Howard Marks acquired 1.22M Freeport-McMoRan shares worth $85M. That's 1.97% of their equity portfolio (16th 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 eight occasions. The stake costed the investor $44.9M, netting the investor a gain of 89% so far.