Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Nov 14, 2019

Total Value ($000): $525,889 (100.0% shares, 0.0% debt)

Holdings (28)

CCJ CAMECO CORP 20.8%

Value ($000) $109,277 Shares 11,502,876 Est. Cost $12.25 Unrealized -25.2%

KT KT CORP 16.7%

Value ($000) $87,715 Shares 7,755,491 Est. Cost $13.35 Unrealized —

WPM Wheaton Precious Metals Corp 10.3%

Value ($000) $54,322 Shares 2,070,182 Est. Cost $18.42 Unrealized +35.9%

RRC RANGE RES CORP 8.6%

Value ($000) $45,479 Shares 11,905,620 Est. Cost $12.52 Unrealized -61.7%

NGD NEW GOLD INC CDA 7.5%

Value ($000) $39,535 Shares 39,143,458 Est. Cost $2.26 Unrealized -46.2%

— GENERAL ELECTRIC CO 6.8%

Value ($000) $35,883 Shares 4,013,747 Est. Cost $8.51 Unrealized —

— TURQUOISE HILL RES LTD 6.1%

Value ($000) $32,255 Shares 67,876,654 Est. Cost $1.86 Unrealized —

NG NOVAGOLD RES INC 5.3%

Value ($000) $27,837 Shares 4,585,922 Est. Cost $3.87 Unrealized +69.4%

KEP KOREA ELECTRIC PWR 4.6%

Value ($000) $24,166 Shares 2,229,367 Est. Cost $11.09 Unrealized —

— SOUTHWESTERN ENERGY CO 4.4%

Value ($000) $23,087 Shares 11,962,172 Est. Cost $1.93 Unrealized —

DSX DIANA SHIPPING INC 3.2%

Value ($000) $16,850 Shares 4,985,090 Est. Cost $2.41 Unrealized -16.9%

— TSAKOS ENERGY NAVIGATION LTD 3.1%

Value ($000) $16,474 Shares 5,584,243 Est. Cost $5.08 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 1.0%

Value ($000) $5,136 Shares 8,742,118 Est. Cost $0.90 Unrealized -28.2%

THM INTERNATIONAL TOWER HILL MIN 0.8%

Value ($000) $4,072 Shares 7,829,912 Est. Cost $0.48 Unrealized +23.3%

RGLD ROYAL GOLD INC 0.5%

Value ($000) $2,659 Shares 21,584 Est. Cost $48.70 Unrealized +150.1%

EEM ISHARES TR 0.1%

Value ($000) $295 Shares 819,500 Est. Cost — Unrealized —

AXIA CENTRAIS ELETRICAS BRASILEIR 0.0%

Value ($000) $251 Shares 26,178 Est. Cost $3.72 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.0%

Value ($000) $118 Shares 13,000 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $88 Shares 700 Est. Cost — Unrealized —

KGC KINROSS GOLD CORP 0.0%

Value ($000) $79 Shares 17,218 Est. Cost $3.15 Unrealized +47.2%

— TIFFANY & CO NEW 0.0%

Value ($000) $76 Shares 2,500 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.0%

Value ($000) $53 Shares 21,600 Est. Cost — Unrealized —

LND BRASILAGRO BRAZILIAN AGRIC R 0.0%

Value ($000) $47 Shares 11,325 Est. Cost $3.45 Unrealized —

DPZ DOMINOS PIZZA INC 0.0%

Value ($000) $43 Shares 2,500 Est. Cost — Unrealized —

AAPL APPLE INC 0.0%

Value ($000) $39 Shares 7,800 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.0%

Value ($000) $31 Shares 5,700 Est. Cost — Unrealized —

SLV ISHARES SILVER TRUST 0.0%

Value ($000) $13 Shares 92,600 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value ($000) $9 Shares 17,100 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	11,502,876	$109,277	20.8%	$12.25	-25.2%	COM	13321L108
KT	KT CORP	7,755,491	$87,715	16.7%	$13.35	—	SPONSORED ADR	48268K101
WPM	Wheaton Precious Metals Corp	2,070,182	$54,322	10.3%	$18.42	+35.9%	COM	962879102
RRC	RANGE RES CORP	11,905,620	$45,479	8.6%	$12.52	-61.7%	COM	75281A109
NGD	NEW GOLD INC CDA	39,143,458	$39,535	7.5%	$2.26	-46.2%	COM	644535106
—	GENERAL ELECTRIC CO	4,013,747	$35,883	6.8%	$8.51	—	COM	369604103
—	TURQUOISE HILL RES LTD	67,876,654	$32,255	6.1%	$1.86	—	COM	900435108
NG	NOVAGOLD RES INC	4,585,922	$27,837	5.3%	$3.87	+69.4%	COM NEW	66987E206
KEP	KOREA ELECTRIC PWR	2,229,367	$24,166	4.6%	$11.09	—	SPONSORED ADR	500631106
—	SOUTHWESTERN ENERGY CO	11,962,172	$23,087	4.4%	$1.93	—	COM	845467109
DSX	DIANA SHIPPING INC	4,985,090	$16,850	3.2%	$2.41	-16.9%	COM	Y2066G104
—	TSAKOS ENERGY NAVIGATION LTD	5,584,243	$16,474	3.1%	$5.08	—	SHS	G9108L108
NAK	NORTHERN DYNASTY MINERALS LT	8,742,118	$5,136	1.0%	$0.90	-28.2%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	7,829,912	$4,072	0.8%	$0.48	+23.3%	COM	46050R102
RGLD	ROYAL GOLD INC	21,584	$2,659	0.5%	$48.70	+150.1%	COM	780287108
EEM	ISHARES TR	819,500	$295	0.1%	—	—	Put	464287234
AXIA	CENTRAIS ELETRICAS BRASILEIR	26,178	$251	0.0%	$3.72	—	SPONSORED ADR	15234Q207
QSR	RESTAURANT BRANDS INTL INC	13,000	$118	0.0%	—	—	Put	76131D103
AZO	AUTOZONE INC	700	$88	0.0%	—	—	Put	053332102
KGC	KINROSS GOLD CORP	17,218	$79	0.0%	$3.15	+47.2%	COM	496902404
—	TIFFANY & CO NEW	2,500	$76	0.0%	—	—	Put	886547108
SBUX	STARBUCKS CORP	21,600	$53	0.0%	—	—	Put	855244109
LND	BRASILAGRO BRAZILIAN AGRIC R	11,325	$47	0.0%	$3.45	—	SPONSORED ADR	10554B104
DPZ	DOMINOS PIZZA INC	2,500	$43	0.0%	—	—	Put	25754A201
AAPL	APPLE INC	7,800	$39	0.0%	—	—	Put	037833100
HD	HOME DEPOT INC	5,700	$31	0.0%	—	—	Put	437076102
SLV	ISHARES SILVER TRUST	92,600	$13	0.0%	—	—	Call	46428Q109
NKE	NIKE INC	17,100	$9	0.0%	—	—	Put	654106103