National Bank of Canada
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National Bank of Canada’s Franco-Nevada FNV Stock Holding History

National Bank of Canada’s Portfolio FNV Stock Details FNV Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$331M Buy
1,353,107
+53,927
+4% +$13.3M 0.3% 65
2025
Q4 		$269M Sell
1,299,180
-252,377
-16% -$51.2M 0.24% 76
2025
Q3 		$345M Sell
1,551,557
-153,491
-9% -$27.7M 0.34% 61
2025
Q2 		$278M Buy
1,705,048
+102,264
+6% +$16.9M 0.26% 79
2025
Q1 		$252M Buy
1,602,784
+32,387
+2% +$4.53M 0.26% 78
2024
Q4 		$185M Buy
1,570,397
+189,667
+14% +$23.5M 0.2% 101
2024
Q3 		$172M Buy
1,380,730
+29,512
+2% +$3.65M 0.2% 101
2024
Q2 		$159M Buy
1,351,218
+274,069
+25% +$33.3M 0.22% 87
2024
Q1 		$138M Sell
1,077,149
-397,417
-27% -$43.7M 0.21% 87
2023
Q4 		$164M Buy
1,474,566
+69,787
+5% +$8.49M 0.26% 84
2023
Q3 		$183M Buy
1,404,779
+74,369
+6% +$10.5M 0.28% 86
2023
Q2 		$190M Sell
1,330,410
-69,115
-5% -$10.4M 0.35% 65
2023
Q1 		$204M Sell
1,399,525
-125,461
-8% -$17.5M 0.5% 40
2022
Q4 		$208M Buy
1,524,986
+1,339,765
+723% +$177M 0.53% 42
2022
Q3 		$22.1M Buy
185,221
+20,271
+12% +$2.55M 0.12% 197
2022
Q2 		$21.7M Sell
164,950
-11,622
-7% -$1.72M 0.1% 226
2022
Q1 		$28.1M Buy
176,572
+9,705
+6% +$1.4M 0.08% 224
2021
Q4 		$23M Buy
+166,867
New +$23.1M 0.08% 214

Other funds holding FNV

Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
First Eagle Investment Management
First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $12.5B AUM 31.7% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

National Bank of Canada's FNV Position: Q1 2026 in Review

National Bank of Canada increased its Franco-Nevada (FNV) stake by 4.2% in Q1 2026, buying an estimated $13.3M and bringing the position to 1,353,107 shares worth $331M. The position accounts for 0.3% of the portfolio, ranked #65.

National Bank of Canada first reported a position in FNV in Q4 2021 and has held it in 18 quarters since. The position peaked at $345M in Q3 2025. 637 funds tracked by Wall St. Rank hold FNV as of Q1 2026.

  • National Bank of Canada held 1,353,107 shares of Franco-Nevada worth $331M as of Q1 2026.
  • National Bank of Canada bought 53,927 Franco-Nevada shares in Q1 2026, an estimated $13.3M.
  • Franco-Nevada made up 0.3% of National Bank of Canada's portfolio in Q1 2026, its #65 holding.
  • National Bank of Canada first reported a position in Franco-Nevada in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's Franco-Nevada position peaked at $345M in Q3 2025.
  • 637 funds tracked by Wall St. Rank held Franco-Nevada as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.