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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
+14.34%
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
$966M
AUM Growth
+$104M
Cap. Flow
+$1.59M
Cap. Flow %
0.16%
Top 10 Hldgs %
86.89%
Holding
37
New
3
Increased
8
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$28M
2
NEM icon
Newmont
NEM
+$18.6M
3
RGLD icon
Royal Gold
RGLD
+$8.32M
4
CRESY
Cresud
CRESY
+$6.42M
5
SA
Seabridge Gold
SA
+$5.3M

Top Sells

Rank Stock Value
1
IAG icon
IAMGOLD
IAG
+$38.4M
2
CCJ icon
Cameco
CCJ
+$15.6M
3
HMY icon
Harmony Gold Mining
HMY
+$10.7M
4
KT icon
KT
KT
+$2.17M
5
WPM icon
Wheaton Precious Metals
WPM
+$1.86M

Sector Composition

Rank Sector Weight
1 Materials 53.72%
2 Energy 24.04%
3 Communication Services 14.28%
4 Industrials 3.95%
5 Consumer Discretionary 2.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KT icon
1
KT
KT
$8.83B
$138M 14.28%
10,256,622
-169,219
-2% -$2.17M
SWN
2
DELISTED
Southwestern Energy Company
SWN
$138M 14.25%
21,007,377
+143,007
+0.7% +$955K
WPM icon
3
Wheaton Precious Metals
WPM
$56.2B
$125M 12.93%
2,531,119
-41,067
-2% -$1.86M
HMY icon
4
Harmony Gold Mining
HMY
$11.3B
$99.8M 10.33%
16,227,312
-2,038,725
-11% -$10.7M
RRC icon
5
Range Resources
RRC
$9.03B
$94.6M 9.79%
3,106,518
+82,095
+3% +$2.69M
RGLD icon
6
Royal Gold
RGLD
$18.4B
$81.3M 8.41%
671,723
+73,642
+12% +$8.32M
B
7
Barrick Mining
B
$69.2B
$49M 5.07%
2,708,450
+67,001
+3% +$1.1M
NG icon
8
NovaGold Resources
NG
$3.02B
$40.9M 4.23%
10,926,195
+705,343
+7% +$2.65M
SA
9
Seabridge Gold
SA
$3.14B
$38.7M 4.01%
3,189,304
+460,895
+17% +$5.3M
NEM icon
10
Newmont
NEM
$111B
$34.6M 3.58%
835,254
+480,641
+136% +$18.6M
BABA icon
11
Alibaba
BABA
$303B
$27.2M 2.82%
+350,802
New +$28M
PPTA
12
Perpetua Resources
PPTA
$2.87B
$16.6M 1.72%
5,250,591
– –
SKYW icon
13
Skywest
SKYW
$4.51B
$15.6M 1.61%
298,519
-1,183
-0.4% -$53.2K
SAND
14
DELISTED
Sandstorm Gold
SAND
$12.2M 1.26%
2,420,021
+3,526
+0.1% +$16.8K
AL
15
DELISTED
Air Lease Corp
AL
$11.3M 1.17%
269,465
-800
-0.3% -$30.3K
KEP icon
16
Korea Electric Power
KEP
$16B
$10.8M 1.11%
1,484,093
-101,457
-6% -$685K
NAK
17
Northern Dynasty Minerals
NAK
$936M
$10.4M 1.07%
32,070,691
– –
THM
18
International Tower Hill Mines
THM
$557M
$8.22M 0.85%
14,047,222
– –
CRESY
19
Cresud
CRESY
$789M
$7.38M 0.76%
+785,483
New +$6.42M
AER icon
20
AerCap
AER
$24.5B
$3.88M 0.4%
52,267
– –
VGZ icon
21
Vista Gold
VGZ
$292M
$1.55M 0.16%
3,421,561
– –
IE icon
22
Ivanhoe Electric
IE
$1.71B
$741K 0.08%
73,555
-130,449
-64% -$1.38M
IRS
23
IRSA Inversiones y Representaciones
IRS
$1.26B
$249K 0.03%
+30,034
New +$213K
LLY icon
24
PUT
Eli Lilly
LLY
$1.06T
$168K 0.02%
2,300
– –
SLV icon
25
CALL
iShares Silver Trust
SLV
$29.7B
$164K 0.02%
338,100
-78,900
-19% -$1.68M
1
2

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Kopernik Global Investors's Q4 2023 Portfolio in Review

As of Q4 2023, Kopernik Global Investors held 37 positions worth $966M, up 12% from $861M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Kopernik Global Investors's Q4 2023 filing shows 3 new, 8 increased, 8 reduced and 3 closed positions. Its largest new stake was Alibaba: 350,802 shares worth $27.2M. The largest sale was IAMGOLD, an estimated $38.4M.

By sector, the portfolio is most concentrated in Materials at 54% of assets, up from 51% a quarter earlier, followed by Energy and Communication Services.

  • Kopernik Global Investors's largest Q4 2023 buy was Alibaba: 350,802 shares worth $27.2M.
  • Kopernik Global Investors added most to Newmont in Q4 2023, an estimated $18.6M increase.
  • Kopernik Global Investors's biggest Q4 2023 reduction was Harmony Gold Mining, cutting an estimated $10.7M.
  • Kopernik Global Investors fully exited IAMGOLD in Q4 2023, selling an estimated $38.4M.
  • Kopernik Global Investors's ten largest holdings make up 87% of its $966M portfolio in Q4 2023.
  • Kopernik Global Investors opened 3 new positions and closed 3 in Q4 2023.
  • Kopernik Global Investors's portfolio value rose 12% quarter-over-quarter to $966M.

Based on Kopernik Global Investors's 13F filing for Q4 2023, filed 12 Feb 2024.