Franco-Nevada
499 hedge funds and large institutions have $15.8B invested in Franco-Nevada in 2024 Q1 according to their latest regulatory filings, with 70 funds opening new positions, 166 increasing their positions, 174 reducing their positions, and 54 closing their positions.
65% more call options, than puts
Call options by funds: $351M | Put options by funds: $213M
30% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 54
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
2% more funds holding
Funds holding: 488 → 499 (+11)
4% more capital invested
Capital invested by funds: $15.2B → $15.8B (+$610M)
5% less repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 174
2.35% less ownership
Funds ownership: 71.13% → 68.78% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$134M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$126M |
| 3 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$123M |
| 4 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$88.2M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$78.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$323M |
| 2 |
Morgan Stanley
New York
|
-$195M |
| 3 |
Neuberger Berman Group
New York
|
-$163M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$74.7M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$68.7M |
FNV Hedge Fund Activity: Q1 2024 in Review
499 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2024, worth a combined $15.8B — up 4% from $15.2B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new FNV positions and 54 closed out — a net gain of 16 holders — while 166 added to existing stakes and 174 trimmed.
The largest buyer was Massachusetts Financial Services, adding an estimated $134M. The largest seller was Fidelity Investments, cutting an estimated $323M.
- 499 institutional investors held Franco-Nevada (FNV) as of Q1 2024, up from 488 in Q4 2023.
- Funds reported $15.8B of Franco-Nevada stock for Q1 2024, up 4% quarter-over-quarter.
- 70 funds opened new Franco-Nevada positions in Q1 2024 and 54 closed out, a net change of +16 holders.
- The largest Franco-Nevada buyer in Q1 2024 was Massachusetts Financial Services, an estimated $134M added.
- The largest Franco-Nevada seller in Q1 2024 was Fidelity Investments, an estimated $323M sold.
Based on aggregated 13F filings for Q1 2024.