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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.

Institutional holdersQ4 2025: 611 institutions
Q1 2021: 428 institutionsQ2 2021: 446 institutionsQ3 2021: 448 institutionsQ4 2021: 498 institutionsQ1 2022: 513 institutionsQ2 2022: 487 institutionsQ3 2022: 470 institutionsQ4 2022: 487 institutionsQ1 2023: 490 institutionsQ2 2023: 493 institutionsQ3 2023: 492 institutionsQ4 2023: 488 institutionsQ1 2024: 500 institutionsQ2 2024: 479 institutionsQ3 2024: 491 institutionsQ4 2024: 486 institutionsQ1 2025: 524 institutionsQ2 2025: 542 institutionsQ3 2025: 572 institutionsQ4 2025: 611 institutionsQ1 2026: 639 institutionsQ2 2026: 664 institutions
Value heldQ4 2025: $29.4B
Q1 2021: $16.3BQ2 2021: $19.4BQ3 2021: $17.2BQ4 2021: $18.1BQ1 2022: $20.5BQ2 2022: $17.2BQ3 2022: $15.6BQ4 2022: $17.9BQ1 2023: $19.2BQ2 2023: $18.8BQ3 2023: $17.9BQ4 2023: $15.0BQ1 2024: $15.8BQ2 2024: $16.0BQ3 2024: $17.0BQ4 2024: $16.2BQ1 2025: $21.9BQ2 2025: $23.0BQ3 2025: $31.1BQ4 2025: $29.4BQ1 2026: $34.0BQ2 2026: $29.0B
Institutions holding FNV and their total value by quarter
QuarterHoldersValue
Q2 2026664$29.0B
Q1 2026639$34.0B
Q4 2025611$29.4B
Q3 2025572$31.1B
Q2 2025542$23.0B
Q1 2025524$21.9B
Q4 2024486$16.2B
Q3 2024491$17.0B
Q2 2024479$16.0B
Q1 2024500$15.8B
Q4 2023488$15.0B
Q3 2023492$17.9B
Q2 2023493$18.8B
Q1 2023490$19.2B
Q4 2022487$17.9B
Q3 2022470$15.6B
Q2 2022487$17.2B
Q1 2022513$20.5B
Q4 2021498$18.1B
Q3 2021448$17.2B
Q2 2021446$19.4B
Q1 2021428$16.3B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Franco Nevada Corp; share changes are against Q3 2025.

Institutions holding FNV in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
State of Tennessee, Treasury Department108,819$25.6M0.08%−1,722−1.6%Reduced
Barclays PLC121,922$25.3M0.01%+51,032+72.0%Added
Korea Investment CORP120,916$25.1M0.05%−122,833−50.4%Reduced
Raymond James Financial Inc119,426$24.8M0.01%+9,867+9.0%Added
Qube Research & Technologies Ltd117,739$24.4M0.03%+98,970+527.3%Added
Man Group plc114,589$23.8M0.05%+30,986+37.1%Added
CI Private Wealth, LLC114,180$23.8M0.03%−92,595−44.8%Reduced
Citigroup Inc105,947$22.0M0.01%+30,407+40.3%Added
HighTower Advisors, LLC102,591$21.3M0.02%+17,782+21.0%Added
Telemark Asset Management, LLC100,000$20.7M2.07%−50,000−33.3%Reduced
Public Employees Retirement System of Ohio99,189$20.6M0.06%−341−0.3%Reduced
IFP Advisors, Inc98,016$20.3M0.46%+39,067+66.3%Added
Hamilton Capital Partners Inc.97,077$20.1M0.74%+10,376+12.0%Added
Public Sector Pension Investment Board90,871$18.8M0.06%+57,831+175.0%Added
Ashford Capital Management Inc89,857$18.6M2.07%−36,395−28.8%Reduced
U S Global Investors Inc89,311$18.5M1.98%+6,774+8.2%Added
Millennium Management LLC87,238$18.1M0.01%−12,057−12.1%Reduced
Franklin Resources Inc83,357$17.3M0.00%−3,126−3.6%Reduced
Forest Hill Capital, LLC81,500$16.9M8.64%00.0%Unchanged
Global Strategic Management Inc78,651$16.3M13.58%+78,651New
Bank of Nova Scotia Trust Co78,202$16.2M1.41%+3,882+5.2%Added
Groupe la Francaise78,000$16.2M0.23%+1,165+1.5%Added
Wellington Management Group LLP77,747$16.1M0.00%+810+1.1%Added
Caisse de Depot Et Placement du Quebec77,318$16.0M0.03%−296,336−79.3%Reduced
Pictet Asset Management Holding SA75,904$15.8M0.02%+3,520+4.9%Added
Zurcher Kantonalbank (Zurich Cantonalbank)75,389$15.6M0.03%+25,487+51.1%Added
State of Wisconsin Investment Board72,585$15.1M0.03%+72,585New
Intellus Advisors LLC70,495$14.6M1.94%−22,222−24.0%Reduced
PKO Investment Management Joint-Stock Co69,914$14.5M1.16%+7,150+11.4%Added
Varma Mutual Pension Insurance Co68,600$14.2M0.09%+68,600New
Tocqueville Asset Management L.P.63,220$13.1M0.19%−2,000−3.1%Reduced
Bradley Foster & Sargent Inc63,204$13.1M0.19%+347+0.6%Added
Andra AP-fonden44,900$12.8M0.16%−5,700−11.3%Reduced
Envestnet Asset Management Inc61,109$12.7M0.00%−32,882−35.0%Reduced
Waratah Capital Advisors Ltd.55,773$11.6M0.88%+6,817+13.9%Added
Voloridge Investment Management, LLC52,740$10.9M0.04%−22,440−29.8%Reduced
LPL Financial LLC51,281$10.6M0.00%−5,447−9.6%Reduced
Beddow Capital Management Inc51,272$10.6M4.01%−1,460−2.8%Reduced
O'Brien Greene & Co. Inc48,588$10.1M2.99%+468+1.0%Added
EagleClaw Capital Managment, LLC48,024$9.95M1.44%−375−0.8%Reduced
Hutner Capital Management Inc47,233$9.79M4.09%+466+1.0%Added
Capital Fund Management S.A.44,183$9.16M0.09%+18,102+69.4%Added
Lansforsakringar Fondforvaltning AB (publ)43,419$9.01M0.04%+638+1.5%Added
DekaBank Deutsche Girozentrale65,842$8.84M0.02%00.0%Unchanged
Select Equity Group, L.P.42,377$8.80M0.04%−1,185−2.7%Reduced
PensionDanmark Pensionsforsikringsaktieselskab42,329$8.79M0.08%+42,329New
Beacon Pointe Advisors, LLC40,406$8.38M0.06%−3,027−7.0%Reduced
Northwestern Mutual Investment Management Company, LLC40,133$8.32M0.10%00.0%Unchanged
McCollum Christoferson Group LLC39,998$8.29M2.40%−503−1.2%Reduced
Evelyn Partners Investment Management Services Ltd39,849$8.26M1.03%+1,585+4.1%Added
Silvercrest Asset Management Group LLC39,660$8.22M0.06%−1,509−3.7%Reduced
USS Investment Management Ltd38,997$8.10M0.04%00.0%Unchanged
Forsta Ap-Fonden38,700$8.03M0.05%−18,500−32.3%Reduced
Guggenheim Capital LLC37,567$7.79M0.06%−8,376−18.2%Reduced
Ameriprise Financial Inc37,453$7.76M0.00%−9,180−19.7%Reduced
Oxbow Advisors, LLC35,332$7.32M0.64%+15,260+76.0%Added
Jupiter Asset Management Ltd35,266$7.32M0.06%+17,352+96.9%Added
Lazard Asset Management LLC34,536$7.16M0.01%+10,196+41.9%Added
Burney Co34,474$7.15M0.22%−495−1.4%Reduced
Quantinno Capital Management LP32,882$6.82M0.01%+1,577+5.0%Added
Hudson Value Partners, LLC32,205$6.70M2.00%+221+0.7%Added
Jump Financial, LLC32,300$6.70M0.08%+29,986+1,295.9%Added
Moors & Cabot, Inc.30,878$6.40M0.27%−173−0.6%Reduced
Stifel Financial Corp29,029$6.02M0.01%−9,438−24.5%Reduced
Blair William & Co28,165$5.84M0.02%+26,729+1,861.4%Added
Kestra Advisory Services, LLC27,389$5.68M0.02%−1,829−6.3%Reduced
Credit Agricole S A26,515$5.50M0.02%+305+1.2%Added
Principal Financial Group Inc26,421$5.48M0.00%+7,318+38.3%Added
AQR Capital Management LLC25,838$5.36M0.00%+11,575+81.2%Added
TCFG Wealth Management, LLC25,304$5.25M2.05%+1,345+5.6%Added
Edmond de Rothschild Holding S.A.25,003$5.19M0.07%−5,419−17.8%Reduced
Knoll Capital Management, LLC25,000$5.18M2.38%00.0%Unchanged
Neuberger Berman Group LLC24,762$5.14M0.00%+677+2.8%Added
Atlas Wealth Partners, LLC24,528$5.08M5.59%−125−0.5%Reduced
Investment Management Corp of Ontario23,650$4.90M0.07%+16,567+233.9%Added
Mad River Investors23,594$4.89M2.23%+15+0.1%Added
Hillsdale Investment Management Inc.22,940$4.76M0.13%−12,953−36.1%Reduced
US Bancorp22,847$4.74M0.01%−56−0.2%Reduced
Private Advisor Group, LLC22,824$4.73M0.02%+60+0.3%Added
Independent Advisor Alliance22,657$4.70M0.11%+809+3.7%Added
McAlvany Wealth Management LLC22,451$4.65M3.56%+22,451New
Stansberry Asset Management, LLC22,427$4.65M0.47%+2,259+11.2%Added
DJE Kapital AG21,900$4.57M0.13%00.0%Unchanged
BNP Paribas Arbitrage, SA21,673$4.49M0.00%+14,117+186.8%Added
Alliancebernstein L.P.21,518$4.46M0.00%+620+3.0%Added
Allianz SE21,392$4.44M0.06%+3,189+17.5%Added
Utah Retirement Systems21,363$4.43M0.04%00.0%Unchanged
Mariner, LLC20,910$4.33M0.01%+2,510+13.6%Added
U.S. Capital Wealth Advisors, LLC20,680$4.29M0.11%−439−2.1%Reduced
Gamco Investors, Inc. Et Al20,446$4.24M0.04%−6,571−24.3%Reduced
Creative Planning20,461$4.24M0.00%+2,666+15.0%Added
Plancorp, LLC20,203$4.19M0.13%−1,055−5.0%Reduced
Maryland State Retirement & Pension System20,123$4.17M0.09%00.0%Unchanged
Integrated Wealth Concepts LLC20,085$4.16M0.05%−200−1.0%Reduced
Profund Advisors LLC19,802$4.10M0.12%−3,971−16.7%Reduced
CAPROCK Group, Inc.19,747$4.09M0.09%+89+0.5%Added
Metis Global Partners, LLC19,222$3.98M0.09%−3,104−13.9%Reduced
Balyasny Asset Management LLC18,915$3.92M0.01%+18,915New
Natixis Advisors, L.P.18,606$3.86M0.01%−1,107−5.6%Reduced
Janus Henderson Group PLC18,502$3.85M0.00%+1,400+8.2%Added