25 Stocks Billionaires Are Piling On

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2. Freeport-McMoRan Inc (NYSE:FCX)

Number of Billionaire Shareholders of FCX (as of June 30): 12

Value of Billionaires’ Holdings in FCX (as of June 30): $1.75 billion

Freeport-McMoRan Inc (NYSE:FCX) surged into second spot on this list, jumping to 12 billionaire shareholders from 9 quarter-over-quarter. As we noted in September, FCX was a stock that billionaires were buying even as other hedge funds were collectively selling (overall hedge fund ownership dropped to 42 from 46 during Q2). One of the company’s new billionaire bulls was Stanley Druckenmiller, whose Duquesne Capital bought a new stake of 858,000 shares during Q2.

Follow Freeport-Mcmoran Inc (NYSE:FCX)

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