Cliff Asness's FCX Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 5.62 M shares of Freeport-McMoRan Inc. (FCX) worth $211.2 M, representing 0.14% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in FCX, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2017, adding 7.67 M shares. Largest reduction occurred in Q3 2018, reducing 7.23 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Freeport-McMoRan (FCX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Freeport-McMoRan (FCX) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +211,587 | Add 0.00% | 211,586 | $34.20 |
| Q2 2013 | +404,285 | Add 0.00% | 404,284 | $27.61 |
| Q3 2013 | -321,211 | Reduce 79.45% | 83,073 | $33.08 |
| Q4 2013 | -27,187 | Reduce 32.73% | 55,886 | $37.74 |
| Q1 2014 | -14,300 | Reduce 25.59% | 41,586 | $33.06 |
| Q2 2014 | +445,400 | Add 1071.03% | 486,986 | $36.50 |
| Q3 2014 | +119,500 | Add 24.54% | 606,486 | $32.65 |
| Q4 2014 | +182,674 | Add 30.12% | 789,160 | $23.36 |
| Q1 2015 | -733,174 | Reduce 92.91% | 55,986 | $18.95 |
| Q2 2015 | -20,261 | Reduce 36.19% | 35,725 | $18.61 |
| Q3 2015 | -7,316 | Reduce 20.48% | 28,409 | $9.68 |
| Q4 2015 | +57,586 | Add 202.70% | 85,995 | $6.77 |
| Q1 2016 | -54,772 | Reduce 63.69% | 31,223 | $10.34 |
| Q2 2016 | +1.71 M | Add 5476.75% | 1.74 M | $11.14 |
| Q3 2016 | +936,174 | Add 53.77% | 2.68 M | $10.86 |
| Q4 2016 | +389,926 | Add 14.56% | 3.07 M | $13.19 |
| Q1 2017 | -2.33 M | Reduce 76.03% | 735,141 | $13.36 |
| Q2 2017 | +4.41 M | Add 599.75% | 5.14 M | $12.01 |
| Q3 2017 | +7.67 M | Add 149.18% | 12.82 M | $14.04 |
| Q4 2017 | -274,928 | Reduce 2.14% | 12.54 M | $18.96 |
| Q1 2018 | -573,657 | Reduce 4.57% | 11.97 M | $17.57 |
| Q2 2018 | +4.29 M | Add 35.87% | 16.26 M | $17.26 |
| Q3 2018 | -7.23 M | Reduce 44.44% | 9.04 M | $13.92 |
| Q4 2018 | -5.27 M | Reduce 58.36% | 3.76 M | $10.31 |
| Q1 2019 | -3.7 M | Reduce 98.33% | 62,997 | $12.83 |
| Q2 2019 | -12,067 | Reduce 19.15% | 50,930 | $11.53 |
| Q3 2019 | +188 | Add 0.37% | 51,118 | $9.57 |
| Q4 2019 | +25,173 | Add 49.24% | 76,291 | $13.08 |
| Q1 2020 | -23,049 | Reduce 30.21% | 53,242 | $6.44 |
| Q2 2020 | -23,111 | Reduce 43.41% | 30,131 | $11.18 |
| Q3 2020 | +94,584 | Add 313.91% | 124,715 | $15.64 |
| Q4 2020 | +98,353 | Add 78.86% | 223,068 | $25.93 |
| Q1 2021 | +450,070 | Add 201.76% | 673,138 | $32.93 |
| Q2 2021 | -164,741 | Reduce 24.47% | 508,397 | $37.11 |
| Q3 2021 | -103,669 | Reduce 20.39% | 404,728 | $32.53 |
| Q4 2021 | -197,503 | Reduce 48.80% | 207,225 | $41.73 |
| Q1 2022 | +166,097 | Add 80.15% | 373,322 | $49.74 |
| Q2 2022 | +273,955 | Add 73.38% | 647,277 | $29.26 |
| Q3 2022 | -298,021 | Reduce 46.04% | 349,256 | $27.33 |
| Q4 2022 | -218,878 | Reduce 62.67% | 130,378 | $37.91 |
| Q1 2023 | -19,049 | Reduce 14.61% | 111,329 | $40.40 |
| Q2 2023 | +92,806 | Add 83.36% | 204,135 | $39.67 |
| Q3 2023 | -36,910 | Reduce 18.08% | 167,225 | $37.29 |
| Q4 2023 | -25,236 | Reduce 15.09% | 141,989 | $42.57 |
| Q1 2024 | +80,877 | Add 56.96% | 222,866 | $46.72 |
| Q2 2024 | +62,663 | Add 28.12% | 285,529 | $48.60 |
| Q3 2024 | +62,609 | Add 21.93% | 348,138 | $49.92 |
| Q4 2024 | +444,763 | Add 127.75% | 792,901 | $38.08 |
| Q1 2025 | +579,875 | Add 73.13% | 1.37 M | $37.09 |
| Q2 2025 | +2.81 M | Add 204.97% | 4.19 M | $43.35 |
| Q3 2025 | +1.43 M | Add 34.13% | 5.62 M | $37.61 |
Cliff Asness's Freeport-McMoRan Investment FAQs
Cliff Asness first purchased Freeport-McMoRan Inc. (FCX) in Q4 2012, acquiring 211,586 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Freeport-McMoRan Inc. (FCX) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Freeport-McMoRan Inc. (FCX) was in Q3 2017, adding 12,818,368 shares worth $179.97 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 5,615,643 shares of Freeport-McMoRan Inc. (FCX), valued at approximately $211.2 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Freeport-McMoRan Inc. (FCX) represents approximately 0.14% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Freeport-McMoRan Inc. (FCX) was 16,263,863 shares, as reported at the end of Q2 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.