Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 12, 2024

Total Value ($000): $965,636 (100.0% shares, 0.0% debt)

Holdings (34)

KT KT CORP 14.3%

Value ($000) $137,849 Shares 10,256,622 Est. Cost $12.46 Unrealized —

— SOUTHWESTERN ENERGY CO 14.2%

Value ($000) $137,598 Shares 21,007,377 Est. Cost $4.27 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 12.9%

Value ($000) $124,885 Shares 2,531,119 Est. Cost $33.81 Unrealized +31.6%

HMY HARMONY GOLD MINING CO LTD 10.3%

Value ($000) $99,798 Shares 16,227,312 Est. Cost $3.10 Unrealized —

RRC RANGE RES CORP 9.8%

Value ($000) $94,562 Shares 3,106,518 Est. Cost $17.82 Unrealized +84.1%

RGLD ROYAL GOLD INC 8.4%

Value ($000) $81,252 Shares 671,723 Est. Cost $104.50 Unrealized +8.1%

— BARRICK GOLD CORP 5.1%

Value ($000) $48,996 Shares 2,708,450 Est. Cost $16.96 Unrealized —

NG NOVAGOLD RES INC 4.2%

Value ($000) $40,864 Shares 10,926,195 Est. Cost $5.88 Unrealized -36.1%

SA SEABRIDGE GOLD INC 4.0%

Value ($000) $38,686 Shares 3,189,304 Est. Cost $16.15 Unrealized -28.8%

NEM NEWMONT CORP 3.6%

Value ($000) $34,571 Shares 835,254 Est. Cost $37.46 Unrealized -1.7%

BABA ALIBABA GROUP HLDG LTD 2.8%

Value ($000) $27,191 Shares 350,802 Est. Cost $77.51 Unrealized —

PPTA PERPETUA RESOURCES CORP 1.7%

Value ($000) $16,644 Shares 5,250,591 Est. Cost $3.59 Unrealized -6.1%

SKYW SKYWEST INC 1.6%

Value ($000) $15,583 Shares 298,519 Est. Cost $17.54 Unrealized +156.2%

— SANDSTORM GOLD LTD 1.3%

Value ($000) $12,173 Shares 2,420,021 Est. Cost $5.44 Unrealized —

AL AIR LEASE CORP 1.2%

Value ($000) $11,301 Shares 269,465 Est. Cost $34.71 Unrealized +5.0%

KEP KOREA ELEC PWR CORP 1.1%

Value ($000) $10,760 Shares 1,484,093 Est. Cost $10.79 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 1.1%

Value ($000) $10,368 Shares 32,070,691 Est. Cost $0.81 Unrealized -58.8%

THM INTERNATIONAL TOWER HILL MIN 0.9%

Value ($000) $8,218 Shares 14,047,222 Est. Cost $0.82 Unrealized -47.4%

CRESY CRESUD S A C I F Y A 0.8%

Value ($000) $7,384 Shares 778,894 Est. Cost $9.48 Unrealized —

AER AERCAP HOLDINGS NV 0.4%

Value ($000) $3,884 Shares 52,267 Est. Cost $48.30 Unrealized +34.6%

VGZ VISTA GOLD CORP 0.2%

Value ($000) $1,546 Shares 3,421,561 Est. Cost $0.64 Unrealized -41.8%

IE IVANHOE ELECTRIC INC 0.1%

Value ($000) $741 Shares 73,555 Est. Cost $9.36 Unrealized +13.0%

IRS IRSA INVERSIONES Y REP S A 0.0%

Value ($000) $249 Shares 28,990 Est. Cost $8.60 Unrealized —

LLY ELI LILLY & CO 0.0%

Value ($000) $168 Shares 2,300 Est. Cost — Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $164 Shares 338,100 Est. Cost — Unrealized —

AMGN AMGEN INC 0.0%

Value ($000) $71 Shares 3,100 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 0.0%

Value ($000) $62 Shares 15,600 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value ($000) $57 Shares 3,400 Est. Cost — Unrealized —

ZTS ZOETIS INC 0.0%

Value ($000) $5 Shares 2,400 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

Value ($000) $3 Shares 12,700 Est. Cost — Unrealized —

ABBV ABBVIE INC 0.0%

Value ($000) $1 Shares 16,800 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $0 Shares 1,200 Est. Cost — Unrealized —

ULTA ULTA BEAUTY INC 0.0%

Value ($000) $0 Shares 600 Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 0.0%

Value ($000) $0 Shares 2,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KT	KT CORP	10,256,622	$137,849	14.3%	$12.46	—	SPONSORED ADR	48268K101
—	SOUTHWESTERN ENERGY CO	21,007,377	$137,598	14.2%	$4.27	—	COM	845467109
WPM	WHEATON PRECIOUS METALS CORP	2,531,119	$124,885	12.9%	$33.81	+31.6%	COM	962879102
HMY	HARMONY GOLD MINING CO LTD	16,227,312	$99,798	10.3%	$3.10	—	SPONSORED ADR	413216300
RRC	RANGE RES CORP	3,106,518	$94,562	9.8%	$17.82	+84.1%	COM	75281A109
RGLD	ROYAL GOLD INC	671,723	$81,252	8.4%	$104.50	+8.1%	COM	780287108
—	BARRICK GOLD CORP	2,708,450	$48,996	5.1%	$16.96	—	COM	067901108
NG	NOVAGOLD RES INC	10,926,195	$40,864	4.2%	$5.88	-36.1%	COM NEW	66987E206
SA	SEABRIDGE GOLD INC	3,189,304	$38,686	4.0%	$16.15	-28.8%	COM	811916105
NEM	NEWMONT CORP	835,254	$34,571	3.6%	$37.46	-1.7%	COM	651639106
BABA	ALIBABA GROUP HLDG LTD	350,802	$27,191	2.8%	$77.51	—	SPONSORED ADS	01609W102
PPTA	PERPETUA RESOURCES CORP	5,250,591	$16,644	1.7%	$3.59	-6.1%	COM	714266103
SKYW	SKYWEST INC	298,519	$15,583	1.6%	$17.54	+156.2%	COM	830879102
—	SANDSTORM GOLD LTD	2,420,021	$12,173	1.3%	$5.44	—	COM NEW	80013R206
AL	AIR LEASE CORP	269,465	$11,301	1.2%	$34.71	+5.0%	CL A	00912X302
KEP	KOREA ELEC PWR CORP	1,484,093	$10,760	1.1%	$10.79	—	SPONSORED ADR	500631106
NAK	NORTHERN DYNASTY MINERALS LT	32,070,691	$10,368	1.1%	$0.81	-58.8%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	14,047,222	$8,218	0.9%	$0.82	-47.4%	COM	46050R102
CRESY	CRESUD S A C I F Y A	778,894	$7,384	0.8%	$9.48	—	SPONSORED ADR	226406106
AER	AERCAP HOLDINGS NV	52,267	$3,884	0.4%	$48.30	+34.6%	SHS	N00985106
VGZ	VISTA GOLD CORP	3,421,561	$1,546	0.2%	$0.64	-41.8%	COM NEW	927926303
IE	IVANHOE ELECTRIC INC	73,555	$741	0.1%	$9.36	+13.0%	COM	46578C108
IRS	IRSA INVERSIONES Y REP S A	28,990	$249	0.0%	$8.60	—	SPON GDS ECH 10	450047303
LLY	ELI LILLY & CO	2,300	$168	0.0%	—	—	Put	532457108
SLV	ISHARES SILVER TR	338,100	$164	0.0%	—	—	Call	46428Q109
AMGN	AMGEN INC	3,100	$71	0.0%	—	—	Put	031162100
NVO	NOVO-NORDISK A S	15,600	$62	0.0%	—	—	Put	670100205
NKE	NIKE INC	3,400	$57	0.0%	—	—	Put	654106103
ZTS	ZOETIS INC	2,400	$5	0.0%	—	—	Put	98978V103
PAYX	PAYCHEX INC	12,700	$3	0.0%	—	—	Put	704326107
ABBV	ABBVIE INC	16,800	$1	0.0%	—	—	Put	00287Y109
CMG	CHIPOTLE MEXICAN GRILL INC	1,200	$0	0.0%	—	—	Put	169656105
ULTA	ULTA BEAUTY INC	600	$0	0.0%	—	—	Put	90384S303
LULU	LULULEMON ATHLETICA INC	2,600	$0	0.0%	—	—	Put	550021109