Kopernik Global Investors, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| CENTENE CORP DEL(CNC) | 0 | 2,256,881 | +2,256,881 | 0 | 80,525,514 | 6.57% | +80,525,514 |
| SCHLUMBERGER LTD(SLB) | 0 | 1,909,788 | +1,909,788 | 0 | 65,639,414 | 5.36% | +65,639,414 |
| SEABRIDGE GOLD INC(SA) | 7,382,606 | 6,946,666 | -435,940 | 107,195,439 | 167,761,984 | 13.69% | +60,566,545 |
| RANGE RES CORP(RRC) | 2,809,804 | 4,420,608 | +1,610,804 | 114,274,729 | 166,391,685 | 13.58% | +52,116,956 |
| NUTRIEN LTD(NTR) | 573,644 | 1,266,600 | +692,956 | 33,409,027 | 74,362,086 | 6.07% | +40,953,059 |
| NOVAGOLD RES INC | 19,115,209 | 13,137,577 | -5,977,632 | 78,181,205 | 115,610,678 | 9.43% | +37,429,473 |
| EXPAND ENERGY CORPORATION(EXE) | 522,716 | 738,047 | +215,331 | 61,126,409 | 78,410,113 | 6.40% | +17,283,704 |
| BORR DRILLING LTD(BORR) | 0 | 4,983,672 | +4,983,672 | 0 | 13,406,078 | 1.09% | +13,406,078 |
| INTERNATIONAL TOWER HILL MIN | 14,448,418 | 14,448,418 | 0 | 12,360,622 | 23,695,406 | 1.93% | +11,334,784 |
| ROYAL GOLD INC(RGLD) | 81,083 | 116,065 | +34,982 | 14,419,801 | 23,280,318 | 1.90% | +8,860,517 |
| CRESUD S A C I F Y A | 2,392,876 | 3,727,790 | +1,334,914 | 25,747,346 | 34,295,668 | 2.80% | +8,548,322 |
| SANDSTORM GOLD LTD | 1,603,160 | 1,586,602 | -16,558 | 15,069,704 | 19,864,257 | 1.62% | +4,794,553 |
| VISTA GOLD CORP | 3,830,394 | 3,129,347 | -701,047 | 3,738,082 | 6,665,509 | 0.54% | +2,927,427 |
| AIR LEASE CORP | 286,682 | 285,013 | -1,669 | 16,768,030 | 18,141,077 | 1.48% | +1,373,047 |
| ISHARES SILVER TR(SLV)(Call) | 141,400 | 141,400 | 0 | 359,156 | 1,286,740 | — | +927,584 |
| AUTOZONE INC(AZO)(Put) | 100 | 400 | +300 | 10,060 | 76,000 | — | +65,940 |
| PAYCHEX INC(PAYX)(Put) | 5,600 | 5,600 | 0 | 49,280 | 113,120 | — | +63,840 |
| AMGEN INC(AMGN)(Put) | 3,100 | 3,100 | 0 | 41,075 | 21,390 | — | -19,685 |
| KT CORP(KT) | 4,276,464 | 4,555,448 | +278,984 | 88,864,922 | 88,831,236 | 7.25% | -33,686 |
| ABBVIE INC(ABBV)(Put) | 4,200 | 4,200 | 0 | 62,370 | 4,200 | — | -58,170 |
| APPLE INC(AAPL)(Put) | 5,000 | 5,000 | 0 | 247,250 | 112,500 | — | -134,750 |
| KOREA ELEC PWR CORP(KEP) | 268,151 | 268,151 | 0 | 3,818,470 | 3,499,371 | 0.29% | -319,099 |
| NORTHERN DYNASTY MINERALS LT(NAK) | 19,666,067 | 21,661,178 | +1,995,111 | 26,352,530 | 25,993,414 | 2.12% | -359,116 |
| ISHARES SILVER TR(SLV) | 12,155 | 0 | -12,155 | 398,806 | 0 | — | -398,806 |
| FRANKLIN RESOURCES INC(BEN) | 2,843,849 | 2,735,624 | -108,225 | 67,825,799 | 63,274,983 | 5.16% | -4,550,816 |
| NEWMONT CORP(NEM) | 180,570 | 48,516 | -132,054 | 10,520,008 | 4,090,384 | 0.33% | -6,429,624 |
| BARRICK MNG CORP(B) | 5,128,287 | 3,057,390 | -2,070,897 | 106,770,935 | 100,190,670 | 8.17% | -6,580,265 |
| NEXGEN ENERGY LTD(NXE) | 1,760,522 | 0 | -1,760,522 | 12,218,023 | 0 | — | -12,218,023 |
| IVANHOE ELECTRIC INC(IE) | 3,412,561 | 1,335,985 | -2,076,576 | 30,951,928 | 16,766,612 | 1.37% | -14,185,316 |
| AMENTUM HOLDINGS INC | 636,226 | 0 | -636,226 | 15,021,296 | 0 | — | -15,021,296 |
| SOCIEDAD QUIMICA Y MINERA DE(SQM) | 1,842,113 | 812,944 | -1,029,169 | 64,971,326 | 34,940,333 | 2.85% | -30,030,993 |