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Freeport-McMoran

700 hedge funds and large institutions have $6.18B invested in Freeport-McMoran in 2015 Q4 according to their latest regulatory filings, with 83 funds opening new positions, 231 increasing their positions, 299 reducing their positions, and 87 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.68% more ownership

Funds ownership: 76.71%78.39% (+1.7%)

5% less first-time investments, than exits

New positions opened: 83 | Existing positions closed: 87

2% less funds holding

Funds holding: 717700 (-17)

23% less repeat investments, than reductions

Existing positions increased: 231 | Existing positions reduced: 299

27% less capital invested

Capital invested by funds: $8.41B → $6.18B (-$2.23B)

56% less call options, than puts

Call options by funds: $213M | Put options by funds: $482M

64% less funds holding in top 10

Funds holding in top 10: 145 (-9)

Holders
700
Holders Change
-17
Holders Change %
-2.37%
% of All Funds
18.36%
Holding in Top 10
5
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-64.29%
% of All Funds
0.13%
New
83
Increased
231
Reduced
299
Closed
87
Calls
$213M
Puts
$482M
Net Calls
-$269M
Net Calls Change
-$15.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$41.5M +$22M +2,309,016 +60%
SAC
27
Smith Affiliated Capital
New York
$40.6M
Legal & General Group
28
Legal & General Group
United Kingdom
$40.3M +$6.27M +657,914 +12%
Dimensional Fund Advisors
29
Dimensional Fund Advisors
Texas
$40.1M -$951K -99,802 -2%
USAA
30
United Services Automobile Association
Texas
$38.3M +$12.6M +1,323,296 +31%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$37.4M +$49.5M +5,195,795 +1,549%
JP Morgan Chase
32
JP Morgan Chase
New York
$34.5M -$5.47M -574,477 -10%
UBS Group
33
UBS Group
Switzerland
$33.4M +$9.37M +983,889 +25%
Lazard Asset Management
34
Lazard Asset Management
New York
$33.4M +$12.2M +1,285,117 +35%
VanEck Associates
35
VanEck Associates
New York
$31.2M -$441K -46,299 -1%
GC
36
Guggenheim Capital
Illinois
$31M +$18.1M +1,905,078 +71%
Sumitomo Mitsui Trust Group
37
Sumitomo Mitsui Trust Group
Japan
$31M -$1.48M -155,260 -3%
Wells Fargo
38
Wells Fargo
California
$29.5M -$9.29M -975,538 -18%
Charles Schwab
39
Charles Schwab
California
$29.5M +$7.86M +824,656 +23%
BIM
40
BlackRock Investment Management
Delaware
$29.1M +$14.5M +1,520,960 +55%
GI
41
GAMCO Investors
Connecticut
$28.3M +$13.8M +1,448,002 +53%
PHAM
42
Pacific Heights Asset Management
California
$27.6M -$4.86M -510,000 -11%
WRF
43
Waddell & Reed Financial
Kansas
$26.5M -$38.7M -4,059,424 -51%
California Public Employees Retirement System
44
California Public Employees Retirement System
California
$26.3M +$2.12M +222,800 +6%
BlackRock
45
BlackRock
New York
$25.7M +$871K +91,392 +2%
CS
46
Credit Suisse
Switzerland
$25.2M +$2M +209,541 +6%
T. Rowe Price Associates
47
T. Rowe Price Associates
Maryland
$24.7M -$3.39M -355,680 -9%
AM
48
Appaloosa Management
Florida
$24.1M +$33.9M +3,557,460 New
PFC
49
Poplar Forest Capital
California
$23.6M +$12.6M +1,322,878 +61%
TCIM
50
TIAA CREF Investment Management
New York
$23.3M +$3.1M +325,424 +10%

FCX Hedge Fund Activity: Q4 2015 in Review

700 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q4 2015, worth a combined $6.18B — down 27% from $8.41B a quarter earlier.

Sellers outnumbered buyers: 87 funds closed out of FCX and 83 opened new positions — a net loss of 4 holders — while 299 trimmed existing stakes and 231 added.

The largest buyer was Vanguard Group, adding an estimated $212M. The largest seller was Citigroup, cutting an estimated $135M.

  • 700 institutional investors held Freeport-McMoran (FCX) as of Q4 2015, down from 717 in Q3 2015.
  • Funds reported $6.18B of Freeport-McMoran stock for Q4 2015, down 27% quarter-over-quarter.
  • 83 funds opened new Freeport-McMoran positions in Q4 2015 and 87 closed out, a net change of -4 holders.
  • The largest Freeport-McMoran buyer in Q4 2015 was Vanguard Group, an estimated $212M added.
  • The largest Freeport-McMoran seller in Q4 2015 was Citigroup, an estimated $135M sold.

Based on aggregated 13F filings for Q4 2015.