Q1 2026 · 13F-HR
Kopernik Global Investors, LLCholdings as filed
Filed 2026-05-13 · accession 0001599814-26-000003
$1.43B
Reported value
31
Positions
2026-03-31
Period end
The Brief · Kopernik Global Investors, LLC · Q1 2026
AI · grounded in 13F
Kopernik Global Investors, LLC closed its position in SLB for a reduction of $50.1M. The fund established new positions in WY for $46.5M, RYN for $45.1M, and CNXC for $44.5M. Additionally, the fund increased its stake in VGZ by 461.6% and trimmed its holding in NEM by 96.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 811916105 | SA | SEABRIDGE GOLD INC | $207.8M | 14.5% | 7,332,863 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $189.2M | 13.2% | 4,188,614 | Common | SOLE |
| 48268K101 | KT | KT CORP | $114.2M | 7.97% | 5,321,922 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $107.4M | 7.50% | 1,423,780 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $89.3M | 6.24% | 813,632 | Common | SOLE |
| 354613101 | BEN | FRANKLIN RESOURCES INC | $83.2M | 5.81% | 3,522,587 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $82.4M | 5.75% | 2,517,106 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RESOURCES INC | $58.5M | 4.08% | 6,511,729 | Common | SOLE |
| 226406106 | CRESY | CRESUD S A C I F Y A | $56.2M | 3.92% | 4,415,543 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO | $46.5M | 3.25% | 1,904,591 | Common | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $45.7M | 3.19% | 32,655,846 | Common | SOLE |
| 754907103 | RYN | RAYONIER INC | $45.1M | 3.15% | 2,186,503 | Common | SOLE |
| 20602D101 | CNXC | CONCENTRIX CORP | $44.5M | 3.11% | 1,627,306 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $40.6M | 2.83% | 17,650,432 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $38.9M | 2.72% | 291,941 | Common | SOLE |
| 653656108 | NICE | NICE LTD | $27.7M | 1.93% | 250,948 | Common | SOLE |
| 927926303 | VGZ | VISTA GOLD CORP | $27.1M | 1.90% | 13,852,010 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $22.8M | 1.60% | 560,044 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $21.9M | 1.53% | 86,159 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $21.1M | 1.47% | 1,784,170 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $19.7M | 1.37% | 113,385 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $18.6M | 1.30% | 649,213 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $18.0M | 1.26% | 277,612 | Common | SOLE |
| 500631106 | KEP | KOREA ELEC PWR CORP | $3.0M | 0.21% | 207,140 | Common | SOLE |
| 450047303 | IRS | IRSA INVERSIONES Y REP S A | $1.4M | 0.10% | 85,363 | Common | SOLE |
| 72765Q882 | PLG | PLATINUM GROUP METALS LTD | $634,885 | 0.04% | 358,692 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $222,600 | 0.02% | 400 | PUT | SOLE |
| 037833100 | AAPL | APPLE INC | $112,500 | 0.01% | 5,000 | PUT | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $105,340 | 0.01% | 4,600 | PUT | SOLE |
| 651639106 | NEM | NEWMONT CORP | $82,378 | 0.01% | 761 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $75,096 | 0.01% | 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.