Franco-Nevada
242 hedge funds and large institutions have $8.55B invested in Franco-Nevada in 2017 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 87 increasing their positions, 81 reducing their positions, and 33 closing their positions.
26% more call options, than puts
Call options by funds: $117M | Put options by funds: $92.7M
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
9% more capital invested
Capital invested by funds: $7.83B → $8.55B (+$729M)
7% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 81
1.67% less ownership
Funds ownership: 65.22% → 63.55% (-1.7%)
4% less funds holding
Funds holding: 251 → 242 (-9)
27% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$92.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$72.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$45.8M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$35.9M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$32.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$190M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$91.6M |
| 3 |
Millennium Management
New York
|
-$29M |
| 4 |
TAM
Troy Asset Management
London,
United Kingdom
|
-$29M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$27.9M |
FNV Hedge Fund Activity: Q2 2017 in Review
242 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2017, worth a combined $8.55B — up 9.3% from $7.83B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of FNV and 24 opened new positions — a net loss of 9 holders — while 81 trimmed existing stakes and 87 added.
The largest buyer was Bank of Montreal, adding an estimated $92.7M. The largest seller was VanEck Associates, cutting an estimated $190M.
- 242 institutional investors held Franco-Nevada (FNV) as of Q2 2017, down from 251 in Q1 2017.
- Funds reported $8.55B of Franco-Nevada stock for Q2 2017, up 9.3% quarter-over-quarter.
- 24 funds opened new Franco-Nevada positions in Q2 2017 and 33 closed out, a net change of -9 holders.
- The largest Franco-Nevada buyer in Q2 2017 was Bank of Montreal, an estimated $92.7M added.
- The largest Franco-Nevada seller in Q2 2017 was VanEck Associates, an estimated $190M sold.
Based on aggregated 13F filings for Q2 2017.