L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 13 listed it in both
Shares listed
54,848,412
combined, among listed positions
Reported value
$11.4bn
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +679,994.

Managers listing FNV in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

30 of 30 holders

ActionFiling
Fidelity (FMR LLC)20,332,087$4.2bn0.21%Added+2,550,01517 Feb 2026 (the filing on sec.gov)
MFS Investment Management11,688,537$2.4bn0.78%Added+21,33322 Jan 2026 (the filing on sec.gov)
Capital World Investors5,207,241$1.1bn0.15%Trimmed-2,775,30911 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC5,123,444$1.1bn1.87%Added+1,074,2574 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC2,478,118$514m0.80%Trimmed-371,30012 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc2,477,975$514m0.06%Trimmed-268,50817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP2,365,197$490m0.29%Trimmed-412,52113 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors1,277,889$265munder 0.1%Added+639,49311 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,070,436$222munder 0.1%Added+125,81619 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP803,300$167m0.32%Trimmed-148,80217 Feb 2026 (the filing on sec.gov)
Markel Group Inc683,500$142m1.13%Added+78,0006 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP406,597$84m0.12%Trimmed-109,19917 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.240,528$50munder 0.1%Added+127,38617 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP192,313$40munder 0.1%Added+186,65413 Feb 2026 (the filing on sec.gov)
Man Group PLC114,589$24munder 0.1%Added+30,98617 Feb 2026 (the filing on sec.gov)
Millennium Management LLC87,238$18munder 0.1%Trimmed-12,05717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP77,747$16munder 0.1%Added+81017 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC52,740$11munder 0.1%Trimmed-22,44017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC25,838$5.4munder 0.1%Added+11,57517 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC24,762$5.1munder 0.1%Added+67727 Oct 2026 (the filing on sec.gov)
AllianceBernstein LP21,518$4.5munder 0.1%Added+62017 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc20,446$4.2munder 0.1%Trimmed-6,5715 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC18,915$3.9munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd18,502$3.8munder 0.1%Added+1,40017 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC12,068$2.5munder 0.1%Trimmed-41,99512 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
13 in Q3 2024 to 13 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
FNV by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20134$1.2bnn.a.n.a.
Q3 20134$1.4bnn.a.n.a.
Q4 20135$1.1bnn.a.n.a.
Q1 20145$1.3bnn.a.n.a.
Q2 20145$1.7bnn.a.n.a.
Q3 20147$1.6bnn.a.n.a.
Q4 20147$1.5bnn.a.n.a.
Q1 20157$1.4bnn.a.n.a.
Q2 20156$1.4bnn.a.n.a.
Q3 20157$1.6bnn.a.n.a.
Q4 20155$1.6bnn.a.n.a.
Q1 20169$2.4bnn.a.n.a.
Q2 20168$2.9bnn.a.n.a.
Q3 20168$2.7bnn.a.n.a.
Q4 20168$2.1bnn.a.n.a.
Q1 201710$2.2bnn.a.n.a.
Q2 20179$2.5bnn.a.n.a.
Q3 201711$2.9bnn.a.n.a.
Q4 201711$3.0bnn.a.n.a.
Q1 201810$2.6bnn.a.n.a.
Q2 201811$2.6bnn.a.n.a.
Q3 20189$2.3bnn.a.n.a.
Q4 201814$2.6bnn.a.n.a.
Q1 201911$2.8bnn.a.n.a.
Q2 201911$3.2bnn.a.n.a.
Q3 201911$3.1bnn.a.n.a.
Q4 201911$3.9bnn.a.n.a.
Q1 202016$4.2bnn.a.n.a.
Q2 202014$6.1bnn.a.n.a.
Q3 202017$5.9bnn.a.n.a.
Q4 202018$5.4bnn.a.n.a.
Q1 202114$5.3bnn.a.n.a.
Q2 202111$5.9bnn.a.n.a.
Q3 202111$5.2bnn.a.n.a.
Q4 202113$5.4bnn.a.n.a.
Q1 202211$6.1bnn.a.n.a.
Q2 202212$5.2bnn.a.n.a.
Q3 202212$4.2bnn.a.n.a.
Q4 202212$4.9bnn.a.n.a.
Q1 202312$5.2bnn.a.n.a.
Q2 202310$5.3bnn.a.n.a.
Q3 202313$5.3bnn.a.n.a.
Q4 202314$4.5bn123
Q1 202411$4.4bn74
Q2 202412$4.8bn102
Q3 202413$5.3bn85
Q4 202413$5.3bn93
Q1 202514$7.5bn66
Q2 202514$7.7bn86
Q3 202513$11.7bn68
Q4 202515$11.0bn1816
Q1 202616$13.2bn2015
Q2 202613$10.2bn1322

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

FNV and LIN →FNV and GLW →FNV and HWM →Choose a stock to compare with FNV →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own FNV, latest filings →Back to the 13F Explorer →