Here’s What Lifted Freeport McMoRan (FCX)

Group 1: ClearBridge Growth Strategy Overview - ClearBridge Investments reported a strong but volatile performance in US equities for Q4 2025, with the S&P 500 Index returning 2.7% and the Russell Midcap Growth Index declining 3.7% [1] - The ClearBridge Growth Strategy achieved its third consecutive quarter of outperformance by maintaining a balanced, highly active share approach, capturing early momentum while providing downside protection during rising volatility [1] - The strategy emphasized disciplined portfolio management and opportunistic capital allocation as part of its long-term investment philosophy [1] Group 2: Freeport-McMoRan Inc. (NYSE:FCX) Performance - Freeport-McMoRan Inc. (NYSE:FCX) had a one-month return of 18.96% and a 52-week gain of 43.44%, closing at $56.53 per share with a market capitalization of $81.173 billion on January 9, 2026 [2] - The company was highlighted as a top contributor in the ClearBridge Growth Strategy's Q4 2025 investor letter, with recent additions to its holdings following a price drawdown due to an operational incident [3] - Management's effective handling of the operational incident reinforced the view that owning high-quality assets tied to long-term secular demand can be advantageous [3] Group 3: Hedge Fund Interest and Market Position - Freeport-McMoRan Inc. was held by 83 hedge fund portfolios at the end of Q3 2025, a decrease from 96 in the previous quarter, indicating a decline in popularity among hedge funds [4] - Despite acknowledging Freeport-McMoRan's potential, some analysts believe that certain AI stocks present greater upside potential and carry less downside risk [4]