Kopernik Global Investors, LLC

Est. AUM

$1.43B

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	SEABRIDGE GOLD INC	COM	$207.8M	7332863	14.51%	SOLE
2	RANGE RES CORP	COM	$189.2M	4188614	13.21%	SOLE
3	KT CORP	SPONSORED ADR	$114.2M	5321922	7.97%	SOLE
4	NUTRIEN LTD	COM	$107.4M	1423780	7.50%	SOLE
5	EXPAND ENERGY CORPORATION	COM	$89.3M	813632	6.24%	SOLE
6	FRANKLIN RESOURCES INC	COM	$83.2M	3522587	5.81%	SOLE
7	CENTENE CORP DEL	COM	$82.4M	2517106	5.75%	SOLE
8	NOVAGOLD RESOURCES INC	COM NEW	$58.5M	6511729	4.08%	SOLE
9	CRESUD S A C I F Y A	SPONSORED ADR	$56.2M	4415543	3.92%	SOLE
10	WEYERHAEUSER CO	COM NEW	$46.5M	1904591	3.25%	SOLE
11	NORTHERN DYNASTY MINERALS LT	COM NEW	$45.7M	32655846	3.19%	SOLE
12	RAYONIER INC	COM	$45.1M	2186503	3.15%	SOLE
13	CONCENTRIX CORP	COM	$44.5M	1627306	3.11%	SOLE
14	INTERNATIONAL TOWER HILL MIN	COM	$40.6M	17650432	2.83%	SOLE
15	MOLINA HEALTHCARE INC	COM	$38.9M	291941	2.72%	SOLE
16	NICE LTD	SPONSORED ADR	$27.7M	250948	1.93%	SOLE
17	VISTA GOLD CORP	COM NEW	$27.1M	13852010	1.90%	SOLE
18	BARRICK MNG CORP	COM SHS	$22.8M	560044	1.60%	SOLE
19	ROYAL GOLD INC	COM	$21.9M	86159	1.53%	SOLE
20	IVANHOE ELECTRIC INC	COM	$21.1M	1784170	1.47%	SOLE
21	HUMANA INC	COM	$19.7M	113385	1.37%	SOLE
22	COMCAST CORP NEW	CL A	$18.6M	649213	1.30%	SOLE
23	AIR LEASE CORP	CL A	$18.0M	277612	1.26%	SOLE
24	KOREA ELEC PWR CORP	SPONSORED ADR	$3.0M	207140	0.21%	SOLE
25	IRSA INVERSIONES Y REP S A	SPON GDS ECH 10	$1.4M	85363	0.10%	SOLE
26	PLATINUM GROUP METALS LTD	COM	$635K	358692	0.04%	SOLE
27	AUTOZONE INCPUT	COM	$223K	400	0.02%	SOLE
28	APPLE INCPUT	COM	$113K	5000	0.01%	SOLE
29	ABBVIE INCPUT	COM	$105K	4600	0.01%	SOLE
30	NEWMONT CORP	COM	$82K	761	0.01%	SOLE
31	AMGEN INCPUT	COM	$75K	4200	0.01%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.