Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value ($000): $953,405 (100.0% shares, 0.0% debt)

Holdings (29)

— SOUTHWESTERN ENERGY CO 14.6%

Value ($000) $139,186 Shares 18,362,209 Est. Cost $4.27 Unrealized —

KT KT CORP 12.4%

Value ($000) $117,911 Shares 8,410,222 Est. Cost $12.46 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 11.8%

Value ($000) $112,892 Shares 2,395,326 Est. Cost $33.81 Unrealized +31.6%

RRC RANGE RES CORP 10.6%

Value ($000) $101,151 Shares 2,937,872 Est. Cost $17.82 Unrealized +73.5%

NEM NEWMONT CORP 8.9%

Value ($000) $84,489 Shares 2,357,388 Est. Cost $34.68 Unrealized -4.4%

RGLD ROYAL GOLD INC 8.6%

Value ($000) $81,823 Shares 671,723 Est. Cost $104.50 Unrealized +8.1%

— BARRICK GOLD CORP 5.3%

Value ($000) $50,098 Shares 3,010,705 Est. Cost $16.93 Unrealized —

SA SEABRIDGE GOLD INC 5.2%

Value ($000) $49,213 Shares 3,254,808 Est. Cost $16.06 Unrealized -27.4%

HMY HARMONY GOLD MINING CO LTD 4.8%

Value ($000) $46,206 Shares 5,655,522 Est. Cost $3.10 Unrealized —

NG NOVAGOLD RES INC 4.4%

Value ($000) $41,695 Shares 13,898,236 Est. Cost $5.22 Unrealized -46.1%

BABA ALIBABA GROUP HLDG LTD 2.7%

Value ($000) $25,882 Shares 357,683 Est. Cost $77.41 Unrealized —

PPTA PERPETUA RESOURCES CORP 2.3%

Value ($000) $21,842 Shares 5,250,591 Est. Cost $3.59 Unrealized -8.2%

AL AIR LEASE CORP 1.5%

Value ($000) $13,861 Shares 269,465 Est. Cost $34.71 Unrealized +19.2%

— SANDSTORM GOLD LTD 1.3%

Value ($000) $12,705 Shares 2,420,021 Est. Cost $5.44 Unrealized —

KEP KOREA ELEC PWR CORP 1.3%

Value ($000) $12,362 Shares 1,484,093 Est. Cost $10.79 Unrealized —

SKYW SKYWEST INC 1.3%

Value ($000) $12,036 Shares 174,226 Est. Cost $17.54 Unrealized +238.0%

NAK NORTHERN DYNASTY MINERALS LT 1.1%

Value ($000) $10,198 Shares 32,070,691 Est. Cost $0.81 Unrealized -65.9%

THM INTERNATIONAL TOWER HILL MIN 1.0%

Value ($000) $9,630 Shares 13,966,430 Est. Cost $0.82 Unrealized -27.3%

CRESY CRESUD S A C I F Y A 0.7%

Value ($000) $6,956 Shares 778,894 Est. Cost $9.48 Unrealized —

VGZ VISTA GOLD CORP 0.2%

Value ($000) $1,975 Shares 3,497,542 Est. Cost $0.63 Unrealized -35.4%

IE IVANHOE ELECTRIC INC 0.1%

Value ($000) $516 Shares 52,673 Est. Cost $9.36 Unrealized -7.9%

IRS IRSA INVERSIONES Y REP S A 0.0%

Value ($000) $271 Shares 28,990 Est. Cost $8.60 Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $174 Shares 211,300 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $139 Shares 1,500 Est. Cost — Unrealized —

AMGN AMGEN INC 0.0%

Value ($000) $72 Shares 3,100 Est. Cost — Unrealized —

LLY ELI LILLY & CO 0.0%

Value ($000) $70 Shares 2,300 Est. Cost — Unrealized —

ABBV ABBVIE INC 0.0%

Value ($000) $23 Shares 8,000 Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.0%

Value ($000) $21 Shares 2,900 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 0.0%

Value ($000) $10 Shares 15,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SOUTHWESTERN ENERGY CO	18,362,209	$139,186	14.6%	$4.27	—	COM	845467109
KT	KT CORP	8,410,222	$117,911	12.4%	$12.46	—	SPONSORED ADR	48268K101
WPM	WHEATON PRECIOUS METALS CORP	2,395,326	$112,892	11.8%	$33.81	+31.6%	COM	962879102
RRC	RANGE RES CORP	2,937,872	$101,151	10.6%	$17.82	+73.5%	COM	75281A109
NEM	NEWMONT CORP	2,357,388	$84,489	8.9%	$34.68	-4.4%	COM	651639106
RGLD	ROYAL GOLD INC	671,723	$81,823	8.6%	$104.50	+8.1%	COM	780287108
—	BARRICK GOLD CORP	3,010,705	$50,098	5.3%	$16.93	—	COM	067901108
SA	SEABRIDGE GOLD INC	3,254,808	$49,213	5.2%	$16.06	-27.4%	COM	811916105
HMY	HARMONY GOLD MINING CO LTD	5,655,522	$46,206	4.8%	$3.10	—	SPONSORED ADR	413216300
NG	NOVAGOLD RES INC	13,898,236	$41,695	4.4%	$5.22	-46.1%	COM NEW	66987E206
BABA	ALIBABA GROUP HLDG LTD	357,683	$25,882	2.7%	$77.41	—	SPONSORED ADS	01609W102
PPTA	PERPETUA RESOURCES CORP	5,250,591	$21,842	2.3%	$3.59	-8.2%	COM	714266103
AL	AIR LEASE CORP	269,465	$13,861	1.5%	$34.71	+19.2%	CL A	00912X302
—	SANDSTORM GOLD LTD	2,420,021	$12,705	1.3%	$5.44	—	COM NEW	80013R206
KEP	KOREA ELEC PWR CORP	1,484,093	$12,362	1.3%	$10.79	—	SPONSORED ADR	500631106
SKYW	SKYWEST INC	174,226	$12,036	1.3%	$17.54	+238.0%	COM	830879102
NAK	NORTHERN DYNASTY MINERALS LT	32,070,691	$10,198	1.1%	$0.81	-65.9%	COM NEW	66510M204
THM	INTERNATIONAL TOWER HILL MIN	13,966,430	$9,630	1.0%	$0.82	-27.3%	COM	46050R102
CRESY	CRESUD S A C I F Y A	778,894	$6,956	0.7%	$9.48	—	SPONSORED ADR	226406106
VGZ	VISTA GOLD CORP	3,497,542	$1,975	0.2%	$0.63	-35.4%	COM NEW	927926303
IE	IVANHOE ELECTRIC INC	52,673	$516	0.1%	$9.36	-7.9%	COM	46578C108
IRS	IRSA INVERSIONES Y REP S A	28,990	$271	0.0%	$8.60	—	SPON GDS ECH 10	450047303
SLV	ISHARES SILVER TR	211,300	$174	0.0%	—	—	Call	46428Q109
NVDA	NVIDIA CORPORATION	1,500	$139	0.0%	—	—	Put	67066G104
AMGN	AMGEN INC	3,100	$72	0.0%	—	—	Put	031162100
LLY	ELI LILLY & CO	2,300	$70	0.0%	—	—	Put	532457108
ABBV	ABBVIE INC	8,000	$23	0.0%	—	—	Put	00287Y109
PAYX	PAYCHEX INC	2,900	$21	0.0%	—	—	Put	704326107
NVO	NOVO-NORDISK A S	15,600	$10	0.0%	—	—	Put	670100205