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Franco-Nevada

484 hedge funds and large institutions have $16.2B invested in Franco-Nevada in 2024 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 174 increasing their positions, 168 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more funds holding in top 10

Funds holding in top 10: 1317 (+4)

1.16% more ownership

Funds ownership: 70.58%71.74% (+1.2%)

4% more repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 168

3% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 62

1% less funds holding

Funds holding: 488484 (-4)

4% less capital invested

Capital invested by funds: $17B → $16.2B (-$760M)

38% less call options, than puts

Call options by funds: $78.7M | Put options by funds: $127M

Holders
484
Holders Change
-4
Holders Change %
-0.82%
% of All Funds
6.38%
Holding in Top 10
17
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+30.77%
% of All Funds
0.22%
New
64
Increased
174
Reduced
168
Closed
62
Calls
$78.7M
Puts
$127M
Net Calls
-$48.1M
Net Calls Change
-$94.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Massachusetts Financial Services
1
Massachusetts Financial Services
Massachusetts
$1.41B -$5.19M -41,949 -0.3%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$1.16B -$14.2M -115,077 -1%
Fidelity International
3
Fidelity International
Bermuda
$1.07B -$138M -1,115,041 -11%
VanEck Associates
4
VanEck Associates
New York
$1B +$24M +193,968 +2%
Capital World Investors
5
Capital World Investors
California
$934M +$88M +711,591 +10%
Vanguard Group
6
Vanguard Group
Pennsylvania
$917M +$16.4M +132,465 +2%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$622M +$3.77M +30,473 +0.6%
EIG
8
EdgePoint Investment Group
Ontario, Canada
$582M +$204M +1,650,358 +50%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$504M +$49.5M +400,384 +10%
Victory Capital Management
10
Victory Capital Management
Texas
$403M -$8.16M -66,000 -2%
First Eagle Investment Management
11
First Eagle Investment Management
New York
$395M +$13.2M +107,043 +3%
JFL
12
Jarislowsky, Fraser Ltd
Quebec, Canada
$377M -$18.8M -152,215 -5%
Renaissance Technologies
13
Renaissance Technologies
New York
$372M +$2.58M +20,890 +0.7%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$368M -$50.5M -408,446 -12%
MGP
15
M&G plc
United Kingdom
$240M +$45.4M +367,404 +22%
Norges Bank
16
Norges Bank
Norway
$238M +$1.61M +13,042 +0.6%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$229M -$16.8M -136,089 -7%
OAG
18
Orbis Allan Gray
Bermuda
$228M +$106M +855,943 +79%
TD Asset Management
19
TD Asset Management
Ontario, Canada
$212M +$6.03M +48,777 +3%
BGC
20
Beutel, Goodman & Co
Ontario, Canada
$200M -$23.6M -191,176 -10%
National Bank of Canada
21
National Bank of Canada
Quebec, Canada
$185M +$23.5M +189,667 +14%
Mackenzie Financial
22
Mackenzie Financial
Ontario, Canada
$178M -$1.28M -10,388 -0.7%
Two Sigma Advisers
23
Two Sigma Advisers
New York
$159M +$48.4M +391,000 +41%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$141M -$30.2M -244,102 -17%
Arrowstreet Capital
25
Arrowstreet Capital
Massachusetts
$137M +$102M +828,166 +246%

FNV Hedge Fund Activity: Q4 2024 in Review

484 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q4 2024, worth a combined $16.2B — down 4.5% from $17B a quarter earlier.

Buyers outnumbered sellers: 64 funds opened new FNV positions and 62 closed out — a net gain of 2 holders — while 174 added to existing stakes and 168 trimmed.

The largest buyer was EdgePoint Investment Group, adding an estimated $204M. The largest seller was Bank of America, cutting an estimated $138M.

  • 484 institutional investors held Franco-Nevada (FNV) as of Q4 2024, down from 488 in Q3 2024.
  • Funds reported $16.2B of Franco-Nevada stock for Q4 2024, down 4.5% quarter-over-quarter.
  • 64 funds opened new Franco-Nevada positions in Q4 2024 and 62 closed out, a net change of +2 holders.
  • The largest Franco-Nevada buyer in Q4 2024 was EdgePoint Investment Group, an estimated $204M added.
  • The largest Franco-Nevada seller in Q4 2024 was Bank of America, an estimated $138M sold.

Based on aggregated 13F filings for Q4 2024.