Kopernik Global Investors, LLC
Annual return '25
+19.2%
SPY '25
+17.7%
Alpha
+1.5ptsvs SPY
Invested
$2.9B
Holdings
31
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 68%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SA
SEABRIDGE GOLD INC
Held since at least Q1 2024
14.5%
02
$RRC
RANGE RES CORP
Held since at least Q1 2024
13.2%
03
$KT
KT CORP
Held since at least Q1 2024
8.0%
04
$NTR
NUTRIEN LTD
Held since at least Q1 2024
7.5%
05
$EXE
EXPAND ENERGY CORPORATION
Held since at least Q1 2024
6.2%
06
$BEN
FRANKLIN RESOURCES INC
Held since at least Q1 2024
5.8%
07
$CNC
CENTENE CORP DEL
Held since at least Q1 2024
5.8%
08
$NG
NOVAGOLD RESOURCES INC
Held since at least Q1 2024
4.1%
09
$CRESY
CRESUD S A C I F Y A
Held since at least Q1 2024
3.9%
10
$WY
WEYERHAEUSER CO
Held since at least Q1 2024
3.2%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:28 UTC.