Freeport-McMoran
675 hedge funds and large institutions have $11.9B invested in Freeport-McMoran in 2017 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 244 increasing their positions, 246 reducing their positions, and 90 closing their positions.
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
1% less repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 246
5.78% less ownership
Funds ownership: 73.93% → 68.15% (-5.8%)
6% less funds holding
Funds holding: 718 → 675 (-43)
12% less capital invested
Capital invested by funds: $13.5B → $11.9B (-$1.62B)
40% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 90
62% less call options, than puts
Call options by funds: $314M | Put options by funds: $829M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$79M |
| 2 |
Bank of New York Mellon
New York
|
+$70.5M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$53.5M |
| 4 |
D.E. Shaw & Co
New York
|
+$42.7M |
| 5 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$37.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$297M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$110M |
| 3 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
-$92.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$82.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$36.7M |
FCX Hedge Fund Activity: Q2 2017 in Review
675 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2017, worth a combined $11.9B — down 12% from $13.5B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of FCX and 54 opened new positions — a net loss of 36 holders — while 246 trimmed existing stakes and 244 added.
The largest buyer was Vanguard Group, adding an estimated $79M. The largest seller was Capital Research Global Investors, cutting an estimated $297M.
- 675 institutional investors held Freeport-McMoran (FCX) as of Q2 2017, down from 718 in Q1 2017.
- Funds reported $11.9B of Freeport-McMoran stock for Q2 2017, down 12% quarter-over-quarter.
- 54 funds opened new Freeport-McMoran positions in Q2 2017 and 90 closed out, a net change of -36 holders.
- The largest Freeport-McMoran buyer in Q2 2017 was Vanguard Group, an estimated $79M added.
- The largest Freeport-McMoran seller in Q2 2017 was Capital Research Global Investors, an estimated $297M sold.
Based on aggregated 13F filings for Q2 2017.