Franco-Nevada
189 hedge funds and large institutions have $5.47B invested in Franco-Nevada in 2014 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 87 increasing their positions, 53 reducing their positions, and 15 closing their positions.
87% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 15
64% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 53
7% more funds holding
Funds holding: 177 → 189 (+12)
0.55% more ownership
Funds ownership: 74.91% → 75.46% (+0.55%)
4% less call options, than puts
Call options by funds: $55.6M | Put options by funds: $58.1M
14% less capital invested
Capital invested by funds: $6.36B → $5.47B (-$886M)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$91.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$41.7M |
| 3 |
CGI
CI Global Investments
Oakland,
California
|
+$32.6M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$28.7M |
| 5 |
VanEck Associates
New York
|
+$26.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$213M |
| 2 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$65.3M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
-$42.5M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$25.5M |
| 5 |
O
OppenheimerFunds
New York
|
-$25.2M |
FNV Hedge Fund Activity: Q3 2014 in Review
189 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2014, worth a combined $5.47B — down 14% from $6.36B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FNV positions and 15 closed out — a net gain of 13 holders — while 87 added to existing stakes and 53 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $91.9M. The largest seller was Norges Bank, cutting an estimated $213M.
- 189 institutional investors held Franco-Nevada (FNV) as of Q3 2014, up from 177 in Q2 2014.
- Funds reported $5.47B of Franco-Nevada stock for Q3 2014, down 14% quarter-over-quarter.
- 28 funds opened new Franco-Nevada positions in Q3 2014 and 15 closed out, a net change of +13 holders.
- The largest Franco-Nevada buyer in Q3 2014 was T. Rowe Price Associates, an estimated $91.9M added.
- The largest Franco-Nevada seller in Q3 2014 was Norges Bank, an estimated $213M sold.
Based on aggregated 13F filings for Q3 2014.