Franco-Nevada
493 hedge funds and large institutions have $18.8B invested in Franco-Nevada in 2023 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 156 increasing their positions, 170 reducing their positions, and 47 closing their positions.
108% more call options, than puts
Call options by funds: $260M | Put options by funds: $125M
9% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 47
0% more funds holding
Funds holding: 491 → 493 (+2)
0.31% more ownership
Funds ownership: 68.24% → 68.54% (+0.31%)
2% less capital invested
Capital invested by funds: $19.2B → $18.8B (-$358M)
8% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 170
22% less funds holding in top 10
Funds holding in top 10: 23 → 18 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$295M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$132M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$53.5M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$51.3M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$49.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$161M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$84.5M |
| 3 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$62.5M |
| 4 |
Millennium Management
New York
|
-$40.5M |
| 5 |
M1FG
Mach-1 Financial Group
Rogers,
Arkansas
|
-$30.6M |
FNV Hedge Fund Activity: Q2 2023 in Review
493 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2023, worth a combined $18.8B — down 1.9% from $19.2B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new FNV positions and 47 closed out — a net gain of 4 holders — while 156 added to existing stakes and 170 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $295M. The largest seller was Bank of America, cutting an estimated $161M.
- 493 institutional investors held Franco-Nevada (FNV) as of Q2 2023, up from 491 in Q1 2023.
- Funds reported $18.8B of Franco-Nevada stock for Q2 2023, down 1.9% quarter-over-quarter.
- 51 funds opened new Franco-Nevada positions in Q2 2023 and 47 closed out, a net change of +4 holders.
- The largest Franco-Nevada buyer in Q2 2023 was Fidelity Investments, an estimated $295M added.
- The largest Franco-Nevada seller in Q2 2023 was Bank of America, an estimated $161M sold.
Based on aggregated 13F filings for Q2 2023.