Freeport-McMoRan Inc.
MX ˙ BMV ˙ US35671D8570
SecurityMX:FCX / Freeport-McMoRan Inc.
InstitutionVarma Mutual Pension Insurance Co
Latest Disclosed Ownership359,367 shares
Latest Disclosed Value $ 21,123,592
Varma Mutual Pension Insurance Co ownership in FCX / Freeport-McMoRan Inc.

On May 5, 2026 - Varma Mutual Pension Insurance Co filed a 13F-HR form disclosing ownership of 359,367 shares of Freeport-McMoRan Inc. (MX:FCX) valued at $21,123,592 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 359,367 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)
2026-05-05 2026-03-31 13F FREEPORT MCMORAN CL B 35671D857 359,367 0 0.00 21,124 15.73 0.1244
2026-02-02 2025-12-31 13F FREEPORT-MCMORAN CL B 35671D857 359,367 -174,300 -32.66 18,252 -12.80 0.1104
2025-11-06 2025-09-30 13F FREEPORT-MCMORAN CL B 35671D857 533,667 41,900 8.52 20,930 -1.82 0.1342
2025-08-07 2025-06-30 13F FREEPORT-MCMORAN CL B 35671D857 491,767 67,700 15.96 21,318 32.78 0.1571
2025-05-13 2025-03-31 13F FREEPORT-MCMORAN CL B 35671D857 424,067 -28,500 -6.30 16,055 -6.84 0.1381
2025-02-07 2024-12-31 13F FREEPORT-MCMORAN CL B 35671D857 452,567 69,000 17.99 17,234 -0.20 0.1309
2024-11-12 2024-09-30 13F FREEPORT-MCMORAN CL B 35671D857 383,567 -22,800 -5.61 17,268 -12.56 0.1367
2024-08-06 2024-06-30 13F FREEPORT-MCMORAN CL B 35671D857 406,367 -129,033 -24.10 19,749 -21.55 0.1588
2024-05-13 2024-03-31 13F FREEPORT-MCMORAN CL B 35671D857 535,400 428,000 398.51 25,175 450.61 0.2181
2024-02-13 2023-12-31 13F FREEPORT-MCMORAN CL B 35671D857 107,400 107,400 4,572 0.0513
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.