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Franco-Nevada
FNV

234 hedge funds and large institutions have $7.41B invested in Franco-Nevada in 2016 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 89 increasing their positions, 63 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 3 → 12 (+9)

139% more call options, than puts

Call options by funds: $156M | Put options by funds: $65.1M

135% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 20

58% more capital invested

Capital invested by funds: $4.68B → $7.41B (+$2.72B)

41% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 63

13% more funds holding

Funds holding: 207 → 234 (+27)

1% more ownership

Funds ownership: 64.56% → 65.56% (+1%)

Holders
234
Holders Change
+27
Holders Change %
+13.04%
% of All Funds
6.24%
Holding in Top 10
12
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+300%
% of All Funds
0.32%
New
47
Increased
89
Reduced
63
Closed
20
Calls
$156M
Puts
$65.1M
Net Calls
+$90.4M
Net Calls Change
+$60.6M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$320M
2
VanEck Associates
VanEck Associates
New York
+$70.4M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$65.7M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$58.9M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$58.2M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$185M
2
WBC
Westpac Banking Corp
Australia
-$49.5M
3
Norges Bank
Norges Bank
Norway
-$41.8M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$40M
5
Franklin Resources
Franklin Resources
California
-$25.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
26
Horizon Kinetics
New York
$58.8M +$16.4M +306,101 +47%
Canada Life
27
Canada Life
Manitoba, Canada
$58.3M +$37.6M +700,578 +281%
AIMCA
28
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$54.7M +$22.3M +415,700 +154%
CGI
29
CI Global Investments
California
$51.7M -$4.19M -78,126 -8%
Legal & General Group
30
Legal & General Group
United Kingdom
$51.6M +$6.39M +119,033 +17%
Renaissance Technologies
31
Renaissance Technologies
New York
$49.4M +$18.6M +345,900 +75%
AQR Capital Management
32
AQR Capital Management
Connecticut
$49.4M -$2.25M -41,935 -5%
OAMG
33
Odey Asset Management Group
United Kingdom
$46.5M +$40.7M +757,703 New
RA
34
Royce & Associates
New York
$45M -$258K -4,800 -0.7%
CI Investments Inc
35
CI Investments Inc
Ontario, Canada
$44.5M +$38.9M +725,400 New
TAM
36
Tocqueville Asset Management
New York
$44.4M +$4.88M +90,850 +14%
Wellington Management Group
37
Wellington Management Group
Massachusetts
$40M +$32M +596,914 +1,115%
UBS AM
38
UBS AM
Illinois
$39.6M +$1.35M +25,138 +4%
BCM
39
Barometer Capital Management
Ontario, Canada
$37.8M +$10.4M +192,900 +46%
GCC
40
Guardian Capital (Canada)
Ontario, Canada
$36.8M +$7.38M +137,581 +30%
Goldman Sachs
41
Goldman Sachs
New York
$35.8M +$2.23M +41,629 +8%
PIC
42
PCJ Investment Counsel
Ontario, Canada
$35.7M +$30.7M +572,700 +10,136%
T
43
TOBAM
France
$34.4M -$6.85M -127,700 -19%
RFC
44
Russell Frank Company
Washington
$34.3M +$13.9M +258,963 +87%
Sumitomo Mitsui Trust Group
45
Sumitomo Mitsui Trust Group
Japan
$33.4M +$4.89M +91,173 +20%
Franklin Resources
46
Franklin Resources
California
$32.9M -$25.5M -474,851 -47%
CS
47
Credit Suisse
Switzerland
$30.7M +$3.21M +59,864 +14%
GF
48
Gabelli Funds
New York
$30.5M -$11.1M -206,800 -29%
AII
49
AGF Investments Inc
Ontario, Canada
$30.1M +$6.6M +122,919 +33%
Massachusetts Financial Services
50
Massachusetts Financial Services
Massachusetts
$25.8M +$22.6M +420,559 New
1
2
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FNV Hedge Fund Activity: Q1 2016 in Review

234 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2016, worth a combined $7.41B — up 58% from $4.68B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new FNV positions and 20 closed out — a net gain of 27 holders — while 89 added to existing stakes and 63 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $320M. The largest seller was T. Rowe Price Associates, cutting an estimated $185M.

  • 234 institutional investors held Franco-Nevada (FNV) as of Q1 2016, up from 207 in Q4 2015.
  • Funds reported $7.41B of Franco-Nevada stock for Q1 2016, up 58% quarter-over-quarter.
  • 47 funds opened new Franco-Nevada positions in Q1 2016 and 20 closed out, a net change of +27 holders.
  • The largest Franco-Nevada buyer in Q1 2016 was Fidelity Investments, an estimated $320M added.
  • The largest Franco-Nevada seller in Q1 2016 was T. Rowe Price Associates, an estimated $185M sold.

Based on aggregated 13F filings for Q1 2016.