Kopernik Global Investors, LLC
Kopernik Global Investors, LLC reported 26 US-listed holdings worth $1.63 billion in its 13F for the quarter ended 30 June 2026, filed 11 August 2026. Its largest: Range Resources Corp. (15.0%), Seabridge Gold Inc. Com (11.9%) and Expand Energy Corp. (9.6%). Against the quarter before, it opened 3 positions, added to 16, trimmed 5 and sold out of 4.
The 14 largest of its 26 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 3
- Seabridge Gold Inc. Com SA$194.5 million
- Epam Systems, Inc. EPAM$32.0 million
- Mosaic Co. MOS$23.7 million
Added to 16
- Range Resources Corp. RRC+2.4 million shares · +57%
- Expand Energy Corp. EXE+909,881 shares · +112%
- KT Corp. KT+3.7 million shares · +70%
- Nutrien Ltd. NTR+761,651 shares · +53%
- Weyerhaeuser Co. WY+1.9 million shares · +97%
- Concentrix Corp. CNXC+1.5 million shares · +95%
- Nice Ltd NICE+312,065 shares · +124%
- Royal Gold Inc. RGLD+128,824 shares · +150%
and 8 more in the table below
Trimmed 5
- Centene Corp. CNC-1.9 million shares · -74%
- Franklin Templeton Inc. BEN-2.2 million shares · -63%
- Barrick Mining Corp B-425,585 shares · -76%
- Ivanhoe Electric Inc. IE-750,200 shares · -42%
- Nthn Dynasty Mins NAK-477,454 shares · -1%
Sold out of 4
- Seabridge Gold Inc. SA$207.8 million last quarter
- Molina Healthcare, Inc. MOH$38.9 million last quarter
- Humana Inc. HUM$19.7 million last quarter
- Air Lease Corp. AL$18.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Range Resources Corp. RRC | 6,575,941 | $244.6 million | 14.99% | +2,387,327 |
| Seabridge Gold Inc. Com SA | 7,554,992 | $194.5 million | 11.92% | new |
| Expand Energy Corp. EXE | 1,723,513 | $157.2 million | 9.63% | +909,881 |
| KT Corp. KT | 9,043,938 | $156.3 million | 9.58% | +3,722,016 |
| Nutrien Ltd. NTR | 2,185,431 | $137.6 million | 8.43% | +761,651 |
| Weyerhaeuser Co. WY | 3,758,427 | $90.0 million | 5.51% | +1,853,836 |
| Concentrix Corp. CNXC | 3,175,766 | $71.2 million | 4.36% | +1,548,460 |
| Rayonier Inc. RYN | 3,268,598 | $69.6 million | 4.26% | +1,082,095 |
| Nthn Dynasty Mins NAK | 32,178,392 | $61.8 million | 3.79% | -477,454 |
| Cresud S A C I F Y A CRESY | 4,767,644 | $53.4 million | 3.28% | +352,101 |
| Nice Ltd NICE | 563,013 | $51.1 million | 3.13% | +312,065 |
| Franklin Templeton Inc. BEN | 1,320,571 | $43.9 million | 2.69% | -2,202,016 |
| Royal Gold Inc. RGLD | 214,983 | $42.9 million | 2.63% | +128,824 |
| Centene Corp. CNC | 646,716 | $41.5 million | 2.54% | -1,870,390 |
| Novagold Res Inc. NG | 6,898,074 | $41.2 million | 2.52% | +386,345 |
| International Tower Hill Min THM | 18,767,533 | $37.3 million | 2.29% | +1,117,101 |
| Epam Systems, Inc. EPAM | 402,809 | $32.0 million | 1.96% | new |
| Comcast Corp. CMCSA | 1,278,141 | $31.4 million | 1.92% | +628,928 |
| Vista Gold Corp. VGZ | 14,049,338 | $26.8 million | 1.64% | +197,328 |
| Mosaic Co. MOS | 1,119,095 | $23.7 million | 1.45% | new |
| Ivanhoe Electric Inc. IE | 1,033,970 | $9.9 million | 0.61% | -750,200 |
| Barrick Mining Corp B | 134,459 | $4.9 million | 0.30% | -425,585 |
| Newmont Corp. NEM | 50,328 | $4.7 million | 0.29% | +49,567 |
| Korea Elec Power KEP | 207,140 | $2.5 million | 0.15% | no change |
| Irsa Inversiones Y Rep S A IRS | 85,360 | $1.3 million | 0.08% | -3 |
| Platinum Group Metals Ltd PLG | 407,105 | $549,592 | 0.03% | +48,413 |
Read more
Change is shares against its 13F for the quarter before; the 4 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Autozone Inc. AZO | Puts | 400 | $260,800 |
| Amgen Inc. AMGN | Puts | 4,200 | $38,010 |
| Apple Inc. AAPL | Puts | 5,000 | $34,000 |
| AbbVie Inc. ABBV | Puts | 4,600 | $33,580 |
4 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.