Franco-Nevada
179 hedge funds and large institutions have $4.8B 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.
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 → $4.8B (+$603M)
4% more funds holding
Funds holding: 172 → 179 (+7)
0.63% more ownership
Funds ownership: 69.83% → 70.47% (+0.63%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$115M |
| 2 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
+$47.5M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$41.4M |
| 4 |
BG
BlackRock Group
London,
United Kingdom
|
+$24.6M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$20M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$88.1M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$45M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$33.9M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$27.5M |
| 5 |
RA
Royce & Associates
New York
|
-$22.9M |
FNV Hedge Fund Activity: Q1 2014 in Review
179 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2014, worth a combined $4.8B — 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 $4.8B 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.