Howard Marks acquired 2.97 Million Freeport-McMoRan shares worth $161 Million. That's 2.82% of their equity portfolio (6th largest holding). The first Freeport-McMoRan trade was made in Q3 2000. Since then Howard Marks bought shares ten more times and sold shares on one occasions. The stake costed the investor $109 Million, netting the investor a gain of 48% so far.