Freeport-McMoRan Inc.

FCX • NYSE

Freeport-McMoRan Inc. is a copper company in the basic materials sector on NYSE, led by Richard C. Adkerson, with a market cap of $68.0B. As of Q3 2025, 83% of shares are held by 1,473 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.97%.

President and Chief Executive OfficerRichard C. Adkerson

Market Cap$68.0B

Copper

Basic Materials

Employees27.2K

Websitefcx.com

Country

United States of America

Overview

Overview of institutional ownership in FCX as of Q3 2025 with a market cap of $56.3B

All Institutions

Institutions: 1,473
Value Held: $46.9B
Shares Held: 1.20B
Avg Position: $31.8M
Median Position: $893.4K

Hedge Funds

Hedge Funds: 106
Value Held: $2.5B
Shares Held: 65.1M
Avg Position: $24.0M
Median Position: $2.0M

Ownership Breakdown

Institutional (non-HF)

78.69%

$44.3B

Hedge Funds

4.52%

$2.5B

Retail & Other

16.79%

$9.5B

Based on market cap of $56.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FCX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.0B 0.08% of portfolio	8.97% 128.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$4.2B 0.07% of portfolio	7.42% 106.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
F Fisher Asset Management, LLC Institution	-	$2.5B 0.90% of portfolio	4.41% 63.3M shares	Q1 2018 Held for 7y 8m	$276.29B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.5B 0.09% of portfolio	4.35% 62.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$1.6B 0.31% of portfolio	2.93% 42.0M shares	≤ Q2 2013 Held for 12y 5m+	$532.36B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$1.4B 0.25% of portfolio	2.54% 36.5M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.4B 0.11% of portfolio	2.49% 35.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.2B 0.08% of portfolio	2.19% 31.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.2B 0.07% of portfolio	2.17% 31.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$1.1B 0.28% of portfolio	1.98% 28.5M shares	≤ Q2 2013 Held for 12y 5m+	$395.36B

Net Capital Flow

Institutional buying and selling activity for FCX in Q3 2025

Traded: +$297.5M
Buyers: 785
Sellers: 637
Total Bought: +$4.9B
Total Sold: −$4.6B
Avg Position: $28.9M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$939.3M +24.0M shares	$1.4B 36.5M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$461.1M +11.8M shares	$485.3M 12.4M shares
J JANE STREET GROUP, LLC Institution	+$204.0M +5.2M shares	$320.0M 8.2M shares
D D. E. Shaw & Co., Inc. Institution	+$175.6M +4.5M shares	$254.1M 6.5M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$135.4M +3.5M shares	$185.0M 4.7M shares
UBS Group AG Institution	+$133.6M +3.4M shares	$630.0M 16.1M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$112.0M +2.9M shares	$150.8M 3.8M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$100.9M +2.6M shares	$105.6M 2.7M shares
A Amundi Institution	+$86.0M +2.1M shares	$283.0M 7.0M shares
H HRT FINANCIAL LLC Institution	+$76.1M +1.9M shares	$90.6M 2.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$789.7M −20.1M shares	$679.8M 17.3M shares
Capital Research Global Investors RIA/Wealth	−$749.0M −19.1M shares	$1.6B 42.0M shares
FRANKLIN RESOURCES INC Institution	−$256.1M −6.5M shares	$1.1B 28.5M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$236.7M −6.0M shares	$528.0M 13.5M shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	−$211.4M −5.4M shares	$477.7M 12.2M shares
Castle Hook Partners LP Hedge Fund•Global Macro	−$138.1M −3.2M shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$135.7M −3.5M shares	$1.4B 35.8M shares
FMR LLC Institution	−$109.2M −2.8M shares	$755.6M 19.3M shares
R Railway Pension Investments Ltd Institution	−$88.2M −2.0M shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$81.1M −2.1M shares	$591.3M 15.1M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FCX in Q3 2025

New Positions: 54
New Value: $58.0M
Exited Positions: 148
Exited Value: $833.5M

New Positions

Institution	Position Value
P PEAK6 LLC Institution	$21.6M 549.9K shares
S SIR Capital Management, L.P. Hedge Fund•Long/Short	$13.3M 338.6K shares
A ADAPT Investment Managers SA Institution	$4.5M 114.5K shares
Ellsworth Advisors, LLC RIA/Wealth	$1.9M 44.7K shares
INFRASTRUCTURE CAPITAL ADVISORS, LLC ETF Provider	$1.6M 39.4K shares
ROCKLAND TRUST CO Private Equity	$1.4M 34.7K shares
M Maxi Investments CY Ltd Institution	$1.3M 32.8K shares
L L1 Capital Pty Ltd Institution	$1.0M 25.5K shares
R RAFFLES ASSOCIATES LP Hedge Fund•Value	$980.5K 25.0K shares
T TEMA ETFS LLC Institution	$958.2K 24.4K shares

Exited Positions

Institution	Previous Position
Castle Hook Partners LP Hedge Fund•Global Macro	$138.1M 3.2M shares
R Railway Pension Investments Ltd Institution	$88.2M 2.0M shares
Ceredex Value Advisors LLC Long Only Manager	$71.3M 1.6M shares
LANSDOWNE PARTNERS LLP Hedge Fund•Long/Short	$62.3M 1.4M shares
A Artemis Investment Management LLP Institution	$59.9M 1.4M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$49.9M 1.2M shares
Merewether Investment Management, LP Hedge Fund•Sector	$39.8M 918.2K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$37.5M 864.7K shares
Bornite Capital Management LP Hedge Fund•Long/Short	$35.7M 824.5K shares
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Hedge Fund•Global Macro	$30.1M 694.8K shares

Options Activity

Institutions with the largest Call and Put options positions in FCX as of Q3 2025

Call Positions: 81
Call Value: $2.4B
Put Positions: 55
Put Value: $2.2B

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$328.7M 83.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$273.0M 69.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$251.2M 64.1K contracts
T TOMS Capital Investment Management LP Hedge Fund•Long/Short	$156.9M 40.0K contracts
UBS Group AG Institution	$126.4M 32.2K contracts
GOLDMAN SACHS GROUP INC Institution	$100.9M 25.7K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$97.0M 24.7K contracts
Kirkoswald Asset Management LLC Hedge Fund•Global Macro	$82.8M 21.1K contracts
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	$65.1M 16.9K contracts
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	$61.5M 15.7K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$515.0M 131.3K contracts
J JANE STREET GROUP, LLC Institution	$372.9M 95.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$161.0M 41.1K contracts
UBS Group AG Institution	$132.6M 33.8K contracts
GOLDMAN SACHS GROUP INC Institution	$116.3M 29.7K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$80.0M 204.1 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$71.8M 18.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$62.5M 15.9K contracts
P PEAK6 LLC Institution	$59.3M 15.1K contracts
Walleye Trading LLC RIA/Wealth	$46.0M 11.7K contracts

Most Committed Institutions

Institutions with FCX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G General Pension Society PZU Joint Stock Co RIA/Wealth	Benny Joe Heeb President	18.56% $76.8M	0.14% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$413.5M
C Crake Asset Management LLP Institution	-	16.18% $356.6M	0.63% 9.1M shares	Q1 2024 Held for 1y 8m	$2.2B
Drummond Knight Asset Management Pty Ltd Hedge Fund•Distressed	Scott Eckart Vollmer CEO	11.40% $37.3M	0.07% 950.0K shares	Q1 2025 Held for 8 months	$326.7M
M Mizuho Markets Cayman LP Institution	-	8.63% $137.7M	0.24% 3.5M shares	Q2 2025 Held for 5 months	$1.6B
P Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Institution	-	6.91% $19.6M	0.03% 501.0K shares	Q3 2025 Held for 2 months	$284.2M
VGI PARTNERS PTY Ltd Hedge Fund•Long/Short	Brendan John O'Connor CEO	6.82% $95.3M	0.17% 2.4M shares	Q4 2023 Held for 1y 11m	$1.4B
Mountaineer Partners Management, LLC Hedge Fund•Long/Short	Mark M Lee Managing Partner	6.71% $11.5M	0.02% 294.0K shares	Q4 2022 Held for 2y 11m	$171.9M
Oaktree Fund Advisors, LLC Institution	Laura Virginia Eichman CCO	5.87% $3.2M	0.01% 80.6K shares	Q3 2021 Held for 4y 2m	$53.8M
A Albar Capital Partners LLP Institution	-	4.99% $21.9M	0.04% 558.4K shares	Q1 2025 Held for 8 months	$438.9M
P PACIFIC HEIGHTS ASSET MANAGEMENT LLC Long Only Manager	James Hanson Andrews CFO	4.51% $100.0M	0.18% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.2B

Hedge Fund Spotlight

Discover hedge funds investing in FCX

Holocene Advisors, LP

Hedge Fund • Long/Short

Portfolio ManagerJohn Brandon Haley

Portfolio Value: $43.5B
Positions: 726
Last Reported: Q3 2025

Sector Allocation

Position in Freeport-McMoRan Inc.

Market Value: $693.4K
Shares Held: 17.7K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

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