Kopernik Global Investors, LLC Hedge Fund

Location: Tampa, FL

CIK: 0001599814 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 15, 2019

Total Value: $573M (100.0% shares, 0.0% debt)

Holdings (29)

CCJ CAMECO CORP 19.5%

Value $112M Shares 9,460,590 Est. Cost $12.72 Unrealized -7.8%

RRC RANGE RES CORP 17.6%

Value $101M Shares 8,975,210 Est. Cost $14.08 Unrealized -23.0%

KT KT CORP 14.5%

Value $82.93M Shares 6,666,321 Est. Cost $13.62 Unrealized —

— TURQUOISE HILL RES LTD 14.1%

Value $80.71M Shares 48,617,821 Est. Cost $2.18 Unrealized —

WPM Wheaton Precious Metals Corp 12.5%

Value $71.4M Shares 2,997,468 Est. Cost $18.38 Unrealized +6.6%

NGD NEW GOLD INC CDA 5.7%

Value $32.59M Shares 37,855,424 Est. Cost $2.31 Unrealized -57.5%

— GENERAL ELECTRIC CO 3.6%

Value $20.88M Shares 2,089,691 Est. Cost $7.57 Unrealized —

— TSAKOS ENERGY NAVIGATION LTD 3.4%

Value $19.71M Shares 6,358,172 Est. Cost $5.08 Unrealized —

DSX DIANA SHIPPING INC 3.3%

Value $18.74M Shares 6,644,968 Est. Cost $2.42 Unrealized -27.6%

NG NOVAGOLD RES INC 3.2%

Value $18.52M Shares 4,441,671 Est. Cost $3.85 Unrealized +2.3%

NAK NORTHERN DYNASTY MINERALS LT 0.8%

Value $4.763M Shares 7,872,413 Est. Cost $0.94 Unrealized -16.7%

THM INTERNATIONAL TOWER HILL MIN 0.7%

Value $4.162M Shares 7,829,912 Est. Cost $0.48 Unrealized +18.0%

RGLD ROYAL GOLD INC 0.5%

Value $2.82M Shares 31,014 Est. Cost $48.70 Unrealized +79.4%

EEM ISHARES TR 0.2%

Value $1.283M Shares 733,400 Est. Cost — Unrealized —

— CLOUD PEAK ENERGY INC 0.1%

Value $498K Shares 4,742,078 Est. Cost $3.32 Unrealized —

AXIA CENTRAIS ELETRICAS BRASILEIR 0.1%

Value $330K Shares 35,223 Est. Cost $3.21 Unrealized —

KGC KINROSS GOLD CORP 0.0%

Value $236K Shares 68,492 Est. Cost $3.15 Unrealized +5.7%

SSRM SSR MNG INC 0.0%

Value $230K Shares 18,180 Est. Cost $8.74 Unrealized +51.3%

ABBV ABBVIE INC 0.0%

Value $152K Shares 4,300 Est. Cost — Unrealized —

— GOLDCORP INC NEW 0.0%

Value $135K Shares 11,793 Est. Cost $13.33 Unrealized —

DPZ DOMINOS PIZZA INC 0.0%

Value $78,000 Shares 4,000 Est. Cost — Unrealized —

— TIFFANY & CO NEW 0.0%

Value $56,000 Shares 2,500 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value $52,000 Shares 17,100 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.0%

Value $47,000 Shares 18,600 Est. Cost — Unrealized —

LND BRASILAGRO BRAZILIAN AGRIC R 0.0%

Value $43,000 Shares 11,325 Est. Cost $3.45 Unrealized —

AAPL APPLE INC 0.0%

Value $26,000 Shares 5,100 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.0%

Value $17,000 Shares 4,200 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value $15,000 Shares 1,600 Est. Cost — Unrealized —

SLV ISHARES SILVER TRUST 0.0%

Value $15,000 Shares 135,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	9,460,590	$112M	19.5%	$12.72	-7.8%	COM	13321L108
RRC	RANGE RES CORP	8,975,210	$101M	17.6%	$14.08	-23.0%	COM	75281A109
KT	KT CORP	6,666,321	$82.93M	14.5%	$13.62	—	SPONSORED ADR	48268K101
—	TURQUOISE HILL RES LTD	48,617,821	$80.71M	14.1%	$2.18	—	COM	900435108
WPM	Wheaton Precious Metals Corp	2,997,468	$71.4M	12.5%	$18.38	+6.6%	COM	962879102
NGD	NEW GOLD INC CDA	37,855,424	$32.59M	5.7%	$2.31	-57.5%	COM	644535106
—	GENERAL ELECTRIC CO	2,089,691	$20.88M	3.6%	$7.57	—	COM	369604103
—	TSAKOS ENERGY NAVIGATION LTD	6,358,172	$19.71M	3.4%	$5.08	—	SHS	G9108L108
DSX	DIANA SHIPPING INC	6,644,968	$18.74M	3.3%	$2.42	-27.6%	COM	Y2066G104
NG	NOVAGOLD RES INC	4,441,671	$18.52M	3.2%	$3.85	+2.3%	COM NEW	66987E206
NAK	NORTHERN DYNASTY MINERALS LT	7,872,413	$4.763M	0.8%	$0.94	-16.7%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	7,829,912	$4.162M	0.7%	$0.48	+18.0%	COM	46050R102
RGLD	ROYAL GOLD INC	31,014	$2.82M	0.5%	$48.70	+79.4%	COM	780287108
EEM	ISHARES TR	733,400	$1.283M	0.2%	—	—	Put	464287234
—	CLOUD PEAK ENERGY INC	4,742,078	$498K	0.1%	$3.32	—	COM	18911Q102
AXIA	CENTRAIS ELETRICAS BRASILEIR	35,223	$330K	0.1%	$3.21	—	SPONSORED ADR	15234Q207
KGC	KINROSS GOLD CORP	68,492	$236K	0.0%	$3.15	+5.7%	COM	496902404
SSRM	SSR MNG INC	18,180	$230K	0.0%	$8.74	+51.3%	COM	784730103
ABBV	ABBVIE INC	4,300	$152K	0.0%	—	—	Put	00287Y109
—	GOLDCORP INC NEW	11,793	$135K	0.0%	$13.33	—	COM	380956409
DPZ	DOMINOS PIZZA INC	4,000	$78,000	0.0%	—	—	Put	25754A201
—	TIFFANY & CO NEW	2,500	$56,000	0.0%	—	—	Put	886547108
NKE	NIKE INC	17,100	$52,000	0.0%	—	—	Put	654106103
SBUX	STARBUCKS CORP	18,600	$47,000	0.0%	—	—	Put	855244109
LND	BRASILAGRO BRAZILIAN AGRIC R	11,325	$43,000	0.0%	$3.45	—	SPONSORED ADR	10554B104
AAPL	APPLE INC	5,100	$26,000	0.0%	—	—	Put	037833100
HD	HOME DEPOT INC	4,200	$17,000	0.0%	—	—	Put	437076102
AZO	AUTOZONE INC	1,600	$15,000	0.0%	—	—	Put	053332102
SLV	ISHARES SILVER TRUST	135,600	$15,000	0.0%	—	—	Call	46428Q109