Latest Kopernik Global Investors, LLC Stock Portfolio

Kopernik Global Investors, LLC Performance:

2025 Q4: 8.93%YTD: 59.45%2024: 14.03%

Performance for 2025 Q4 is 8.93%, and YTD is 59.45%, and 2024 is 14.03%.

About Kopernik Global Investors, LLC and 13F Hedge Fund Stock Holdings

Kopernik Global Investors, LLC is a hedge fund based in Tampa, FL. On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Kopernik Global Investors, LLC reported an equity portfolio of $1.3 Billions as of 31 Dec, 2025.

The top stock holdings of Kopernik Global Investors, LLC are SA, RRC, KT. The fund has invested 16.5% of it's portfolio in SEABRIDGE GOLD INC and 14.8% of portfolio in RANGE RES CORP.

The fund managers got completely rid off SOCIEDAD QUIMICA Y MINERA DE (SQM), SANDSTORM GOLD LTD (SAND) and BORR DRILLING LTD (BORR) stocks. They significantly reduced their stock positions in BARRICK MNG CORP, IVANHOE ELECTRIC INC (IE) and NEWMONT CORP (NEM). Kopernik Global Investors, LLC opened new stock positions in MOLINA HEALTHCARE INC (MOH), COMCAST CORP NEW (CMCSA) and IRSA INVERSIONES Y REP S A (IRS). The fund showed a lot of confidence in some stocks as they added substantially to ROYAL GOLD INC (RGLD), NUTRIEN LTD (NTR) and KT CORP (KT).

Kopernik Global Investors, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Kopernik Global Investors, LLC made a return of 8.93% in the last quarter. In trailing 12 months, it's portfolio return was 59.45%.

Performance
S&P 500

New Buys

Ticker	$ Bought
molina healthcare inc	21,785,200
comcast corp new	19,405,000
irsa inversiones y rep s a	1,411,960

New stocks bought by Kopernik Global Investors, LLC

Additions

Ticker	% Inc.
royal gold inc	80.66
nutrien ltd	38.45
kt corp	26.63
franklin resources inc	23.16
range res corp	18.51
cresud s a c i f y a	13.92
seabridge gold inc	0.47

Additions to existing portfolio by Kopernik Global Investors, LLC

Reductions

Ticker	% Reduced
barrick mng corp	-80.7
ivanhoe electric inc	-67.91
newmont corp	-52.18
novagold res inc	-35.84
slb limited	-31.58
vista gold corp	-21.18
centene corp del	-10.27
expand energy corporation	-7.65

Kopernik Global Investors, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
borr drilling ltd	-13,406,100
sandstorm gold ltd	-19,864,300
sociedad quimica y minera de	-34,940,300

Kopernik Global Investors, LLC got rid off the above stocks

Sector Distribution

Kopernik Global Investors, LLC has about 45.7% of it's holdings in Others sector.

Sector	%
Others	45.7
Energy	24.8
Basic Materials	13.3
Healthcare	8.4
Financial Services	6.4
Industrials	1.5

Market Cap. Distribution

Kopernik Global Investors, LLC has about 21% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	45.7
MID-CAP	24.8
LARGE-CAP	21
SMALL-CAP	8.5

Stocks belong to which Index?

About 27.4% of the stocks held by Kopernik Global Investors, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	72.6
S&P 500	20.6
RUSSELL 2000	6.8

Top 5 Winners (%)		%
NAK	northern dynasty minerals lt	64.2 %
CRESY	cresud s a c i f y a	34.2 %
KEP	korea elec pwr corp	26.4 %
SA	seabridge gold inc	22.5 %
	barrick mng corp	19.6 %

Top 5 Winners ($)		$
SA	seabridge gold inc	37.9 M
	barrick mng corp	19.7 M
NAK	northern dynasty minerals lt	16.7 M
CRESY	cresud s a c i f y a	13.7 M
CNC	centene corp del	11.7 M

Top 5 Losers (%)		%
VGZ	vista gold corp	-6.7 %
RRC	range res corp	-5.9 %
KT	kt corp	-2.4 %

Top 5 Losers ($)		$
RRC	range res corp	-11.5 M
KT	kt corp	-2.7 M
VGZ	vista gold corp	-0.4 M

Kopernik Global Investors, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Kopernik Global Investors, LLC

Kopernik Global Investors, LLC has 22 stocks in it's portfolio. About 82.3% of the portfolio is in top 10 stocks. RRC proved to be the most loss making stock for the portfolio. SA was the most profitable stock for Kopernik Global Investors, LLC last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AL	air lease corp	1.46	285,013	18,306,400	unchanged	0.00

BEN	franklin resources inc	6.43	3,369,160	80,489,400	added	23.16

BORR	borr drilling ltd	0.00	0.00	0.00	sold off	-100

CHK	expand energy corporation	6.01	681,579	75,219,100	reduced	-7.65

CMCSA	comcast corp new	1.55	649,213	19,405,000	new

CNC	centene corp del	6.66	2,025,050	83,330,900	reduced	-10.27

CRESY	cresud s a c i f y a	4.28	4,246,880	53,638,100	added	13.92

IE	ivanhoe electric inc	0.55	428,752	6,851,460	reduced	-67.91

IRS	irsa inversiones y rep s a	0.11	85,366	1,411,960	new

KEP	korea elec pwr corp	0.35	268,151	4,424,490	unchanged	0.00

KT	kt corp	8.74	5,768,750	109,433,000	added	26.63

MOH	molina healthcare inc	1.74	125,534	21,785,200	new

NAK	northern dynasty minerals lt	3.41	21,661,200	42,672,500	unchanged	0.00

NEM	newmont corp	0.18	23,201	2,316,620	reduced	-52.18

NG	novagold res inc	6.28	8,429,380	78,561,800	reduced	-35.84

NTR	nutrien ltd	8.64	1,753,660	108,236,000	added	38.45

RGLD	royal gold inc	3.72	209,678	46,609,300	added	80.66

RRC	range res corp	14.75	5,238,900	184,724,000	added	18.51

SA	seabridge gold inc	16.50	6,979,610	206,527,000	added	0.47

SAND	sandstorm gold ltd	0.00	0.00	0.00	sold off	-100