Which funds own FNV
Franco Nev Corp in the Q2 2026 filings. At least 9 of the 91 current managers on file reported a position, worth $10.1bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 7 managers trimmed or sold out against 3 buying.
- Managers holding
- 9
- at least, of 91 current
- Combined value
- $10.1bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 7
- 1 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $4.5bn | 0.2% | 21,649,301 | -$830m+52,204 | Added |
| MFS Investment Management Long-only · $315bn book | $2.4bn | 0.8% | 11,045,957 | -$450m-47,191 | Trimmed |
| First Eagle Investment Management LLC Activist · $60.8bn book | $1.1bn | 1.8% | 5,273,317 | -$207m-1,220 | Trimmed |
| Capital World Investors Long-only · $846bn book | $903m | 0.1% | 4,328,732 | -$327m-641,070 | Trimmed |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $425m | 0.6% | 2,036,918 | -$124m-182,000 | Trimmed |
| Capital Research Global Investors Long-only · $717bn book | $333m | 0.0% | 1,596,170 | -$68m-25,062 | Trimmed |
| Two Sigma Investments LP Quantitative · $138bn book | $180m | 0.1% | 863,844 | -$139m-429,393 | Trimmed |
| Markel Group Inc Activist · $13.1bn book | $161m | 1.2% | 773,500 | -$14m+65,000 | Added |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $147m | 0.2% | 705,866 | +$54m+329,853 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- ExodusPoint Capital Management LP · Multi-strategy$7.9m held before
Ownership through time
At least 13 of the 95 managers whose filings are on file listed FNV in Q2 2026, against 4 in Q2 2013. 3 managers fewer than in Q1 2026: 1 started a position; 4 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 4
- Q3 2013: 4
- Q4 2013: 5
- Q1 2014: 5
- Q2 2014: 5
- Q3 2014: 7
- Q4 2014: 7
- Q1 2015: 7
- Q2 2015: 6
- Q3 2015: 7
- Q4 2015: 5
- Q1 2016: 9
- Q2 2016: 8
- Q3 2016: 8
- Q4 2016: 8
- Q1 2017: 10
- Q2 2017: 9
- Q3 2017: 11
- Q4 2017: 11
- Q1 2018: 10
- Q2 2018: 11
- Q3 2018: 9
- Q4 2018: 14
- Q1 2019: 11
- Q2 2019: 11
- Q3 2019: 11
- Q4 2019: 11
- Q1 2020: 16
- Q2 2020: 14
- Q3 2020: 17
- Q4 2020: 18
- Q1 2021: 14
- Q2 2021: 11
- Q3 2021: 11
- Q4 2021: 13
- Q1 2022: 11
- Q2 2022: 12
- Q3 2022: 12
- Q4 2022: 12
- Q1 2023: 12
- Q2 2023: 10
- Q3 2023: 13
- Q4 2023: 14
- Q1 2024: 11
- Q2 2024: 12
- Q3 2024: 13
- Q4 2024: 13
- Q1 2025: 14
- Q2 2025: 14
- Q3 2025: 13
- Q4 2025: 15
- Q1 2026: 16
- Q2 2026: 13
- Q2 2013: $1.2bn
- Q3 2013: $1.4bn
- Q4 2013: $1.1bn
- Q1 2014: $1.3bn
- Q2 2014: $1.7bn
- Q3 2014: $1.6bn
- Q4 2014: $1.5bn
- Q1 2015: $1.4bn
- Q2 2015: $1.4bn
- Q3 2015: $1.6bn
- Q4 2015: $1.6bn
- Q1 2016: $2.4bn
- Q2 2016: $2.9bn
- Q3 2016: $2.7bn
- Q4 2016: $2.1bn
- Q1 2017: $2.2bn
- Q2 2017: $2.5bn
- Q3 2017: $2.9bn
- Q4 2017: $3.0bn
- Q1 2018: $2.6bn
- Q2 2018: $2.6bn
- Q3 2018: $2.3bn
- Q4 2018: $2.6bn
- Q1 2019: $2.8bn
- Q2 2019: $3.2bn
- Q3 2019: $3.1bn
- Q4 2019: $3.9bn
- Q1 2020: $4.2bn
- Q2 2020: $6.1bn
- Q3 2020: $5.9bn
- Q4 2020: $5.4bn
- Q1 2021: $5.3bn
- Q2 2021: $5.9bn
- Q3 2021: $5.2bn
- Q4 2021: $5.4bn
- Q1 2022: $6.1bn
- Q2 2022: $5.2bn
- Q3 2022: $4.2bn
- Q4 2022: $4.9bn
- Q1 2023: $5.2bn
- Q2 2023: $5.3bn
- Q3 2023: $5.3bn
- Q4 2023: $4.5bn
- Q1 2024: $4.4bn
- Q2 2024: $4.8bn
- Q3 2024: $5.3bn
- Q4 2024: $5.3bn
- Q1 2025: $7.5bn
- Q2 2025: $7.7bn
- Q3 2025: $11.7bn
- Q4 2025: $11.0bn
- Q1 2026: $13.2bn
- Q2 2026: $10.2bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Point72 Asset Management LP376,013 to 705,866 shares+$69m
- Markel Group Inc708,500 to 773,500 shares+$14m
- Fidelity (FMR LLC)21,597,097 to 21,649,301 shares+$11m
- Voloridge Investment Management LLCnew: 47,792 shares+$10.0m
- Baillie Gifford & Co23,718 to 29,148 shares+$1.1m
Largest decreases, by shares
- Capital World Investors4,969,802 to 4,328,732 shares-$134m
- Two Sigma Investments LP1,293,237 to 863,844 shares-$90m
- Renaissance Technologies LLC2,218,918 to 2,036,918 shares-$38m
- MFS Investment Management11,093,148 to 11,045,957 shares-$10m
- Capital Research Global Investors1,621,232 to 1,596,170 shares-$5.2m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2013 | $5.3bn | $4.5bn | |
| MFS Investment Management | Q1 2016 | $2.8bn | $2.4bn | |
| First Eagle Investment Management LLC | Q2 2013 | $1.3bn | $1.1bn | |
| Capital World Investors | Q1 2016 | $1.8bn | $903m | |
| Renaissance Technologies LLC | Q3 2014 | $792m | $425m | |
| Capital Research Global Investors | Q1 2017 | $401m | $333m | |
| Two Sigma Investments LP | Q3 2014 | $319m | $180m | |
| Markel Group Inc | Q2 2024 | $175m | $161m | |
| Point72 Asset Management LP | Q3 2020 | $147m | $147m | |
| Voloridge Investment Management LLC | Q1 2016 | $45m | $10.0m | |
| Baillie Gifford & Co | Q1 2026 | $6.1m | $6.1m | |
| GAMCO Investors Inc | Q2 2024 | $6.0m | $2.2m | |
| Quantbot Technologies LP | Q4 2013 | $11m | $1.4m | |
| T. Rowe Price Associates Inc | Q2 2013 | $960m | last listed Q1 2026 | |
| Arrowstreet Capital LP | Q4 2018 | $619m | last listed Q1 2026 | |
| Neuberger Berman Group LLC | Q3 2019 | $231m | last listed Q4 2023 | |
| Two Sigma Advisers LP | Q4 2020 | $212m | last listed Q4 2025 | |
| Millennium Management LLC | Q2 2022 | $114m | last listed Q1 2025 | |
| D. E. Shaw & Co. | Q1 2020 | $103m | last listed Q4 2020 | |
| AQR Capital Management LLC | Q4 2014 | $64m | last listed Q1 2019 | |
| Man Group PLC | Q4 2018 | $62m | last listed Q1 2026 | |
| Janus Henderson Group Ltd | Q1 2020 | $44m | last listed Q1 2020 | |
| Marshall Wace LLP | Q2 2019 | $40m | last listed Q4 2025 |
What FNV is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around FNV →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
One email a week, free, and you can leave at any point.