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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.

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: 3143 (+12)

22% more capital invested

Capital invested by funds: $20B → $24.3B (+$4.37B)

6% more funds holding

Funds holding: 853902 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.65B +$36.6M +1,199,178 +2%
State Street
2
State Street
Massachusetts
$1.58B +$13.6M +446,329 +0.9%
BG
3
BlackRock Group
United Kingdom
$1.15B +$59.2M +1,936,148 +6%
Franklin Resources
4
Franklin Resources
California
$1.14B +$18.4M +602,294 +2%
NC
5
Northern Cross
Massachusetts
$916M +$172M +5,631,790 +26%
BIT
6
BlackRock Institutional Trust
California
$889M -$6.81M -222,991 -0.8%
JP Morgan Chase
7
JP Morgan Chase
New York
$868M +$390M +12,777,210 +95%
Deutsche Bank
8
Deutsche Bank
Germany
$559M +$68.1M +2,228,650 +15%
Northern Trust
9
Northern Trust
Illinois
$524M -$3.46M -113,126 -0.7%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$514M +$6.06M +198,428 +1%
PC
11
Paulson & Co
New York
$513M
Fidelity Investments
12
Fidelity Investments
Massachusetts
$388M +$183M +5,987,121 +104%
BFA
13
BlackRock Fund Advisors
California
$371M +$6.68M +218,692 +2%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$371M +$42.7M +1,397,321 +14%
Bank of America
15
Bank of America
North Carolina
$348M -$103M -3,379,093 -24%
Morgan Stanley
16
Morgan Stanley
New York
$330M -$25M -817,662 -8%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$246M +$8.6M +281,551 +4%
ClearBridge Investments
18
ClearBridge Investments
New York
$224M +$27.2M +889,919 +15%
Goldman Sachs
19
Goldman Sachs
New York
$211M -$33.6M -1,098,710 -15%
Allianz Asset Management
20
Allianz Asset Management
Germany
$210M -$176M -5,763,007 -48%
TCIM
21
TIAA CREF Investment Management
New York
$195M +$63.6M +2,082,274 +55%
U
22
UBS
Switzerland
$194M +$26.9M +879,925 +18%
Capital Research Global Investors
23
Capital Research Global Investors
California
$189M +$15.3M +500,000 +10%
CS
24
Credit Suisse
Switzerland
$184M -$5.64M -184,587 -3%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$176M +$19.8M +646,544 +14%

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.