Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 15, 2017

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

Holdings (26)

SPY SPDR SP 500 ETF TR 22.8%

Value $61.47M Shares 275,000 Share Price $223.53 Est. Cost/Share — Unrealized @ Report Date —

IWM ISHARES TR 20.2%

Value $54.63M Shares 405,100 Share Price $134.85 Est. Cost/Share — Unrealized @ Report Date —

— CAPITAL SR LIVING CORP 6.4%

Value $17.33M Shares 1,080,000 Share Price $16.05 Est. Cost/Share $19.79 Unrealized @ Report Date —

CAPL CROSSAMERICA PARTNERS LP 5.8%

Value $15.74M Shares 625,000 Share Price $25.19 Est. Cost/Share $24.10 Unrealized @ Report Date —

DAL DELTA AIR LINES INC DEL 5.5%

Value $14.76M Shares 300,000 Share Price $49.19 * Est. Cost/Share $36.17 Unrealized @ Report Date +13.1%

KOP KOPPERS HOLDINGS INC 5.4%

Value $14.71M Shares 365,000 Share Price $40.30 * Est. Cost/Share $21.54 Unrealized @ Report Date +65.2%

CAR AVIS BUDGET GROUP 4.9%

Value $13.32M Shares 363,100 Share Price $36.68 * Est. Cost/Share $36.44 Unrealized @ Report Date -5.6%

CF CF INDS HLDGS INC 4.1%

Value $11.02M Shares 350,000 Share Price $31.48 * Est. Cost/Share $19.97 Unrealized @ Report Date +5.6%

— ACTUANT CORP 3.4%

Value $9.212M Shares 355,000 Share Price $25.95 Est. Cost/Share $23.96 Unrealized @ Report Date —

AXTA AXALTA COATING SYS LTD 3.0%

Value $8.16M Shares 300,000 Share Price $27.20 * Est. Cost/Share $28.28 Unrealized @ Report Date -6.9%

USB US BANCORP DEL 2.9%

Value $7.706M Shares 150,000 Share Price $51.37 * Est. Cost/Share $29.65 Unrealized @ Report Date +13.9%

— HERTZ GLOBAL HLDGS INC 2.8%

Value $7.544M Shares 349,900 Share Price $21.56 Est. Cost/Share $32.72 Unrealized @ Report Date —

— CINER RES LP 2.7%

Value $7.192M Shares 248,000 Share Price $29.00 Est. Cost/Share $23.40 Unrealized @ Report Date —

— CNX COAL RES LP 2.4%

Value $6.388M Shares 350,000 Share Price $18.25 Est. Cost/Share $8.81 Unrealized @ Report Date —

— ALLIANCE HOLDINGS GP LP 2.2%

Value $5.943M Shares 211,500 Share Price $28.10 Est. Cost/Share $18.94 Unrealized @ Report Date —

— NATIONAL OILWELL VARCO INC 1.8%

Value $4.774M Shares 127,500 Share Price $37.44 Est. Cost/Share $40.48 Unrealized @ Report Date —

— OWENS ILL INC 1.2%

Value $3.36M Shares 193,000 Share Price $17.41 Est. Cost/Share $21.97 Unrealized @ Report Date —

PAA PLAINS ALL AMERN PIPELINE L 0.9%

Value $2.341M Shares 72,500 Share Price $32.29 Est. Cost/Share $22.62 Unrealized @ Report Date —

CCJ CAMECO CORP 0.8%

Value $2.094M Shares 200,000 Share Price $10.47 * Est. Cost/Share $8.44 Unrealized @ Report Date 0.0%

ARLP ALLIANCE RES PARTNER LP 0.3%

Value $909K Shares 40,500 Share Price $22.44 Est. Cost/Share $13.23 Unrealized @ Report Date —

— NORTHERN DYNASTY MINERALS LT 0.2%

Value $414K Shares 200,000 Share Price $2.07 Est. Cost/Share $2.07 Unrealized @ Report Date —

— ENDO INTL PLC 0.1%

Value $305K Shares 18,500 Share Price $16.49 Est. Cost/Share $16.49 Unrealized @ Report Date —

— ICONIX BRAND GROUP INC 0.1%

Value $280K Shares 30,000 Share Price $9.33 Est. Cost/Share $9.33 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value $244K Shares 1 Share Price $244000.00 * Est. Cost/Share $165023.42 Unrealized @ Report Date +39.9%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value $181K Shares 5,000 Share Price $36.20 Est. Cost/Share $36.20 Unrealized @ Report Date —

— CALATLANTIC GROUP INC 0.0%

Value $85,000 Shares 2,500 Share Price $34.00 Est. Cost/Share $34.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR SP 500 ETF TR	275,000	$61.47M	22.8%	$223.53	—	—	Put	78462F103
IWM	ISHARES TR	405,100	$54.63M	20.2%	$134.85	—	—	Put	464287655
—	CAPITAL SR LIVING CORP	1,080,000	$17.33M	6.4%	$16.05	$19.79	—	COM	140475104
CAPL	CROSSAMERICA PARTNERS LP	625,000	$15.74M	5.8%	$25.19	$24.10	—	UT LTD PTN INT	22758A105
DAL	DELTA AIR LINES INC DEL	300,000	$14.76M	5.5%	$49.19 *	$36.17	+13.1%	COM NEW	247361702
KOP	KOPPERS HOLDINGS INC	365,000	$14.71M	5.4%	$40.30 *	$21.54	+65.2%	COM	50060P106
CAR	AVIS BUDGET GROUP	363,100	$13.32M	4.9%	$36.68 *	$36.44	-5.6%	COM	053774105
CF	CF INDS HLDGS INC	350,000	$11.02M	4.1%	$31.48 *	$19.97	+5.6%	COM	125269100
—	ACTUANT CORP	355,000	$9.212M	3.4%	$25.95	$23.96	—	CL A NEW	00508X203
AXTA	AXALTA COATING SYS LTD	300,000	$8.16M	3.0%	$27.20 *	$28.28	-6.9%	COM	G0750C108
USB	US BANCORP DEL	150,000	$7.706M	2.9%	$51.37 *	$29.65	+13.9%	COM NEW	902973304
—	HERTZ GLOBAL HLDGS INC	349,900	$7.544M	2.8%	$21.56	$32.72	—	COM	42806J106
—	CINER RES LP	248,000	$7.192M	2.7%	$29.00	$23.40	—	COM UNIT LTD	172464109
—	CNX COAL RES LP	350,000	$6.388M	2.4%	$18.25	$8.81	—	COM UNIT RP LP	12592V100
—	ALLIANCE HOLDINGS GP LP	211,500	$5.943M	2.2%	$28.10	$18.94	—	COM UNITS LP	01861G100
—	NATIONAL OILWELL VARCO INC	127,500	$4.774M	1.8%	$37.44	$40.48	—	COM	637071101
—	OWENS ILL INC	193,000	$3.36M	1.2%	$17.41	$21.97	—	COM	690768403
PAA	PLAINS ALL AMERN PIPELINE L	72,500	$2.341M	0.9%	$32.29	$22.62	—	UNIT LTD PARTN	726503105
CCJ	CAMECO CORP	200,000	$2.094M	0.8%	$10.47 *	$8.44	0.0%	COM	13321L108
ARLP	ALLIANCE RES PARTNER LP	40,500	$909K	0.3%	$22.44	$13.23	—	UT LTD PART	01877R108
—	NORTHERN DYNASTY MINERALS LT	200,000	$414K	0.2%	$2.07	$2.07	—	COM NEW	65510M204
—	ENDO INTL PLC	18,500	$305K	0.1%	$16.49	$16.49	—	SHS	G30401106
—	ICONIX BRAND GROUP INC	30,000	$280K	0.1%	$9.33	$9.33	—	COM	451055107
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$244K	0.1%	$244000.00 *	$165023.42	+39.9%	CL A	084670108
TEVA	TEVA PHARMACEUTICAL INDS LTD	5,000	$181K	0.1%	$36.20	$36.20	—	ADR	881624209
—	CALATLANTIC GROUP INC	2,500	$85,000	0.0%	$34.00	$34.00	—	COM	128195104