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Franco-Nevada

234 hedge funds and large institutions have $7.41B invested in Franco-Nevada in 2016 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 89 increasing their positions, 63 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 312 (+9)

139% more call options, than puts

Call options by funds: $156M | Put options by funds: $65.1M

135% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 20

58% more capital invested

Capital invested by funds: $4.68B → $7.41B (+$2.72B)

41% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 63

13% more funds holding

Funds holding: 207234 (+27)

1% more ownership

Funds ownership: 64.56%65.56% (+1%)

Holders
234
Holders Change
+27
Holders Change %
+13.04%
% of All Funds
6.24%
Holding in Top 10
12
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+300%
% of All Funds
0.32%
New
47
Increased
89
Reduced
63
Closed
20
Calls
$156M
Puts
$65.1M
Net Calls
+$90.4M
Net Calls Change
+$60.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.13B +$320M +5,971,136 +48%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$708M -$185M -3,452,624 -23%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$432M +$515K +9,604 +0.1%
VanEck Associates
4
VanEck Associates
New York
$386M +$70.4M +1,312,612 +26%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$303M +$40M +746,156 +18%
Norges Bank
6
Norges Bank
Norway
$262M -$41.8M -779,418 -16%
Connor, Clark & Lunn Investment Management (CC&L)
7
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$240M -$40M -745,901 -16%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$219M +$58.2M +1,085,445 +44%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$215M +$18.6M +347,525 +11%
Vanguard Group
10
Vanguard Group
Pennsylvania
$201M +$45.8M +854,367 +35%
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$189M +$58.9M +1,097,840 +148%
CIBC World Market
12
CIBC World Market
Ontario, Canada
$154M +$18.5M +344,423 +16%
SAC
13
Smith Affiliated Capital
New York
$136M
APG Asset Management
14
APG Asset Management
Netherlands
$117M -$4.05M -75,562 -5%
PP
15
Prudential plc
United Kingdom
$111M +$30.3M +565,310 +46%
Swiss National Bank
16
Swiss National Bank
Switzerland
$104M +$16M +297,600 +20%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$95.5M +$32M +596,314 +64%
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$95.1M +$12.7M +236,551 +18%
WBC
19
Westpac Banking Corp
Australia
$93.1M -$49.5M -922,638 -38%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$90.1M +$39.6M +738,788 +102%
Fiera Capital (Canada)
21
Fiera Capital (Canada)
Quebec, Canada
$86.1M -$10.4M -193,047 -12%
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$75.5M +$65.7M +1,223,611 New
Deutsche Bank
23
Deutsche Bank
Germany
$72.8M +$14M +260,120 +28%
CBOA
24
Commonwealth Bank of Australia
Australia
$61.6M +$18.2M +338,370 +51%
JP Morgan Chase
25
JP Morgan Chase
New York
$60.8M -$6.56M -122,210 -11%

FNV Hedge Fund Activity: Q1 2016 in Review

234 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2016, worth a combined $7.41B — up 58% from $4.68B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new FNV positions and 20 closed out — a net gain of 27 holders — while 89 added to existing stakes and 63 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $320M. The largest seller was T. Rowe Price Associates, cutting an estimated $185M.

  • 234 institutional investors held Franco-Nevada (FNV) as of Q1 2016, up from 207 in Q4 2015.
  • Funds reported $7.41B of Franco-Nevada stock for Q1 2016, up 58% quarter-over-quarter.
  • 47 funds opened new Franco-Nevada positions in Q1 2016 and 20 closed out, a net change of +27 holders.
  • The largest Franco-Nevada buyer in Q1 2016 was Fidelity Investments, an estimated $320M added.
  • The largest Franco-Nevada seller in Q1 2016 was T. Rowe Price Associates, an estimated $185M sold.

Based on aggregated 13F filings for Q1 2016.