Telemark Asset Management’s Franco-Nevada FNV Stock Holding History

Telemark Asset Management’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 Q2	$20.8M	Hold	100,000	–	–	1.51%	24
2026 Q1	$24.7M	Hold	100,000	–	–	2.28%	14
2025 Q4	$20.7M	Sell	100,000 -50,000	-33%	-$10.1M	2.07%	14
2025 Q3	$33.4M	Buy	150,000 +50,000	+50%	+$9.01M	3.17%	9
2025 Q2	$16.4M	Hold	100,000	–	–	1.49%	22
2025 Q1	$15.8M	Buy	+100,000	New	+$14M	2.06%	19
2024 Q4	–	Sell	-50,000	Closed	-$6.21M	–	60
2024 Q3	$6.21M	Buy	50,000 +20,000	+67%	+$2.48M	0.63%	46
2024 Q2	$3.56M	Buy	+30,000	New	+$3.65M	0.31%	56
2023 Q4	–	Sell	-180,000	Closed	-$24M	–	52
2023 Q3	$24M	Sell	180,000 -45,000	-20%	-$6.36M	3.65%	8
2023 Q2	$32.1M	Sell	225,000 -25,000	-10%	-$3.75M	4.35%	5
2023 Q1	$36.5M	Buy	250,000 +30,000	+14%	+$4.18M	5.41%	3
2022 Q4	$30M	Sell	220,000 -10,000	-4%	-$1.32M	4.55%	6
2022 Q3	$27.5M	Sell	230,000 -50,000	-18%	-$6.29M	4.31%	8
2022 Q2	$36.8M	Sell	280,000 -10,000	-3%	-$1.48M	6.23%	1
2022 Q1	$46.3M	Buy	290,000 +40,000	+16%	+$5.76M	4.09%	5
2021 Q4	$34.6M	Buy	+250,000	New	+$34.6M	2.47%	7
2021 Q3	–	Sell	-20,000	Closed	-$2.9M	–	62
2021 Q2	$2.9M	Buy	+20,000	New	+$2.89M	0.23%	65
2014 Q2	–	Sell	-250,000	Closed	-$11.5M	–	47
2014 Q1	$11.5M	Buy	250,000 +100,000	+67%	+$4.8M	2.89%	9
2013 Q4	$6.11M	Buy	+150,000	New	+$6.3M	1.51%	26

Other funds holding FNV

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

First Eagle Investment Management New York $60.8B AUM 26.63% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return

Telemark Asset Management's FNV Position: Q2 2026 in Review

Telemark Asset Management held its Franco-Nevada (FNV) position steady in Q2 2026 at 100,000 shares worth $20.8M. The position accounts for 1.51% of the portfolio, ranked #24.

Telemark Asset Management first reported a position in FNV in Q4 2013 and has held it in 19 quarters since. The position peaked at $46.3M in Q1 2022. 662 funds tracked by Wall St. Rank hold FNV as of Q2 2026.

Telemark Asset Management held 100,000 shares of Franco-Nevada worth $20.8M as of Q2 2026.
Telemark Asset Management left its Franco-Nevada share count unchanged in Q2 2026.
Franco-Nevada made up 1.51% of Telemark Asset Management's portfolio in Q2 2026, its #24 holding.
Telemark Asset Management first reported a position in Franco-Nevada in Q4 2013 and has held it in 19 quarters since.
Telemark Asset Management's Franco-Nevada position peaked at $46.3M in Q1 2022.
662 funds tracked by Wall St. Rank held Franco-Nevada as of Q2 2026.

Based on Telemark Asset Management's 13F filing for Q2 2026, filed 10 Aug 2026.