KGGAX Holdings — Kopernik Global All Cap Fund
Data updated: 2026-09-28
KGGAX holds 181 securities. The top 10 make up 29.8% of net assets, led by Brown Brothers Harriman Sweep Interest (7.26%) and Valterra Platinum Limited Common Stock (4.38%). Materials (28.4%) and Industrials (12.0%) are the largest sectors, and 27.9% of the portfolio is in United States. Debt holdings: 1 position, 0.9% of assets.
Holdings cover 99.69% of net asset value (99.18% of total assets; remainder is cash and receivables). As of July 31, 2026 · N-PORT.
KGGAX Portfolio Holdings
181 holdings of Kopernik Global All Cap Fund by percentage of net assets, from the fund's SEC N-PORT filing as of July 31, 2026. The 100 largest are listed below; the interactive table on this page lists all 181.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Brown Brothers Harriman Sweep Interest | — | Unknown | 7.26% | $234.59M |
| Valterra Platinum Limited Common Stock | — | Materials | 4.38% | $141.71M |
| Range Resources Corp. Common Stock | RRC | Energy | 3.02% | $97.49M |
| Lg Uplus Corp. Common Stock | — | Communication Services | 2.96% | $95.76M |
| K+s AG-Reg Common Stock | — | Materials | 2.57% | $83.16M |
| Impala Platinum Holdings Ltd. Common Stock | — | Materials | 2.25% | $72.84M |
| Golden Agri-Resources Ltd. Common Stock | — | Consumer Staples | 2.13% | $68.97M |
| Expand Energy Corp. Common Stock | EXE | Energy | 1.87% | $60.46M |
| Seabridge Gold, Inc. Common Stock | SA | Materials | 1.75% | $56.58M |
| West Japan Railway Co. Common Stock | — | Industrials | 1.62% | $52.23M |
| Korea Electric Power Corp. Common Stock | — | Utilities | 1.53% | $49.60M |
| Ck Hutchison Holdings Ltd. Common Stock | — | Industrials | 1.53% | $49.32M |
| Nutrien Ltd. Common Stock | NTR | Materials | 1.47% | $47.58M |
| Ivanhoe Mines Ltd.-Cl A Common Stock | — | Materials | 1.41% | $45.63M |
| Kt Corp.-Sp ADR Depositary Receipt | KT | Communication Services | 1.34% | $43.40M |
| Glencore PLC Common Stock | GLCNF | Materials | 1.29% | $41.71M |
| Sibanye Stillwater Ltd. Common Stock | SBYSF | Materials | 1.25% | $40.51M |
| Vale SA Common Stock | — | Materials | 1.25% | $40.25M |
| China Communications Servi-H Common Stock | — | Communication Services | 1.24% | $40.01M |
| Paladin Energy Ltd. Common Stock | — | Energy | 1.21% | $39.24M |
| Sprott Physical Uranium Tr Mutual Fund | — | Funds & ETFs | 1.19% | $38.56M |
| Seabridge Gold, Inc. Common Stock | SA | Materials | 1.13% | $36.68M |
| Weyerhaeuser Co. REIT | WY | Real Estate | 1.07% | $34.73M |
| Lg Corp. Common Stock | — | Consumer Discretionary | 1.03% | $33.24M |
| Meituan-Class B Common Stock | — | Consumer Discretionary | 1.02% | $32.85M |
| Carrefour SA Common Stock | — | Consumer Staples | 1.00% | $32.41M |
| Yellow Cake PLC Common Stock | — | Materials | 0.98% | $31.62M |
| Saudi Arabian Oil Co. Common Stock | — | Energy | 0.97% | $31.45M |
| Eramet Common Stock | — | Materials | 0.95% | $30.74M |
| Bangkok Bank Pcl-Foreign Reg Common Stock | — | Financials | 0.93% | $30.16M |
| Concentrix Corp. Common Stock | CNXC | Industrials | 0.92% | $29.61M |
| Nak Priv 12/18/2033 Rate 2.00 Maturity Date 12/11/2033 | — | Unknown | 0.89% | $28.76M |
| Empresa Nacional De Telecom Common Stock | — | Communication Services | 0.88% | $28.42M |
| Teleperformance Common Stock | — | Industrials | 0.85% | $27.43M |
| Petroleo Brasileiro SA - Petrobras PREFERRED STOCK | — | Energy | 0.84% | $27.18M |
| Gs Holdings Common Stock | — | Consumer Discretionary | 0.84% | $27.08M |
| Champion Iron Ltd. Common Stock | — | Materials | 0.82% | $26.65M |
| Rayonier, Inc. REIT | RYN | Real Estate | 0.82% | $26.42M |
| Draegerwerk AG & Co KGaA PREFERRED STOCK | — | Industrials | 0.81% | $26.20M |
| Mhp SE Depositary Receipt | — | Consumer Staples | 0.80% | $25.80M |
| Cenovus Energy, Inc. Common Stock | CVE | Energy | 0.80% | $25.76M |
| Kt Corp. Common Stock | — | Communication Services | 0.80% | $25.75M |
| Japan Petroleum Exploration Common Stock | — | Energy | 0.77% | $24.86M |
| Didi Global, Inc. Depositary Receipt | DIDIY | Industrials | 0.77% | $24.81M |
| Dl E&c Co. Ltd. Common Stock | — | Industrials | 0.77% | $24.78M |
| Travis Perkins PLC Common Stock | — | Consumer Discretionary | 0.75% | $24.38M |
| China Reinsurance Group Co.-H Common Stock | — | Financials | 0.74% | $23.78M |
| Cresud S.a.-Spons ADR Depositary Receipt | CRESY | Real Estate | 0.71% | $22.97M |
| Slc Agricola SA Common Stock | — | Consumer Staples | 0.66% | $21.32M |
| Cgn Power Co. Ltd.-H Common Stock | — | Utilities | 0.65% | $21.02M |
| Chong Kun Dang Pharmaceutica Common Stock | — | Health Care | 0.64% | $20.71M |
| Pan Ocean Co. Ltd. Common Stock | — | Industrials | 0.61% | $19.81M |
| Empresas Cmpc SA Common Stock | — | Materials | 0.57% | $18.52M |
| Deterra Royalties Ltd. Common Stock | — | Materials | 0.56% | $17.98M |
| Stora Enso Oyj-R Shs Common Stock | — | Materials | 0.55% | $17.74M |
| First Pacific Co. Common Stock | — | Unknown | 0.55% | $17.74M |
| Tokyo Metro Co. Ltd. Common Stock | — | Industrials | 0.55% | $17.71M |
| Paladin Energy Ltd. Common Stock | — | Energy | 0.54% | $17.47M |
| Korean Air Lines Co. Ltd. Common Stock | — | Industrials | 0.54% | $17.30M |
| Empresas Copec SA Common Stock | — | Energy | 0.52% | $16.81M |
| Royal Gold, Inc. Common Stock | RGLD | Financials | 0.51% | $16.36M |
| Sjm Holdings Ltd. Common Stock | — | Consumer Discretionary | 0.50% | $16.22M |
| Bhp Group Ltd. Common Stock | BHPLF | Materials | 0.50% | $16.02M |
| Inpex Corp. Common Stock | — | Energy | 0.49% | $15.93M |
| Nice Ltd. - Spon ADR Depositary Receipt | NICE | Information Technology | 0.49% | $15.82M |
| Kyorin Pharmaceutical Co. Ltd. Common Stock | — | Health Care | 0.47% | $15.18M |
| Hankook & Co. Common Stock | — | Consumer Discretionary | 0.47% | $15.04M |
| Centene Corp. Common Stock | CNC | Health Care | 0.46% | $14.94M |
| Polyus Pjsc-Reg S-Gdr Depositary Receipt | — | Materials | 0.46% | $14.86M |
| Guangshen Railway Co. Ltd.-H Common Stock | — | Industrials | 0.46% | $14.85M |
| Genting Plantations Bhd Common Stock | — | Consumer Staples | 0.45% | $14.68M |
| Nac Kazatomprom Jsc-144a Depositary Receipt | — | Materials | 0.45% | $14.51M |
| Kamigumi Co. Ltd. Common Stock | — | Industrials | 0.44% | $14.32M |
| Indofood Sukses Makmur Tbk P Common Stock | — | Consumer Staples | 0.44% | $14.15M |
| Close Brothers Group PLC Common Stock | — | Financials | 0.42% | $13.73M |
| Sberbank of Russia Pjsc Common Stock | — | Financials | 0.41% | $13.19M |
| Kasikornbank Pcl-Foreign Common Stock | — | Financials | 0.40% | $13.06M |
| Intl Tower Hill Mines Ltd. Common Stock | THM | Materials | 0.40% | $12.96M |
| Franklin Resources, Inc. Common Stock | BEN | Financials | 0.40% | $12.84M |
| Western Copper and Gold Corp. Common Stock | WRN | Materials | 0.39% | $12.74M |
| Gt Capital Holdings, Inc. Common Stock | — | Financials | 0.39% | $12.68M |
| Oriental Holdings Berhad Common Stock | — | Consumer Discretionary | 0.39% | $12.57M |
| Spxw US 08/31/26 P7540 Long | SRQ26P Y 7540 US INDEX | Unknown | 0.37% | $11.88M |
| Sinopharm Group Co.-H Common Stock | — | Health Care | 0.35% | $11.33M |
| Comcast Corp.-Class A Common Stock | CMCSA | Communication Services | 0.35% | $11.31M |
| Electric Power Development C Common Stock | — | Utilities | 0.34% | $11.14M |
| Brasilagro-Cia Brasileira De Common Stock | — | Real Estate | 0.33% | $10.71M |
| Novagold Resources, Inc. Common Stock | NG | Materials | 0.33% | $10.56M |
| China Gas Holdings Ltd. Common Stock | — | Utilities | 0.32% | $10.24M |
| Fukuda Corp. Common Stock | — | Industrials | 0.32% | $10.23M |
| Novagold Resources, Inc. 04/22/2030 Warrant | — | Unknown | 0.31% | $10.16M |
| Novagold Resources, Inc. 09/10/2030 Pnote | — | Unknown | 0.30% | $9.84M |
| Axia Energia SA Common Stock | — | Utilities | 0.30% | $9.83M |
| Man Group Plc/jersey Common Stock | — | Financials | 0.29% | $9.53M |
| Grupo Financiero Inbursa-O Common Stock | — | Financials | 0.28% | $9.07M |
| Gazprom Pjsc Common Stock | — | Energy | 0.28% | $9.01M |
| Lx Holdings Corp. Common Stock | — | Industrials | 0.28% | $9.02M |
| Lenta PLC Depositary Receipt | — | Consumer Staples | 0.28% | $8.95M |
| Kato Sangyo Co. Ltd. Common Stock | — | Industrials | 0.27% | $8.88M |
| Ayala Corporation Common Stock | — | Industrials | 0.27% | $8.85M |
KGGAX Sector Allocation
Kopernik Global All Cap Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Materials | 28.4% | 42 |
| Industrials | 12.0% | 20 |
| Energy | 11.9% | 14 |
| Communication Services | 8.0% | 8 |
| Consumer Staples | 6.4% | 11 |
| Financials | 6.1% | 17 |
| Consumer Discretionary | 5.5% | 11 |
| Utilities | 3.7% | 8 |
| Real Estate | 3.2% | 8 |
| Health Care | 2.2% | 5 |
| Funds & ETFs | 1.4% | 2 |
| Information Technology | 1.3% | 5 |
| Equity — Other | 0.1% | 1 |
| Corporate Bonds | 0.0% | 1 |
| Unknown | 9.9% | 28 |
KGGAX Country Allocation
Where Kopernik Global All Cap Fund's holdings are domiciled, by percentage of net assets (largest 15).
| Country | % of net assets |
|---|---|
| United States | 27.9% |
| South Korea | 10.9% |
| Hong Kong SAR China | 8.3% |
| South Africa | 7.9% |
| United Kingdom | 7.0% |
| Canada | 6.6% |
| Japan | 5.5% |
| Brazil | 3.5% |
| Germany | 3.4% |
| Australia | 3.3% |
| France | 2.8% |
| Singapore | 2.3% |
| Chile | 2.0% |
| Russia | 1.5% |
| Thailand | 1.3% |
KGGAX Portfolio Allocation
Asset-class allocation of Kopernik Global All Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 90.1% |
| Cash & Equivalents | 7.5% |
| Fixed Income | 0.9% |
| Other | 0.6% |
| Real Estate | 0.6% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.