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Franco-Nevada

608 hedge funds and large institutions have $29.4B invested in Franco-Nevada in 2025 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 213 increasing their positions, 186 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 55

22% more call options, than puts

Call options by funds: $165M | Put options by funds: $135M

15% more repeat investments, than reductions

Existing positions increased: 213 | Existing positions reduced: 186

7% more funds holding

Funds holding: 570608 (+38)

1.18% more ownership

Funds ownership: 72.31%73.49% (+1.2%)

5% less capital invested

Capital invested by funds: $31B → $29.4B (-$1.63B)

20% less funds holding in top 10

Funds holding in top 10: 2520 (-5)

Holders
608
Holders Change
+38
Holders Change %
+6.67%
% of All Funds
7.4%
Holding in Top 10
20
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-20%
% of All Funds
0.24%
New
105
Increased
213
Reduced
186
Closed
55
Calls
$165M
Puts
$135M
Net Calls
+$29.9M
Net Calls Change
+$5.04M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$4.21B +$517M +2,550,015 +14%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$2.42B +$4.33M +21,333 +0.2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.73B +$23.1M +113,916 +1%
VanEck Associates
4
VanEck Associates
New York
$1.54B +$171M +842,132 +13%
Fidelity International
5
Fidelity International
Bermuda
$1.25B -$171M -840,872 -12%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.08B -$66.9M -329,835 -6%
Capital World Investors
7
Capital World Investors
California
$1.08B -$563M -2,775,309 -35%
First Eagle Investment Management
8
First Eagle Investment Management
New York
$1.06B +$218M +1,074,257 +27%
EIG
9
EdgePoint Investment Group
Ontario, Canada
$695M -$39.2M -193,111 -5%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$582M +$52.9M +260,793 +10%
Norges Bank
11
Norges Bank
Norway
$579M +$566M +2,791,151 New
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$539M +$341M +1,681,122 +182%
Renaissance Technologies
13
Renaissance Technologies
New York
$514M -$75.3M -371,300 -13%
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$514M -$54.5M -268,508 -10%
Arrowstreet Capital
15
Arrowstreet Capital
Massachusetts
$490M -$83.7M -412,521 -15%
Mackenzie Financial
16
Mackenzie Financial
Ontario, Canada
$479M -$11.6M -57,341 -2%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$412M +$40.1M +197,567 +11%
TD Asset Management
18
TD Asset Management
Ontario, Canada
$407M -$14.4M -71,064 -3%
Deutsche Bank
19
Deutsche Bank
Germany
$392M +$90M +443,839 +31%
GQG Partners
20
GQG Partners
Florida
$362M +$6.11M +30,117 +2%
OAG
21
Orbis Allan Gray
Bermuda
$292M -$1.86M -9,178 -0.6%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$281M +$57.3M +282,413 +26%
National Bank of Canada
23
National Bank of Canada
Quebec, Canada
$269M -$51.2M -252,377 -16%
Capital Research Global Investors
24
Capital Research Global Investors
California
$265M +$130M +639,493 +100%
Victory Capital Management
25
Victory Capital Management
Texas
$248M -$78.9M -389,031 -25%