Franco-Nevada
443 hedge funds and large institutions have $17.6B invested in Franco-Nevada in 2020 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 174 increasing their positions, 128 reducing their positions, and 42 closing their positions.
56% more call options, than puts
Call options by funds: $301M | Put options by funds: $193M
52% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 42
36% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 128
4% more funds holding
Funds holding: 425 → 443 (+18)
1% less capital invested
Capital invested by funds: $17.7B → $17.6B (-$96.4M)
0.7% less ownership
Funds ownership: 66.74% → 66.04% (-0.7%)
12% less funds holding in top 10
Funds holding in top 10: 25 → 22 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Alleghany Corporation
New York
|
+$98.4M |
| 2 |
Morgan Stanley
New York
|
+$51.1M |
| 3 |
WJWM
Williams Jones Wealth Management
New York
|
+$40.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$39.4M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$36.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$129M |
| 2 |
First Eagle Investment Management
New York
|
-$102M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$82.2M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$77.6M |
| 5 |
Renaissance Technologies
New York
|
-$47.2M |
FNV Hedge Fund Activity: Q3 2020 in Review
443 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2020, worth a combined $17.6B — down 0.54% from $17.7B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new FNV positions and 42 closed out — a net gain of 22 holders — while 174 added to existing stakes and 128 trimmed.
The largest buyer was Alleghany Corporation, adding an estimated $98.4M. The largest seller was VanEck Associates, cutting an estimated $129M.
- 443 institutional investors held Franco-Nevada (FNV) as of Q3 2020, up from 425 in Q2 2020.
- Funds reported $17.6B of Franco-Nevada stock for Q3 2020, down 0.54% quarter-over-quarter.
- 64 funds opened new Franco-Nevada positions in Q3 2020 and 42 closed out, a net change of +22 holders.
- The largest Franco-Nevada buyer in Q3 2020 was Alleghany Corporation, an estimated $98.4M added.
- The largest Franco-Nevada seller in Q3 2020 was VanEck Associates, an estimated $129M sold.
Based on aggregated 13F filings for Q3 2020.