Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 11, 2022

Total Value ($000): $1,048,763 (98.9% shares, 1.1% debt)

Holdings (32)

— TURQUOISE HILL RES LTD 20.1%

Value ($000) $211,069 Shares 12,830,951 Est. Cost $13.71 Unrealized —

CCJ CAMECO CORP 18.7%

Value ($000) $195,863 Shares 8,980,435 Est. Cost $12.04 Unrealized +98.6%

KT KT CORP 10.4%

Value ($000) $108,802 Shares 8,655,695 Est. Cost $12.87 Unrealized —

— SOUTHWESTERN ENERGY CO 8.5%

Value ($000) $89,449 Shares 19,195,000 Est. Cost $2.57 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 6.9%

Value ($000) $72,554 Shares 1,690,043 Est. Cost $31.06 Unrealized +26.7%

RRC RANGE RES CORP 6.6%

Value ($000) $69,022 Shares 3,871,114 Est. Cost $12.97 Unrealized +66.2%

RGLD ROYAL GOLD INC 5.6%

Value ($000) $59,133 Shares 562,044 Est. Cost $104.28 Unrealized -3.3%

SA SEABRIDGE GOLD INC 4.5%

Value ($000) $47,103 Shares 2,856,451 Est. Cost $18.70 Unrealized -4.4%

SII SPROTT INC 4.0%

Value ($000) $41,862 Shares 926,392 Est. Cost $31.62 Unrealized +21.3%

HMY HARMONY GOLD MINING CO LTD 3.1%

Value ($000) $32,221 Shares 7,839,649 Est. Cost $3.45 Unrealized —

NG NOVAGOLD RES INC 2.8%

Value ($000) $29,861 Shares 4,352,970 Est. Cost $6.67 Unrealized +9.4%

IAG IAMGOLD CORP 2.3%

Value ($000) $24,241 Shares 7,744,820 Est. Cost $3.13 Unrealized -6.1%

KEP KOREA ELEC PWR CORP 1.5%

Value ($000) $15,275 Shares 1,671,177 Est. Cost $10.88 Unrealized —

— PLATINUM GROUP METALS LTD 1.1%

Value ($000) $11,370 Shares 11,990,000 Est. Cost $0.95 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 1.0%

Value ($000) $10,392 Shares 31,856,624 Est. Cost $0.81 Unrealized -50.5%

THM INTERNATIONAL TOWER HILL MIN 1.0%

Value ($000) $10,283 Shares 13,996,753 Est. Cost $0.82 Unrealized -5.6%

TEN TSAKOS ENERGY NAVIGATION LTD 0.8%

Value ($000) $7,985 Shares 1,102,833 Est. Cost $8.82 Unrealized -4.1%

— VEON LTD 0.5%

Value ($000) $5,025 Shares 2,938,678 Est. Cost $1.81 Unrealized —

AER AERCAP HOLDINGS NV 0.3%

Value ($000) $3,463 Shares 52,941 Est. Cost $50.90 Unrealized +19.7%

NGD NEW GOLD INC CDA 0.1%

Value ($000) $1,405 Shares 936,991 Est. Cost $2.07 Unrealized -30.3%

VGZ VISTA GOLD CORP 0.1%

Value ($000) $980 Shares 1,381,650 Est. Cost $0.76 Unrealized -4.2%

TSLA TESLA INC 0.0%

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

LULU LULULEMON ATHLETICA INC 0.0%

Value ($000) $243 Shares 2,900 Est. Cost — Unrealized —

NFLX NETFLIX INC 0.0%

Value ($000) $210 Shares 2,600 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

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

PFE PFIZER INC 0.0%

Value ($000) $122 Shares 36,500 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $119 Shares 700 Est. Cost — Unrealized —

— CREDIT SUISSE GROUP 0.0%

Value ($000) $112 Shares 11,604 Est. Cost $9.65 Unrealized —

ZTS ZOETIS INC 0.0%

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

PAYX PAYCHEX INC 0.0%

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

DPZ DOMINOS PIZZA INC 0.0%

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

AZO AUTOZONE INC 0.0%

Value ($000) $4 Shares 900 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TURQUOISE HILL RES LTD	12,830,951	$211,069	20.1%	$13.71	—	COM	900435207
CCJ	CAMECO CORP	8,980,435	$195,863	18.7%	$12.04	+98.6%	COM	13321L108
KT	KT CORP	8,655,695	$108,802	10.4%	$12.87	—	SPONSORED ADR	48268K101
—	SOUTHWESTERN ENERGY CO	19,195,000	$89,449	8.5%	$2.57	—	COM	845467109
WPM	WHEATON PRECIOUS METALS CORP	1,690,043	$72,554	6.9%	$31.06	+26.7%	COM	962879102
RRC	RANGE RES CORP	3,871,114	$69,022	6.6%	$12.97	+66.2%	COM	75281A109
RGLD	ROYAL GOLD INC	562,044	$59,133	5.6%	$104.28	-3.3%	COM	780287108
SA	SEABRIDGE GOLD INC	2,856,451	$47,103	4.5%	$18.70	-4.4%	COM	811916105
SII	SPROTT INC	926,392	$41,862	4.0%	$31.62	+21.3%	COM NEW	852066208
HMY	HARMONY GOLD MINING CO LTD	7,839,649	$32,221	3.1%	$3.45	—	SPONSORED ADR	413216300
NG	NOVAGOLD RES INC	4,352,970	$29,861	2.8%	$6.67	+9.4%	COM NEW	66987E206
IAG	IAMGOLD CORP	7,744,820	$24,241	2.3%	$3.13	-6.1%	COM	450913108
KEP	KOREA ELEC PWR CORP	1,671,177	$15,275	1.5%	$10.88	—	SPONSORED ADR	500631106
—	PLATINUM GROUP METALS LTD	11,990,000	$11,370	1.1%	$0.95	—	NOTE 6.875% 7/0	72765QAC0
NAK	NORTHERN DYNASTY MINERALS LT	31,856,624	$10,392	1.0%	$0.81	-50.5%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	13,996,753	$10,283	1.0%	$0.82	-5.6%	COM	46050R102
TEN	TSAKOS ENERGY NAVIGATION LTD	1,102,833	$7,985	0.8%	$8.82	-4.1%	SHS	G9108L173
—	VEON LTD	2,938,678	$5,025	0.5%	$1.81	—	SPONSORED ADR	91822M106
AER	AERCAP HOLDINGS NV	52,941	$3,463	0.3%	$50.90	+19.7%	SHS	N00985106
NGD	NEW GOLD INC CDA	936,991	$1,405	0.1%	$2.07	-30.3%	COM	644535106
VGZ	VISTA GOLD CORP	1,381,650	$980	0.1%	$0.76	-4.2%	COM NEW	927926303
TSLA	TESLA INC	2,000	$253	0.0%	—	—	Put	88160R101
LULU	LULULEMON ATHLETICA INC	2,900	$243	0.0%	—	—	Put	550021109
NFLX	NETFLIX INC	2,600	$210	0.0%	—	—	Put	64110L106
NKE	NIKE INC	11,000	$136	0.0%	—	—	Put	654106103
PFE	PFIZER INC	36,500	$122	0.0%	—	—	Put	717081103
CMG	CHIPOTLE MEXICAN GRILL INC	700	$119	0.0%	—	—	Put	169656105
—	CREDIT SUISSE GROUP	11,604	$112	0.0%	$9.65	—	SPONSORED ADR	225401108
ZTS	ZOETIS INC	7,600	$90	0.0%	—	—	Put	98978V103
PAYX	PAYCHEX INC	8,900	$82	0.0%	—	—	Put	704326107
DPZ	DOMINOS PIZZA INC	2,400	$34	0.0%	—	—	Put	25754A201
AZO	AUTOZONE INC	900	$4	0.0%	—	—	Put	053332102