Franco-Nevada
295 hedge funds and large institutions have $8.9B invested in Franco-Nevada in 2018 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 102 increasing their positions, 91 reducing their positions, and 26 closing their positions.
115% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 26
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
13% more capital invested
Capital invested by funds: $7.89B → $8.9B (+$1.01B)
12% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 91
10% more funds holding
Funds holding: 269 → 295 (+26)
0.68% more ownership
Funds ownership: 67.73% → 68.42% (+0.68%)
31% less call options, than puts
Call options by funds: $77.9M | Put options by funds: $112M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$61.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$52.2M |
| 3 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$42.7M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$38.5M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$29.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$58.5M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$53.6M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$33M |
| 4 |
VanEck Associates
New York
|
-$32.5M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$27.7M |
FNV Hedge Fund Activity: Q4 2018 in Review
295 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2018, worth a combined $8.9B — up 13% from $7.89B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new FNV positions and 26 closed out — a net gain of 30 holders — while 102 added to existing stakes and 91 trimmed.
The largest buyer was Fidelity International, adding an estimated $61.1M. The largest seller was JP Morgan Chase, cutting an estimated $58.5M.
- 295 institutional investors held Franco-Nevada (FNV) as of Q4 2018, up from 269 in Q3 2018.
- Funds reported $8.9B of Franco-Nevada stock for Q4 2018, up 13% quarter-over-quarter.
- 56 funds opened new Franco-Nevada positions in Q4 2018 and 26 closed out, a net change of +30 holders.
- The largest Franco-Nevada buyer in Q4 2018 was Fidelity International, an estimated $61.1M added.
- The largest Franco-Nevada seller in Q4 2018 was JP Morgan Chase, an estimated $58.5M sold.
Based on aggregated 13F filings for Q4 2018.