Franco-Nevada
428 hedge funds and large institutions have $16.2B invested in Franco-Nevada in 2021 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 147 increasing their positions, 149 reducing their positions, and 66 closing their positions.
60% more call options, than puts
Call options by funds: $185M | Put options by funds: $116M
1.16% more ownership
Funds ownership: 66.71% → 67.87% (+1.2%)
2% more capital invested
Capital invested by funds: $15.9B → $16.2B (+$273M)
1% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 149
4% less funds holding
Funds holding: 446 → 428 (-18)
5% less funds holding in top 10
Funds holding in top 10: 19 → 18 (-1)
21% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$200M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$167M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$167M |
| 4 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$139M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$112M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$134M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$124M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$104M |
| 4 |
Renaissance Technologies
New York
|
-$84.9M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$71.6M |
FNV Hedge Fund Activity: Q1 2021 in Review
428 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2021, worth a combined $16.2B — up 1.7% from $15.9B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of FNV and 52 opened new positions — a net loss of 14 holders — while 149 trimmed existing stakes and 147 added.
The largest buyer was EdgePoint Investment Group, adding an estimated $200M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $134M.
- 428 institutional investors held Franco-Nevada (FNV) as of Q1 2021, down from 446 in Q4 2020.
- Funds reported $16.2B of Franco-Nevada stock for Q1 2021, up 1.7% quarter-over-quarter.
- 52 funds opened new Franco-Nevada positions in Q1 2021 and 66 closed out, a net change of -14 holders.
- The largest Franco-Nevada buyer in Q1 2021 was EdgePoint Investment Group, an estimated $200M added.
- The largest Franco-Nevada seller in Q1 2021 was Manulife (Manufacturers Life Insurance), an estimated $134M sold.
Based on aggregated 13F filings for Q1 2021.