Fintel reports that on April 24, 2026, Morgan Stanley downgraded their outlook for Freeport-McMoRan (SNSE:FCX) from Overweight to Equal-Weight.

What is the Fund Sentiment?

There are 1,793 funds or institutions reporting positions in Freeport-McMoRan. This is an decrease of 615 owner(s) or 25.54% in the last quarter. Average portfolio weight of all funds dedicated to FCX is 0.28%, an increase of 22.65%. Total shares owned by institutions decreased in the last three months by 11.91% to 1,230,573K shares.

What are Other Shareholders Doing?

Fisher Asset Management holds 63,881K shares representing 4.44% ownership of the company. In its prior filing, the firm reported owning 63,258K shares , representing an increase of 0.97%. The firm increased its portfolio allocation in FCX by 23.32% over the last quarter.

Franklin Resources holds 37,354K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 28,462K shares , representing an increase of 23.80%. The firm increased its portfolio allocation in FCX by 67.22% over the last quarter.

Bank Of America holds 35,301K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 35,793K shares , representing a decrease of 1.39%. The firm increased its portfolio allocation in FCX by 30.43% over the last quarter.

Capital Research Global Investors holds 35,177K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 42,025K shares , representing a decrease of 19.47%. The firm increased its portfolio allocation in FCX by 6.65% over the last quarter.

Geode Capital Management holds 31,670K shares representing 2.20% ownership of the company. In its prior filing, the firm reported owning 31,431K shares , representing an increase of 0.75%. The firm decreased its portfolio allocation in FCX by 32.70% over the last quarter.