Kopernik Global Investors, LLC

CIK 0001599814 · Q1 2026

13F Equity AUM

$1.4B

+14.4% QoQ

Positions

+5 QoQ

AUM Rank

#2,223

Top 18%

Skill Alpha (FF)

+3.2%/yr^ns

No Clear Edge

Rank #880 · Top 11%

vs S&P -2.2%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 49.4%Top 10: 72.3%Top 20: 95.7%

SEA14.5%

RRC13.2%

KT8.0%

NTR7.5%

EXE6.2%

BEN5.8%

CNC5.8%

NG4.1%

CD83.9%

WY3.3%

Others (21)27.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials22.6%

Financial Services20.4%

Energy19.4%

Healthcare9.9%

Communication Services9.3%

Technology6.5%

Real Estate6.4%

Industrials5.3%

Other0.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 31Median: 1.93%Avg: 3.23%

0–0.5%

8(0.4%)

0.5–1%

0(0.0%)

1–3%

10(17.9%)

3–5%

6(20.7%)

5%+

7(61.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 28Unique: 3vs 20 funds

0.4%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

0.5%

0.9%

0.5%

0.6%

BANK OF AMERICA CORP /DE/

0.5%

VANGUARD CAPITAL MANAGEMENT LLC

0.7%

GEODE CAPITAL MANAGEMENT, LLC

0.7%

STATE STREET CORP

0.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New6Increased11Decreased10Exited2

New Positions

WY3.3%

+1.9M

RYN3.1%

+2.2M

CNXC3.1%

+1.6M

NSY1.9%

+251K

HUM1.4%

+113K

PTM0.0%

+359K

Increased

VGZ1.9%

+11.4M(+462%)

NAK3.2%

+11.0M(+51%)

ITH2.8%

+3.2M(+22%)

IE1.5%

+1.4M(+316%)

CNC5.8%

+492K(+24%)

SEA14.5%

+353K(+5%)

CD83.9%

+169K(+4%)

MOH2.7%

+166K(+133%)

BEN5.8%

+153K(+5%)

EXE6.2%

+132K(+19%)

Decreased

NG4.1%

-1,917,650(-23%)

RRC13.2%

-1,050,289(-20%)

KT8.0%

-446,830(-8%)

NTR7.5%

-329,879(-19%)

RGLD1.5%

-123,519(-59%)

KEP0.2%

-61,011(-23%)

B1.6%

-30,007(-5%)

NEM0.0%

-22,440(-97%)

AL1.3%

-7,401(-3%)

IRS0.1%

-3(0%)

Exited

SLB

-1,306,620

PAYX

-5,600

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...