KOPERNIK GLOBAL INVESTORS, LLC Information

TWO HARBOUR PLACE, 302 KNIGHTS RUN AVE., TAMPA, Florida, 33602, (813) 314-6112

Report Date: 12/31/2014

Position Statistics

Total Positions 24
New Positions 3
Increased Positions 13
Decreased Positions 10
Positions with Activity 23
Sold Out Positions 1
Total Mkt Value (in $ millions) 308

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 58.39%
Capital Goods 2.14%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.81%
Energy 12.16%
Financial 2.38%
Healthcare
Services 3.71%
Technology 4.67%
Transportation 13.45%
Utilities 2.24%

24 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CAMECO CORP COM 48,156 -2,396 (4.74) 3,116,898
PEABODY ENERGY CORP COM 36,484 9,703 36.23 4,618,201
SKYWEST INC COM 32,656 -21,178 (39.34) 2,233,641
KINROSS GOLD CORP COM NO PAR 26,829 398 1.51 9,446,986
BARRICK GOLD CORP COM 25,873 -6,234 (19.42) 1,987,196
NEWMONT MINING CORP COM 22,055 -27,227 (55.25) 837,634
NOVAGOLD RES INC COM NEW 21,685 -1,428 (6.18) 5,829,344
TURQUOISE HILL RES LTD COM 14,665 -2,092 (12.48) 4,670,304
YANDEX N V SHS CLASS A 11,656 8,034 221.78 708,588
KT CORP SPONSORED ADR 11,425 3,392 42.23 815,464
SILVER STD RES INC COM 11,422 1,045 10.07 2,171,425
TSAKOS ENERGY NAVIGATION LTD SHS 8,813 -2,307 (20.75) 1,175,109
CENTRAIS ELETRICAS BRASILEIRAS SPON ADR PFD B 6,896 -3,327 (32.54) 2,861,305
LAYNE CHRISTENSEN CO COM 6,600 -1,653 (20.03) 1,015,329
SOCIEDAD QUIMICA MINERA DE CHI SPON ADR SER B 6,072 69 1.16 236,270
MARKET VECTORS ETF TR JR GOLD MINERS E 4,812 4,812 New 181,100
NORTHERN DYNASTY MINERALS LTD COM NEW 3,212 101 3.26 6,411,620
NAM TAI PPTY INC SHS 2,725 403 17.37 589,814
CRESUD S A C I F Y A SPONSORED ADR 2,489 310 14.23 199,345
MARKET VECTORS ETF TR COAL ETF 1,407 1,407 New 97,683