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Kopernik Global Investors, LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1599814
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Sector Allocation

  • Materials33.3%$543.0M
  • Energy24.6%$401.7M
  • Real Estate13.1%$214.3M
  • Communication Services11.5%$187.7M
  • Financials5.3%$86.8M
  • Technology5.1%$83.1M
  • Industrials4.4%$71.2M
  • Healthcare2.5%$41.5M
  • Utilities0.1%$2.5M

AUM History

13fpro.ai/research/fund/kopernik-global-investors-llc-1599814

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/kopernik-global-investors-llc-1599814

Kopernik Global Investors, LLC 13F holdings — Q2 2026

$1.6B portfolio (+14.0% QoQ) · 30 holdings · Q2 2026 13F · top 10 are 76% of the stock portfolio

Includes $366K of put/call options ($366K puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $1.6B. Weights use the stock portfolio.

All holdings — Kopernik Global Investors, LLC (Q2 2026)

30 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
NICE$NICENICE Ltd.adr$51.1M+124%
BEN$BENFRANKLIN TEMPLETON INC$43.9M-63%
RGLD$RGLDROYAL GOLD INC$42.9M+150%
CNC$CNCCENTENE CORP$41.5M-74%
NG$NGNOVAGOLD RESOURCES INC$41.2M+6%
THM$THMINTERNATIONAL TOWER HILL MINES LTD$37.3M+6%
EPAM$EPAMEPAM Systems, Inc.$32.0MNew
CCZ$CCZCOMCAST CORP$31.4M+97%
VGZ$VGZVISTA GOLD CORP$26.8M+1%
MOS$MOSMOSAIC CO$23.7MNew
IE$IEIvanhoe Electric Inc.$9.9M-42%
B$BBARRICK MINING CORP$4.9M-76%
NEM$NEMNEWMONT Corp /DE/$4.7M+6513%
KEP$KEPKOREA ELECTRIC POWER CORPadr$2.5M—
IRS$IRSIRSA INVESTMENTS & REPRESENTATIONS INC$1.3M-0.0%

What changed in Q2 2026

Against the previous quarter's 13F: 2 new, 17 added to, 6 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.

New positions (2)

  • EPAM$EPAMEPAM Systems, Inc.$32.0M

    first bought this quarter

  • MOS$MOSMOSAIC CO$23.7M

    first bought this quarter

Added to (17)

  • RRC$RRCRANGE RESOURCES CORP+57%

    now $244.6M · held 10+ qtrs

  • EXE$EXEEXPAND ENERGY Corp+112%

    now $157.2M · held 7 qtrs, 2 adds in a row

  • KT$KTKT CORP+70%

    now $156.3M · held 10+ qtrs

  • NTR$NTRNutrien Ltd.+53%

    now $137.6M · held 7 qtrs

  • WY$WYWEYERHAEUSER CO+97%

    now $90.0M · held 2 qtrs, 2 adds in a row

  • CNXC$CNXCConcentrix Corp+95%

    now $71.2M · held 2 qtrs, 2 adds in a row

+11 more in the Excel export

Trimmed (6)

  • CNC$CNCCENTENE CORP-74%

    now $41.5M · held 4 qtrs

  • BEN$BENFRANKLIN TEMPLETON INC-63%

    now $43.9M · held 8 qtrs

  • B$BBARRICK MINING CORP-76%

    now $4.9M · held 5 qtrs, 4 trims in a row

  • IE$IEIvanhoe Electric Inc.-42%

    now $9.9M · held 10+ qtrs

  • NAK$NAKNORTHERN DYNASTY MINERALS LTD-1%

    now $61.8M · held 10+ qtrs

  • IRS$IRSIRSA INVESTMENTS & REPRESENTATIONS INC-0.0%

    now $1.3M · held 3 qtrs

Sold out (3)

  • MOH$MOHMOLINA HEALTHCARE, INC.was $38.9M

    held 2 qtrs

  • HUM$HUMHUMANA INCwas $19.7M

    held 1 qtr

  • AL$ALAIR LEASE CORPwas $18.0M

    held 7 qtrs

Firm AUM (Form ADV): $10.2B as of 2025-12-31 · SEC IAPD

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Holdings by quarter

Every 13F Kopernik Global Investors, LLC has filed, 38 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Aug 11, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Kopernik Global Investors's top 20 holdings: 66/100 (our AI quality score, weighted by position size; 11 of the 20 are scored)

Top 10 since filing

-1.8%

Value-weighted move of the 10 largest stock positions

Turnover

19%

Last quarter; 69% over the last 4

Top 10 weight

76%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

77%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Kopernik Global Investors, LLC disclosed 30 positions worth $1.6B in its Form 13F-HR for Q2 2026 — $1.6B in common stock plus $366,390 of put/call option positions (reported at underlying notional value, not premium at risk), led by $RRC (RANGE RESOURCES CORP) at 15.0% of the equity portfolio, followed by $SA and $EXE. During the quarter the fund opened 2 new positions and exited 3 — including a new stake in $EPAM and a full exit from $MOH. The portfolio is most concentrated in Materials (33.3% of disclosed assets). All figures are sourced directly from Kopernik Global Investors, LLC’s Form 13F-HR filing with the SEC under CIK 1599814.

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AI-Powered Hedge Fund Analysis: Kopernik Global Investors, LLC

13F Pro is an AI hedge fund tracker and stock research platform. For Kopernik Global Investors, LLC (SEC CIK: 1599814), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

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