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Freeport-McMoran

675 hedge funds and large institutions have $11.9B invested in Freeport-McMoran in 2017 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 244 increasing their positions, 246 reducing their positions, and 90 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more funds holding in top 10

Funds holding in top 10: 811 (+3)

1% less repeat investments, than reductions

Existing positions increased: 244 | Existing positions reduced: 246

5.78% less ownership

Funds ownership: 73.93%68.15% (-5.8%)

6% less funds holding

Funds holding: 718675 (-43)

12% less capital invested

Capital invested by funds: $13.5B → $11.9B (-$1.62B)

40% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 90

62% less call options, than puts

Call options by funds: $314M | Put options by funds: $829M

Holders
675
Holders Change
-43
Holders Change %
-5.99%
% of All Funds
16.83%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.27%
New
54
Increased
244
Reduced
246
Closed
90
Calls
$314M
Puts
$829M
Net Calls
-$515M
Net Calls Change
-$53M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.68B +$79M +6,510,840 +5%
Capital Research Global Investors
2
Capital Research Global Investors
California
$1.25B -$297M -24,491,024 -19%
IC
3
Icahn Carl
Florida
$1.1B +$4.27M +351,644 +0.4%
BlackRock
4
BlackRock
New York
$1.03B +$35.9M +2,959,333 +4%
State Street
5
State Street
Massachusetts
$781M +$640K +52,723 +0.1%
ClearBridge Investments
6
ClearBridge Investments
New York
$570M -$2.4M -197,781 -0.4%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$400M -$110M -9,082,380 -21%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$247M +$70.5M +5,810,712 +39%
Northern Trust
9
Northern Trust
Illinois
$208M -$681K -56,142 -0.3%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$159M +$3.48M +286,811 +2%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$138M +$11.5M +944,896 +9%
Goldman Sachs
12
Goldman Sachs
New York
$123M +$4.8M +395,580 +4%
TCIM
13
TIAA CREF Investment Management
New York
$106M +$16.9M +1,391,459 +19%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$98.5M -$1.85M -152,140 -2%
Franklin Resources
15
Franklin Resources
California
$96.8M -$19.3M -1,593,406 -17%
PG
16
Pendal Group
Australia
$94.8M +$95.8M +7,895,183 New
Legal & General Group
17
Legal & General Group
United Kingdom
$94.3M -$1.49M -123,079 -2%
MNA
18
Manning & Napier Advisors
New York
$85.2M +$9.15M +754,224 +12%
Bank of America
19
Bank of America
North Carolina
$84.1M -$5.46M -450,080 -6%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$76.3M -$1.36M -112,040 -2%
Morgan Stanley
21
Morgan Stanley
New York
$74.9M +$9.5M +782,677 +14%
Charles Schwab
22
Charles Schwab
California
$73M +$4.01M +330,486 +6%
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$72.8M +$2.22M +182,937 +3%
SAC
24
Smith Affiliated Capital
New York
$72.1M
Invesco
25
Invesco
Georgia
$62.2M +$10.6M +871,241 +20%

FCX Hedge Fund Activity: Q2 2017 in Review

675 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2017, worth a combined $11.9B — down 12% from $13.5B a quarter earlier.

Sellers outnumbered buyers: 90 funds closed out of FCX and 54 opened new positions — a net loss of 36 holders — while 246 trimmed existing stakes and 244 added.

The largest buyer was Vanguard Group, adding an estimated $79M. The largest seller was Capital Research Global Investors, cutting an estimated $297M.

  • 675 institutional investors held Freeport-McMoran (FCX) as of Q2 2017, down from 718 in Q1 2017.
  • Funds reported $11.9B of Freeport-McMoran stock for Q2 2017, down 12% quarter-over-quarter.
  • 54 funds opened new Freeport-McMoran positions in Q2 2017 and 90 closed out, a net change of -36 holders.
  • The largest Freeport-McMoran buyer in Q2 2017 was Vanguard Group, an estimated $79M added.
  • The largest Freeport-McMoran seller in Q2 2017 was Capital Research Global Investors, an estimated $297M sold.

Based on aggregated 13F filings for Q2 2017.