Freeport-McMoRan Inc.
MX ˙ BMV ˙ US35671D8570
SecurityMX:FCX / Freeport-McMoRan Inc.
InstitutionBaldwin Investment Management, LLC
Latest Disclosed Ownership35,712 shares
Latest Disclosed Value $ 2,099,151
Baldwin Investment Management, LLC reports 4.29% decrease in ownership of FCX / Freeport-McMoRan Inc.

On May 12, 2026 - Baldwin Investment Management, LLC filed a 13F-HR form disclosing ownership of 35,712 shares of Freeport-McMoRan Inc. (MX:FCX) valued at $2,099,151 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 37,312 shares of Freeport-McMoRan Inc.. This represents a change in shares of -4.29% 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 Common Stock 35671D857 35,712 -1,600 -4.29 2,099 10.77 0.2453
2026-02-13 2025-12-31 13F Freeport McMoRan Common Stock 35671D857 37,312 -622 -1.64 1,895 27.44 0.2139
2025-11-10 2025-09-30 13F Freeport McMoRan Common Stock 35671D857 37,934 4,700 14.14 1,488 3.26 0.1703
2025-08-11 2025-06-30 13F Freeport McMoRan Common Stock 35671D857 33,234 -1,100 -3.20 1,441 10.85 0.1739
2025-05-07 2025-03-31 13F Freeport McMoRan Common Stock 35671D857 34,334 1,160 3.50 1,300 2.85 0.1562
2025-02-14 2024-12-31 13F Freeport McMoRan Common Stock 35671D857 33,174 93 0.28 1,263 -23.50 0.1645
2024-11-13 2024-09-30 13F Freeport McMoRan Common Stock 35671D857 33,081 7,624 29.95 1,651 33.47 0.2070
2024-07-30 2024-06-30 13F Freeport McMoRan Common Stock 35671D857 25,457 325 1.29 1,237 4.74 0.1694
2024-05-14 2024-03-31 13F Freeport McMoRan Common Stock 35671D857 25,132 1,000 4.14 1,182 15.00 0.1603
2024-02-13 2023-12-31 13F Freeport McMoRan Common Stock 35671D857 24,132 1,650 7.34 1,027 22.55 0.1606
2023-11-14 2023-09-30 13F Freeport McMoRan Common Stock 35671D857 22,482 2,575 12.94 838 5.28 0.1402
2023-08-01 2023-06-30 13F Freeport McMoRan Common Stock 35671D857 19,907 0 0.00 796 -2.21 0.1312
2023-05-15 2023-03-31 13F Freeport McMoRan Common Stock 35671D857 19,907 108 0.55 814 8.24 0.1445
2023-02-10 2022-12-31 13F Freeport McMoRan Common Stock 35671D857 19,799 -6,025 -23.33 752 6.52 0.1360
2022-11-14 2022-09-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 25,824 1,536 6.32 706 -0.70 0.1437
2022-08-02 2022-06-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 24,288 4,014 19.80 711 -29.46 0.1351
2022-05-16 2022-03-31 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 20,274 4,844 31.39 1,008 56.52 0.1526
2022-02-11 2021-12-31 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 15,430 685 4.65 644 34.17 0.1006
2021-11-15 2021-09-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 14,745 1,850 14.35 480 0.21 0.0836
2021-08-16 2021-06-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 12,895 1,120 9.51 479 23.45 0.0815
2021-05-14 2021-03-31 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 11,775 11,775 388 0.0708
2015-02-06 2014-12-31 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 0 -15,526 -100.00 0 -100.00
2014-11-12 2014-09-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 15,526 -363 -2.28 507 -12.59 0.2085
2014-08-08 2014-06-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 15,889 0 0.00 580 10.48 0.2507
2014-05-08 2014-03-31 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 15,889 -150 -0.94 525 -13.22 0.2323
2014-02-10 2013-12-31 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 16,039 800 5.25 605 20.04 0.2726
2013-11-06 2013-09-30 13F Freeport McMoRan Cp&Gld B Common Stock 35671D857 15,239 0 0.00 504 19.71 0.2429
2013-08-09 2013-06-30 13F Freeport McMoRan Cp&Gld B COM 35671D857 15,239 15,239 421 0.2084
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.