ClearBridge Investments released its Q4 2025 investor letter, noting strong but volatile US equities performance. The S&P 500 Index returned 2.7% while the Russell Midcap Growth Index declined 3.7%. The strategy outperformed for the third consecutive quarter, maintaining its long-term investment philosophy. Top five holdings for 2025 are available for review.

In Q4 2025, ClearBridge Growth Strategy highlighted Freeport-McMoRan Inc. (FCX). FCX engages in mineral mining, with a one-month return of 18.96% and 43.44% gains over 52 weeks. On January 9, 2026, FCX closed at $56.53/share with a market cap of $81.173 billion.

Regarding FCX, ClearBridge Growth Strategy added to its holdings due to a price drawdown related to an operational incident. The company’s effective management post-incident reinforced the strategy’s view on owning high-quality assets tied to long-term demand.

FCX is not among the 30 most popular stocks among hedge funds, with 83 hedge fund portfolios holding it in Q3 2025. While acknowledging FCX’s potential, certain AI stocks offer greater upside with less downside risk. For an undervalued AI stock benefiting from Trump-era tariffs, see the free report on the best short-term AI stock.

In another article, Diamond Hill Mid Cap Strategy’s views on FCX in the previous quarter were covered. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q4 2025 page.

Read more at Yahoo Finance: Here’s What Lifted Freeport McMoRan (FCX)