Franco-Nevada
489 hedge funds and large institutions have $17.9B invested in Franco-Nevada in 2022 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 160 increasing their positions, 173 reducing their positions, and 44 closing their positions.
52% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 44
22% more capital invested
Capital invested by funds: $14.6B → $17.9B (+$3.29B)
22% more call options, than puts
Call options by funds: $254M | Put options by funds: $208M
3% more funds holding
Funds holding: 473 → 489 (+16)
0.05% more ownership
Funds ownership: 68.25% → 68.3% (+0.05%)
0% more funds holding in top 10
Funds holding in top 10: 22 → 22 (0)
8% less repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 173
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$177M |
| 2 |
VanEck Associates
New York
|
+$128M |
| 3 |
Neuberger Berman Group
New York
|
+$127M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$73M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$60.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$284M |
| 2 |
TAM
Troy Asset Management
London,
United Kingdom
|
-$111M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
-$96.6M |
| 4 |
Renaissance Technologies
New York
|
-$76.3M |
| 5 |
Millennium Management
New York
|
-$41.4M |
FNV Hedge Fund Activity: Q4 2022 in Review
489 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2022, worth a combined $17.9B — up 22% from $14.6B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new FNV positions and 44 closed out — a net gain of 23 holders — while 160 added to existing stakes and 173 trimmed.
The largest buyer was National Bank of Canada, adding an estimated $177M. The largest seller was Bank of Montreal, cutting an estimated $284M.
- 489 institutional investors held Franco-Nevada (FNV) as of Q4 2022, up from 473 in Q3 2022.
- Funds reported $17.9B of Franco-Nevada stock for Q4 2022, up 22% quarter-over-quarter.
- 67 funds opened new Franco-Nevada positions in Q4 2022 and 44 closed out, a net change of +23 holders.
- The largest Franco-Nevada buyer in Q4 2022 was National Bank of Canada, an estimated $177M added.
- The largest Franco-Nevada seller in Q4 2022 was Bank of Montreal, an estimated $284M sold.
Based on aggregated 13F filings for Q4 2022.