Franco-Nevada
292 hedge funds and large institutions have $9.32B invested in Franco-Nevada in 2019 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 103 increasing their positions, 97 reducing their positions, and 35 closing their positions.
30% more call options, than puts
Call options by funds: $142M | Put options by funds: $109M
6% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 97
5% more capital invested
Capital invested by funds: $8.9B → $9.32B (+$413M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 35
1% less funds holding
Funds holding: 295 → 292 (-3)
2.1% less ownership
Funds ownership: 68.42% → 66.31% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$90.8M |
| 2 |
Legal & General Group
London,
United Kingdom
|
+$16.7M |
| 3 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$16.4M |
| 4 |
CAM
Cidel Asset Management
Toronto, Ontario,
Ontario, Canada
|
+$15.2M |
| 5 |
Renaissance Technologies
New York
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$85.3M |
| 2 |
First Eagle Investment Management
New York
|
-$61.6M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$46.1M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$39.4M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
-$32.8M |
FNV Hedge Fund Activity: Q1 2019 in Review
292 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2019, worth a combined $9.32B — up 4.6% from $8.9B a quarter earlier.
Fund positioning in FNV was balanced in Q1 2019: 35 funds opened new positions, 35 closed out, 103 added to existing stakes and 97 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $90.8M. The largest seller was VanEck Associates, cutting an estimated $85.3M.
- 292 institutional investors held Franco-Nevada (FNV) as of Q1 2019, down from 295 in Q4 2018.
- Funds reported $9.32B of Franco-Nevada stock for Q1 2019, up 4.6% quarter-over-quarter.
- 35 funds opened new Franco-Nevada positions in Q1 2019 and 35 closed out, a net change of 0 holders.
- The largest Franco-Nevada buyer in Q1 2019 was Fidelity Investments, an estimated $90.8M added.
- The largest Franco-Nevada seller in Q1 2019 was VanEck Associates, an estimated $85.3M sold.
Based on aggregated 13F filings for Q1 2019.