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Franco-Nevada
FNV

473 hedge funds and large institutions have $14.6B invested in Franco-Nevada in 2022 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 161 increasing their positions, 169 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more call options, than puts

Call options by funds: $217M | Put options by funds: $153M

0.32% more ownership

Funds ownership: 67.93% → 68.25% (+0.32%)

5% less repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 169

3% less funds holding

Funds holding: 487 → 473 (-14)

8% less funds holding in top 10

Funds holding in top 10: 24 → 22 (-2)

10% less capital invested

Capital invested by funds: $16.3B → $14.6B (-$1.61B)

13% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 52

Holders
473
Holders Change
-14
Holders Change %
-2.87%
% of All Funds
8.15%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.38%
New
45
Increased
161
Reduced
169
Closed
52
Calls
$217M
Puts
$153M
Net Calls
+$63.6M
Net Calls Change
-$46.4M

Top Buyers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$235M
2
Victory Capital Management
Victory Capital Management
Texas
+$229M
3
Amundi
Amundi
France
+$53.9M
4
Fidelity International
Fidelity International
Bermuda
+$46.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$38.8M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$560M
2
APG Asset Management
APG Asset Management
Netherlands
-$65.5M
3
AIM
Artemis Investment Management
United Kingdom
-$30M
4
BCM
Bornite Capital Management
New York
-$26.3M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$22.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
51
Two Sigma Advisers
New York
$49.1M +$13.8M +109,900 +37%
Millennium Management
52
Millennium Management
New York
$47.9M -$17.7M -140,440 -26%
MAMU
53
Marathon Asset Management (UK)
United Kingdom
$45.5M -$4.95M -39,368 -9%
American Century Companies
54
American Century Companies
Missouri
$44.4M -$2.42M -19,258 -5%
Invesco
55
Invesco
Georgia
$42.8M -$270K -2,151 -0.6%
JAM
56
Jupiter Asset Management
United Kingdom
$37.9M +$33.6M +267,115 +548%
QC
57
Quadrature Capital
United Kingdom
$36.6M +$21.2M +168,600 +125%
GF
58
Gabelli Funds
New York
$36.5M +$3.11M +24,700 +9%
Canada Life
59
Canada Life
Manitoba, Canada
$34.3M +$204K +1,626 +0.6%
Neuberger Berman Group
60
Neuberger Berman Group
New York
$33.4M +$881K +7,009 +3%
CAMG
61
CWA Asset Management Group
Florida
$33.2M -$5.62M -44,718 -14%
Allianz Asset Management
62
Allianz Asset Management
Germany
$29.7M -$9.7M -77,181 -24%
Goldman Sachs
63
Goldman Sachs
New York
$29.6M +$8.86M +70,484 +40%
Bank of New York Mellon
64
Bank of New York Mellon
New York
$27.7M -$5.62M -44,737 -16%
TAM
65
Telemark Asset Management
Massachusetts
$27.5M -$6.29M -50,000 -18%
IIM
66
Intact Investment Management
Quebec, Canada
$27M -$13.6M -108,050 -40%
AII
67
AGF Investments Inc
Ontario, Canada
$26.5M +$15.2M +121,050 +120%
DPRC
68
Deer Park Road Corp
Colorado
$26.3M +$2.51M +20,000 +10%
SI
69
Sprott Inc
Ontario, Canada
$25.3M -$1.56M -12,408 -6%
CAM
70
Cidel Asset Management
Ontario, Canada
$24.9M – – –
CC
71
Cannell & Co
New York
$24.7M -$388K -3,090 -1%
RJA
72
Raymond James & Associates
Florida
$24.4M -$1.42M -11,302 -5%
CI Investments Inc
73
CI Investments Inc
Ontario, Canada
$23.4M – – –
National Bank of Canada
74
National Bank of Canada
Quebec, Canada
$22.1M +$2.55M +20,271 +12%
OBGC
75
O'Brien Greene & Co
Pennsylvania
$21.7M +$15.5M +123,676 +212%
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FNV Hedge Fund Activity: Q3 2022 in Review

473 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2022, worth a combined $14.6B — down 9.9% from $16.3B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of FNV and 45 opened new positions — a net loss of 7 holders — while 169 trimmed existing stakes and 161 added.

The largest buyer was Bank of Montreal, adding an estimated $235M. The largest seller was T. Rowe Price Associates, cutting an estimated $560M.

  • 473 institutional investors held Franco-Nevada (FNV) as of Q3 2022, down from 487 in Q2 2022.
  • Funds reported $14.6B of Franco-Nevada stock for Q3 2022, down 9.9% quarter-over-quarter.
  • 45 funds opened new Franco-Nevada positions in Q3 2022 and 52 closed out, a net change of -7 holders.
  • The largest Franco-Nevada buyer in Q3 2022 was Bank of Montreal, an estimated $235M added.
  • The largest Franco-Nevada seller in Q3 2022 was T. Rowe Price Associates, an estimated $560M sold.

Based on aggregated 13F filings for Q3 2022.