Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value: $279M (100.0% shares, 0.0% debt)

Holdings (26)

— SPDR S&P 500 ETF TR 23.9%

Value $66.72M Shares 250,000 Share Price $266.86 Est. Cost/Share — Unrealized @ Report Date —

VSAT VIASAT INC 8.7%

Value $24.33M Shares 325,000 Share Price $74.85 * Est. Cost/Share $65.21 Unrealized @ Report Date +6.2%

AR ANTERO RES CORP 7.3%

Value $20.43M Shares 1,075,000 Share Price $19.00 Est. Cost/Share $19.86 Unrealized @ Report Date -3.5%

CAR AVIS BUDGET GROUP 7.1%

Value $19.75M Shares 450,000 Share Price $43.88 * Est. Cost/Share $32.02 Unrealized @ Report Date +18.0%

— ALLIANCE HOLDINGS GP LP 6.9%

Value $19.16M Shares 715,000 Share Price $26.79 Est. Cost/Share $23.68 Unrealized @ Report Date —

— CAPITAL SR LIVING CORP 6.2%

Value $17.27M Shares 1,280,000 Share Price $13.49 Est. Cost/Share $18.62 Unrealized @ Report Date —

— SPIRIT AIRLS INC 6.2%

Value $17.27M Shares 385,000 Share Price $44.85 Est. Cost/Share $39.50 Unrealized @ Report Date —

— ISHARES TR 5.5%

Value $15.25M Shares 100,000 Share Price $152.46 Est. Cost/Share — Unrealized @ Report Date —

— CONSOL ENERGY INC NEW 4.2%

Value $11.63M Shares 294,400 Share Price $39.51 Est. Cost/Share $39.51 Unrealized @ Report Date —

— HERTZ GLOBAL HLDGS INC 3.6%

Value $9.945M Shares 450,000 Share Price $22.10 Est. Cost/Share $26.01 Unrealized @ Report Date —

— CONSOL COAL RES LP 3.1%

Value $8.608M Shares 550,000 Share Price $15.65 Est. Cost/Share $15.65 Unrealized @ Report Date —

— PRECISION DRILLING CORP 2.7%

Value $7.55M Shares 2,500,000 Share Price $3.02 Est. Cost/Share $3.03 Unrealized @ Report Date —

— CINER RES LP 2.5%

Value $6.905M Shares 275,000 Share Price $25.11 Est. Cost/Share $23.55 Unrealized @ Report Date —

UVE UNIVERSAL INS HLDGS INC 2.2%

Value $6.222M Shares 227,500 Share Price $27.35 * Est. Cost/Share $22.69 Unrealized @ Report Date +10.6%

— NOBLE CORP PLC 2.2%

Value $6.102M Shares 1,350,000 Share Price $4.52 Est. Cost/Share $4.56 Unrealized @ Report Date —

RIG TRANSOCEAN LTD 1.8%

Value $5.073M Shares 475,000 Share Price $10.68 * Est. Cost/Share $10.38 Unrealized @ Report Date 0.0%

CTRA CABOT OIL & GAS CORP 1.3%

Value $3.575M Shares 125,000 Share Price $28.60 * Est. Cost/Share $17.99 Unrealized @ Report Date +12.0%

— AMC ENTMT HLDGS INC 1.1%

Value $3.096M Shares 205,000 Share Price $15.10 Est. Cost/Share $15.10 Unrealized @ Report Date —

CAPL CROSSAMERICA PARTNERS LP 1.0%

Value $2.731M Shares 115,000 Share Price $23.75 Est. Cost/Share $24.10 Unrealized @ Report Date —

— VISTA OUTDOOR INC 1.0%

Value $2.695M Shares 185,000 Share Price $14.57 Est. Cost/Share $14.57 Unrealized @ Report Date —

— OWENS ILL INC 0.8%

Value $2.217M Shares 100,000 Share Price $22.17 Est. Cost/Share $20.99 Unrealized @ Report Date —

— HI-CRUSH PARTNERS LP 0.6%

Value $1.605M Shares 150,000 Share Price $10.70 Est. Cost/Share $10.70 Unrealized @ Report Date —

KGC KINROSS GOLD CORP 0.2%

Value $562K Shares 130,000 Share Price $4.32 * Est. Cost/Share $3.59 Unrealized @ Report Date +16.1%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value $298K Shares 1 Share Price $298000.00 * Est. Cost/Share $165023.42 Unrealized @ Report Date +72.6%

— U S SILICA HLDGS INC 0.1%

Value $260K Shares 8,000 Share Price $32.50 Est. Cost/Share $32.50 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 0.0%

Value $64,000 Shares 25,000 Share Price $2.56 * Est. Cost/Share $2.32 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SPDR S&P 500 ETF TR	250,000	$66.72M	23.9%	$266.86	—	—	Put	78462F953
VSAT	VIASAT INC	325,000	$24.33M	8.7%	$74.85 *	$65.21	+6.2%	COM	92552V100
AR	ANTERO RES CORP	1,075,000	$20.43M	7.3%	$19.00	$19.86	-3.5%	COM	03674X106
CAR	AVIS BUDGET GROUP	450,000	$19.75M	7.1%	$43.88 *	$32.02	+18.0%	COM	053774105
—	ALLIANCE HOLDINGS GP LP	715,000	$19.16M	6.9%	$26.79	$23.68	—	COM UNITS LP	01861G100
—	CAPITAL SR LIVING CORP	1,280,000	$17.27M	6.2%	$13.49	$18.62	—	COM	140475104
—	SPIRIT AIRLS INC	385,000	$17.27M	6.2%	$44.85	$39.50	—	COM	848577102
—	ISHARES TR	100,000	$15.25M	5.5%	$152.46	—	—	Put	464287955
—	CONSOL ENERGY INC NEW	294,400	$11.63M	4.2%	$39.51	$39.51	—	COM	20854L108
—	HERTZ GLOBAL HLDGS INC	450,000	$9.945M	3.6%	$22.10	$26.01	—	COM	42806J106
—	CONSOL COAL RES LP	550,000	$8.608M	3.1%	$15.65	$15.65	—	COM UNIT	20855T100
—	PRECISION DRILLING CORP	2,500,000	$7.55M	2.7%	$3.02	$3.03	—	COM 2010	74022D308
—	CINER RES LP	275,000	$6.905M	2.5%	$25.11	$23.55	—	COM UNIT LTD	172464109
UVE	UNIVERSAL INS HLDGS INC	227,500	$6.222M	2.2%	$27.35 *	$22.69	+10.6%	COM	91359V107
—	NOBLE CORP PLC	1,350,000	$6.102M	2.2%	$4.52	$4.56	—	SHS USD	G65431101
RIG	TRANSOCEAN LTD	475,000	$5.073M	1.8%	$10.68 *	$10.38	0.0%	REG SHS	H8817H100
CTRA	CABOT OIL & GAS CORP	125,000	$3.575M	1.3%	$28.60 *	$17.99	+12.0%	COM	127097103
—	AMC ENTMT HLDGS INC	205,000	$3.096M	1.1%	$15.10	$15.10	—	CL A COM	00165C104
CAPL	CROSSAMERICA PARTNERS LP	115,000	$2.731M	1.0%	$23.75	$24.10	—	UT LTD PTN INT	22758A105
—	VISTA OUTDOOR INC	185,000	$2.695M	1.0%	$14.57	$14.57	—	COM	928377100
—	OWENS ILL INC	100,000	$2.217M	0.8%	$22.17	$20.99	—	COM NEW	690768403
—	HI-CRUSH PARTNERS LP	150,000	$1.605M	0.6%	$10.70	$10.70	—	COM UNIT LTD	428337109
KGC	KINROSS GOLD CORP	130,000	$562K	0.2%	$4.32 *	$3.59	+16.1%	COM NO PAR	496902404
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$298K	0.1%	$298000.00 *	$165023.42	+72.6%	CL A	084670108
—	U S SILICA HLDGS INC	8,000	$260K	0.1%	$32.50	$32.50	—	COM	90346E103
NXE	NEXGEN ENERGY LTD	25,000	$64,000	0.0%	$2.56 *	$2.32	0.0%	COM	65340P106