Freeport-McMoran
FCX
755 hedge funds and large institutions have $14.3B invested in Freeport-McMoran in 2018 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 294 increasing their positions, 259 reducing their positions, and 84 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 294 | Existing positions reduced: 259
0.96% less ownership
Funds ownership: 72.09% → 71.13% (-0.96%)
4% less first-time investments, than exits
New positions opened: 81 | Existing positions closed: 84
1% less funds holding
Funds holding: 764 → 755 (-9)
20% less capital invested
Capital invested by funds: $18B → $14.3B (-$3.64B)
45% less funds holding in top 10
Funds holding in top 10: 11 → 6 (-5)
57% less call options, than puts
Call options by funds: $324M | Put options by funds: $751M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$269M |
| 2 |
BlackRock
New York
|
+$134M |
| 3 |
CHP
Castle Hook Partners
New York
|
+$100M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$96.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$81.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$460M |
| 2 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
-$147M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$142M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$109M |
| 5 |
PG
Pendal Group
Sydney,
Australia
|
-$96.5M |
FCX Hedge Fund Activity: Q3 2018 in Review
755 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2018, worth a combined $14.3B — down 20% from $18B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of FCX and 81 opened new positions — a net loss of 3 holders — while 259 trimmed existing stakes and 294 added.
The largest buyer was Fisher Asset Management, adding an estimated $269M. The largest seller was Capital Research Global Investors, cutting an estimated $460M.
- 755 institutional investors held Freeport-McMoran (FCX) as of Q3 2018, down from 764 in Q2 2018.
- Funds reported $14.3B of Freeport-McMoran stock for Q3 2018, down 20% quarter-over-quarter.
- 81 funds opened new Freeport-McMoran positions in Q3 2018 and 84 closed out, a net change of -3 holders.
- The largest Freeport-McMoran buyer in Q3 2018 was Fisher Asset Management, an estimated $269M added.
- The largest Freeport-McMoran seller in Q3 2018 was Capital Research Global Investors, an estimated $460M sold.
Based on aggregated 13F filings for Q3 2018.