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 ($195.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $210.27. Options: 20 managers hold calls ($143.2m notional), 19 hold puts ($137.0m).
Trends to Q2 2026
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 |
| Q3 2024 | 492 |
| Q4 2024 | 486 |
| Q1 2025 | 526 |
| Q2 2025 | 543 |
| Q3 2025 | 571 |
| Q4 2025 | 613 |
| Q1 2026 | 639 |
| Q2 2026 | 660 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 211 | 210 |
| Q4 2024 | 208 | 231 |
| Q1 2025 | 269 | 204 |
| Q2 2025 | 261 | 221 |
| Q3 2025 | 276 | 241 |
| Q4 2025 | 289 | 237 |
| Q1 2026 | 296 | 276 |
| Q2 2026 | 324 | 258 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $263.6m | $215.4m | 0.82 |
| Q4 2025 | $149.0m | $134.7m | 0.90 |
| Q1 2026 | $194.7m | $161.3m | 0.83 |
| Q2 2026 | $143.2m | $137.0m | 0.96 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +5.3m |
| ROYAL BANK OF CANADA | Added | +1.4m |
| FIL Ltd | Added | +918.8k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +483.0k |
| Point72 Asset Management, L.P. | Added | +329.9k |
| TORONTO DOMINION BANK | Added | +257.7k |
| BANK OF MONTREAL /CAN/ | Added | +253.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +234.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +230.3k |
| CIBC Asset Management Inc | Added | +225.2k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.7m |
| GQG Partners LLC | Sold out | -1.2m |
| MACKENZIE FINANCIAL CORP | Reduced | -849.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -833.9k |
| Capital World Investors | Reduced | -641.1k |
| VAN ECK ASSOCIATES CORP | Reduced | -533.7k |
| VICTORY CAPITAL MANAGEMENT INC | Sold out | -483.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -429.4k |
| TD Asset Management Inc | Reduced | -355.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -314.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $41.0m196.9k shares |
| CITADEL ADVISORS LLC | Reduced | $23.7m113.5k shares |
| IMC-Chicago, LLC | Reduced | $20.7m99.5k shares |
| SIG North Trading, ULC | Reduced | $15.5m74.5k shares |
| JANE STREET GROUP, LLC | Reduced | $12.2m58.7k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $6.4m306 shares |
| Point72 Asset Management, L.P. | Reduced | $4.7m22.5k shares |
| SIMPLEX TRADING, LLC | Added | $2.7m12.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.3m11.1k shares |
| Limestone Investment Advisors LP | New | $2.1m10.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $37.7m180.7k shares |
| IMC-Chicago, LLC | Added | $30.2m145.0k shares |
| JANE STREET GROUP, LLC | Added | $17.9m85.9k shares |
| CITADEL ADVISORS LLC | Reduced | $17.5m84.1k shares |
| SIG North Trading, ULC | Added | $7.2m34.5k shares |
| Point72 Asset Management, L.P. | Reduced | $6.6m31.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $3.4m16.1k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $3.1m15.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $2.7m130 shares |
| GROUP ONE TRADING LLC | Added | $2.3m11.2k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.20% of their portfolio | 21.6m $4.5bn | Added +52.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.75% of their portfolio | 11.0m $2.4bn | Reduced -47.2k |
| First Eagle Investment Management, LLC 1.82% of their portfolio | 10.5m $2.2bn | Added +5.3m |
| VAN ECK ASSOCIATES CORP 0.89% of their portfolio | 7.0m $1.5bn | Reduced -533.7k |
| FIL Ltd 1.02% of their portfolio | 6.8m $1.4bn | Added +918.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 5.6m $1.2bn | Added +70.5k |
| BANK OF MONTREAL /CAN/ 0.41% of their portfolio | 5.4m $1.1bn | Added +253.5k |
| ROYAL BANK OF CANADA 0.15% of their portfolio | 4.4m $908.7m | Added +1.4m |
| Capital World Investors 0.11% of their portfolio | 4.3m $903.2m | Reduced -641.1k |
| EdgePoint Investment Group Inc. 4.98% of their portfolio | 3.2m $658.5m | Reduced -302.0k |
| NORGES BANK 0.06% of their portfolio | 2.8m $581.3m | Not comparable |
| 1832 Asset Management L.P. 0.66% of their portfolio | 2.6m $535.6m | Reduced -40.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.2m $462.7m | Added +230.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.58% of their portfolio | 2.0m $424.6m | Reduced -182.0k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 1.8m $372.4m | Added +54.0k |
| VANGUARD FIDUCIARY TRUST CO 0.08% of their portfolio | 1.7m $354.7m | Added +16.1k |
| Capital Research Global Investors 0.05% of their portfolio | 1.6m $332.8m | Reduced -25.1k |
| MACKENZIE FINANCIAL CORP 0.47% of their portfolio | 1.6m $472.1m | Reduced -849.4k |
| TD Asset Management Inc 0.29% of their portfolio | 1.6m $329.9m | Reduced -355.6k |
| NATIONAL BANK OF CANADA /FI/ 0.27% of their portfolio | 1.5m $308.5m | Added +128.9k |
| Orbis Allan Gray Ltd 0.92% of their portfolio | 1.3m $269.0m | Added +210.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 1.2m $254.5m | Added +38.9k |
| CIBC WORLD MARKET INC. 0.38% of their portfolio | 1.1m $225.7m | Reduced -238.1k |
| M&G PLC 1.15% of their portfolio | 1.1m $230.5m | Added +165.7k |
| Amundi 0.05% of their portfolio | 1.0m $215.3m | Reduced -158.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.0m $210.1m | Added +51.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 962.6k $200.7m | Reduced -833.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 932.5k $193.3m | Added +77.5k |
| Legal & General Group Plc 0.04% of their portfolio | 929.5k $193.9m | Reduced -130.5k |
| Invesco Ltd. 0.02% of their portfolio | 921.3k $192.0m | Reduced -70.5k |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 863.8k $180.1m | Reduced -429.4k |
| CIBC Asset Management Inc 0.38% of their portfolio | 833.0k $173.7m | Added +225.2k |
| TD Waterhouse Canada Inc. 0.45% of their portfolio | 817.3k $172.1m | Added +39.9k |
| Vanguard Global Advisers, LLC 0.08% of their portfolio | 816.3k $170.3m | Added +47.6k |
| Beutel, Goodman & Co Ltd. 1.25% of their portfolio | 813.0k $169.6m | Added +211.7k |
| PICTON MAHONEY ASSET MANAGEMENT 1.53% of their portfolio | 796.1k $165.7m | Added +36.8k |
| Markel Group Inc. 1.23% of their portfolio | 773.5k $161.2m | Added +65.0k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 1.83% of their portfolio | 773.4k $161.2m | Added +16.1k |
| TORONTO DOMINION BANK 0.27% of their portfolio | 771.1k $160.7m | Added +257.7k |
| MORGAN STANLEY 0.01% of their portfolio | 765.7k $159.6m | Reduced -46.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.12% of their portfolio | 736.4k $153.3m | Reduced -249.9k |
| Point72 Asset Management, L.P. 0.22% of their portfolio | 705.9k $147.1m | Added +329.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.25% of their portfolio | 632.5k $131.8m | Added +483.0k |
| Swiss National Bank 0.07% of their portfolio | 623.3k $129.7m | Reduced -25.7k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 610.3k $127.2m | Reduced -18.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 607.3k $126.6m | Reduced -95.8k |
| Chevy Chase Trust Holdings, LLC 0.29% of their portfolio | 541.6k $112.9m | Added +11.5k |
| BANK OF NOVA SCOTIA 0.16% of their portfolio | 491.4k $102.5m | Added +6.0k |
| Scharf Investments, LLC 3.25% of their portfolio | 472.5k $98.5m | Reduced -84.7k |
| Tidal Investments LLC 0.24% of their portfolio | 466.1k $97.2m | Reduced -136.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 463.4k $96.7m | Added +11.0k |
| Select Equity Group, L.P. 0.46% of their portfolio | 416.5k $86.9m | Added +1.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.53% of their portfolio | 403.8k $84.2m | Added +21.6k |
| UBS Group AG 0.01% of their portfolio | 384.5k $80.1m | Reduced -82.5k |
| Aviso Financial Inc. 2.70% of their portfolio | 372.0k $77.6m | Reduced -126.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 351.0k $73.2m | Added +41.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 348.9k $72.7m | Added +105.9k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 325.1k $67.8m | Added +923 |
| GILDER GAGNON HOWE & CO LLC 0.67% of their portfolio | 310.7k $64.8m | Reduced -27.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 307.3k $64.1m | Added +158.4k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 291.0k $60.7m | Added +234.6k |
| Federation des caisses Desjardins du Quebec 0.18% of their portfolio | 290.3k $60.1m | Added +24.6k |
| GROUPAMA ASSET MANAGMENT 0.72% of their portfolio | 275.2k $57.1m | Added +41.0k |
| Public Sector Pension Investment Board 0.15% of their portfolio | 274.2k $57.1m | Added +183.0k |
| MUFG SECURITIES (CANADA), LTD. 1.53% of their portfolio | 272.8k $56.8m | Reduced -13.2k |
| BlackRock, Inc. 0.00% of their portfolio | 253.4k $52.8m | Added +3.3k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 251.7k $62.1m | Reduced -1.6k |
| Marathon Asset Management Ltd 2.13% of their portfolio | 251.0k $52.4m | Reduced -36.7k |
| Fiera Capital Corp 0.19% of their portfolio | 250.2k $52.1m | Reduced -39.6k |
| Euro Pacific Asset Management, LLC 6.10% of their portfolio | 249.2k $53.7m | Reduced -600 |
| SPROTT INC. 1.56% of their portfolio | 226.6k $47.2m | Reduced -665 |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 221.9k $46.3m | Reduced -245.0k |
| St. James Investment Company, LLC 7.14% of their portfolio | 215.8k $45.0m | Added +1.6k |
| Nuveen, LLC 0.01% of their portfolio | 215.0k $44.8m | Added +10.3k |
| QV Investors Inc. 3.40% of their portfolio | 211.6k $44.1m | Reduced -10.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 203.2k $42.4m | Added +8.0k |
| Covea Finance 1.33% of their portfolio | 203.1k $42.2m | Reduced -800 |
| BLI - Banque de Luxembourg Investments 1.48% of their portfolio | 202.0k $42.0m | Reduced -55.5k |
| Navera Investment Management Ltd. 1.09% of their portfolio | 195.0k $40.7m | New |
| Caisse de depot et placement du Quebec 0.06% of their portfolio | 192.0k $40.0m | Added +114.5k |
| BARCLAYS PLC 0.01% of their portfolio | 190.4k $39.7m | Added +86.5k |
| Purpose Unlimited Inc. 1.46% of their portfolio | 181.4k $38.2m | Added +199 |
| Cannell & Spears LLC 0.67% of their portfolio | 180.7k $37.7m | Added +2.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 172.3k $35.9m | Reduced -5.8k |
| Scheer, Rowlett & Associates Investment Management Ltd. 2.57% of their portfolio | 171.8k $35.8m | Added +11.7k |
| Groupe la Francaise 0.44% of their portfolio | 170.0k $35.5m | Added +15.0k |
| Ceredex Value Advisors LLC 0.99% of their portfolio | 169.3k $35.3m | New |
| AVIVA PLC 0.05% of their portfolio | 168.0k $35.0m | Added +1.9k |
| Merewether Investment Management, LP 0.66% of their portfolio | 167.7k $35.0m | Added +23.7k |
| Skerryvore Asset Management Ltd 30.38% of their portfolio | 163.3k $34.0m | Reduced -12.1k |
| Annex Advisory Services, LLC 0.57% of their portfolio | 160.6k $33.5m | Added +66.4k |
| BLAIR WILLIAM & CO/IL 0.08% of their portfolio | 156.2k $32.6m | Reduced -2.0k |
| ANCHOR CAPITAL ADVISORS LLC 0.90% of their portfolio | 153.5k $32.0m | New |
| Jupiter Topco LLC 0.01% of their portfolio | 151.3k $31.5m | First filing |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 150.5k $31.3m | Reduced -4.1k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 148.8k $30.8m | Added +12.4k |
| SCOTIA CAPITAL INC. 0.11% of their portfolio | 145.7k $30.2m | Reduced -7.0k |
| Addenda Capital Inc. 1.16% of their portfolio | 143.9k $42.6m | Reduced -77.9k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 132.7k $36.0m | Added +200 |
| Northwest & Ethical Investments L.P. 0.63% of their portfolio | 130.2k $27.1m | Reduced -17.4k |