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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
Allianz Asset Management
51
Allianz Asset Management
Germany
$88.9M +$8.64M +42,612 +11%
Two Sigma Investments
52
Two Sigma Investments
New York
$84.3M -$22.1M -109,199 -21%
AF
53
Aviso Financial
Ontario, Canada
$82.5M +$7.73M +38,135 +11%
Connor, Clark & Lunn Investment Management (CC&L)
54
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$78.3M -$87.7M -432,402 -53%
Fiera Capital (Canada)
55
Fiera Capital (Canada)
Quebec, Canada
$74.6M -$7.63M -37,600 -9%
GGHC
56
Gilder Gagnon Howe & Co
New York
$70.7M -$1.51M -7,459 -2%
American Century Companies
57
American Century Companies
Missouri
$66.5M +$13.9M +68,494 +27%
CC
58
Carrhae Capital
United Kingdom
$60.9M +$36.9M +181,718 +162%
MSC
59
MUFG Securities (Canada)
New York
$60.9M -$5.14M -25,343 -8%
MAMU
60
Marathon Asset Management (UK)
United Kingdom
$59.9M -$3.65M -17,982 -6%
TWC
61
TD Waterhouse Canada
Ontario, Canada
$58.6M +$1.74M +8,590 +3%
AC
62
Addenda Capital
Quebec, Canada
$57.9M +$19.3M +95,405 +88%
UBS Group
63
UBS Group
Switzerland
$55.3M +$1.33M +6,578 +3%
Dimensional Fund Advisors
64
Dimensional Fund Advisors
Texas
$55M -$1.17M -5,772 -2%
BDLIB
65
Banque de Luxembourg Investments (BLI)
Luxembourg
$53.5M -$4.7M -23,200 -8%
D.E. Shaw & Co
66
D.E. Shaw & Co
New York
$49.9M +$25.8M +127,386 +113%
SI
67
Sprott Inc
Ontario, Canada
$49.3M -$576K -2,839 -1%
BlackRock
68
BlackRock
New York
$48.2M +$1.73M +8,553 +4%
Corient Private Wealth
69
Corient Private Wealth
Florida
$47.5M +$4.38M +21,585 +10%
QI
70
QV Investors
Alberta, Canada
$47M -$3.56M -17,578 -7%
CG
71
Carmignac Gestion
France
$46.7M +$40.6M +200,376 +797%
EPAM
72
Euro Pacific Asset Management
Puerto Rico
$46.7M +$576K +2,838 +1%
B
73
BennBridge
United Kingdom
$45.4M -$4.81M -23,700 -10%
SJIC
74
St. James Investment Company
Texas
$44.6M -$333K -1,640 -0.8%
CF
75
Covea Finance
France
$43.3M -$6.65M -32,800 -14%