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Franco-Nevada

608 hedge funds and large institutions have $29.4B invested in Franco-Nevada in 2025 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 213 increasing their positions, 186 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 55

22% more call options, than puts

Call options by funds: $165M | Put options by funds: $135M

15% more repeat investments, than reductions

Existing positions increased: 213 | Existing positions reduced: 186

7% more funds holding

Funds holding: 570608 (+38)

1.18% more ownership

Funds ownership: 72.31%73.49% (+1.2%)

5% less capital invested

Capital invested by funds: $31B → $29.4B (-$1.63B)

20% less funds holding in top 10

Funds holding in top 10: 2520 (-5)

Holders
608
Holders Change
+38
Holders Change %
+6.67%
% of All Funds
7.4%
Holding in Top 10
20
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-20%
% of All Funds
0.24%
New
105
Increased
213
Reduced
186
Closed
55
Calls
$165M
Puts
$135M
Net Calls
+$29.9M
Net Calls Change
+$5.04M
Name Holding Trade Value Shares
Change
Change in
Stake
Canada Pension Plan Investment Board
26
Canada Pension Plan Investment Board
Ontario, Canada
$245M +$52.1M +257,025 +28%
Amundi
27
Amundi
France
$236M +$25.3M +124,864 +12%
Invesco
28
Invesco
Georgia
$222M +$25.5M +125,816 +13%
Manulife (Manufacturers Life Insurance)
29
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$218M -$77.4M -381,833 -27%
Legal & General Group
30
Legal & General Group
United Kingdom
$217M +$11.7M +57,843 +6%
MGP
31
M&G plc
United Kingdom
$213M -$1.72M -8,471 -0.8%
Goldman Sachs
32
Goldman Sachs
New York
$207M -$4.39M -21,641 -2%
HKAM
33
Horizon Kinetics Asset Management
New York
$201M -$8.98M -44,261 -4%
BGC
34
Beutel, Goodman & Co
Ontario, Canada
$193M -$14.6M -72,062 -7%
Morgan Stanley
35
Morgan Stanley
New York
$188M +$31.3M +154,297 +21%
JP Morgan Chase
36
JP Morgan Chase
New York
$173M -$36.8M -181,691 -18%
Two Sigma Advisers
37
Two Sigma Advisers
New York
$167M -$30.2M -148,802 -16%
Bank of America
38
Bank of America
North Carolina
$163M +$6.29M +31,036 +4%
CIBC Asset Management
39
CIBC Asset Management
Ontario, Canada
$144M -$25.1M -123,584 -15%
SI
40
Scharf Investments
California
$143M +$19.2M +94,465 +16%
MG
41
Markel Group
Virginia
$142M +$15.8M +78,000 +13%
ClearBridge Investments
42
ClearBridge Investments
New York
$134M -$4.45M -21,950 -3%
PMAM
43
Picton Mahoney Asset Management
Ontario, Canada
$131M +$8.01M +39,497 +7%
TI
44
Tidal Investments
Wisconsin
$127M +$24.4M +120,181 +24%
BCIM
45
British Columbia Investment Management
British Columbia, Canada
$127M +$38M +187,299 +44%
Toronto Dominion Bank
46
Toronto Dominion Bank
Ontario, Canada
$118M +$13M +64,236 +13%
Swiss National Bank
47
Swiss National Bank
Switzerland
$106M -$8.84M -43,600 -8%
Chevy Chase Trust
48
Chevy Chase Trust
Maryland
$101M +$3.3M +16,285 +3%
Bank of Nova Scotia
49
Bank of Nova Scotia
Ontario, Canada
$95.7M -$29.8M -146,978 -24%
Charles Schwab
50
Charles Schwab
California
$91.4M +$1.08M +5,303 +1%