Franco-Nevada
240 hedge funds and large institutions have $6.85B invested in Franco-Nevada in 2016 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 83 increasing their positions, 80 reducing their positions, and 31 closing their positions.
19% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 31
4% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 80
1.13% less ownership
Funds ownership: 65.23% → 64.1% (-1.1%)
2% less funds holding
Funds holding: 244 → 240 (-4)
16% less capital invested
Capital invested by funds: $8.15B → $6.85B (-$1.3B)
25% less call options, than puts
Call options by funds: $64.5M | Put options by funds: $85.5M
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$124M |
| 2 |
VanEck Associates
New York
|
+$91.3M |
| 3 |
CGI
CI Global Investments
Oakland,
California
|
+$76.4M |
| 4 |
Renaissance Technologies
New York
|
+$34.9M |
| 5 |
O
OppenheimerFunds
New York
|
+$29.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$165M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$132M |
| 3 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
-$93.8M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$83.5M |
| 5 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
-$45.5M |
FNV Hedge Fund Activity: Q4 2016 in Review
240 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2016, worth a combined $6.85B — down 16% from $8.15B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FNV positions and 31 closed out — a net gain of 6 holders — while 83 added to existing stakes and 80 trimmed.
The largest buyer was Beutel, Goodman & Co, opening a new position worth an estimated $124M. The largest seller was Fidelity Investments, cutting an estimated $165M.
- 240 institutional investors held Franco-Nevada (FNV) as of Q4 2016, down from 244 in Q3 2016.
- Funds reported $6.85B of Franco-Nevada stock for Q4 2016, down 16% quarter-over-quarter.
- 37 funds opened new Franco-Nevada positions in Q4 2016 and 31 closed out, a net change of +6 holders.
- The largest Franco-Nevada buyer in Q4 2016 was Beutel, Goodman & Co, an estimated $124M added.
- The largest Franco-Nevada seller in Q4 2016 was Fidelity Investments, an estimated $165M sold.
Based on aggregated 13F filings for Q4 2016.