Freeport-McMoran
714 hedge funds and large institutions have $13.5B invested in Freeport-McMoran in 2016 Q4 according to their latest regulatory filings, with 141 funds opening new positions, 203 increasing their positions, 256 reducing their positions, and 72 closing their positions.
96% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 72
88% more funds holding in top 10
Funds holding in top 10: 8 → 15 (+7)
28% more capital invested
Capital invested by funds: $10.5B → $13.5B (+$2.95B)
9% more funds holding
Funds holding: 656 → 714 (+58)
1.69% more ownership
Funds ownership: 72.83% → 74.51% (+1.7%)
21% less repeat investments, than reductions
Existing positions increased: 203 | Existing positions reduced: 256
39% less call options, than puts
Call options by funds: $460M | Put options by funds: $757M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$234M |
| 2 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$140M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$137M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$121M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Northern Cross
Boston,
Massachusetts
|
-$170M |
| 2 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
-$163M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$111M |
| 4 |
ClearBridge Investments
New York
|
-$71.6M |
| 5 |
Goldman Sachs
New York
|
-$47.4M |
FCX Hedge Fund Activity: Q4 2016 in Review
714 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q4 2016, worth a combined $13.5B — up 28% from $10.5B a quarter earlier.
Buyers outnumbered sellers: 141 funds opened new FCX positions and 72 closed out — a net gain of 69 holders — while 203 added to existing stakes and 256 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $234M. The largest seller was Northern Cross, cutting an estimated $170M.
- 714 institutional investors held Freeport-McMoran (FCX) as of Q4 2016, up from 656 in Q3 2016.
- Funds reported $13.5B of Freeport-McMoran stock for Q4 2016, up 28% quarter-over-quarter.
- 141 funds opened new Freeport-McMoran positions in Q4 2016 and 72 closed out, a net change of +69 holders.
- The largest Freeport-McMoran buyer in Q4 2016 was Wellington Management Group, an estimated $234M added.
- The largest Freeport-McMoran seller in Q4 2016 was Northern Cross, an estimated $170M sold.
Based on aggregated 13F filings for Q4 2016.