Howard Marks acquired 1.2M Freeport-McMoRan shares worth $85.4M. That's 2.50% of their equity portfolio (12th largest holding). The first Freeport-McMoRan trade was made in Q3 2000. Since then Howard Marks bought shares twelve more times and sold shares on nine occasions. The stake costed the investor $44.2M, netting the investor a gain of 93% so far.