Kopernik Global Investors, LLC Hedge Fund

Location: Tampa, FL

CIK: 0001599814 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 11, 2020

Total Value: $470M (100.0% shares, 0.0% debt)

Holdings (26)

CCJ CAMECO CORP 18.5%

Value $86.91M Shares 11,375,768 Est. Cost $12.25 Unrealized -34.3%

KT KT CORP 13.6%

Value $63.83M Shares 8,203,920 Est. Cost $12.95 Unrealized —

WPM Wheaton Precious Metals Corp 10.3%

Value $48.44M Shares 1,759,650 Est. Cost $18.42 Unrealized +46.5%

— SOUTHWESTERN ENERGY CO 10.0%

Value $46.98M Shares 27,801,608 Est. Cost $2.00 Unrealized —

EFA ISHARES TR 9.0%

Value $42.03M Shares 786,117 Est. Cost $53.46 Unrealized —

— TURQUOISE HILL RES LTD 6.6%

Value $31.19M Shares 81,691,662 Est. Cost $1.66 Unrealized —

RRC RANGE RES CORP 6.1%

Value $28.41M Shares 12,460,634 Est. Cost $12.06 Unrealized -73.6%

NGD NEW GOLD INC CDA 4.7%

Value $21.92M Shares 42,930,043 Est. Cost $2.12 Unrealized -61.8%

— GENERAL ELECTRIC CO 4.5%

Value $21.34M Shares 2,687,477 Est. Cost $7.98 Unrealized —

NG NOVAGOLD RES INC 4.5%

Value $21.23M Shares 2,877,395 Est. Cost $3.87 Unrealized +120.9%

KEP KOREA ELECTRIC PWR 3.5%

Value $16.21M Shares 2,146,533 Est. Cost $11.03 Unrealized —

— TSAKOS ENERGY NAVIGATION LTD 2.6%

Value $11.98M Shares 3,675,911 Est. Cost $5.08 Unrealized —

DSX DIANA SHIPPING INC 1.5%

Value $7.234M Shares 4,887,717 Est. Cost $2.31 Unrealized -39.6%

NAK NORTHERN DYNASTY MINERALS LT 1.5%

Value $6.874M Shares 17,853,724 Est. Cost $0.70 Unrealized -32.8%

EMBJ EMBRAER S.A. 1.2%

Value $5.613M Shares 758,526 Est. Cost $7.40 Unrealized —

THM INTERNATIONAL TOWER HILL MIN 0.6%

Value $2.908M Shares 7,772,775 Est. Cost $0.48 Unrealized +3.3%

RGLD ROYAL GOLD INC 0.6%

Value $2.613M Shares 29,787 Est. Cost $66.09 Unrealized +56.2%

EEM ISHARES TR 0.5%

Value $2.279M Shares 414,400 Est. Cost — Unrealized —

AXIA CENTRAIS ELETRICAS BRASILEIR 0.1%

Value $551K Shares 119,456 Est. Cost $4.74 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.1%

Value $239K Shares 7,000 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value $201K Shares 700 Est. Cost — Unrealized —

SLV ISHARES SILVER TRUST 0.0%

Value $200K Shares 205,800 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.0%

Value $124K Shares 12,300 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value $122K Shares 6,600 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.0%

Value $72,000 Shares 1,500 Est. Cost — Unrealized —

LND BRASILAGRO BRAZILIAN AGRIC R 0.0%

Value $35,000 Shares 11,325 Est. Cost $3.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	11,375,768	$86.91M	18.5%	$12.25	-34.3%	COM	13321L108
KT	KT CORP	8,203,920	$63.83M	13.6%	$12.95	—	SPONSORED ADR	48268K101
WPM	Wheaton Precious Metals Corp	1,759,650	$48.44M	10.3%	$18.42	+46.5%	COM	962879102
—	SOUTHWESTERN ENERGY CO	27,801,608	$46.98M	10.0%	$2.00	—	COM	845467109
EFA	ISHARES TR	786,117	$42.03M	9.0%	$53.46	—	MSCI EAFE ETF	464287465
—	TURQUOISE HILL RES LTD	81,691,662	$31.19M	6.6%	$1.66	—	COM	900435108
RRC	RANGE RES CORP	12,460,634	$28.41M	6.1%	$12.06	-73.6%	COM	75281A109
NGD	NEW GOLD INC CDA	42,930,043	$21.92M	4.7%	$2.12	-61.8%	COM	644535106
—	GENERAL ELECTRIC CO	2,687,477	$21.34M	4.5%	$7.98	—	COM	369604103
NG	NOVAGOLD RES INC	2,877,395	$21.23M	4.5%	$3.87	+120.9%	COM NEW	66987E206
KEP	KOREA ELECTRIC PWR	2,146,533	$16.21M	3.5%	$11.03	—	SPONSORED ADR	500631106
—	TSAKOS ENERGY NAVIGATION LTD	3,675,911	$11.98M	2.6%	$5.08	—	SHS	G9108L108
DSX	DIANA SHIPPING INC	4,887,717	$7.234M	1.5%	$2.31	-39.6%	COM	Y2066G104
NAK	NORTHERN DYNASTY MINERALS LT	17,853,724	$6.874M	1.5%	$0.70	-32.8%	COM NEW	66510M204
EMBJ	EMBRAER S.A.	758,526	$5.613M	1.2%	$7.40	—	SPONSORED ADS	29082A107
THM	INTERNATIONAL TOWER HILL MIN	7,772,775	$2.908M	0.6%	$0.48	+3.3%	COM	46050R102
RGLD	ROYAL GOLD INC	29,787	$2.613M	0.6%	$66.09	+56.2%	COM	780287108
EEM	ISHARES TR	414,400	$2.279M	0.5%	—	—	Put	464287234
AXIA	CENTRAIS ELETRICAS BRASILEIR	119,456	$551K	0.1%	$4.74	—	SPONSORED ADR	15234Q207
QSR	RESTAURANT BRANDS INTL INC	7,000	$239K	0.1%	—	—	Put	76131D103
AZO	AUTOZONE INC	700	$201K	0.0%	—	—	Put	053332102
SLV	ISHARES SILVER TRUST	205,800	$200K	0.0%	—	—	Call	46428Q109
SBUX	STARBUCKS CORP	12,300	$124K	0.0%	—	—	Put	855244109
NKE	NIKE INC	6,600	$122K	0.0%	—	—	Put	654106103
HD	HOME DEPOT INC	1,500	$72,000	0.0%	—	—	Put	437076102
LND	BRASILAGRO BRAZILIAN AGRIC R	11,325	$35,000	0.0%	$3.45	—	SPONSORED ADR	10554B104