Kopernik Global Investors, LLC Hedge Fund

Location: Tampa, FL

CIK: 0001599814 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 11, 2022

Total Value: $1.049B (98.9% shares, 1.1% debt)

Holdings (32)

— TURQUOISE HILL RES LTD 20.1%

Value $211M Shares 12,830,951 Est. Cost $13.71 Unrealized —

CCJ CAMECO CORP 18.7%

Value $196M Shares 8,980,435 Est. Cost $12.04 Unrealized +98.6%

KT KT CORP 10.4%

Value $109M Shares 8,655,695 Est. Cost $12.87 Unrealized —

— SOUTHWESTERN ENERGY CO 8.5%

Value $89.45M Shares 19,195,000 Est. Cost $2.57 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 6.9%

Value $72.55M Shares 1,690,043 Est. Cost $31.06 Unrealized +26.7%

RRC RANGE RES CORP 6.6%

Value $69.02M Shares 3,871,114 Est. Cost $12.97 Unrealized +66.2%

RGLD ROYAL GOLD INC 5.6%

Value $59.13M Shares 562,044 Est. Cost $104.28 Unrealized -3.3%

SA SEABRIDGE GOLD INC 4.5%

Value $47.1M Shares 2,856,451 Est. Cost $18.70 Unrealized -4.4%

SII SPROTT INC 4.0%

Value $41.86M Shares 926,392 Est. Cost $31.62 Unrealized +21.3%

HMY HARMONY GOLD MINING CO LTD 3.1%

Value $32.22M Shares 7,839,649 Est. Cost $3.45 Unrealized —

NG NOVAGOLD RES INC 2.8%

Value $29.86M Shares 4,352,970 Est. Cost $6.67 Unrealized +9.4%

IAG IAMGOLD CORP 2.3%

Value $24.24M Shares 7,744,820 Est. Cost $3.13 Unrealized -6.1%

KEP KOREA ELEC PWR CORP 1.5%

Value $15.28M Shares 1,671,177 Est. Cost $10.88 Unrealized —

— PLATINUM GROUP METALS LTD 1.1%

Value $11.37M Shares 11,990,000 Est. Cost $0.95 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 1.0%

Value $10.39M Shares 31,856,624 Est. Cost $0.81 Unrealized -50.5%

THM INTERNATIONAL TOWER HILL MIN 1.0%

Value $10.28M Shares 13,996,753 Est. Cost $0.82 Unrealized -5.6%

TEN TSAKOS ENERGY NAVIGATION LTD 0.8%

Value $7.985M Shares 1,102,833 Est. Cost $8.82 Unrealized -4.1%

— VEON LTD 0.5%

Value $5.025M Shares 2,938,678 Est. Cost $1.81 Unrealized —

AER AERCAP HOLDINGS NV 0.3%

Value $3.463M Shares 52,941 Est. Cost $50.90 Unrealized +19.7%

NGD NEW GOLD INC CDA 0.1%

Value $1.405M Shares 936,991 Est. Cost $2.07 Unrealized -30.3%

VGZ VISTA GOLD CORP 0.1%

Value $980K Shares 1,381,650 Est. Cost $0.76 Unrealized -4.2%

TSLA TESLA INC 0.0%

Value $253K Shares 2,000 Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 0.0%

Value $243K Shares 2,900 Est. Cost — Unrealized —

NFLX NETFLIX INC 0.0%

Value $210K Shares 2,600 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value $136K Shares 11,000 Est. Cost — Unrealized —

PFE PFIZER INC 0.0%

Value $122K Shares 36,500 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value $119K Shares 700 Est. Cost — Unrealized —

— CREDIT SUISSE GROUP 0.0%

Value $112K Shares 11,604 Est. Cost $9.65 Unrealized —

ZTS ZOETIS INC 0.0%

Value $90,000 Shares 7,600 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

Value $82,000 Shares 8,900 Est. Cost — Unrealized —

DPZ DOMINOS PIZZA INC 0.0%

Value $34,000 Shares 2,400 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value $4,000 Shares 900 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TURQUOISE HILL RES LTD	12,830,951	$211M	20.1%	$13.71	—	COM	900435207
CCJ	CAMECO CORP	8,980,435	$196M	18.7%	$12.04	+98.6%	COM	13321L108
KT	KT CORP	8,655,695	$109M	10.4%	$12.87	—	SPONSORED ADR	48268K101
—	SOUTHWESTERN ENERGY CO	19,195,000	$89.45M	8.5%	$2.57	—	COM	845467109
WPM	WHEATON PRECIOUS METALS CORP	1,690,043	$72.55M	6.9%	$31.06	+26.7%	COM	962879102
RRC	RANGE RES CORP	3,871,114	$69.02M	6.6%	$12.97	+66.2%	COM	75281A109
RGLD	ROYAL GOLD INC	562,044	$59.13M	5.6%	$104.28	-3.3%	COM	780287108
SA	SEABRIDGE GOLD INC	2,856,451	$47.1M	4.5%	$18.70	-4.4%	COM	811916105
SII	SPROTT INC	926,392	$41.86M	4.0%	$31.62	+21.3%	COM NEW	852066208
HMY	HARMONY GOLD MINING CO LTD	7,839,649	$32.22M	3.1%	$3.45	—	SPONSORED ADR	413216300
NG	NOVAGOLD RES INC	4,352,970	$29.86M	2.8%	$6.67	+9.4%	COM NEW	66987E206
IAG	IAMGOLD CORP	7,744,820	$24.24M	2.3%	$3.13	-6.1%	COM	450913108
KEP	KOREA ELEC PWR CORP	1,671,177	$15.28M	1.5%	$10.88	—	SPONSORED ADR	500631106
—	PLATINUM GROUP METALS LTD	11,990,000	$11.37M	1.1%	$0.95	—	NOTE 6.875% 7/0	72765QAC0
NAK	NORTHERN DYNASTY MINERALS LT	31,856,624	$10.39M	1.0%	$0.81	-50.5%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	13,996,753	$10.28M	1.0%	$0.82	-5.6%	COM	46050R102
TEN	TSAKOS ENERGY NAVIGATION LTD	1,102,833	$7.985M	0.8%	$8.82	-4.1%	SHS	G9108L173
—	VEON LTD	2,938,678	$5.025M	0.5%	$1.81	—	SPONSORED ADR	91822M106
AER	AERCAP HOLDINGS NV	52,941	$3.463M	0.3%	$50.90	+19.7%	SHS	N00985106
NGD	NEW GOLD INC CDA	936,991	$1.405M	0.1%	$2.07	-30.3%	COM	644535106
VGZ	VISTA GOLD CORP	1,381,650	$980K	0.1%	$0.76	-4.2%	COM NEW	927926303
TSLA	TESLA INC	2,000	$253K	0.0%	—	—	Put	88160R101
LULU	LULULEMON ATHLETICA INC	2,900	$243K	0.0%	—	—	Put	550021109
NFLX	NETFLIX INC	2,600	$210K	0.0%	—	—	Put	64110L106
NKE	NIKE INC	11,000	$136K	0.0%	—	—	Put	654106103
PFE	PFIZER INC	36,500	$122K	0.0%	—	—	Put	717081103
CMG	CHIPOTLE MEXICAN GRILL INC	700	$119K	0.0%	—	—	Put	169656105
—	CREDIT SUISSE GROUP	11,604	$112K	0.0%	$9.65	—	SPONSORED ADR	225401108
ZTS	ZOETIS INC	7,600	$90,000	0.0%	—	—	Put	98978V103
PAYX	PAYCHEX INC	8,900	$82,000	0.0%	—	—	Put	704326107
DPZ	DOMINOS PIZZA INC	2,400	$34,000	0.0%	—	—	Put	25754A201
AZO	AUTOZONE INC	900	$4,000	0.0%	—	—	Put	053332102