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Franco-Nevada

428 hedge funds and large institutions have $16.2B invested in Franco-Nevada in 2021 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 147 increasing their positions, 149 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more call options, than puts

Call options by funds: $185M | Put options by funds: $116M

1.16% more ownership

Funds ownership: 66.71%67.87% (+1.2%)

2% more capital invested

Capital invested by funds: $15.9B → $16.2B (+$273M)

1% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 149

4% less funds holding

Funds holding: 446428 (-18)

5% less funds holding in top 10

Funds holding in top 10: 1918 (-1)

21% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 66

Holders
428
Holders Change
-18
Holders Change %
-4.04%
% of All Funds
7.52%
Holding in Top 10
18
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.26%
% of All Funds
0.32%
New
52
Increased
147
Reduced
149
Closed
66
Calls
$185M
Puts
$116M
Net Calls
+$69M
Net Calls Change
+$27.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.8B +$1.06M +8,776 +0.1%
VanEck Associates
2
VanEck Associates
New York
$1.13B +$60.7M +504,500 +6%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$997M +$167M +1,383,808 +21%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$866M +$6.38M +52,967 +0.8%
Fidelity International
5
Fidelity International
Bermuda
$855M +$167M +1,389,449 +26%
Capital World Investors
6
Capital World Investors
California
$770M -$45.2M -375,255 -6%
Vanguard Group
7
Vanguard Group
Pennsylvania
$734M +$17.4M +144,837 +3%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$677M +$112M +926,261 +21%
Renaissance Technologies
9
Renaissance Technologies
New York
$606M -$84.9M -705,200 -13%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$545M -$45M -373,943 -8%
Manulife (Manufacturers Life Insurance)
11
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$288M -$134M -1,116,756 -38%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$277M +$66.9M +556,136 +34%
TAM
13
Troy Asset Management
United Kingdom
$252M +$25.9M +215,329 +12%
First Eagle Investment Management
14
First Eagle Investment Management
New York
$240M +$1.56M +12,932 +0.7%
APG Asset Management
15
APG Asset Management
Netherlands
$221M +$3.08M +25,558 +1%
EIG
16
EdgePoint Investment Group
Ontario, Canada
$215M +$200M +1,658,559 +2,606%
CIBC Asset Management
17
CIBC Asset Management
Ontario, Canada
$202M +$59.1M +490,852 +44%
Bank of Nova Scotia
18
Bank of Nova Scotia
Ontario, Canada
$201M -$572K -4,753 -0.3%
CIBC World Market
19
CIBC World Market
Ontario, Canada
$188M -$5.56M -46,189 -3%
Swiss National Bank
20
Swiss National Bank
Switzerland
$187M -$4.44M -36,900 -2%
BGC
21
Beutel, Goodman & Co
Ontario, Canada
$180M +$56.2M +467,208 +48%
TD Asset Management
22
TD Asset Management
Ontario, Canada
$179M -$71.6M -595,120 -29%
UBS AM
23
UBS AM
Illinois
$168M +$861K +7,154 +0.5%
Norges Bank
24
Norges Bank
Norway
$163M +$8M +66,421 +5%
Fiera Capital (Canada)
25
Fiera Capital (Canada)
Quebec, Canada
$157M -$1.23M -10,231 -0.8%

FNV Hedge Fund Activity: Q1 2021 in Review

428 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2021, worth a combined $16.2B — up 1.7% from $15.9B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of FNV and 52 opened new positions — a net loss of 14 holders — while 149 trimmed existing stakes and 147 added.

The largest buyer was EdgePoint Investment Group, adding an estimated $200M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $134M.

  • 428 institutional investors held Franco-Nevada (FNV) as of Q1 2021, down from 446 in Q4 2020.
  • Funds reported $16.2B of Franco-Nevada stock for Q1 2021, up 1.7% quarter-over-quarter.
  • 52 funds opened new Franco-Nevada positions in Q1 2021 and 66 closed out, a net change of -14 holders.
  • The largest Franco-Nevada buyer in Q1 2021 was EdgePoint Investment Group, an estimated $200M added.
  • The largest Franco-Nevada seller in Q1 2021 was Manulife (Manufacturers Life Insurance), an estimated $134M sold.

Based on aggregated 13F filings for Q1 2021.