Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value ($000): $861,401 (100.0% shares, 0.0% debt)

Holdings (34)

— SOUTHWESTERN ENERGY CO 15.6%

Value ($000) $134,575 Shares 20,864,370 Est. Cost $4.27 Unrealized —

KT KT CORP 15.5%

Value ($000) $133,659 Shares 10,425,841 Est. Cost $12.46 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 12.1%

Value ($000) $104,302 Shares 2,572,186 Est. Cost $33.81 Unrealized +25.0%

RRC RANGE RES CORP 11.4%

Value ($000) $98,022 Shares 3,024,423 Est. Cost $17.41 Unrealized +79.7%

HMY HARMONY GOLD MINING CO LTD 8.0%

Value ($000) $68,680 Shares 18,266,037 Est. Cost $3.10 Unrealized —

RGLD ROYAL GOLD INC 7.4%

Value ($000) $63,594 Shares 598,081 Est. Cost $103.46 Unrealized +9.9%

NG NOVAGOLD RES INC 4.6%

Value ($000) $39,248 Shares 10,220,852 Est. Cost $6.02 Unrealized -30.3%

— BARRICK GOLD CORP 4.5%

Value ($000) $38,433 Shares 2,641,449 Est. Cost $16.93 Unrealized —

IAG IAMGOLD CORP 4.5%

Value ($000) $38,433 Shares 17,875,791 Est. Cost $2.71 Unrealized -9.2%

SA SEABRIDGE GOLD INC 3.3%

Value ($000) $28,785 Shares 2,728,409 Est. Cost $16.94 Unrealized -30.0%

PPTA PERPETUA RESOURCES CORP 2.0%

Value ($000) $17,117 Shares 5,250,591 Est. Cost $3.59 Unrealized -2.3%

CCJ CAMECO CORP 1.8%

Value ($000) $15,571 Shares 392,812 Est. Cost $15.49 Unrealized +127.0%

NEM NEWMONT CORP 1.5%

Value ($000) $13,103 Shares 354,613 Est. Cost $38.34 Unrealized 0.0%

SKYW SKYWEST INC 1.5%

Value ($000) $12,570 Shares 299,702 Est. Cost $17.54 Unrealized +139.1%

— SANDSTORM GOLD LTD 1.3%

Value ($000) $11,261 Shares 2,416,495 Est. Cost $5.44 Unrealized —

AL AIR LEASE CORP 1.2%

Value ($000) $10,651 Shares 270,265 Est. Cost $34.71 Unrealized +13.5%

NAK NORTHERN DYNASTY MINERALS LT 1.2%

Value ($000) $10,429 Shares 32,070,691 Est. Cost $0.81 Unrealized -64.9%

KEP KOREA ELEC PWR CORP 1.2%

Value ($000) $10,211 Shares 1,585,550 Est. Cost $10.79 Unrealized —

THM INTERNATIONAL TOWER HILL MIN 0.6%

Value ($000) $4,945 Shares 14,047,222 Est. Cost $0.82 Unrealized -51.7%

AER AERCAP HOLDINGS NV 0.4%

Value ($000) $3,276 Shares 52,267 Est. Cost $48.30 Unrealized +28.3%

IE IVANHOE ELECTRIC INC 0.3%

Value ($000) $2,428 Shares 204,004 Est. Cost $9.36 Unrealized +60.4%

VGZ VISTA GOLD CORP 0.2%

Value ($000) $1,471 Shares 3,421,561 Est. Cost $0.64 Unrealized -23.3%

LLY ELI LILLY & CO 0.0%

Value ($000) $183 Shares 2,300 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 0.0%

Value ($000) $113 Shares 15,600 Est. Cost — Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $99 Shares 417,000 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value ($000) $99 Shares 3,400 Est. Cost — Unrealized —

AMGN AMGEN INC 0.0%

Value ($000) $82 Shares 3,100 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $14 Shares 300 Est. Cost — Unrealized —

ABBV ABBVIE INC 0.0%

Value ($000) $12 Shares 16,800 Est. Cost — Unrealized —

ZTS ZOETIS INC 0.0%

Value ($000) $12 Shares 2,400 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

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

ULTA ULTA BEAUTY INC 0.0%

Value ($000) $6 Shares 600 Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 0.0%

Value ($000) $3 Shares 2,600 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $2 Shares 1,200 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SOUTHWESTERN ENERGY CO	20,864,370	$134,575	15.6%	$4.27	—	COM	845467109
KT	KT CORP	10,425,841	$133,659	15.5%	$12.46	—	SPONSORED ADR	48268K101
WPM	WHEATON PRECIOUS METALS CORP	2,572,186	$104,302	12.1%	$33.81	+25.0%	COM	962879102
RRC	RANGE RES CORP	3,024,423	$98,022	11.4%	$17.41	+79.7%	COM	75281A109
HMY	HARMONY GOLD MINING CO LTD	18,266,037	$68,680	8.0%	$3.10	—	SPONSORED ADR	413216300
RGLD	ROYAL GOLD INC	598,081	$63,594	7.4%	$103.46	+9.9%	COM	780287108
NG	NOVAGOLD RES INC	10,220,852	$39,248	4.6%	$6.02	-30.3%	COM NEW	66987E206
—	BARRICK GOLD CORP	2,641,449	$38,433	4.5%	$16.93	—	COM	067901108
IAG	IAMGOLD CORP	17,875,791	$38,433	4.5%	$2.71	-9.2%	COM	450913108
SA	SEABRIDGE GOLD INC	2,728,409	$28,785	3.3%	$16.94	-30.0%	COM	811916105
PPTA	PERPETUA RESOURCES CORP	5,250,591	$17,117	2.0%	$3.59	-2.3%	COM	714266103
CCJ	CAMECO CORP	392,812	$15,571	1.8%	$15.49	+127.0%	COM	13321L108
NEM	NEWMONT CORP	354,613	$13,103	1.5%	$38.34	0.0%	COM	651639106
SKYW	SKYWEST INC	299,702	$12,570	1.5%	$17.54	+139.1%	COM	830879102
—	SANDSTORM GOLD LTD	2,416,495	$11,261	1.3%	$5.44	—	COM NEW	80013R206
AL	AIR LEASE CORP	270,265	$10,651	1.2%	$34.71	+13.5%	CL A	00912X302
NAK	NORTHERN DYNASTY MINERALS LT	32,070,691	$10,429	1.2%	$0.81	-64.9%	COM NEW	66510M204
KEP	KOREA ELEC PWR CORP	1,585,550	$10,211	1.2%	$10.79	—	SPONSORED ADR	500631106
THM	INTERNATIONAL TOWER HILL MIN	14,047,222	$4,945	0.6%	$0.82	-51.7%	COM	46050R102
AER	AERCAP HOLDINGS NV	52,267	$3,276	0.4%	$48.30	+28.3%	SHS	N00985106
IE	IVANHOE ELECTRIC INC	204,004	$2,428	0.3%	$9.36	+60.4%	COM	46578C108
VGZ	VISTA GOLD CORP	3,421,561	$1,471	0.2%	$0.64	-23.3%	COM NEW	927926303
LLY	ELI LILLY & CO	2,300	$183	0.0%	—	—	Put	532457108
NVO	NOVO-NORDISK A S	15,600	$113	0.0%	—	—	Put	670100205
SLV	ISHARES SILVER TR	417,000	$99	0.0%	—	—	Call	46428Q109
NKE	NIKE INC	3,400	$99	0.0%	—	—	Put	654106103
AMGN	AMGEN INC	3,100	$82	0.0%	—	—	Put	031162100
AZO	AUTOZONE INC	300	$14	0.0%	—	—	Put	053332102
ABBV	ABBVIE INC	16,800	$12	0.0%	—	—	Put	00287Y109
ZTS	ZOETIS INC	2,400	$12	0.0%	—	—	Put	98978V103
PAYX	PAYCHEX INC	12,700	$12	0.0%	—	—	Put	704326107
ULTA	ULTA BEAUTY INC	600	$6	0.0%	—	—	Put	90384S303
LULU	LULULEMON ATHLETICA INC	2,600	$3	0.0%	—	—	Put	550021109
CMG	CHIPOTLE MEXICAN GRILL INC	1,200	$2	0.0%	—	—	Put	169656105