Franco-Nevada
301 hedge funds and large institutions have $10.4B invested in Franco-Nevada in 2019 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 93 increasing their positions, 111 reducing their positions, and 25 closing their positions.
56% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 25
48% more call options, than puts
Call options by funds: $142M | Put options by funds: $96.5M
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
12% more capital invested
Capital invested by funds: $9.32B → $10.4B (+$1.08B)
3% more funds holding
Funds holding: 292 → 301 (+9)
0.91% less ownership
Funds ownership: 66.31% → 65.4% (-0.91%)
16% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 111
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Prudential plc
London, England,
United Kingdom
|
+$78.5M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$53M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$47.7M |
| 4 |
Renaissance Technologies
New York
|
+$47M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$40M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$68.7M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$63.5M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$59.3M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$56.6M |
| 5 |
Goldman Sachs
New York
|
-$47.7M |
FNV Hedge Fund Activity: Q2 2019 in Review
301 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2019, worth a combined $10.4B — up 12% from $9.32B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new FNV positions and 25 closed out — a net gain of 14 holders — while 93 added to existing stakes and 111 trimmed.
The largest buyer was Prudential plc, opening a new position worth an estimated $78.5M. The largest seller was VanEck Associates, cutting an estimated $68.7M.
- 301 institutional investors held Franco-Nevada (FNV) as of Q2 2019, up from 292 in Q1 2019.
- Funds reported $10.4B of Franco-Nevada stock for Q2 2019, up 12% quarter-over-quarter.
- 39 funds opened new Franco-Nevada positions in Q2 2019 and 25 closed out, a net change of +14 holders.
- The largest Franco-Nevada buyer in Q2 2019 was Prudential plc, an estimated $78.5M added.
- The largest Franco-Nevada seller in Q2 2019 was VanEck Associates, an estimated $68.7M sold.
Based on aggregated 13F filings for Q2 2019.