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Franco-Nevada
FNV

179 hedge funds and large institutions have $4.79B invested in Franco-Nevada in 2014 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 69 increasing their positions, 60 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more call options, than puts

Call options by funds: $57.8M | Put options by funds: $35.3M

45% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 20

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

15% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 60

14% more capital invested

Capital invested by funds: $4.19B → $4.79B (+$601M)

4% more funds holding

Funds holding: 172 → 179 (+7)

0.63% more ownership

Funds ownership: 69.83% → 70.47% (+0.63%)

Holders
179
Holders Change
+7
Holders Change %
+4.07%
% of All Funds
5.17%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
29
Increased
69
Reduced
60
Closed
20
Calls
$57.8M
Puts
$35.3M
Net Calls
+$22.5M
Net Calls Change
+$4.64M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$115M
2
PIC
PCJ Investment Counsel
Ontario, Canada
+$47.5M
3
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$41.4M
4
BG
BlackRock Group
United Kingdom
+$24.6M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$20M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$88.1M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$45M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$33.9M
4
Franklin Resources
Franklin Resources
California
-$27.5M
5
RA
Royce & Associates
New York
-$22.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$771M +$115M +2,390,849 +17%
BG
2
BlackRock Group
United Kingdom
$630M +$24.6M +513,198 +4%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$516M -$45M -937,550 -8%
VanEck Associates
4
VanEck Associates
New York
$397M +$3.79M +79,034 +0.9%
Connor, Clark & Lunn Investment Management (CC&L)
5
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$193M +$41.4M +862,106 +29%
Norges Bank
6
Norges Bank
Norway
$139M +$369K +7,686 +0.3%
BlackRock
7
BlackRock
New York
$132M +$11M +229,034 +9%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$126M +$1.35M +28,193 +1%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$96.6M -$2.07M -43,140 -2%
BIT
10
BlackRock Institutional Trust
California
$94.2M +$1.8M +37,451 +2%
Fiera Capital (Canada)
11
Fiera Capital (Canada)
Quebec, Canada
$87.5M -$33.9M -707,090 -27%
O
12
OppenheimerFunds
New York
$87.3M +$1.05M +21,850 +1%
Franklin Resources
13
Franklin Resources
California
$86.6M -$27.5M -573,195 -23%
APG Asset Management
14
APG Asset Management
Netherlands
$69.6M +$111K +2,322 +0.2%
Public Sector Pension Investment Board (PSP Investments)
15
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$62.2M -$18.8M -390,900 -22%
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$61.2M +$20M +417,473 +46%
Swiss National Bank
17
Swiss National Bank
Switzerland
$60.3M +$1.16M +24,100 +2%
Canada Life
18
Canada Life
Manitoba, Canada
$51.9M +$4.91M +102,364 +10%
PIC
19
PCJ Investment Counsel
Ontario, Canada
$51M +$47.5M +990,700 +7,740%
AIMCA
20
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$50.1M +$739K +15,400 +2%
Ninety One (UK)
21
Ninety One (UK)
United Kingdom
$45.6M +$15.9M +332,420 +51%
First Eagle Investment Management
22
First Eagle Investment Management
New York
$44.5M – – –
Deutsche Bank
23
Deutsche Bank
Germany
$43.3M -$88.1M -1,836,341 -66%
GCC
24
Guardian Capital (Canada)
Ontario, Canada
$43.2M -$9.76M -203,404 -18%
Caisse de Depot et Placement du Quebec (CDPQ)
25
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$40.8M -$3.08M -64,113 -7%
1
2 3 4 5

FNV Hedge Fund Activity: Q1 2014 in Review

179 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2014, worth a combined $4.79B — up 14% from $4.19B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new FNV positions and 20 closed out — a net gain of 9 holders — while 69 added to existing stakes and 60 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $115M. The largest seller was Deutsche Bank, cutting an estimated $88.1M.

  • 179 institutional investors held Franco-Nevada (FNV) as of Q1 2014, up from 172 in Q4 2013.
  • Funds reported $4.79B of Franco-Nevada stock for Q1 2014, up 14% quarter-over-quarter.
  • 29 funds opened new Franco-Nevada positions in Q1 2014 and 20 closed out, a net change of +9 holders.
  • The largest Franco-Nevada buyer in Q1 2014 was Fidelity Investments, an estimated $115M added.
  • The largest Franco-Nevada seller in Q1 2014 was Deutsche Bank, an estimated $88.1M sold.

Based on aggregated 13F filings for Q1 2014.