Franco Nevada Corp: which funds bought and sold

Institutions that bought and sold Franco Nevada shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 323 institutions that filed 13F reports for both quarters added to or opened positions in Franco Nevada, and 256 cut or closed them. Together they added a net 3.2M shares, +2.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 990K shares (+1.5%); index fund managers were net buyers of 326K shares (+3.2%). 80 opened a new position and 54 sold out entirely.

Bought, Q2 2026 323 institutions, 80 of them new holders Sold, Q2 2026 256 institutions, 54 of them sold out

Net change, all compared +3.2M shares (+2.3%)

Net change, active managers +990K shares (+1.5%), 28 bought, 38 sold

Buyers versus sellers

institutions compared, 700

323 bought 121 256 sold

Active managers and hedge funds 28 bought · 38 sold · +990K

Index fund managers 6 bought · 2 sold · +326K

Other institutions 289 bought · 216 sold · +1.9M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+5.3M +100.0%	10.5M	$2.2B
Royal Bank Of Canada	+1.4M +45.4%	4.4M	$909M
Fil Ltd Active manager	+919K +15.6%	6.8M	$1.4B
Connor, Clark & Lunn Investment Management Ltd.	+483K +323.2%	632K	$132M
Point72 Asset Management, L.P. Hedge fund	+330K +87.7%	706K	$147M
Toronto Dominion Bank	+258K +50.2%	771K	$161M
Bank Of Montreal	+253K +5.0%	5.4M	$1.1B
AQR Capital Management LLC Hedge fund	+235K +415.9%	291K	$60.7M
Geode Capital Management, LLC Index funds	+230K +11.9%	2.2M	$463M
CIBC Asset Management Inc	+225K +37.0%	833K	$174M
Beutel, Goodman & Co Ltd.	+212K +35.2%	813K	$170M
Orbis Allan Gray Ltd Active manager	+211K +19.5%	1.3M	$269M
Navera Investment Management Ltd.	+195K New position	195K	$40.7M
Public Sector Pension Investment Board	+183K +200.8%	274K	$57.1M
Ceredex Value Advisors LLC	+169K New position	169K	$35.3M
M&G PLC	+166K +18.6%	1.1M	$231M
Millennium Management LLC Hedge fund	+158K +106.3%	307K	$64.1M
Anchor Capital Advisors LLC	+153K New position	153K	$32M
National Bank Of Canada	+129K +9.5%	1.5M	$309M
Caisse De Depot Et Placement Du Quebec	+115K +147.8%	192K	$40M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+5.3M +100.0%	10.5M	$2.2B
Fil Ltd Active manager	+919K +15.6%	6.8M	$1.4B
Point72 Asset Management, L.P. Hedge fund	+330K +87.7%	706K	$147M
AQR Capital Management LLC Hedge fund	+235K +415.9%	291K	$60.7M
Orbis Allan Gray Ltd Active manager	+211K +19.5%	1.3M	$269M
Millennium Management LLC Hedge fund	+158K +106.3%	307K	$64.1M
Quadrature Capital Ltd Hedge fund	+84K New position	84K	$17.6M
Carmignac Gestion Active manager	+84K New position	84K	$17.5M
Qube Research & Technologies Ltd Hedge fund	+54K +139.4%	92K	$19.2M
FMR LLC Active manager	+52K +0.2%	21.6M	$4.5B

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Arrowstreet Capital, Limited Partnership Hedge fund	−1.7M −94.0%	107K	$22.3M
GQG Partners LLC Active manager	−1.2M Sold out	0	—
Mackenzie Financial Corp	−849K −34.7%	1.6M	$472M
Price T Rowe Associates Inc Active manager	−834K −46.4%	963K	$201M
Capital World Investors Active manager	−641K −12.9%	4.3M	$903M
Van Eck Associates Corp	−534K −7.1%	7.0M	$1.5B
Victory Capital Management Inc Active manager	−484K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−429K −33.2%	864K	$180M
TD Asset Management Inc	−356K −18.4%	1.6M	$330M
Schroder Investment Management Group Active manager	−314K −98.6%	4,396	$911,115
Edgepoint Investment Group Inc. Active manager	−302K −8.7%	3.2M	$659M
Manufacturers Life Insurance Company, The	−250K −25.3%	736K	$153M
Jane Street Group, LLC	−245K −52.5%	222K	$46.3M
CIBC World Market Inc.	−238K −18.0%	1.1M	$226M
Renaissance Technologies LLC Hedge fund	−182K −8.2%	2.0M	$425M
Amundi	−158K −13.3%	1.0M	$215M
Tidal Investments LLC	−137K −22.7%	466K	$97.2M
Legal & General Group PLC	−131K −12.3%	929K	$194M
Citadel Advisors LLC Hedge fund	−126K −52.8%	113K	$23.5M
Aviso Financial Inc.	−126K −25.3%	372K	$77.6M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Arrowstreet Capital, Limited Partnership Hedge fund	−1.7M −94.0%	107K	$22.3M
GQG Partners LLC Active manager	−1.2M Sold out	0	—
Price T Rowe Associates Inc Active manager	−834K −46.4%	963K	$201M
Capital World Investors Active manager	−641K −12.9%	4.3M	$903M
Victory Capital Management Inc Active manager	−484K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−429K −33.2%	864K	$180M
Schroder Investment Management Group Active manager	−314K −98.6%	4,396	$911,115
Edgepoint Investment Group Inc. Active manager	−302K −8.7%	3.2M	$659M
Renaissance Technologies LLC Hedge fund	−182K −8.2%	2.0M	$425M
Citadel Advisors LLC Hedge fund	−126K −52.8%	113K	$23.5M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Navera Investment Management Ltd.	195K	$40.7M
Ceredex Value Advisors LLC	169K	$35.3M
Anchor Capital Advisors LLC	153K	$32M
Quadrature Capital LtdHedge fund	84K	$17.6M
Carmignac GestionActive manager	84K	$17.5M
Beck Bode, LLC	78K	$16.3M
Trek Financial, LLC	60K	$12.5M
Nomura Asset Management International Inc.	49K	$10.2M
Voloridge Investment Management, LLCHedge fund	48K	$10M
Imc-Chicago, LLC	37K	$7.7M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
GQG Partners LLCActive manager	1.2M	$288M
Victory Capital Management IncActive manager	484K	$119M
Bw Gestao De Investimentos Ltda.	36K	$8.8M
Exoduspoint Capital Management, LPHedge fund	32K	$7.9M
Empowered Funds, LLC	11K	$2.6M
Capstone Investment Advisors, LLCHedge fund	8,226	$2M
First Pacific Advisors, LPActive manager	6,611	$1.6M
Drw Securities, LLC	6,417	$1.6M
Banque Pictet & Cie SA	5,815	$1.4M
Erste Asset Management Gmbh	6,100	$1.4M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 657
Ten largest holders: 55.7%
Index fund managers: 7.2%
Active managers and hedge funds: 48.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	28	38	9	8	+990K	+1.5%
Index fund managers	6	2	0	0	+326K	+3.2%
Other institutions	289	216	71	46	+1.9M	+3.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Franco Nevada.

Only managers that filed a holdings report for both quarters are compared (700 here). 26 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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