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Franco-Nevada

477 hedge funds and large institutions have $16B invested in Franco-Nevada in 2024 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 175 increasing their positions, 169 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more call options, than puts

Call options by funds: $301M | Put options by funds: $164M

2.32% more ownership

Funds ownership: 68.78%71.09% (+2.3%)

4% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 169

1% more capital invested

Capital invested by funds: $15.8B → $16B (+$190M)

4% less funds holding

Funds holding: 499477 (-22)

20% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 61

25% less funds holding in top 10

Funds holding in top 10: 1612 (-4)

Holders
477
Holders Change
-22
Holders Change %
-4.41%
% of All Funds
6.89%
Holding in Top 10
12
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-25%
% of All Funds
0.17%
New
49
Increased
175
Reduced
169
Closed
61
Calls
$301M
Puts
$164M
Net Calls
+$138M
Net Calls Change
-$617K
Name Holding Trade Value Shares
Change
Change in
Stake
Massachusetts Financial Services
1
Massachusetts Financial Services
Massachusetts
$1.46B +$7.83M +64,429 +0.5%
Fidelity International
2
Fidelity International
Bermuda
$1.23B +$87.3M +718,609 +7%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.22B +$86.7M +713,357 +7%
VanEck Associates
4
VanEck Associates
New York
$1.02B +$18.4M +151,566 +2%
Vanguard Group
5
Vanguard Group
Pennsylvania
$891M +$17.8M +146,649 +2%
Capital World Investors
6
Capital World Investors
California
$806M +$267M +2,197,872 +48%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$673M +$95.1M +782,473 +16%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$495M -$13.5M -111,463 -3%
JFL
9
Jarislowsky, Fraser Ltd
Quebec, Canada
$407M -$4.89M -40,199 -1%
First Eagle Investment Management
10
First Eagle Investment Management
New York
$387M +$5.75M +47,311 +1%
Renaissance Technologies
11
Renaissance Technologies
New York
$364M -$21.6M -177,900 -5%
Victory Capital Management
12
Victory Capital Management
Texas
$363M -$5.85M -48,100 -2%
EIG
13
EdgePoint Investment Group
Ontario, Canada
$329M +$1.55M +12,769 +0.5%
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$313M +$23M +189,585 +8%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$253M -$72.8M -599,476 -22%
Norges Bank
16
Norges Bank
Norway
$242M +$785K +6,460 +0.3%
Bank of America
17
Bank of America
North Carolina
$236M +$23.5M +193,127 +11%
BGC
18
Beutel, Goodman & Co
Ontario, Canada
$229M -$3.6M -29,590 -2%
TD Asset Management
19
TD Asset Management
Ontario, Canada
$205M +$9.01M +74,145 +4%
Mackenzie Financial
20
Mackenzie Financial
Ontario, Canada
$194M +$3.07M +25,233 +2%
MGP
21
M&G plc
United Kingdom
$193M -$27M -222,009 -12%
Morgan Stanley
22
Morgan Stanley
New York
$174M +$23.8M +195,838 +15%
National Bank of Canada
23
National Bank of Canada
Quebec, Canada
$159M +$33.3M +274,069 +25%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$151M -$6.38M -52,467 -4%
OAG
25
Orbis Allan Gray
Bermuda
$129M +$34.9M +287,169 +36%

FNV Hedge Fund Activity: Q2 2024 in Review

477 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q2 2024, worth a combined $16B — up 1.2% from $15.8B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of FNV and 49 opened new positions — a net loss of 12 holders — while 169 trimmed existing stakes and 175 added.

The largest buyer was Allspring Global Investments, opening a new position worth an estimated $283M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $72.8M.

  • 477 institutional investors held Franco-Nevada (FNV) as of Q2 2024, down from 499 in Q1 2024.
  • Funds reported $16B of Franco-Nevada stock for Q2 2024, up 1.2% quarter-over-quarter.
  • 49 funds opened new Franco-Nevada positions in Q2 2024 and 61 closed out, a net change of -12 holders.
  • The largest Franco-Nevada buyer in Q2 2024 was Allspring Global Investments, an estimated $283M added.
  • The largest Franco-Nevada seller in Q2 2024 was Manulife (Manufacturers Life Insurance), an estimated $72.8M sold.

Based on aggregated 13F filings for Q2 2024.