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Franco-Nevada
FNV

172 hedge funds and large institutions have $4.19B invested in Franco-Nevada in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 60 increasing their positions, 62 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more call options, than puts

Call options by funds: $49.3M | Put options by funds: $31.4M

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

32% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 22

4% more funds holding

Funds holding: 166 → 172 (+6)

3% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 62

2.3% less ownership

Funds ownership: 72.14% → 69.83% (-2.3%)

13% less capital invested

Capital invested by funds: $4.81B → $4.19B (-$612M)

Holders
172
Holders Change
+6
Holders Change %
+3.61%
% of All Funds
4.99%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
29
Increased
60
Reduced
62
Closed
22
Calls
$49.3M
Puts
$31.4M
Net Calls
+$17.9M
Net Calls Change
-$16.6M

Top Buyers

1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$50.5M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$33.5M
3
RA
Royce & Associates
New York
+$31.1M
4
Norges Bank
Norges Bank
Norway
+$25.1M
5
GF
Gabelli Funds
New York
+$20.6M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$176M
2
GCC
Guardian Capital (Canada)
Ontario, Canada
-$60.1M
3
Deutsche Bank
Deutsche Bank
Germany
-$52.8M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$19M
5
TAM
Tocqueville Asset Management
New York
-$17.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
151
Creative Planning
Kansas
$52K -$2.44K -58 -4%
OMCS
152
Old Mutual Customised Solutions
South Africa
$45K – – –
TCOV
153
Trust Company of Vermont
Vermont
$45K – – –
PNC Financial Services Group
154
PNC Financial Services Group
Pennsylvania
$31K -$35.9K -854 -53%
First Manhattan
155
First Manhattan
New York
$24K – – –
RFA
156
Reilly Financial Advisors
California
$21K +$21.3K +508 New
AIG
157
American International Group
New York
$20.8K – – –
MFS
158
MSI Financial Services
Massachusetts
$12K +$12.5K +298 New
FA
159
Financial Advantage
Maryland
$11K +$2.1K +50 +22%
WA
160
WFG Advisors
Texas
$10K +$2.14K +51 +25%
TFA
161
Transamerica Financial Advisors
Florida
$9K -$6.26K -149 -40%
SEC
162
Seven Eight Capital
New York
$8K +$8.4K +200 New
VIA
163
Vantage Investment Advisors
Pennsylvania
$8K +$8.4K +200 New
CFS
164
Community Financial System
New York
$5K – – –
Envestnet Asset Management
165
Envestnet Asset Management
Illinois
$5K – – –
ASN
166
Advisory Services Network
Georgia
$5K +$5.46K +130 New
S
167
SignatureFD
Georgia
$4K – – –
TCM
168
Tradewinds Capital Management
Washington
$4K +$4.2K +100 New
TWA
169
TCI Wealth Advisors
Arizona
$3K -$3.53K -84 -55%
DADC
170
D.A. Davidson & Co
Montana
$3K – – –
LIA
171
LS Investment Advisors
Michigan
$3K – – –
Manulife (Manufacturers Life Insurance)
172
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.57K – – –
TAM
173
Tocqueville Asset Management
New York
– -$17.8M -393,950 Closed
AC
174
Allstate Corporation
Illinois
– -$2.45M -53,970 Closed
Alyeska Investment Group
175
Alyeska Investment Group
Illinois
– -$2.26M -50,000 Closed
4 5 6
7
8

FNV Hedge Fund Activity: Q4 2013 in Review

172 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2013, worth a combined $4.19B — down 13% from $4.81B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new FNV positions and 22 closed out — a net gain of 7 holders — while 60 added to existing stakes and 62 trimmed.

The largest buyer was Fiera Capital (Canada), adding an estimated $50.5M. The largest seller was Fidelity Investments, cutting an estimated $176M.

  • 172 institutional investors held Franco-Nevada (FNV) as of Q4 2013, up from 166 in Q3 2013.
  • Funds reported $4.19B of Franco-Nevada stock for Q4 2013, down 13% quarter-over-quarter.
  • 29 funds opened new Franco-Nevada positions in Q4 2013 and 22 closed out, a net change of +7 holders.
  • The largest Franco-Nevada buyer in Q4 2013 was Fiera Capital (Canada), an estimated $50.5M added.
  • The largest Franco-Nevada seller in Q4 2013 was Fidelity Investments, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2013.