Kopernik Global Investors, LLC
CIK 0001599814
Annualised vol
6.85589%
Beta
0.175859
HHI
769.463619
Top-10 weight
75.723306%
VaR 95%
0.646248%
VaR 99%
1.267665%
Max drawdown
12.082142%
Matched value
67.9385%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SA | ADDED | 7,554,992 | 7,332,863 | 3.03% | 194,465,494 |
| EXE | ADDED | 1,723,513 | 813,632 | 111.83% | 157,167,150 |
| KT | ADDED | 9,043,938 | 5,321,922 | 69.94% | 156,279,249 |
| NTR | ADDED | 2,185,431 | 1,423,780 | 53.49% | 137,572,882 |
| WY | ADDED | 3,758,427 | 1,904,591 | 97.34% | 89,976,742 |
| CNXC | ADDED | 3,175,766 | 1,627,306 | 95.15% | 71,153,038 |
| RYN | ADDED | 3,268,598 | 2,186,503 | 49.49% | 69,555,765 |
| NICE | ADDED | 563,013 | 250,948 | 124.35% | 51,149,731 |
| RGLD | ADDED | 214,983 | 86,159 | 149.52% | 42,912,757 |
| NG | ADDED | 6,898,074 | 6,511,729 | 5.93% | 41,181,502 |
| CMCSA | ADDED | 1,278,141 | 649,213 | 96.88% | 31,378,362 |
| VGZ | ADDED | 14,049,338 | 13,852,010 | 1.42% | 26,834,236 |
| MOS | NEW | 1,119,095 | - | - | 23,713,623 |
| IE | REDUCED | 1,033,970 | 1,784,170 | -42.05% | 9,936,452 |
| NEM | ADDED | 50,328 | 761 | 6513.4% | 4,700,635 |
| PLG | ADDED | 407,105 | 358,692 | 13.5% | 549,592 |
| AZO | UNCHANGED | 400 | 400 | 0.0% | 260,800 |
| AMGN | UNCHANGED | 4,200 | 4,200 | 0.0% | 38,010 |
| AAPL | UNCHANGED | 5,000 | 5,000 | 0.0% | 34,000 |
| ABBV | UNCHANGED | 4,600 | 4,600 | 0.0% | 33,580 |
| MOH | CLOSED OUT | 0 | 291,941 | -100.0% | 0 |
| HUM | CLOSED OUT | 0 | 113,385 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | RANGE RES CORP | COM | 75281A109 | 244,559,246 | 14.98 | 6575941.0 | |
| SA | ADDED | SEABRIDGE GOLD INC | COM | 811927102 | 194,465,494 | 11.91 | 7554992.0 |
| EXE | ADDED | EXPAND ENERGY CORPORATION | COM | 165167735 | 157,167,150 | 9.63 | 1723513.0 |
| KT | ADDED | KT CORP | SPONSORED ADR | 48268K101 | 156,279,249 | 9.57 | 9043938.0 |
| NTR | ADDED | NUTRIEN LTD | COM | 67077M108 | 137,572,882 | 8.43 | 2185431.0 |
| WY | ADDED | WEYERHAEUSER CO | COM NEW | 962166104 | 89,976,742 | 5.51 | 3758427.0 |
| CNXC | ADDED | CONCENTRIX CORP | COM | 20602D101 | 71,153,038 | 4.36 | 3175766.0 |
| RYN | ADDED | RAYONIER INC | COM | 754907103 | 69,555,765 | 4.26 | 3268598.0 |
| - | NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 | 61,782,513 | 3.79 | 3.2178392E7 | |
| - | CRESUD S A C I F Y A | SPONSORED ADR | 226406106 | 53,445,289 | 3.27 | 4767644.0 | |
| NICE | ADDED | NICE LTD | SPONSORED ADR | 653656108 | 51,149,731 | 3.13 | 563013.0 |
| - | FRANKLIN RESOURCES INC | COM | 354613101 | 43,935,397 | 2.69 | 1320571.0 | |
| RGLD | ADDED | ROYAL GOLD INC | COM | 780287108 | 42,912,757 | 2.63 | 214983.0 |
| - | CENTENE CORP DEL | COM | 15135B101 | 41,512,700 | 2.54 | 646716.0 | |
| NG | ADDED | NOVAGOLD RESOURCES INC | COM NEW | 66987E206 | 41,181,502 | 2.52 | 6898074.0 |
| - | INTERNATIONAL TOWER HILL MIN | COM | 46050R102 | 37,347,391 | 2.29 | 1.8767533E7 | |
| - | EPAM SYS INC | COM | 29414B104 | 31,962,894 | 1.96 | 402809.0 | |
| CMCSA | ADDED | COMCAST CORP NEW | CL A | 20030N101 | 31,378,362 | 1.92 | 1278141.0 |
| VGZ | ADDED | VISTA GOLD CORP | COM NEW | 927926303 | 26,834,236 | 1.64 | 1.4049338E7 |
| MOS | NEW | MOSAIC CO | COM | 61945C103 | 23,713,623 | 1.45 | 1119095.0 |
| IE | REDUCED | IVANHOE ELECTRIC INC | COM | 46578C108 | 9,936,452 | 0.61 | 1033970.0 |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 4,938,679 | 0.3 | 134459.0 | |
| NEM | ADDED | NEWMONT CORP | COM | 651639106 | 4,700,635 | 0.29 | 50328.0 |
| - | KOREA ELEC PWR CORP | SPONSORED ADR | 500631106 | 2,506,394 | 0.15 | 207140.0 | |
| - | IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 | 1,317,958 | 0.08 | 85360.0 | |
| PLG | ADDED | PLATINUM GROUP METALS LTD | COM | 72765Q882 | 549,592 | 0.03 | 407105.0 |
| AZO | UNCHANGED | AUTOZONE INC | COM | 053332102 | 260,800 | 0.02 | 400.0 |
| AMGN | UNCHANGED | AMGEN INC | COM | 031162100 | 38,010 | 0.0 | 4200.0 |
| AAPL | UNCHANGED | APPLE INC | COM | 037833100 | 34,000 | 0.0 | 5000.0 |
| ABBV | UNCHANGED | ABBVIE INC | COM | 00287Y109 | 33,580 | 0.0 | 4600.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | 1,632,202,061 | 30 | 6.85589 | 0.175859 | 12.082142 |
| 2026-03-31 | 2026-05-13 | 1,432,165,836 | 31 | 5.987653 | 0.141958 | 9.900506 |
| 2025-12-31 | 2026-02-13 | 1,252,074,069 | 27 | 5.204816 | 0.101415 | 9.961185 |
| 2025-09-30 | 2025-11-14 | 1,227,250,740 | 28 | 3.629019 | 0.037393 | 7.611306 |
| 2025-03-31 | 2025-05-14 | 964,751,981 | 31 | 5.210352 | 0.0703 | 7.446295 |
| 2024-12-31 | 2025-02-13 | 935,407,001 | 34 | 6.027309 | 0.081035 | 7.805534 |