Mario Gabelli acquired 1.02 Million Freeport-McMoRan shares worth $38.7 Million. That's 0.41% of their equity portfolio (50th 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 51 occasions. The stake costed the investor $17.1 Million, netting the investor a gain of 126% so far.