Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value: $103M (100.0% shares, 0.0% debt)

Holdings (30)

SPY SPDR S&P 500 ETF TR 16.3%

Value $16.75M Shares 65,000 Share Price $257.75 Est. Cost/Share — Unrealized @ Report Date —

GLD SPDR GOLD TRUST 9.3%

Value $9.624M Shares 65,000 Share Price $148.06 Est. Cost/Share — Unrealized @ Report Date —

VSAT VIASAT INC 8.7%

Value $8.98M Shares 250,000 Share Price $35.92 * Est. Cost/Share $63.70 Unrealized @ Report Date -9.4%

ALGT ALLEGIANT TRAVEL CO 7.2%

Value $7.444M Shares 91,000 Share Price $81.80 * Est. Cost/Share $120.24 Unrealized @ Report Date +15.0%

— BARRICK GOLD CORPORATION 7.2%

Value $7.42M Shares 405,000 Share Price $18.32 Est. Cost/Share $16.29 Unrealized @ Report Date —

— VISTA OUTDOOR INC 6.5%

Value $6.732M Shares 765,000 Share Price $8.80 Est. Cost/Share $10.69 Unrealized @ Report Date —

PWR QUANTA SVCS INC 6.0%

Value $6.187M Shares 195,000 Share Price $31.73 * Est. Cost/Share $32.67 Unrealized @ Report Date +12.2%

— NATIONAL OILWELL VARCO INC 5.0%

Value $5.161M Shares 525,000 Share Price $9.83 Est. Cost/Share $26.15 Unrealized @ Report Date —

NEM NEWMONT CORP 4.4%

Value $4.528M Shares 100,000 Share Price $45.28 * Est. Cost/Share $33.61 Unrealized @ Report Date +12.7%

— SPIRIT AIRLS INC 4.1%

Value $4.189M Shares 325,000 Share Price $12.89 Est. Cost/Share $39.44 Unrealized @ Report Date —

AM ANTERO MIDSTREAM CORP 2.8%

Value $2.888M Shares 1,375,000 Share Price $2.10 * Est. Cost/Share $5.30 Unrealized @ Report Date -50.7%

— CNX RESOURCES CORPORATION 2.8%

Value $2.86M Shares 775,000 Share Price $3.69 Est. Cost/Share $24.92 Unrealized @ Report Date —

USB US BANCORP DEL 2.3%

Value $2.325M Shares 67,500 Share Price $34.44 * Est. Cost/Share $37.23 Unrealized @ Report Date 0.0%

ARLP ALLIANCE RES PARTNER L P 2.1%

Value $2.155M Shares 695,000 Share Price $3.10 Est. Cost/Share $16.38 Unrealized @ Report Date —

BB BLACKBERRY LTD 1.9%

Value $2.003M Shares 485,000 Share Price $4.13 * Est. Cost/Share $8.31 Unrealized @ Report Date -34.6%

— CINER RES LP 1.8%

Value $1.865M Shares 180,000 Share Price $10.36 Est. Cost/Share $23.55 Unrealized @ Report Date —

— PRECISION DRILLING CORP 1.7%

Value $1.779M Shares 5,675,000 Share Price $0.31 Est. Cost/Share $1.85 Unrealized @ Report Date —

GM GENERAL MTRS CO 1.6%

Value $1.662M Shares 80,000 Share Price $20.77 * Est. Cost/Share $29.19 Unrealized @ Report Date 0.0%

KOP KOPPERS HOLDINGS INC 1.4%

Value $1.466M Shares 118,500 Share Price $12.37 * Est. Cost/Share $22.79 Unrealized @ Report Date +9.2%

MLM MARTIN MARIETTA MATLS INC 1.4%

Value $1.419M Shares 7,500 Share Price $189.20 * Est. Cost/Share $229.61 Unrealized @ Report Date 0.0%

BBCP CONCRETE PUMPING HLDGS INC 1.3%

Value $1.387M Shares 485,000 Share Price $2.86 * Est. Cost/Share $4.06 Unrealized @ Report Date +5.5%

MHK MOHAWK INDS INC 0.9%

Value $953K Shares 12,500 Share Price $76.24 * Est. Cost/Share $118.44 Unrealized @ Report Date 0.0%

AR ANTERO RESOURCES CORP 0.9%

Value $880K Shares 1,235,000 Share Price $0.71 * Est. Cost/Share $16.69 Unrealized @ Report Date -90.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.7%

Value $750K Shares 4,100 Share Price $182.93 * Est. Cost/Share $212.55 Unrealized @ Report Date 0.0%

— KIRKLAND LAKE GOLD LTD 0.6%

Value $592K Shares 20,000 Share Price $29.60 Est. Cost/Share $29.60 Unrealized @ Report Date —

UAL UNITED AIRLS HLDGS INC 0.3%

Value $316K Shares 10,000 Share Price $31.60 * Est. Cost/Share $66.12 Unrealized @ Report Date 0.0%

DAL DELTA AIR LINES INC DEL 0.3%

Value $285K Shares 10,000 Share Price $28.50 Est. Cost/Share — Unrealized @ Report Date —

CALM CAL MAINE FOODS INC 0.2%

Value $220K Shares 5,000 Share Price $44.00 * Est. Cost/Share $29.37 Unrealized @ Report Date 0.0%

UAL UNITED AIRLS HLDGS INC 0.2%

Value $158K Shares 5,000 Share Price $31.60 * Est. Cost/Share $66.12 Unrealized @ Report Date 0.0%

— RAMACO RES INC 0.0%

Value $48,000 Shares 20,000 Share Price $2.40 Est. Cost/Share $2.40 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	65,000	$16.75M	16.3%	$257.75	—	—	Put	78462F103
GLD	SPDR GOLD TRUST	65,000	$9.624M	9.3%	$148.06	—	—	Call	78463V107
VSAT	VIASAT INC	250,000	$8.98M	8.7%	$35.92 *	$63.70	-9.4%	COM	92552V100
ALGT	ALLEGIANT TRAVEL CO	91,000	$7.444M	7.2%	$81.80 *	$120.24	+15.0%	COM	01748X102
—	BARRICK GOLD CORPORATION	405,000	$7.42M	7.2%	$18.32	$16.29	—	COM	067901108
—	VISTA OUTDOOR INC	765,000	$6.732M	6.5%	$8.80	$10.69	—	COM	928377100
PWR	QUANTA SVCS INC	195,000	$6.187M	6.0%	$31.73 *	$32.67	+12.2%	COM	74762E102
—	NATIONAL OILWELL VARCO INC	525,000	$5.161M	5.0%	$9.83	$26.15	—	COM	637071101
NEM	NEWMONT CORP	100,000	$4.528M	4.4%	$45.28 *	$33.61	+12.7%	COM	651639106
—	SPIRIT AIRLS INC	325,000	$4.189M	4.1%	$12.89	$39.44	—	COM	848577102
AM	ANTERO MIDSTREAM CORP	1,375,000	$2.888M	2.8%	$2.10 *	$5.30	-50.7%	COM	03676B102
—	CNX RESOURCES CORPORATION	775,000	$2.86M	2.8%	$3.69	$24.92	—	COM	20854L108
USB	US BANCORP DEL	67,500	$2.325M	2.3%	$34.44 *	$37.23	0.0%	COM NEW	902973304
ARLP	ALLIANCE RES PARTNER L P	695,000	$2.155M	2.1%	$3.10	$16.38	—	UT LTD PART	01877R108
BB	BLACKBERRY LTD	485,000	$2.003M	1.9%	$4.13 *	$8.31	-34.6%	COM	09228F103
—	CINER RES LP	180,000	$1.865M	1.8%	$10.36	$23.55	—	COM UNIT LTD	172464109
—	PRECISION DRILLING CORP	5,675,000	$1.779M	1.7%	$0.31	$1.85	—	COM 2010	74022D308
GM	GENERAL MTRS CO	80,000	$1.662M	1.6%	$20.77 *	$29.19	0.0%	COM	37045V100
KOP	KOPPERS HOLDINGS INC	118,500	$1.466M	1.4%	$12.37 *	$22.79	+9.2%	COM	50060P106
MLM	MARTIN MARIETTA MATLS INC	7,500	$1.419M	1.4%	$189.20 *	$229.61	0.0%	COM	573284106
BBCP	CONCRETE PUMPING HLDGS INC	485,000	$1.387M	1.3%	$2.86 *	$4.06	+5.5%	COM	206704108
MHK	MOHAWK INDS INC	12,500	$953K	0.9%	$76.24 *	$118.44	0.0%	COM	608190104
AR	ANTERO RESOURCES CORP	1,235,000	$880K	0.9%	$0.71 *	$16.69	-90.0%	COM	03674X106
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,100	$750K	0.7%	$182.93 *	$212.55	0.0%	CL B NEW	084670702
—	KIRKLAND LAKE GOLD LTD	20,000	$592K	0.6%	$29.60	$29.60	—	COM	49741E100
UAL	UNITED AIRLS HLDGS INC	10,000	$316K	0.3%	$31.60 *	$66.12	0.0%	Call	910047109
DAL	DELTA AIR LINES INC DEL	10,000	$285K	0.3%	$28.50	—	—	Call	247361702
CALM	CAL MAINE FOODS INC	5,000	$220K	0.2%	$44.00 *	$29.37	0.0%	COM NEW	128030202
UAL	UNITED AIRLS HLDGS INC	5,000	$158K	0.2%	$31.60 *	$66.12	0.0%	COM	910047109
—	RAMACO RES INC	20,000	$48,000	0.0%	$2.40	$2.40	—	COM	75134P303