Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 12, 2023

Total Value ($000): $961,181 (99.4% shares, 0.6% debt)

Holdings (33)

WPM WHEATON PRECIOUS METALS CORP 12.9%

Value ($000) $123,944 Shares 2,573,597 Est. Cost $33.81 Unrealized +25.8%

KT KT CORP 12.6%

Value ($000) $121,418 Shares 10,707,076 Est. Cost $12.46 Unrealized —

— SOUTHWESTERN ENERGY CO 10.9%

Value ($000) $105,125 Shares 21,025,014 Est. Cost $4.11 Unrealized —

RRC RANGE RES CORP 9.7%

Value ($000) $93,569 Shares 3,534,893 Est. Cost $17.41 Unrealized +44.6%

RGLD ROYAL GOLD INC 8.1%

Value ($000) $78,193 Shares 602,831 Est. Cost $103.46 Unrealized +19.1%

HMY HARMONY GOLD MINING CO LTD 7.4%

Value ($000) $71,583 Shares 17,459,280 Est. Cost $2.99 Unrealized —

SKYW SKYWEST INC 5.9%

Value ($000) $56,714 Shares 2,558,153 Est. Cost $17.54 Unrealized +11.5%

NG NOVAGOLD RES INC 5.7%

Value ($000) $54,988 Shares 8,840,561 Est. Cost $6.25 Unrealized -2.6%

CCJ CAMECO CORP 5.7%

Value ($000) $54,801 Shares 2,094,022 Est. Cost $15.49 Unrealized +69.6%

IAG IAMGOLD CORP 5.2%

Value ($000) $49,759 Shares 18,361,305 Est. Cost $2.71 Unrealized -6.2%

SA SEABRIDGE GOLD INC 3.7%

Value ($000) $35,144 Shares 2,713,816 Est. Cost $16.94 Unrealized -27.0%

PPTA PERPETUA RESOURCES CORP 2.4%

Value ($000) $23,365 Shares 5,250,591 Est. Cost $3.59 Unrealized -3.5%

SABR SABRE CORP 1.5%

Value ($000) $14,574 Shares 3,397,132 Est. Cost $6.49 Unrealized -11.8%

IE IVANHOE ELECTRIC INC 1.5%

Value ($000) $14,305 Shares 1,177,368 Est. Cost $9.36 Unrealized +43.2%

KEP KOREA ELEC PWR CORP 1.2%

Value ($000) $11,526 Shares 1,660,792 Est. Cost $10.79 Unrealized —

AL AIR LEASE CORP 1.1%

Value ($000) $10,796 Shares 274,218 Est. Cost $34.71 Unrealized +14.3%

THM INTERNATIONAL TOWER HILL MIN 0.9%

Value ($000) $8,430 Shares 14,047,222 Est. Cost $0.82 Unrealized -31.1%

— SANDSTORM GOLD LTD 0.8%

Value ($000) $7,704 Shares 1,326,040 Est. Cost $5.71 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 0.8%

Value ($000) $7,658 Shares 32,070,691 Est. Cost $0.81 Unrealized -71.5%

— SABRE CORP 0.6%

Value ($000) $5,938 Shares 94,700 Est. Cost $84.17 Unrealized —

VEON VEON LTD 0.4%

Value ($000) $4,289 Shares 243,415 Est. Cost $17.62 Unrealized —

AER AERCAP HOLDINGS NV 0.3%

Value ($000) $2,939 Shares 52,267 Est. Cost $48.30 Unrealized +22.0%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value ($000) $2,033 Shares 19,900 Est. Cost $88.09 Unrealized —

VGZ VISTA GOLD CORP 0.2%

Value ($000) $1,756 Shares 2,916,361 Est. Cost $0.67 Unrealized -15.2%

SLV ISHARES SILVER TR 0.0%

Value ($000) $365 Shares 488,700 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value ($000) $66 Shares 11,900 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

Value ($000) $52 Shares 12,700 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $37 Shares 1,200 Est. Cost — Unrealized —

ABBV ABBVIE INC 0.0%

Value ($000) $37 Shares 16,800 Est. Cost — Unrealized —

ZTS ZOETIS INC 0.0%

Value ($000) $30 Shares 7,000 Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 0.0%

Value ($000) $23 Shares 2,600 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $15 Shares 600 Est. Cost — Unrealized —

ULTA ULTA BEAUTY INC 0.0%

Value ($000) $3 Shares 600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WPM	WHEATON PRECIOUS METALS CORP	2,573,597	$123,944	12.9%	$33.81	+25.8%	COM	962879102
KT	KT CORP	10,707,076	$121,418	12.6%	$12.46	—	SPONSORED ADR	48268K101
—	SOUTHWESTERN ENERGY CO	21,025,014	$105,125	10.9%	$4.11	—	COM	845467109
RRC	RANGE RES CORP	3,534,893	$93,569	9.7%	$17.41	+44.6%	COM	75281A109
RGLD	ROYAL GOLD INC	602,831	$78,193	8.1%	$103.46	+19.1%	COM	780287108
HMY	HARMONY GOLD MINING CO LTD	17,459,280	$71,583	7.4%	$2.99	—	SPONSORED ADR	413216300
SKYW	SKYWEST INC	2,558,153	$56,714	5.9%	$17.54	+11.5%	COM	830879102
NG	NOVAGOLD RES INC	8,840,561	$54,988	5.7%	$6.25	-2.6%	COM NEW	66987E206
CCJ	CAMECO CORP	2,094,022	$54,801	5.7%	$15.49	+69.6%	COM	13321L108
IAG	IAMGOLD CORP	18,361,305	$49,759	5.2%	$2.71	-6.2%	COM	450913108
SA	SEABRIDGE GOLD INC	2,713,816	$35,144	3.7%	$16.94	-27.0%	COM	811916105
PPTA	PERPETUA RESOURCES CORP	5,250,591	$23,365	2.4%	$3.59	-3.5%	COM	714266103
SABR	SABRE CORP	3,397,132	$14,574	1.5%	$6.49	-11.8%	COM	78573M104
IE	IVANHOE ELECTRIC INC	1,177,368	$14,305	1.5%	$9.36	+43.2%	COM	46578C108
KEP	KOREA ELEC PWR CORP	1,660,792	$11,526	1.2%	$10.79	—	SPONSORED ADR	500631106
AL	AIR LEASE CORP	274,218	$10,796	1.1%	$34.71	+14.3%	CL A	00912X302
THM	INTERNATIONAL TOWER HILL MIN	14,047,222	$8,430	0.9%	$0.82	-31.1%	COM	46050R102
—	SANDSTORM GOLD LTD	1,326,040	$7,704	0.8%	$5.71	—	COM NEW	80013R206
NAK	NORTHERN DYNASTY MINERALS LT	32,070,691	$7,658	0.8%	$0.81	-71.5%	COM NEW	66510M204
—	SABRE CORP	94,700	$5,938	0.6%	$84.17	—	6.50% CONV PFD A	78573M203
VEON	VEON LTD	243,415	$4,289	0.4%	$17.62	—	SPONSORED ADS	91822M502
AER	AERCAP HOLDINGS NV	52,267	$2,939	0.3%	$48.30	+22.0%	SHS	N00985106
BABA	ALIBABA GROUP HLDG LTD	19,900	$2,033	0.2%	$88.09	—	SPONSORED ADS	01609W102
VGZ	VISTA GOLD CORP	2,916,361	$1,756	0.2%	$0.67	-15.2%	COM NEW	927926303
SLV	ISHARES SILVER TR	488,700	$365	0.0%	—	—	Call	46428Q109
NKE	NIKE INC	11,900	$66	0.0%	—	—	Put	654106103
PAYX	PAYCHEX INC	12,700	$52	0.0%	—	—	Put	704326107
CMG	CHIPOTLE MEXICAN GRILL INC	1,200	$37	0.0%	—	—	Put	169656105
ABBV	ABBVIE INC	16,800	$37	0.0%	—	—	Put	00287Y109
ZTS	ZOETIS INC	7,000	$30	0.0%	—	—	Put	98978V103
LULU	LULULEMON ATHLETICA INC	2,600	$23	0.0%	—	—	Put	550021109
AZO	AUTOZONE INC	600	$15	0.0%	—	—	Put	053332102
ULTA	ULTA BEAUTY INC	600	$3	0.0%	—	—	Put	90384S303