Franco-Nevada Corporation
US ˙ NYSE ˙ CA3518581051

SecurityFNV / Franco-Nevada Corporation
InstitutionTocqueville Asset Management L.p.
Latest Disclosed Ownership42,970 shares
Latest Disclosed Value $ 10,615,739
Tocqueville Asset Management L.p. reports 32.03% decrease in ownership of FNV / Franco-Nevada Corporation

On May 12, 2026 - Tocqueville Asset Management L.p. filed a 13F-HR form disclosing ownership of 42,970 shares of Franco-Nevada Corporation (US:FNV) valued at $10,615,738 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 63,220 shares of Franco-Nevada Corporation. This represents a change in shares of -32.03% during the quarter. The current value of the position is $9,399,258 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F FRANCO NEV COM 351858105 42,970 -20,250 -32.03 10,616 -18.99 0.1574
2026-02-12 2025-12-31 13F FRANCO NEV COM 351858105 63,220 -2,000 -3.07 13,104 -9.86 0.1911
2025-11-13 2025-09-30 13F FRANCO NEV COM 351858105 65,220 2,794 4.48 14,538 42.08 0.2113
2025-08-12 2025-06-30 13F FRANCO NEV COM 351858105 62,426 -100,045 -61.58 10,233 -60.03 0.1558
2025-05-13 2025-03-31 13F FRANCO NEV COM 351858105 162,471 3,032 1.90 25,599 36.54 0.4180
2025-02-10 2024-12-31 13F FRANCO NEV COM 351858105 159,439 1,916 1.22 18,748 -4.21 0.2940
2024-11-08 2024-09-30 13F FRANCO NEV COM 351858105 157,523 17,000 12.10 19,572 17.52 0.3074
2024-08-12 2024-06-30 13F FRANCO NEV COM 351858105 140,523 -1,367 -0.96 16,655 -1.50 0.2749
2024-05-09 2024-03-31 13F FRANCO NEV COM 351858105 141,890 -170 -0.12 16,908 7.41 0.2762
2024-02-12 2023-12-31 13F FRANCO NEV COM 351858105 142,060 -55 -0.04 15,742 -17.02 0.2853
2023-11-09 2023-09-30 13F FRANCO NEV COM 351858105 142,115 -550 -0.39 18,971 -6.75 0.3603
2023-08-11 2023-06-30 13F FRANCO NEV COM 351858105 142,665 0 0.00 20,344 -2.19 0.3643
2023-05-10 2023-03-31 13F FRANCO NEV COM 351858105 142,665 -770 -0.54 20,801 6.25 0.3930
2023-02-09 2022-12-31 13F FRANCO NEV COM 351858105 143,435 -50 -0.03 19,576 14.19 0.3718
2022-11-10 2022-09-30 13F FRANCO NEV COM 351858105 143,485 -2,025 -1.39 17,144 -10.46 0.3495
2022-08-12 2022-06-30 13F FRANCO NEV COM 351858105 145,510 -1,147 -0.78 19,146 -18.16 0.3501
2022-05-16 2022-03-31 13F Franco-Nevada COM 351858105 146,657 -1,255 -0.85 23,395 14.37 0.3534
2022-02-14 2021-12-31 13F FRANCO NEV COM 351858105 147,912 -540 -0.36 20,455 6.07 0.2813
2021-11-15 2021-09-30 13F FRANCO NEV COM 351858105 148,452 -1,790 -1.19 19,285 -11.52 0.2857
2021-08-16 2021-06-30 13F FRANCO NEV COM 351858105 150,242 -1,228 -0.81 21,796 14.85 0.3149
2021-05-17 2021-03-31 13F FRANCO NEV COM 351858105 151,470 -55 -0.04 18,978 -0.07 0.2920
2021-02-16 2020-12-31 13F FRANCO NEV COM 351858105 151,525 -1,445 -0.94 18,991 -11.06 0.3170
2020-11-16 2020-09-30 13F FRANCO-NEVADA COM 351858105 152,970 -20,810 -11.97 21,352 -12.01 0.4085
2020-08-12 2020-06-30 13F FRANCO NEV COM 351858105 173,780 -6,690 -3.71 24,267 35.12 0.5061
2020-05-15 2020-03-31 13F FRANCO NEVADA COM 351858105 180,470 -826,455 -82.08 17,960 -82.74 0.4462
2020-01-14 2019-12-31 13F Franco-Nevada COM 351858105 1,006,925 26,740 2.73 104,078 16.47 1.5308
2019-10-31 2019-09-30 13F Franco-Nevada COM 351858105 980,185 -11,665 -1.18 89,364 6.15 1.2127
2019-07-31 2019-06-30 13F Franco-Nevada COM 351858105 991,850 -16,100 -1.60 84,186 11.35 1.0909
2019-04-30 2019-03-31 13F Franco-Nevada COM 351858105 1,007,950 26,545 2.70 75,605 9.83 1.0092
2019-02-08 2018-12-31 13F Franco-Nevada COM 351858105 981,405 -32,150 -3.17 68,839 8.58 1.0316
2018-11-13 2018-09-30 13F Franco-Nevada COM 351858105 1,013,555 3,515 0.35 63,401 -14.01 0.7988
2018-08-13 2018-06-30 13F Franco-Nevada COM 351858105 1,010,040 -239,720 -19.18 73,732 -13.61 0.9353
2018-05-14 2018-03-31 13F Franco-Nevada COM 351858105 1,249,760 -253,463 -16.86 85,347 -28.97 1.0874
2018-02-13 2017-12-31 13F Franco-Nevada COM 351858105 1,503,223 75,225 5.27 120,156 8.61 1.3642
2017-10-30 2017-09-30 13F Franco-Nevada COM 351858105 1,427,998 -112,300 -7.29 110,629 -0.46 1.2724
2017-08-04 2017-06-30 13F Franco-Nevada COM 351858105 1,540,298 -18,750 -1.20 111,143 8.82 1.3334
2017-04-28 2017-03-31 13F Franco-Nevada COM 351858105 1,559,048 -12,025 -0.77 102,135 8.75 1.2462
2017-01-30 2016-12-31 13F Franco-Nevada COM 351858105 1,571,073 -205,930 -11.59 93,919 -24.35 1.2008
2016-10-31 2016-09-30 13F Franco-Nevada COM 351858105 1,777,003 -109,120 -5.79 124,154 -13.44 1.4906
2016-08-15 2016-06-30 13F/A-1 Franco-Nevada COM 351858105 1,886,123 1,163,328 160.95 143,435 223.31 1.7091
2016-07-29 2016-06-30 13F Franco-Nevada COM 351858105 694,923 52,856
2016-04-29 2016-03-31 13F Franco-Nevada COM 351858105 722,795 90,850 14.38 44,365 53.45 0.5876
2016-01-29 2015-12-31 13F Franco-Nevada COM 351858105 631,945 -36,460 -5.45 28,911 -1.74 0.3920
2015-10-30 2015-09-30 13F Franco-Nevada COM 351858105 668,405 -16,960 -2.47 29,423 -9.91 0.3936
2015-07-31 2015-06-30 13F Franco-Nevada COM 351858105 685,365 -148,025 -17.76 32,658 -19.27 0.3846
2015-04-30 2015-03-31 13F Franco-Nevada COM 351858105 833,390 833,390 0.00 40,453 0.4755
2015-01-30 2014-12-31 13F Franco-Nevada COM 351858105 0 -2,156,175 -100.00 0 -100.00
2014-10-30 2014-09-30 13F Franco-Nevada COM 351858105 2,156,175 78,200 3.76 105,664 -11.38 1.1728
2014-09-18 2014-06-30 13F/A-1 Franco-Nevada COM 351858105 2,077,975 2,077,975 427.47 119,232 568.72 1.1603
2014-07-30 2014-06-30 13F Franco-Nevada COM 351858105 2,077,975 119,232
2014-01-30 2013-12-31 13F Franco-Nevada COM 351858105 0 -1,335,100 -100.00 0 -100.00
2014-01-30 2013-12-31 13F Franco-Nevada COM 351858204 0 -1,335,100 0 0.0000
2013-10-30 2013-09-30 13F Franco-Nevada COM 351858204 1,335,100 -3,600 -0.27 60,569 26.39 0.7551
2013-10-30 2013-09-30 13F Franco-Nevada COM 351858105 393,950 13,700 17,830 0.2223
2013-07-30 2013-06-30 13F Franco-Nevada COM 351858204 1,338,700 1,338,700 47,924 0.6488
2013-07-30 2013-06-30 13F Franco-Nevada COM 351858105 380,250 380,250 13,602 0.1841
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.