Q1 2025 · 13F-HR
Kopernik Global Investors, LLCholdings as filed
Filed 2025-05-14 · accession 0001599814-25-000003
$964.8M
Reported value
31
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 75281A109 | RRC | RANGE RES CORP | $113.7M | 11.8% | 2,846,663 | Common | SOLE |
| 48268K101 | KT | KT CORP | $111.8M | 11.6% | 6,311,479 | Common | SOLE |
| 067901108 | ABX | BARRICK GOLD CORP | $98.1M | 10.2% | 5,044,236 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $96.2M | 9.98% | 864,487 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $85.7M | 8.88% | 7,342,955 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $60.5M | 6.27% | 1,523,668 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RES INC | $54.3M | 5.63% | 18,591,730 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $53.8M | 5.57% | 692,499 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $48.5M | 5.03% | 296,790 | Common | SOLE |
| 354613101 | BEN | FRANKLIN RESOURCES INC | $46.9M | 4.86% | 2,435,982 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $28.4M | 2.94% | 571,481 | Common | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $22.6M | 2.34% | 19,666,067 | Common | SOLE |
| 226406106 | CRESY | CRESUD S A C I F Y A | $22.1M | 2.29% | 1,996,135 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $19.6M | 2.03% | 406,615 | Common | SOLE |
| 023939101 | AMTM | AMENTUM HOLDINGS INC | $19.6M | 2.03% | 1,077,495 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $19.4M | 2.01% | 3,340,185 | Common | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $15.7M | 1.63% | 2,080,780 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $14.3M | 1.49% | 296,911 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $11.8M | 1.22% | 1,104,398 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $9.1M | 0.95% | 14,448,418 | Common | SOLE |
| 500631106 | KEP | KOREA ELEC PWR CORP | $8.2M | 0.84% | 1,099,905 | Common | SOLE |
| 927926303 | VGZ | VISTA GOLD CORP | $3.3M | 0.35% | 4,042,525 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $482,080 | 0.05% | 15,556 | Common | SOLE |
| 413216300 | HMY | HARMONY GOLD MINING CO LTD | $254,266 | 0.03% | 17,215 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $192,500 | 0.02% | 5,000 | PUT | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $63,000 | 0.01% | 5,000 | PUT | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $39,060 | 0.00% | 4,200 | PUT | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $34,160 | 0.00% | 5,600 | PUT | SOLE |
| 031162100 | AMGN | AMGEN INC | $30,070 | 0.00% | 3,100 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $16,050 | 0.00% | 15,000 | PUT | SOLE |
| 053332102 | AZO | AUTOZONE INC | $12,090 | 0.00% | 100 | PUT | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.