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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
+1.18%
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
$935M
AUM Growth
-$64.5M
Cap. Flow
-$54.1M
Cap. Flow %
-5.78%
Top 10 Hldgs %
75.19%
Holding
36
New
5
Increased
5
Reduced
9
Closed
2

Top Buys

Rank Stock Value
1
EXE
Expand Energy Corp
EXE
+$84.9M
2
NEM icon
Newmont
NEM
+$34.4M
3
AMTM
Amentum Holdings
AMTM
+$19.8M
4
NG icon
NovaGold Resources
NG
+$11.3M
5
B
Barrick Mining
B
+$7.36M

Top Sells

Rank Stock Value
1
SWN
Southwestern Energy Company
SWN
+$130M
2
ALTM
Arcadium Lithium plc
ALTM
+$56.8M
3
RRC icon
Range Resources
RRC
+$9.64M
4
KT icon
KT
KT
+$8.83M
5
NXE icon
NexGen Energy
NXE
+$5.06M

Sector Composition

Rank Sector Weight
1 Materials 56.21%
2 Energy 20.21%
3 Communication Services 13.13%
4 Industrials 4.98%
5 Financials 2.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KT icon
1
KT
KT
$8.73B
$123M 13.13%
7,915,343
-555,411
-7% -$8.83M
RRC icon
2
Range Resources
RRC
$9.03B
$97.4M 10.41%
2,706,620
-291,418
-10% -$9.64M
EXE
3
Expand Energy Corp
EXE
$21.2B
$91.6M 9.79%
+919,945
New +$84.9M
B
4
Barrick Mining
B
$68.4B
$74.6M 7.97%
4,812,612
+404,645
+9% +$7.36M
RGLD icon
5
Royal Gold
RGLD
$18.1B
$68.3M 7.3%
518,178
-10,059
-2% -$1.45M
WPM icon
6
Wheaton Precious Metals
WPM
$55.6B
$66.2M 7.08%
1,177,092
– –
NG icon
7
NovaGold Resources
NG
$3.02B
$56.6M 6.05%
17,006,844
+3,187,981
+23% +$11.3M
SQM icon
8
Sociedad Química y Minera de Chile
SQM
$19.8B
$53.2M 5.69%
1,462,568
– –
ALTM
9
DELISTED
Arcadium Lithium plc
ALTM
$37.8M 4.04%
7,370,438
-11,121,262
-60% -$56.8M
SA
10
Seabridge Gold
SA
$3.14B
$34.8M 3.72%
3,047,048
– –
NEM icon
11
Newmont
NEM
$110B
$28.1M 3%
+755,147
New +$34.4M
BEN icon
12
Franklin Resources
BEN
$17.8B
$24.5M 2.62%
1,208,837
– –
PPTA
13
Perpetua Resources
PPTA
$2.81B
$23M 2.45%
2,151,004
-376,319
-15% -$3.86M
HMY icon
14
Harmony Gold Mining
HMY
$11.3B
$22.4M 2.39%
2,724,852
-192,659
-7% -$1.87M
IE icon
15
Ivanhoe Electric
IE
$1.69B
$19.3M 2.06%
2,557,225
+130,807
+5% +$1.21M
BABA icon
16
Alibaba
BABA
$308B
$18.7M 2%
220,556
+35,493
+19% +$3.35M
NAK
17
Northern Dynasty Minerals
NAK
$941M
$18.3M 1.96%
31,470,739
-599,952
-2% -$268K
CRESY
18
Cresud
CRESY
$778M
$17.8M 1.91%
1,423,196
– –
AMTM
19
Amentum Holdings
AMTM
$5.75B
$16.1M 1.72%
+765,982
New +$19.8M
AL
20
DELISTED
Air Lease Corp
AL
$12.7M 1.36%
262,960
-73,214
-22% -$3.45M
SAND
21
DELISTED
Sandstorm Gold
SAND
$11.1M 1.18%
1,982,280
– –
KEP icon
22
Korea Electric Power
KEP
$15.9B
$7.57M 0.81%
1,099,905
– –
THM
23
International Tower Hill Mines
THM
$542M
$6.35M 0.68%
13,949,307
– –
NTR icon
24
Nutrien
NTR
$32B
$3.63M 0.39%
+81,164
New +$3.85M
VGZ icon
25
Vista Gold
VGZ
$292M
$2.24M 0.24%
4,006,199
+63,577
+2% +$40.2K
1
2

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Kopernik Global Investors's Q4 2024 Portfolio in Review

As of Q4 2024, Kopernik Global Investors held 36 positions worth $935M, down 6.4% from $1,000M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Kopernik Global Investors withdrew a net $54.1M in Q4 2024, closing 2 positions and reducing 9 holdings. Its most notable exit was Southwestern Energy Company, an estimated $130M position sold in full.

By sector, the portfolio is most concentrated in Materials at 56% of assets, down from 56% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Kopernik Global Investors opened a new position in Expand Energy Corp worth $91.6M.

  • Kopernik Global Investors's largest Q4 2024 buy was Expand Energy Corp: 919,945 shares worth $91.6M.
  • Kopernik Global Investors added most to NovaGold Resources in Q4 2024, an estimated $11.3M increase.
  • Kopernik Global Investors's biggest Q4 2024 reduction was Arcadium Lithium plc, cutting an estimated $56.8M.
  • Kopernik Global Investors fully exited Southwestern Energy Company in Q4 2024, selling an estimated $130M.
  • Kopernik Global Investors's ten largest holdings make up 75% of its $935M portfolio in Q4 2024.
  • Kopernik Global Investors opened 5 new positions and closed 2 in Q4 2024.
  • Kopernik Global Investors's portfolio value fell 6.4% quarter-over-quarter to $935M.

Based on Kopernik Global Investors's 13F filing for Q4 2024, filed 13 Feb 2025.