Freeport-McMoRan Inc.
MX ˙ BMV ˙ US35671D8570
SecurityMX:FCX / Freeport-McMoRan Inc.
InstitutionAdams Natural Resources Fund, Inc.
Latest Disclosed Ownership233,200 shares
Latest Disclosed Value $ 13,707,496
Adams Natural Resources Fund, Inc. ownership in FCX / Freeport-McMoRan Inc.

On April 22, 2026 - Adams Natural Resources Fund, Inc. filed a 13F-HR form disclosing ownership of 233,200 shares of Freeport-McMoRan Inc. (MX:FCX) valued at $13,707,496 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 233,200 shares of Freeport-McMoRan Inc.. This represents a change in shares of 0.00% 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)
2026-04-22 2026-03-31 13F Freeport-McMoRan COM 35671D857 233,200 0 0.00 13,707 15.73 1.5890
2026-02-13 2025-12-31 13F Freeport-McMoRan COM 35671D857 233,200 11,000 4.95 11,844 35.92 1.7963
2025-10-22 2025-09-30 13F Freeport-McMoRan COM 35671D857 222,200 -26,200 -10.55 8,715 -19.08 1.3221
2025-08-26 2025-06-30 NP Freeport-McMoRan EC 35671D857 248,400 0 0.00 10,768 0.00 0.0170
2025-07-30 2025-06-30 13F Freeport-McMoRan COM 35671D857 248,400 24,100 10.74 10,768 26.82 1.7061
2025-05-23 2025-03-31 NP Freeport-McMoRan EC 35671D857 224,300 48,947 27.91 8,492 90.89 1.2415
2025-04-23 2025-03-31 13F Halliburton COM 35671D857 175,353 -84,047 -32.40 4,449 -54.97 0.6544
2025-02-28 2024-12-31 NP Freeport-McMoRan, In EC 35671D857 259,400 0 0.00 9,878 0.00 1.5523
2025-02-11 2024-12-31 13F Freeport-McMoRan COM 35671D857 259,400 5,000 1.97 9,878 -22.22 1.5607
2024-11-25 2024-09-30 NP Freeport-McMoRan EC 35671D857 254,400 0 0.00 12,700 0.00 1.8637
2024-10-25 2024-09-30 13F Freeport-McMoRan COM 35671D857 254,400 -3,200 -1.24 12,700 1.44 1.8805
2024-08-28 2024-06-30 NP Freeport-McMoRan EC 35671D857 257,600 0 0.00 12,519 0.00 1.8144
2024-08-01 2024-06-30 13F Freeport-McMoRan COM 35671D857 257,600 1,300 0.51 12,519 3.88 1.8269
2024-05-30 2024-03-31 NP Freeport-McMoRan, InInc. EC 35671D857 256,300 0 0.00 12,051 0.00 1.6909
2024-04-24 2024-03-31 13F Freeport-McMoRan COM 35671D857 256,300 118,000 85.32 12,051 104.71 1.6997
2024-02-28 2023-12-31 NP Freeport-McMoRan, InInc. EC 35671D857 138,300 0 0.00 5,887 0.00 0.9294
2024-02-12 2023-12-31 13F Freeport-McMoRan COM 35671D857 138,300 11,300 8.90 5,887 24.33 0.9338
2023-11-21 2023-09-30 NP Freeport-McMoRan EC 35671D857 127,000 0 0.00 4,736 0.00 0.6982
2023-10-25 2023-09-30 13F Freeport-McMoRan COM 35671D857 127,000 -53,500 -29.64 4,736 -34.42 0.7037
2023-08-25 2023-06-30 NP Freeport-McMoRan EC 35671D857 180,500 0 0.00 7,220 0.00 1.1627
2023-08-01 2023-06-30 13F Freeport-McMoRan COM 35671D857 180,500 -33,000 -15.46 7,220 -17.33 1.1715
2023-05-26 2023-03-31 NP Freeport-McMoRan EC 35671D857 213,500 0 0.00 8,734 0.00 1.3927
2023-04-26 2023-03-31 13F Freeport-McMoRan COM 35671D857 213,500 0 0.00 8,734 7.65 1.4039
2023-02-28 2022-12-31 NP Freeport-McMoRan EC 35671D857 213,500 0 0.00 8,113 0.00 1.2460
2023-02-03 2022-12-31 13F Freeport-McMoRan COM 35671D857 213,500 -7,600 -3.44 8,113 34.28 0.0013
2022-11-21 2022-09-30 NP Freeport-McMoRan EC 35671D857 221,100 0 0.00 6,043 -0.02 1.0934
2022-10-26 2022-09-30 13F Freeport-McMoRan COM 35671D857 221,100 -19,200 -7.99 6,043 -14.05 1.1027
2022-08-26 2022-06-30 NP Freeport-McMoRan EC 35671D857 240,300 0 0.00 7,031 0.00 1.2794
2022-07-27 2022-06-30 13F Freeport-McMoRan COM 35671D857 240,300 7,100 3.04 7,031 -39.38 1.2885
2022-05-27 2022-03-31 NP Freeport-McMoRan EC 35671D857 233,200 0 0.00 11,599 0.00 1.9398
2022-04-27 2022-03-31 13F Freeport-McMoRan COM 35671D857 233,200 7,900 3.51 11,599 23.38 1.9559
2022-02-28 2021-12-31 NP Freeport-McMoRan EC 35671D857 225,300 0 0.00 9,402 -0.01 1.9979
2022-02-11 2021-12-31 13F Freeport-McMoRan COM 35671D857 225,300 0 0.00 9,402 28.28 2.0128
2021-11-29 2021-09-30 NP Freeport-McMoRan EC 35671D857 225,300 0 0.00 7,329 0.00 1.6857
2021-10-27 2021-09-30 13F Freeport-McMoRan COM 35671D857 225,300 2,700 1.21 7,329 -11.27 1.6975
2021-08-30 2021-06-30 NP Freeport-McMoRan EC 35671D857 222,600 0 0.00 8,261 -0.01 1.8529
2021-07-23 2021-06-30 13F Freeport-McMoRan COM 35671D857 222,600 0 0.00 8,261 12.70 1.8634
2021-05-28 2021-03-31 NP Freeport-McMoRan EC 35671D857 222,600 0 0.00 7,330 0.00 0.0180
2021-04-23 2021-03-31 13F Freeport-McMoRan COM 35671D857 222,600 -22,100 -9.03 7,330 15.12 1.8056
2021-02-25 2020-12-31 NP Freeport-McMoRan EC 35671D857 244,700 0 0.00 6,367 0.00 0.0192
2021-02-12 2020-12-31 13F Freeport-McMoRan COM 35671D857 244,700 -48,900 -16.66 6,367 38.68 1.9271
2020-11-25 2020-09-30 NP Freeport-McMoRan EC 35671D857 293,600 0 0.00 4,592 -0.02 0.0166
2020-10-20 2020-09-30 13F Freeport-McMoRan COM 35671D857 293,600 -89,600 -23.38 4,592 3.59 1.6741
2020-08-28 2020-06-30 NP Freeport-McMoRan EC 35671D857 383,200 0 0.00 4,434 -0.02 0.0115
2020-07-23 2020-06-30 13F Freeport-McMoRan COM 35671D857 383,200 0 0.00 4,434 71.46 1.1543
2020-06-01 2020-03-31 NP Freeport-McMoRan EC 35671D857 383,200 0 0.00 2,587 -0.04 0.0085
2020-04-16 2020-03-31 13F Freeport-McMoRan COM 35671D857 383,200 227,500 146.11 2,587 26.69 0.8670
2020-02-28 2019-12-31 NP Freeport-McMoRan EC 35671D857 155,700 0 0.00 2,043 -0.05 0.0036
2020-01-31 2019-12-31 13F Freeport-McMoRan COM 35671D857 155,700 -21,400 -12.08 2,043 20.60 0.3660
2019-11-20 2019-09-30 NP Freeport-McMoRan EC 35671D857 177,100 0 0.00 1,695 -0.06 0.0031
2019-10-28 2019-09-30 13F Freeport-McMoRan COM 35671D857 177,100 0 0.00 1,695 -17.56 0.3067
2019-07-29 2019-06-30 13F Freeport-McMoRan COM 35671D857 177,100 0 0.00 2,056 -9.94 0.3524
2019-04-26 2019-03-31 13F Freeport-McMoRan COM 35671D857 177,100 0 0.00 2,283 25.03 0.3868
2019-02-14 2018-12-31 13F Freeport-McMoRan COM 35671D857 177,100 0 0.00 1,826 -25.92 0.3509
2018-10-29 2018-09-30 13F Freeport-McMoRan COM 35671D857 177,100 -221,600 -55.58 2,465 -64.18 0.3608
2018-07-26 2018-06-30 13F Freeport-McMoRan COM 35671D857 398,700 0 0.00 6,882 -1.76 1.0081
2018-04-27 2018-03-31 13F Freeport-McMoRan COM 35671D857 398,700 0 0.00 7,005 -7.33 1.1289
2018-02-13 2017-12-31 13F Freeport-McMoRan COM 35671D857 398,700 0 0.00 7,559 35.03 1.1320
2017-10-30 2017-09-30 13F Freeport-McMoRan COM 35671D857 398,700 0 0.00 5,598 16.92 0.8657
2017-07-21 2017-06-30 13F FREEPORT-MCMORAN CL B 35671D857 398,700 0 0.00 4,788 -10.12 0.7858
2017-04-28 2017-03-31 13F FREEPORT-MCMORAN CL B 35671D857 398,700 39,900 11.12 5,327 12.55 0.8154
2017-02-14 2016-12-31 13F FREEPORT-MCMORAN CL B 35671D857 358,800 110,800 44.68 4,733 71.30 0.7047
2016-10-24 2016-09-30 13F FREEPORT-MCMORAN CL B 35671D857 248,000 0 0.00 2,763 0.00 0.4344
2016-07-22 2016-06-30 13F FREEPORT-MCMORAN CL B 35671D857 248,000 0 0.00 2,763 7.76 0.4344
2016-04-25 2016-03-31 13F FREEPORT-MCMORAN CL B 35671D857 248,000 0 0.00 2,564 52.71 0.4333
2016-02-10 2015-12-31 13F FREEPORT-MCMORAN CL B 35671D857 248,000 0 0.00 1,679 -30.13 0.2910
2015-11-02 2015-09-30 13F FREEPORT-MCMORAN CL B 35671D857 248,000 0 0.00 2,403 -47.96 0.4130
2015-07-24 2015-06-30 13F FREEPORT-MCMORAN CL B 35671D857 248,000 0 0.00 4,618 -1.74 0.6474
2015-05-08 2015-03-31 13F FREEPORT-MCMORAN CL B 35671D857 248,000 -239,000 -49.08 4,700 -58.68 0.6468
2015-02-11 2014-12-31 13F FREEPORT-MCMORAN CL B 35671D857 487,000 0 0.00 11,376 -28.46 1.5089
2014-10-21 2014-09-30 13F FREEPORT-MCMORAN CL B 35671D857 487,000 0 0.00 15,901 -10.55 1.7782
2014-07-31 2014-06-30 13F FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 487,000 0 0.00 17,776 10.38 1.8369
2014-04-23 2014-03-31 13F FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 487,000 0 0.00 16,105 -12.37 1.8418
2014-02-14 2013-12-31 13F FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 487,000 0 0.00 18,379 14.08 2.1268
2013-10-18 2013-09-30 13F FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 487,000 0 0.00 16,110 19.81 1.9480
2013-08-14 2013-06-30 13F FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 487,000 487,000 13,446 1.7568
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.