David Iben's portfolio
Contrarian global value; seeks deeply undervalued hard-asset and emerging-market names worldwide.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- EPAM SystemsEPAM$32M
- MosaicMOS$24M
Added to
- Range ResourcesRRC$245M
- Seabridge GoldSA$194M
- Expand EnergyEXE$157M
- KTKT$156M
- NutrienNTR$138M
- WeyerhaeuserWY$90M
- ConcentrixCNXC$71M
- RayonierRYN$70M
- Cresud SACIF y ACRESY$53M
- Nice Ltd ADRNICE$51M
Trimmed
- Northern Dynasty MineralsNAK$62M
- Franklin ResourcesBEN$44M
- CenteneCNC$42M
- Ivanhoe ElectricIE$10M
- Barrick MiningB$5M
- IRSA Inversiones Y RepresentacionesIRS$1M
Sold out
None this quarter.
Holdings
30 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Range ResourcesRRC | 14.98% | $245M | 6,575,941 | Added |
| Seabridge GoldSA | 11.91% | $194M | 7,554,992 | Added |
| Expand EnergyEXE | 9.63% | $157M | 1,723,513 | Added |
| KTKT | 9.57% | $156M | 9,043,938 | Added |
| NutrienNTR | 8.43% | $138M | 2,185,431 | Added |
| WeyerhaeuserWY | 5.51% | $90M | 3,758,427 | Added |
| ConcentrixCNXC | 4.36% | $71M | 3,175,766 | Added |
| RayonierRYN | 4.26% | $70M | 3,268,598 | Added |
| Northern Dynasty MineralsNAK | 3.79% | $62M | 32,178,392 | Trimmed |
| Cresud SACIF y ACRESY | 3.27% | $53M | 4,767,644 | Added |
| Nice Ltd ADRNICE | 3.13% | $51M | 563,013 | Added |
| Franklin ResourcesBEN | 2.69% | $44M | 1,320,571 | Trimmed |
| Royal GoldRGLD | 2.63% | $43M | 214,983 | Added |
| CenteneCNC | 2.54% | $42M | 646,716 | Trimmed |
| NovaGold ResourcesNG | 2.52% | $41M | 6,898,074 | Added |
| THMTHM | 2.29% | $37M | 18,767,533 | Added |
| EPAM SystemsEPAM | 1.96% | $32M | 402,809 | New |
| ComcastCMCSA | 1.92% | $31M | 1,278,141 | Added |
| VGZVGZ | 1.64% | $27M | 14,049,338 | Added |
| MosaicMOS | 1.45% | $24M | 1,119,095 | New |
| Ivanhoe ElectricIE | 0.61% | $10M | 1,033,970 | Trimmed |
| Barrick MiningB | 0.30% | $5M | 134,459 | Trimmed |
| Newmont | 0.29% | $5M | 50,328 | Held |
| Korea Elec Pwr | 0.15% | $3M | 207,140 | Held |
| IRSA Inversiones Y RepresentacionesIRS | 0.08% | $1M | 85,360 | Trimmed |
| PLGPLG | 0.03% | $549,592 | 407,105 | Added |
| AutoZoneAZO | 0.02% | $260,800 | 400 | Held |
| AmgenAMGN | 0.00% | $38,010 | 4,200 | Held |
| AppleAAPL | 0.00% | $34,000 | 5,000 | Held |
| AbbVieABBV | 0.00% | $33,580 | 4,600 | Held |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does David Iben own?
In the Q2 2026 13F, Kopernik Global Investors reported 30 US stock positions worth $1.6B. The largest: Range Resources (RRC) 15.0%, Seabridge Gold (SA) 11.9%, Expand Energy (EXE) 9.6%, KT (KT) 9.6%, Nutrien (NTR) 8.4%.
What did David Iben buy last quarter?
In Q2 2026: new position in EPAM Systems (EPAM); new position in Mosaic (MOS); added to Range Resources (RRC); added to Seabridge Gold (SA); added to Expand Energy (EXE).
When is David Iben's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.