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Ray Dalio's Franco-Nevada Corporation (FNV) position

Not anymore: Ray Dalio fully exited FNV in Q1 2024. The position peaked at $15M in Q4 2022.
View full portfolio →
Value at exit
$2.3M
Shares at exit
21K
Est. average buy price (i)
$126.68
Quarter-end price
$110.81

Estimated trade prices

Average price in quarters with purchases
$131.11
Average prices in quarters with sales
  • Q3 2023: $141.34 (3K shares sold)
  • Q2 2023: $150.03 (6K shares sold)
  • Q1 2023: $139.43 (88K shares sold)
  • Q3 2021: $146.54 (182 shares sold)
  • Q2 2021: $144.69 (640 shares sold)

FNV price vs Dalio's position

Dates
$100$150$200$250$30020222023202420252026Sold 182 shares (3.4%) · Q3 2021. Average closing price $146.54 · Price range $128.74–$161.28182sharessoldNew position of 107K shares · Q4 2022. Average closing price $132.04 · Price range $115.16–$147.26107KsharespurchasedSold 88K shares (81.9%) · Q1 2023. Average closing price $139.43 · Price range $124.54–$150.9288KsharessoldSold 6K shares (32.2%) · Q2 2023. Average closing price $150.03 · Price range $136.72–$160.426KsharessoldSold 3K shares (24.3%) · Q3 2023. Average closing price $141.34 · Price range $131.87–$148.363KsharessoldAdded 11K shares (106.9%) · Q4 2023. Average closing price $121.65 · Price range $103.80–$140.8911Ksharespurchased← Earlier —1 sell
Average closing price · filing quarter
$121.65
Price range · filing quarter
$103.80 – $140.89

Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q1 2024 Exited −21K −$2.3M −100.0% 0 May 14, 2024
Q4 2023 Added +11K +$1.3M +106.9% 21K Feb 14, 2024
Q3 2023 Reduced −3K −$453K −24.3% 10K Nov 13, 2023
Q2 2023 Reduced −6K −$942K −32.2% 13K Aug 11, 2023
Q1 2023 Reduced −88K −$12M −81.9% 19K May 12, 2023
Q4 2022 New +107K +$14M 107K Feb 13, 2023
Q3 2021 Reduced −182 −$27K −3.4% 5K Nov 12, 2021
Q2 2021 Reduced −640 −$93K −10.8% 5K Aug 13, 2021
Q1 2021 First covered 6K May 14, 2021
Data through Q1 2024 · filed May 14, 2024
9 grouped rows from 9 quarters

Who else owns FNV

FMR LLC

owns 11.2% of shares outstanding
Est. $2.4B · Shares: 21.6M

Massachusetts Financial Services Co

owns 5.8% of shares outstanding
Est. $1.2B · Shares: 11.1M

Van Eck Associates Corp

owns 3.9% of shares outstanding
Est. $837M · Shares: 7.6M

Fil Ltd

owns 3.1% of shares outstanding
Est. $653M · Shares: 5.9M

See all owners of FNV →

More Dalio positions

Common questions

Does Ray Dalio own FNV?

Not currently. Ray Dalio fully exited FNV in Q1 2024, and the complete history is above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy FNV?

Ray Dalio held FNV since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell FNV?

Yes. Ray Dalio reduced and then fully exited FNV by Q1 2024; the reductions are in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of FNV does Ray Dalio own?

None as of the latest filing: Ray Dalio has exited FNV. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for FNV?

Ray Dalio's estimated average buy price for FNV is $126.68, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.