Howard Marks acquired 1.2M Freeport-McMoRan shares worth $75.2M. That's 2.25% of their equity portfolio (11th 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 70% so far.