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Franco-Nevada
FNV

473 hedge funds and large institutions have $14.6B invested in Franco-Nevada in 2022 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 161 increasing their positions, 169 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more call options, than puts

Call options by funds: $217M | Put options by funds: $153M

0.32% more ownership

Funds ownership: 67.93% → 68.25% (+0.32%)

5% less repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 169

3% less funds holding

Funds holding: 487 → 473 (-14)

8% less funds holding in top 10

Funds holding in top 10: 24 → 22 (-2)

10% less capital invested

Capital invested by funds: $16.3B → $14.6B (-$1.61B)

13% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 52

Holders
473
Holders Change
-14
Holders Change %
-2.87%
% of All Funds
8.15%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.38%
New
45
Increased
161
Reduced
169
Closed
52
Calls
$217M
Puts
$153M
Net Calls
+$63.6M
Net Calls Change
-$46.4M

Top Buyers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$235M
2
Victory Capital Management
Victory Capital Management
Texas
+$229M
3
Amundi
Amundi
France
+$53.9M
4
Fidelity International
Fidelity International
Bermuda
+$46.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$38.8M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$560M
2
APG Asset Management
APG Asset Management
Netherlands
-$65.5M
3
AIM
Artemis Investment Management
United Kingdom
-$30M
4
BCM
Bornite Capital Management
New York
-$26.3M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$22.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAA
251
Independent Advisor Alliance
North Carolina
$1.15M -$749K -5,960 -38%
PNC Financial Services Group
252
PNC Financial Services Group
Pennsylvania
$1.14M +$33.4K +266 +3%
SLAM
253
Swiss Life Asset Management
$1.13M -$23.4K -186 -2%
AAM
254
Augustine Asset Management
Florida
$1.05M – – –
FSA
255
Financial Sense Advisors
California
$1M -$197K -1,565 -16%
IIM
256
Ironwood Investment Management
Massachusetts
$917K -$12.1K -96 -1%
SC
257
Scholtz & Company
Connecticut
$870K +$772K +6,145 New
AIA
258
Avalon Investment & Advisory
Texas
$836K – – –
RR
259
Robotti Robert
$836K +$377K +3,000 +75%
Bank of Montreal
260
Bank of Montreal
Ontario, Canada
$801K +$235M +1,871,053 +39%
SEC
261
Seven Eight Capital
New York
$789K +$371K +2,949 +81%
FIM
262
Fruth Investment Management
Texas
$785K – – –
Mariner
263
Mariner
Kansas
$765K +$804K +6,399 New
Creative Planning
264
Creative Planning
Kansas
$755K -$39.6K -315 -5%
PG
265
Pendal Group
Australia
$741K +$781K +6,215 New
Parallax Volatility Advisers
266
Parallax Volatility Advisers
California
$737K -$4.85M -38,562 -86%
MGP
267
Metis Global Partners
California
$733K -$114K -908 -13%
Assenagon Asset Management
268
Assenagon Asset Management
Luxembourg
$730K +$479K +3,811 +168%
SIG
269
Stonegate Investment Group
Alabama
$705K +$12.6K +100 +2%
MML Investors Services
270
MML Investors Services
Massachusetts
$702K +$170K +1,355 +30%
William Blair & Company
271
William Blair & Company
Illinois
$695K -$30K -239 -4%
HCM
272
Howland Capital Management
Massachusetts
$693K – – –
NEAM
273
New England Asset Management
Connecticut
$693K – – –
TC
274
Tacita Capital
Ontario, Canada
$684K – – –
XT
275
XTX Topco
Cayman Islands
$676K +$398K +3,169 +127%
9 10
11
12 13

FNV Hedge Fund Activity: Q3 2022 in Review

473 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2022, worth a combined $14.6B — down 9.9% from $16.3B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of FNV and 45 opened new positions — a net loss of 7 holders — while 169 trimmed existing stakes and 161 added.

The largest buyer was Bank of Montreal, adding an estimated $235M. The largest seller was T. Rowe Price Associates, cutting an estimated $560M.

  • 473 institutional investors held Franco-Nevada (FNV) as of Q3 2022, down from 487 in Q2 2022.
  • Funds reported $14.6B of Franco-Nevada stock for Q3 2022, down 9.9% quarter-over-quarter.
  • 45 funds opened new Franco-Nevada positions in Q3 2022 and 52 closed out, a net change of -7 holders.
  • The largest Franco-Nevada buyer in Q3 2022 was Bank of Montreal, an estimated $235M added.
  • The largest Franco-Nevada seller in Q3 2022 was T. Rowe Price Associates, an estimated $560M sold.

Based on aggregated 13F filings for Q3 2022.