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Franco-Nevada

477 hedge funds and large institutions have $16B invested in Franco-Nevada in 2024 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 175 increasing their positions, 169 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more call options, than puts

Call options by funds: $301M | Put options by funds: $164M

2.32% more ownership

Funds ownership: 68.78%71.09% (+2.3%)

4% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 169

1% more capital invested

Capital invested by funds: $15.8B → $16B (+$190M)

4% less funds holding

Funds holding: 499477 (-22)

20% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 61

25% less funds holding in top 10

Funds holding in top 10: 1612 (-4)

Holders
477
Holders Change
-22
Holders Change %
-4.41%
% of All Funds
6.89%
Holding in Top 10
12
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-25%
% of All Funds
0.17%
New
49
Increased
175
Reduced
169
Closed
61
Calls
$301M
Puts
$164M
Net Calls
+$138M
Net Calls Change
-$617K
Name Holding Trade Value Shares
Change
Change in
Stake
CIBC Asset Management
26
CIBC Asset Management
Ontario, Canada
$123M -$29.2M -240,538 -19%
1832 Asset Management
27
1832 Asset Management
Ontario, Canada
$122M +$6.46M +53,149 +5%
Legal & General Group
28
Legal & General Group
United Kingdom
$118M -$4.11M -33,824 -3%
JP Morgan Chase
29
JP Morgan Chase
New York
$115M -$32.6M -268,240 -22%
Amundi
30
Amundi
France
$112M -$17.8M -146,602 -14%
HKAM
31
Horizon Kinetics Asset Management
New York
$109M +$2.58M +21,253 +2%
Bank of Nova Scotia
32
Bank of Nova Scotia
Ontario, Canada
$107M -$26.5M -218,172 -19%
Two Sigma Investments
33
Two Sigma Investments
New York
$99.7M -$7.84M -64,524 -7%
Geode Capital Management
34
Geode Capital Management
Massachusetts
$93.5M +$3.02M +24,874 +3%
BCIM
35
British Columbia Investment Management
British Columbia, Canada
$86.3M +$85.9M +706,919 +3,405%
Connor, Clark & Lunn Investment Management (CC&L)
36
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$82.2M +$4.96M +40,800 +6%
Canada Pension Plan Investment Board
37
Canada Pension Plan Investment Board
Ontario, Canada
$78.5M +$8.02M +66,000 +11%
Deutsche Bank
38
Deutsche Bank
Germany
$74.9M -$3.26M -26,865 -4%
Chevy Chase Trust
39
Chevy Chase Trust
Maryland
$74.3M +$1.44M +11,884 +2%
Two Sigma Advisers
40
Two Sigma Advisers
New York
$70.9M +$17.4M +143,000 +31%
Swiss National Bank
41
Swiss National Bank
Switzerland
$68.3M -$450K -3,700 -0.6%
Teacher Retirement System of Texas
42
Teacher Retirement System of Texas
Texas
$66.4M
QC
43
Quadrature Capital
United Kingdom
$65.2M -$51.6M -425,000 -44%
Goldman Sachs
44
Goldman Sachs
New York
$63.1M -$26.6M -219,175 -29%
AIMCA
45
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$56.1M +$2.4M +19,744 +4%
Allianz Asset Management
46
Allianz Asset Management
Germany
$55M +$1.04M +8,568 +2%
FDCDDQ
47
Federation des caisses Desjardins du Quebec
Quebec, Canada
$54.8M +$24.8M +204,130 +85%
MBI
48
Montrusco Bolton Investments
Quebec, Canada
$53.3M +$10.2M +84,332 +23%
Fiera Capital (Canada)
49
Fiera Capital (Canada)
Quebec, Canada
$46.4M +$4.63M +38,097 +11%
GF
50
Gabelli Funds
New York
$46.3M -$5.69M -46,800 -11%

FNV Hedge Fund Activity: Q2 2024 in Review

477 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2024, worth a combined $16B — up 1.2% from $15.8B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of FNV and 49 opened new positions — a net loss of 12 holders — while 169 trimmed existing stakes and 175 added.

The largest buyer was Allspring Global Investments, opening a new position worth an estimated $283M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $72.8M.

  • 477 institutional investors held Franco-Nevada (FNV) as of Q2 2024, down from 499 in Q1 2024.
  • Funds reported $16B of Franco-Nevada stock for Q2 2024, up 1.2% quarter-over-quarter.
  • 49 funds opened new Franco-Nevada positions in Q2 2024 and 61 closed out, a net change of -12 holders.
  • The largest Franco-Nevada buyer in Q2 2024 was Allspring Global Investments, an estimated $283M added.
  • The largest Franco-Nevada seller in Q2 2024 was Manulife (Manufacturers Life Insurance), an estimated $72.8M sold.

Based on aggregated 13F filings for Q2 2024.