Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 10, 2021

Total Value ($000): $724,502 (100.0% shares, 0.0% debt)

Holdings (25)

CCJ CAMECO CORP 20.4%

Value ($000) $147,622 Shares 11,016,574 Est. Cost $12.04 Unrealized -12.7%

— TURQUOISE HILL RES LTD 14.0%

Value ($000) $101,629 Shares 8,182,674 Est. Cost $12.42 Unrealized —

— SOUTHWESTERN ENERGY CO 10.0%

Value ($000) $72,089 Shares 24,190,911 Est. Cost $2.12 Unrealized —

RRC RANGE RES CORP 8.5%

Value ($000) $61,918 Shares 9,241,455 Est. Cost $12.06 Unrealized -39.1%

KT KT CORP 8.2%

Value ($000) $59,276 Shares 5,383,811 Est. Cost $12.89 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 6.7%

Value ($000) $48,435 Shares 1,160,395 Est. Cost $26.64 Unrealized +58.1%

SII SPROTT INC 5.6%

Value ($000) $40,296 Shares 1,387,807 Est. Cost $31.54 Unrealized -13.4%

SA SEABRIDGE GOLD INC 4.5%

Value ($000) $32,880 Shares 1,560,509 Est. Cost $19.25 Unrealized +0.6%

NGD NEW GOLD INC CDA 3.6%

Value ($000) $25,922 Shares 11,836,429 Est. Cost $2.12 Unrealized -4.0%

NG NOVAGOLD RES INC 3.4%

Value ($000) $24,379 Shares 2,521,051 Est. Cost $4.57 Unrealized +131.1%

KEP KOREA ELECTRIC PWR 2.5%

Value ($000) $18,472 Shares 1,505,491 Est. Cost $10.98 Unrealized —

RGLD ROYAL GOLD INC 2.5%

Value ($000) $17,958 Shares 168,841 Est. Cost $108.84 Unrealized +6.1%

EMBJ EMBRAER S.A. 2.1%

Value ($000) $14,891 Shares 2,186,666 Est. Cost $6.72 Unrealized —

DSX DIANA SHIPPING INC 1.7%

Value ($000) $12,221 Shares 6,331,923 Est. Cost $1.96 Unrealized -51.6%

THM INTERNATIONAL TOWER HILL MIN 1.4%

Value ($000) $10,391 Shares 7,529,511 Est. Cost $0.58 Unrealized +149.8%

BEN FRANKLIN RESOURCES INC 1.3%

Value ($000) $9,275 Shares 371,162 Est. Cost $15.19 Unrealized +14.2%

TEN TSAKOS ENERGY NAVIGATION LTD 1.2%

Value ($000) $8,857 Shares 1,103,036 Est. Cost $8.78 Unrealized -4.4%

NAK NORTHERN DYNASTY MINERALS LT 1.2%

Value ($000) $8,398 Shares 26,079,606 Est. Cost $0.89 Unrealized -18.2%

IAG IAMGOLD CORP 1.0%

Value ($000) $7,188 Shares 1,958,592 Est. Cost $3.67 Unrealized 0.0%

AER AERCAP HOLDINGS NV 0.2%

Value ($000) $1,807 Shares 39,642 Est. Cost $28.53 Unrealized +20.4%

SLV ISHARES SILVER TR 0.1%

Value ($000) $461 Shares 329,300 Est. Cost — Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.0%

Value ($000) $81 Shares 7,000 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value ($000) $53 Shares 6,400 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $3 Shares 700 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.0%

Value ($000) $0 Shares 3,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	11,016,574	$147,622	20.4%	$12.04	-12.7%	COM	13321L108
—	TURQUOISE HILL RES LTD	8,182,674	$101,629	14.0%	$12.42	—	COM	900435207
—	SOUTHWESTERN ENERGY CO	24,190,911	$72,089	10.0%	$2.12	—	COM	845467109
RRC	RANGE RES CORP	9,241,455	$61,918	8.5%	$12.06	-39.1%	COM	75281A109
KT	KT CORP	5,383,811	$59,276	8.2%	$12.89	—	SPONSORED ADR	48268K101
WPM	WHEATON PRECIOUS METALS CORP	1,160,395	$48,435	6.7%	$26.64	+58.1%	COM	962879102
SII	SPROTT INC	1,387,807	$40,296	5.6%	$31.54	-13.4%	COM NEW	852066208
SA	SEABRIDGE GOLD INC	1,560,509	$32,880	4.5%	$19.25	+0.6%	COM	811916105
NGD	NEW GOLD INC CDA	11,836,429	$25,922	3.6%	$2.12	-4.0%	COM	644535106
NG	NOVAGOLD RES INC	2,521,051	$24,379	3.4%	$4.57	+131.1%	COM NEW	66987E206
KEP	KOREA ELECTRIC PWR	1,505,491	$18,472	2.5%	$10.98	—	SPONSORED ADR	500631106
RGLD	ROYAL GOLD INC	168,841	$17,958	2.5%	$108.84	+6.1%	COM	780287108
EMBJ	EMBRAER S.A.	2,186,666	$14,891	2.1%	$6.72	—	SPONSORED ADS	29082A107
DSX	DIANA SHIPPING INC	6,331,923	$12,221	1.7%	$1.96	-51.6%	COM	Y2066G104
THM	INTERNATIONAL TOWER HILL MIN	7,529,511	$10,391	1.4%	$0.58	+149.8%	COM	46050R102
BEN	FRANKLIN RESOURCES INC	371,162	$9,275	1.3%	$15.19	+14.2%	COM	354613101
TEN	TSAKOS ENERGY NAVIGATION LTD	1,103,036	$8,857	1.2%	$8.78	-4.4%	SHS	G9108L173
NAK	NORTHERN DYNASTY MINERALS LT	26,079,606	$8,398	1.2%	$0.89	-18.2%	COM NEW	66510M204
IAG	IAMGOLD CORP	1,958,592	$7,188	1.0%	$3.67	0.0%	COM	450913108
AER	AERCAP HOLDINGS NV	39,642	$1,807	0.2%	$28.53	+20.4%	SHS	N00985106
SLV	ISHARES SILVER TR	329,300	$461	0.1%	—	—	Call	46428Q109
QSR	RESTAURANT BRANDS INTL INC	7,000	$81	0.0%	—	—	Put	76131D103
NKE	NIKE INC	6,400	$53	0.0%	—	—	Put	654106103
AZO	AUTOZONE INC	700	$3	0.0%	—	—	Put	053332102
SBUX	STARBUCKS CORP	3,000	$0	0.0%	—	—	Put	855244109