David Iben’s Kopernik Global is an investment management firm, which trades primarily in global corporate public equity, including shares of all sized businesses domiciled in developed and emerging economies. Its investment strategy includes actively managed, research-driven, fundamentals-based, value-oriented process. The fund began investing using these three strategies in July 2013. Kopernik’s investment discipline seeks to identify potential investments that trade at significant differentials (discounts or premiums) to their risk-adjusted intrinsic values.
In the latest 13F filing the fund revealed the holdings in its equity portfolio; this is the first 13F filed by the fund. We have picked the top five holdings of the fund in terms of value, the total value of David Iben’s equity portfolio was $62.15 million at the end of the fourth quarter.
David Iben of Kopernik Global Investors
On the first spot is Cameco Corporation (USA) (NYSE:CCJ), which is engaged in exploration and development of mining, refining, conversion and fabrication of uranium. The fund held 330,273 shares at the end of the fourth quarter, with a reported value of $6.86 million.
Soros Fund Management, led by George Soros, held 1.87 million shares at the end of the third quarter of 2013, and is the largest shareholder among all the hedge funds we track
Second on the list is Barrick Gold Corporation (USA) (NYSE:ABX), engaged in production, exploration, mining and exchange of gold is the second largest holding. The position in Barrick Gold Corporation (USA) contains 322,822 shares, with a value of $5.69 million.
Jonathon Jacobson’s Highfields Capital Management, held 13.05 million shares of Barrick Gold Corporation (USA) (NYSE:ABX), at the end of the third quarter.
Coming in third is Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B), a $1 billion market cap company, that is primarily engaged in electric power generation, the position contained 1.27 million shares, worth $5.57 million.
Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, initiated a position in Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B), in the third quarter of 2013 and held 750,308 shares.
On the fourth spot is Arch Coal Inc (NYSE:ACI) a coal company which supplies coal to power plants. The fund holds 976,923 shares. The value of the holding amounts $4.35 million.
David Iben’s fifth-largest holding is represented by Kinross Gold Corporation (USA) (NYSE:KGC), which is engaged in gold mining and related activities in basic materials industry. The fund holds 961,434 shares; the value of the holding was $4.21 million.
First Eagle Investment Management, run by Jean-Marie Eveillard, boosted its stake in Kinross Gold Corporation (USA) (NYSE:KGC) by 21% to 75.34 million shares at the end of the third quarter
Disclosure: none
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