Kopernik Global Investors, LLC
13F Reported Value
ⓘ$1.4B
incl. option notional
Equity Holdings
ⓘ$1.4B
Option Notional
ⓘ$515,536
$515,536 puts / $0 calls
Holdings
31
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Kopernik Global Investors, LLC disclosed 31 positions worth $1.4B in its Form 13F-HR for Q1 2026 — $1.4B in common stock plus $515,536 of put/call option positions (reported at underlying notional value, not premium at risk), led by $SA (SEABRIDGE GOLD INC) at 14.5% of the equity portfolio, followed by $RRC and $KT. During the quarter the fund opened 6 new positions and exited 2 — including a new stake in $WY and a full exit from $SLB. The portfolio is most concentrated in Materials (37.1% of disclosed assets). All figures are sourced directly from Kopernik Global Investors, LLC’s Form 13F-HR filing with the SEC under CIK 1599814.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$207.8M7,332,863 sh - 82.8#21
Quality
$189.2M4,188,614 sh - —
Quality
$114.2M5,321,922 sh - —
Quality
$107.4M1,423,780 sh - 83.9
Quality
$89.3M813,632 sh - 59.9
Quality
$83.2M3,522,587 sh - 52.7
Quality
$82.4M2,517,106 sh - —
Quality
$58.5M6,511,729 sh - —
Quality
$56.2M4,415,543 sh - 52.9
Quality
$46.5M1,904,591 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SEABRIDGE GOLD INC$SA | — | $207.8M | 7,332,863 |
 RANGE RESOURCES CORP$RRC | 82.8#21 | $189.2M | 4,188,614 |
 KT CORP$KT | — | $114.2M | 5,321,922 |
 Nutrien Ltd.$NTR | — | $107.4M | 1,423,780 |
 EXPAND ENERGY Corp$EXE | 83.9 | $89.3M | 813,632 |
 FRANKLIN RESOURCES INC$BEN | 59.9 | $83.2M | 3,522,587 |
 CENTENE CORP$CNC | 52.7 | $82.4M | 2,517,106 |
 NOVAGOLD RESOURCES INC$NG | — | $58.5M | 6,511,729 |
 CRESUD INC$CRESY | — | $56.2M | 4,415,543 |
 WEYERHAEUSER CO$WY | 52.9 | $46.5M | 1,904,591 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Kopernik Global Investors, LLC's 31 positions.
Showing top 10 of 31 holdings.
Sector Allocation
Materials
$531.8M
Energy
$278.6M
Real Estate
$149.2M
Healthcare
$141.0M
Communication Services
$132.8M
Financials
$105.1M
Industrials
$62.6M
Technology
$27.7M
Full Holdings — Kopernik Global Investors, LLC (Q1 2026)
All 31 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SA | SEABRIDGE GOLD INC | $207.8M | 14.5% | +5% | — |
| 2 | $RRC | RANGE RESOURCES CORP | $189.2M | 13.2% | -20% | 82.8 |
| 3 | $KT | KT CORP | $114.2M | 8.0% | -8% | — |
| 4 | $NTR | Nutrien Ltd. | $107.4M | 7.5% | -19% | — |
| 5 | $EXE | EXPAND ENERGY Corp | $89.3M | 6.2% | +19% | 83.9 |
| 6 | $BEN | FRANKLIN RESOURCES INC | $83.2M | 5.8% | +5% | 59.9 |
| 7 | $CNC | CENTENE CORP | $82.4M | 5.8% | +24% | 52.7 |
| 8 | $NG | NOVAGOLD RESOURCES INC | $58.5M | 4.1% | -23% | — |
| 9 | $CRESY | CRESUD INC | $56.2M | 3.9% | +4% | — |
| 10 | $WY | WEYERHAEUSER CO | $46.5M | 3.3% | NEW | 52.9 |
| 11 |  $NAK | NORTHERN DYNASTY MINERALS LTD | $45.7M | 3.2% | +51% | — |
| 12 |  $RYN | RAYONIER INC | $45.1M | 3.1% | NEW | 68.1 |
| 13 |  $CNXC | Concentrix Corp | $44.5M | 3.1% | NEW | 49.1 |
| 14 |  $THM | INTERNATIONAL TOWER HILL MINES LTD | $40.6M | 2.8% | +22% | — |
| 15 |  $MOH | MOLINA HEALTHCARE, INC. | $38.9M | 2.7% | +133% | 60.5 |
| 16 |  $NICE | NICE Ltd. | $27.7M | 1.9% | NEW | — |
| 17 |  $VGZ | VISTA GOLD CORP | $27.1M | 1.9% | +462% | — |
| 18 |  $B | BARRICK MINING CORP | $22.8M | 1.6% | -5% | — |
| 19 |  $RGLD | ROYAL GOLD INC | $21.9M | 1.5% | -59% | 79.4 |
| 20 |  $IE | Ivanhoe Electric Inc. | $21.1M | 1.5% | +316% | 27.9 |
| 21 |  $HUM | HUMANA INC | $19.7M | 1.4% | NEW | 82 |
| 22 |  $CCZ | COMCAST CORP | $18.6M | 1.3% | +0% | 70.4 |
| 23 |  $AL | AIR LEASE CORP | $18.0M | 1.3% | -3% | 73.8 |
| 24 |  $KEP | KOREA ELECTRIC POWER CORP | $3.0M | 0.2% | -23% | — |
| 25 |  $IRS | IRSA INVESTMENTS & REPRESENTATIONS INC | $1.4M | 0.1% | -0% | — |
| 26 |  $PLG | PLATINUM GROUP METALS LTD | $634,885 | 0.0% | NEW | — |
| 27 |  $AZOPUT | AUTOZONE INC | $222,600 | — | +0% | 66.5 |
| 28 |  $AAPLPUT | Apple Inc. | $112,500 | — | +0% | 76.1 |
| 29 |  $ABBVPUT | AbbVie Inc. | $105,340 | — | +0% | 59.3 |
| 30 |  $NEM | NEWMONT Corp /DE/ | $82,378 | 0.0% | -97% | 88.3 |
| 31 |  $AMGNPUT | AMGEN INC | $75,096 | — | +35% | 79.5 |
New Positions (6)
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