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Freeport-McMoran

902 hedge funds and large institutions have $24.3B invested in Freeport-McMoran in 2013 Q3 according to their latest regulatory filings, with 121 funds opening new positions, 344 increasing their positions, 328 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 121 | Existing positions closed: 63

39% more funds holding in top 10

Funds holding in top 10: 3143 (+12)

22% more capital invested

Capital invested by funds: $20B → $24.3B (+$4.37B)

6% more funds holding

Funds holding: 853902 (+49)

1.23% more ownership

Funds ownership: 69.77%71.01% (+1.2%)

5% more repeat investments, than reductions

Existing positions increased: 344 | Existing positions reduced: 328

3% more call options, than puts

Call options by funds: $1.16B | Put options by funds: $1.13B

Holders
902
Holders Change
+49
Holders Change %
+5.74%
% of All Funds
29.25%
Holding in Top 10
43
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+38.71%
% of All Funds
1.39%
New
121
Increased
344
Reduced
328
Closed
63
Calls
$1.16B
Puts
$1.13B
Net Calls
+$39M
Net Calls Change
+$177M
Name Holding Trade Value Shares
Change
Change in
Stake
PHAM
26
Pacific Heights Asset Management
California
$176M
T. Rowe Price Associates
27
T. Rowe Price Associates
Maryland
$176M +$7.42M +242,900 +5%
MAM
28
Marketfield Asset Management
New York
$169M +$23.9M +782,015 +18%
BA
29
BlackRock Advisors
Delaware
$164M +$239K +7,830 +0.2%
GTP
30
Global Thematic Partners
New York
$159M -$16.7M -545,727 -10%
Legal & General Group
31
Legal & General Group
United Kingdom
$158M +$3.06M +100,257 +2%
Invesco
32
Invesco
Georgia
$156M +$60.3M +1,971,549 +72%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$142M -$97.4M -3,188,335 -43%
SF
34
Sarofim Fayez
Texas
$138M +$127M +4,166,138 New
Wells Fargo
35
Wells Fargo
California
$134M +$9.37M +306,466 +8%
Ameriprise
36
Ameriprise
Minnesota
$127M -$23.2M -760,792 -17%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$126M +$30.4M +996,348 +35%
IG
38
ING Group
Netherlands
$124M -$18.7M -611,309 -14%
NAMA
39
Nikko Asset Management Americas
New York
$119M -$1.92M -62,800 -2%
KFC
40
Klingenstein Fields & Co
New York
$117M +$2.17M +70,938 +2%
O
41
OppenheimerFunds
New York
$113M -$13.3M -434,250 -11%
Sumitomo Mitsui Trust Group
42
Sumitomo Mitsui Trust Group
Japan
$109M -$1.04M -33,904 -1%
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$107M -$3.74M -122,533 -4%
PI
44
Putnam Investments
Massachusetts
$105M -$6.1M -199,687 -6%
AIM
45
abrdn Investment Management
United Kingdom
$104M -$4.61M -150,751 -5%
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$98.9M +$5.08M +166,137 +6%
UBS AM
47
UBS AM
Illinois
$98.1M -$41.9M -1,369,701 -32%
CM
48
CS McKee
Pennsylvania
$97.9M -$4.86M -158,878 -5%
HSBC Holdings
49
HSBC Holdings
United Kingdom
$96.2M -$16.1M -527,020 -15%
CLG
50
Cooperman Leon G
$94.4M +$87.2M +2,852,300 New

FCX Hedge Fund Activity: Q3 2013 in Review

902 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2013, worth a combined $24.3B — up 22% from $20B a quarter earlier.

Buyers outnumbered sellers: 121 funds opened new FCX positions and 63 closed out — a net gain of 58 holders — while 344 added to existing stakes and 328 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $390M. The largest seller was Allianz Asset Management, cutting an estimated $176M.

  • 902 institutional investors held Freeport-McMoran (FCX) as of Q3 2013, up from 853 in Q2 2013.
  • Funds reported $24.3B of Freeport-McMoran stock for Q3 2013, up 22% quarter-over-quarter.
  • 121 funds opened new Freeport-McMoran positions in Q3 2013 and 63 closed out, a net change of +58 holders.
  • The largest Freeport-McMoran buyer in Q3 2013 was JP Morgan Chase, an estimated $390M added.
  • The largest Freeport-McMoran seller in Q3 2013 was Allianz Asset Management, an estimated $176M sold.

Based on aggregated 13F filings for Q3 2013.