Freeport-McMoran
1,454 hedge funds and large institutions have $55.3B invested in Freeport-McMoran in 2024 Q1 according to their latest regulatory filings, with 168 funds opening new positions, 610 increasing their positions, 494 reducing their positions, and 122 closing their positions.
68% more funds holding in top 10
Funds holding in top 10: 28 → 47 (+19)
38% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 122
37% more call options, than puts
Call options by funds: $2.89B | Put options by funds: $2.11B
23% more repeat investments, than reductions
Existing positions increased: 610 | Existing positions reduced: 494
11% more capital invested
Capital invested by funds: $49.8B → $55.3B (+$5.49B)
2% more funds holding
Funds holding: 1,421 → 1,454 (+33)
0.35% more ownership
Funds ownership: 81.67% → 82.02% (+0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$707M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$531M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$359M |
| 4 |
CHP
Castle Hook Partners
New York
|
+$222M |
| 5 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$192M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$668M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$592M |
| 3 |
PIF
Public Investment Fund
Al Aqiq District, Riyadh,
Saudi Arabia
|
-$549M |
| 4 |
JP Morgan Chase
New York
|
-$278M |
| 5 |
AIM
Alphinity Investment Management
Sydney,
Australia
|
-$265M |
FCX Hedge Fund Activity: Q1 2024 in Review
1,454 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q1 2024, worth a combined $55.3B — up 11% from $49.8B a quarter earlier.
Buyers outnumbered sellers: 168 funds opened new FCX positions and 122 closed out — a net gain of 46 holders — while 610 added to existing stakes and 494 trimmed.
The largest buyer was Franklin Resources, adding an estimated $707M. The largest seller was Morgan Stanley, cutting an estimated $668M.
- 1,454 institutional investors held Freeport-McMoran (FCX) as of Q1 2024, up from 1,421 in Q4 2023.
- Funds reported $55.3B of Freeport-McMoran stock for Q1 2024, up 11% quarter-over-quarter.
- 168 funds opened new Freeport-McMoran positions in Q1 2024 and 122 closed out, a net change of +46 holders.
- The largest Freeport-McMoran buyer in Q1 2024 was Franklin Resources, an estimated $707M added.
- The largest Freeport-McMoran seller in Q1 2024 was Morgan Stanley, an estimated $668M sold.
Based on aggregated 13F filings for Q1 2024.