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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
TT
951
Tiedemann Trust
Delaware
– -$220K -8,000 Closed
AB
952
Atlas Brown
Kentucky
– -$211K -7,644 Closed
DY
953
Dowling & Yahnke
California
– -$203K -7,348 Closed
SCM
954
Saba Capital Management
New York
– -$204K -6,680 Closed
OWP
955
Obermeyer Wealth Partners
Colorado
– -$113K -4,075 Closed
PFO
956
Pathstone Family Office
New Jersey
– -$70K -2,500 Closed
CA
957
CapWealth Advisors
Tennessee
– -$55K -2,000 Closed
FHB
958
First Hawaiian Bank
Hawaii
– -$46K -1,649 Closed
RIM
959
Ranger International Management
Illinois
– -$29K -1,033 Closed
HF
960
Hoxton Financial
West Virginia
– -$6K -200 Closed
AIM
961
Assured Investment Management
New York
– -$5.04K -165 Closed
CW
962
Cobiz Wealth
Colorado
– -$3K -112 Closed
GIA
963
Gargoyle Investment Advisor
New Jersey
– +$351K +11,500 New
35 36 37 38
39

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.