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KGI

Kopernik Global Investors Portfolio holdings

AUM $1.43B
1-Year Est. Return 63.57%
This Fund
S&P 500
This Quarter Est. Return
+16.68%
1 Year Est. Return
+63.57%
3 Year Est. Return
+151.94%
5 Year Est. Return
+287.31%
10 Year Est. Return
+695.98%
AUM
$911M
AUM Growth
-$54M
Cap. Flow
-$174M
Cap. Flow %
-19.11%
Top 10 Hldgs %
82.74%
Holding
33
New
2
Increased
8
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
SQM icon
Sociedad Química y Minera de Chile
SQM
+$10.9M
2
NXE icon
NexGen Energy
NXE
+$9.94M
3
BEN icon
Franklin Resources
BEN
+$8.41M
4
CRESY
Cresud
CRESY
+$4.47M
5
NG icon
NovaGold Resources
NG
+$1.96M

Top Sells

Rank Stock Value
1
WPM icon
Wheaton Precious Metals
WPM
+$53.8M
2
KT icon
KT
KT
+$38.7M
3
RGLD icon
Royal Gold
RGLD
+$38.2M
4
EXE
Expand Energy Corp
EXE
+$38.1M
5
NEM icon
Newmont
NEM
+$12.1M

Sector Composition

Rank Sector Weight
1 Materials 55.33%
2 Energy 20.6%
3 Communication Services 9.76%
4 Financials 7.45%
5 Industrials 6.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAYX icon
26
PUT
Paychex
PAYX
$43.1B
$49.3K 0.01%
5,600
– –
AMGN icon
27
PUT
Amgen
AMGN
$224B
$41.1K ﹤0.01%
3,100
– –
AZO icon
28
PUT
AutoZone
AZO
$50.3B
$10.1K ﹤0.01%
100
– –
CMG icon
29
PUT
Chipotle Mexican Grill
CMG
$40.4B
– –
-5,000
Closed -$63K
HMY icon
30
Harmony Gold Mining
HMY
$12.2B
– –
-17,215
Closed -$254K
NVDA icon
31
PUT
NVIDIA
NVDA
$5.32T
– –
-15,000
Closed -$16.1K
PPTA
32
Perpetua Resources
PPTA
$3.13B
– –
-1,104,398
Closed -$11.8M
WPM icon
33
Wheaton Precious Metals
WPM
$61.1B
– –
-692,499
Closed -$53.8M
1
2

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CCM
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SCA
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Kopernik Global Investors's Q2 2025 Portfolio in Review

As of Q2 2025, Kopernik Global Investors held 33 positions worth $911M, down 5.6% from $965M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Kopernik Global Investors withdrew a net $174M in Q2 2025, closing 5 positions and reducing 11 holdings. Its most notable exit was Wheaton Precious Metals, an estimated $53.8M position sold in full.

By sector, the portfolio is most concentrated in Materials at 55% of assets, up from 55% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Kopernik Global Investors opened a new position in NexGen Energy worth $12.2M.

  • Kopernik Global Investors's largest Q2 2025 buy was NexGen Energy: 1,760,522 shares worth $12.2M.
  • Kopernik Global Investors added most to Sociedad Química y Minera de Chile in Q2 2025, an estimated $10.9M increase.
  • Kopernik Global Investors's biggest Q2 2025 reduction was KT, cutting an estimated $38.7M.
  • Kopernik Global Investors fully exited Wheaton Precious Metals in Q2 2025, selling an estimated $53.8M.
  • Kopernik Global Investors's ten largest holdings make up 83% of its $911M portfolio in Q2 2025.
  • Kopernik Global Investors opened 2 new positions and closed 5 in Q2 2025.
  • Kopernik Global Investors's portfolio value fell 5.6% quarter-over-quarter to $911M.

Based on Kopernik Global Investors's 13F filing for Q2 2025, filed 14 Aug 2025.