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Freeport-McMoran
FCX

860 hedge funds and large institutions have $17.5B invested in Freeport-McMoran in 2014 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 284 increasing their positions, 391 reducing their positions, and 149 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 72.9% → 72.28% (-0.63%)

6% less funds holding

Funds holding: 917 → 860 (-57)

27% less repeat investments, than reductions

Existing positions increased: 284 | Existing positions reduced: 391

29% less first-time investments, than exits

New positions opened: 106 | Existing positions closed: 149

29% less capital invested

Capital invested by funds: $24.7B → $17.5B (-$7.21B)

32% less call options, than puts

Call options by funds: $539M | Put options by funds: $791M

38% less funds holding in top 10

Funds holding in top 10: 21 → 13 (-8)

Holders
860
Holders Change
-57
Holders Change %
-6.22%
% of All Funds
22.93%
Holding in Top 10
13
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-38.1%
% of All Funds
0.35%
New
106
Increased
284
Reduced
391
Closed
149
Calls
$539M
Puts
$791M
Net Calls
-$253M
Net Calls Change
-$10.6M

Top Buyers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
+$209M
2
Franklin Resources
Franklin Resources
California
+$144M
3
GTP
Global Thematic Partners
New York
+$128M
4
Capital Research Global Investors
Capital Research Global Investors
California
+$105M
5
Two Sigma Investments
Two Sigma Investments
New York
+$102M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$543M
2
WRF
Waddell & Reed Financial
Kansas
-$272M
3
BG
BlackRock Group
United Kingdom
-$166M
4
MAM
Marketfield Asset Management
New York
-$166M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$132M
Name Holding Trade Value Shares
Change 		Change in
Stake
KC
901
Kingfisher Capital
North Carolina
– -$1.09M -33,518 Closed
CAM
902
CG Asset Management
New York
– -$1.09M -33,446 Closed
Capstone Investment Advisors
903
Capstone Investment Advisors
New York
– -$1.03M -31,652 Closed
BF
904
BOK Financial
Oklahoma
– -$1.02M -31,387 Closed
QIM
905
Quantitative Investment Management
Virginia
– -$946K -29,000 Closed
ACM
906
Advent Capital Management
New York
– -$816K -25,000 Closed
FPCP
907
Fort Point Capital Partners
California
– -$733K -22,440 Closed
TU
908
TDAM USA
Ontario, Canada
– -$709K -21,706 Closed
PP
909
Paloma Partners
Connecticut
– -$675K -20,700 Closed
DD
910
Dominick & Dominick
New York
– -$652K -19,968 Closed
TCM
911
Tufton Capital Management
Maryland
– -$645K -19,754 Closed
FAM
912
Fortaleza Asset Management
Illinois
– -$623K -19,070 Closed
SSWM
913
Sheets Smith Wealth Management
North Carolina
– -$587K -17,982 Closed
SSIA
914
Spero-Smith Investment Advisers
Ohio
– -$549K -16,842 Closed
CCM
915
Catawba Capital Management
Virginia
– -$545K -16,702 Closed
CWP
916
Capital Wealth Planning
Florida
– -$544K -16,660 Closed
PCA
917
Peddock Capital Advisors
Massachusetts
– -$530K -16,244 Closed
DIA
918
Denver Investment Advisors
Colorado
– -$516K -15,806 Closed
BIM
919
Baldwin Investment Management
Pennsylvania
– -$507K -15,526 Closed
QI
920
Quotient Investors
New York
– -$473K -14,500 Closed
AP
921
Advisor Partners
California
– -$445K -13,643 Closed
IIM
922
Ipswich Investment Management
Massachusetts
– -$412K -12,630 Closed
SAM
923
Silvercrest Asset Management
New York
– -$403K -12,339 Closed
UB
924
UMB Bank
Missouri
– -$398 -12,209 Closed
EGA
925
E&G Advisors
Texas
– -$394K -12,059 Closed
35 36
37
38 39

FCX Hedge Fund Activity: Q4 2014 in Review

860 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q4 2014, worth a combined $17.5B — down 29% from $24.7B a quarter earlier.

Sellers outnumbered buyers: 149 funds closed out of FCX and 106 opened new positions — a net loss of 43 holders — while 391 trimmed existing stakes and 284 added.

The largest buyer was ClearBridge Investments, adding an estimated $209M. The largest seller was JP Morgan Chase, cutting an estimated $543M.

  • 860 institutional investors held Freeport-McMoran (FCX) as of Q4 2014, down from 917 in Q3 2014.
  • Funds reported $17.5B of Freeport-McMoran stock for Q4 2014, down 29% quarter-over-quarter.
  • 106 funds opened new Freeport-McMoran positions in Q4 2014 and 149 closed out, a net change of -43 holders.
  • The largest Freeport-McMoran buyer in Q4 2014 was ClearBridge Investments, an estimated $209M added.
  • The largest Freeport-McMoran seller in Q4 2014 was JP Morgan Chase, an estimated $543M sold.

Based on aggregated 13F filings for Q4 2014.