Franco-Nevada Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:3FO Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
25 Mar 26	Sell€272,378	Lloyd Hong	Individual	1,351	€201.61
25 Mar 26	Sell€343,267	Eaun Gray	Individual	1,700	€201.92
25 Mar 26	Sell€667,416	Sandip Rana	Individual	3,300	€202.25
25 Mar 26	Sell€1,335,814	Paul Brink	Individual	6,603	€202.30
17 Nov 25	Sell€669,821	Stuart Gardiner	Individual	11,622	€169.93
30 Sep 25	Sell€7,537,301	David Harquail	Individual	40,000	€188.43
30 Sep 25	Sell€67,189	Adrian Wong	Individual	355	€189.41
26 Sep 25	Sell€5,544,896	David Harquail	Individual	30,000	€185.76
22 Sep 25	Sell€5,458,825	David Harquail	Individual	30,000	€182.00
19 Sep 25	Sell€229,922	Adrian Wong	Individual	1,300	€176.86
19 Sep 25	Sell€7,140,680	David Harquail	Individual	40,000	€178.87
17 Sep 25	Sell€2,561,752	David Harquail	Individual	15,000	€170.78
26 Aug 25	Sell€49,335	Adrian Wong	Individual	310	€159.14

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 3FO?
Owner Type	Number of Shares	Ownership Percentage
State or Government	108,819	0.0562%
Individual Insiders	420,775	0.217%
General Public	47,673,196	24.6%
Institutions	145,285,210	75.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 51.96% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11%	FMR LLC	21,283,690	€3.9b	6.15%	0.2%
5.73%	Massachusetts Financial Services Company	11,093,148	€2.0b	-5.09%	0.51%
3.9%	Van Eck Associates Corporation	7,551,096	€1.4b	1.48%	0.83%
3.41%	Capital Research and Management Company	6,603,725	€1.2b	1.63%	0.05%
3.05%	Fidelity International Ltd	5,895,278	€1.1b	-2.02%	0.41%
2.87%	Vanguard Capital Management, LLC	5,549,187	€1.0b	0%	0.02%
2.73%	First Eagle Investment Management, LLC	5,274,537	€968.4m	2.95%	1.04%
2.64%	BMO Asset Management Corp.	5,108,197	€937.8m	-2.35%	0.32%
1.79%	EdgePoint Investment Group Inc.	3,461,224	€635.5m	3.29%	3.13%
1.44%	Norges Bank Investment Management	2,791,151	€512.4m	0%	0.03%
1.35%	1832 Asset Management L.P.	2,609,825	€479.1m	0.29%	0.51%
1.26%	Mackenzie Financial Corporation	2,444,774	€448.8m	6.02%	0.44%
1.15%	Renaissance Technologies LLC	2,218,918	€407.4m	-10.5%	0.64%
1%	Geode Capital Management, LLC	1,934,850	€355.2m	0.14%	0.02%
0.98%	RBC Global Asset Management Inc.	1,889,404	€346.9m	19.7%	0.17%
0.93%	T. Rowe Price Group, Inc.	1,796,558	€329.8m	-27.5%	0.03%
0.92%	Arrowstreet Capital, Limited Partnership	1,782,913	€327.3m	-24.6%	0.18%
0.87%	Vanguard Fiduciary Trust Company	1,684,025	€309.2m	-1.81%	0.04%
0.81%	TD Asset Management, Inc.	1,574,286	€289.0m	-19.7%	0.21%
0.79%	Deutsche Asset & Wealth Management	1,530,283	€280.9m	-14%	0.07%
0.7%	National Bank Investments Inc.	1,353,107	€248.4m	4.15%	0.24%
0.68%	Canadian Imperial Bank of Commerce	1,320,804	€242.5m	-2.73%	0.42%
0.67%	Two Sigma Investments, LP	1,293,237	€237.4m	218%	0.21%
0.67%	The Toronto-Dominion Bank	1,290,771	€237.0m	50.9%	0.24%
0.62%	Amundi Asset Management SAS	1,192,568	€218.9m	2.41%	0.04%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/08 01:03
End of Day Share Price	2026/07/08 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Franco-Nevada Corporation is covered by 30 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harriet Li	Accountability Research Corporation
Farooq Hamed	Barclays
Matthew Murphy	BMO Capital Markets Equity Research