Franco-Nevada
488 hedge funds and large institutions have $15.2B invested in Franco-Nevada in 2023 Q4 according to their latest regulatory filings, with 75 funds opening new positions, 149 increasing their positions, 186 reducing their positions, and 75 closing their positions.
59% more call options, than puts
Call options by funds: $279M | Put options by funds: $176M
1.68% more ownership
Funds ownership: 69.45% → 71.13% (+1.7%)
0% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 75
1% less funds holding
Funds holding: 491 → 488 (-3)
15% less capital invested
Capital invested by funds: $17.9B → $15.2B (-$2.76B)
20% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 186
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$303M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$171M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$121M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$109M |
| 5 |
First Eagle Investment Management
New York
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$497M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$167M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$163M |
| 4 |
TAM
Troy Asset Management
London,
United Kingdom
|
-$149M |
| 5 |
MIM
Meridiem Investment Management
London,
United Kingdom
|
-$67.7M |
FNV Hedge Fund Activity: Q4 2023 in Review
488 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2023, worth a combined $15.2B — down 15% from $17.9B a quarter earlier.
Fund positioning in FNV was balanced in Q4 2023: 75 funds opened new positions, 75 closed out, 149 added to existing stakes and 186 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $303M. The largest seller was Fidelity Investments, cutting an estimated $497M.
- 488 institutional investors held Franco-Nevada (FNV) as of Q4 2023, down from 491 in Q3 2023.
- Funds reported $15.2B of Franco-Nevada stock for Q4 2023, down 15% quarter-over-quarter.
- 75 funds opened new Franco-Nevada positions in Q4 2023 and 75 closed out, a net change of 0 holders.
- The largest Franco-Nevada buyer in Q4 2023 was Morgan Stanley, an estimated $303M added.
- The largest Franco-Nevada seller in Q4 2023 was Fidelity Investments, an estimated $497M sold.
Based on aggregated 13F filings for Q4 2023.