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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
-4.39%
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
$910M
AUM Growth
+$44M
Cap. Flow
+$106M
Cap. Flow %
11.62%
Top 10 Hldgs %
77.82%
Holding
37
New
4
Increased
12
Reduced
9
Closed
1

Top Buys

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$36.7M
2
HMY icon
Harmony Gold Mining
HMY
+$30.5M
3
CS
Credit Suisse Group
CS
+$26.8M
4
SWN
Southwestern Energy Company
SWN
+$21.3M
5
RGLD icon
Royal Gold
RGLD
+$18.9M

Top Sells

Rank Stock Value
1
CCJ icon
Cameco
CCJ
+$38M
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$30M
3
IAG icon
IAMGOLD
IAG
+$7.48M
4
TEN
Tsakos Energy Navigation Ltd
TEN
+$5.91M
5
NG icon
NovaGold Resources
NG
+$4.55M

Sector Composition

Rank Sector Weight
1 Materials 48.94%
2 Energy 25.98%
3 Communication Services 11.3%
4 Industrials 2.61%
5 Financials 2.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRQ
1
DELISTED
Turquoise Hill Resources Ltd
TRQ
$115M 12.63%
3,887,467
-1,100,643
-22% -$30M
KT icon
2
KT
KT
$8.8B
$97.7M 10.74%
7,995,289
-8,353
-0.1% -$115K
SWN
3
DELISTED
Southwestern Energy Company
SWN
$80.2M 8.81%
13,098,562
+3,084,325
+31% +$21.3M
RRC icon
4
Range Resources
RRC
$9.07B
$74.2M 8.15%
2,935,935
+442,543
+18% +$13.4M
CCJ icon
5
Cameco
CCJ
$41.1B
$71.7M 7.88%
2,704,876
-1,485,848
-35% -$38M
RGLD icon
6
Royal Gold
RGLD
$18.1B
$69M 7.59%
735,963
+191,036
+35% +$18.9M
HMY icon
7
Harmony Gold Mining
HMY
$11.1B
$62.7M 6.89%
25,789,898
+10,543,611
+69% +$30.5M
WPM icon
8
Wheaton Precious Metals
WPM
$56.2B
$61.2M 6.72%
1,890,371
-120,460
-6% -$3.96M
SA
9
Seabridge Gold
SA
$3.09B
$41.4M 4.55%
3,491,316
+809,971
+30% +$10.3M
GDX icon
10
VanEck Gold Miners ETF
GDX
$25.3B
$35M 3.85%
+1,451,668
New +$36.7M
NG icon
11
NovaGold Resources
NG
$3B
$31.9M 3.51%
6,809,288
-982,453
-13% -$4.55M
IAG icon
12
IAMGOLD
IAG
$9.07B
$25.5M 2.8%
23,803,241
-5,611,511
-19% -$7.48M
SII
13
Sprott
SII
$2.86B
$20.9M 2.3%
622,482
– –
CS
14
DELISTED
Credit Suisse Group
CS
$20M 2.19%
5,092,833
+5,081,229
+43,789% +$26.8M
AL
15
DELISTED
Air Lease Corp
AL
$14M 1.54%
453,050
+175,640
+63% +$6.28M
SABR icon
16
Sabre
SABR
$854M
$12.4M 1.37%
2,416,857
+1,638,446
+210% +$10.9M
KEP icon
17
Korea Electric Power
KEP
$16B
$11.3M 1.24%
1,660,792
+39,326
+2% +$309K
PPTA
18
Perpetua Resources
PPTA
$2.83B
$10.6M 1.17%
5,250,591
– –
TEN
19
Tsakos Energy Navigation Ltd
TEN
$1.18B
$10.4M 1.14%
679,433
-423,400
-38% -$5.91M
IE icon
20
Ivanhoe Electric
IE
$1.71B
$9.18M 1.01%
+1,112,276
New +$10.2M
NAK
21
Northern Dynasty Minerals
NAK
$913M
$7.78M 0.85%
31,856,624
– –
HY icon
22
Hyster-Yale Materials Handling
HY
$684M
$7.46M 0.82%
347,054
+200,804
+137% +$6.26M
THM
23
International Tower Hill Mines
THM
$544M
$7.27M 0.8%
14,047,222
– –
VEON icon
24
VEON
VEON
$3.89B
$5.13M 0.56%
640,730
– –
NGD
25
DELISTED
New Gold Inc
NGD
$2.6M 0.29%
+2,959,596
New +$2.34M
1
2

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WIM
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LCG
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CCM
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Kopernik Global Investors's Q3 2022 Portfolio in Review

As of Q3 2022, Kopernik Global Investors held 37 positions worth $910M, up 5.1% from $866M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Kopernik Global Investors deployed $106M of net new capital in Q3 2022, opening 4 new positions and adding to 12 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 1,451,668 shares worth $35M.

By sector, the portfolio is most concentrated in Materials at 49% of assets, down from 54% a quarter earlier, followed by Energy and Communication Services.

On the sell side, the largest reduction was Cameco, an estimated $38M trimmed.

  • Kopernik Global Investors's largest Q3 2022 buy was VanEck Gold Miners ETF: 1,451,668 shares worth $35M.
  • Kopernik Global Investors added most to Harmony Gold Mining in Q3 2022, an estimated $30.5M increase.
  • Kopernik Global Investors's biggest Q3 2022 reduction was Cameco, cutting an estimated $38M.
  • Kopernik Global Investors's ten largest holdings make up 78% of its $910M portfolio in Q3 2022.
  • Kopernik Global Investors opened 4 new positions and closed 1 in Q3 2022.
  • Kopernik Global Investors's portfolio value rose 5.1% quarter-over-quarter to $910M.

Based on Kopernik Global Investors's 13F filing for Q3 2022, filed 14 Nov 2022.