Freeport-McMoRan Inc.
US ˙ NYSE ˙ US35671D8570

SecurityFCX / Freeport-McMoRan Inc.
InstitutionGabelli Equity Trust Inc
Latest Disclosed Ownership107,000 shares
Latest Disclosed Value $ 4,638,450
Gabelli Equity Trust Inc reports 21.90% decrease in ownership of FCX / Freeport-McMoRan Inc.

On August 29, 2025 - Gabelli Equity Trust Inc filed a NPORT-P form disclosing ownership of 107,000 shares of Freeport-McMoRan Inc. (US:FCX) valued at $4,638,450 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 30, 2025 disclosing 137,000 shares of Freeport-McMoRan Inc.. This represents a change in shares of -21.90% during the quarter. The current value of the position is $6,780,590 USD.

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)
2025-08-29 2025-06-30 NP Freeport-McMoRan EC US35671D8570 107,000 -30,000 -21.90 4,638 -10.57 0.2771
2025-05-30 2025-03-31 NP Freeport-McMoRan EC US35671D8570 137,000 30,000 28.04 5,187 27.30 0.3269
2025-03-03 2024-12-31 NP Freeport-McMoRan EC US35671D8570 107,000 -3,000 -2.73 4,075 -25.81 0.2531
2024-11-29 2024-09-30 NP Freeport-McMoRan EC US35671D8570 110,000 15,000 15.79 5,491 18.93 0.3257
2024-08-29 2024-06-28 NP Freeport-McMoRan EC US35671D8570 95,000 -12,500 -11.63 4,617 -8.65 0.2943
2024-05-30 2024-03-28 NP Freeport-McMoRan EC US35671D8570 107,500 -20,000 -15.69 5,055 -6.87 0.3022
2024-02-29 2023-12-29 NP Freeport-McMoRan EC US35671D8570 127,500 0 0.00 5,428 14.16 0.3459
2023-11-29 2023-09-29 NP Freeport-McMoRan EC US35671D8570 127,500 0 0.00 4,754 -6.78 0.3300
2023-08-29 2023-06-30 NP Freeport-McMoRan EC US35671D8570 127,500 17,500 15.91 5,100 13.33 0.3217
2023-05-30 2023-03-31 NP Freeport-McMoRan EC US35671D8570 110,000 -12,500 -10.20 4,500 -3.33 0.2917
2023-03-01 2022-12-30 NP Freeport-McMoRan EC US35671D8570 122,500 -2,000 -1.61 4,655 36.83 0.3090
2022-11-29 2022-09-30 NP Freeport-McMoRan EC US35671D8570 124,500 6,500 5.51 3,403 -1.45 0.2579
2022-08-29 2022-06-30 NP Freeport-McMoRan EC US35671D8570 118,000 18,250 18.30 3,453 -30.42 0.2401
2022-05-31 2022-03-31 NP Freeport-McMoRan EC US35671D8570 99,750 -6,750 -6.34 4,962 11.63 0.2835
2022-03-01 2021-12-31 NP Freeport-McMoRan EC US35671D8570 106,500 -6,500 -5.75 4,444 20.93 0.2375
2021-11-29 2021-09-30 NP Freeport-McMoRan EC US35671D8570 113,000 2,000 1.80 3,676 -10.78 0.2026
2021-08-20 2021-06-30 NP Freeport-McMoRan EC US35671D8570 111,000 -5,000 -4.31 4,119 7.86 0.2345
2021-05-28 2021-03-31 NP Freeport-McMoRan EC US35671D8570 116,000 15,000 14.85 3,820 45.32 0.2313
2021-02-19 2020-12-31 NP Freeport-McMoRan EC US35671D8570 101,000 6,000 6.32 2,628 76.97 0.1713
2020-11-25 2020-09-30 NP Freeport-McMoRan EC US35671D8570 95,000 0 0.00 1,486 35.12 0.1140
2020-08-24 2020-06-30 NP Freeport-McMoRan EC US35671D8570 95,000 15,000 18.75 1,099 103.52 0.0919
2020-05-22 2020-03-31 NP Freeport-McMoRan EC US35671D8570 80,000 0 0.00 540 -48.52 0.0539
2020-02-26 2019-12-31 NP Freeport-McMoRan EC 35671D857 80,000 0 0.00 1,050 37.12 0.0694
2019-11-26 2019-09-30 NP Freeport-McMoRan EC US35671D8570 80,000 80,000 766 0.0533
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.