Freeport-McMoran
786 hedge funds and large institutions have $18.3B invested in Freeport-McMoran in 2018 Q1 according to their latest regulatory filings, with 119 funds opening new positions, 245 increasing their positions, 278 reducing their positions, and 55 closing their positions.
116% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 55
8% more funds holding
Funds holding: 731 → 786 (+55)
1.31% more ownership
Funds ownership: 70.63% → 71.94% (+1.3%)
6% less capital invested
Capital invested by funds: $19.4B → $18.3B (-$1.1B)
12% less repeat investments, than reductions
Existing positions increased: 245 | Existing positions reduced: 278
33% less funds holding in top 10
Funds holding in top 10: 21 → 14 (-7)
52% less call options, than puts
Call options by funds: $396M | Put options by funds: $832M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$162M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$103M |
| 3 |
Millennium Management
New York
|
+$98M |
| 4 |
Renaissance Technologies
New York
|
+$83.4M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$79.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
-$507M |
| 2 |
Bank of New York Mellon
New York
|
-$91.9M |
| 3 |
State Street
Boston,
Massachusetts
|
-$67.2M |
| 4 |
ClearBridge Investments
New York
|
-$57M |
| 5 |
NAMA
Nikko Asset Management Americas
New York
|
-$33.8M |
FCX Hedge Fund Activity: Q1 2018 in Review
786 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q1 2018, worth a combined $18.3B — down 5.7% from $19.4B a quarter earlier.
Buyers outnumbered sellers: 119 funds opened new FCX positions and 55 closed out — a net gain of 64 holders — while 245 added to existing stakes and 278 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $162M. The largest seller was Icahn Carl, cutting an estimated $507M.
- 786 institutional investors held Freeport-McMoran (FCX) as of Q1 2018, up from 731 in Q4 2017.
- Funds reported $18.3B of Freeport-McMoran stock for Q1 2018, down 5.7% quarter-over-quarter.
- 119 funds opened new Freeport-McMoran positions in Q1 2018 and 55 closed out, a net change of +64 holders.
- The largest Freeport-McMoran buyer in Q1 2018 was Fidelity Investments, an estimated $162M added.
- The largest Freeport-McMoran seller in Q1 2018 was Icahn Carl, an estimated $507M sold.
Based on aggregated 13F filings for Q1 2018.