Franco-Nevada
354 hedge funds and large institutions have $13.1B invested in Franco-Nevada in 2019 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 123 increasing their positions, 103 reducing their positions, and 20 closing their positions.
205% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 20
36% more funds holding in top 10
Funds holding in top 10: 14 → 19 (+5)
19% more repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 103
17% more capital invested
Capital invested by funds: $11.2B → $13.1B (+$1.95B)
9% more funds holding
Funds holding: 325 → 354 (+29)
1.65% more ownership
Funds ownership: 65.25% → 66.9% (+1.7%)
82% less call options, than puts
Call options by funds: $118M | Put options by funds: $650M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$358M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$129M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$53.3M |
| 4 |
VanEck Associates
New York
|
+$48.9M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$46.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$102M |
| 2 |
PP
Prudential plc
London, England,
United Kingdom
|
-$91.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$88.5M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$39.4M |
| 5 |
AC
Addenda Capital
Montreal,
Quebec, Canada
|
-$36.8M |
FNV Hedge Fund Activity: Q4 2019 in Review
354 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2019, worth a combined $13.1B — up 17% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new FNV positions and 20 closed out — a net gain of 41 holders — while 123 added to existing stakes and 103 trimmed.
The largest buyer was Massachusetts Financial Services, adding an estimated $358M. The largest seller was Bank of Montreal, cutting an estimated $102M.
- 354 institutional investors held Franco-Nevada (FNV) as of Q4 2019, up from 325 in Q3 2019.
- Funds reported $13.1B of Franco-Nevada stock for Q4 2019, up 17% quarter-over-quarter.
- 61 funds opened new Franco-Nevada positions in Q4 2019 and 20 closed out, a net change of +41 holders.
- The largest Franco-Nevada buyer in Q4 2019 was Massachusetts Financial Services, an estimated $358M added.
- The largest Franco-Nevada seller in Q4 2019 was Bank of Montreal, an estimated $102M sold.
Based on aggregated 13F filings for Q4 2019.