Kopernik Global Investors, LLC Hedge Fund

Location: Tampa, FL

CIK: 0001599814 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value: $910M (100.0% shares, 0.0% debt)

Holdings (36)

— TURQUOISE HILL RES LTD 12.6%

Value $115M Shares 3,887,467 Est. Cost $13.71 Unrealized —

KT KT CORP 10.7%

Value $97.7M Shares 7,995,289 Est. Cost $12.87 Unrealized —

— SOUTHWESTERN ENERGY CO 8.8%

Value $80.16M Shares 13,098,562 Est. Cost $3.41 Unrealized —

RRC RANGE RES CORP 8.2%

Value $74.16M Shares 2,935,935 Est. Cost $15.57 Unrealized +94.2%

CCJ CAMECO CORP 7.9%

Value $71.71M Shares 2,704,876 Est. Cost $12.04 Unrealized +110.5%

RGLD ROYAL GOLD INC 7.6%

Value $69.05M Shares 735,963 Est. Cost $103.46 Unrealized -4.3%

HMY HARMONY GOLD MINING CO LTD 6.9%

Value $62.67M Shares 25,789,898 Est. Cost $2.97 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 6.7%

Value $61.17M Shares 1,890,371 Est. Cost $33.32 Unrealized -4.8%

SA SEABRIDGE GOLD INC 4.6%

Value $41.44M Shares 3,491,316 Est. Cost $17.00 Unrealized -25.6%

GDX VANECK ETF TRUST 3.8%

Value $35.01M Shares 1,451,668 Est. Cost $24.12 Unrealized —

NG NOVAGOLD RES INC 3.5%

Value $31.94M Shares 6,809,288 Est. Cost $6.51 Unrealized -28.9%

IAG IAMGOLD CORP 2.8%

Value $25.47M Shares 23,803,241 Est. Cost $2.72 Unrealized -51.0%

SII SPROTT INC 2.3%

Value $20.89M Shares 622,482 Est. Cost $32.81 Unrealized +1.1%

— CREDIT SUISSE GROUP 2.2%

Value $19.96M Shares 5,092,833 Est. Cost $3.93 Unrealized —

AL AIR LEASE CORP 1.5%

Value $14.05M Shares 453,050 Est. Cost $34.71 Unrealized -3.2%

SABR SABRE CORP 1.4%

Value $12.45M Shares 2,416,857 Est. Cost $7.21 Unrealized -7.5%

KEP KOREA ELEC PWR CORP 1.2%

Value $11.29M Shares 1,660,792 Est. Cost $10.79 Unrealized —

PPTA PERPETUA RESOURCES CORP 1.2%

Value $10.61M Shares 5,250,591 Est. Cost $3.59 Unrealized -26.9%

TEN TSAKOS ENERGY NAVIGATION LTD 1.1%

Value $10.38M Shares 679,433 Est. Cost $8.82 Unrealized +58.3%

IE IVANHOE ELECTRIC INC 1.0%

Value $9.176M Shares 1,112,276 Est. Cost $9.13 Unrealized 0.0%

NAK NORTHERN DYNASTY MINERALS LT 0.9%

Value $7.776M Shares 31,856,624 Est. Cost $0.81 Unrealized -64.7%

HY HYSTER YALE MATLS HANDLING I 0.8%

Value $7.465M Shares 347,054 Est. Cost $28.92 Unrealized -3.4%

THM INTERNATIONAL TOWER HILL MIN 0.8%

Value $7.272M Shares 14,047,222 Est. Cost $0.82 Unrealized -35.6%

— VEON LTD 0.6%

Value $5.126M Shares 16,018,241 Est. Cost $0.89 Unrealized —

NGD NEW GOLD INC CDA 0.3%

Value $2.604M Shares 2,959,596 Est. Cost $0.79 Unrealized 0.0%

AER AERCAP HOLDINGS NV 0.2%

Value $2.217M Shares 52,364 Est. Cost $48.30 Unrealized -9.9%

VGZ VISTA GOLD CORP 0.1%

Value $1.189M Shares 2,258,884 Est. Cost $0.70 Unrealized -16.1%

LULU LULULEMON ATHLETICA INC 0.1%

Value $461K Shares 2,900 Est. Cost — Unrealized —

SIL GLOBAL X FDS 0.1%

Value $456K Shares 18,922 Est. Cost $24.10 Unrealized —

ZTS ZOETIS INC 0.0%

Value $292K Shares 4,200 Est. Cost — Unrealized —

PFE PFIZER INC 0.0%

Value $250K Shares 36,500 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value $244K Shares 3,700 Est. Cost — Unrealized —

SLV ISHARES SILVER TR 0.0%

Value $158K Shares 470,300 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

Value $121K Shares 8,900 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value $12,000 Shares 600 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

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

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TURQUOISE HILL RES LTD	3,887,467	$115M	12.6%	$13.71	—	COM	900435207
KT	KT CORP	7,995,289	$97.7M	10.7%	$12.87	—	SPONSORED ADR	48268K101
—	SOUTHWESTERN ENERGY CO	13,098,562	$80.16M	8.8%	$3.41	—	COM	845467109
RRC	RANGE RES CORP	2,935,935	$74.16M	8.2%	$15.57	+94.2%	COM	75281A109
CCJ	CAMECO CORP	2,704,876	$71.71M	7.9%	$12.04	+110.5%	COM	13321L108
RGLD	ROYAL GOLD INC	735,963	$69.05M	7.6%	$103.46	-4.3%	COM	780287108
HMY	HARMONY GOLD MINING CO LTD	25,789,898	$62.67M	6.9%	$2.97	—	SPONSORED ADR	413216300
WPM	WHEATON PRECIOUS METALS CORP	1,890,371	$61.17M	6.7%	$33.32	-4.8%	COM	962879102
SA	SEABRIDGE GOLD INC	3,491,316	$41.44M	4.6%	$17.00	-25.6%	COM	811916105
GDX	VANECK ETF TRUST	1,451,668	$35.01M	3.8%	$24.12	—	GOLD MINERS ETF	92189F106
NG	NOVAGOLD RES INC	6,809,288	$31.94M	3.5%	$6.51	-28.9%	COM NEW	66987E206
IAG	IAMGOLD CORP	23,803,241	$25.47M	2.8%	$2.72	-51.0%	COM	450913108
SII	SPROTT INC	622,482	$20.89M	2.3%	$32.81	+1.1%	COM NEW	852066208
—	CREDIT SUISSE GROUP	5,092,833	$19.96M	2.2%	$3.93	—	SPONSORED ADR	225401108
AL	AIR LEASE CORP	453,050	$14.05M	1.5%	$34.71	-3.2%	CL A	00912X302
SABR	SABRE CORP	2,416,857	$12.45M	1.4%	$7.21	-7.5%	COM	78573M104
KEP	KOREA ELEC PWR CORP	1,660,792	$11.29M	1.2%	$10.79	—	SPONSORED ADR	500631106
PPTA	PERPETUA RESOURCES CORP	5,250,591	$10.61M	1.2%	$3.59	-26.9%	COM	714266103
TEN	TSAKOS ENERGY NAVIGATION LTD	679,433	$10.38M	1.1%	$8.82	+58.3%	SHS	G9108L173
IE	IVANHOE ELECTRIC INC	1,112,276	$9.176M	1.0%	$9.13	0.0%	COM	46578C108
NAK	NORTHERN DYNASTY MINERALS LT	31,856,624	$7.776M	0.9%	$0.81	-64.7%	COM NEW	66510M204
HY	HYSTER YALE MATLS HANDLING I	347,054	$7.465M	0.8%	$28.92	-3.4%	CL A	449172105
THM	INTERNATIONAL TOWER HILL MIN	14,047,222	$7.272M	0.8%	$0.82	-35.6%	COM	46050R102
—	VEON LTD	16,018,241	$5.126M	0.6%	$0.89	—	SPONSORED ADR	91822M106
NGD	NEW GOLD INC CDA	2,959,596	$2.604M	0.3%	$0.79	0.0%	COM	644535106
AER	AERCAP HOLDINGS NV	52,364	$2.217M	0.2%	$48.30	-9.9%	SHS	N00985106
VGZ	VISTA GOLD CORP	2,258,884	$1.189M	0.1%	$0.70	-16.1%	COM NEW	927926303
LULU	LULULEMON ATHLETICA INC	2,900	$461K	0.1%	—	—	Put	550021109
SIL	GLOBAL X FDS	18,922	$456K	0.1%	$24.10	—	GLOBAL X SILVER	37954Y848
ZTS	ZOETIS INC	4,200	$292K	0.0%	—	—	Put	98978V103
PFE	PFIZER INC	36,500	$250K	0.0%	—	—	Put	717081103
NKE	NIKE INC	3,700	$244K	0.0%	—	—	Put	654106103
SLV	ISHARES SILVER TR	470,300	$158K	0.0%	—	—	Call	46428Q109
PAYX	PAYCHEX INC	8,900	$121K	0.0%	—	—	Put	704326107
AZO	AUTOZONE INC	600	$12,000	0.0%	—	—	Put	053332102
CMG	CHIPOTLE MEXICAN GRILL INC	900	$8,000	0.0%	—	—	Put	169656105