Franco-Nevada
659 hedge funds and large institutions have $29B invested in Franco-Nevada in 2026 Q2 according to their latest regulatory filings, with 90 funds opening new positions, 243 increasing their positions, 204 reducing their positions, and 56 closing their positions.
61% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 56
19% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 204
3% more funds holding
Funds holding: 639 → 659 (+20)
5% more call options, than puts
Call options by funds: $143M | Put options by funds: $137M
0.23% more ownership
Funds ownership: 71.3% → 71.53% (+0.23%)
15% less capital invested
Capital invested by funds: $34.1B → $29B (-$5.04B)
44% less funds holding in top 10
Funds holding in top 10: 27 → 15 (-12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$317M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$214M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$113M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$76.9M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$60.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$391M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$288M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$198M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$194M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$149M |
FNV Hedge Fund Activity: Q2 2026 in Review
659 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2026, worth a combined $29B — down 15% from $34.1B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new FNV positions and 56 closed out — a net gain of 34 holders — while 243 added to existing stakes and 204 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $317M. The largest seller was Arrowstreet Capital, cutting an estimated $391M.
- 659 institutional investors held Franco-Nevada (FNV) as of Q2 2026, up from 639 in Q1 2026.
- Funds reported $29B of Franco-Nevada stock for Q2 2026, down 15% quarter-over-quarter.
- 90 funds opened new Franco-Nevada positions in Q2 2026 and 56 closed out, a net change of +34 holders.
- The largest Franco-Nevada buyer in Q2 2026 was Royal Bank of Canada, an estimated $317M added.
- The largest Franco-Nevada seller in Q2 2026 was Arrowstreet Capital, an estimated $391M sold.
Based on aggregated 13F filings for Q2 2026.