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Freeport-McMoran
FCX

709 hedge funds and large institutions have $14B invested in Freeport-McMoran in 2017 Q3 according to their latest regulatory filings, with 104 funds opening new positions, 224 increasing their positions, 262 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 64

17% more capital invested

Capital invested by funds: $11.9B → $14B (+$2.05B)

5% more funds holding

Funds holding: 675 → 709 (+34)

0.15% more ownership

Funds ownership: 68.15% → 68.3% (+0.15%)

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

15% less repeat investments, than reductions

Existing positions increased: 224 | Existing positions reduced: 262

53% less call options, than puts

Call options by funds: $447M | Put options by funds: $955M

Holders
709
Holders Change
+34
Holders Change %
+5.04%
% of All Funds
17.68%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.27%
New
104
Increased
224
Reduced
262
Closed
64
Calls
$447M
Puts
$955M
Net Calls
-$508M
Net Calls Change
+$6.22M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$140M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$108M
3
Bank of New York Mellon
Bank of New York Mellon
New York
+$52.3M
4
Millennium Management
Millennium Management
New York
+$45.2M
5
Bank of America
Bank of America
North Carolina
+$44.5M

Top Sellers

Rank Fund Capital Flow
1
IC
Icahn Carl
Florida
-$203M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$174M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$124M
4
ClearBridge Investments
ClearBridge Investments
New York
-$60M
5
CGM
Capital Growth Management
Massachusetts
-$50.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
CLOS
226
Compagnie Lombard Odier SCmA
Switzerland
$2.88M -$2.22M -158,000 -44%
RCM
227
Riverhead Capital Management
Delaware
$2.87M +$2.42M +172,316 +536%
VOAM
228
Vertex One Asset Management
British Columbia, Canada
$2.83M -$267K -19,000 -9%
GXMC
229
Global X Management Company
New York
$2.82M +$634K +45,141 +29%
FMI
230
Factory Mutual Insurance
Massachusetts
$2.81M – – –
EVM
231
Eaton Vance Management
Massachusetts
$2.81M -$2.46K -175 -0.1%
GL
232
GLG LLC
New York
$2.76M -$256K -18,253 -9%
JAM
233
Jupiter Asset Management
United Kingdom
$2.7M -$66K -4,700 -2%
PWM
234
Patriot Wealth Management
Texas
$2.65M +$2.66M +189,096 New
VRS
235
Virginia Retirement Systems
Virginia
$2.64M +$2.64M +188,000 New
RJFSA
236
Raymond James Financial Services Advisors
Florida
$2.63M +$136K +9,652 +5%
MSA
237
Mason Street Advisors
Wisconsin
$2.62M +$28.8K +2,048 +1%
HCMT
238
Highland Capital Management (Tennessee)
Tennessee
$2.61M +$357K +25,419 +16%
B
239
Bailard
California
$2.58M +$2.58M +183,815 New
DILIC
240
Dai-ichi Life Insurance Company
Japan
$2.56M – – –
US Bancorp
241
US Bancorp
Minnesota
$2.54M -$173K -12,337 -6%
EIM
242
Essex Investment Management
Massachusetts
$2.5M +$2.5M +177,945 New
IG
243
ING Group
Netherlands
$2.49M -$439K -31,240 -15%
PNC Financial Services Group
244
PNC Financial Services Group
Pennsylvania
$2.44M +$126K +9,002 +5%
ZIG
245
Zurich Insurance Group
Switzerland
$2.44M -$2.83M -201,399 -54%
B
246
Barings
North Carolina
$2.39M – – –
AW
247
ACG Wealth
Georgia
$2.39M +$187K +13,308 +8%
HC
248
Hourglass Capital
Texas
$2.38M – – –
Fayez Sarofim & Co
249
Fayez Sarofim & Co
Texas
$2.38M -$283K -20,150 -11%
CCP
250
Corient Capital Partners
California
$2.27M +$1.97M +139,949 +642%
8 9
10
11 12

FCX Hedge Fund Activity: Q3 2017 in Review

709 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2017, worth a combined $14B — up 17% from $11.9B a quarter earlier.

Buyers outnumbered sellers: 104 funds opened new FCX positions and 64 closed out — a net gain of 40 holders — while 224 added to existing stakes and 262 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $140M. The largest seller was Icahn Carl, cutting an estimated $203M.

  • 709 institutional investors held Freeport-McMoran (FCX) as of Q3 2017, up from 675 in Q2 2017.
  • Funds reported $14B of Freeport-McMoran stock for Q3 2017, up 17% quarter-over-quarter.
  • 104 funds opened new Freeport-McMoran positions in Q3 2017 and 64 closed out, a net change of +40 holders.
  • The largest Freeport-McMoran buyer in Q3 2017 was JP Morgan Chase, an estimated $140M added.
  • The largest Freeport-McMoran seller in Q3 2017 was Icahn Carl, an estimated $203M sold.

Based on aggregated 13F filings for Q3 2017.