Which funds own FCX
Freeport Mcmoran Inc in the Q2 2026 filings. 19 of the 94 managers on file reported a position, worth $8.5bn between them. A fifth of the managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 13 managers opened or added against 6 cutting.
- Managers holding
- 19
- of 94 on file
- Combined value
- $8.5bn
- as reported
- Opened
- 4
- new this quarter
- Added to
- 9
- already held
- Trimmed or sold out
- 6
- 0 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Capital Research Global Investors Long-only · $717bn book | $2.6bn | 0.4% | 41,503,051 | +$210m+661,121 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $938m | 0.2% | 14,918,066 | +$168m+1,810,698 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $870m | 0.1% | 13,836,494 | +$130m+1,249,011 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $747m | 0.3% | 11,927,335 | +$241m+3,091,576 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $720m | 0.3% | 11,452,370 | -$24m-1,215,324 | Trimmed |
| Janus Henderson Group Ltd Long-only · $209bn book · Q1 2026 filing | $676m | 0.3% | 11,498,267 | +$386m+5,784,156 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $351m | 0.3% | 5,574,216 | -$17m-677,235 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $335m | 0.2% | 5,332,940 | -$202m-3,816,808 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $320m | 0.2% | 5,090,048 | +$36m+240,921 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $237m | 0.2% | 3,764,376 | +$2.2m-225,175 | Trimmed |
| Marshall Wace LLP Quantitative · $127bn book | $223m | 0.2% | 3,548,060 | +$135m+2,053,928 | Added |
| AllianceBernstein LP Long-only · $302bn book | $208m | 0.1% | 3,531,620 | +$67m+764,898 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $76m | 0.2% | 1,210,201 | opened1,210,201 | New |
| Oaktree Capital Management LP Activist · $7.2bn book | $76m | 1.0% | 1,201,122 | +$3.8m-19,000 | Trimmed |
| GAMCO Investors Inc Activist · $11.1bn book | $44m | 0.4% | 692,189 | -$1.0m-65,758 | Trimmed |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $34m | 0.1% | 532,402 | +$30m+464,297 | Added |
| Moore Capital Management LP Macro · $6.7bn book | $28m | 0.4% | 444,275 | opened444,275 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $4.0m | 0.0% | 63,617 | opened63,617 | New |
| Soros Fund Management LLC Macro · $8.1bn book | $3.9m | 0.0% | 62,294 | opened62,294 | New |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Jane Street Group LLC · puts$1.1bn notional
- Balyasny Asset Management LLC · calls$137m notional
- Tudor Investment Corp · puts$57m notional
- Moore Capital Management LP · calls$38m notional
- Eisler Capital Management Ltd · puts$22m notional
- Eisler Capital Management Ltd · calls$12m notional
- Brevan Howard Capital Management LP · calls$10m notional
What FCX is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around FCX →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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