Freeport-McMoran
1,460 hedge funds and large institutions have $55.5B invested in Freeport-McMoran in 2024 Q1 according to their latest regulatory filings, with 167 funds opening new positions, 614 increasing their positions, 495 reducing their positions, and 121 closing their positions.
68% more funds holding in top 10
Funds holding in top 10: 28 → 47 (+19)
38% more capital inflows, than outflows
Capital inflows: $5.21B | Capital outflows: $3.77B
38% more first-time investments, than exits
New positions opened: 167 | Existing positions closed: 121
37% more call options, than puts
Call options by funds: $2.89B | Put options by funds: $2.11B
24% more repeat investments, than reductions
Existing positions increased: 614 | Existing positions reduced: 495
2% more funds holding
Funds holding: 1,427 → 1,460 (+33)
1.38% more ownership
Funds ownership: 80.9% → 82.28% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$707M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$531M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$359M |
| 4 |
Castle Hook Partners
New York
|
+$222M |
| 5 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$192M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$592M |
| 2 |
Public Investment Fund
Al Aqiq District, Riyadh,
Saudi Arabia
|
-$549M |
| 3 |
JP Morgan Chase
New York
|
-$278M |
| 4 |
Alphinity Investment Management
Sydney,
Australia
|
-$265M |
| 5 |
Neuberger Berman Group
New York
|
-$227M |
FCX Hedge Fund Activity: Q1 2024 in Review
1,460 of the 6,967 institutional investors tracked by Wall St. Rank reported a position in Freeport-McMoran (FCX) for Q1 2024, worth a combined $55.5B — up 12% from $49.4B a quarter earlier.
Buyers outnumbered sellers: 167 funds opened new FCX positions and 121 closed out — a net gain of 46 holders — while 614 added to existing stakes and 495 trimmed.
The largest buyer was Franklin Resources, adding an estimated $707M. The largest seller was Fidelity Investments, cutting an estimated $592M.
- 1,460 institutional investors held Freeport-McMoran (FCX) as of Q1 2024, up from 1,427 in Q4 2023.
- Funds reported $55.5B of Freeport-McMoran stock for Q1 2024, up 12% quarter-over-quarter.
- 167 funds opened new Freeport-McMoran positions in Q1 2024 and 121 closed out, a net change of +46 holders.
- The largest Freeport-McMoran buyer in Q1 2024 was Franklin Resources, an estimated $707M added.
- The largest Freeport-McMoran seller in Q1 2024 was Fidelity Investments, an estimated $592M sold.
Based on aggregated 13F filings for Q1 2024.