Freeport-McMoran
FCX
694 hedge funds and large institutions have $11.9B invested in Freeport-McMoran in 2020 Q2 according to their latest regulatory filings, with 113 funds opening new positions, 191 increasing their positions, 262 reducing their positions, and 81 closing their positions.
68% more capital invested
Capital invested by funds: $7.05B → $11.9B (+$4.8B)
40% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 81
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
4% more funds holding
Funds holding: 665 → 694 (+29)
1.8% less ownership
Funds ownership: 71.92% → 70.11% (-1.8%)
17% less call options, than puts
Call options by funds: $272M | Put options by funds: $329M
27% less repeat investments, than reductions
Existing positions increased: 191 | Existing positions reduced: 262
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPU
Lansdowne Partners (UK)
London,
United Kingdom
|
+$51.2M |
| 2 |
DFO
Duquesne Family Office
New York
|
+$46.5M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$43.8M |
| 4 |
PCP
Polunin Capital Partners
London,
United Kingdom
|
+$43.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
-$181M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$103M |
| 3 |
RL
Ruffer LLP
London,
United Kingdom
|
-$67.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$62.5M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$30.9M |
FCX Hedge Fund Activity: Q2 2020 in Review
694 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q2 2020, worth a combined $11.9B — up 68% from $7.05B a quarter earlier.
Buyers outnumbered sellers: 113 funds opened new FCX positions and 81 closed out — a net gain of 32 holders — while 191 added to existing stakes and 262 trimmed.
The largest buyer was Lansdowne Partners (UK), opening a new position worth an estimated $51.2M. The largest seller was Icahn Carl, exiting entirely with an estimated $181M sold.
- 694 institutional investors held Freeport-McMoran (FCX) as of Q2 2020, up from 665 in Q1 2020.
- Funds reported $11.9B of Freeport-McMoran stock for Q2 2020, up 68% quarter-over-quarter.
- 113 funds opened new Freeport-McMoran positions in Q2 2020 and 81 closed out, a net change of +32 holders.
- The largest Freeport-McMoran buyer in Q2 2020 was Lansdowne Partners (UK), an estimated $51.2M added.
- The largest Freeport-McMoran seller in Q2 2020 was Icahn Carl, an estimated $181M sold.
Based on aggregated 13F filings for Q2 2020.