Mario Gabelli acquired 758k Freeport-McMoRan shares worth $48.8M. That's 0.44% of their equity portfolio (56th largest holding). The first Freeport-McMoRan trade was made in Q1 2001. Since then Mario Gabelli bought shares 41 more times and sold shares on 56 occasions. The stake costed the investor $12.7M, netting the investor a gain of 284% so far.