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Freeport-McMoran
FCX

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: 31 → 43 (+12)

22% more capital invested

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

6% more funds holding

Funds holding: 853 → 902 (+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

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$390M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$183M
3
NC
Northern Cross
Massachusetts
+$172M
4
CLG
Cooperman Leon G
+$87.2M
5
WRF
Waddell & Reed Financial
Kansas
+$74.8M

Top Sellers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
-$176M
2
Two Sigma Investments
Two Sigma Investments
New York
-$110M
3
Bank of America
Bank of America
North Carolina
-$103M
4
CA
Commerzbank Aktiengesellschaft
Germany
-$100M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$97.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Adage Capital Partners
51
Adage Capital Partners
Massachusetts
$93M +$70.3M +2,300,000 +449%
Citigroup
52
Citigroup
New York
$91M -$7.03M -230,023 -8%
Credit Agricole
53
Credit Agricole
France
$89.2M +$82.4M +2,696,818 New
EVM
54
Eaton Vance Management
Massachusetts
$88M +$405K +13,261 +0.5%
Lazard Asset Management
55
Lazard Asset Management
New York
$86.2M -$1.56M -51,145 -2%
BlackRock
56
BlackRock
New York
$85.3M +$4.98M +162,849 +7%
Caisse de Depot et Placement du Quebec (CDPQ)
57
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$84.7M +$3.34M +109,300 +4%
DRZID
58
DePrince Race & Zollo Inc (DRZ)
Florida
$84M -$5.3M -173,520 -6%
AllianceBernstein
59
AllianceBernstein
Tennessee
$81.9M +$1.59M +52,002 +2%
SONJCPFA
60
State of New Jersey Common Pension Fund A
New Jersey
$81M +$70.3M +2,300,000 +1,533%
WRF
61
Waddell & Reed Financial
Kansas
$81M +$74.8M +2,447,500 New
CCM
62
Cornerstone Capital Management
Minnesota
$78.6M +$7.95M +260,181 +12%
OC
63
Oakmont Corp
California
$75.1M -$1.04M -34,100 -1%
RFC
64
Russell Frank Company
Washington
$74.3M -$442K -14,452 -0.6%
H
65
Hexavest
Quebec, Canada
$73.5M +$928K +30,366 +1%
Charles Schwab
66
Charles Schwab
California
$72.2M +$2.49M +81,458 +4%
EA
67
Euclid Advisors
Connecticut
$71.9M +$10.3M +336,510 +18%
New York State Teachers Retirement System (NYSTRS)
68
New York State Teachers Retirement System (NYSTRS)
New York
$71.7M -$306K -10,025 -0.5%
GF
69
Gabelli Funds
New York
$68.1M -$4.54M -148,698 -7%
Mitsubishi UFJ Trust & Banking
70
Mitsubishi UFJ Trust & Banking
Japan
$67M +$1.83M +59,732 +3%
APG Asset Management
71
APG Asset Management
Netherlands
$66.4M -$5.48M -179,274 -8%
AC
72
Alleghany Corporation
New York
$66.2M – – –
BIM
73
BlackRock Investment Management
Delaware
$65.8M +$2.87M +94,047 +5%
TA
74
Teachers Advisors
New York
$64.4M +$35M +1,146,216 +143%
SCP
75
Seizert Capital Partners
Michigan
$64.3M +$4.15M +135,947 +8%
1 2
3
4 5

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.