Equal-WT
WhaleScore 2.0
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Kopernik Global Investors is based out of Tampa. Kopernik Global Investors is a hedge fund with 13 clients and discretionary assets under management (AUM) of $5,515,697,989 (Form ADV from 2025-03-28). Their last reported 13F filing for Q1 2025 included $964,751,981 in managed 13F securities
and a top 10 holdings concentration of 79.75%. Kopernik Global Investors's largest holding is Range Resources Corp with shares held of 2,846,663. Whalewisdom has at least 51 13F filings, 3 13D filings, and 58 13G filings
Business Description
Kopernik implements its global investment strategies through an active, fundamentals-based, value-oriented process. Kopernik’s investment discipline seeks to identify potential investments that trade at significant discounts to their intrinsic value (as determined by Kopernik’s analysis). For investment strategies that permit short positions, Kopernik will short securities of companies that Kopernik believes are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values (as determined by Kopernik’s analysis).
Kopernik is organized to ensure a culture of client success. In an effort to ensure alignment with our clients, our senior professionals have meaningful investment in our investment funds, most employees have some investment in our funds, we are 100% employee-owned (through Kopernik Holdings, LLC), most of our employees have an ownership stake, and all employees are eligible to participate in the success of Kopernik.
Investment Strategy
Kopernik implements its investment strategies through an active, research-driven, fundamentals-based, value-oriented process. They seek to identify potential investments that trade at significant discounts to their intrinsic value, as determined by their analysis. For strategies that permit short selling, short positions will be taken in the securities of companies which, in Kopernik’s view, are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values.
Kopernik provides investment strategies in separately managed accounts and as investment adviser to collective investment funds, including private funds, mutual funds, CITs, and UCITS, subject to each fund’s investment guidelines and restrictions, such as the Global All-Cap strategy. These strategies may invest in a variety of securities, including common and preferred stocks, debt securities, REITs, ETFs, swap agreements, and other financial instruments. The Global Unconstrained Strategy may use leverage to take advantage of market opportunities.
Owners
- KOPERNIK HOLDINGS, LLC - HOLDING COMPANY
- BERTRAND, SARAH, LYNN - GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
- IBEN, DAVID, BERNHARD - MANAGER, CHIEF INVESTMENT OFFICER
- YARICH, NEDA - PRESIDENT
- SATRA, ISABEL - CHIEF FINANCIAL OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| SA Seabridge Gold Inc | 5.17% |
| NTR Nutrien Ltd | 2.55% |
| BEN Franklin Resources I | 2.24% |
| B Barrick Mining Corp. | 2.19% |
| RRC Range Resources Corp | 1.37% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| ALTM Arcadium Lithium PLC | 4.04% |
| HMY Harmony Gold Mining | 2.37% |
| RGLD Royal Gold Inc | 2.27% |
| BABA Alibaba Group Holdin | 2% |
| KT KT Corporation | 1.55% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| RRC Range Resources Corp | 11.78% |
| KT KT Corporation | 11.59% |
| B Barrick Mining Corp. | 10.16% |
| EXE Expand Energy Corp | 9.98% |
| SA Seabridge Gold Inc | 8.88% |
2025-03-31
13F Activity
| Market Value | $0.96b, Prior: $0.94b |
| Inflows (Outflows) as % of Total MV | (-11.7373)% |
| New Purchases | 2 stocks |
| Added To | 15 stocks |
| Sold out of | 5 stocks |
| Reduced holdings in | 10 stocks |
| Top 10 Holdings % | 79.75% |
| Turnover %[1] | 19.44% |
| Turnover Alt %[2] | 14.01% |
| Time Held Top 20 | 10.7 quarters |
| Time Held Top 10 | 11.2 quarters |
| Time Held All | 14.32 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
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2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31