Freeport-McMoran
FCX
949 hedge funds and large institutions have $27.2B invested in Freeport-McMoran in 2014 Q2 according to their latest regulatory filings, with 73 funds opening new positions, 355 increasing their positions, 371 reducing their positions, and 57 closing their positions.
28% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 57
14% more funds holding in top 10
Funds holding in top 10: 28 → 32 (+4)
11% more capital invested
Capital invested by funds: $24.5B → $27.2B (+$2.68B)
1% more funds holding
Funds holding: 939 → 949 (+10)
0.26% more ownership
Funds ownership: 71.4% → 71.67% (+0.26%)
4% less repeat investments, than reductions
Existing positions increased: 355 | Existing positions reduced: 371
11% less call options, than puts
Call options by funds: $861M | Put options by funds: $969M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$450M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$337M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$118M |
| 4 |
Goldman Sachs
New York
|
+$106M |
| 5 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$268M |
| 2 |
PC
Paulson & Co
New York
|
-$165M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$112M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$95.3M |
| 5 |
State Street
Boston,
Massachusetts
|
-$83.1M |
FCX Hedge Fund Activity: Q2 2014 in Review
949 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2014, worth a combined $27.2B — up 11% from $24.5B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new FCX positions and 57 closed out — a net gain of 16 holders — while 355 added to existing stakes and 371 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $450M. The largest seller was JP Morgan Chase, cutting an estimated $268M.
- 949 institutional investors held Freeport-McMoran (FCX) as of Q2 2014, up from 939 in Q1 2014.
- Funds reported $27.2B of Freeport-McMoran stock for Q2 2014, up 11% quarter-over-quarter.
- 73 funds opened new Freeport-McMoran positions in Q2 2014 and 57 closed out, a net change of +16 holders.
- The largest Freeport-McMoran buyer in Q2 2014 was Fidelity Investments, an estimated $450M added.
- The largest Freeport-McMoran seller in Q2 2014 was JP Morgan Chase, an estimated $268M sold.
Based on aggregated 13F filings for Q2 2014.