FRANCO NEV CORP FNV
COM · Common Stock · CUSIP 351858105 · ISIN CA3518581051
- SectorMaterials
- IndustryGold and Silver Ores
- HeadquartersToronto, Canada
- Founded2007
- Websitefranco-nevada.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($69.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $143.05. Options: 18 managers hold calls ($259.0m notional), 15 hold puts ($125.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 471 |
| Q4 2022 | 488 |
| Q1 2023 | 491 |
| Q2 2023 | 495 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 214 | 215 |
| Q1 2023 | 223 | 212 |
| Q2 2023 | 198 | 216 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $224.0m | $151.9m | 0.68 |
| Q4 2022 | $252.9m | $205.9m | 0.81 |
| Q1 2023 | $335.2m | $217.3m | 0.65 |
| Q2 2023 | $259.0m | $125.2m | 0.48 |
Biggest buyers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +881.8k |
| TORONTO DOMINION BANK | Added | +678.4k |
| BESSEMER GROUP INC | Added | +356.4k |
| NORGES BANK | Added | +342.0k |
| FIL Ltd | Added | +328.8k |
| Man Group plc | New | +272.8k |
| Driehaus Capital Management LLC | New | +262.6k |
| VANGUARD GROUP INC | Added | +138.9k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +132.5k |
| BRADLEY FOSTER & SARGENT INC/CT | Added | +123.6k |
Biggest sellers
| FMR LLC | Reduced | -12.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.1m |
| MACKENZIE FINANCIAL CORP | Reduced | -563.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Reduced | -416.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -269.6k |
| Man Group plc | Sold out | -222.9k |
| Quadrature Capital Ltd | Reduced | -183.8k |
| Capital World Investors | Reduced | -175.1k |
| VAN ECK ASSOCIATES CORP | Reduced | -151.0k |
| JARISLOWSKY, FRASER Ltd | Reduced | -141.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $99.7m698.9k shares |
| CITADEL ADVISORS LLC | Reduced | $29.9m209.9k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $28.5m199.9k shares |
| PEAK6 Investments LLC | Reduced | $19.0m133.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $15.0m105.5k shares |
| JANE STREET GROUP, LLC | Reduced | $12.0m84.2k shares |
| D. E. Shaw & Co., Inc. | New | $10.7m75.4k shares |
| BANK OF MONTREAL /CAN/ | Unchanged | $7.4m50.0k shares |
| UBS Group AG | Added | $7.1m49.8k shares |
| Walleye Trading LLC | Added | $5.9m41.1k shares |
Biggest puts
| D. E. Shaw & Co., Inc. | Reduced | $29.9m210.0k shares |
| CITADEL ADVISORS LLC | Reduced | $28.6m200.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.6m165.8k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $18.0m126.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.2m57.4k shares |
| SIG North Trading, ULC | Reduced | $5.3m37.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $3.0m21.0k shares |
| Walleye Trading LLC | Reduced | $3.0m20.9k shares |
| UBS Group AG | Reduced | $1.3m9.2k shares |
| Walleye Capital LLC | Added | $1.2m8.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +1.0 pts · filed 2026-05-06 | 11.2% |
| BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-10-27 | 6.2% |
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.20% of their portfolio | 16.4m $2.3bn | Reduced -12.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.49% of their portfolio | 10.4m $1.5bn | Added +35.8k |
| VAN ECK ASSOCIATES CORP 2.55% of their portfolio | 8.2m $1.2bn | Reduced -151.0k |
| FIL Ltd 1.27% of their portfolio | 7.9m $1.1bn | Added +328.8k |
| VANGUARD GROUP INC 0.02% of their portfolio | 7.0m $997.1m | Added +138.9k |
| BANK OF MONTREAL /CAN/ 0.24% of their portfolio | 4.5m $662.5m | Added +34.2k |
| ROYAL BANK OF CANADA 0.17% of their portfolio | 4.4m $623.0m | Reduced -59.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.72% of their portfolio | 3.5m $499.2m | Added +27.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.28% of their portfolio | 3.5m $495.3m | Added +881.8k |
| JARISLOWSKY, FRASER Ltd 2.53% of their portfolio | 3.0m $425.9m | Reduced -141.3k |
| Capital World Investors 0.07% of their portfolio | 2.6m $368.0m | Reduced -175.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.39% of their portfolio | 2.5m $352.9m | Added +98.5k |
| TD Asset Management Inc 0.36% of their portfolio | 2.2m $317.2m | Added +3.4k |
| First Eagle Investment Management, LLC 0.80% of their portfolio | 2.2m $311.8m | Added +68.5k |
| NORGES BANK 0.06% of their portfolio | 2.0m $281.1m | Added +342.0k |
| M&G INVESTMENT MANAGEMENT LTD 1.43% of their portfolio | 1.7m $240.0m | Added +31.1k |
| EdgePoint Investment Group Inc. 2.15% of their portfolio | 1.7m $239.8m | Added +5.8k |
| BANK OF NOVA SCOTIA 0.62% of their portfolio | 1.7m $236.7m | Added +48.5k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 1.6m $228.9m | Reduced -1.1m |
| NEUBERGER BERMAN GROUP LLC 0.20% of their portfolio | 1.6m $227.1m | Added +11.5k |
| Connor, Clark & Lunn Investment Management Ltd. 1.13% of their portfolio | 1.6m $226.8m | Reduced -55.5k |
| CIBC Asset Management Inc 0.87% of their portfolio | 1.6m $223.0m | Added +10.6k |
| MACKENZIE FINANCIAL CORP 0.32% of their portfolio | 1.5m $208.3m | Reduced -563.0k |
| CIBC WORLD MARKET INC. 0.71% of their portfolio | 1.5m $207.1m | Reduced -7.7k |
| TORONTO DOMINION BANK 0.15% of their portfolio | 1.4m $207.8m | Added +678.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.14% of their portfolio | 1.4m $203.2m | Added +98.2k |
| NATIONAL BANK OF CANADA /FI/ 0.38% of their portfolio | 1.3m $189.9m | Reduced -69.1k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.3m $188.6m | Reduced -102.5k |
| Amundi 0.09% of their portfolio | 1.2m $176.0m | Reduced -16.6k |
| Troy Asset Management Ltd 4.66% of their portfolio | 1.1m $159.2m | Reduced -338 |
| Legal & General Group Plc 0.05% of their portfolio | 1.0m $148.5m | Added +54.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 3.10% of their portfolio | 1.0m $143.3m | Reduced -32.9k |
| 1832 Asset Management L.P. 0.25% of their portfolio | 887.1k $126.5m | Reduced -1.4k |
| Fiera Capital Corp 0.35% of their portfolio | 857.5k $122.4m | Reduced -21.2k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 846.5k $120.7m | Added +31.1k |
| Chevy Chase Trust Holdings, LLC 0.44% of their portfolio | 828.2k $118.1m | Reduced -1.4k |
| Beutel, Goodman & Co Ltd. 0.65% of their portfolio | 808.5k $115.4m | Added +4.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 767.6k $109.5m | Added +132.5k |
| Swiss National Bank 0.07% of their portfolio | 721.4k $102.9m | Reduced -48.4k |
| MORGAN STANLEY 0.01% of their portfolio | 661.1k $94.3m | Reduced -46.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 656.6k $93.4m | Added +38.3k |
| Navera Investment Management Ltd. 2.13% of their portfolio | 579.1k $82.6m | Reduced -10.4k |
| Caisse de depot et placement du Quebec 0.21% of their portfolio | 561.2k $80.1m | Reduced -121.9k |
| Employees Provident Fund Board 1.84% of their portfolio | 545.6k $77.8m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 542.3k $77.3m | Reduced -47.6k |
| Alberta Investment Management Corp 0.71% of their portfolio | 519.3k $74.1m | Added +39.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 505.5k $72.1m | Reduced -109.8k |
| BESSEMER GROUP INC 0.15% of their portfolio | 488.2k $69.6m | Added +356.4k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 476.9k $68.0m | Reduced -119.9k |
| CWA Asset Management Group, LLC 4.37% of their portfolio | 445.9k $63.6m | Reduced -2.2k |
| Invesco Ltd. 0.02% of their portfolio | 439.2k $62.6m | Added +53.3k |
| SEGALL BRYANT & HAMILL, LLC 0.61% of their portfolio | 412.1k $58.8m | Reduced -2.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.50% of their portfolio | 371.3k $52.9m | Reduced -416.5k |
| Marathon Asset Management Ltd 1.45% of their portfolio | 361.6k $51.6m | Reduced -7.7k |
| Addenda Capital Inc. 2.35% of their portfolio | 296.8k $56.0m | Added +21.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 280.8k $40.0m | Added +16.1k |
| Man Group plc 0.12% of their portfolio | 272.8k $38.9m | New |
| GABELLI FUNDS LLC 0.29% of their portfolio | 269.2k $38.4m | Reduced -30.7k |
| TD Waterhouse Canada Inc. 0.51% of their portfolio | 268.0k $51.2m | Reduced -21.9k |
| Quadrature Capital Ltd 0.83% of their portfolio | 265.3k $37.8m | Reduced -183.8k |
| Driehaus Capital Management LLC 0.47% of their portfolio | 262.6k $37.4m | New |
| Federation des caisses Desjardins du Quebec 0.39% of their portfolio | 261.2k $39.4m | Added +14.1k |
| Canoe Financial LP 0.78% of their portfolio | 259.8k $37.0m | Reduced -10.8k |
| CIDEL ASSET MANAGEMENT INC 1.58% of their portfolio | 244.7k $34.9m | Added +1.8k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 242.7k $34.6m | Reduced -37.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 237.4k $33.9m | Added +3.9k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 226.4k $32.2m | Reduced -36.2k |
| Telemark Asset Management, LLC 4.35% of their portfolio | 225.0k $32.1m | Reduced -25.0k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 219.7k $31.4m | Reduced -22.6k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 216.1k $30.8m | Reduced -80.7k |
| APG Asset Management N.V. 0.06% of their portfolio | 211.5k $27.7m | Reduced -37.8k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 207.0k $29.5m | Added +239 |
| Credential Qtrade Securities Inc. 1.83% of their portfolio | 204.1k $29.1m | Added +8.6k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 198.9k $28.4m | Reduced -124.8k |
| CITIGROUP INC 0.04% of their portfolio | 190.8k $27.2m | Added +8.3k |
| SPROTT INC. 2.45% of their portfolio | 188.8k $26.9m | Added +2.0k |
| Cannell & Co. 0.86% of their portfolio | 182.2k $26.0m | Reduced -5.8k |
| Progeny 3, Inc. 3.92% of their portfolio | 181.4k $25.9m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 179.7k $25.6m | Reduced -64.1k |
| AXA S.A. 0.08% of their portfolio | 164.9k $23.5m | Added +24.9k |
| Cannell & Spears LLC 1.88% of their portfolio | 161.9k $23.1m | Added +426 |
| Waratah Capital Advisors Ltd. 1.10% of their portfolio | 153.1k $21.8m | Reduced -113.5k |
| Baird Financial Group, Inc. 0.06% of their portfolio | 152.8k $21.8m | Reduced -1.9k |
| BRADLEY FOSTER & SARGENT INC/CT 0.45% of their portfolio | 151.4k $21.6m | Added +123.6k |
| CORTLAND ASSOCIATES INC/MO 3.44% of their portfolio | 149.7k $21.3m | Reduced -4.3k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.36% of their portfolio | 142.7k $20.3m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.06% of their portfolio | 141.6k $20.2m | Added +29.3k |
| America First Investment Advisors, LLC 5.24% of their portfolio | 136.8k $19.5m | Reduced -455 |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 136.4k $19.5m | Reduced -17.1k |
| AGF MANAGEMENT LTD 0.14% of their portfolio | 133.5k $19.0m | Added +4.6k |
| PALISADE CAPITAL MANAGEMENT, LP 0.50% of their portfolio | 133.1k $19.0m | Reduced -19.8k |
| Triasima Portfolio Management inc. 1.56% of their portfolio | 130.8k $24.7m | Reduced -1.2k |
| SCHWARTZ INVESTMENT COUNSEL INC 0.77% of their portfolio | 127.5k $18.2m | Reduced -5.9k |
| JUPITER ASSET MANAGEMENT LTD 0.19% of their portfolio | 123.8k $17.5m | Added +5.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 122.5k $17.8m | Added +6.2k |
| Korea Investment CORP 0.05% of their portfolio | 122.5k $17.5m | Reduced -53.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 122.1k $17.4m | Added +59.0k |
| ARMOR ADVISORS, L.L.C. 16.82% of their portfolio | 121.1k $17.3m | Reduced -11.1k |
| SCOTIA CAPITAL INC. 0.11% of their portfolio | 118.5k $16.7m | Reduced -15.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 115.2k $16.4m | Added +875 |