Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q1 2017 (← Previous) (Next →)

Filing Date: May 15, 2017

Total Value: $241M (100.0% shares, 0.0% debt)

Holdings (32)

IWM ISHARES TR 17.1%

Value $41.24M Shares 300,000 Est. Cost — Unrealized —

SPY SPDR SP 500 ETF TR 14.7%

Value $35.36M Shares 150,000 Est. Cost — Unrealized —

CAR AVIS BUDGET GROUP 7.4%

Value $17.75M Shares 600,000 Est. Cost $35.07 Unrealized -6.0%

— CAPITAL SR LIVING CORP 7.0%

Value $16.87M Shares 1,200,000 Est. Cost $19.22 Unrealized —

CAPL CROSSAMERICA PARTNERS LP 6.8%

Value $16.36M Shares 625,000 Est. Cost $24.10 Unrealized —

DAL DELTA AIR LINES INC DEL 4.7%

Value $11.26M Shares 245,000 Est. Cost $36.17 Unrealized +21.5%

— ALLIANCE HOLDINGS GP LP 4.4%

Value $10.62M Shares 387,300 Est. Cost $22.79 Unrealized —

— OWENS ILL INC 4.2%

Value $10.21M Shares 501,000 Est. Cost $20.99 Unrealized —

AXTA AXALTA COATING SYS LTD 3.9%

Value $9.499M Shares 295,000 Est. Cost $28.28 Unrealized +5.0%

— ACTUANT CORP 3.9%

Value $9.446M Shares 358,500 Est. Cost $23.96 Unrealized —

KOP KOPPERS HOLDINGS INC 3.7%

Value $8.817M Shares 208,200 Est. Cost $21.54 Unrealized +89.0%

— CNX COAL RES LP 3.3%

Value $7.96M Shares 469,600 Est. Cost $10.88 Unrealized —

TRV TRAVELERS COMPANIES INC 3.3%

Value $7.835M Shares 65,000 Est. Cost $98.92 Unrealized 0.0%

— CINER RES LP 3.0%

Value $7.133M Shares 250,000 Est. Cost $23.40 Unrealized —

USB US BANCORP DEL 2.5%

Value $5.923M Shares 115,000 Est. Cost $29.65 Unrealized +28.4%

— HERTZ GLOBAL HLDGS INC 2.4%

Value $5.788M Shares 330,000 Est. Cost $32.72 Unrealized —

— NATIONAL OILWELL VARCO INC 2.1%

Value $5.111M Shares 127,500 Est. Cost $40.48 Unrealized —

GM GENERAL MTRS CO 1.0%

Value $2.475M Shares 70,000 Est. Cost $30.95 Unrealized 0.0%

— BARRICK GOLD CORP 0.6%

Value $1.519M Shares 80,000 Est. Cost $18.99 Unrealized —

CF CF INDS HLDGS INC 0.6%

Value $1.468M Shares 50,000 Est. Cost $19.97 Unrealized +29.1%

— AGRIUM INC 0.6%

Value $1.462M Shares 15,300 Est. Cost $95.56 Unrealized —

VSAT VIASAT INC 0.5%

Value $1.193M Shares 18,700 Est. Cost $65.60 Unrealized 0.0%

TSN TYSON FOODS INC 0.4%

Value $1.08M Shares 17,500 Est. Cost $50.05 Unrealized 0.0%

AR ANTERO RES CORP 0.4%

Value $1.026M Shares 45,000 Est. Cost $24.48 Unrealized 0.0%

GDX VANECK VECTORS ETF TR 0.3%

Value $741K Shares 32,500 Est. Cost $22.80 Unrealized —

GDXJ VANECK VECTORS ETF TR 0.3%

Value $720K Shares 20,000 Est. Cost $36.00 Unrealized —

CALM CAL MAINE FOODS INC 0.2%

Value $552K Shares 15,000 Est. Cost $30.46 Unrealized 0.0%

— DELEK US HLDGS INC 0.2%

Value $485K Shares 20,000 Est. Cost $24.25 Unrealized —

KGC KINROSS GOLD CORP 0.2%

Value $456K Shares 130,000 Est. Cost $3.59 Unrealized 0.0%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value $250K Shares 1 Est. Cost $165023.42 Unrealized +52.0%

SABR SABRE CORP 0.1%

Value $212K Shares 10,000 Est. Cost $22.89 Unrealized 0.0%

NOMD NOMAD HLDGS LTD 0.1%

Value $143K Shares 12,500 Est. Cost $10.66 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	300,000	$41.24M	17.1%	—	—	Put	464287655
SPY	SPDR SP 500 ETF TR	150,000	$35.36M	14.7%	—	—	Put	78462F103
CAR	AVIS BUDGET GROUP	600,000	$17.75M	7.4%	$35.07	-6.0%	COM	053774105
—	CAPITAL SR LIVING CORP	1,200,000	$16.87M	7.0%	$19.22	—	COM	140475104
CAPL	CROSSAMERICA PARTNERS LP	625,000	$16.36M	6.8%	$24.10	—	UT LTD PTN INT	22758A105
DAL	DELTA AIR LINES INC DEL	245,000	$11.26M	4.7%	$36.17	+21.5%	COM NEW	247361702
—	ALLIANCE HOLDINGS GP LP	387,300	$10.62M	4.4%	$22.79	—	COM UNITS LP	01861G100
—	OWENS ILL INC	501,000	$10.21M	4.2%	$20.99	—	COM	690768403
AXTA	AXALTA COATING SYS LTD	295,000	$9.499M	3.9%	$28.28	+5.0%	COM	G0750C108
—	ACTUANT CORP	358,500	$9.446M	3.9%	$23.96	—	CL A NEW	00508X203
KOP	KOPPERS HOLDINGS INC	208,200	$8.817M	3.7%	$21.54	+89.0%	COM	50060P106
—	CNX COAL RES LP	469,600	$7.96M	3.3%	$10.88	—	COM UNIT RP LP	12592V100
TRV	TRAVELERS COMPANIES INC	65,000	$7.835M	3.3%	$98.92	0.0%	COM	89417E109
—	CINER RES LP	250,000	$7.133M	3.0%	$23.40	—	COM UNIT LTD	172464109
USB	US BANCORP DEL	115,000	$5.923M	2.5%	$29.65	+28.4%	COM NEW	902973304
—	HERTZ GLOBAL HLDGS INC	330,000	$5.788M	2.4%	$32.72	—	COM	42806J106
—	NATIONAL OILWELL VARCO INC	127,500	$5.111M	2.1%	$40.48	—	COM	637071101
GM	GENERAL MTRS CO	70,000	$2.475M	1.0%	$30.95	0.0%	COM	37045V100
—	BARRICK GOLD CORP	80,000	$1.519M	0.6%	$18.99	—	COM	067901108
CF	CF INDS HLDGS INC	50,000	$1.468M	0.6%	$19.97	+29.1%	COM	125269100
—	AGRIUM INC	15,300	$1.462M	0.6%	$95.56	—	COM	008916108
VSAT	VIASAT INC	18,700	$1.193M	0.5%	$65.60	0.0%	COM	92552V100
TSN	TYSON FOODS INC	17,500	$1.08M	0.4%	$50.05	0.0%	CL A	902494103
AR	ANTERO RES CORP	45,000	$1.026M	0.4%	$24.48	0.0%	COM	03674X106
GDX	VANECK VECTORS ETF TR	32,500	$741K	0.3%	$22.80	—	GOLD MINERS ETF	92189F106
GDXJ	VANECK VECTORS ETF TR	20,000	$720K	0.3%	$36.00	—	JR GOLD MINERS E	92189F791
CALM	CAL MAINE FOODS INC	15,000	$552K	0.2%	$30.46	0.0%	COM NEW	128030202
—	DELEK US HLDGS INC	20,000	$485K	0.2%	$24.25	—	COM	246647101
KGC	KINROSS GOLD CORP	130,000	$456K	0.2%	$3.59	0.0%	COM NO PAR	496902404
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$250K	0.1%	$165023.42	+52.0%	CL A	084670108
SABR	SABRE CORP	10,000	$212K	0.1%	$22.89	0.0%	COM	78573M104
NOMD	NOMAD HLDGS LTD	12,500	$143K	0.1%	$10.66	0.0%	USD ORD SHS	G6564A105