Kopernik Global Investors, LLC
$1.63B
26
75.7%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 RRC | $245M | 14.98% | 2.79% | +57.0% | Q1 2018 |
 SA | $194M | 11.91% | 8.22% | +3.0% | Q3 2020 |
 EXE | $157M | 9.63% | 0.72% | +111.8% | Q4 2024 |
 KT | $156M | 9.57% | 3.75% | +69.9% | Q1 2014 |
 NTR | $138M | 8.43% | 0.38% | +53.5% | Q4 2024 |
 WY | $90M | 5.51% | 0.52% | +97.3% | Q1 2026 |
 CNXC | $71.2M | 4.36% | 5.20% | +95.2% | Q1 2026 |
 RYN | $69.6M | 4.26% | 1.09% | +49.5% | Q1 2026 |
 NAK | $61.8M | 3.79% | 5.76% | -1.5% | Q1 2014 |
 CRESY | $53.4M | 3.27% | 0.76% | +8.0% | Q1 2014 |
 NICE | $51.1M | 3.13% | 0.93% | +124.4% | Q1 2026 |
 BEN | $43.9M | 2.69% | 0.26% | -62.5% | Q2 2020 |
 RGLD | $42.9M | 2.63% | 0.25% | +149.5% | Q4 2015 |
 CNC | $41.5M | 2.54% | 0.13% | -74.3% | Q3 2025 |
 NG | $41.2M | 2.52% | 1.57% | +5.9% | Q1 2014 |
 THM | $37.3M | 2.29% | 7.17% | +6.3% | Q1 2018 |
 EPAM | $32M | 1.96% | 0.78% | New | Q2 2026 |
 CMCSA | $31.4M | 1.92% | 0.03% | +96.9% | Q4 2025 |
 VGZ | $26.8M | 1.64% | 9.62% | +1.4% | Q4 2021 |
 MOS | $23.7M | 1.45% | 0.35% | New | Q2 2026 |
 IE | $9.94M | 0.61% | 0.65% | -42.1% | Q3 2022 |
 B | $4.94M | 0.30% | 0.01% | -76.0% | Q2 2025 |
 NEM | $4.7M | 0.29% | 0.00% | +6513.4% | Q1 2014 |
 KEP | $2.51M | 0.15% | 0.03% | Not reported | Q4 2018 |
 IRS | $1.32M | 0.08% | 0.01% | 0.0% | Q4 2023 |
 PLG | $550K | 0.03% | 0.36% | +13.5% | Q1 2026 |
| Q1 2026 | |||||
| SA | $208M | 14.51% | 7.98% | +5.1% | Q3 2020 |
| RRC | $189M | 13.21% | 1.78% | -20.1% | Q1 2018 |
| KT | $114M | 7.97% | 2.21% | -7.8% | Q1 2014 |
| NTR | $107M | 7.50% | 0.25% | -18.8% | Q4 2024 |
| EXE | $89.3M | 6.24% | 0.34% | +19.4% | Q4 2024 |
| BEN | $83.2M | 5.81% | 0.68% | +4.6% | Q2 2020 |
| CNC | $82.4M | 5.75% | 0.51% | +24.3% | Q3 2025 |
| NG | $58.5M | 4.08% | 1.48% | -22.8% | Q1 2014 |
| CRESY | $56.2M | 3.92% | 0.70% | +4.0% | Q1 2014 |
| WY | $46.5M | 3.25% | 0.26% | New | Q1 2026 |
| NAK | $45.7M | 3.19% | 5.85% | +50.8% | Q1 2014 |
| RYN | $45.1M | 3.15% | 0.72% | New | Q1 2026 |
| CNXC | $44.5M | 3.11% | 2.67% | New | Q1 2026 |
| THM | $40.6M | 2.83% | 6.75% | +22.2% | Q1 2018 |
 MOH | $38.9M | 2.72% | 0.56% | +132.6% | Q4 2025 |
| NICE | $27.7M | 1.93% | 0.42% | New | Q1 2026 |
| VGZ | $27.1M | 1.90% | 9.49% | +461.6% | Q4 2021 |
| B | $22.8M | 1.60% | 0.03% | -5.1% | Q2 2025 |
| RGLD | $21.9M | 1.53% | 0.10% | -58.9% | Q4 2015 |
| IE | $21.1M | 1.47% | 1.13% | +316.1% | Q3 2022 |
 HUM | $19.7M | 1.37% | 0.09% | New | Q1 2026 |
| CMCSA | $18.6M | 1.30% | 0.02% | Not reported | Q4 2025 |
| AL | $18M | 1.26% | 0.25% | -2.6% | Q2 2022 |
| KEP | $2.95M | 0.21% | 0.03% | -22.8% | Q4 2018 |
| IRS | $1.38M | 0.10% | 0.01% | 0.0% | Q4 2023 |
| PLG | $635K | 0.04% | 0.32% | New | Q1 2026 |
| NEM | $82.4K | 0.01% | 0.00% | -96.7% | Q1 2014 |
| Q4 2025 | |||||
| SA | $207M | 16.49% | 7.59% | +0.5% | Q3 2020 |
| RRC | $185M | 14.75% | 2.23% | +18.5% | Q1 2018 |
| KT | $109M | 8.74% | 2.39% | +26.6% | Q1 2014 |
| NTR | $108M | 8.64% | 0.31% | +38.5% | Q4 2024 |
| CNC | $83.3M | 6.66% | 0.41% | -10.3% | Q3 2025 |
| BEN | $80.5M | 6.43% | 0.65% | +23.2% | Q2 2020 |
| NG | $78.6M | 6.27% | 2.07% | -35.8% | Q1 2014 |
| EXE | $75.2M | 6.01% | 0.29% | -7.7% | Q4 2024 |
| CRESY | $53.6M | 4.28% | 0.67% | +11.2% | Q1 2014 |
 SLB | $50.1M | 4.01% | 0.09% | -31.6% | Q3 2025 |
| RGLD | $46.6M | 3.72% | 0.25% | +80.7% | Q4 2015 |
| NAK | $42.7M | 3.41% | 3.88% | Not reported | Q1 2014 |
| THM | $26.9M | 2.15% | 6.95% | Not reported | Q1 2018 |
| B | $25.7M | 2.05% | 0.04% | -80.7% | Q2 2025 |
| MOH | $21.8M | 1.74% | 0.25% | New | Q4 2025 |
| CMCSA | $19.4M | 1.55% | 0.02% | New | Q4 2025 |
| AL | $18.3M | 1.46% | 0.26% | Not reported | Q2 2022 |
| IE | $6.85M | 0.55% | 0.29% | -67.9% | Q3 2022 |
| VGZ | $4.86M | 0.39% | 1.94% | -21.2% | Q4 2021 |
| KEP | $4.42M | 0.35% | 0.04% | Not reported | Q4 2018 |
| NEM | $2.32M | 0.19% | 0.00% | -52.2% | Q1 2014 |
| IRS | $1.41M | 0.11% | 0.01% | Not reported | Q4 2023 |
| Q3 2025 | |||||
| SA | $168M | 13.67% | 7.56% | -5.9% | Q3 2020 |
| RRC | $166M | 13.56% | 1.86% | +57.3% | Q1 2018 |
| NG | $116M | 9.42% | 3.23% | -31.3% | Q1 2014 |
| B | $100M | 8.16% | 0.18% | -40.4% | Q2 2025 |
| KT | $88.8M | 7.24% | 1.85% | +6.5% | Q1 2014 |
| CNC | $80.5M | 6.56% | 0.46% | New | Q3 2025 |
| EXE | $78.4M | 6.39% | 0.31% | +41.2% | Q4 2024 |
| NTR | $74.4M | 6.06% | 0.22% | +120.8% | Q4 2024 |
| SLB | $65.6M | 5.35% | 0.13% | New | Q3 2025 |
| BEN | $63.3M | 5.16% | 0.53% | -3.8% | Q2 2020 |
 SQM | $34.9M | 2.85% | 0.31% | -55.9% | Q3 2014 |
| CRESY | $34.3M | 2.79% | 0.63% | +55.8% | Q1 2014 |
| NAK | $26M | 2.12% | 4.03% | +10.1% | Q1 2014 |
| THM | $23.7M | 1.93% | 6.95% | Not reported | Q1 2018 |
| RGLD | $23.3M | 1.90% | 0.18% | +43.1% | Q4 2015 |
 SSL | $19.9M | 1.62% | Not reported | -1.0% | Q2 2017 |
| AL | $18.1M | 1.48% | 0.26% | -0.6% | Q2 2022 |
| IE | $16.8M | 1.37% | 1.00% | -60.9% | Q3 2022 |
 BORR | $13.4M | 1.09% | 2.11% | New | Q3 2025 |
| VGZ | $6.67M | 0.54% | 2.48% | -18.3% | Q4 2021 |
| NEM | $4.09M | 0.33% | 0.00% | -73.1% | Q1 2014 |
| KEP | $3.5M | 0.29% | 0.04% | Not reported | Q4 2018 |