Franco-Nevada
205 hedge funds and large institutions have $5.56B invested in Franco-Nevada in 2014 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 75 increasing their positions, 67 reducing their positions, and 23 closing their positions.
87% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 23
53% more call options, than puts
Call options by funds: $77.7M | Put options by funds: $50.7M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 67
8% more funds holding
Funds holding: 189 → 205 (+16)
2% more capital invested
Capital invested by funds: $5.47B → $5.56B (+$87.5M)
3.65% less ownership
Funds ownership: 75.46% → 71.81% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Prudential plc
London, England,
United Kingdom
|
+$63.1M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$58.8M |
| 3 |
BlackRock
New York
|
+$55.8M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$40.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$120M |
| 2 |
VanEck Associates
New York
|
-$109M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
-$35.5M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$28.1M |
| 5 |
CGI
CI Global Investments
Oakland,
California
|
-$26.3M |
FNV Hedge Fund Activity: Q4 2014 in Review
205 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2014, worth a combined $5.56B — up 1.6% from $5.47B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new FNV positions and 23 closed out — a net gain of 20 holders — while 75 added to existing stakes and 67 trimmed.
The largest buyer was Prudential plc, opening a new position worth an estimated $63.1M. The largest seller was Fidelity Investments, cutting an estimated $120M.
- 205 institutional investors held Franco-Nevada (FNV) as of Q4 2014, up from 189 in Q3 2014.
- Funds reported $5.56B of Franco-Nevada stock for Q4 2014, up 1.6% quarter-over-quarter.
- 43 funds opened new Franco-Nevada positions in Q4 2014 and 23 closed out, a net change of +20 holders.
- The largest Franco-Nevada buyer in Q4 2014 was Prudential plc, an estimated $63.1M added.
- The largest Franco-Nevada seller in Q4 2014 was Fidelity Investments, an estimated $120M sold.
Based on aggregated 13F filings for Q4 2014.