Freeport-McMoran
FCX
718 hedge funds and large institutions have $8.44B invested in Freeport-McMoran in 2015 Q3 according to their latest regulatory filings, with 87 funds opening new positions, 285 increasing their positions, 252 reducing their positions, and 107 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 252
3.01% more ownership
Funds ownership: 73.71% → 76.71% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 14 → 14 (0)
4% less funds holding
Funds holding: 745 → 718 (-27)
19% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 107
40% less call options, than puts
Call options by funds: $381M | Put options by funds: $634M
40% less capital invested
Capital invested by funds: $14.1B → $8.44B (-$5.63B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$1.2B |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$205M |
| 3 |
ClearBridge Investments
New York
|
+$204M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$199M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$133M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$268M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$152M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$98.9M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$89.5M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$76.4M |
FCX Hedge Fund Activity: Q3 2015 in Review
718 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2015, worth a combined $8.44B — down 40% from $14.1B a quarter earlier.
Sellers outnumbered buyers: 107 funds closed out of FCX and 87 opened new positions — a net loss of 20 holders — while 252 trimmed existing stakes and 285 added.
The largest buyer was Icahn Carl, opening a new position worth an estimated $1.2B. The largest seller was UBS Group, cutting an estimated $268M.
- 718 institutional investors held Freeport-McMoran (FCX) as of Q3 2015, down from 745 in Q2 2015.
- Funds reported $8.44B of Freeport-McMoran stock for Q3 2015, down 40% quarter-over-quarter.
- 87 funds opened new Freeport-McMoran positions in Q3 2015 and 107 closed out, a net change of -20 holders.
- The largest Freeport-McMoran buyer in Q3 2015 was Icahn Carl, an estimated $1.2B added.
- The largest Freeport-McMoran seller in Q3 2015 was UBS Group, an estimated $268M sold.
Based on aggregated 13F filings for Q3 2015.