Freeport-McMoRan Inc.
MX ˙ BMV ˙ US35671D8570
SecurityMX:FCX / Freeport-McMoRan Inc.
InstitutionEmpirical Finance, LLC
Latest Disclosed Ownership48,372 shares
Latest Disclosed Value $ 2,843,306
Empirical Finance, LLC reports 0.19% decrease in ownership of FCX / Freeport-McMoRan Inc.

On May 14, 2026 - Empirical Finance, LLC filed a 13F-HR/A form disclosing ownership of 48,372 shares of Freeport-McMoRan Inc. (MX:FCX) valued at $2,843,306 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 48,462 shares of Freeport-McMoRan Inc.. This represents a change in shares of -0.19% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F/A-1 FREEPORT MCMORAN CL B 35671D857 48,372 -90 -0.19 2,843 15.52 0.1336
2026-05-14 2026-03-31 13F FREEPORT MCMORAN CL B 35671D857 48,372 -90 2,843 0.1336
2026-02-12 2025-12-31 13F FREEPORT-MCMORAN CL B 35671D857 48,462 -2,117 -4.19 2,461 24.10 0.1174
2025-11-13 2025-09-30 13F FREEPORT-MCMORAN CL B 35671D857 50,579 466 0.93 1,984 -8.70 0.0944
2025-08-11 2025-06-30 13F FREEPORT-MCMORAN CL B 35671D857 50,113 -10,500 -17.32 2,172 -5.32 0.1137
2025-05-07 2025-03-31 13F FREEPORT-MCMORAN CL B 35671D857 60,613 1,118 1.88 2,295 1.28 0.1386
2025-01-28 2024-12-31 13F FREEPORT-MCMORAN CL B 35671D857 59,495 10,108 20.47 2,266 -8.11 0.1311
2024-11-06 2024-09-30 13F FREEPORT-MCMORAN CL B 35671D857 49,387 1,055 2.18 2,465 4.98 0.1437
2024-07-30 2024-06-30 13F FREEPORT-MCMORAN CL B 35671D857 48,332 -3,470 -6.70 2,349 -3.57 0.1467
2024-05-06 2024-03-31 13F FREEPORT-MCMORAN CL B 35671D857 51,802 1,748 3.49 2,436 14.32 0.1495
2024-02-14 2023-12-31 13F FREEPORT-MCMORAN CL B 35671D857 50,054 312 0.63 2,131 14.89 0.1486
2023-11-02 2023-09-30 13F FREEPORT-MCMORAN CL B 35671D857 49,742 4,691 10.41 1,855 2.89 0.1362
2023-07-27 2023-06-30 13F FREEPORT-MCMORAN CL B 35671D857 45,051 -5,680 -11.20 1,802 -13.16 0.1396
2023-04-05 2023-03-31 13F FREEPORT-MCMORAN CL B 35671D857 50,731 1,606 3.27 2,075 11.20 0.1944
2023-02-21 2022-12-31 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 49,125 3,028 6.57 1,867 48.10 0.1933
2023-01-24 2022-12-31 13F FREEPORT-MCMORAN CL B 35671D857 49,125 3,028 2 0.1933
2022-11-04 2022-09-30 13F FREEPORT-MCMORAN CL B 35671D857 46,097 -8,321 -15.29 1,260 -20.85 0.1494
2022-08-01 2022-06-30 13F FREEPORT-MCMORAN CL B 35671D857 54,418 12,534 29.93 1,592 -23.57 0.2029
2022-04-21 2022-03-31 13F FREEPORT-MCMORAN CL B 35671D857 41,884 2,981 7.66 2,083 28.34 0.2333
2022-02-04 2021-12-31 13F FREEPORT-MCMORAN CL B 35671D857 38,903 2,079 5.65 1,623 35.48 0.1916
2021-11-12 2021-09-30 13F FREEPORT-MCMORAN CL B 35671D857 36,824 19,785 116.12 1,198 89.56 0.1806
2021-08-10 2021-06-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 17,039 2,506 17.24 632 67.20 0.1030
2021-08-04 2021-06-30 13F FREEPORT-MCMORAN CL B 35671D857 14,533 0 378 0.0665
2021-05-13 2021-03-31 13F FREEPORT-MCMORAN CL B 35671D857 14,533 0 0.00 378 0.00 0.0665
2021-02-02 2020-12-31 13F FREEPORT-MCMORAN CL B 35671D857 14,533 2,608 21.87 378 102.14 0.0665
2020-10-28 2020-09-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 11,925 11,925 187 0.0401
2019-10-30 2019-09-30 13F FREEPORT-MCMORAN CL B 35671D857 0 -114,384 -100.00 0 -100.00
2019-07-09 2019-06-30 13F FREEPORT-MCMORAN CL B 35671D857 114,384 1,175 1.04 1,328 -8.98 0.3639
2019-05-10 2019-03-31 13F FREEPORT-MCMORAN CL B 35671D857 113,209 809 0.72 1,459 25.88 0.3712
2019-01-22 2018-12-31 13F FREEPORT-MCMORAN CL B 35671D857 112,400 112,400 -0.71 1,159 -20.56 0.3435
2018-07-09 2018-06-30 13F FREEPORT-MCMORAN CL B 35671D857 0 -113,209 -100.00 0 -100.00
2019-05-10 2018-03-31 13F FREEPORT-MCMORAN CL B 35671D857 113,209 113,209 1,459 0.3052
2017-05-11 2017-03-31 13F FREEPORT-MCMORAN CL B 35671D857 0 -457 -100.00 0 -100.00
2017-02-13 2016-12-31 13F FREEPORT-MCMORAN CL B 35671D857 457 457 7 0.0047
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.