Franco-Nevada
199 hedge funds and large institutions have $4.55B invested in Franco-Nevada in 2015 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 59 increasing their positions, 79 reducing their positions, and 26 closing their positions.
44% more call options, than puts
Call options by funds: $69.9M | Put options by funds: $48.6M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
19% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 26
2% more funds holding
Funds holding: 196 → 199 (+3)
5.13% less ownership
Funds ownership: 70.92% → 65.79% (-5.1%)
14% less capital invested
Capital invested by funds: $5.3B → $4.55B (-$750M)
25% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$235M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$146M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$43.3M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$37.5M |
| 5 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$30.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
BlackRock Group
London,
United Kingdom
|
-$498M |
| 2 |
BlackRock
New York
|
-$154M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$112M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$86.3M |
| 5 |
VanEck Associates
New York
|
-$56.2M |
FNV Hedge Fund Activity: Q3 2015 in Review
199 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2015, worth a combined $4.55B — down 14% from $5.3B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FNV positions and 26 closed out — a net gain of 5 holders — while 59 added to existing stakes and 79 trimmed.
The largest buyer was First Eagle Investment Management, adding an estimated $235M. The largest seller was BlackRock Group, exiting entirely with an estimated $498M sold.
- 199 institutional investors held Franco-Nevada (FNV) as of Q3 2015, up from 196 in Q2 2015.
- Funds reported $4.55B of Franco-Nevada stock for Q3 2015, down 14% quarter-over-quarter.
- 31 funds opened new Franco-Nevada positions in Q3 2015 and 26 closed out, a net change of +5 holders.
- The largest Franco-Nevada buyer in Q3 2015 was First Eagle Investment Management, an estimated $235M added.
- The largest Franco-Nevada seller in Q3 2015 was BlackRock Group, an estimated $498M sold.
Based on aggregated 13F filings for Q3 2015.