Franco-Nevada
425 hedge funds and large institutions have $17.7B invested in Franco-Nevada in 2020 Q2 according to their latest regulatory filings, with 91 funds opening new positions, 140 increasing their positions, 135 reducing their positions, and 35 closing their positions.
160% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 35
68% more call options, than puts
Call options by funds: $232M | Put options by funds: $138M
37% more capital invested
Capital invested by funds: $13B → $17.7B (+$4.75B)
19% more funds holding in top 10
Funds holding in top 10: 21 → 25 (+4)
15% more funds holding
Funds holding: 369 → 425 (+56)
4% more repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 135
2.26% less ownership
Funds ownership: 69% → 66.74% (-2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$171M |
| 2 |
Renaissance Technologies
New York
|
+$102M |
| 3 |
VanEck Associates
New York
|
+$94.4M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$76.6M |
| 5 |
AC
Alleghany Corporation
New York
|
+$69.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$115M |
| 2 |
First Eagle Investment Management
New York
|
-$113M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$111M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$98M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$95.4M |
FNV Hedge Fund Activity: Q2 2020 in Review
425 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2020, worth a combined $17.7B — up 37% from $13B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new FNV positions and 35 closed out — a net gain of 56 holders — while 140 added to existing stakes and 135 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $171M. The largest seller was Canada Life, cutting an estimated $115M.
- 425 institutional investors held Franco-Nevada (FNV) as of Q2 2020, up from 369 in Q1 2020.
- Funds reported $17.7B of Franco-Nevada stock for Q2 2020, up 37% quarter-over-quarter.
- 91 funds opened new Franco-Nevada positions in Q2 2020 and 35 closed out, a net change of +56 holders.
- The largest Franco-Nevada buyer in Q2 2020 was Arrowstreet Capital, an estimated $171M added.
- The largest Franco-Nevada seller in Q2 2020 was Canada Life, an estimated $115M sold.
Based on aggregated 13F filings for Q2 2020.