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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
-0.36%
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
$888M
AUM Growth
-$65.9M
Cap. Flow
-$76.4M
Cap. Flow %
-8.61%
Top 10 Hldgs %
83.04%
Holding
32
New
3
Increased
4
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$38.2M
2
ALTM
Arcadium Lithium plc
ALTM
+$35.2M
3
SQM icon
Sociedad Química y Minera de Chile
SQM
+$29.6M
4
KT icon
KT
KT
+$12M
5
NG icon
NovaGold Resources
NG
+$10.2M

Top Sells

Rank Stock Value
1
NEM icon
Newmont
NEM
+$70.6M
2
WPM icon
Wheaton Precious Metals
WPM
+$43.8M
3
HMY icon
Harmony Gold Mining
HMY
+$24.4M
4
RRC icon
Range Resources
RRC
+$23.8M
5
AL
Air Lease Corp
AL
+$13.9M

Sector Composition

Rank Sector Weight
1 Materials 58.46%
2 Energy 22.47%
3 Communication Services 14.35%
4 Consumer Discretionary 2.74%
5 Utilities 1.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KT icon
1
KT
KT
$8.62B
$127M 14.35%
9,319,404
+909,182
+11% +$12M
SWN
2
DELISTED
Southwestern Energy Company
SWN
$123M 13.87%
18,294,597
-67,612
-0.4% -$494K
B
3
Barrick Mining
B
$61.5B
$87.8M 9.89%
5,263,236
+2,252,531
+75% +$38.2M
WPM icon
4
Wheaton Precious Metals
WPM
$49.5B
$82.6M 9.31%
1,576,018
-819,308
-34% -$43.8M
RGLD icon
5
Royal Gold
RGLD
$16.8B
$81.2M 9.15%
648,666
-23,057
-3% -$2.88M
RRC icon
6
Range Resources
RRC
$9.38B
$76.3M 8.6%
2,276,052
-661,820
-23% -$23.8M
NG icon
7
NovaGold Resources
NG
$2.56B
$58.8M 6.62%
16,985,894
+3,087,658
+22% +$10.2M
SA
8
Seabridge Gold
SA
$2.78B
$44.6M 5.02%
3,254,808
– –
ALTM
9
DELISTED
Arcadium Lithium plc
ALTM
$28.3M 3.19%
+8,427,453
New +$35.2M
HMY icon
10
Harmony Gold Mining
HMY
$9.84B
$26.9M 3.03%
2,933,890
-2,721,632
-48% -$24.4M
NEM icon
11
Newmont
NEM
$98.7B
$26.4M 2.97%
630,413
-1,726,975
-73% -$70.6M
PPTA
12
Perpetua Resources
PPTA
$2.3B
$26.3M 2.97%
5,062,707
-187,884
-4% -$1.12M
SQM icon
13
Sociedad Química y Minera de Chile
SQM
$19.2B
$26.1M 2.94%
+640,997
New +$29.6M
BABA icon
14
Alibaba
BABA
$293B
$24.3M 2.74%
338,147
-19,536
-5% -$1.5M
SAND
15
DELISTED
Sandstorm Gold
SAND
$10.8M 1.22%
1,984,811
-435,210
-18% -$2.41M
KEP icon
16
Korea Electric Power
KEP
$15.3B
$10.5M 1.19%
1,484,093
– –
NAK
17
Northern Dynasty Minerals
NAK
$784M
$9.96M 1.12%
32,070,691
– –
THM
18
International Tower Hill Mines
THM
$458M
$6.9M 0.78%
13,949,307
-17,123
-0.1% -$10.8K
CRESY
19
Cresud
CRESY
$795M
$6.4M 0.72%
785,483
– –
VGZ icon
20
Vista Gold
VGZ
$251M
$1.83M 0.21%
3,942,622
+445,080
+13% +$231K
IE icon
21
Ivanhoe Electric
IE
$1.45B
$369K 0.04%
39,317
-13,356
-25% -$142K
IRS
22
IRSA Inversiones y Representaciones
IRS
$1.29B
$260K 0.03%
30,034
– –
SLV icon
23
CALL
iShares Silver Trust
SLV
$28B
$110K 0.01%
33,700
-177,600
-84% -$4.67M
NVDA icon
24
PUT
NVIDIA
NVDA
$4.86T
$52.5K 0.01%
15,000
– –
CMG icon
25
PUT
Chipotle Mexican Grill
CMG
$47.2B
$46K 0.01%
+10,000
New +$621K
1
2

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WIM
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LCG
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CCM
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SMA
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SCA
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Kopernik Global Investors's Q2 2024 Portfolio in Review

As of Q2 2024, Kopernik Global Investors held 32 positions worth $888M, down 6.9% from $953M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Kopernik Global Investors withdrew a net $76.4M in Q2 2024, closing 2 positions and reducing 13 holdings. Its most notable exit was Air Lease Corp, an estimated $13.9M position sold in full.

By sector, the portfolio is most concentrated in Materials at 58% 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 Arcadium Lithium plc worth $28.3M.

  • Kopernik Global Investors's largest Q2 2024 buy was Arcadium Lithium plc: 8,427,453 shares worth $28.3M.
  • Kopernik Global Investors added most to Barrick Mining in Q2 2024, an estimated $38.2M increase.
  • Kopernik Global Investors's biggest Q2 2024 reduction was Newmont, cutting an estimated $70.6M.
  • Kopernik Global Investors fully exited Air Lease Corp in Q2 2024, selling an estimated $13.9M.
  • Kopernik Global Investors's ten largest holdings make up 83% of its $888M portfolio in Q2 2024.
  • Kopernik Global Investors opened 3 new positions and closed 2 in Q2 2024.
  • Kopernik Global Investors's portfolio value fell 6.9% quarter-over-quarter to $888M.

Based on Kopernik Global Investors's 13F filing for Q2 2024, filed 14 Aug 2024.