Freeport-McMoran
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$390M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$183M |
| 3 |
NC
Northern Cross
Boston,
Massachusetts
|
+$172M |
| 4 |
CLG
Cooperman Leon G
|
+$87.2M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$74.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$176M |
| 2 |
Two Sigma Investments
New York
|
-$110M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$103M |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$100M |
| 5 |
D.E. Shaw & Co
New York
|
-$97.4M |
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.