# Kopernik Global Investors, LLC

> Kopernik Global Investors, LLC is an SEC-registered investment advisory firm in Tampa, FL, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 27, 2026.

- CRD: 168625
- Filed as: KOPERNIK GLOBAL INVESTORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tampa, FL
- Filing period: October 2026
- Form ADV filing dated: July 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168625
- AdvisorCensus page: https://advisorcensus.com/firm/kopernik-global-investors-llc-tampa-fl-168625

## Quick answers

**How is Kopernik Global Investors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kopernik Global Investors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Kopernik Global Investors, LLC located?**
Kopernik Global Investors, LLC's principal office is in Tampa, FL, according to its Form ADV.

**Is Kopernik Global Investors, LLC registered with the SEC or a state?**
Kopernik Global Investors, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 168625.

**How much does Kopernik Global Investors, LLC manage?**
Kopernik Global Investors, LLC reports $10,176,761,958 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (100% discretionary).

**How have Kopernik Global Investors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Kopernik Global Investors, LLC: Regulatory assets under management: $4,300,557,614 in the October 2021 data and $10,176,761,958 in the October 2026 data, up 137%. Total employees: 36 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kopernik Global Investors, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); investment companies (3); other investment advisers (2).

**Which custodians does Kopernik Global Investors, LLC use?**
Kopernik Global Investors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Brown Brothers Harriman & Co. and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Kopernik Global Investors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168625

**What changed in Kopernik Global Investors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 20 to 22. Regulatory assets under management went from $5,515,697,989 to $10,176,761,958 (+85%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Brown Brothers Harriman & Co.
- The Northern Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $10,176,761,958
- Discretionary: $10,176,761,958
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 3 | $4,392,636,528 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $4,453,341,484 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $838,126,432 |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 2 | $492,657,514 |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2013 (13 years)
- Employees: 44 total, 22 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kopernikglobal.com
- LinkedIn @KOPERNIK-GLOBAL-INVESTORS-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,300,557,614 | 36 | March 31, 2021 |
| October 2022 | $6,230,111,486 | 41 | August 24, 2022 |
| October 2023 | $5,654,853,917 | 43 | April 29, 2023 |
| October 2024 | $5,490,380,153 | 42 | March 28, 2024 |
| October 2025 | $5,515,697,989 | 45 | March 28, 2025 |
| October 2026 | $10,176,761,958 | 44 | July 27, 2026 |

Regulatory assets under management: $4,300,557,614 in the October 2021 data and $10,176,761,958 in the October 2026 data, up 137%.
Total employees: 36 in October 2021 and 44 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 22.
- Regulatory assets under management went from $5,515,697,989 to $10,176,761,958 (+85%).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kopernik Global Investors, LLC (CRD 168625): Form ADV filing data as of October 2026.