Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 10, 2020

Total Value ($000): $557,565 (100.0% shares, 0.0% debt)

Holdings (26)

CCJ CAMECO CORP 18.3%

Value ($000) $102,228 Shares 11,486,276 Est. Cost $12.25 Unrealized -26.2%

KT KT CORP 15.8%

Value ($000) $88,240 Shares 7,606,876 Est. Cost $13.35 Unrealized —

— TURQUOISE HILL RES LTD 10.6%

Value ($000) $59,067 Shares 80,232,805 Est. Cost $1.68 Unrealized —

RRC RANGE RES CORP 10.3%

Value ($000) $57,458 Shares 11,846,959 Est. Cost $12.52 Unrealized -67.8%

WPM Wheaton Precious Metals Corp 10.0%

Value ($000) $55,900 Shares 1,878,996 Est. Cost $18.42 Unrealized +38.4%

— SOUTHWESTERN ENERGY CO 8.6%

Value ($000) $48,141 Shares 19,892,782 Est. Cost $2.13 Unrealized —

NGD NEW GOLD INC CDA 6.9%

Value ($000) $38,392 Shares 43,627,115 Est. Cost $2.12 Unrealized -57.3%

NG NOVAGOLD RES INC 5.9%

Value ($000) $32,671 Shares 3,646,271 Est. Cost $3.87 Unrealized +78.8%

KEP KOREA ELECTRIC PWR 4.5%

Value ($000) $24,969 Shares 2,110,691 Est. Cost $11.09 Unrealized —

— TSAKOS ENERGY NAVIGATION LTD 3.3%

Value ($000) $18,258 Shares 4,187,698 Est. Cost $5.08 Unrealized —

DSX DIANA SHIPPING INC 2.5%

Value ($000) $13,688 Shares 4,401,127 Est. Cost $2.41 Unrealized -15.7%

NAK NORTHERN DYNASTY MINERALS LT 1.4%

Value ($000) $7,839 Shares 18,314,510 Est. Cost $0.70 Unrealized -25.3%

THM INTERNATIONAL TOWER HILL MIN 0.8%

Value ($000) $4,204 Shares 7,787,871 Est. Cost $0.48 Unrealized +11.6%

RGLD ROYAL GOLD INC 0.6%

Value ($000) $3,212 Shares 26,278 Est. Cost $61.13 Unrealized +93.5%

— GENERAL ELECTRIC CO 0.4%

Value ($000) $2,229 Shares 199,764 Est. Cost $8.51 Unrealized —

AXIA CENTRAIS ELETRICAS BRASILEIR 0.1%

Value ($000) $320 Shares 34,378 Est. Cost $5.05 Unrealized —

EEM ISHARES TR 0.1%

Value ($000) $315 Shares 850,500 Est. Cost — Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.0%

Value ($000) $114 Shares 8,600 Est. Cost — Unrealized —

KGC KINROSS GOLD CORP 0.0%

Value ($000) $82 Shares 17,218 Est. Cost $3.15 Unrealized +43.1%

NKE NIKE INC 0.0%

Value ($000) $61 Shares 7,900 Est. Cost — Unrealized —

LND BRASILAGRO BRAZILIAN AGRIC R 0.0%

Value ($000) $54 Shares 11,325 Est. Cost $3.45 Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $48 Shares 700 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.0%

Value ($000) $40 Shares 21,600 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.0%

Value ($000) $33 Shares 5,700 Est. Cost — Unrealized —

SLV ISHARES SILVER TRUST 0.0%

Value ($000) $1 Shares 92,600 Est. Cost — Unrealized —

— TIFFANY & CO NEW 0.0%

Value ($000) $1 Shares 2,500 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	11,486,276	$102,228	18.3%	$12.25	-26.2%	COM	13321L108
KT	KT CORP	7,606,876	$88,240	15.8%	$13.35	—	SPONSORED ADR	48268K101
—	TURQUOISE HILL RES LTD	80,232,805	$59,067	10.6%	$1.68	—	COM	900435108
RRC	RANGE RES CORP	11,846,959	$57,458	10.3%	$12.52	-67.8%	COM	75281A109
WPM	Wheaton Precious Metals Corp	1,878,996	$55,900	10.0%	$18.42	+38.4%	COM	962879102
—	SOUTHWESTERN ENERGY CO	19,892,782	$48,141	8.6%	$2.13	—	COM	845467109
NGD	NEW GOLD INC CDA	43,627,115	$38,392	6.9%	$2.12	-57.3%	COM	644535106
NG	NOVAGOLD RES INC	3,646,271	$32,671	5.9%	$3.87	+78.8%	COM NEW	66987E206
KEP	KOREA ELECTRIC PWR	2,110,691	$24,969	4.5%	$11.09	—	SPONSORED ADR	500631106
—	TSAKOS ENERGY NAVIGATION LTD	4,187,698	$18,258	3.3%	$5.08	—	SHS	G9108L108
DSX	DIANA SHIPPING INC	4,401,127	$13,688	2.5%	$2.41	-15.7%	COM	Y2066G104
NAK	NORTHERN DYNASTY MINERALS LT	18,314,510	$7,839	1.4%	$0.70	-25.3%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	7,787,871	$4,204	0.8%	$0.48	+11.6%	COM	46050R102
RGLD	ROYAL GOLD INC	26,278	$3,212	0.6%	$61.13	+93.5%	COM	780287108
—	GENERAL ELECTRIC CO	199,764	$2,229	0.4%	$8.51	—	COM	369604103
AXIA	CENTRAIS ELETRICAS BRASILEIR	34,378	$320	0.1%	$5.05	—	SPONSORED ADR	15234Q207
EEM	ISHARES TR	850,500	$315	0.1%	—	—	Put	464287234
QSR	RESTAURANT BRANDS INTL INC	8,600	$114	0.0%	—	—	Put	76131D103
KGC	KINROSS GOLD CORP	17,218	$82	0.0%	$3.15	+43.1%	COM	496902404
NKE	NIKE INC	7,900	$61	0.0%	—	—	Put	654106103
LND	BRASILAGRO BRAZILIAN AGRIC R	11,325	$54	0.0%	$3.45	—	SPONSORED ADR	10554B104
AZO	AUTOZONE INC	700	$48	0.0%	—	—	Put	053332102
SBUX	STARBUCKS CORP	21,600	$40	0.0%	—	—	Put	855244109
HD	HOME DEPOT INC	5,700	$33	0.0%	—	—	Put	437076102
SLV	ISHARES SILVER TRUST	92,600	$1	0.0%	—	—	Call	46428Q109
—	TIFFANY & CO NEW	2,500	$1	0.0%	—	—	Put	886547108