Assenagon Asset Management S.A. lessened its stake in Freeport-McMoRan Inc. ( NYSE:FCX – Free Report ) by 78.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,368 shares of the natural resource company's stock after selling 1,265,924 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Freeport-McMoRan were worth $13,655,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also made changes to their positions in FCX.

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