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) 263

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

Sector Weighting

Basic Materials 58.21%
Capital Goods 1.94%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 1.04%
Energy 8.93%
Financial 2.43%
Healthcare
Services 4.06%
Technology 4.98%
Transportation 16.07%
Utilities 2.29%

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 43,418 -2,160 (4.74) 3,116,898
SKYWEST INC COM 32,633 -21,164 (39.34) 2,233,641
PEABODY ENERGY CORP COM 22,722 6,043 36.23 4,618,201
BARRICK GOLD CORP COM 21,780 -5,247 (19.42) 1,987,196
KINROSS GOLD CORP COM NO PAR 21,161 314 1.51 9,446,986
NEWMONT MINING CORP COM 18,185 -22,450 (55.25) 837,634
NOVAGOLD RES INC COM NEW 17,255 -1,136 (6.18) 5,829,344
TURQUOISE HILL RES LTD COM 14,571 -2,078 (12.48) 4,670,304
YANDEX N V SHS CLASS A 10,746 7,406 221.78 708,588
KT CORP SPONSORED ADR 10,666 3,167 42.23 815,464
SILVER STD RES INC COM 9,837 900 10.07 2,171,425
TSAKOS ENERGY NAVIGATION LTD SHS 9,612 -2,516 (20.75) 1,175,109
CENTRAIS ELETRICAS BRASILEIRAS SPON ADR PFD B 6,009 -2,899 (32.54) 2,861,305
LAYNE CHRISTENSEN CO COM 5,087 -1,274 (20.03) 1,015,329
SOCIEDAD QUIMICA MINERA DE CHI SPON ADR SER B 4,312 49 1.16 236,270
MARKET VECTORS ETF TR JR GOLD MINERS E 4,111 4,111 New 181,100
CRESUD S A C I F Y A SPONSORED ADR 2,743 342 14.23 199,345
NORTHERN DYNASTY MINERALS LTD COM NEW 2,468 78 3.26 6,411,620
NAM TAI PPTY INC SHS 2,342 347 17.37 589,814
MARKET VECTORS ETF TR COAL ETF 1,297 1,297 New 97,683