Freeport-McMoran
1,295 hedge funds and large institutions have $45B invested in Freeport-McMoran in 2023 Q2 according to their latest regulatory filings, with 138 funds opening new positions, 535 increasing their positions, 428 reducing their positions, and 118 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 535 | Existing positions reduced: 428
17% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 118
1% more funds holding
Funds holding: 1,284 → 1,295 (+11)
4% less capital invested
Capital invested by funds: $46.8B → $45B (-$1.84B)
1.88% less ownership
Funds ownership: 80.24% → 78.36% (-1.9%)
15% less call options, than puts
Call options by funds: $1.47B | Put options by funds: $1.73B
40% less funds holding in top 10
Funds holding in top 10: 35 → 21 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$332M |
| 2 |
Two Sigma Investments
New York
|
+$164M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$138M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$124M |
| 5 |
Amundi
Paris,
France
|
+$114M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$531M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$529M |
| 3 |
OIAM
OFI Invest Asset Management
Paris,
France
|
-$386M |
| 4 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$257M |
| 5 |
Neuberger Berman Group
New York
|
-$224M |
FCX Hedge Fund Activity: Q2 2023 in Review
1,295 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2023, worth a combined $45B — down 3.9% from $46.8B a quarter earlier.
Buyers outnumbered sellers: 138 funds opened new FCX positions and 118 closed out — a net gain of 20 holders — while 535 added to existing stakes and 428 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $332M. The largest seller was JP Morgan Chase, cutting an estimated $531M.
- 1,295 institutional investors held Freeport-McMoran (FCX) as of Q2 2023, up from 1,284 in Q1 2023.
- Funds reported $45B of Freeport-McMoran stock for Q2 2023, down 3.9% quarter-over-quarter.
- 138 funds opened new Freeport-McMoran positions in Q2 2023 and 118 closed out, a net change of +20 holders.
- The largest Freeport-McMoran buyer in Q2 2023 was T. Rowe Price Associates, an estimated $332M added.
- The largest Freeport-McMoran seller in Q2 2023 was JP Morgan Chase, an estimated $531M sold.
Based on aggregated 13F filings for Q2 2023.