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Franco-Nevada
FNV

244 hedge funds and large institutions have $8.32B invested in Franco-Nevada in 2016 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 68 increasing their positions, 102 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 19

29% more call options, than puts

Call options by funds: $98.9M | Put options by funds: $76.5M

3% more funds holding

Funds holding: 237 → 244 (+7)

1.3% less ownership

Funds ownership: 66.53% → 65.23% (-1.3%)

8% less capital invested

Capital invested by funds: $9.04B → $8.32B (-$718M)

27% less funds holding in top 10

Funds holding in top 10: 11 → 8 (-3)

33% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 102

Holders
244
Holders Change
+7
Holders Change %
+2.95%
% of All Funds
6.51%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.21%
New
28
Increased
68
Reduced
102
Closed
19
Calls
$98.9M
Puts
$76.5M
Net Calls
+$22.4M
Net Calls Change
+$64M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$83.2M
2
VanEck Associates
VanEck Associates
New York
+$58.5M
3
OAMG
Odey Asset Management Group
United Kingdom
+$20.6M
4
Deutsche Bank
Deutsche Bank
Germany
+$19M
5
Citadel Advisors
Citadel Advisors
Florida
+$18.5M

Top Sellers

1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$68.5M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$59.8M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$49.2M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$48.8M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$25M
Name Holding Trade Value Shares
Change 		Change in
Stake
CBOA
26
Commonwealth Bank of Australia
Australia
$69.7M -$4.22M -56,313 -5%
JP Morgan Chase
27
JP Morgan Chase
New York
$62.1M -$1.67M -22,324 -2%
Legal & General Group
28
Legal & General Group
United Kingdom
$62.1M -$1.18M -15,787 -2%
HK
29
Horizon Kinetics
New York
$58.5M -$3.46M -46,135 -5%
AII
30
AGF Investments Inc
Ontario, Canada
$57M +$1.19M +15,849 +2%
UBS AM
31
UBS AM
Illinois
$45.9M +$1.4M +18,668 +3%
T
32
TOBAM
France
$43.2M +$5.63M +75,207 +14%
GF
33
Gabelli Funds
New York
$42.5M +$4.13M +55,100 +10%
Sumitomo Mitsui Trust Group
34
Sumitomo Mitsui Trust Group
Japan
$41.2M +$156K +2,088 +0.4%
RA
35
Royce & Associates
New York
$37.8M -$2.69M -35,850 -6%
PIC
36
PCJ Investment Counsel
Ontario, Canada
$37.2M -$2.11M -28,100 -5%
AQR Capital Management
37
AQR Capital Management
Connecticut
$36.9M -$6.28M -83,761 -14%
Franklin Resources
38
Franklin Resources
California
$35.8M -$170K -2,266 -0.4%
Public Sector Pension Investment Board (PSP Investments)
39
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$34.9M +$14.2M +189,300 +61%
Wellington Management Group
40
Wellington Management Group
Massachusetts
$34.3M -$14.6M -195,119 -28%
EA
41
Emerald Acquisition
Washington
$33.1M +$62.3K +831 +0.2%
GCC
42
Guardian Capital (Canada)
Ontario, Canada
$33M +$2.86M +38,154 +9%
Massachusetts Financial Services
43
Massachusetts Financial Services
Massachusetts
$30.4M -$1.15M -15,345 -3%
MTB
44
Mizuho Trust & Banking
Japan
$29.1M +$2.12M +28,300 +10%
CS
45
Credit Suisse
Switzerland
$28M -$8.15M -108,801 -21%
CI Investments Inc
46
CI Investments Inc
Ontario, Canada
$27.5M -$24.9M -332,391 -46%
Invesco
47
Invesco
Georgia
$26.5M -$2.91M -38,890 -9%
IGIM
48
I.G. Investment Management
Manitoba, Canada
$26.1M +$661K +8,822 +2%
AIMCA
49
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$25.2M +$502K +6,700 +2%
Bank of Nova Scotia
50
Bank of Nova Scotia
Ontario, Canada
$24.6M +$151K +2,022 +0.6%
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FNV Hedge Fund Activity: Q3 2016 in Review

244 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2016, worth a combined $8.32B — down 7.9% from $9.04B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FNV positions and 19 closed out — a net gain of 9 holders — while 68 added to existing stakes and 102 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $83.2M. The largest seller was Fiera Capital (Canada), cutting an estimated $68.5M.

  • 244 institutional investors held Franco-Nevada (FNV) as of Q3 2016, up from 237 in Q2 2016.
  • Funds reported $8.32B of Franco-Nevada stock for Q3 2016, down 7.9% quarter-over-quarter.
  • 28 funds opened new Franco-Nevada positions in Q3 2016 and 19 closed out, a net change of +9 holders.
  • The largest Franco-Nevada buyer in Q3 2016 was Fidelity Investments, an estimated $83.2M added.
  • The largest Franco-Nevada seller in Q3 2016 was Fiera Capital (Canada), an estimated $68.5M sold.

Based on aggregated 13F filings for Q3 2016.