Franco-Nevada
448 hedge funds and large institutions have $19.4B invested in Franco-Nevada in 2021 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 165 increasing their positions, 136 reducing their positions, and 36 closing their positions.
58% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 36
23% more call options, than puts
Call options by funds: $217M | Put options by funds: $176M
21% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 136
19% more capital invested
Capital invested by funds: $16.3B → $19.4B (+$3.05B)
4% more funds holding
Funds holding: 429 → 448 (+19)
1.73% more ownership
Funds ownership: 67.87% → 69.6% (+1.7%)
6% less funds holding in top 10
Funds holding in top 10: 18 → 17 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$225M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$188M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$136M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$119M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$97.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Swiss National Bank
Zurich,
Switzerland
|
-$97.6M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$83M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$76.7M |
| 4 |
Two Sigma Investments
New York
|
-$71.3M |
| 5 |
Renaissance Technologies
New York
|
-$67.7M |
FNV Hedge Fund Activity: Q2 2021 in Review
448 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2021, worth a combined $19.4B — up 19% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new FNV positions and 36 closed out — a net gain of 21 holders — while 165 added to existing stakes and 136 trimmed.
The largest buyer was Jarislowsky, Fraser Ltd, adding an estimated $225M. The largest seller was Swiss National Bank, cutting an estimated $97.6M.
- 448 institutional investors held Franco-Nevada (FNV) as of Q2 2021, up from 429 in Q1 2021.
- Funds reported $19.4B of Franco-Nevada stock for Q2 2021, up 19% quarter-over-quarter.
- 57 funds opened new Franco-Nevada positions in Q2 2021 and 36 closed out, a net change of +21 holders.
- The largest Franco-Nevada buyer in Q2 2021 was Jarislowsky, Fraser Ltd, an estimated $225M added.
- The largest Franco-Nevada seller in Q2 2021 was Swiss National Bank, an estimated $97.6M sold.
Based on aggregated 13F filings for Q2 2021.