Filed: 11/14/2025ACC: 0001599814-25-000011
📋 What this filing means
KOPERNIK GLOBAL INVESTORS, LLC filed this quarterly 13F‑HR report disclosing 28 equity positions with a total reported market value of $1.23B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
28
Positions
$1.23B
Total AUM (reported)
93.59M
Total Shares
Allocation by class
COM$698.89M56.9%
COM NEW$168.13M13.7%
SPONSORED ADR$126.63M10.3%
COM SHS$100.19M8.2%
COM STK$65.64M5.3%
SPON ADR SER B$34.94M2.8%
CL A$18.14M1.5%
Portfolio Concentration
Top 3$449.76M36.6%
4–10$551.23M44.9%
11–25$226.15M18.4%
Rest$101.6K0.0%
Top 3 weight
36.6%
Top 10 weight
81.6%
Voting Authority Distribution
Total shares with voting rights: 93.59M
Sole
Full voting authority
91.61M
shares
% of voting shares97.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
1.98M
shares
% of voting shares2.1%
Investment Discretion (by position count)
Sole28
Shared0
Other0
Dominant voting typeSole · 97.9% of voting shares
Institutional Holdings28
Rows:
SEABRIDGE GOLD INC
SOLEShares6.95M
TypeSH
Market value$167.76M
13.67%
Sole
6.84M
Shared
0.00
None
104.01K
RANGE RES CORP
SOLEShares4.42M
TypeSH
Market value$166.39M
13.56%
Sole
4.33M
Shared
0.00
None
88.40K
NOVAGOLD RES INC
SOLEShares13.14M
TypeSH
Market value$115.61M
9.42%
Sole
12.78M
Shared
0.00
None
360K
BARRICK MNG CORP
SOLEShares3.06M
TypeSH
Market value$100.19M
8.16%
Sole
3M
Shared
0.00
None
54.27K
KT CORP
SOLEShares4.56M
TypeSH
Market value$88.83M
7.24%
Sole
4.42M
Shared
0.00
None
134.22K
CENTENE CORP DEL
SOLEShares2.26M
TypeSH
Market value$80.53M
6.56%
Sole
2.21M
Shared
0.00
None
44.96K
EXPAND ENERGY CORPORATION
SOLEShares738.05K
TypeSH
Market value$78.41M
6.39%
Sole
722.99K
Shared
0.00
None
15.05K
NUTRIEN LTD
SOLEShares1.27M
TypeSH
Market value$74.36M
6.06%
Sole
1.25M
Shared
0.00
None
20.37K
SCHLUMBERGER LTD
SOLEShares1.91M
TypeSH
Market value$65.64M
5.35%
Sole
1.88M
Shared
0.00
None
31.45K
FRANKLIN RESOURCES INC
SOLEShares2.74M
TypeSH
Market value$63.27M
5.16%
Sole
2.68M
Shared
0.00
None
54.50K
SOCIEDAD QUIMICA Y MINERA DE
SOLEShares812.94K
TypeSH
Market value$34.94M
2.85%
Sole
798.22K
Shared
0.00
None
14.72K
CRESUD S A C I F Y A
SOLEShares3.73M
TypeSH
Market value$34.30M
2.79%
Sole
3.64M
Shared
0.00
None
87.95K
NORTHERN DYNASTY MINERALS LT
SOLEShares21.66M
TypeSH
Market value$25.99M
2.12%
Sole
21.32M
Shared
0.00
None
338.91K
INTERNATIONAL TOWER HILL MIN
SOLEShares14.45M
TypeSH
Market value$23.70M
1.93%
Sole
14.07M
Shared
0.00
None
376.17K
ROYAL GOLD INC
SOLEShares116.06K
TypeSH
Market value$23.28M
1.90%
Sole
113.82K
Shared
0.00
None
2.25K
SANDSTORM GOLD LTD
SOLEShares1.59M
TypeSH
Market value$19.86M
1.62%
Sole
1.55M
Shared
0.00
None
37.01K
AIR LEASE CORP
SOLEShares285.01K
TypeSH
Market value$18.14M
1.48%
Sole
278.92K
Shared
0.00
None
6.09K
IVANHOE ELECTRIC INC
SOLEShares1.34M
TypeSH
Market value$16.77M
1.37%
Sole
1.31M
Shared
0.00
None
26.25K
BORR DRILLING LTD
SOLEShares4.98M
TypeSH
Market value$13.41M
1.09%
Sole
4.87M
Shared
0.00
None
115.31K
VISTA GOLD CORP
SOLEShares3.13M
TypeSH
Market value$6.67M
0.54%
Sole
3.13M
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares48.52K
TypeSH
Market value$4.09M
0.33%
Sole
48.52K
Shared
0.00
None
0.00
KOREA ELEC PWR CORP
SOLEShares268.15K
TypeSH
Market value$3.50M
0.29%
Sole
201.35K
Shared
0.00
None
66.80K
ISHARES SILVER TR
SOLEShares141.40K
TypeSH
Market value$1.29M
0.10%
Sole
141.40K
Shared
0.00
None
0.00
PAYCHEX INC
SOLEShares5.60K
TypeSH
Market value$113.1K
<0.01%
Sole
5.60K
Shared
0.00
None
0.00
APPLE INC
SOLEShares5K
TypeSH
Market value$112.5K
<0.01%
Sole
5K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SEABRIDGE GOLD INCSOLE | COM | 6.95M | SH | $167.76M 13.67% | 6.84M | 0.00 | 104.01K |
RANGE RES CORPSOLE | COM | 4.42M | SH | $166.39M 13.56% | 4.33M | 0.00 | 88.40K |
NOVAGOLD RES INCSOLE | COM NEW | 13.14M | SH | $115.61M 9.42% | 12.78M | 0.00 | 360K |
BARRICK MNG CORPSOLE | COM SHS | 3.06M | SH | $100.19M 8.16% | 3M | 0.00 | 54.27K |
KT CORPSOLE | SPONSORED ADR | 4.56M | SH | $88.83M 7.24% | 4.42M | 0.00 | 134.22K |
CENTENE CORP DELSOLE | COM | 2.26M | SH | $80.53M 6.56% | 2.21M | 0.00 | 44.96K |
EXPAND ENERGY CORPORATIONSOLE | COM | 738.05K | SH | $78.41M 6.39% | 722.99K | 0.00 | 15.05K |
NUTRIEN LTDSOLE | COM | 1.27M | SH | $74.36M 6.06% | 1.25M | 0.00 | 20.37K |
SCHLUMBERGER LTDSOLE | COM STK | 1.91M | SH | $65.64M 5.35% | 1.88M | 0.00 | 31.45K |
FRANKLIN RESOURCES INCSOLE | COM | 2.74M | SH | $63.27M 5.16% | 2.68M | 0.00 | 54.50K |
SOCIEDAD QUIMICA Y MINERA DESOLE | SPON ADR SER B | 812.94K | SH | $34.94M 2.85% | 798.22K | 0.00 | 14.72K |
CRESUD S A C I F Y ASOLE | SPONSORED ADR | 3.73M | SH | $34.30M 2.79% | 3.64M | 0.00 | 87.95K |
NORTHERN DYNASTY MINERALS LTSOLE | COM NEW | 21.66M | SH | $25.99M 2.12% | 21.32M | 0.00 | 338.91K |
INTERNATIONAL TOWER HILL MINSOLE | COM | 14.45M | SH | $23.70M 1.93% | 14.07M | 0.00 | 376.17K |
ROYAL GOLD INCSOLE | COM | 116.06K | SH | $23.28M 1.90% | 113.82K | 0.00 | 2.25K |
SANDSTORM GOLD LTDSOLE | COM NEW | 1.59M | SH | $19.86M 1.62% | 1.55M | 0.00 | 37.01K |
AIR LEASE CORPSOLE | CL A | 285.01K | SH | $18.14M 1.48% | 278.92K | 0.00 | 6.09K |
IVANHOE ELECTRIC INCSOLE | COM | 1.34M | SH | $16.77M 1.37% | 1.31M | 0.00 | 26.25K |
BORR DRILLING LTDSOLE | SHS | 4.98M | SH | $13.41M 1.09% | 4.87M | 0.00 | 115.31K |
VISTA GOLD CORPSOLE | COM NEW | 3.13M | SH | $6.67M 0.54% | 3.13M | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 48.52K | SH | $4.09M 0.33% | 48.52K | 0.00 | 0.00 |
KOREA ELEC PWR CORPSOLE | SPONSORED ADR | 268.15K | SH | $3.50M 0.29% | 201.35K | 0.00 | 66.80K |
ISHARES SILVER TRSOLE | ISHARES | 141.40K | SH | $1.29M 0.10% | 141.40K | 0.00 | 0.00 |
PAYCHEX INCSOLE | COM | 5.60K | SH | $113.1K <0.01% | 5.60K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 5K | SH | $112.5K <0.01% | 5K | 0.00 | 0.00 |
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