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Franco-Nevada

428 hedge funds and large institutions have $16.2B invested in Franco-Nevada in 2021 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 147 increasing their positions, 149 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more call options, than puts

Call options by funds: $185M | Put options by funds: $116M

1.16% more ownership

Funds ownership: 66.71%67.87% (+1.2%)

2% more capital invested

Capital invested by funds: $15.9B → $16.2B (+$273M)

1% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 149

4% less funds holding

Funds holding: 446428 (-18)

5% less funds holding in top 10

Funds holding in top 10: 1918 (-1)

21% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 66

Holders
428
Holders Change
-18
Holders Change %
-4.04%
% of All Funds
7.52%
Holding in Top 10
18
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.26%
% of All Funds
0.32%
New
52
Increased
147
Reduced
149
Closed
66
Calls
$185M
Puts
$116M
Net Calls
+$69M
Net Calls Change
+$27.7M
Name Holding Trade Value Shares
Change
Change in
Stake
AC
26
Alleghany Corporation
New York
$157M
Legal & General Group
27
Legal & General Group
United Kingdom
$147M +$2.26M +18,815 +2%
JFL
28
Jarislowsky, Fraser Ltd
Quebec, Canada
$144M +$139M +1,151,063 New
JP Morgan Chase
29
JP Morgan Chase
New York
$128M +$807K +6,708 +0.7%
Connor, Clark & Lunn Investment Management (CC&L)
30
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$125M +$6.13M +50,900 +5%
1832 Asset Management
31
1832 Asset Management
Ontario, Canada
$124M +$3.28M +27,273 +3%
Deutsche Bank
32
Deutsche Bank
Germany
$96.9M -$5.26M -43,689 -5%
AAMU
33
Amundi Asset Management US
Massachusetts
$96.8M +$184K +1,530 +0.2%
HKAM
34
Horizon Kinetics Asset Management
New York
$96.2M +$115K +958 +0.1%
Toronto Dominion Bank
35
Toronto Dominion Bank
Ontario, Canada
$91M -$15.9M -132,112 -15%
CS
36
Credit Suisse
Switzerland
$89M -$18.3M -152,278 -18%
Sumitomo Mitsui Trust Group
37
Sumitomo Mitsui Trust Group
Japan
$88.8M -$3.23M -26,847 -4%
Franklin Resources
38
Franklin Resources
California
$83.9M -$4.46M -37,011 -5%
Morgan Stanley
39
Morgan Stanley
New York
$83M -$49.4M -410,569 -38%
Bank of America
40
Bank of America
North Carolina
$78.3M -$12.4M -102,783 -14%
EPFB
41
Employees Provident Fund Board
Malaysia
$71.7M +$28.9M +239,887 +111%
Principal Financial Group
42
Principal Financial Group
Iowa
$71M -$796K -6,615 -1%
Two Sigma Investments
43
Two Sigma Investments
New York
$63M -$9.63M -79,960 -14%
SBH
44
Segall Bryant & Hamill
Illinois
$51.9M -$2.74M -22,726 -5%
MIM
45
Meridiem Investment Management
United Kingdom
$50.8M +$48.8M +405,618 New
American Century Companies
46
American Century Companies
Missouri
$50.6M -$17.8K -148 -0%
Geode Capital Management
47
Geode Capital Management
Massachusetts
$50.2M +$5.22M +43,355 +12%
QC
48
Quadrature Capital
United Kingdom
$49M +$5.26M +43,700 +13%
BlackRock
49
BlackRock
New York
$46.2M +$39M +323,849 +721%
Public Sector Pension Investment Board (PSP Investments)
50
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$43.3M +$18.1M +150,745 +77%

FNV Hedge Fund Activity: Q1 2021 in Review

428 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2021, worth a combined $16.2B — up 1.7% from $15.9B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of FNV and 52 opened new positions — a net loss of 14 holders — while 149 trimmed existing stakes and 147 added.

The largest buyer was EdgePoint Investment Group, adding an estimated $200M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $134M.

  • 428 institutional investors held Franco-Nevada (FNV) as of Q1 2021, down from 446 in Q4 2020.
  • Funds reported $16.2B of Franco-Nevada stock for Q1 2021, up 1.7% quarter-over-quarter.
  • 52 funds opened new Franco-Nevada positions in Q1 2021 and 66 closed out, a net change of -14 holders.
  • The largest Franco-Nevada buyer in Q1 2021 was EdgePoint Investment Group, an estimated $200M added.
  • The largest Franco-Nevada seller in Q1 2021 was Manulife (Manufacturers Life Insurance), an estimated $134M sold.

Based on aggregated 13F filings for Q1 2021.