Mountain Lake Investment Management LLC Diversified Active

CIK: 0001308555 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 15, 2017

Total Value ($000): $270,113 (100.0% shares, 0.0% debt)

Holdings (26)

SPY SPDR SP 500 ETF TR 22.8%

Value ($000) $61,471 Shares 275,000 Est. Cost — Unrealized —

IWM ISHARES TR 20.2%

Value ($000) $54,629 Shares 405,100 Est. Cost — Unrealized —

— CAPITAL SR LIVING CORP 6.4%

Value ($000) $17,334 Shares 1,080,000 Est. Cost $19.79 Unrealized —

CAPL CROSSAMERICA PARTNERS LP 5.8%

Value ($000) $15,744 Shares 625,000 Est. Cost $24.10 Unrealized —

DAL DELTA AIR LINES INC DEL 5.5%

Value ($000) $14,757 Shares 300,000 Est. Cost $36.17 Unrealized +13.1%

KOP KOPPERS HOLDINGS INC 5.4%

Value ($000) $14,709 Shares 365,000 Est. Cost $21.54 Unrealized +65.2%

CAR AVIS BUDGET GROUP 4.9%

Value ($000) $13,319 Shares 363,100 Est. Cost $36.44 Unrealized -5.6%

CF CF INDS HLDGS INC 4.1%

Value ($000) $11,018 Shares 350,000 Est. Cost $19.97 Unrealized +5.6%

— ACTUANT CORP 3.4%

Value ($000) $9,212 Shares 355,000 Est. Cost $23.96 Unrealized —

AXTA AXALTA COATING SYS LTD 3.0%

Value ($000) $8,160 Shares 300,000 Est. Cost $28.28 Unrealized -6.9%

USB US BANCORP DEL 2.9%

Value ($000) $7,706 Shares 150,000 Est. Cost $29.65 Unrealized +13.9%

— HERTZ GLOBAL HLDGS INC 2.8%

Value ($000) $7,544 Shares 349,900 Est. Cost $32.72 Unrealized —

— CINER RES LP 2.7%

Value ($000) $7,192 Shares 248,000 Est. Cost $23.40 Unrealized —

— CNX COAL RES LP 2.4%

Value ($000) $6,388 Shares 350,000 Est. Cost $8.81 Unrealized —

— ALLIANCE HOLDINGS GP LP 2.2%

Value ($000) $5,943 Shares 211,500 Est. Cost $18.94 Unrealized —

— NATIONAL OILWELL VARCO INC 1.8%

Value ($000) $4,774 Shares 127,500 Est. Cost $40.48 Unrealized —

— OWENS ILL INC 1.2%

Value ($000) $3,360 Shares 193,000 Est. Cost $21.97 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 0.9%

Value ($000) $2,341 Shares 72,500 Est. Cost $22.62 Unrealized —

CCJ CAMECO CORP 0.8%

Value ($000) $2,094 Shares 200,000 Est. Cost $8.44 Unrealized 0.0%

ARLP ALLIANCE RES PARTNER LP 0.3%

Value ($000) $909 Shares 40,500 Est. Cost $13.23 Unrealized —

— NORTHERN DYNASTY MINERALS LT 0.2%

Value ($000) $414 Shares 200,000 Est. Cost $2.07 Unrealized —

— ENDO INTL PLC 0.1%

Value ($000) $305 Shares 18,500 Est. Cost $16.49 Unrealized —

— ICONIX BRAND GROUP INC 0.1%

Value ($000) $280 Shares 30,000 Est. Cost $9.33 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $244 Shares 1 Est. Cost $165023.42 Unrealized +39.9%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value ($000) $181 Shares 5,000 Est. Cost $36.20 Unrealized —

— CALATLANTIC GROUP INC 0.0%

Value ($000) $85 Shares 2,500 Est. Cost $34.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR SP 500 ETF TR	275,000	$61,471	22.8%	—	—	Put	78462F103
IWM	ISHARES TR	405,100	$54,629	20.2%	—	—	Put	464287655
—	CAPITAL SR LIVING CORP	1,080,000	$17,334	6.4%	$19.79	—	COM	140475104
CAPL	CROSSAMERICA PARTNERS LP	625,000	$15,744	5.8%	$24.10	—	UT LTD PTN INT	22758A105
DAL	DELTA AIR LINES INC DEL	300,000	$14,757	5.5%	$36.17	+13.1%	COM NEW	247361702
KOP	KOPPERS HOLDINGS INC	365,000	$14,709	5.4%	$21.54	+65.2%	COM	50060P106
CAR	AVIS BUDGET GROUP	363,100	$13,319	4.9%	$36.44	-5.6%	COM	053774105
CF	CF INDS HLDGS INC	350,000	$11,018	4.1%	$19.97	+5.6%	COM	125269100
—	ACTUANT CORP	355,000	$9,212	3.4%	$23.96	—	CL A NEW	00508X203
AXTA	AXALTA COATING SYS LTD	300,000	$8,160	3.0%	$28.28	-6.9%	COM	G0750C108
USB	US BANCORP DEL	150,000	$7,706	2.9%	$29.65	+13.9%	COM NEW	902973304
—	HERTZ GLOBAL HLDGS INC	349,900	$7,544	2.8%	$32.72	—	COM	42806J106
—	CINER RES LP	248,000	$7,192	2.7%	$23.40	—	COM UNIT LTD	172464109
—	CNX COAL RES LP	350,000	$6,388	2.4%	$8.81	—	COM UNIT RP LP	12592V100
—	ALLIANCE HOLDINGS GP LP	211,500	$5,943	2.2%	$18.94	—	COM UNITS LP	01861G100
—	NATIONAL OILWELL VARCO INC	127,500	$4,774	1.8%	$40.48	—	COM	637071101
—	OWENS ILL INC	193,000	$3,360	1.2%	$21.97	—	COM	690768403
PAA	PLAINS ALL AMERN PIPELINE L	72,500	$2,341	0.9%	$22.62	—	UNIT LTD PARTN	726503105
CCJ	CAMECO CORP	200,000	$2,094	0.8%	$8.44	0.0%	COM	13321L108
ARLP	ALLIANCE RES PARTNER LP	40,500	$909	0.3%	$13.23	—	UT LTD PART	01877R108
—	NORTHERN DYNASTY MINERALS LT	200,000	$414	0.2%	$2.07	—	COM NEW	65510M204
—	ENDO INTL PLC	18,500	$305	0.1%	$16.49	—	SHS	G30401106
—	ICONIX BRAND GROUP INC	30,000	$280	0.1%	$9.33	—	COM	451055107
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$244	0.1%	$165023.42	+39.9%	CL A	084670108
TEVA	TEVA PHARMACEUTICAL INDS LTD	5,000	$181	0.1%	$36.20	—	ADR	881624209
—	CALATLANTIC GROUP INC	2,500	$85	0.0%	$34.00	—	COM	128195104