Kopernik Global Investors 13F annual report
Kopernik Global Investors is an investment fund managing more than $887 billion ran by Sarah Bertrand. There are currently 22 companies in Mrs. Bertrand’s portfolio. The largest investments include KT and Southwestern, together worth $251 billion.
$887 billion Assets Under Management (AUM)
As of 7th August 2024, Kopernik Global Investors’s top holding is 9,319,404 shares of KT currently worth over $127 billion and making up 14.4% of the portfolio value.
Relative to the number of outstanding shares of KT, Kopernik Global Investors owns more than approximately 0.1% of the company.
In addition, the fund holds 18,294,597 shares of Southwestern worth $123 billion, whose value fell 3.3% in the past six months.
The third-largest holding is Barrick Gold worth $87.8 billion and the next is Wheaton Precious Metals Corp worth $82.6 billion, with 1,576,018 shares owned.
Currently, Kopernik Global Investors's portfolio is worth at least $887 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Kopernik Global Investors
The Kopernik Global Investors office and employees reside in Tampa, Florida. According to the last 13-F report filed with the SEC, Sarah Bertrand serves as the General Counsel / CCO at Kopernik Global Investors.
Recent trades
In the most recent 13F filing, Kopernik Global Investors revealed that it had opened a new position in
Arcadium Lithium Plc and bought 8,427,453 shares worth $28.3 billion.
The investment fund also strengthened its position in KT by buying
909,182 additional shares.
This makes their stake in KT total 9,319,404 shares worth $127 billion.
KT soared 15.8% in the past year.
On the other hand, there are companies that Kopernik Global Investors is getting rid of from its portfolio.
Kopernik Global Investors closed its position in Air Lease Corp on 14th August 2024.
It sold the previously owned 269,465 shares for $13.9 billion.
Sarah Bertrand also disclosed a decreased stake in Southwestern by approximately 0.1%.
This leaves the value of the investment at $123 billion and 18,294,597 shares.
One of the average hedge funds
The two most similar investment funds to Kopernik Global Investors are Pale Fire Capital Se and Palo Alto Investors L.P.. They manage $887 billion and $887 billion respectively.
Sarah Bertrand investment strategy
Kopernik Global Investors’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Materials — making up 40.8% of
the total portfolio value.
The fund focuses on investments in the United States as
18.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
14% of the total holdings value.
On the other hand, small-cap stocks make up only 4.5% of the portfolio.
The average market cap of the portfolio companies is close to $10.8 billion.
The complete list of Kopernik Global Investors trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| KT Corporation |
10.81%
9,319,404
|
$127,396,253,000 | 14.36% |
| Southwestern Energy Company |
0.37%
18,294,597
|
$123,122,638,000 | 13.88% |
| Barrick Gold Corp. |
74.82%
5,263,236
|
$87,790,776,000 | 9.90% |
| Wheaton Precious Metals Corp |
34.20%
1,576,018
|
$82,614,864,000 | 9.31% |
| Royal Gold, Inc. |
3.43%
648,666
|
$81,187,037,000 | 9.15% |
| Range Res Corp |
22.53%
2,276,052
|
$76,316,024,000 | 8.60% |
| Novagold Res Inc |
22.22%
16,985,894
|
$58,771,193,000 | 6.62% |
| Seabridge Gold, Inc. |
No change
3,254,808
|
$44,558,322,000 | 5.02% |
| Arcadium Lithium Plc |
Opened
8,427,453
|
$28,316,242,000 | 3.19% |
| Harmony Gold Mining Co Ltd |
48.12%
2,933,890
|
$26,903,771,000 | 3.03% |
| Newmont Corp |
73.26%
630,413
|
$26,395,392,000 | 2.98% |
| Perpetua Resources Corp |
3.58%
5,062,707
|
$26,326,076,000 | 2.97% |
| Sociedad Quimica Y Minera De |
Opened
640,997
|
$26,120,628,000 | 2.94% |
| Alibaba Group Hldg Ltd |
5.46%
338,147
|
$24,346,584,000 | 2.74% |
| Air Lease Corp |
Closed
269,465
|
$13,861,280,000 | |
| Skywest Inc. |
Closed
174,226
|
$12,035,532,000 | |
| Sandstorm Gold Ltd |
17.98%
1,984,811
|
$10,797,372,000 | 1.22% |
| Korea Elec Pwr Corp |
No change
1,484,093
|
$10,522,219,000 | 1.19% |
| Northern Dynasty Minerals Lt |
No change
32,070,691
|
$9,957,950,000 | 1.12% |
| International Tower Hill Min |
0.12%
13,949,307
|
$6,895,840,000 | 0.78% |
| Cresud S A C I F Y A |
No change
778,894
|
$6,402,509,000 | 0.72% |
| Vista Gold Corp. |
12.73%
3,942,622
|
$1,833,319,000 | 0.21% |
| Ivanhoe Electric Inc |
25.36%
39,317
|
$368,793,000 | 0.04% |
| Irsa Inversiones Y Rep S A |
No change
28,990
|
$259,750,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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