Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 14, 2017

Total Value: $299M (100.0% shares, 0.0% debt)

Holdings (32)

— SPDR S&P 500 ETF TR 25.2%

Value $75.37M Shares 300,000 Share Price $251.23 Est. Cost/Share — Unrealized @ Report Date —

— ISHARES TR 12.4%

Value $37.05M Shares 250,000 Share Price $148.18 Est. Cost/Share — Unrealized @ Report Date —

VSAT VIASAT INC 7.0%

Value $20.9M Shares 325,000 Share Price $64.32 Est. Cost/Share $65.21 Unrealized @ Report Date -3.1%

CAR AVIS BUDGET GROUP 6.9%

Value $20.72M Shares 544,500 Share Price $38.06 * Est. Cost/Share $32.02 Unrealized @ Report Date -0.2%

— ALLIANCE HOLDINGS GP LP 6.3%

Value $18.77M Shares 675,000 Share Price $27.81 Est. Cost/Share $23.49 Unrealized @ Report Date —

— CAPITAL SR LIVING CORP 5.6%

Value $16.63M Shares 1,325,000 Share Price $12.55 Est. Cost/Share $18.62 Unrealized @ Report Date —

— HERTZ GLOBAL HLDGS INC 4.0%

Value $11.96M Shares 535,000 Share Price $22.36 Est. Cost/Share $26.01 Unrealized @ Report Date —

CAPL CROSSAMERICA PARTNERS LP 3.2%

Value $9.51M Shares 349,000 Share Price $27.25 Est. Cost/Share $24.10 Unrealized @ Report Date —

DAL DELTA AIR LINES INC DEL 3.0%

Value $8.921M Shares 185,000 Share Price $48.22 * Est. Cost/Share $36.17 Unrealized @ Report Date +25.2%

— CNX COAL RES LP 2.6%

Value $7.77M Shares 525,000 Share Price $14.80 Est. Cost/Share $11.31 Unrealized @ Report Date —

— CINER RES LP 2.3%

Value $6.889M Shares 275,000 Share Price $25.05 Est. Cost/Share $23.55 Unrealized @ Report Date —

RRC RANGE RES CORP 2.3%

Value $6.85M Shares 350,000 Share Price $19.57 Est. Cost/Share $23.28 Unrealized @ Report Date -17.0%

CF CF INDS HLDGS INC 2.1%

Value $6.329M Shares 180,000 Share Price $35.16 * Est. Cost/Share $21.53 Unrealized @ Report Date +15.8%

— OWENS ILL INC 2.1%

Value $6.29M Shares 250,000 Share Price $25.16 Est. Cost/Share $20.99 Unrealized @ Report Date —

— SPIRIT AIRLS INC 2.0%

Value $6.014M Shares 180,000 Share Price $33.41 Est. Cost/Share $33.41 Unrealized @ Report Date —

— ACTUANT CORP 2.0%

Value $5.888M Shares 230,000 Share Price $25.60 Est. Cost/Share $23.96 Unrealized @ Report Date —

AR ANTERO RES CORP 1.9%

Value $5.771M Shares 290,000 Share Price $19.90 Est. Cost/Share $21.72 Unrealized @ Report Date -7.3%

CTRA CABOT OIL & GAS CORP 1.8%

Value $5.484M Shares 205,000 Share Price $26.75 * Est. Cost/Share $17.99 Unrealized @ Report Date +3.5%

UVE UNIVERSAL INS HLDGS INC 1.8%

Value $5.233M Shares 227,500 Share Price $23.00 Est. Cost/Share $22.69 Unrealized @ Report Date 0.0%

TDW TIDEWATER INC NEW 1.5%

Value $4.522M Shares 155,500 Share Price $29.08 * Est. Cost/Share $26.61 Unrealized @ Report Date 0.0%

— NOBLE CORP PLC 1.0%

Value $2.898M Shares 630,000 Share Price $4.60 Est. Cost/Share $4.60 Unrealized @ Report Date —

CALM CAL MAINE FOODS INC 0.7%

Value $2.096M Shares 51,000 Share Price $41.10 * Est. Cost/Share $29.10 Unrealized @ Report Date -2.3%

— BARRICK GOLD CORP 0.4%

Value $1.287M Shares 80,000 Share Price $16.09 Est. Cost/Share $18.99 Unrealized @ Report Date —

BRSL INTERNATIONAL GAME TECHNOLOG 0.4%

Value $1.056M Shares 43,000 Share Price $24.56 * Est. Cost/Share $12.56 Unrealized @ Report Date 0.0%

— PRECISION DRILLING CORP 0.3%

Value $920K Shares 295,000 Share Price $3.12 Est. Cost/Share $3.12 Unrealized @ Report Date —

GDX VANECK VECTORS ETF TR 0.2%

Value $746K Shares 32,500 Share Price $22.95 Est. Cost/Share $22.80 Unrealized @ Report Date —

AXTA AXALTA COATING SYS LTD 0.2%

Value $723K Shares 25,000 Share Price $28.92 * Est. Cost/Share $28.28 Unrealized @ Report Date +6.9%

— DIGIRAD CORP 0.2%

Value $690K Shares 200,000 Share Price $3.45 Est. Cost/Share $3.45 Unrealized @ Report Date —

GDXJ VANECK VECTORS ETF TR 0.2%

Value $672K Shares 20,000 Share Price $33.60 Est. Cost/Share $36.00 Unrealized @ Report Date —

KGC KINROSS GOLD CORP 0.2%

Value $551K Shares 130,000 Share Price $4.24 Est. Cost/Share $3.59 Unrealized @ Report Date +19.0%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value $275K Shares 1 Share Price $275000.00 * Est. Cost/Share $165023.42 Unrealized @ Report Date +60.8%

— OCH ZIFF CAP MGMT GROUP 0.0%

Value $44,000 Shares 13,800 Share Price $3.19 Est. Cost/Share $2.54 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SPDR S&P 500 ETF TR	300,000	$75.37M	25.2%	$251.23	—	—	Put	78462F953
—	ISHARES TR	250,000	$37.05M	12.4%	$148.18	—	—	Put	464287955
VSAT	VIASAT INC	325,000	$20.9M	7.0%	$64.32	$65.21	-3.1%	COM	92552V100
CAR	AVIS BUDGET GROUP	544,500	$20.72M	6.9%	$38.06 *	$32.02	-0.2%	COM	053774105
—	ALLIANCE HOLDINGS GP LP	675,000	$18.77M	6.3%	$27.81	$23.49	—	COM UNITS LP	01861G100
—	CAPITAL SR LIVING CORP	1,325,000	$16.63M	5.6%	$12.55	$18.62	—	COM	140475104
—	HERTZ GLOBAL HLDGS INC	535,000	$11.96M	4.0%	$22.36	$26.01	—	COM	42806J106
CAPL	CROSSAMERICA PARTNERS LP	349,000	$9.51M	3.2%	$27.25	$24.10	—	UT LTD PTN INT	22758A105
DAL	DELTA AIR LINES INC DEL	185,000	$8.921M	3.0%	$48.22 *	$36.17	+25.2%	COM NEW	247361702
—	CNX COAL RES LP	525,000	$7.77M	2.6%	$14.80	$11.31	—	COM UNIT RP LP	12592V100
—	CINER RES LP	275,000	$6.889M	2.3%	$25.05	$23.55	—	COM UNIT LTD	172464109
RRC	RANGE RES CORP	350,000	$6.85M	2.3%	$19.57	$23.28	-17.0%	COM	75281A109
CF	CF INDS HLDGS INC	180,000	$6.329M	2.1%	$35.16 *	$21.53	+15.8%	COM	125269100
—	OWENS ILL INC	250,000	$6.29M	2.1%	$25.16	$20.99	—	COM NEW	690768403
—	SPIRIT AIRLS INC	180,000	$6.014M	2.0%	$33.41	$33.41	—	COM	848577102
—	ACTUANT CORP	230,000	$5.888M	2.0%	$25.60	$23.96	—	CL A NEW	00508X203
AR	ANTERO RES CORP	290,000	$5.771M	1.9%	$19.90	$21.72	-7.3%	COM	03674X106
CTRA	CABOT OIL & GAS CORP	205,000	$5.484M	1.8%	$26.75 *	$17.99	+3.5%	COM	127097103
UVE	UNIVERSAL INS HLDGS INC	227,500	$5.233M	1.8%	$23.00	$22.69	0.0%	COM	91359V107
TDW	TIDEWATER INC NEW	155,500	$4.522M	1.5%	$29.08 *	$26.61	0.0%	COM	88642R109
—	NOBLE CORP PLC	630,000	$2.898M	1.0%	$4.60	$4.60	—	SHS USD	G65431101
CALM	CAL MAINE FOODS INC	51,000	$2.096M	0.7%	$41.10 *	$29.10	-2.3%	COM NEW	128030202
—	BARRICK GOLD CORP	80,000	$1.287M	0.4%	$16.09	$18.99	—	COM	067901108
BRSL	INTERNATIONAL GAME TECHNOLOG	43,000	$1.056M	0.4%	$24.56 *	$12.56	0.0%	SHS USD	G4863A108
—	PRECISION DRILLING CORP	295,000	$920K	0.3%	$3.12	$3.12	—	COM 2010	74022D308
GDX	VANECK VECTORS ETF TR	32,500	$746K	0.2%	$22.95	$22.80	—	GOLD MINERS ETF	92189F106
AXTA	AXALTA COATING SYS LTD	25,000	$723K	0.2%	$28.92 *	$28.28	+6.9%	COM	G0750C108
—	DIGIRAD CORP	200,000	$690K	0.2%	$3.45	$3.45	—	COM	253827109
GDXJ	VANECK VECTORS ETF TR	20,000	$672K	0.2%	$33.60	$36.00	—	JR GOLD MINERS E	92189F791
KGC	KINROSS GOLD CORP	130,000	$551K	0.2%	$4.24	$3.59	+19.0%	COM NO PAR	496902404
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$275K	0.1%	$275000.00 *	$165023.42	+60.8%	CL A	084670108
—	OCH ZIFF CAP MGMT GROUP	13,800	$44,000	0.0%	$3.19	$2.54	—	CL A	67551U105