Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 13, 2023

Total Value ($000): $990,831 (98.9% shares, 1.1% debt)

Holdings (37)

KT KT CORP 10.7%

Value ($000) $106,248 Shares 7,870,242 Est. Cost $12.87 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 10.4%

Value ($000) $102,645 Shares 2,626,525 Est. Cost $33.81 Unrealized +3.8%

— SOUTHWESTERN ENERGY CO 9.3%

Value ($000) $92,062 Shares 15,737,164 Est. Cost $3.82 Unrealized —

CCJ CAMECO CORP 8.9%

Value ($000) $88,348 Shares 3,897,115 Est. Cost $15.49 Unrealized +50.5%

RRC RANGE RES CORP 8.3%

Value ($000) $82,032 Shares 3,278,676 Est. Cost $16.81 Unrealized +62.9%

RGLD ROYAL GOLD INC 7.1%

Value ($000) $70,409 Shares 624,635 Est. Cost $103.46 Unrealized -0.4%

IAG IAMGOLD CORP 6.3%

Value ($000) $62,029 Shares 24,042,429 Est. Cost $2.71 Unrealized -36.0%

HMY HARMONY GOLD MINING CO LTD 5.9%

Value ($000) $58,634 Shares 17,245,360 Est. Cost $2.97 Unrealized —

NG NOVAGOLD RES INC 5.3%

Value ($000) $52,350 Shares 8,754,173 Est. Cost $6.25 Unrealized -14.7%

SKYW SKYWEST INC 4.2%

Value ($000) $41,792 Shares 2,531,308 Est. Cost $17.52 Unrealized 0.0%

SA SEABRIDGE GOLD INC 3.4%

Value ($000) $33,660 Shares 2,675,694 Est. Cost $17.00 Unrealized -30.4%

— CREDIT SUISSE GROUP 3.0%

Value ($000) $29,598 Shares 9,736,174 Est. Cost $3.51 Unrealized —

SABR SABRE CORP 2.7%

Value ($000) $26,711 Shares 4,322,131 Est. Cost $6.49 Unrealized -14.0%

SII SPROTT INC 2.1%

Value ($000) $20,706 Shares 622,482 Est. Cost $32.81 Unrealized -1.3%

PPTA PERPETUA RESOURCES CORP 1.5%

Value ($000) $15,332 Shares 5,250,591 Est. Cost $3.59 Unrealized -39.6%

AL AIR LEASE CORP 1.5%

Value ($000) $15,062 Shares 392,025 Est. Cost $34.71 Unrealized -2.2%

KEP KOREA ELEC PWR CORP 1.4%

Value ($000) $14,349 Shares 1,660,792 Est. Cost $10.79 Unrealized —

IE IVANHOE ELECTRIC INC 1.4%

Value ($000) $13,537 Shares 1,114,117 Est. Cost $9.13 Unrealized +14.8%

— SABRE CORP 1.1%

Value ($000) $10,984 Shares 130,500 Est. Cost $84.17 Unrealized —

GDX VANECK ETF TRUST 0.9%

Value ($000) $9,217 Shares 321,592 Est. Cost $24.12 Unrealized —

HY HYSTER YALE MATLS HANDLING I 0.9%

Value ($000) $8,431 Shares 333,117 Est. Cost $28.92 Unrealized -12.7%

— VEON LTD 0.8%

Value ($000) $7,849 Shares 16,018,241 Est. Cost $0.89 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 0.7%

Value ($000) $7,067 Shares 32,005,333 Est. Cost $0.81 Unrealized -70.1%

BABA ALIBABA GROUP HLDG LTD 0.7%

Value ($000) $6,695 Shares 76,005 Est. Cost $88.09 Unrealized —

THM INTERNATIONAL TOWER HILL MIN 0.6%

Value ($000) $5,973 Shares 14,047,222 Est. Cost $0.82 Unrealized -44.1%

AER AERCAP HOLDINGS NV 0.3%

Value ($000) $3,048 Shares 52,267 Est. Cost $48.30 Unrealized +12.6%

NGD NEW GOLD INC CDA 0.2%

Value ($000) $2,004 Shares 2,044,962 Est. Cost $0.79 Unrealized +27.2%

VGZ VISTA GOLD CORP 0.1%

Value ($000) $1,444 Shares 2,916,361 Est. Cost $0.67 Unrealized -17.8%

— SANDSTORM GOLD LTD 0.1%

Value ($000) $1,313 Shares 249,543 Est. Cost $5.26 Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $400 Shares 186,700 Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 0.0%

Value ($000) $344 Shares 2,900 Est. Cost — Unrealized —

ZTS ZOETIS INC 0.0%

Value ($000) $299 Shares 4,200 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value ($000) $121 Shares 3,700 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

Value ($000) $83 Shares 8,900 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $42 Shares 600 Est. Cost — Unrealized —

ULTA ULTA BEAUTY INC 0.0%

Value ($000) $12 Shares 600 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $0 Shares 900 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KT	KT CORP	7,870,242	$106,248	10.7%	$12.87	—	SPONSORED ADR	48268K101
WPM	WHEATON PRECIOUS METALS CORP	2,626,525	$102,645	10.4%	$33.81	+3.8%	COM	962879102
—	SOUTHWESTERN ENERGY CO	15,737,164	$92,062	9.3%	$3.82	—	COM	845467109
CCJ	CAMECO CORP	3,897,115	$88,348	8.9%	$15.49	+50.5%	COM	13321L108
RRC	RANGE RES CORP	3,278,676	$82,032	8.3%	$16.81	+62.9%	COM	75281A109
RGLD	ROYAL GOLD INC	624,635	$70,409	7.1%	$103.46	-0.4%	COM	780287108
IAG	IAMGOLD CORP	24,042,429	$62,029	6.3%	$2.71	-36.0%	COM	450913108
HMY	HARMONY GOLD MINING CO LTD	17,245,360	$58,634	5.9%	$2.97	—	SPONSORED ADR	413216300
NG	NOVAGOLD RES INC	8,754,173	$52,350	5.3%	$6.25	-14.7%	COM NEW	66987E206
SKYW	SKYWEST INC	2,531,308	$41,792	4.2%	$17.52	0.0%	COM	830879102
SA	SEABRIDGE GOLD INC	2,675,694	$33,660	3.4%	$17.00	-30.4%	COM	811916105
—	CREDIT SUISSE GROUP	9,736,174	$29,598	3.0%	$3.51	—	SPONSORED ADR	225401108
SABR	SABRE CORP	4,322,131	$26,711	2.7%	$6.49	-14.0%	COM	78573M104
SII	SPROTT INC	622,482	$20,706	2.1%	$32.81	-1.3%	COM NEW	852066208
PPTA	PERPETUA RESOURCES CORP	5,250,591	$15,332	1.5%	$3.59	-39.6%	COM	714266103
AL	AIR LEASE CORP	392,025	$15,062	1.5%	$34.71	-2.2%	CL A	00912X302
KEP	KOREA ELEC PWR CORP	1,660,792	$14,349	1.4%	$10.79	—	SPONSORED ADR	500631106
IE	IVANHOE ELECTRIC INC	1,114,117	$13,537	1.4%	$9.13	+14.8%	COM	46578C108
—	SABRE CORP	130,500	$10,984	1.1%	$84.17	—	6.50% CONV PFD A	78573M203
GDX	VANECK ETF TRUST	321,592	$9,217	0.9%	$24.12	—	GOLD MINERS ETF	92189F106
HY	HYSTER YALE MATLS HANDLING I	333,117	$8,431	0.9%	$28.92	-12.7%	CL A	449172105
—	VEON LTD	16,018,241	$7,849	0.8%	$0.89	—	SPONSORED ADR	91822M106
NAK	NORTHERN DYNASTY MINERALS LT	32,005,333	$7,067	0.7%	$0.81	-70.1%	COM NEW	66510M204
BABA	ALIBABA GROUP HLDG LTD	76,005	$6,695	0.7%	$88.09	—	SPONSORED ADS	01609W102
THM	INTERNATIONAL TOWER HILL MIN	14,047,222	$5,973	0.6%	$0.82	-44.1%	COM	46050R102
AER	AERCAP HOLDINGS NV	52,267	$3,048	0.3%	$48.30	+12.6%	SHS	N00985106
NGD	NEW GOLD INC CDA	2,044,962	$2,004	0.2%	$0.79	+27.2%	COM	644535106
VGZ	VISTA GOLD CORP	2,916,361	$1,444	0.1%	$0.67	-17.8%	COM NEW	927926303
—	SANDSTORM GOLD LTD	249,543	$1,313	0.1%	$5.26	—	COM NEW	80013R206
SLV	ISHARES SILVER TR	186,700	$400	0.0%	—	—	Call	46428Q109
LULU	LULULEMON ATHLETICA INC	2,900	$344	0.0%	—	—	Put	550021109
ZTS	ZOETIS INC	4,200	$299	0.0%	—	—	Put	98978V103
NKE	NIKE INC	3,700	$121	0.0%	—	—	Put	654106103
PAYX	PAYCHEX INC	8,900	$83	0.0%	—	—	Put	704326107
AZO	AUTOZONE INC	600	$42	0.0%	—	—	Put	053332102
ULTA	ULTA BEAUTY INC	600	$12	0.0%	—	—	Put	90384S303
CMG	CHIPOTLE MEXICAN GRILL INC	900	$0	0.0%	—	—	Put	169656105