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Franco-Nevada

488 hedge funds and large institutions have $15.2B invested in Franco-Nevada in 2023 Q4 according to their latest regulatory filings, with 75 funds opening new positions, 149 increasing their positions, 186 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more call options, than puts

Call options by funds: $279M | Put options by funds: $176M

1.68% more ownership

Funds ownership: 69.45%71.13% (+1.7%)

0% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 75

1% less funds holding

Funds holding: 491488 (-3)

15% less capital invested

Capital invested by funds: $17.9B → $15.2B (-$2.76B)

20% less repeat investments, than reductions

Existing positions increased: 149 | Existing positions reduced: 186

22% less funds holding in top 10

Funds holding in top 10: 1814 (-4)

Holders
488
Holders Change
-3
Holders Change %
-0.61%
% of All Funds
7.11%
Holding in Top 10
14
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-22.22%
% of All Funds
0.2%
New
75
Increased
149
Reduced
186
Closed
75
Calls
$279M
Puts
$176M
Net Calls
+$103M
Net Calls Change
-$8.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.38B -$497M -4,088,408 -25%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$1.22B +$68.9M +566,539 +5%
Fidelity International
3
Fidelity International
Bermuda
$1.01B +$80.2M +659,324 +8%
VanEck Associates
4
VanEck Associates
New York
$973M +$96M +789,070 +10%
Vanguard Group
5
Vanguard Group
Pennsylvania
$803M +$17M +139,826 +2%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$503M +$18.7M +153,664 +4%
Capital World Investors
7
Capital World Investors
California
$496M +$171M +1,405,731 +46%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$470M -$51.3M -421,576 -9%
Renaissance Technologies
9
Renaissance Technologies
New York
$422M +$55.5M +456,411 +14%
JFL
10
Jarislowsky, Fraser Ltd
Quebec, Canada
$383M +$61.8M +508,318 +17%
First Eagle Investment Management
11
First Eagle Investment Management
New York
$349M +$108M +891,164 +39%
Morgan Stanley
12
Morgan Stanley
New York
$337M +$303M +2,491,326 +450%
Victory Capital Management
13
Victory Capital Management
Texas
$299M +$1.61M +13,225 +0.5%
TD Asset Management
14
TD Asset Management
Ontario, Canada
$259M +$11.9M +98,112 +4%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$246M +$109M +895,612 +68%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$224M -$167M -1,376,433 -40%
Norges Bank
17
Norges Bank
Norway
$221M +$99.5K +818 +0%
MGIM
18
M&G Investment Management
United Kingdom
$216M +$67M +550,855 +40%
EIG
19
EdgePoint Investment Group
Ontario, Canada
$182M -$659K -5,421 -0.3%
QC
20
Quadrature Capital
United Kingdom
$175M +$121M +992,875 +171%
CIBC World Market
21
CIBC World Market
Ontario, Canada
$171M +$18.8M +154,869 +11%
Neuberger Berman Group
22
Neuberger Berman Group
New York
$167M -$10.7M -88,024 -6%
National Bank of Canada
23
National Bank of Canada
Quebec, Canada
$164M +$8.49M +69,787 +5%
Mackenzie Financial
24
Mackenzie Financial
Ontario, Canada
$163M +$24.1M +198,144 +16%
Bank of America
25
Bank of America
North Carolina
$162M +$9.48M +77,965 +6%

FNV Hedge Fund Activity: Q4 2023 in Review

488 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2023, worth a combined $15.2B — down 15% from $17.9B a quarter earlier.

Fund positioning in FNV was balanced in Q4 2023: 75 funds opened new positions, 75 closed out, 149 added to existing stakes and 186 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $303M. The largest seller was Fidelity Investments, cutting an estimated $497M.

  • 488 institutional investors held Franco-Nevada (FNV) as of Q4 2023, down from 491 in Q3 2023.
  • Funds reported $15.2B of Franco-Nevada stock for Q4 2023, down 15% quarter-over-quarter.
  • 75 funds opened new Franco-Nevada positions in Q4 2023 and 75 closed out, a net change of 0 holders.
  • The largest Franco-Nevada buyer in Q4 2023 was Morgan Stanley, an estimated $303M added.
  • The largest Franco-Nevada seller in Q4 2023 was Fidelity Investments, an estimated $497M sold.

Based on aggregated 13F filings for Q4 2023.