Q3 2025 · 13F-HR
Kopernik Global Investors, LLCholdings as filed
Filed 2025-11-14 · accession 0001599814-25-000011
$1.23B
Reported value
28
Positions
2025-09-30
Period end
The Brief · Kopernik Global Investors, LLC · Q3 2025
AI · grounded in 13F
Kopernik Global Investors, LLC established a new position in Seabridge Gold Inc SA valued at $167.8M. The fund also initiated new stakes in Range Res Corp RRC for $166.4M and NovaGold Res Inc NG for $115.6M. Other new additions include Barrick Mng Corp B and KT Corp KT.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 811916105 | SA | SEABRIDGE GOLD INC | $167.8M | 13.7% | 6,946,666 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $166.4M | 13.6% | 4,420,608 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RES INC | $115.6M | 9.42% | 13,137,577 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $100.2M | 8.16% | 3,057,390 | Common | SOLE |
| 48268K101 | KT | KT CORP | $88.8M | 7.24% | 4,555,448 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $80.5M | 6.56% | 2,256,881 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $78.4M | 6.39% | 738,047 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $74.4M | 6.06% | 1,266,600 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $65.6M | 5.35% | 1,909,788 | Common | SOLE |
| 354613101 | BEN | FRANKLIN RESOURCES INC | $63.3M | 5.16% | 2,735,624 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $34.9M | 2.85% | 812,944 | Common | SOLE |
| 226406106 | CRESY | CRESUD S A C I F Y A | $34.3M | 2.79% | 3,727,790 | Common | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $26.0M | 2.12% | 21,661,178 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $23.7M | 1.93% | 14,448,418 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $23.3M | 1.90% | 116,065 | Common | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $19.9M | 1.62% | 1,586,602 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $18.1M | 1.48% | 285,013 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $16.8M | 1.37% | 1,335,985 | Common | SOLE |
| G1466R173 | BORR | BORR DRILLING LTD | $13.4M | 1.09% | 4,983,672 | Common | SOLE |
| 927926303 | VGZ | VISTA GOLD CORP | $6.7M | 0.54% | 3,129,347 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $4.1M | 0.33% | 48,516 | Common | SOLE |
| 500631106 | KEP | KOREA ELEC PWR CORP | $3.5M | 0.29% | 268,151 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $1.3M | 0.10% | 141,400 | CALL | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $113,120 | 0.01% | 5,600 | PUT | SOLE |
| 037833100 | AAPL | APPLE INC | $112,500 | 0.01% | 5,000 | PUT | SOLE |
| 053332102 | AZO | AUTOZONE INC | $76,000 | 0.01% | 400 | PUT | SOLE |
| 031162100 | AMGN | AMGEN INC | $21,390 | 0.00% | 3,100 | PUT | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $4,200 | 0.00% | 4,200 | 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.