Franco-Nevada
491 hedge funds and large institutions have $19.2B invested in Franco-Nevada in 2023 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 166 increasing their positions, 164 reducing their positions, and 49 closing their positions.
55% more call options, than puts
Call options by funds: $340M | Put options by funds: $219M
27% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 49
7% more capital invested
Capital invested by funds: $17.9B → $19.2B (+$1.24B)
5% more funds holding in top 10
Funds holding in top 10: 22 → 23 (+1)
1% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 164
0% more funds holding
Funds holding: 489 → 491 (+2)
0.06% less ownership
Funds ownership: 68.3% → 68.24% (-0.06%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$154M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$115M |
| 3 |
Neuberger Berman Group
New York
|
+$47.3M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$35.9M |
| 5 |
Millennium Management
New York
|
+$31.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$116M |
| 2 |
TAM
Troy Asset Management
London,
United Kingdom
|
-$60.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$48.3M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$45.2M |
| 5 |
Morgan Stanley
New York
|
-$39.7M |
FNV Hedge Fund Activity: Q1 2023 in Review
491 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2023, worth a combined $19.2B — up 6.9% from $17.9B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new FNV positions and 49 closed out — a net gain of 13 holders — while 166 added to existing stakes and 164 trimmed.
The largest buyer was Bank of America, adding an estimated $154M. The largest seller was VanEck Associates, cutting an estimated $116M.
- 491 institutional investors held Franco-Nevada (FNV) as of Q1 2023, up from 489 in Q4 2022.
- Funds reported $19.2B of Franco-Nevada stock for Q1 2023, up 6.9% quarter-over-quarter.
- 62 funds opened new Franco-Nevada positions in Q1 2023 and 49 closed out, a net change of +13 holders.
- The largest Franco-Nevada buyer in Q1 2023 was Bank of America, an estimated $154M added.
- The largest Franco-Nevada seller in Q1 2023 was VanEck Associates, an estimated $116M sold.
Based on aggregated 13F filings for Q1 2023.