Franco-Nevada
485 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, 175 increasing their positions, 168 reducing their positions, and 62 closing their positions.
31% more funds holding in top 10
Funds holding in top 10: 13 → 17 (+4)
1.17% more ownership
Funds ownership: 70.6% → 71.77% (+1.2%)
4% more repeat investments, than reductions
Existing positions increased: 175 | 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: 489 → 485 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$204M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$106M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$102M |
| 4 |
Millennium Management
New York
|
+$92M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$138M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$138M |
| 3 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$118M |
| 4 |
Morgan Stanley
New York
|
-$78.7M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$64.8M |
FNV Hedge Fund Activity: Q4 2024 in Review
485 of the 7,606 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 175 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.
- 485 institutional investors held Franco-Nevada (FNV) as of Q4 2024, down from 489 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.