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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
+5.84%
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
$953M
AUM Growth
-$12.2M
Cap. Flow
-$71.3M
Cap. Flow %
-7.48%
Top 10 Hldgs %
86.5%
Holding
35
New
1
Increased
6
Reduced
11
Closed
6

Top Buys

Rank Stock Value
1
NEM icon
Newmont
NEM
+$52.5M
2
NG icon
NovaGold Resources
NG
+$8.37M
3
B
Barrick Mining
B
+$4.73M
4
SA
Seabridge Gold
SA
+$763K
5
BABA icon
Alibaba
BABA
+$504K

Top Sells

Rank Stock Value
1
HMY icon
Harmony Gold Mining
HMY
+$67.5M
2
KT icon
KT
KT
+$25.5M
3
SWN
Southwestern Energy Company
SWN
+$18M
4
SKYW icon
Skywest
SKYW
+$7.37M
5
WPM icon
Wheaton Precious Metals
WPM
+$6.13M

Sector Composition

Rank Sector Weight
1 Materials 54.89%
2 Energy 25.21%
3 Communication Services 12.37%
4 Industrials 3.45%
5 Consumer Discretionary 2.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWN
1
DELISTED
Southwestern Energy Company
SWN
$139M 14.6%
18,362,209
-2,645,168
-13% -$18M
KT icon
2
KT
KT
$8.83B
$118M 12.37%
8,410,222
-1,846,400
-18% -$25.5M
WPM icon
3
Wheaton Precious Metals
WPM
$56.9B
$113M 11.84%
2,395,326
-135,793
-5% -$6.13M
RRC icon
4
Range Resources
RRC
$9.01B
$101M 10.61%
2,937,872
-168,646
-5% -$5.21M
NEM icon
5
Newmont
NEM
$111B
$84.5M 8.86%
2,357,388
+1,522,134
+182% +$52.5M
RGLD icon
6
Royal Gold
RGLD
$18.5B
$81.8M 8.58%
671,723
– –
B
7
Barrick Mining
B
$69.3B
$50.1M 5.25%
3,010,705
+302,255
+11% +$4.73M
SA
8
Seabridge Gold
SA
$3.12B
$49.2M 5.16%
3,254,808
+65,504
+2% +$763K
HMY icon
9
Harmony Gold Mining
HMY
$11.3B
$46.2M 4.85%
5,655,522
-10,571,790
-65% -$67.5M
NG icon
10
NovaGold Resources
NG
$3.03B
$41.7M 4.37%
13,898,236
+2,972,041
+27% +$8.37M
BABA icon
11
Alibaba
BABA
$304B
$25.9M 2.71%
357,683
+6,881
+2% +$504K
PPTA
12
Perpetua Resources
PPTA
$2.86B
$21.8M 2.29%
5,250,591
– –
AL
13
DELISTED
Air Lease Corp
AL
$13.9M 1.45%
269,465
– –
SAND
14
DELISTED
Sandstorm Gold
SAND
$12.7M 1.33%
2,420,021
– –
KEP icon
15
Korea Electric Power
KEP
$16B
$12.4M 1.3%
1,484,093
– –
SKYW icon
16
Skywest
SKYW
$4.4B
$12M 1.26%
174,226
-124,293
-42% -$7.37M
NAK
17
Northern Dynasty Minerals
NAK
$919M
$10.2M 1.07%
32,070,691
– –
THM
18
International Tower Hill Mines
THM
$552M
$9.63M 1.01%
13,966,430
-80,792
-0.6% -$48.1K
CRESY
19
Cresud
CRESY
$766M
$6.96M 0.73%
785,483
– –
VGZ icon
20
Vista Gold
VGZ
$296M
$1.98M 0.21%
3,497,542
+75,981
+2% +$31.2K
IE icon
21
Ivanhoe Electric
IE
$1.69B
$516K 0.05%
52,673
-20,882
-28% -$180K
IRS
22
IRSA Inversiones y Representaciones
IRS
$1.25B
$271K 0.03%
30,034
– –
SLV icon
23
CALL
iShares Silver Trust
SLV
$29.8B
$174K 0.02%
211,300
-126,800
-38% -$2.71M
NVDA icon
24
PUT
NVIDIA
NVDA
$5.3T
$139K 0.01%
+15,000
New +$1.09M
AMGN icon
25
PUT
Amgen
AMGN
$219B
$71.9K 0.01%
3,100
– –
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 Q1 2024 Portfolio in Review

As of Q1 2024, Kopernik Global Investors held 35 positions worth $953M, down 1.3% from $966M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Kopernik Global Investors withdrew a net $71.3M in Q1 2024, closing 6 positions and reducing 11 holdings. Its most notable exit was AerCap, an estimated $3.88M position sold in full.

By sector, the portfolio is most concentrated in Materials at 55% of assets, up from 54% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Kopernik Global Investors added an estimated $52.5M to Newmont.

  • Kopernik Global Investors added most to Newmont in Q1 2024, an estimated $52.5M increase.
  • Kopernik Global Investors's biggest Q1 2024 reduction was Harmony Gold Mining, cutting an estimated $67.5M.
  • Kopernik Global Investors fully exited AerCap in Q1 2024, selling an estimated $3.88M.
  • Kopernik Global Investors's ten largest holdings make up 86% of its $953M portfolio in Q1 2024.
  • Kopernik Global Investors opened 1 new position and closed 6 in Q1 2024.
  • Kopernik Global Investors's portfolio value fell 1.3% quarter-over-quarter to $953M.

Based on Kopernik Global Investors's 13F filing for Q1 2024, filed 15 May 2024.