Franco-Nevada
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, 61 increasing their positions, 61 reducing their positions, and 22 closing their positions.
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)
0% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 61
3.58% less ownership
Funds ownership: 73.41% → 69.83% (-3.6%)
14% less capital invested
Capital invested by funds: $4.89B → $4.19B (-$698M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$50.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$33.5M |
| 3 |
RA
Royce & Associates
New York
|
+$31.1M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$25.1M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$176M |
| 2 |
O
OppenheimerFunds
New York
|
-$80.5M |
| 3 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
-$60.1M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$52.8M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$19M |
FNV Hedge Fund Activity: Q4 2013 in Review
172 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2013, worth a combined $4.19B — down 14% from $4.89B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FNV positions and 22 closed out — a net gain of 7 holders — while 61 added to existing stakes and 61 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 14% 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.