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Franco-Nevada

637 hedge funds and large institutions have $34B invested in Franco-Nevada in 2026 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 206 increasing their positions, 218 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 57

35% more funds holding in top 10

Funds holding in top 10: 2027 (+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 → $34B (+$4.61B)

5% more funds holding

Funds holding: 608637 (+29)

6% less repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 218

2.25% less ownership

Funds ownership: 73.49%71.23% (-2.3%)

Holders
637
Holders Change
+29
Holders Change %
+4.77%
% of All Funds
7.85%
Holding in Top 10
27
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+35%
% of All Funds
0.33%
New
99
Increased
206
Reduced
218
Closed
57
Calls
$195M
Puts
$161M
Net Calls
+$33.4M
Net Calls Change
+$3.56M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$5.35B +$313M +1,265,010 +6%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$2.82B -$147M -595,389 -5%
VanEck Associates
3
VanEck Associates
New York
$1.87B +$27.2M +109,963 +1%
Fidelity International
4
Fidelity International
Bermuda
$1.46B -$30.1M -121,648 -2%
VCM
5
Vanguard Capital Management
Pennsylvania
$1.37B +$1.37B +5,549,187 New
First Eagle Investment Management
6
First Eagle Investment Management
New York
$1.31B +$37.4M +151,093 +3%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$1.27B -$30.4M -122,948 -2%
Capital World Investors
8
Capital World Investors
California
$1.23B -$58.7M -237,439 -5%
EIG
9
EdgePoint Investment Group
Ontario, Canada
$857M +$27.3M +110,222 +3%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$741M +$47.1M +190,322 +7%
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$645M +$1.85M +7,470 +0.3%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$605M +$34.3M +138,791 +6%
Renaissance Technologies
13
Renaissance Technologies
New York
$548M -$64.1M -259,200 -10%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$489M +$668K +2,702 +0.1%
TD Asset Management
15
TD Asset Management
Ontario, Canada
$478M -$5.5M -22,228 -1%
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$444M -$169M -681,417 -27%
Arrowstreet Capital
17
Arrowstreet Capital
Massachusetts
$441M -$144M -582,284 -25%
Deutsche Bank
18
Deutsche Bank
Germany
$428M -$38.8M -156,684 -8%
VFT
19
Vanguard Fiduciary Trust
Pennsylvania
$417M +$417M +1,684,025 New
Capital Research Global Investors
20
Capital Research Global Investors
California
$401M +$84.9M +343,343 +27%
National Bank of Canada
21
National Bank of Canada
Quebec, Canada
$331M +$13.3M +53,927 +4%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$327M -$9.16M -37,011 -3%
Two Sigma Investments
23
Two Sigma Investments
New York
$319M +$219M +886,640 +218%
Amundi
24
Amundi
France
$294M +$12.5M +50,455 +4%
Canada Pension Plan Investment Board
25
Canada Pension Plan Investment Board
Ontario, Canada
$293M