Filed: 2/13/2026ACC: 0001599814-26-000002
📋 What this filing means
KOPERNIK GLOBAL INVESTORS, LLC filed this quarterly 13F‑HR report disclosing 27 equity positions with a total reported market value of $1.25B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
27
Positions
$1.25B
Total AUM (reported)
81.06M
Total Shares
Allocation by class
COM$843.52M67.4%
SPONSORED ADR$167.50M13.4%
COM NEW$126.09M10.1%
COM STK$50.15M4.0%
CL A$37.71M3.0%
COM SHS$25.70M2.1%
SPON GDS ECH 10$1.41M0.1%
Portfolio Concentration
Top 3$500.68M40.0%
4–10$529.62M42.3%
11–25$221.69M17.7%
Rest$77.5K0.0%
Top 3 weight
40.0%
Top 10 weight
82.3%
Voting Authority Distribution
Total shares with voting rights: 81.06M
Sole
Full voting authority
79.39M
shares
% of voting shares97.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
1.67M
shares
% of voting shares2.1%
Investment Discretion (by position count)
Sole27
Shared0
Other0
Dominant voting typeSole · 97.9% of voting shares
Institutional Holdings27
Rows:
SEABRIDGE GOLD INC
SOLEShares6.98M
TypeSH
Market value$206.53M
16.49%
Sole
6.90M
Shared
0.00
None
75.55K
RANGE RES CORP
SOLEShares5.24M
TypeSH
Market value$184.72M
14.75%
Sole
5.14M
Shared
0.00
None
100.06K
KT CORP
SOLEShares5.77M
TypeSH
Market value$109.43M
8.74%
Sole
5.63M
Shared
0.00
None
141.69K
NUTRIEN LTD
SOLEShares1.75M
TypeSH
Market value$108.24M
8.64%
Sole
1.72M
Shared
0.00
None
30.85K
CENTENE CORP DEL
SOLEShares2.03M
TypeSH
Market value$83.33M
6.66%
Sole
1.99M
Shared
0.00
None
38.90K
FRANKLIN RESOURCES INC
SOLEShares3.37M
TypeSH
Market value$80.49M
6.43%
Sole
3.30M
Shared
0.00
None
64.85K
NOVAGOLD RES INC
SOLEShares8.43M
TypeSH
Market value$78.56M
6.27%
Sole
8.17M
Shared
0.00
None
263.55K
EXPAND ENERGY CORPORATION
SOLEShares681.58K
TypeSH
Market value$75.22M
6.01%
Sole
668.59K
Shared
0.00
None
12.99K
CRESUD S A C I F Y A
SOLEShares4.25M
TypeSH
Market value$53.64M
4.28%
Sole
4.15M
Shared
0.00
None
95.76K
SLB LIMITED
SOLEShares1.31M
TypeSH
Market value$50.15M
4.01%
Sole
1.29M
Shared
0.00
None
19.26K
ROYAL GOLD INC
SOLEShares209.68K
TypeSH
Market value$46.61M
3.72%
Sole
206.03K
Shared
0.00
None
3.65K
NORTHERN DYNASTY MINERALS LT
SOLEShares21.66M
TypeSH
Market value$42.67M
3.41%
Sole
21.32M
Shared
0.00
None
338.91K
INTERNATIONAL TOWER HILL MIN
SOLEShares14.45M
TypeSH
Market value$26.87M
2.15%
Sole
14.07M
Shared
0.00
None
376.17K
BARRICK MNG CORP
SOLEShares590.05K
TypeSH
Market value$25.70M
2.05%
Sole
580.51K
Shared
0.00
None
9.54K
MOLINA HEALTHCARE INC
SOLEShares125.53K
TypeSH
Market value$21.79M
1.74%
Sole
123.12K
Shared
0.00
None
2.41K
COMCAST CORP NEW
SOLEShares649.21K
TypeSH
Market value$19.40M
1.55%
Sole
636.82K
Shared
0.00
None
12.39K
AIR LEASE CORP
SOLEShares285.01K
TypeSH
Market value$18.31M
1.46%
Sole
278.92K
Shared
0.00
None
6.09K
IVANHOE ELECTRIC INC
SOLEShares428.75K
TypeSH
Market value$6.85M
0.55%
Sole
421.77K
Shared
0.00
None
6.98K
VISTA GOLD CORP
SOLEShares2.47M
TypeSH
Market value$4.86M
0.39%
Sole
2.47M
Shared
0.00
None
0.00
KOREA ELEC PWR CORP
SOLEShares268.15K
TypeSH
Market value$4.42M
0.35%
Sole
201.35K
Shared
0.00
None
66.80K
NEWMONT CORP
SOLEShares23.20K
TypeSH
Market value$2.32M
0.19%
Sole
23.20K
Shared
0.00
None
0.00
IRSA INVERSIONES Y REP S A
SOLEShares85.37K
TypeSH
Market value$1.41M
0.11%
Sole
83.44K
Shared
0.00
None
1.93K
AUTOZONE INC
SOLEShares400.00
TypeSH
Market value$213.6K
0.02%
Sole
400.00
Shared
0.00
None
0.00
PAYCHEX INC
SOLEShares5.60K
TypeSH
Market value$179.2K
0.01%
Sole
5.60K
Shared
0.00
None
0.00
ABBVIE INC
SOLEShares4.60K
TypeSH
Market value$84.2K
<0.01%
Sole
4.60K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SEABRIDGE GOLD INCSOLE | COM | 6.98M | SH | $206.53M 16.49% | 6.90M | 0.00 | 75.55K |
RANGE RES CORPSOLE | COM | 5.24M | SH | $184.72M 14.75% | 5.14M | 0.00 | 100.06K |
KT CORPSOLE | SPONSORED ADR | 5.77M | SH | $109.43M 8.74% | 5.63M | 0.00 | 141.69K |
NUTRIEN LTDSOLE | COM | 1.75M | SH | $108.24M 8.64% | 1.72M | 0.00 | 30.85K |
CENTENE CORP DELSOLE | COM | 2.03M | SH | $83.33M 6.66% | 1.99M | 0.00 | 38.90K |
FRANKLIN RESOURCES INCSOLE | COM | 3.37M | SH | $80.49M 6.43% | 3.30M | 0.00 | 64.85K |
NOVAGOLD RES INCSOLE | COM NEW | 8.43M | SH | $78.56M 6.27% | 8.17M | 0.00 | 263.55K |
EXPAND ENERGY CORPORATIONSOLE | COM | 681.58K | SH | $75.22M 6.01% | 668.59K | 0.00 | 12.99K |
CRESUD S A C I F Y ASOLE | SPONSORED ADR | 4.25M | SH | $53.64M 4.28% | 4.15M | 0.00 | 95.76K |
SLB LIMITEDSOLE | COM STK | 1.31M | SH | $50.15M 4.01% | 1.29M | 0.00 | 19.26K |
ROYAL GOLD INCSOLE | COM | 209.68K | SH | $46.61M 3.72% | 206.03K | 0.00 | 3.65K |
NORTHERN DYNASTY MINERALS LTSOLE | COM NEW | 21.66M | SH | $42.67M 3.41% | 21.32M | 0.00 | 338.91K |
INTERNATIONAL TOWER HILL MINSOLE | COM | 14.45M | SH | $26.87M 2.15% | 14.07M | 0.00 | 376.17K |
BARRICK MNG CORPSOLE | COM SHS | 590.05K | SH | $25.70M 2.05% | 580.51K | 0.00 | 9.54K |
MOLINA HEALTHCARE INCSOLE | COM | 125.53K | SH | $21.79M 1.74% | 123.12K | 0.00 | 2.41K |
COMCAST CORP NEWSOLE | CL A | 649.21K | SH | $19.40M 1.55% | 636.82K | 0.00 | 12.39K |
AIR LEASE CORPSOLE | CL A | 285.01K | SH | $18.31M 1.46% | 278.92K | 0.00 | 6.09K |
IVANHOE ELECTRIC INCSOLE | COM | 428.75K | SH | $6.85M 0.55% | 421.77K | 0.00 | 6.98K |
VISTA GOLD CORPSOLE | COM NEW | 2.47M | SH | $4.86M 0.39% | 2.47M | 0.00 | 0.00 |
KOREA ELEC PWR CORPSOLE | SPONSORED ADR | 268.15K | SH | $4.42M 0.35% | 201.35K | 0.00 | 66.80K |
NEWMONT CORPSOLE | COM | 23.20K | SH | $2.32M 0.19% | 23.20K | 0.00 | 0.00 |
IRSA INVERSIONES Y REP S ASOLE | SPON GDS ECH 10 | 85.37K | SH | $1.41M 0.11% | 83.44K | 0.00 | 1.93K |
AUTOZONE INCSOLE | COM | 400.00 | SH | $213.6K 0.02% | 400.00 | 0.00 | 0.00 |
PAYCHEX INCSOLE | COM | 5.60K | SH | $179.2K 0.01% | 5.60K | 0.00 | 0.00 |
ABBVIE INCSOLE | COM | 4.60K | SH | $84.2K <0.01% | 4.60K | 0.00 | 0.00 |
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