Marathon Asset Management 13F: Cuts FNV Stake by $14M

On October 26, 2026, Marathon Asset Management reduced its stake in Franco-Nevada Corporation (FNV) by 58,694 shares. This change, disclosed in a filing with the SEC, leaves the fund with a total of 192,300 shares valued at approximately $45.9 million.

FNV Franco-Nevada Corporation

$230.66 ▲ +11.19% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Marathon Asset Management's Franco-Nevada Position

Marathon Asset Management cut its position in Franco-Nevada by 58,694 shares, which is a 23.4% decrease from its previous total of 250,994 shares. The total reported value of the fund's investment in Franco-Nevada is now $45,889,017.

Where Franco-Nevada Fits in Marathon Asset Management's Portfolio

Franco-Nevada now represents 3.64% of Marathon's total reported 13F value of $1,262,270,305, ranking it ninth among the fund's 76 positions.

Other Institutional Activity in Franco-Nevada

Several other funds have also adjusted their positions in Franco-Nevada recently. Massachusetts Financial Services Co. reduced its holdings by 47,703 shares, ending with 11,045,957 shares worth about $2.55 billion. Van Eck Associates Corporation cut its stake by 533,876 shares, bringing its total to 7,017,409 shares valued at approximately $1.62 billion. FIL LTD, on the other hand, increased its holdings by 918,522 shares, ending with 6,814,044 shares valued at around $1.57 billion.

Franco-Nevada Corporation Stock Up 0.8%

Franco-Nevada shares recently traded around $230.66, which is about equal to the closing price on October 26, 2026. The stock is currently below its 50-day moving average of $252.61 and its 200-day moving average of $239.98. It is also about 19.3% below its 52-week high of $285.67, but 27.1% above its 52-week low of $181.50.

Recent Earnings

Franco-Nevada reported trailing twelve-month revenue of about $2.3 billion, with a net margin of 64.2%. The company is scheduled to announce its next earnings on November 11, 2026.

Dividend

Franco-Nevada pays an annual dividend of $1.76 per share, which results in a yield of 0.76%. The dividend payout ratio stands at 21.4%.

Analysts Set New Price Targets

Analysts have maintained various ratings for Franco-Nevada. On July 6, 2026, Jefferies maintained a "Hold" rating with a price target of $245. RBC Capital also maintained an "Outperform" rating with a target of $285 on July 9, 2026. The consensus recommendation for the stock remains a "Buy" with a mean price target of $282.36, based on nine analyst opinions.

About Franco-Nevada Corporation

Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals across various regions, including North America and South America. The company generates revenue through its Precious Metals and Other Mining and Energy segments, making it a key player in the gold industry.

Bottom Line

Investors should keep an eye on Franco-Nevada's upcoming earnings report on November 11, 2026, and monitor further filings from Marathon Asset Management and other funds for any additional changes in positions.