Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 15, 2019

Total Value ($000): $572,855 (100.0% shares, 0.0% debt)

Holdings (29)

CCJ CAMECO CORP 19.5%

Value ($000) $111,540 Shares 9,460,590 Est. Cost $12.72 Unrealized -7.8%

RRC RANGE RES CORP 17.6%

Value ($000) $100,881 Shares 8,975,210 Est. Cost $14.08 Unrealized -23.0%

KT KT CORP 14.5%

Value ($000) $82,929 Shares 6,666,321 Est. Cost $13.62 Unrealized —

— TURQUOISE HILL RES LTD 14.1%

Value ($000) $80,706 Shares 48,617,821 Est. Cost $2.18 Unrealized —

WPM Wheaton Precious Metals Corp 12.5%

Value ($000) $71,400 Shares 2,997,468 Est. Cost $18.38 Unrealized +6.6%

NGD NEW GOLD INC CDA 5.7%

Value ($000) $32,594 Shares 37,855,424 Est. Cost $2.31 Unrealized -57.5%

— GENERAL ELECTRIC CO 3.6%

Value ($000) $20,876 Shares 2,089,691 Est. Cost $7.57 Unrealized —

— TSAKOS ENERGY NAVIGATION LTD 3.4%

Value ($000) $19,710 Shares 6,358,172 Est. Cost $5.08 Unrealized —

DSX DIANA SHIPPING INC 3.3%

Value ($000) $18,739 Shares 6,644,968 Est. Cost $2.42 Unrealized -27.6%

NG NOVAGOLD RES INC 3.2%

Value ($000) $18,522 Shares 4,441,671 Est. Cost $3.85 Unrealized +2.3%

NAK NORTHERN DYNASTY MINERALS LT 0.8%

Value ($000) $4,763 Shares 7,872,413 Est. Cost $0.94 Unrealized -16.7%

THM INTERNATIONAL TOWER HILL MIN 0.7%

Value ($000) $4,162 Shares 7,829,912 Est. Cost $0.48 Unrealized +18.0%

RGLD ROYAL GOLD INC 0.5%

Value ($000) $2,820 Shares 31,014 Est. Cost $48.70 Unrealized +79.4%

EEM ISHARES TR 0.2%

Value ($000) $1,283 Shares 733,400 Est. Cost — Unrealized —

— CLOUD PEAK ENERGY INC 0.1%

Value ($000) $498 Shares 4,742,078 Est. Cost $3.32 Unrealized —

AXIA CENTRAIS ELETRICAS BRASILEIR 0.1%

Value ($000) $330 Shares 35,223 Est. Cost $3.21 Unrealized —

KGC KINROSS GOLD CORP 0.0%

Value ($000) $236 Shares 68,492 Est. Cost $3.15 Unrealized +5.7%

SSRM SSR MNG INC 0.0%

Value ($000) $230 Shares 18,180 Est. Cost $8.74 Unrealized +51.3%

ABBV ABBVIE INC 0.0%

Value ($000) $152 Shares 4,300 Est. Cost — Unrealized —

— GOLDCORP INC NEW 0.0%

Value ($000) $135 Shares 11,793 Est. Cost $13.33 Unrealized —

DPZ DOMINOS PIZZA INC 0.0%

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

— TIFFANY & CO NEW 0.0%

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

NKE NIKE INC 0.0%

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

SBUX STARBUCKS CORP 0.0%

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

LND BRASILAGRO BRAZILIAN AGRIC R 0.0%

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

AAPL APPLE INC 0.0%

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

HD HOME DEPOT INC 0.0%

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

AZO AUTOZONE INC 0.0%

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

SLV ISHARES SILVER TRUST 0.0%

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

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	9,460,590	$111,540	19.5%	$12.72	-7.8%	COM	13321L108
RRC	RANGE RES CORP	8,975,210	$100,881	17.6%	$14.08	-23.0%	COM	75281A109
KT	KT CORP	6,666,321	$82,929	14.5%	$13.62	—	SPONSORED ADR	48268K101
—	TURQUOISE HILL RES LTD	48,617,821	$80,706	14.1%	$2.18	—	COM	900435108
WPM	Wheaton Precious Metals Corp	2,997,468	$71,400	12.5%	$18.38	+6.6%	COM	962879102
NGD	NEW GOLD INC CDA	37,855,424	$32,594	5.7%	$2.31	-57.5%	COM	644535106
—	GENERAL ELECTRIC CO	2,089,691	$20,876	3.6%	$7.57	—	COM	369604103
—	TSAKOS ENERGY NAVIGATION LTD	6,358,172	$19,710	3.4%	$5.08	—	SHS	G9108L108
DSX	DIANA SHIPPING INC	6,644,968	$18,739	3.3%	$2.42	-27.6%	COM	Y2066G104
NG	NOVAGOLD RES INC	4,441,671	$18,522	3.2%	$3.85	+2.3%	COM NEW	66987E206
NAK	NORTHERN DYNASTY MINERALS LT	7,872,413	$4,763	0.8%	$0.94	-16.7%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	7,829,912	$4,162	0.7%	$0.48	+18.0%	COM	46050R102
RGLD	ROYAL GOLD INC	31,014	$2,820	0.5%	$48.70	+79.4%	COM	780287108
EEM	ISHARES TR	733,400	$1,283	0.2%	—	—	Put	464287234
—	CLOUD PEAK ENERGY INC	4,742,078	$498	0.1%	$3.32	—	COM	18911Q102
AXIA	CENTRAIS ELETRICAS BRASILEIR	35,223	$330	0.1%	$3.21	—	SPONSORED ADR	15234Q207
KGC	KINROSS GOLD CORP	68,492	$236	0.0%	$3.15	+5.7%	COM	496902404
SSRM	SSR MNG INC	18,180	$230	0.0%	$8.74	+51.3%	COM	784730103
ABBV	ABBVIE INC	4,300	$152	0.0%	—	—	Put	00287Y109
—	GOLDCORP INC NEW	11,793	$135	0.0%	$13.33	—	COM	380956409
DPZ	DOMINOS PIZZA INC	4,000	$78	0.0%	—	—	Put	25754A201
—	TIFFANY & CO NEW	2,500	$56	0.0%	—	—	Put	886547108
NKE	NIKE INC	17,100	$52	0.0%	—	—	Put	654106103
SBUX	STARBUCKS CORP	18,600	$47	0.0%	—	—	Put	855244109
LND	BRASILAGRO BRAZILIAN AGRIC R	11,325	$43	0.0%	$3.45	—	SPONSORED ADR	10554B104
AAPL	APPLE INC	5,100	$26	0.0%	—	—	Put	037833100
HD	HOME DEPOT INC	4,200	$17	0.0%	—	—	Put	437076102
AZO	AUTOZONE INC	1,600	$15	0.0%	—	—	Put	053332102
SLV	ISHARES SILVER TRUST	135,600	$15	0.0%	—	—	Call	46428Q109