Freeport-McMoran
FCX
764 hedge funds and large institutions have $18B invested in Freeport-McMoran in 2018 Q2 according to their latest regulatory filings, with 79 funds opening new positions, 294 increasing their positions, 259 reducing their positions, and 92 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 294 | Existing positions reduced: 259
0.15% more ownership
Funds ownership: 71.94% → 72.09% (+0.15%)
2% less capital invested
Capital invested by funds: $18.3B → $18B (-$275M)
3% less funds holding
Funds holding: 786 → 764 (-22)
14% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 92
21% less funds holding in top 10
Funds holding in top 10: 14 → 11 (-3)
25% less call options, than puts
Call options by funds: $690M | Put options by funds: $924M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$246M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$188M |
| 3 |
Bank of New York Mellon
New York
|
+$102M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$86.4M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$72.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$197M |
| 2 |
D.E. Shaw & Co
New York
|
-$99.8M |
| 3 |
Renaissance Technologies
New York
|
-$87.2M |
| 4 |
Millennium Management
New York
|
-$77.7M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$73.6M |
FCX Hedge Fund Activity: Q2 2018 in Review
764 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2018, worth a combined $18B — down 1.5% from $18.3B a quarter earlier.
Sellers outnumbered buyers: 92 funds closed out of FCX and 79 opened new positions — a net loss of 13 holders — while 259 trimmed existing stakes and 294 added.
The largest buyer was Fisher Asset Management, opening a new position worth an estimated $246M. The largest seller was Fidelity Investments, cutting an estimated $197M.
- 764 institutional investors held Freeport-McMoran (FCX) as of Q2 2018, down from 786 in Q1 2018.
- Funds reported $18B of Freeport-McMoran stock for Q2 2018, down 1.5% quarter-over-quarter.
- 79 funds opened new Freeport-McMoran positions in Q2 2018 and 92 closed out, a net change of -13 holders.
- The largest Freeport-McMoran buyer in Q2 2018 was Fisher Asset Management, an estimated $246M added.
- The largest Freeport-McMoran seller in Q2 2018 was Fidelity Investments, an estimated $197M sold.
Based on aggregated 13F filings for Q2 2018.