Franco-Nevada
325 hedge funds and large institutions have $11.2B invested in Franco-Nevada in 2019 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 114 increasing their positions, 105 reducing their positions, and 22 closing their positions.
114% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 22
40% more funds holding in top 10
Funds holding in top 10: 10 → 14 (+4)
8% more funds holding
Funds holding: 301 → 325 (+24)
7% more capital invested
Capital invested by funds: $10.4B → $11.2B (+$770M)
9% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 105
0.15% less ownership
Funds ownership: 65.4% → 65.25% (-0.15%)
47% less call options, than puts
Call options by funds: $192M | Put options by funds: $359M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$181M |
| 2 |
Renaissance Technologies
New York
|
+$67.2M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$60.7M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$47.3M |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$40.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$412M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$77.7M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$63.1M |
| 4 |
First Eagle Investment Management
New York
|
-$62.5M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$59.5M |
FNV Hedge Fund Activity: Q3 2019 in Review
325 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q3 2019, worth a combined $11.2B — up 7.4% from $10.4B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new FNV positions and 22 closed out — a net gain of 25 holders — while 114 added to existing stakes and 105 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $181M. The largest seller was T. Rowe Price Associates, cutting an estimated $412M.
- 325 institutional investors held Franco-Nevada (FNV) as of Q3 2019, up from 301 in Q2 2019.
- Funds reported $11.2B of Franco-Nevada stock for Q3 2019, up 7.4% quarter-over-quarter.
- 47 funds opened new Franco-Nevada positions in Q3 2019 and 22 closed out, a net change of +25 holders.
- The largest Franco-Nevada buyer in Q3 2019 was Bank of Montreal, an estimated $181M added.
- The largest Franco-Nevada seller in Q3 2019 was T. Rowe Price Associates, an estimated $412M sold.
Based on aggregated 13F filings for Q3 2019.