FREEPORT-MCMORAN INC
1,992 institutions still hold FREEPORT-MCMORAN INC as of Q2 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.
Freeport-McMoRan Inc. (FCX, CUSIP 35671D857) entered Q1 2026 with $73.6B of institutional 13F value across 1,790 holders — the holder breadth of a large-cap materials major whose primary operations span copper (Morenci, Bagdad, Safford, Cerro Verde, Grasberg), gold (Grasberg byproduct), and molybdenum, making it a pure-play on industrial-metals demand tied to power-grid buildout, AI-datacenter cabling, and global electrification. The defining Q1 signal is a $1.87B addition from BlackRock alongside a $819M reduction from Wellington Management — a rotation that reflects divergent views on the commodity supercycle timing within the materials-sleeve tier: BlackRock's add is consistent with a structural-investment-in-copper thesis at the sector-weight level, while Wellington's reduction may reflect seasonal or valuation-driven rotation within the same sleeve. For smart-money trackers, FCX is the cleanest large-cap proxy for institutional copper-cycle positioning and infrastructure-metal demand; the 1,790-holder base distributes across commodity, materials, and diversified-industrial mandates with no concentration in thematic-mining managers at the scale of junior names.
Top holders
Sorted by position value. Source: SEC EDGAR 13F-HR filings.