Franco-Nevada
639 hedge funds and large institutions have $34.1B invested in Franco-Nevada in 2026 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 208 increasing their positions, 218 reducing their positions, and 59 closing their positions.
68% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 59
35% more funds holding in top 10
Funds holding in top 10: 20 → 27 (+7)
21% more call options, than puts
Call options by funds: $195M | Put options by funds: $161M
16% more capital invested
Capital invested by funds: $29.4B → $34.1B (+$4.64B)
5% more funds holding
Funds holding: 610 → 639 (+29)
5% less repeat investments, than reductions
Existing positions increased: 208 | Existing positions reduced: 218
2.19% less ownership
Funds ownership: 73.48% → 71.3% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$313M |
| 2 |
Two Sigma Investments
New York
|
+$219M |
| 3 |
TWC
TD Waterhouse Canada
Toronto,
Ontario, Canada
|
+$122M |
| 4 |
Jane Street
New York
|
+$113M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$177M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$169M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$147M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$144M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$143M |
FNV Hedge Fund Activity: Q1 2026 in Review
639 of the 8,186 institutional investors tracked by Wall St. Rank reported a position in Franco-Nevada (FNV) for Q1 2026, worth a combined $34.1B — up 16% from $29.4B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new FNV positions and 59 closed out — a net gain of 40 holders — while 208 added to existing stakes and 218 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $313M. The largest seller was Victory Capital Management, cutting an estimated $177M.
- 639 institutional investors held Franco-Nevada (FNV) as of Q1 2026, up from 610 in Q4 2025.
- Funds reported $34.1B of Franco-Nevada stock for Q1 2026, up 16% quarter-over-quarter.
- 99 funds opened new Franco-Nevada positions in Q1 2026 and 59 closed out, a net change of +40 holders.
- The largest Franco-Nevada buyer in Q1 2026 was Fidelity Investments, an estimated $313M added.
- The largest Franco-Nevada seller in Q1 2026 was Victory Capital Management, an estimated $177M sold.
Based on aggregated 13F filings for Q1 2026.