Freeport-McMoRan Inc. sees shifting institutional holdings

Recent SEC filings reveal shifting institutional positions in Freeport-McMoRan Inc. During the second quarter, Oversea Chinese Banking Corp Ltd acquired 13,366 shares of the natural resource company, a stake valued at approximately $835,000.

In the same period, Allstate Corp reduced its position in Freeport-McMoRan by 20.3%, selling 34,219 shares. Following this sale, Allstate Corp held 134,272 shares valued at roughly $8,444,000.

Other institutional movements include Connor Clark & Lunn Investment Management Ltd. increasing its holdings by 53.8% and Barrow Hanley Mewhinney & Strauss LLC increasing its stake by 1.4%. Currently, hedge funds and other institutional investors own approximately 80.77% of the company's stock.