Freeport-McMoRan Inc.
US ˙ NYSE ˙ US35671D8570

SecurityFCX / Freeport-McMoRan Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership344,175 shares
Latest Disclosed Value $ 20,230,613
Cwm, Llc reports 24.12% increase in ownership of FCX / Freeport-McMoRan Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 344,175 shares of Freeport-McMoRan Inc. (US:FCX) valued at $20,230,606 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 277,299 shares of Freeport-McMoRan Inc.. This represents a change in shares of 24.12% during the quarter. The current value of the position is $24,312,522 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)
2026-05-14 2026-03-31 13F FREEPORT MCMORAN CL B 35671D857 344,175 66,876 24.12 20,231 144,400.00 0.0526
2026-01-26 2025-12-31 13F FREEPORT-MCMORAN CL B 35671D857 277,299 60,309 27.79 14 75.00 0.0382
2025-10-15 2025-09-30 13F FREEPORT-MCMORAN CL B 35671D857 216,990 69,873 47.49 9 33.33 0.0256
2025-07-25 2025-06-30 13F FREEPORT-MCMORAN CL B 35671D857 147,117 77,620 111.69 6 200.00 0.0225
2025-05-01 2025-03-31 13F FREEPORT-MCMORAN CL B 35671D857 69,497 18,164 35.38 3 100.00 0.0105
2025-02-04 2024-12-31 13F FREEPORT-MCMORAN CL B 35671D857 51,333 4,991 10.77 2 -50.00 0.0081
2024-10-08 2024-09-30 13F FREEPORT-MCMORAN CL B 35671D857 46,342 -938 -1.98 2 0.00 0.0099
2024-07-10 2024-06-30 13F FREEPORT-MCMORAN CL B 35671D857 47,280 4,724 11.10 2 0.00 0.0108
2024-04-05 2024-03-31 13F FREEPORT-MCMORAN CL B 35671D857 42,556 5,162 13.80 2 100.00 0.0097
2024-02-01 2023-12-31 13F FREEPORT-MCMORAN CL B 35671D857 37,394 2,220 6.31 2 0.00 0.0086
2023-10-11 2023-09-30 13F FREEPORT-MCMORAN CL B 35671D857 35,174 6,661 23.36 1 0.00 0.0080
2023-08-03 2023-06-30 13F FREEPORT-MCMORAN CL B 35671D857 28,513 3,240 12.82 1 0.00 0.0071
2023-05-01 2023-03-31 13F FREEPORT-MCMORAN CL B 35671D857 25,273 1,214 5.05 1 0.0070
2023-02-01 2022-12-31 13F FREEPORT-MCMORAN CL B 35671D857 24,059 6,462 36.72 1 -100.00 0.0067
2022-10-27 2022-09-30 13F FREEPORT-MCMORAN CL B 35671D857 17,597 3,490 24.74 481 16.46 0.0038
2022-07-28 2022-06-30 13F FREEPORT-MCMORAN CL B 35671D857 14,107 -3,662 -20.61 413 -53.28 0.0032
2022-04-21 2022-03-31 13F FREEPORT-MCMORAN CL B 35671D857 17,769 4,235 31.29 884 56.46 0.0063
2022-01-31 2021-12-31 13F FREEPORT-MCMORAN CL B 35671D857 13,534 -4,981 -26.90 565 -17.76 0.0040
2021-09-15 2021-06-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2021-07-29 2021-06-30 13F FREEPORT-MCMORAN CL B 35671D857 18,515 0 687 0.0055
2021-09-15 2021-03-31 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2021-04-27 2021-03-31 13F FREEPORT-MCMORAN CL B 35671D857 11,598 -6,917 382 0.0034
2021-09-15 2020-12-31 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2021-01-27 2020-12-31 13F FREEPORT-MCMORAN CL B 35671D857 14,127 -4,388 368 0.0034
2021-09-15 2020-09-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2020-10-19 2020-09-30 13F FREEPORT-MCMORAN CL B 35671D857 4,894 -13,621 77 0.0009
2021-09-15 2020-06-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2020-07-22 2020-06-30 13F FREEPORT-MCMORAN CL B 35671D857 2,723 -15,792 32 0.0004
2021-09-15 2020-03-31 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2020-04-28 2020-03-31 13F FREEPORT-MCMORAN CL B 35671D857 3,439 -15,076 23 0.0003
2021-09-14 2019-12-31 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2020-01-27 2019-12-31 13F FREEPORT-MCMORAN CL B 35671D857 3,155 -15,360 41 0.0005
2021-09-14 2019-09-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2019-10-22 2019-09-30 13F FREEPORT-MCMORAN CL B 35671D857 12,440 -6,075 119 0.0017
2021-09-14 2019-06-30 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 0 0.00 687 0.00 0.0055
2019-07-31 2019-06-30 13F FREEPORT-MCMORAN CL B 35671D857 12,045 -6,470 140 0.0023
2021-09-02 2019-03-31 13F/A-1 FREEPORT-MCMORAN CL B 35671D857 18,515 14,571 369.45 687 1,575.61 0.0055
2019-04-22 2019-03-31 13F FREEPORT-MCMORAN CL B 35671D857 2,999 -945 39 0.0008
2019-01-25 2018-12-31 13F FREEPORT-MCMORAN CL B 35671D857 3,944 -1,632 -29.27 41 -47.44 0.0010
2018-10-29 2018-09-30 13F FREEPORT-MCMORAN CL B 35671D857 5,576 203 3.78 78 -16.13 0.0020
2018-07-31 2018-06-30 13F FREEPORT-MCMORAN CL B 35671D857 5,373 75 1.42 93 0.00 0.0031
2018-04-26 2018-03-31 13F FREEPORT-MCMORAN CL B 35671D857 5,298 1,382 35.29 93 25.68 0.0037
2018-01-16 2017-12-31 13F FREEPORT-MCMORAN CL B 35671D857 3,916 0 0.00 74 34.55 0.0033
2017-10-16 2017-09-30 13F FREEPORT-MCMORAN CL B 35671D857 3,916 -60 -1.51 55 14.58 0.0026
2017-07-17 2017-06-30 13F FREEPORT-MCMORAN CL B 35671D857 3,976 60 1.53 48 -7.69 0.0025
2017-04-17 2017-03-31 13F FREEPORT-MCMORAN CL B 35671D857 3,916 -651 -14.25 52 -13.33 0.0029
2017-01-19 2016-12-31 13F FREEPORT-MCMORAN CL B 35671D857 4,567 3,887 571.62 60 757.14 0.0037
2016-10-17 2016-09-30 13F FREEPORT-MCMORAN CL B 35671D857 680 -389 -36.39 7 -41.67 0.0005
2016-07-21 2016-06-30 13F FREEPORT-MCMORAN CL B 35671D857 1,069 19 1.81 12 9.09 0.0009
2016-04-18 2016-03-31 13F FREEPORT-MCMORAN CL B 35671D857 1,050 -42 -3.85 11 57.14 0.0010
2016-02-01 2015-12-31 13F FREEPORT-MCMORAN CL B 35671D857 1,092 0 0.00 7 -36.36 0.0007
2015-10-30 2015-09-30 13F FREEPORT-MCMORAN CL B 35671D857 1,092 692 173.00 11 -26.67 0.0011
2014-02-14 2013-12-31 13F FREEPORT-MCMORAN COPPER & GO COM 35671D857 400 -612 -60.47 15 -54.55 0.0023
2013-11-14 2013-09-30 13F FREEPORT-MCMORAN COPPER & GO COM 35671D857 1,012 1,012 33 0.0087
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.