Ownership history in Kopernik Global Investors, LLC Β· 41 quarters on record
This page tracks every 13F SEC filing in which Kopernik Global Investors, LLC reported a position in ROYAL GOLD INC (RGLD). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β sourced directly from SEC EDGAR 13F filings.
π Kopernik Global Investors, LLC outperformed the S&P 500 by +2.5% annually on this RGLD position. Timing score: 58% (21/36 decisions correct). Average cost basis: $79.29. Maximum drawdown during holding period: β33.4%.
β
Outperformed SPY on this position by 2.5% ann.
11 quarters analyzed
β
Decent timing β more right than wrong on entries and exits.
21 of 36 add/trim decisions correct
Best entry: $32.19 (2015 Q4) Β· Worst: $221.82 (2025 Q4)
πͺ Held through 3 major drawdowns (>20%). Diamond-hands conviction.
15 adds Β· 22 trims. Bought during 7 of 13 down-price quarters. π Predominantly trimming β distribution phase.
π Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 3.72% of portfolio
β Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ 4 (annualised). Not investment advice.
As of 2025 Q4 β sorted by position size