Kopernik Global Investors, LLC Hedge Fund

CIK: 0001599814 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 13, 2025

Total Value ($000): $935,407 (100.0% shares, 0.0% debt)

Holdings (34)

KT KT CORP 13.1%

Value ($000) $122,846 Shares 7,915,343 Est. Cost $12.58 Unrealized —

RRC RANGE RES CORP 10.4%

Value ($000) $97,384 Shares 2,706,620 Est. Cost $20.98 Unrealized +57.6%

EXE EXPAND ENERGY CORPORATION 9.8%

Value ($000) $91,581 Shares 919,945 Est. Cost $89.24 Unrealized 0.0%

— BARRICK GOLD CORP 8.0%

Value ($000) $74,595 Shares 4,812,612 Est. Cost $16.71 Unrealized —

RGLD ROYAL GOLD INC 7.3%

Value ($000) $68,322 Shares 518,178 Est. Cost $104.50 Unrealized +38.1%

WPM WHEATON PRECIOUS METALS CORP 7.1%

Value ($000) $66,200 Shares 1,177,092 Est. Cost $33.81 Unrealized +82.2%

NG NOVAGOLD RES INC 6.1%

Value ($000) $56,633 Shares 17,006,844 Est. Cost $4.62 Unrealized -23.6%

SQM SOCIEDAD QUIMICA Y MINERA DE 5.7%

Value ($000) $53,179 Shares 1,462,568 Est. Cost $41.27 Unrealized —

— ARCADIUM LITHIUM PLC 4.0%

Value ($000) $37,810 Shares 7,370,438 Est. Cost $3.08 Unrealized —

SA SEABRIDGE GOLD INC 3.7%

Value ($000) $34,767 Shares 3,047,048 Est. Cost $16.06 Unrealized -4.1%

NEM NEWMONT CORP 3.0%

Value ($000) $28,107 Shares 755,147 Est. Cost $44.64 Unrealized 0.0%

BEN FRANKLIN RESOURCES INC 2.6%

Value ($000) $24,527 Shares 1,208,837 Est. Cost $19.72 Unrealized -0.7%

PPTA PERPETUA RESOURCES CORP 2.5%

Value ($000) $22,951 Shares 2,151,004 Est. Cost $3.59 Unrealized +185.7%

HMY HARMONY GOLD MINING CO LTD 2.4%

Value ($000) $22,371 Shares 2,724,852 Est. Cost $3.10 Unrealized —

IE IVANHOE ELECTRIC INC 2.1%

Value ($000) $19,307 Shares 2,557,225 Est. Cost $8.45 Unrealized +9.4%

BABA ALIBABA GROUP HLDG LTD 2.0%

Value ($000) $18,701 Shares 220,556 Est. Cost $78.60 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 2.0%

Value ($000) $18,300 Shares 31,470,739 Est. Cost $0.81 Unrealized -44.7%

CRESY CRESUD S A C I F Y A 1.9%

Value ($000) $17,824 Shares 1,411,257 Est. Cost $9.10 Unrealized —

AMTM AMENTUM HOLDINGS INC 1.7%

Value ($000) $16,109 Shares 765,982 Est. Cost $25.85 Unrealized 0.0%

AL AIR LEASE CORP 1.4%

Value ($000) $12,677 Shares 262,960 Est. Cost $44.54 Unrealized +3.9%

— SANDSTORM GOLD LTD 1.2%

Value ($000) $11,061 Shares 1,982,280 Est. Cost $5.44 Unrealized —

KEP KOREA ELEC PWR CORP 0.8%

Value ($000) $7,567 Shares 1,099,905 Est. Cost $10.79 Unrealized —

THM INTERNATIONAL TOWER HILL MIN 0.7%

Value ($000) $6,353 Shares 13,949,307 Est. Cost $0.82 Unrealized -35.3%

NTR NUTRIEN LTD 0.4%

Value ($000) $3,632 Shares 81,164 Est. Cost $45.96 Unrealized 0.0%

VGZ VISTA GOLD CORP 0.2%

Value ($000) $2,235 Shares 4,006,199 Est. Cost $0.62 Unrealized +1.7%

AAPL APPLE INC 0.0%

Value ($000) $130 Shares 5,000 Est. Cost — Unrealized —

AMGN AMGEN INC 0.0%

Value ($000) $84 Shares 3,100 Est. Cost — Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $49 Shares 33,700 Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $41 Shares 10,000 Est. Cost — Unrealized —

NXE NEXGEN ENERGY LTD 0.0%

Value ($000) $34 Shares 5,205 Est. Cost $6.21 Unrealized +21.4%

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $19 Shares 15,000 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 0.0%

Value ($000) $8 Shares 9,400 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

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

PAYX PAYCHEX INC 0.0%

Value ($000) $0 Shares 2,900 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KT	KT CORP	7,915,343	$122,846	13.1%	$12.58	—	SPONSORED ADR	48268K101
RRC	RANGE RES CORP	2,706,620	$97,384	10.4%	$20.98	+57.6%	COM	75281A109
EXE	EXPAND ENERGY CORPORATION	919,945	$91,581	9.8%	$89.24	0.0%	COM	165167735
—	BARRICK GOLD CORP	4,812,612	$74,595	8.0%	$16.71	—	COM	067901108
RGLD	ROYAL GOLD INC	518,178	$68,322	7.3%	$104.50	+38.1%	COM	780287108
WPM	WHEATON PRECIOUS METALS CORP	1,177,092	$66,200	7.1%	$33.81	+82.2%	COM	962879102
NG	NOVAGOLD RES INC	17,006,844	$56,633	6.1%	$4.62	-23.6%	COM NEW	66987E206
SQM	SOCIEDAD QUIMICA Y MINERA DE	1,462,568	$53,179	5.7%	$41.27	—	SPON ADR SER B	833635105
—	ARCADIUM LITHIUM PLC	7,370,438	$37,810	4.0%	$3.08	—	COM SHS	G0508H110
SA	SEABRIDGE GOLD INC	3,047,048	$34,767	3.7%	$16.06	-4.1%	COM	811916105
NEM	NEWMONT CORP	755,147	$28,107	3.0%	$44.64	0.0%	COM	651639106
BEN	FRANKLIN RESOURCES INC	1,208,837	$24,527	2.6%	$19.72	-0.7%	COM	354613101
PPTA	PERPETUA RESOURCES CORP	2,151,004	$22,951	2.5%	$3.59	+185.7%	COM	714266103
HMY	HARMONY GOLD MINING CO LTD	2,724,852	$22,371	2.4%	$3.10	—	SPONSORED ADR	413216300
IE	IVANHOE ELECTRIC INC	2,557,225	$19,307	2.1%	$8.45	+9.4%	COM	46578C108
BABA	ALIBABA GROUP HLDG LTD	220,556	$18,701	2.0%	$78.60	—	SPONSORED ADS	01609W102
NAK	NORTHERN DYNASTY MINERALS LT	31,470,739	$18,300	2.0%	$0.81	-44.7%	COM NEW	66510M204
CRESY	CRESUD S A C I F Y A	1,411,257	$17,824	1.9%	$9.10	—	SPONSORED ADR	226406106
AMTM	AMENTUM HOLDINGS INC	765,982	$16,109	1.7%	$25.85	0.0%	COM	023939101
AL	AIR LEASE CORP	262,960	$12,677	1.4%	$44.54	+3.9%	CL A	00912X302
—	SANDSTORM GOLD LTD	1,982,280	$11,061	1.2%	$5.44	—	COM NEW	80013R206
KEP	KOREA ELEC PWR CORP	1,099,905	$7,567	0.8%	$10.79	—	SPONSORED ADR	500631106
THM	INTERNATIONAL TOWER HILL MIN	13,949,307	$6,353	0.7%	$0.82	-35.3%	COM	46050R102
NTR	NUTRIEN LTD	81,164	$3,632	0.4%	$45.96	0.0%	COM	67077M108
VGZ	VISTA GOLD CORP	4,006,199	$2,235	0.2%	$0.62	+1.7%	COM NEW	927926303
AAPL	APPLE INC	5,000	$130	0.0%	—	—	Put	037833100
AMGN	AMGEN INC	3,100	$84	0.0%	—	—	Put	031162100
SLV	ISHARES SILVER TR	33,700	$49	0.0%	—	—	Call	46428Q109
CMG	CHIPOTLE MEXICAN GRILL INC	10,000	$41	0.0%	—	—	Put	169656105
NXE	NEXGEN ENERGY LTD	5,205	$34	0.0%	$6.21	+21.4%	COM	65340P106
NVDA	NVIDIA CORPORATION	15,000	$19	0.0%	—	—	Put	67066G104
NVO	NOVO-NORDISK A S	9,400	$8	0.0%	—	—	Put	670100205
AZO	AUTOZONE INC	300	$2	0.0%	—	—	Put	053332102
PAYX	PAYCHEX INC	2,900	$0	0.0%	—	—	Put	704326107