Franco-Nevada
203 hedge funds and large institutions have $5.21B invested in Franco-Nevada in 2015 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 66 increasing their positions, 81 reducing their positions, and 22 closing their positions.
5% more call options, than puts
Call options by funds: $56.5M | Put options by funds: $53.8M
1% less funds holding
Funds holding: 205 → 203 (-2)
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
3.31% less ownership
Funds ownership: 71.81% → 68.5% (-3.3%)
6% less capital invested
Capital invested by funds: $5.56B → $5.21B (-$344M)
19% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 81
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$95.8M |
| 2 |
VanEck Associates
New York
|
+$43.8M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$33.2M |
| 4 |
O
OppenheimerFunds
New York
|
+$33.2M |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$78M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$77.3M |
| 3 |
TAM
Tocqueville Asset Management
New York
|
-$67.1M |
| 4 |
BlackRock
New York
|
-$62.2M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$25.3M |
FNV Hedge Fund Activity: Q1 2015 in Review
203 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2015, worth a combined $5.21B — down 6.2% from $5.56B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of FNV and 21 opened new positions — a net loss of 1 holder — while 81 trimmed existing stakes and 66 added.
The largest buyer was Vanguard Group, opening a new position worth an estimated $95.8M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $78M.
- 203 institutional investors held Franco-Nevada (FNV) as of Q1 2015, down from 205 in Q4 2014.
- Funds reported $5.21B of Franco-Nevada stock for Q1 2015, down 6.2% quarter-over-quarter.
- 21 funds opened new Franco-Nevada positions in Q1 2015 and 22 closed out, a net change of -1 holder.
- The largest Franco-Nevada buyer in Q1 2015 was Vanguard Group, an estimated $95.8M added.
- The largest Franco-Nevada seller in Q1 2015 was Canada Pension Plan Investment Board, an estimated $78M sold.
Based on aggregated 13F filings for Q1 2015.