SCHEDULE: FMR LLC Discloses 11.2% Stake in Franco-Nevada

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 11.2% in Franco-Nevada Corporation as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G, indicating their beneficial ownership of Franco-Nevada Corporation's common stock.
• As of March 31, 2026, the total beneficial ownership reported is 21,597,096.53 shares, representing 11.2% of the class.
• FMR LLC holds sole voting power for 21,229,924.13 shares and sole dispositive power for 21,597,096.53 shares.
• Abigail P. Johnson is identified as a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting shares.
• The filing indicates that other persons have the right to receive or direct the sale of dividends from these securities, but no single other person's interest exceeds five percent.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of significant beneficial ownership by an institutional investor and does not contain operational or financial performance information.

Positives

• Significant beneficial ownership stake of 11.2% in Franco-Nevada Corporation by FMR LLC and Abigail P. Johnson.
• Clear reporting of voting and dispositive power, indicating transparency in ownership.

Negatives

• The filing does not contain financial performance data or operational updates, focusing solely on ownership disclosure.

Risks

• Potential for future changes in ownership stake, which could influence market dynamics.
• The influence of the Johnson family group and their voting agreement on FMR LLC's decisions regarding Franco-Nevada.

Future Outlook

No specific future outlook or guidance is provided in this ownership filing.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FMR LLC, a major investment management firm, signifies a substantial institutional holding in Franco-Nevada Corporation, a prominent player in the precious metals streaming and royalty sector. Such filings are common for large asset managers and indicate a significant investment position.

Related Party Transactions

• The filing mentions that members of the Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's voting shares and have entered into a shareholders' voting agreement.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a major institutional investor like FMR LLC can be viewed positively, potentially indicating confidence in the company's long-term prospects.
• Management: The substantial ownership may influence management's strategic decisions and corporate governance practices.
• Market: The filing provides transparency on a significant ownership block, which is important for market participants assessing the company's shareholder base.

Next Steps

• Continued monitoring of FMR LLC's ownership stake in Franco-Nevada Corporation for any future changes.
• Analysis of Franco-Nevada Corporation's operational and financial performance to assess the underlying value of the investment.

Key Dates

Keywords

Franco-Nevada Corporation, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Shareholder