Top 5 Stock Picks of David Iben’s Kopernik Global Investors

3. KT Corporation (NYSE:KT)

Kopernik Global Investors’ Stake Value: $106.48 million

Percentage of Kopernik Global Investors’ 13F Portfolio: 11.95%

Number of Hedge Fund Holders: 12

According to regulatory filings for the third quarter, KT Corporation (NYSE:KT) was the third-largest holding of Kopernik Global Investors, with 7.81 million shares valued at $106.48 million, which accounts for 11.95% of the fund’s overall portfolio. This is an increase of 14% over the preceding quarter, where Kopernik Global held 6.89 million shares in the company.

KT Corporation (NYSE:KT) is a provider of integrated telecommunication services and is based in South Korea. It also provides internet, media content and software development services.  The company’s revenue for Q3 stood at $3.94 billion, which was above estimates by $30.61 million.

In December, KT Corporation (NYSE:KT) announced a $5 million equity investment in NeuroSigma, which is the maker of the first device-based, non-drug therapy to treat pediatric ADHD approved by the FDA.

Out of all the hedge funds tracked by Insider Monkey, 12 reported holding stakes in KT Corporation (NYSE:KT) at the close of the third quarter, with a combined value of $166.76 million. This is down from 14 hedge funds holding stakes worth $181.36 million in the company in Q2 2021.

Investment firm Bonhoeffer Capital Management talked about KT Corporation (NYSE:KT) in its Q1 2021 investor letter. Here’s what the fund said:

“For one of our telecom holdings, KT Corp, we are seeing signs of corporate actions (such as spinoff and JVs) in both foreign comparables (as described above for TI) and domestic competitors like SK Telecom, which recently announced spinoff plans for its non-telecom assets. As mentioned previously, KT has a treasure trove of non-telecom assets, like real estate and media content, that could be spun off. KT has also announced a share buyback of 5% of its stock and returning 50% of its net profits as dividends to shareholders, in addition to investing in growth strategies. In my opinion, these changes are not reflected in the current stock price.”