Q2 2026 13F · SEC CIK 1599814
Kopernik Global Investors, LLC
Hedge fundFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $1.6B
- Reported positions
- 26
- Top holdings a year, 3 yrs
- +40.6%
- Assets under management
- $10.2B
Kopernik Global Investors, LLC is a hedge fund that reported 26 positions worth $1.6B in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Range Res Corp (RRC, 15.0%), Seabridge Gold Ord (SA, 11.9%), Expand Energy Corporation (EXE, 9.6%). A portfolio copying its top holdings returned 40.6% a year over the last 3 years, against 20.4% for the S&P 500.
Kopernik Global Investors, LLC holdings all 26 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What Kopernik Global Investors, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- SA Seabridge Gold Ord11.9% of 13F
- EPAM EPAM Systems Inc2.0% of 13F
- MOS Mosaic Co1.5% of 13F
Added to
- NEM Newmont Corp+6513.4% shares
- RGLD Royal Gold Inc+149.5% shares
- NICE Nice Ltd+124.4% shares
- EXE Expand Energy Corporation+111.8% shares
- WY Weyerhaeuser Company Com New REIT+97.3% shares
- CMCSA Comcast Corp New+96.9% shares
- CNXC Concentrix Corp+95.2% shares
- KT Kt Corp+69.9% shares
Reduced
- B Barrick Mng Corp-76.0% shares
- CNC Centene Corp Del-74.3% shares
- BEN Franklin Templeton Inc-62.5% shares
- IE Ivanhoe Electric Inc-42.0% shares
Sold out
- SA Seabridge Gold Incwas 14.5%
- MOH Molina Healthcare Incwas 2.7%
- HUM Humana Incwas 1.4%
- AL Air Lease Corpwas 1.3%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +48.5% /yr
- S&P 500 +20.1%
- 3 years
- +40.6% /yr
- S&P 500 +20.4%
- 5 years
- +33.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 26 |
| Q1 2026 | $1.4B | 27 |
| Q4 2025 | $1.3B | 22 |
| Q3 2025 | $1.2B | 22 |
| Q2 2025 | $910.0M | 22 |
| Q1 2025 | $964.4M | 24 |
| Q4 2024 | $935.1M | 26 |
| Q3 2024 | $999.6M | 24 |
| Q2 2024 | $887.2M | 22 |
| Q1 2024 | $952.9M | 22 |
| Q4 2023 | $965.1M | 23 |
| Q3 2023 | $860.8M | 22 |
Questions about Kopernik Global Investors, LLC's portfolio
What stocks does Kopernik Global Investors, LLC own?
Kopernik Global Investors, LLC's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 26 positions worth $1.6B. The largest are Range Res Corp (RRC) at 15.0%, Seabridge Gold Ord (SA) at 11.9%, Expand Energy Corporation (EXE) at 9.6%, Kt Corp (KT) at 9.6% and Nutrien Ltd (NTR) at 8.4%.
What did Kopernik Global Investors, LLC buy last quarter?
In Q2 2026, Kopernik Global Investors, LLC added a new position in Seabridge Gold Ord (SA), a new position in EPAM Systems Inc (EPAM), a new position in Mosaic Co (MOS), Newmont Corp (NEM) (+6513.4% shares), Royal Gold Inc (RGLD) (+149.5% shares) and Nice Ltd (NICE) (+124.4% shares), compared with its Q1 2026 filing.
What did Kopernik Global Investors, LLC sell last quarter?
In Q2 2026, Kopernik Global Investors, LLC sold all of Seabridge Gold Inc (SA), sold all of Molina Healthcare Inc (MOH), sold all of Humana Inc (HUM), sold all of Air Lease Corp (AL), Barrick Mng Corp (B) (-76.0% shares), Centene Corp Del (CNC) (-74.3% shares) and Franklin Templeton Inc (BEN) (-62.5% shares), compared with its Q1 2026 filing.
How has Kopernik Global Investors, LLC's portfolio performed?
A portfolio copying Kopernik Global Investors, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +40.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +48.5% against +20.1%. Over 5 years: +33.5% a year against +11.6%.
When is Kopernik Global Investors, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Kopernik Global Investors, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Kopernik Global Investors, LLC manage?
Kopernik Global Investors, LLC reported $10.2B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.6B.