Q2 2025 · 13F-HR
Kopernik Global Investors, LLCholdings as filed
Filed 2025-08-14 · accession 0001599814-25-000007
$910.8M
Reported value
28
Positions
2025-06-30
Period end
The Brief · Kopernik Global Investors, LLC · Q2 2025
AI · grounded in 13F
Kopernik Global Investors, LLC established a new position in Range Res Corp RRC valued at $114.3M. The fund also initiated new stakes in Seabridge Gold Inc SA for $107.2M and Barrick Mng Corp B for $106.8M. Other new additions include KT Corp KT at $88.9M and NovaGold Res Inc NG at $78.2M. Total assets under management stand at $910.8M across 27 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 75281A109 | RRC | RANGE RES CORP | $114.3M | 12.5% | 2,809,804 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $107.2M | 11.8% | 7,382,606 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $106.8M | 11.7% | 5,128,287 | Common | SOLE |
| 48268K101 | KT | KT CORP | $88.9M | 9.76% | 4,276,464 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RES INC | $78.2M | 8.58% | 19,115,209 | Common | SOLE |
| 354613101 | BEN | FRANKLIN RESOURCES INC | $67.8M | 7.45% | 2,843,849 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $65.0M | 7.13% | 1,842,113 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $61.1M | 6.71% | 522,716 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $33.4M | 3.67% | 573,644 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $31.0M | 3.40% | 3,412,561 | Common | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $26.4M | 2.89% | 19,666,067 | Common | SOLE |
| 226406106 | CRESY | CRESUD S A C I F Y A | $25.7M | 2.83% | 2,392,876 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $16.8M | 1.84% | 286,682 | Common | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $15.1M | 1.65% | 1,603,160 | Common | SOLE |
| 023939101 | AMTM | AMENTUM HOLDINGS INC | $15.0M | 1.65% | 636,226 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $14.4M | 1.58% | 81,083 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $12.4M | 1.36% | 14,448,418 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $12.2M | 1.34% | 1,760,522 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $10.5M | 1.16% | 180,570 | Common | SOLE |
| 500631106 | KEP | KOREA ELEC PWR CORP | $3.8M | 0.42% | 268,151 | Common | SOLE |
| 927926303 | VGZ | VISTA GOLD CORP | $3.7M | 0.41% | 3,830,394 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $398,806 | 0.04% | 12,155 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $359,156 | 0.04% | 141,400 | CALL | SOLE |
| 037833100 | AAPL | APPLE INC | $247,250 | 0.03% | 5,000 | PUT | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $62,370 | 0.01% | 4,200 | PUT | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $49,280 | 0.01% | 5,600 | PUT | SOLE |
| 031162100 | AMGN | AMGEN INC | $41,075 | 0.00% | 3,100 | PUT | SOLE |
| 053332102 | AZO | AUTOZONE INC | $10,060 | 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.