Mario Gabelli acquired 1.09 Million Freeport-McMoRan shares worth $59.2 Million. That's 0.62% of their equity portfolio (34th largest holding). The first Freeport-McMoRan trade was made in Q1 2001. Since then Mario Gabelli bought shares 40 more times and sold shares on 49 occasions. The stake costed the investor $18.3 Million, netting the investor a gain of 224% so far.