Howard Marks acquired 2.92 Million Freeport-McMoRan shares worth $149 Million. That's 2.62% of their equity portfolio (8th largest holding). The first Freeport-McMoRan trade was made in Q3 2000. Since then Howard Marks bought shares nine more times and sold shares on one occasions. The stake costed the investor $106 Million, netting the investor a gain of 40% so far.