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 ($56.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $116.81. Options: 22 managers hold calls ($300.2m notional), 21 hold puts ($159.2m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 471 |
| Q4 2022 | 488 |
| Q1 2023 | 491 |
| Q2 2023 | 495 |
| Q3 2023 | 495 |
| Q4 2023 | 490 |
| Q1 2024 | 500 |
| Q2 2024 | 480 |
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 |
| Q3 2023 | 185 | 226 |
| Q4 2023 | 205 | 261 |
| Q1 2024 | 230 | 229 |
| Q2 2024 | 220 | 229 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $212.1m | $99.8m | 0.47 |
| Q4 2023 | $269.7m | $165.4m | 0.61 |
| Q1 2024 | $347.1m | $209.3m | 0.60 |
| Q2 2024 | $300.2m | $159.2m | 0.53 |
Biggest buyers
| Allspring Global Investments Holdings, LLC | New | +2.3m |
| Capital World Investors | Added | +2.2m |
| BANK OF MONTREAL /CAN/ | Added | +782.5k |
| FIL Ltd | Added | +718.6k |
| FMR LLC | Added | +713.4k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Added | +706.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | New | +387.5k |
| Orbis Allan Gray Ltd | Added | +287.2k |
| NATIONAL BANK OF CANADA /FI/ | Added | +274.1k |
| Clearbridge Investments, LLC | Added | +269.4k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.3m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -599.5k |
| JPMORGAN CHASE & CO | Reduced | -536.5k |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -526.0k |
| Quadrature Capital Ltd | Reduced | -425.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -362.5k |
| CITADEL ADVISORS LLC | Reduced | -261.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -250.0k |
| CIBC Asset Management Inc | Reduced | -240.5k |
| M&G PLC | Reduced | -222.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $84.9m716.6k shares |
| Waratah Capital Advisors Ltd. | New | $44.1m272.0k shares |
| CITADEL ADVISORS LLC | Added | $41.3m348.2k shares |
| JANE STREET GROUP, LLC | Added | $31.0m261.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $19.4m163.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.8m142.1k shares |
| Caption Management, LLC | Added | $14.8m124.8k shares |
| IMC-Chicago, LLC | Added | $9.8m82.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $7.3m61.6k shares |
| SIG North Trading, ULC | Reduced | $7.2m60.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $50.1m422.4k shares |
| JANE STREET GROUP, LLC | Added | $20.0m168.6k shares |
| D. E. Shaw & Co., Inc. | Reduced | $18.6m156.8k shares |
| CITADEL ADVISORS LLC | Added | $16.5m139.4k shares |
| SIMPLEX TRADING, LLC | Added | $10.9m91.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $10.6m89.5k shares |
| Walleye Capital LLC | Reduced | $6.6m55.3k shares |
| IMC-Chicago, LLC | Added | $5.5m46.4k shares |
| ROYAL BANK OF CANADA | Reduced | $4.7m40.0k shares |
| SIG North Trading, ULC | Reduced | $4.4m37.0k 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 2024
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 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.45% of their portfolio | 12.3m $1.5bn | Added +64.4k |
| FIL Ltd 1.22% of their portfolio | 10.4m $1.2bn | Added +718.6k |
| FMR LLC 0.08% of their portfolio | 10.3m $1.2bn | Added +713.4k |
| VAN ECK ASSOCIATES CORP 1.45% of their portfolio | 8.6m $1.0bn | Added +151.6k |
| VANGUARD GROUP INC 0.02% of their portfolio | 7.5m $891.4m | Added +146.6k |
| Capital World Investors 0.13% of their portfolio | 6.8m $805.7m | Added +2.2m |
| BANK OF MONTREAL /CAN/ 0.20% of their portfolio | 5.7m $673.0m | Added +782.5k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 4.2m $495.2m | Reduced -111.5k |
| JARISLOWSKY, FRASER Ltd 2.47% of their portfolio | 3.4m $407.1m | Reduced -40.2k |
| First Eagle Investment Management, LLC 0.87% of their portfolio | 3.3m $386.6m | Added +47.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.62% of their portfolio | 3.1m $364.3m | Reduced -177.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.36% of their portfolio | 3.1m $363.2m | Reduced -48.1k |
| EdgePoint Investment Group Inc. 2.77% of their portfolio | 2.8m $328.8m | Added +12.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 2.6m $313.4m | Added +189.6k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 2.3m $19.4m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.24% of their portfolio | 2.1m $253.0m | Reduced -599.5k |
| NORGES BANK 0.04% of their portfolio | 2.0m $241.7m | Added +6.5k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.0m $235.7m | Added +193.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.9m $229.7m | Reduced -536.5k |
| Beutel, Goodman & Co Ltd. 1.22% of their portfolio | 1.9m $229.3m | Reduced -29.6k |
| TD Asset Management Inc 0.19% of their portfolio | 1.7m $204.6m | Added +74.1k |
| MACKENZIE FINANCIAL CORP 0.29% of their portfolio | 1.6m $194.4m | Added +25.2k |
| M&G PLC 1.14% of their portfolio | 1.6m $192.8m | Reduced -222.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $174.0m | Reduced -2.3m |
| NATIONAL BANK OF CANADA /FI/ 0.25% of their portfolio | 1.4m $159.2m | Added +274.1k |
| CIBC WORLD MARKET INC. 0.38% of their portfolio | 1.3m $151.1m | Reduced -52.5k |
| Orbis Allan Gray Ltd 0.80% of their portfolio | 1.1m $129.0m | Added +287.2k |
| CIBC Asset Management Inc 0.44% of their portfolio | 1.0m $123.3m | Reduced -240.5k |
| 1832 Asset Management L.P. 0.22% of their portfolio | 1.0m $122.1m | Added +53.1k |
| Legal & General Group Plc 0.03% of their portfolio | 993.5k $117.8m | Reduced -33.8k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 1.90% of their portfolio | 918.6k $108.9m | Added +21.3k |
| Amundi 0.04% of their portfolio | 912.6k $112.0m | Reduced -146.6k |
| BANK OF NOVA SCOTIA 0.21% of their portfolio | 904.4k $107.2m | Reduced -218.2k |
| TWO SIGMA INVESTMENTS, LP 0.24% of their portfolio | 840.8k $99.7m | Reduced -64.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 785.6k $93.5m | Added +24.9k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.52% of their portfolio | 727.7k $86.3m | Added +706.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.35% of their portfolio | 693.6k $82.2m | Added +40.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 662.0k $78.5m | Added +66.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 632.3k $74.9m | Reduced -26.9k |
| Chevy Chase Trust Holdings, LLC 0.24% of their portfolio | 626.8k $74.3m | Added +11.9k |
| TWO SIGMA ADVISERS, LP 0.16% of their portfolio | 598.4k $70.9m | Added +143.0k |
| Swiss National Bank 0.05% of their portfolio | 576.7k $68.3m | Reduced -3.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.38% of their portfolio | 560.6k $66.4m | Unchanged |
| Quadrature Capital Ltd 1.09% of their portfolio | 550.7k $65.2m | Reduced -425.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 532.6k $63.1m | Reduced -219.2k |
| Alberta Investment Management Corp 0.59% of their portfolio | 473.6k $56.1m | Added +19.7k |
| Allianz Asset Management GmbH 0.09% of their portfolio | 464.1k $55.0m | Added +8.6k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.56% of their portfolio | 450.0k $53.3m | Added +84.3k |
| Federation des caisses Desjardins du Quebec 0.29% of their portfolio | 444.1k $54.8m | Added +204.1k |
| Fiera Capital Corp 0.14% of their portfolio | 391.1k $46.4m | Added +38.1k |
| GABELLI FUNDS LLC 0.35% of their portfolio | 390.3k $46.3m | Reduced -46.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 387.5k $45.9m | New |
| TORONTO DOMINION BANK 0.07% of their portfolio | 384.9k $45.6m | Added +157.3k |
| BlackRock Inc. 0.00% of their portfolio | 382.4k $45.3m | Reduced -34.6k |
| Marathon Asset Management Ltd 1.41% of their portfolio | 379.6k $45.0m | Reduced -68.7k |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 343.8k $40.8m | Added +203.4k |
| Invesco Ltd. 0.01% of their portfolio | 336.6k $39.9m | Reduced -31.4k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 275.6k $32.7m | Added +269.4k |
| Cannell & Spears LLC 0.68% of their portfolio | 274.6k $32.5m | Reduced -1.5k |
| Canoe Financial LP 0.58% of their portfolio | 262.1k $31.2m | Unchanged |
| TD Waterhouse Canada Inc. 0.28% of their portfolio | 261.8k $30.9m | Added +289 |
| AXA S.A. 0.05% of their portfolio | 258.1k $30.6m | Added +68.4k |
| Caisse de depot et placement du Quebec 0.07% of their portfolio | 250.7k $29.7m | Added +40.1k |
| QV Investors Inc. 2.78% of their portfolio | 249.9k $29.6m | Added +49.3k |
| Markel Group Inc. 0.29% of their portfolio | 245.0k $29.0m | New |
| Corient Private Wealth LP 0.05% of their portfolio | 226.4k $26.8m | Reduced -1.9k |
| Euro Pacific Asset Management, LLC 5.29% of their portfolio | 225.0k $26.7m | Added +1.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 209.2k $24.8m | Added +8.6k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 205.9k $24.4m | Added +82.4k |
| SPROTT INC. 1.65% of their portfolio | 187.9k $22.3m | Reduced -11.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 184.6k $21.9m | New |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 182.5k $21.6m | Reduced -3.5k |
| UBS Group AG 0.01% of their portfolio | 176.1k $20.9m | Added +105.3k |
| ASHFORD CAPITAL MANAGEMENT INC 2.71% of their portfolio | 169.6k $20.1m | Added +51.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 169.1k $20.0m | Reduced -4.1k |
| Man Group plc 0.05% of their portfolio | 166.2k $19.7m | Added +46.1k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 164.6k $19.5m | Reduced -112.2k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 155.8k $18.5m | Added +6.2k |
| America First Investment Advisors, LLC 4.52% of their portfolio | 155.0k $18.4m | Added +5.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio | 150.0k $17.8m | Reduced -250.0k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 146.0k $17.3m | Reduced -10.8k |
| Baird Financial Group, Inc. 0.04% of their portfolio | 145.2k $17.2m | Added +651 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.27% of their portfolio | 140.5k $16.7m | Reduced -1.4k |
| CORTLAND ASSOCIATES INC/MO 2.10% of their portfolio | 139.9k $16.6m | Added +2 |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 139.6k $16.5m | Added +115.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 137.7k $16.3m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio | 137.6k $16.3m | Added +2.0k |
| Northwest & Ethical Investments L.P. 0.46% of their portfolio | 136.5k $16.2m | Added +20.2k |
| Korea Investment CORP 0.04% of their portfolio | 136.3k $16.2m | Reduced -56.3k |
| Carrhae Capital LLP 2.61% of their portfolio | 134.7k $16.0m | Reduced -20.2k |
| SCOTIA CAPITAL INC. 0.09% of their portfolio | 132.6k $15.7m | Reduced -7.7k |
| St. James Investment Company, LLC 2.74% of their portfolio | 132.2k $15.7m | Reduced -7.2k |
| Progeny 3, Inc. 1.49% of their portfolio | 131.1k $15.5m | Unchanged |
| ARMOR ADVISORS, L.L.C. 12.00% of their portfolio | 127.9k $15.2m | Reduced -1.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 126.1k $14.9m | Reduced -261.3k |
| Bornite Capital Management LP 2.44% of their portfolio | 125.0k $14.8m | Added +25.0k |
| Twin Tree Management, LP 0.42% of their portfolio | 120.1k $14.2m | Reduced -120.1k |
| Annex Advisory Services, LLC 0.49% of their portfolio | 117.3k $13.9m | Reduced -16.4k |
| PALISADE CAPITAL MANAGEMENT, LP 0.37% of their portfolio | 116.3k $13.8m | Reduced -2.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 108.9k $12.9m | Reduced -50.4k |