Mario Gabelli acquired 1.13 Million Freeport-McMoRan shares worth $56.8 Million. That's 0.62% of their equity portfolio (36th largest holding). The first Freeport-McMoRan trade was made in Q1 2001. Since then Mario Gabelli bought shares 40 more times and sold shares on 48 occasions. The stake costed the investor $19 Million, netting the investor a gain of 200% so far.