FREEPORT-MCMORAN INC FCX
CL B · Common Stock · CUSIP 35671D857 · ISIN US35671D8570
Producer of copper and gold
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($383.7m this quarter). Holder counts are more reliable. Shares outstanding: 1.4bn as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $62.79. Options: 66 managers hold calls ($3.1bn notional), 63 hold puts ($3.5bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,091 |
| Q4 2022 | 1,247 |
| Q1 2023 | 1,287 |
| Q2 2023 | 1,298 |
| Q3 2023 | 1,301 |
| Q4 2023 | 1,426 |
| Q1 2024 | 1,457 |
| Q2 2024 | 1,528 |
| Q3 2024 | 1,533 |
| Q4 2024 | 1,481 |
| Q1 2025 | 1,455 |
| Q2 2025 | 1,528 |
| Q3 2025 | 1,526 |
| Q4 2025 | 1,715 |
| Q1 2026 | 1,862 |
| Q2 2026 | 1,892 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 780 | 680 |
| Q4 2024 | 674 | 749 |
| Q1 2025 | 742 | 667 |
| Q2 2025 | 787 | 651 |
| Q3 2025 | 791 | 660 |
| Q4 2025 | 864 | 656 |
| Q1 2026 | 1,011 | 718 |
| Q2 2026 | 1,020 | 736 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.4bn | $2.5bn | 1.06 |
| Q4 2025 | $2.8bn | $2.8bn | 1.00 |
| Q1 2026 | $2.3bn | $3.1bn | 1.32 |
| Q2 2026 | $3.1bn | $3.5bn | 1.14 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +10.1m |
| Capital Wealth Planning, LLC | Added | +5.3m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +5.1m |
| AQR CAPITAL MANAGEMENT LLC | Added | +3.1m |
| FMR LLC | Added | +2.7m |
| STATE STREET CORP | Added | +2.3m |
| FRANKLIN RESOURCES INC | Added | +2.1m |
| MARSHALL WACE, LLP | Added | +2.1m |
| Fisher Asset Management, LLC | Added | +1.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.8m |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -9.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -5.9m |
| Value Aligned Research Advisors, LLC | Sold out | -4.4m |
| BlackRock, Inc. | Reduced | -3.9m |
| D. E. Shaw & Co., Inc. | Reduced | -3.8m |
| Clearbridge Investments, LLC | Reduced | -3.4m |
| Rathbones Group PLC | Reduced | -2.5m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -2.4m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.3m |
| BARCLAYS PLC | Reduced | -1.4m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $641.1m10.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $490.6m7.8m shares |
| CITADEL ADVISORS LLC | Added | $321.7m5.1m shares |
| UBS Group AG | Added | $236.5m3.8m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $156.2m2.5m shares |
| Balyasny Asset Management L.P. | Added | $136.7m2.2m shares |
| Value Aligned Research Advisors, LLC | Added | $121.7m1.9m shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | $120.1m1.9m shares |
| Walleye Trading LLC | Added | $79.8m1.3m shares |
| CITIGROUP INC | Added | $69.0m1.1m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $1.1bn16.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $422.3m6.7m shares |
| CITADEL ADVISORS LLC | Reduced | $288.2m4.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $143.6m2.3m shares |
| IMC-Chicago, LLC | Added | $138.4m2.2m shares |
| UBS Group AG | Reduced | $127.4m2.0m shares |
| SIMPLEX TRADING, LLC | Added | $101.9m1.6m shares |
| BARCLAYS PLC | Added | $88.9m1.4m shares |
| GROUP ONE TRADING LLC | Added | $88.1m1.4m shares |
| D. E. Shaw & Co., Inc. | Added | $86.2m1.4m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 6.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $583.8k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $343.5k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 2 | $1.8m | — |
| Q1 2026 | 0 | — | 5 | $35.8m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 4 | $8.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-27 | KENNARD LYDIA H Director | Sold | $300.5k3.8k shares |
| 2026-08-25 | Currault Douglas N. II EVP & General Counsel | Sold | $6.3m80.0k shares |
| 2026-08-05 | Higgins Stephen T. EVP & CAO · By Family Trust | Sold | $992.3k14.3k shares |
| 2026-08-05 | Mikes Ellie L. Chief Accounting Officer | Sold | $334.1k4.8k shares |
| 2026-07-30 | Higgins Stephen T. EVP & CAO · By Family Trust | Sold | $475.6k7.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.11% of their portfolio | 122.0m $7.7bn | Reduced -3.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 93.9m $5.9bn | Added +502.2k |
| Fisher Asset Management, LLC 1.25% of their portfolio | 66.9m $4.2bn | Added +1.8m |
| STATE STREET CORP 0.12% of their portfolio | 66.5m $4.2bn | Added +2.3m |
| Capital Research Global Investors 0.36% of their portfolio | 41.5m $2.6bn | Added +661.1k |
| FRANKLIN RESOURCES INC 0.51% of their portfolio | 37.4m $2.4bn | Added +2.1m |
| BANK OF AMERICA CORP /DE/ 0.15% of their portfolio | 36.4m $2.3bn | Reduced -5.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 32.6m $2.0bn | Added +275.7k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 31.0m $1.9bn | Added +10.1m |
| MORGAN STANLEY 0.09% of their portfolio | 26.0m $1.6bn | Reduced -233.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.07% of their portfolio | 24.1m $1.5bn | Added +484.0k |
| FMR LLC 0.06% of their portfolio | 20.9m $1.3bn | Added +2.7m |
| Bank of New York Mellon Corp 0.20% of their portfolio | 19.0m $1.2bn | Added +28.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.58% of their portfolio | 16.3m $1.0bn | Added +5.1m |
| NORTHERN TRUST CORP 0.11% of their portfolio | 15.0m $941.4m | Reduced -15.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.16% of their portfolio | 14.9m $938.2m | Added +1.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 13.8m $870.2m | Added +1.2m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 13.6m $854.3m | Added +1.4m |
| Invesco Ltd. 0.07% of their portfolio | 13.5m $851.8m | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 12.9m $811.8m | Reduced -205.8k |
| AQR CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 11.9m $746.5m | Added +3.1m |
| Amundi 0.18% of their portfolio | 11.8m $743.4m | Added +1.1m |
| Jupiter Topco LLC 0.30% of their portfolio | 11.8m $739.9m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.49% of their portfolio | 11.5m $720.2m | Reduced -1.2m |
| UBS Group AG 0.11% of their portfolio | 11.0m $690.3m | Added +454.7k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.90% of their portfolio | 10.0m $627.1m | Added +141.7k |
| Nuveen, LLC 0.15% of their portfolio | 9.9m $625.4m | Added +160.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 9.4m $590.0m | Added +44.8k |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 9.3m $587.1m | Reduced -739.1k |
| Crake Asset Management LLP 13.96% of their portfolio | 9.3m $583.3m | Unchanged |
| Boston Partners 0.51% of their portfolio | 9.2m $577.4m | Added +381.4k |
| VANGUARD FIDUCIARY TRUST CO 0.11% of their portfolio | 8.1m $507.6m | Reduced -15.7k |
| Clearbridge Investments, LLC 0.40% of their portfolio | 7.8m $489.4m | Reduced -3.4m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.37% of their portfolio | 7.4m $464.9m | Added +63.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.54% of their portfolio | 7.2m $453.1m | Reduced -518.9k |
| Legal & General Group Plc 0.09% of their portfolio | 6.8m $429.7m | Reduced -1.3m |
| BANK OF MONTREAL /CAN/ 0.15% of their portfolio | 6.5m $411.5m | Reduced -395.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 6.3m $396.9m | Reduced -275.2k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 5.9m $371.8m | Added +438.0k |
| Assenagon Asset Management S.A. 0.24% of their portfolio | 5.9m $370.7m | Added +636.3k |
| TWO SIGMA INVESTMENTS, LP 0.26% of their portfolio | 5.6m $350.6m | Reduced -677.2k |
| CITIGROUP INC 0.16% of their portfolio | 5.5m $346.1m | Added +1.1m |
| D. E. Shaw & Co., Inc. 0.21% of their portfolio | 5.3m $335.4m | Reduced -3.8m |
| Capital Wealth Planning, LLC 1.67% of their portfolio | 5.3m $334.7m | Added +5.3m |
| NEUBERGER BERMAN GROUP LLC 0.21% of their portfolio | 5.1m $319.5m | Added +240.9k |
| BARCLAYS PLC 0.10% of their portfolio | 5.0m $312.6m | Reduced -1.4m |
| TD Asset Management Inc 0.26% of their portfolio | 4.7m $294.4m | Added +317.7k |
| Ninety One UK Ltd 0.64% of their portfolio | 4.5m $284.8m | Reduced -55.9k |
| Slate Path Capital LP 3.85% of their portfolio | 4.4m $278.2m | Added +954.4k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 4.4m $274.0m | Added +236.1k |
| PECONIC PARTNERS LLC 3.27% of their portfolio | 3.9m $246.3m | Added +600.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 3.9m $246.0m | Reduced -1.3m |
| National Pension Service 0.16% of their portfolio | 3.8m $240.8m | Reduced -28.0k |
| BAILLIE GIFFORD & CO 0.21% of their portfolio | 3.8m $236.7m | Reduced -225.2k |
| MARSHALL WACE, LLP 0.19% of their portfolio | 3.5m $223.1m | Added +2.1m |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 3.5m $207.6m | Added +764.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.12% of their portfolio | 3.5m $220.2m | Added +244.0k |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 3.4m $216.2m | Reduced -106.8k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.99% of their portfolio | 3.3m $207.8m | Added +468.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 3.2m $203.1m | Reduced -155.9k |
| Rathbones Group PLC 0.73% of their portfolio | 3.2m $198.2m | Reduced -2.5m |
| Vanguard Global Advisers, LLC 0.09% of their portfolio | 3.1m $196.2m | Reduced -40.7k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 3.1m $195.3m | Added +155.6k |
| Capital International Investors 0.04% of their portfolio | 3.1m $195.2m | Added +257.4k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 3.1m $195.0m | Reduced -1.2m |
| JANE STREET GROUP, LLC 0.12% of their portfolio | 3.0m $188.3m | Added +1.4m |
| Allspring Global Investments Holdings, LLC 0.27% of their portfolio | 3.0m $178.6m | Reduced -839.1k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 2.9m $183.0m | Reduced -643.9k |
| General Pension Society PZU Joint Stock Co 26.80% of their portfolio | 2.8m $179.0m | Added +50.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 2.8m $178.0m | Added +507.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.12% of their portfolio | 2.8m $177.6m | Added +340.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio | 2.7m $169.0m | Added +117.9k |
| Pacific Heights Asset Management LLC 5.28% of their portfolio | 2.6m $166.7m | Unchanged |
| California Public Employees Retirement System 0.09% of their portfolio | 2.6m $162.2m | Added +82.6k |
| LPL Financial LLC 0.03% of their portfolio | 2.4m $153.3m | Added +83.2k |
| DekaBank Deutsche Girozentrale 0.22% of their portfolio | 2.4m $130.6m | Unchanged |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 2.4m $148.8m | Reduced -5.0k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.48% of their portfolio | 2.3m $145.1m | Added +4.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 2.3m $142.2m | Added +84.9k |
| FIL Ltd 0.10% of their portfolio | 2.2m $140.1m | Reduced -1.1m |
| Perpetual Ltd 2.00% of their portfolio | 2.2m $140.0m | Reduced -330.2k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 2.2m $136.2m | Reduced -527.1k |
| Artemis Investment Management LLP 1.18% of their portfolio | 2.1m $132.4m | Reduced -726.7k |
| MACKENZIE FINANCIAL CORP 0.13% of their portfolio | 2.1m $129.3m | Added +1.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 2.0m $126.7m | Reduced -95.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.09% of their portfolio | 2.0m $123.9m | Reduced -1.1m |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.9m $122.0m | Added +25.2k |
| Employees Retirement System of Texas 0.97% of their portfolio | 1.9m $121.7m | Added +84.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.23% of their portfolio | 1.9m $120.5m | Added +670.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 1.9m $117.1m | Reduced -9.4m |
| ALPS ADVISORS INC 0.52% of their portfolio | 1.8m $111.3m | Added +153.2k |
| Regal Partners Ltd 6.02% of their portfolio | 1.7m $109.0m | Reduced -701.9k |
| Empower Advisory Group, LLC 0.26% of their portfolio | 1.7m $107.9m | Added +35.6k |
| NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio | 1.7m $107.9m | Reduced -263.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.7m $109.2m | Added +1.7m |
| VAN ECK ASSOCIATES CORP 0.07% of their portfolio | 1.7m $107.5m | Reduced -195.7k |
| GREAT LAKES ADVISORS, LLC 0.81% of their portfolio | 1.7m $106.1m | Added +57.1k |
| PANAGORA ASSET MANAGEMENT INC 0.31% of their portfolio | 1.6m $101.7m | Reduced -169.2k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 1.6m $100.7m | Reduced -8.2k |
| CANADA LIFE ASSURANCE Co 0.16% of their portfolio | 1.6m $98.7m | Reduced -31.5k |