Tom Gayner’s Franco-Nevada FNV Stock Holding History

Tom Gayner’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	$161M	Buy	773,500 +65,000	+9%	+$15.2M	1.23%	22
2026 Q1	$175M	Buy	708,500 +25,000	+4%	+$6.18M	1.47%	17
2025 Q4	$142M	Buy	683,500 +78,000	+13%	+$15.8M	1.13%	28
2025 Q3	$135M	Buy	605,500 +36,000	+6%	+$6.49M	1.1%	27
2025 Q2	$93.4M	Buy	569,500 +44,250	+8%	+$7.33M	0.79%	38
2025 Q1	$82.8M	Buy	525,250 +42,000	+9%	+$5.88M	0.73%	39
2024 Q4	$56.8M	Buy	483,250 +137,750	+40%	+$17M	0.5%	50
2024 Q3	$42.9M	Buy	345,500 +100,500	+41%	+$12.4M	0.39%	58
2024 Q2	$29M	Buy	+245,000	New	+$29.8M	0.29%	68

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 $59.9B AUM 27.01% 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

Tom Gayner's FNV Position: Q2 2026 in Review

Tom Gayner increased its Franco-Nevada (FNV) stake by 9.2% in Q2 2026, buying an estimated $15.2M and bringing the position to 773,500 shares worth $161M. The position accounts for 1.23% of the portfolio, ranked #22.

Tom Gayner first reported a position in FNV in Q2 2024 and has held it in 9 quarters since. The position peaked at $175M in Q1 2026. 659 funds tracked by Wall St. Rank hold FNV as of Q2 2026.

Tom Gayner held 773,500 shares of Franco-Nevada worth $161M as of Q2 2026.
Tom Gayner bought 65,000 Franco-Nevada shares in Q2 2026, an estimated $15.2M.
Franco-Nevada made up 1.23% of Tom Gayner's portfolio in Q2 2026, its #22 holding.
Tom Gayner first reported a position in Franco-Nevada in Q2 2024 and has held it in 9 quarters since.
Tom Gayner's Franco-Nevada position peaked at $175M in Q1 2026.
659 funds tracked by Wall St. Rank held Franco-Nevada as of Q2 2026.

Based on Markel Group's 13F filing for Q2 2026, filed 31 Jul 2026.