Franco-Nevada
446 hedge funds and large institutions have $16B invested in Franco-Nevada in 2020 Q4 according to their latest regulatory filings, with 63 funds opening new positions, 168 increasing their positions, 148 reducing their positions, and 56 closing their positions.
26% more call options, than puts
Call options by funds: $197M | Put options by funds: $156M
14% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 148
13% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 56
1% more funds holding
Funds holding: 443 → 446 (+3)
0.68% more ownership
Funds ownership: 66.03% → 66.71% (+0.68%)
9% less capital invested
Capital invested by funds: $17.7B → $16B (-$1.61B)
14% less funds holding in top 10
Funds holding in top 10: 22 → 19 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
+$93.9M |
| 2 |
VanEck Associates
New York
|
+$71.9M |
| 3 |
Two Sigma Investments
New York
|
+$65.1M |
| 4 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
+$59.2M |
| 5 |
TAM
Troy Asset Management
London,
United Kingdom
|
+$56.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$70.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$64.2M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$58M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$53.5M |
| 5 |
WJWM
Williams Jones Wealth Management
New York
|
-$34.9M |
FNV Hedge Fund Activity: Q4 2020 in Review
446 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2020, worth a combined $16B — down 9.1% from $17.7B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new FNV positions and 56 closed out — a net gain of 7 holders — while 168 added to existing stakes and 148 trimmed.
The largest buyer was APG Asset Management, adding an estimated $93.9M. The largest seller was Thornburg Investment Management, cutting an estimated $70.5M.
- 446 institutional investors held Franco-Nevada (FNV) as of Q4 2020, up from 443 in Q3 2020.
- Funds reported $16B of Franco-Nevada stock for Q4 2020, down 9.1% quarter-over-quarter.
- 63 funds opened new Franco-Nevada positions in Q4 2020 and 56 closed out, a net change of +7 holders.
- The largest Franco-Nevada buyer in Q4 2020 was APG Asset Management, an estimated $93.9M added.
- The largest Franco-Nevada seller in Q4 2020 was Thornburg Investment Management, an estimated $70.5M sold.
Based on aggregated 13F filings for Q4 2020.