Mario Gabelli acquired 1.01M Freeport-McMoRan shares worth $46.6M. That's 0.43% of their equity portfolio (55th 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 53 occasions. The stake costed the investor $16.9M, netting the investor a gain of 175% so far.