Freeport-McMoran
693 hedge funds and large institutions have $12.3B invested in Freeport-McMoran in 2019 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 240 increasing their positions, 272 reducing their positions, and 104 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
0.24% more ownership
Funds ownership: 72.7% → 72.94% (+0.24%)
7% less funds holding
Funds holding: 743 → 693 (-50)
10% less capital invested
Capital invested by funds: $13.6B → $12.3B (-$1.31B)
12% less repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 272
33% less call options, than puts
Call options by funds: $344M | Put options by funds: $516M
40% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 104
Top Buyers
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$326M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$127M |
| 3 |
SG Americas Securities
New York
|
+$48.7M |
| 4 |
Barclays
London,
United Kingdom
|
+$37.6M |
| 5 |
KCM
Kingdon Capital Management
New York
|
+$36.6M |
Top Sellers
| 1 |
Citadel Advisors
Miami,
Florida
|
-$95.9M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$80.6M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
-$57.3M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$32.6M |
| 5 |
Bank of New York Mellon
New York
|
-$24M |
FCX Hedge Fund Activity: Q2 2019 in Review
693 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2019, worth a combined $12.3B — down 9.7% from $13.6B a quarter earlier.
Sellers outnumbered buyers: 104 funds closed out of FCX and 62 opened new positions — a net loss of 42 holders — while 272 trimmed existing stakes and 240 added.
The largest buyer was Capital Research Global Investors, adding an estimated $326M. The largest seller was Citadel Advisors, cutting an estimated $95.9M.
- 693 institutional investors held Freeport-McMoran (FCX) as of Q2 2019, down from 743 in Q1 2019.
- Funds reported $12.3B of Freeport-McMoran stock for Q2 2019, down 9.7% quarter-over-quarter.
- 62 funds opened new Freeport-McMoran positions in Q2 2019 and 104 closed out, a net change of -42 holders.
- The largest Freeport-McMoran buyer in Q2 2019 was Capital Research Global Investors, an estimated $326M added.
- The largest Freeport-McMoran seller in Q2 2019 was Citadel Advisors, an estimated $95.9M sold.
Based on aggregated 13F filings for Q2 2019.