Freeport-McMoran
FCX
709 hedge funds and large institutions have $14B invested in Freeport-McMoran in 2017 Q3 according to their latest regulatory filings, with 104 funds opening new positions, 224 increasing their positions, 262 reducing their positions, and 64 closing their positions.
63% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 64
17% more capital invested
Capital invested by funds: $11.9B → $14B (+$2.05B)
5% more funds holding
Funds holding: 675 → 709 (+34)
0.15% more ownership
Funds ownership: 68.15% → 68.3% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
15% less repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 262
53% less call options, than puts
Call options by funds: $447M | Put options by funds: $955M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$140M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$108M |
| 3 |
Bank of New York Mellon
New York
|
+$52.3M |
| 4 |
Millennium Management
New York
|
+$45.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$44.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
-$203M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$174M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$124M |
| 4 |
ClearBridge Investments
New York
|
-$60M |
| 5 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$50.6M |
FCX Hedge Fund Activity: Q3 2017 in Review
709 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2017, worth a combined $14B — up 17% from $11.9B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new FCX positions and 64 closed out — a net gain of 40 holders — while 224 added to existing stakes and 262 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $140M. The largest seller was Icahn Carl, cutting an estimated $203M.
- 709 institutional investors held Freeport-McMoran (FCX) as of Q3 2017, up from 675 in Q2 2017.
- Funds reported $14B of Freeport-McMoran stock for Q3 2017, up 17% quarter-over-quarter.
- 104 funds opened new Freeport-McMoran positions in Q3 2017 and 64 closed out, a net change of +40 holders.
- The largest Freeport-McMoran buyer in Q3 2017 was JP Morgan Chase, an estimated $140M added.
- The largest Freeport-McMoran seller in Q3 2017 was Icahn Carl, an estimated $203M sold.
Based on aggregated 13F filings for Q3 2017.