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 $5,490,380,153 (Form ADV from 2024-03-28). Their last reported 13F filing for Q3 2024 included $999,882,097 in managed 13F securities
and a top 10 holdings concentration of 80.77%. Kopernik Global Investors's largest holding is KT Corporation with shares held of 8,470,754. Whalewisdom has at least 49 13F filings, 1 13D filings, and 54 13G filings
Business Description
Kopernik implements its global investment strategies through an active, fundamentals-based, value-oriented process. Their investment discipline focuses on identifying potential investments that trade at significant discounts to their intrinsic value, as determined by their analysis. For investment strategies that allow short positions, Kopernik will short securities of companies they believe are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values.
Kopernik's advisory business is described in the context of their global investment strategies, which involve identifying undervalued investments and shorting overvalued securities. Their approach is based on a fundamental analysis of companies and their intrinsic value. This suggests a focus on value investing and potentially a contrarian approach to the market.
Investment Strategy
Kopernik's investment strategies are implemented 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 securities of companies that are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values.
Kopernik offers a variety of investment strategies in separately managed accounts and as investment advisors to collective investment funds, including private funds, mutual funds, CITs, and UCITS, subject to each fund's investment guidelines and restrictions. These strategies may invest in a variety of securities, including common and preferred stocks, convertible securities, rights and warrants, debt secured by mortgages or other assets, debt securities issued by foreign and supranational issuers, debt secured by loans and other fixed income securities, real estate investment trusts (REITs), ETFs, swap agreements, options, forward contracts, structured notes, and other financial instruments.
Owners
- BERTRAND, SARAH, LYNN - GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
- IBEN, DAVID, BERNHARD - MANAGER, CHIEF INVESTMENT OFFICER
- KOPERNIK HOLDINGS, LLC - HOLDING COMPANY
- 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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2024-09-30
Top Buys (13F)
Name | % Change |
---|---|
SQM Sociedad Quimica Y M | 3.15% |
BEN Franklin Resources I | 2.44% |
ALTM Arcadium Lithium PLC | 2.08% |
IE Ivanhoe Electric Inc | 2.01% |
AL Air Lease Corp | 1.52% |

2024-09-30
Top Sells (13F)
Name | % Change |
---|---|
NEM Newmont Corp | 2.97% |
WPM Wheaton Precious Met | 2.12% |
RGLD Royal Gold Inc | 1.74% |
KT KT Corporation | 1.32% |
GOLD Barrick Gold Corp | 1.12% |

2024-09-30
13F Holdings Summary
Name | $ Change |
---|---|
KT KT Corporation | 13.03% |
SWN Southwestern Energy | 13% |
RRC Range Resources Corp | 9.22% |
GOLD Barrick Gold Corp | 8.77% |
RGLD Royal Gold Inc | 7.41% |

2024-09-30
13F Activity
Market Value | $1.00b, Prior: $1.00b |
Inflows (Outflows) as % of Total MV | (-0.6007)% |
New Purchases | 4 stocks |
Added To | 5 stocks |
Sold out of | 3 stocks |
Reduced holdings in | 12 stocks |
Top 10 Holdings % | 80.77% |
Turnover %[1] | 20.59% |
Turnover Alt %[2] | 12.93% |
Time Held Top 20 | 12.35 quarters |
Time Held Top 10 | 11.6 quarters |
Time Held All | 13.9 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.

2024-09-30
13F Sector Allocation Over Time
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2024-09-30
Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30