SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain Significant Passive Stake in Franco Nevada Corp
Schedule 13G Amendment
FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a continued passive beneficial ownership of 6.3% of Franco Nevada Corp's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 12,117,998.46 shares of Franco Nevada Corp's common stock.
- This aggregate amount represents 6.3% of the total outstanding common stock of Franco Nevada Corp.
- FMR LLC holds sole voting power over 11,862,258.40 shares and sole dispositive power over 12,117,998.46 shares.
- Abigail P. Johnson holds sole dispositive power over 12,117,998.46 shares, with no sole or shared voting power.
- The filing is an Amendment No. 17 to Schedule 13G, indicating a passive investment purpose and not an intent to change or influence control of the issuer.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, FMR Investment Management (UK) Limited, and Strategic Advisers LLC, are identified as entities that beneficially own shares.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as it indicates a continued, stable, and passive investment by a major institutional holder, suggesting confidence without any immediate red flags or activist intentions.
Positives
- The continued significant stake by a major institutional investor like FMR LLC and its affiliates may signal ongoing confidence in Franco Nevada Corp's long-term prospects.
- The passive nature of the investment, as indicated by the Schedule 13G filing, suggests stability and no immediate intent for activist intervention.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Franco Nevada Corp's future performance or operations, as it pertains solely to beneficial ownership reporting.
Industry Context
This filing reflects a routine disclosure of a significant passive ownership stake by a large asset manager in a publicly traded company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact that a major financial institution maintains an investment in the mining royalty and streaming sector.
Stakeholder Impact
- Shareholders: The continued significant ownership by FMR LLC and Abigail P. Johnson may be viewed as a positive signal of long-term confidence in Franco Nevada Corp, potentially reassuring existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC and its direct and indirect subsidiaries. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 03/31/2025 | Date of event which requires the filing of this statement (reporting period end date). |
| 05/09/2025 | Date of filing of this Schedule 13G Amendment No. 17. |
Keywords
Franco Nevada Corp, FMR LLC, Abigail P. Johnson, Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, Passive Investment, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.