Franco-Nevada
251 hedge funds and large institutions have $7.65B invested in Franco-Nevada in 2017 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 92 increasing their positions, 82 reducing their positions, and 20 closing their positions.
65% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 20
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
48% more call options, than puts
Call options by funds: $144M | Put options by funds: $97.1M
12% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 82
12% more capital invested
Capital invested by funds: $6.85B → $7.65B (+$807M)
5% more funds holding
Funds holding: 240 → 251 (+11)
1.12% more ownership
Funds ownership: 64.1% → 65.22% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$105M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$104M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
+$69.4M |
| 4 |
VanEck Associates
New York
|
+$42.9M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$37.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$177M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$87.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$24.8M |
| 4 |
Renaissance Technologies
New York
|
-$19.9M |
| 5 |
National Pension Service
Jeonju-Si, Jeollabuk-Do,
South Korea
|
-$14.1M |
FNV Hedge Fund Activity: Q1 2017 in Review
251 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2017, worth a combined $7.65B — up 12% from $6.85B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new FNV positions and 20 closed out — a net gain of 13 holders — while 92 added to existing stakes and 82 trimmed.
The largest buyer was Franklin Resources, adding an estimated $105M. The largest seller was Fidelity Investments, cutting an estimated $177M.
- 251 institutional investors held Franco-Nevada (FNV) as of Q1 2017, up from 240 in Q4 2016.
- Funds reported $7.65B of Franco-Nevada stock for Q1 2017, up 12% quarter-over-quarter.
- 33 funds opened new Franco-Nevada positions in Q1 2017 and 20 closed out, a net change of +13 holders.
- The largest Franco-Nevada buyer in Q1 2017 was Franklin Resources, an estimated $105M added.
- The largest Franco-Nevada seller in Q1 2017 was Fidelity Investments, an estimated $177M sold.
Based on aggregated 13F filings for Q1 2017.