PRIMECAP Management's position in Freeport-McMoRan is currently worth $181 Million. That's 0.14% of their equity portfolio (100th largest holding). The first Freeport-McMoRan trade was made in Q1 2013. Since then PRIMECAP Management bought shares eleven more times and sold shares on four occasions. The stake costed the investor $92.4 Million, netting the investor a gain of 96% so far.
Freeport-McMoRan management forecasts positive trends for copper and gold prices, presenting profitable opportunities in trading. Read more here.
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