Kopernik Global Investors, LLC and David B. Iben jointly filed Amendment No. 2 to Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of 7,902,600 common shares of BrasilAgro - Brazilian Agricultural Real Estate Company as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Kopernik Global Investors and David B. Iben jointly report 7,902,600 Common Shares of BrasilAgro beneficially owned in aggregate.
  • Percent of class: The 7,902,600 shares represent 7.70% of the issuer's outstanding Common Shares, based on 102,683,000 shares outstanding.
  • Shared voting power: Both reporting persons report shared power to vote or direct the vote over 7,574,100 shares, with sole voting power of zero.
  • Shared dispositive power: Both reporting persons report shared power to dispose of or direct the disposition of 7,902,600 shares, with sole dispositive power of zero.
  • Reporting persons: Kopernik Global Investors, LLC is classified as an investment adviser (IA); David B. Iben, its controlling member and Chief Investment Officer, is classified as a holding company or control person (HC).
  • Triggering event date: The date of the event requiring this filing is September 30, 2026.

Kopernik and Iben Disclose Ownership Position in BrasilAgro Common Shares

According to the filing, Kopernik Global Investors, LLC, a Delaware-organized investment adviser headquartered at 2502 N. Rocky Point Dr, Suite 300, Tampa, FL 33607, and David B. Iben, described in the filing as "the controlling member and Chief Investment Officer of Kopernik Global Investors," jointly submitted Amendment No. 2 to Schedule 13G covering Common Shares, no par value, of BrasilAgro - Brazilian Agricultural Real Estate Company (CUSIP 10554B104). The filing is dated November 13, 2026, and reflects a triggering event date of September 30, 2026.

The filing states that the reporting persons beneficially own, in the aggregate, 7,902,600 Common Shares, equal to 7.70% of the class. That percentage is calculated against 102,683,000 common shares outstanding, "as set forth in the Form 6-K containing the Issuer's Quarterly Report for the period ended September 30, 2026 filed with the Securities and Exchange Commission on November 3, 2026," according to the filing. Neither reporting person holds the securities directly; instead, the filing states that "securities reported on this Schedule 13G are beneficially owned by investment advisory clients which may include investment companies registered under the Investment Company Act and/or other separately managed accounts," and that no such person beneficially owns over 5%.

The filing also certifies that "the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing was signed on behalf of Kopernik Global Investors by Sarah L. Bertrand, General Counsel and Chief Compliance Officer, who also signed on behalf of David B. Iben under a power of attorney dated October 25, 2024.

What Was Disclosed

Kopernik Global Investors, LLC and David B. Iben filed Amendment No. 2 to Schedule 13G disclosing aggregate beneficial ownership of 7,902,600 BrasilAgro Common Shares, representing 7.70% of the class as of September 30, 2026, held on behalf of investment advisory clients.