Freeport-McMoran
FCX
741 hedge funds and large institutions have $16.5B invested in Freeport-McMoran in 2020 Q3 according to their latest regulatory filings, with 136 funds opening new positions, 223 increasing their positions, 248 reducing their positions, and 82 closing their positions.
66% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 82
50% more funds holding in top 10
Funds holding in top 10: 12 → 18 (+6)
40% more capital invested
Capital invested by funds: $11.9B → $16.5B (+$4.68B)
7% more funds holding
Funds holding: 694 → 741 (+47)
2.65% more ownership
Funds ownership: 70.11% → 72.76% (+2.6%)
10% less repeat investments, than reductions
Existing positions increased: 223 | Existing positions reduced: 248
24% less call options, than puts
Call options by funds: $396M | Put options by funds: $524M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$573M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$184M |
| 3 |
LPU
Lansdowne Partners (UK)
London,
United Kingdom
|
+$74.4M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$71.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$65.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$95.8M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$92.4M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$88.4M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$87.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$81.5M |
FCX Hedge Fund Activity: Q3 2020 in Review
741 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q3 2020, worth a combined $16.5B — up 40% from $11.9B a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new FCX positions and 82 closed out — a net gain of 54 holders — while 223 added to existing stakes and 248 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $573M. The largest seller was Citadel Advisors, cutting an estimated $95.8M.
- 741 institutional investors held Freeport-McMoran (FCX) as of Q3 2020, up from 694 in Q2 2020.
- Funds reported $16.5B of Freeport-McMoran stock for Q3 2020, up 40% quarter-over-quarter.
- 136 funds opened new Freeport-McMoran positions in Q3 2020 and 82 closed out, a net change of +54 holders.
- The largest Freeport-McMoran buyer in Q3 2020 was Fidelity Investments, an estimated $573M added.
- The largest Freeport-McMoran seller in Q3 2020 was Citadel Advisors, an estimated $95.8M sold.
Based on aggregated 13F filings for Q3 2020.