Freeport-McMoran
917 hedge funds and large institutions have $24.7B invested in Freeport-McMoran in 2014 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 344 increasing their positions, 365 reducing their positions, and 85 closing their positions.
1.25% more ownership
Funds ownership: 71.65% → 72.9% (+1.3%)
6% less repeat investments, than reductions
Existing positions increased: 344 | Existing positions reduced: 365
3% less funds holding
Funds holding: 948 → 917 (-31)
9% less capital invested
Capital invested by funds: $27.2B → $24.7B (-$2.47B)
23% less call options, than puts
Call options by funds: $814M | Put options by funds: $1.06B
26% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 85
34% less funds holding in top 10
Funds holding in top 10: 32 → 21 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$257M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$192M |
| 3 |
JP Morgan Chase
New York
|
+$190M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$171M |
| 5 |
SC
Sasco Capital
Fairfield,
Connecticut
|
+$161M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$208M |
| 2 |
PC
Paulson & Co
New York
|
-$193M |
| 3 |
Goldman Sachs
New York
|
-$127M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$94.9M |
| 5 |
RL
Ruffer LLP
London,
United Kingdom
|
-$86.9M |
FCX Hedge Fund Activity: Q3 2014 in Review
917 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2014, worth a combined $24.7B — down 9.1% from $27.2B a quarter earlier.
Sellers outnumbered buyers: 85 funds closed out of FCX and 63 opened new positions — a net loss of 22 holders — while 365 trimmed existing stakes and 344 added.
The largest buyer was Fidelity Investments, adding an estimated $257M. The largest seller was Franklin Resources, cutting an estimated $208M.
- 917 institutional investors held Freeport-McMoran (FCX) as of Q3 2014, down from 948 in Q2 2014.
- Funds reported $24.7B of Freeport-McMoran stock for Q3 2014, down 9.1% quarter-over-quarter.
- 63 funds opened new Freeport-McMoran positions in Q3 2014 and 85 closed out, a net change of -22 holders.
- The largest Freeport-McMoran buyer in Q3 2014 was Fidelity Investments, an estimated $257M added.
- The largest Freeport-McMoran seller in Q3 2014 was Franklin Resources, an estimated $208M sold.
Based on aggregated 13F filings for Q3 2014.