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Franco-Nevada

637 hedge funds and large institutions have $34B invested in Franco-Nevada in 2026 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 206 increasing their positions, 218 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 57

35% more funds holding in top 10

Funds holding in top 10: 2027 (+7)

21% more call options, than puts

Call options by funds: $195M | Put options by funds: $161M

16% more capital invested

Capital invested by funds: $29.4B → $34B (+$4.61B)

5% more funds holding

Funds holding: 608637 (+29)

6% less repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 218

2.25% less ownership

Funds ownership: 73.49%71.23% (-2.3%)

Holders
637
Holders Change
+29
Holders Change %
+4.77%
% of All Funds
7.85%
Holding in Top 10
27
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+35%
% of All Funds
0.33%
New
99
Increased
206
Reduced
218
Closed
57
Calls
$195M
Puts
$161M
Net Calls
+$33.4M
Net Calls Change
+$3.56M
Name Holding Trade Value Shares
Change
Change in
Stake
GQG Partners
26
GQG Partners
Florida
$288M -$143M -579,264 -33%
OAG
27
Orbis Allan Gray
Bermuda
$267M -$81.6M -329,750 -23%
Legal & General Group
28
Legal & General Group
United Kingdom
$262M +$3.83M +15,497 +1%
Invesco
29
Invesco
Georgia
$245M -$19.5M -78,665 -7%
Manulife (Manufacturers Life Insurance)
30
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$244M -$15.8M -63,923 -6%
Goldman Sachs
31
Goldman Sachs
New York
$236M -$10.6M -42,734 -4%
MGP
32
M&G plc
United Kingdom
$220M -$33.6M -135,781 -13%
Morgan Stanley
33
Morgan Stanley
New York
$201M -$23.5M -94,921 -10%
JP Morgan Chase
34
JP Morgan Chase
New York
$200M +$5.54M +22,400 +3%
TWC
35
TD Waterhouse Canada
Ontario, Canada
$194M +$122M +493,035 +173%
VGA
36
Vanguard Global Advisers
Pennsylvania
$190M +$190M +768,763 New
PMAM
37
Picton Mahoney Asset Management
Ontario, Canada
$188M +$31.8M +128,586 +20%
HKAM
38
Horizon Kinetics Asset Management
New York
$187M -$52.2M -210,804 -22%
MG
39
Markel Group
Virginia
$175M +$6.18M +25,000 +4%
Bank of America
40
Bank of America
North Carolina
$174M -$20.3M -82,210 -10%
Swiss National Bank
41
Swiss National Bank
Switzerland
$160M +$34.2M +138,200 +27%
ClearBridge Investments
42
ClearBridge Investments
New York
$155M -$4.62M -18,658 -3%
CIBC Asset Management
43
CIBC Asset Management
Ontario, Canada
$150M -$20.9M -84,354 -12%
TI
44
Tidal Investments
Wisconsin
$149M -$2.71M -10,974 -2%
BGC
45
Beutel, Goodman & Co
Ontario, Canada
$148M -$80.7M -326,166 -35%
SI
46
Scharf Investments
California
$138M -$33.4M -135,074 -20%
Chevy Chase Trust
47
Chevy Chase Trust
Maryland
$131M +$11M +44,620 +9%
Toronto Dominion Bank
48
Toronto Dominion Bank
Ontario, Canada
$127M -$14.2M -57,497 -10%
AF
49
Aviso Financial
Ontario, Canada
$123M +$24.7M +99,864 +25%
Bank of Nova Scotia
50
Bank of Nova Scotia
Ontario, Canada
$120M +$5.84M +23,587 +5%