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Franco-Nevada
FNV

244 hedge funds and large institutions have $8.32B invested in Franco-Nevada in 2016 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 68 increasing their positions, 102 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 19

29% more call options, than puts

Call options by funds: $98.9M | Put options by funds: $76.5M

3% more funds holding

Funds holding: 237 → 244 (+7)

1.3% less ownership

Funds ownership: 66.53% → 65.23% (-1.3%)

8% less capital invested

Capital invested by funds: $9.04B → $8.32B (-$718M)

27% less funds holding in top 10

Funds holding in top 10: 11 → 8 (-3)

33% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 102

Holders
244
Holders Change
+7
Holders Change %
+2.95%
% of All Funds
6.51%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.21%
New
28
Increased
68
Reduced
102
Closed
19
Calls
$98.9M
Puts
$76.5M
Net Calls
+$22.4M
Net Calls Change
+$64M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$83.2M
2
VanEck Associates
VanEck Associates
New York
+$58.5M
3
OAMG
Odey Asset Management Group
United Kingdom
+$20.6M
4
Deutsche Bank
Deutsche Bank
Germany
+$19M
5
Citadel Advisors
Citadel Advisors
Florida
+$18.5M

Top Sellers

1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$68.5M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$59.8M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$49.2M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$48.8M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$25M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.34B +$83.2M +1,110,810 +6%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$716M -$59.8M -798,353 -7%
VanEck Associates
3
VanEck Associates
New York
$602M +$58.5M +780,204 +10%
First Eagle Investment Management
4
First Eagle Investment Management
New York
$492M -$3.08M -41,171 -0.6%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$417M +$4.56M +60,816 +1%
Connor, Clark & Lunn Investment Management (CC&L)
6
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$278M -$9.92M -132,425 -3%
Vanguard Group
7
Vanguard Group
Pennsylvania
$262M +$7.46M +99,599 +3%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$252M -$25M -333,353 -8%
Norges Bank
9
Norges Bank
Norway
$241M +$2.31M +30,887 +0.9%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$234M -$4.23M -56,493 -2%
CIBC World Market
11
CIBC World Market
Ontario, Canada
$181M +$6.67M +89,068 +4%
SAC
12
Smith Affiliated Capital
New York
$174M – – –
APG Asset Management
13
APG Asset Management
Netherlands
$148M +$361K +4,825 +0.3%
Swiss National Bank
14
Swiss National Bank
Switzerland
$133M -$1.03M -13,800 -0.7%
Deutsche Bank
15
Deutsche Bank
Germany
$132M +$19M +253,346 +16%
Arrowstreet Capital
16
Arrowstreet Capital
Massachusetts
$132M -$48.8M -651,085 -26%
PP
17
Prudential plc
United Kingdom
$126M – – –
TAM
18
Tocqueville Asset Management
New York
$124M -$8.18M -109,120 -6%
Toronto Dominion Bank
19
Toronto Dominion Bank
Ontario, Canada
$124M +$11.4M +152,821 +9%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$96.4M -$2.7M -36,101 -3%
WBC
21
Westpac Banking Corp
Australia
$93.8M +$476K +6,348 +0.5%
Canada Life
22
Canada Life
Manitoba, Canada
$82.8M -$9.28M -123,889 -9%
OAMG
23
Odey Asset Management Group
United Kingdom
$75.3M +$20.6M +275,385 +34%
1832 Asset Management
24
1832 Asset Management
Ontario, Canada
$72.8M -$49.2M -656,883 -39%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$71.8M -$15.4M -206,182 -17%
1
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FNV Hedge Fund Activity: Q3 2016 in Review

244 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2016, worth a combined $8.32B — down 7.9% from $9.04B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FNV positions and 19 closed out — a net gain of 9 holders — while 68 added to existing stakes and 102 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $83.2M. The largest seller was Fiera Capital (Canada), cutting an estimated $68.5M.

  • 244 institutional investors held Franco-Nevada (FNV) as of Q3 2016, up from 237 in Q2 2016.
  • Funds reported $8.32B of Franco-Nevada stock for Q3 2016, down 7.9% quarter-over-quarter.
  • 28 funds opened new Franco-Nevada positions in Q3 2016 and 19 closed out, a net change of +9 holders.
  • The largest Franco-Nevada buyer in Q3 2016 was Fidelity Investments, an estimated $83.2M added.
  • The largest Franco-Nevada seller in Q3 2016 was Fiera Capital (Canada), an estimated $68.5M sold.

Based on aggregated 13F filings for Q3 2016.