Freeport-McMoRan Inc.
MX ˙ BMV ˙ US35671D8570
SecurityMX:FCX / Freeport-McMoRan Inc.
InstitutionTocqueville Asset Management L.p.
Latest Disclosed Ownership1,066,526 shares
Latest Disclosed Value $ 62,690,398
Tocqueville Asset Management L.p. reports 18.40% decrease in ownership of FCX / Freeport-McMoRan Inc.

On May 12, 2026 - Tocqueville Asset Management L.p. filed a 13F-HR form disclosing ownership of 1,066,526 shares of Freeport-McMoRan Inc. (MX:FCX) valued at $62,690,398 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 1,307,036 shares of Freeport-McMoRan Inc.. This represents a change in shares of -18.40% 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)
2026-05-12 2026-03-31 13F FREEPORT-MCMORAN CL B 35671D857 1,066,526 -240,510 -18.40 62,690 -5.56 0.9296
2026-02-12 2025-12-31 13F FREEPORT-MCMORAN CL B 35671D857 1,307,036 1,337 0.10 66,384 29.63 0.9683
2025-11-13 2025-09-30 13F FREEPORT-MCMORAN CL B 35671D857 1,305,699 -7,839 -0.60 51,210 -10.07 0.7445
2025-08-12 2025-06-30 13F FREEPORT-MCMORAN CL B 35671D857 1,313,538 -142,703 -9.80 56,942 3.28 0.8668
2025-05-13 2025-03-31 13F FREEPORT-MCMORAN CL B 35671D857 1,456,241 9,820 0.68 55,133 0.10 0.9003
2025-02-10 2024-12-31 13F FREEPORT-MCMORAN CL B 35671D857 1,446,421 -34,721 -2.34 55,080 -25.51 0.8639
2024-11-08 2024-09-30 13F FREEPORT-MCMORAN CL B 35671D857 1,481,142 715,168 93.37 73,939 98.62 1.1614
2024-08-12 2024-06-30 13F FREEPORT-MCMORAN CL B 35671D857 765,974 124,167 19.35 37,226 23.36 0.6145
2024-05-09 2024-03-31 13F FREEPORT-MCMORAN CL B 35671D857 641,807 70,431 12.33 30,178 24.07 0.4930
2024-02-12 2023-12-31 13F FREEPORT-MCMORAN CL B 35671D857 571,376 68,260 13.57 24,323 29.65 0.4409
2023-11-09 2023-09-30 13F FREEPORT-MCMORAN CL B 35671D857 503,116 -24,875 -4.71 18,761 -11.17 0.3563
2023-08-11 2023-06-30 13F FREEPORT-MCMORAN CL B 35671D857 527,991 92,100 21.13 21,120 18.43 0.3782
2023-05-10 2023-03-31 13F FREEPORT-MCMORAN CL B 35671D857 435,891 2,154 0.50 17,832 8.19 0.3369
2023-02-09 2022-12-31 13F FREEPORT-MCMORAN CL B 35671D857 433,737 90,605 26.41 16,482 75.75 0.3130
2022-11-10 2022-09-30 13F FREEPORT-MCMORAN CL B 35671D857 343,132 -1,500 -0.44 9,378 -7.00 0.1912
2022-08-12 2022-06-30 13F FREEPORT-MCMORAN CL B 35671D857 344,632 600 0.17 10,084 -41.07 0.1844
2022-05-16 2022-03-31 13F Freeport-Mcmoran Inc Cl B COM 35671D857 344,032 -11,996 -3.37 17,112 15.18 0.2585
2022-02-14 2021-12-31 13F FREEPORT-MCMORAN CL B 35671D857 356,028 -483 -0.14 14,857 28.11 0.2043
2021-11-15 2021-09-30 13F FREEPORT-MCMORAN CL B 35671D857 356,511 8,450 2.43 11,597 -10.22 0.1718
2021-08-16 2021-06-30 13F FREEPORT-MCMORAN CL B 35671D857 348,061 -14,800 -4.08 12,917 8.10 0.1866
2021-05-17 2021-03-31 13F FREEPORT-MCMORAN CL B 35671D857 362,861 -149,154 -29.13 11,949 -10.31 0.1839
2021-02-16 2020-12-31 13F FREEPORT-MCMORAN CL B 35671D857 512,015 500 0.10 13,323 66.54 0.2224
2020-11-16 2020-09-30 13F FREEPORT-MCMORAN INC CL B COM 35671D857 511,515 -2,400 -0.47 8,000 34.54 0.1530
2020-08-12 2020-06-30 13F FREEPORT-MCMORAN CL B 35671D857 513,915 513,915 5,946 0.1240
2019-07-31 2019-06-30 13F Freeport-Mcmoran Inc Cl B COM 35671D857 0 -11,335 -100.00 0 -100.00
2019-04-30 2019-03-31 13F Freeport-Mcmoran Inc Cl B COM 35671D857 11,335 11,335 146 0.0019
2019-02-08 2018-12-31 13F Freeport-Mcmoran Inc Cl B COM 35671D857 0 -14,043 -100.00 0 -100.00
2018-11-13 2018-09-30 13F Freeport-Mcmoran Inc Cl B COM 35671D857 14,043 14,043 195 0.0025
2017-04-28 2017-03-31 13F Freeport-McMoran COM 35671D857 0 -17,892 -100.00 0 -100.00
2017-01-30 2016-12-31 13F Freeport-McMoran COM 35671D857 17,892 -5,950 -24.96 236 -8.88 0.0030
2016-10-31 2016-09-30 13F Freeport-McMoran COM 35671D857 23,842 -14,500 -37.82 259 -39.34 0.0031
2016-08-15 2016-06-30 13F/A-1 Freeport-McMoran COM 35671D857 38,342 -8,525 -18.19 427 -11.96 0.0051
2016-07-29 2016-06-30 13F Freeport-McMoran COM 35671D857 38,342 427
2016-04-29 2016-03-31 13F Freeport-McMoran COM 35671D857 46,867 -60,175 -56.22 485 -33.10 0.0064
2016-01-29 2015-12-31 13F Freeport-McMoran COM 35671D857 107,042 -23,650 -18.10 725 -42.73 0.0098
2015-10-30 2015-09-30 13F Freeport-McMoran COM 35671D857 130,692 3,325 2.61 1,266 -46.63 0.0169
2015-07-31 2015-06-30 13F Freeport-McMoran COM 35671D857 127,367 24,291 23.57 2,372 21.45 0.0279
2015-04-30 2015-03-31 13F Freeport-McMoran COM 35671D857 103,076 103,076 0.00 1,953 0.0230
2015-01-30 2014-12-31 13F Freeport-McMoran COM 35671D857 0 -670,802 -100.00 0 -100.00
2014-10-30 2014-09-30 13F Freeport-McMoran COM 35671D857 670,802 -56,392 -7.75 21,902 -17.48 0.2431
2014-09-18 2014-06-30 13F/A-1 Freeport-McMoran COM 35671D857 727,194 102,324 16.38 26,543 28.45 0.2583
2014-07-30 2014-06-30 13F Freeport-McMoran COM 35671D857 727,194 26,543
2014-04-30 2014-03-31 13F Freeport-McMoran Copper & Gold COM 35671D857 624,870 19,676 3.25 20,664 -9.53 0.2720
2014-01-30 2013-12-31 13F Freeport-McMoran Copper & Gold COM 35671D857 605,194 239,342 65.42 22,840 88.73 0.3070
2013-10-30 2013-09-30 13F Freeport-McMoran Copper & Gold COM 35671D857 365,852 1,918 0.53 12,102 20.44 0.1509
2013-07-30 2013-06-30 13F Freeport-McMoran Copper & Gold COM 35671D857 363,934 363,934 10,048 0.1360
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.