Franco Nevada Corp
FNV- Exchange
- NYSE
- Industry
- Gold and Silver Ores
- SEC CIK
- 0001456346
No open-market purchases or sales by Franco Nevada Corp insiders were filed in the last 90 days; 664 institutions reported holding it in 13F filings for Q2 2026, worth $29.0B in total; Markel Group is the only superinvestor holding it.
13F holders, Q4 2025
Institutional positions in Franco Nevada Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 611
- +51 vs. Q3 2025
- Shares held
- 141.7M
- +4.89M (+3.6%) vs. Q3 2025
- Total value
- $29.4B
- −$1.06B (−3.5%) vs. Q3 2025
- New holders
- 105
- 214 more added
- Sold out
- 54
- 188 more reduced
12 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting FNV on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 664 | $29.0B |
| Q1 2026 | 639 | $34.0B |
| Q4 2025 | 611 | $29.4B |
| Q3 2025 | 572 | $31.1B |
| Q2 2025 | 542 | $23.0B |
| Q1 2025 | 524 | $21.9B |
| Q4 2024 | 486 | $16.2B |
| Q3 2024 | 491 | $17.0B |
| Q2 2024 | 479 | $16.0B |
| Q1 2024 | 500 | $15.8B |
| Q4 2023 | 488 | $15.0B |
| Q3 2023 | 492 | $17.9B |
| Q2 2023 | 493 | $18.8B |
| Q1 2023 | 490 | $19.2B |
| Q4 2022 | 487 | $17.9B |
| Q3 2022 | 470 | $15.6B |
| Q2 2022 | 487 | $17.2B |
| Q1 2022 | 513 | $20.5B |
| Q4 2021 | 498 | $18.1B |
| Q3 2021 | 448 | $17.2B |
| Q2 2021 | 446 | $19.4B |
| Q1 2021 | 428 | $16.3B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Franco Nevada Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| FMR LLC | 20,332,087 | $4.21B | 0.21% | +2,550,015+14.3% | Added |
| Massachusetts Financial Services Co | 11,688,537 | $2.42B | 0.78% | +21,333+0.2% | Added |
| Vanguard Group Inc | 8,330,234 | $1.73B | 0.03% | +113,916+1.4% | Added |
| Van Eck Associates Corp | 7,441,133 | $1.54B | 1.27% | +842,132+12.8% | Added |
| FIL Ltd | 6,016,926 | $1.25B | 0.93% | −840,872−12.3% | Reduced |
| Bank of Montreal | 5,231,145 | $1.08B | 0.44% | −329,835−5.9% | Reduced |
| Capital World Investors | 5,207,241 | $1.08B | 0.15% | −2,775,309−34.8% | Reduced |
| First Eagle Investment Management, LLC | 5,123,444 | $1.06B | 1.87% | +1,074,257+26.5% | Added |
| EdgePoint Investment Group Inc. | 3,351,002 | $694.6M | 5.70% | −193,111−5.4% | Reduced |
| Royal Bank of Canada | 2,808,645 | $582.2M | 0.10% | +260,793+10.2% | Added |
| Norges Bank | 2,791,151 | $578.6M | 0.06% | +2,791,151 | New |
| 1832 Asset Management L.P. | 2,602,355 | $539.4M | 0.68% | +1,681,122+182.5% | Added |
| Renaissance Technologies LLC | 2,478,118 | $513.7M | 0.80% | −371,300−13.0% | Reduced |
| Price T Rowe Associates Inc | 2,477,975 | $513.6M | 0.06% | −268,508−9.8% | Reduced |
| Arrowstreet Capital, Limited Partnership | 2,365,197 | $490.3M | 0.29% | −412,521−14.9% | Reduced |
| Mackenzie Financial Corp | 2,305,983 | $479.0M | 0.57% | −57,341−2.4% | Reduced |
| Geode Capital Management, LLC | 1,932,148 | $412.4M | 0.03% | +197,567+11.4% | Added |
| TD Asset Management Inc | 1,959,620 | $406.7M | 0.33% | −71,064−3.5% | Reduced |
| Deutsche Bank AG | 1,889,414 | $391.6M | 0.13% | +443,839+30.7% | Added |
| GQG Partners LLC | 1,746,117 | $362.4M | 0.60% | +30,117+1.8% | Added |
| Orbis Allan Gray Ltd | 1,409,189 | $292.1M | 1.22% | −9,178−0.6% | Reduced |
| CIBC World Markets Inc. | 1,357,815 | $281.5M | 0.50% | +282,413+26.3% | Added |
| National Bank of Canada | 1,299,180 | $268.9M | 0.28% | −252,377−16.3% | Reduced |
| Capital Research Global Investors | 1,277,889 | $264.9M | 0.05% | +639,493+100.2% | Added |
| Victory Capital Management Inc | 1,197,679 | $248.3M | 0.14% | −389,031−24.5% | Reduced |
| Canada Pension Plan Investment Board | 1,182,118 | $245.0M | 0.16% | +257,025+27.8% | Added |
| Amundi | 1,140,962 | $236.5M | 0.06% | +124,864+12.3% | Added |
| Invesco Ltd. | 1,070,436 | $221.9M | 0.02% | +125,816+13.3% | Added |
| Manufacturers Life Insurance Company, The | 1,050,159 | $218.1M | 0.18% | −381,833−26.7% | Reduced |
| Legal & General Group Plc | 1,044,515 | $216.8M | 0.05% | +57,843+5.9% | Added |
| M&G Plc | 1,025,755 | $213.0M | 1.09% | −8,471−0.8% | Reduced |
| Goldman Sachs Group Inc | 999,645 | $207.2M | 0.03% | −21,641−2.1% | Reduced |
| Horizon Kinetics Asset Management LLC | 968,101 | $200.7M | 2.71% | −44,261−4.4% | Reduced |
| Beutel, Goodman & Co Ltd. | 927,474 | $192.5M | 1.18% | −72,062−7.2% | Reduced |
| Morgan Stanley | 906,771 | $188.0M | 0.01% | +154,297+20.5% | Added |
| JPMorgan Chase & Co | 832,544 | $172.6M | 0.01% | −181,691−17.9% | Reduced |
| Two Sigma Advisers, LP | 803,300 | $166.5M | 0.32% | −148,802−15.6% | Reduced |
| Bank of America Corp | 785,263 | $162.8M | 0.01% | +31,036+4.1% | Added |
| CIBC Asset Management Inc | 692,194 | $143.9M | 0.35% | −123,584−15.1% | Reduced |
| Scharf Investments, LLC | 692,209 | $143.5M | 3.85% | +94,465+15.8% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 683,500 | $141.7M | 1.13% | +78,000+12.9% | Added |
| Clearbridge Investments, LLC | 647,433 | $134.2M | 0.11% | −21,950−3.3% | Reduced |
| Picton Mahoney Asset Management | 630,703 | $130.9M | 1.43% | +39,497+6.7% | Added |
| Toroso Investments, LLC | 613,832 | $127.2M | 0.53% | +120,181+24.3% | Added |
| British Columbia Investment Management Corp | 612,815 | $127.0M | 0.67% | +187,299+44.0% | Added |
| Toronto Dominion Bank | 570,896 | $118.3M | 0.21% | +64,236+12.7% | Added |
| Swiss National Bank | 510,760 | $106.1M | 0.06% | −43,600−7.9% | Reduced |
| Chevy Chase Trust Holdings, Inc. | 485,486 | $100.6M | 0.27% | +16,285+3.5% | Added |
| Bank of Nova Scotia | 461,758 | $95.7M | 0.14% | −146,978−24.1% | Reduced |
| Charles Schwab Investment Management Inc | 440,483 | $91.4M | 0.01% | +5,303+1.2% | Added |
| Allianz Asset Management GmbH | 428,510 | $88.9M | 0.10% | +42,612+11.0% | Added |
| Two Sigma Investments, LP | 406,597 | $84.3M | 0.13% | −109,199−21.2% | Reduced |
| Aviso Financial Inc. | 398,108 | $82.5M | 3.14% | +38,135+10.6% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 377,962 | $78.3M | 0.21% | −432,402−53.4% | Reduced |
| Fiera Capital Corp | 359,750 | $74.6M | 0.24% | −37,600−9.5% | Reduced |
| Gilder Gagnon Howe & Co LLC | 341,137 | $70.7M | 0.75% | −7,459−2.1% | Reduced |
| American Century Companies Inc | 320,812 | $66.5M | 0.03% | +68,494+27.1% | Added |
| Carrhae Capital LLP | 293,772 | $60.9M | 4.06% | +181,718+162.2% | Added |
| MUFG Securities (Canada), Ltd. | 293,527 | $60.9M | 1.69% | −25,343−7.9% | Reduced |
| Marathon Asset Mgmt Ltd | 288,741 | $59.9M | 2.31% | −17,982−5.9% | Reduced |
| TD Waterhouse Canada Inc. | 284,337 | $58.6M | 0.36% | +8,590+3.1% | Added |
| Addenda Capital Inc. | 203,643 | $57.9M | 1.70% | +95,405+88.1% | Added |
| UBS Group AG | 266,574 | $55.3M | 0.01% | +6,578+2.5% | Added |
| Dimensional Fund Advisors LP | 265,191 | $55.0M | 0.01% | −5,772−2.1% | Reduced |
| BLI - Banque de Luxembourg Investments | 257,495 | $53.5M | 1.57% | −23,200−8.3% | Reduced |
| D. E. Shaw & Co., Inc. | 240,528 | $49.9M | 0.04% | +127,386+112.6% | Added |
| Sprott Inc. | 237,666 | $49.3M | 1.77% | −2,839−1.2% | Reduced |
| BlackRock, Inc. | 232,310 | $48.2M | 0.00% | +8,553+3.8% | Added |
| QV Investors Inc. | 226,560 | $47.0M | 3.85% | −17,578−7.2% | Reduced |
| Carmignac Gestion | 225,511 | $46.7M | 0.63% | +200,376+797.2% | Added |
| Euro Pacific Asset Management, LLC | 236,967 | $46.7M | 5.18% | +2,838+1.2% | Added |
| Bennbridge Ltd | 218,953 | $45.4M | 35.38% | −23,700−9.8% | Reduced |
| St. James Investment Company, LLC | 215,261 | $44.6M | 7.16% | −1,640−0.8% | Reduced |
| Covea Finance | 208,258 | $43.3M | 1.43% | −32,800−13.6% | Reduced |
| Intact Investment Management Inc. | 206,208 | $42.7M | 1.23% | +94,088+83.9% | Added |
| Nuveen, LLC | 203,835 | $42.3M | 0.01% | +361+0.2% | Added |
| Annex Advisory Services, LLC | 199,972 | $41.5M | 0.79% | +9,336+4.9% | Added |
| Bank of New York Mellon Corp | 198,978 | $41.2M | 0.01% | +2,348+1.2% | Added |
| Marshall Wace, LLP | 192,313 | $39.9M | 0.04% | +186,654+3,298.4% | Added |
| Groupama Asset Managment | 184,641 | $38.3M | 0.56% | −960−0.5% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 132,711 | $37.8M | 0.04% | +129,104+3,579.3% | Added |
| Spears Abacus Advisors LLC | 176,862 | $36.7M | 0.69% | −494−0.3% | Reduced |
| Northern Trust Corp | 174,878 | $36.2M | 0.00% | −985−0.6% | Reduced |
| Aviva PLC | 161,254 | $33.5M | 0.06% | +8,467+5.5% | Added |
| Federation des caisses Desjardins du Quebec | 160,990 | $33.2M | 0.13% | −188,718−54.0% | Reduced |
| Scotia Capital Inc. | 155,449 | $32.1M | 0.13% | −6,620−4.1% | Reduced |
| CWA Asset Management Group, LLC | 154,592 | $32.0M | 1.16% | +9,135+6.3% | Added |
| Allspring Global Investments Holdings, LLC | 114,465 | $31.1M | 0.05% | 00.0% | Unchanged |
| MUFG Securities EMEA plc | 150,000 | $31.1M | 0.36% | +150,000 | New |
| America First Investment Advisors, LLC | 146,440 | $30.4M | 5.53% | −11,496−7.3% | Reduced |
| Gabelli Funds LLC | 146,270 | $30.3M | 0.21% | −115,266−44.1% | Reduced |
| Northwest & Ethical Investments L.P. | 144,606 | $30.0M | 0.68% | −9,739−6.3% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 143,350 | $29.7M | 2.04% | −1,055−0.7% | Reduced |
| Baird Financial Group, Inc. | 136,931 | $28.4M | 0.04% | −219−0.2% | Reduced |
| Great West Life Assurance Co | 135,915 | $28.1M | 0.05% | +12,250+9.9% | Added |
| Quadrature Capital Ltd | 130,600 | $27.1M | 0.28% | +130,600 | New |
| Wells Fargo & Company | 129,745 | $26.9M | 0.01% | −208,207−61.6% | Reduced |
| Palisade Capital Management LLC | 129,664 | $26.9M | 0.80% | −2,724−2.1% | Reduced |
| Schwartz Investment Counsel Inc | 125,700 | $26.1M | 0.91% | −1,000−0.8% | Reduced |
| Russell Investments Group, Ltd. | 123,483 | $25.6M | 0.03% | +17,796+16.8% | Added |