Kopernik Global Investors, LLC — 13F Holdings & Portfolio
CIK 1599814 · latest 13F-HR filed 2026-08-11
Kopernik Global Investors, LLC manages $1.63B in 13F-reported U.S. long-equity assets across 30 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are RRC (14.98%), SA (11.91%), EXE (9.63%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 4; 12 existing positions rose in reported value and 8 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-11
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 75.7%Cumulative share of the portfolio held in the largest N positions.
SUITE 300
TAMPA, FL 33607
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BERTRAND, SARAH, LYNN Control | GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER | Less than 5% | Individual |
| CORCORAN, ALISSA, P Control | CO-CHIEF INVESTMENT OFFICER, DIRECTOR OF RESEARCH | Less than 5% | Individual |
| IBEN, DAVID, BERNHARD Control | MANAGER, CO-CHIEF INVESTMENT OFFICER | Less than 5% | Individual |
| IBEN, DAVID, BERNHARD Control | MANAGER | 50–75% | Individual |
| KOPERNIK HOLDINGS, LLC Control | HOLDING COMPANY | 75% or more | Domestic Entity |
| SATRA, ISABEL Control | CHIEF FINANCIAL OFFICER | Less than 5% | Individual |
| YARICH, NEDA Control | PRESIDENT | Less than 5% | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- EXPAND ENERGY CORPORATION$67.8M +76.0%
- RANGE RES CORP$55.3M +29.2%
- WEYERHAEUSER CO$43.4M +93.4%
- KT CORP$42.1M +36.9%
- NUTRIEN LTD$30.1M +28.0%
Top Trims
- CENTENE CORP DEL-$40.9M -49.6%
- FRANKLIN RESOURCES INC-$39.3M -47.2%
- BARRICK MNG CORP-$17.9M -78.4%
- NOVAGOLD RESOURCES INC-$17.3M -29.6%
- IVANHOE ELECTRIC INC-$11.2M -52.9%
Exited Positions
- SEABRIDGE GOLD INC$207.8M
- MOLINA HEALTHCARE INC$38.9M
- HUMANA INC$19.7M
- AIR LEASE CORP$18.0M
Kopernik Global Investors, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | RANGE RES CORP | RRC | 75281A109 | $244.6M | 14.98% | 6,575,941 | SH |
| 2 | SEABRIDGE GOLD INC | SA | 811927102 | $194.5M | 11.91% | 7,554,992 | SH |
| 3 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $157.2M | 9.63% | 1,723,513 | SH |
| 4 | KT CORP | KT | 48268K101 | $156.3M | 9.57% | 9,043,938 | SH |
| 5 | NUTRIEN LTD | NTR | 67077M108 | $137.6M | 8.43% | 2,185,431 | SH |
| 6 | WEYERHAEUSER CO | WY | 962166104 | $90.0M | 5.51% | 3,758,427 | SH |
| 7 | CONCENTRIX CORP | CNXC | 20602D101 | $71.2M | 4.36% | 3,175,766 | SH |
| 8 | RAYONIER INC | RYN | 754907103 | $69.6M | 4.26% | 3,268,598 | SH |
| 9 | NORTHERN DYNASTY MINERALS LT | NAK | 66510M204 | $61.8M | 3.79% | 32,178,392 | SH |
| 10 | CRESUD S A C I F Y A | CRESY | 226406106 | $53.4M | 3.27% | 4,767,644 | SH |
| 11 | NICE LTD | NICE | 653656108 | $51.1M | 3.13% | 563,013 | SH |
| 12 | FRANKLIN RESOURCES INC | BEN | 354613101 | $43.9M | 2.69% | 1,320,571 | SH |
| 13 | ROYAL GOLD INC | RGLD | 780287108 | $42.9M | 2.63% | 214,983 | SH |
| 14 | CENTENE CORP DEL | CNC | 15135B101 | $41.5M | 2.54% | 646,716 | SH |
| 15 | NOVAGOLD RESOURCES INC | NG | 66987E206 | $41.2M | 2.52% | 6,898,074 | SH |
| 16 | INTERNATIONAL TOWER HILL MIN | THM | 46050R102 | $37.3M | 2.29% | 18,767,533 | SH |
| 17 | EPAM SYS INC | EPAM | 29414B104 | $32.0M | 1.96% | 402,809 | SH |
| 18 | COMCAST CORP NEW | CMCSA | 20030N101 | $31.4M | 1.92% | 1,278,141 | SH |
| 19 | VISTA GOLD CORP | VGZ | 927926303 | $26.8M | 1.64% | 14,049,338 | SH |
| 20 | MOSAIC CO | MOS | 61945C103 | $23.7M | 1.45% | 1,119,095 | SH |
| 21 | IVANHOE ELECTRIC INC | IE | 46578C108 | $9.9M | 0.61% | 1,033,970 | SH |
| 22 | BARRICK MNG CORP | B | 06849F108 | $4.9M | 0.30% | 134,459 | SH |
| 23 | NEWMONT CORP | NEM | 651639106 | $4.7M | 0.29% | 50,328 | SH |
| 24 | KOREA ELEC PWR CORP | KEP | 500631106 | $2.5M | 0.15% | 207,140 | SH |
| 25 | IRSA INVERSIONES Y REP S A | IRS | 450047303 | $1.3M | 0.08% | 85,360 | SH |
| 26 | PLATINUM GROUP METALS LTD | PLG | 72765Q882 | $549.6K | 0.03% | 407,105 | SH |
| 27 | AUTOZONE INC Put | AZO | 053332102 | $260.8K | 0.02% | 400 | SH |
| 28 | AMGEN INC Put | AMGN | 031162100 | $38.0K | 0.00% | 4,200 | SH |
| 29 | APPLE INC Put | AAPL | 037833100 | $34.0K | 0.00% | 5,000 | SH |
| 30 | ABBVIE INC Put | ABBV | 00287Y109 | $33.6K | 0.00% | 4,600 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | $1.63B | 30 | 0001599814-26-000005 |
| 2026-03-31 | 2026-05-13 | $1.43B | 31 | 0001599814-26-000003 |
| 2025-12-31 | 2026-02-13 | $1.25B | 27 | 0001599814-26-000002 |
| 2025-09-30 | 2025-11-14 | $1.23B | 28 | 0001599814-25-000011 |
SUITE 300
TAMPA, FL 33607