Orbis Allan Gray’s Franco-Nevada FNV Stock Holding History

Orbis Allan Gray’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	$267M	Sell	1,079,439 -329,750	-23%	-$81.6M	1.12%	34
2025 Q4	$292M	Sell	1,409,189 -9,178	-0.6%	-$1.86M	1.22%	33
2025 Q3	$316M	Buy	1,418,367 +6,270	+0.4%	+$1.13M	1.36%	30
2025 Q2	$231M	Sell	1,412,097 -506,855	-26%	-$83.9M	1.13%	30
2025 Q1	$302M	Sell	1,918,952 -21,573	-1%	-$3.02M	1.73%	23
2024 Q4	$228M	Buy	1,940,525 +855,943	+79%	+$106M	1.23%	29
2024 Q3	$135M	Sell	1,084,582 -3,511	-0.3%	-$435K	0.71%	34
2024 Q2	$129M	Buy	1,088,093 +287,169	+36%	+$34.9M	0.8%	36
2024 Q1	$95.4M	Buy	+800,924	New	+$88.2M	0.57%	38

Other funds holding FNV

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

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 New York $59B AUM 32.99% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

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 Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Orbis Allan Gray's FNV Position: Q1 2026 in Review

Orbis Allan Gray reduced its Franco-Nevada (FNV) stake by 23% in Q1 2026, selling an estimated $81.6M and leaving 1,079,439 shares worth $267M. The position accounts for 1.12% of the portfolio, ranked #34.

Orbis Allan Gray first reported a position in FNV in Q1 2024 and has held it in 9 quarters since. The position peaked at $316M in Q3 2025. 637 funds tracked by Wall St. Rank hold FNV as of Q1 2026.

Orbis Allan Gray held 1,079,439 shares of Franco-Nevada worth $267M as of Q1 2026.
Orbis Allan Gray sold 329,750 Franco-Nevada shares in Q1 2026, an estimated $81.6M.
Franco-Nevada made up 1.12% of Orbis Allan Gray's portfolio in Q1 2026, its #34 holding.
Orbis Allan Gray first reported a position in Franco-Nevada in Q1 2024 and has held it in 9 quarters since.
Orbis Allan Gray's Franco-Nevada position peaked at $316M in Q3 2025.
637 funds tracked by Wall St. Rank held Franco-Nevada as of Q1 2026.

Based on Orbis Allan Gray's 13F filing for Q1 2026, filed 15 May 2026.