Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q3 2020 (← Previous) (Next →)

Filing Date: Nov 16, 2020

Total Value: $147M (100.0% shares, 0.0% debt)

Holdings (26)

GLD SPDR GOLD TR 14.4%

Value $21.25M Shares 120,000 Share Price $177.12 Est. Cost/Share — Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 9.1%

Value $13.4M Shares 40,000 Share Price $334.90 Est. Cost/Share — Unrealized @ Report Date —

ALGT ALLEGIANT TRAVEL CO 8.1%

Value $11.98M Shares 100,000 Share Price $119.80 * Est. Cost/Share $116.38 Unrealized @ Report Date +0.2%

— VISTA OUTDOOR INC 7.2%

Value $10.6M Shares 525,000 Share Price $20.18 Est. Cost/Share $10.69 Unrealized @ Report Date —

VSAT VIASAT INC 6.9%

Value $10.14M Shares 295,000 Share Price $34.39 * Est. Cost/Share $60.02 Unrealized @ Report Date -37.0%

— BARRICK GOLD CORP 5.7%

Value $8.433M Shares 300,000 Share Price $28.11 Est. Cost/Share $16.29 Unrealized @ Report Date —

AM ANTERO MIDSTREAM CORP 5.5%

Value $8.055M Shares 1,500,000 Share Price $5.37 * Est. Cost/Share $5.13 Unrealized @ Report Date -25.8%

NEM NEWMONT CORP 4.6%

Value $6.853M Shares 108,000 Share Price $63.45 * Est. Cost/Share $34.82 Unrealized @ Report Date +58.4%

— ALLEGHANY CORP DEL 3.9%

Value $5.725M Shares 11,000 Share Price $520.45 Est. Cost/Share $489.18 Unrealized @ Report Date —

CCJ CAMECO CORP 3.8%

Value $5.555M Shares 550,000 Share Price $10.10 * Est. Cost/Share $9.83 Unrealized @ Report Date +8.1%

PHYS SPROTT PHYSICAL GOLD TR 3.7%

Value $5.388M Shares 358,000 Share Price $15.05 Est. Cost/Share $14.33 Unrealized @ Report Date —

EOG EOG RES INC 3.6%

Value $5.319M Shares 148,000 Share Price $35.94 * Est. Cost/Share $36.46 Unrealized @ Report Date -4.4%

— NATIONAL OILWELL VARCO INC 3.5%

Value $5.21M Shares 575,000 Share Price $9.06 Est. Cost/Share $24.95 Unrealized @ Report Date —

— PRECISION DRILLING CORP 2.5%

Value $3.744M Shares 5,850,000 Share Price $0.64 Est. Cost/Share $1.82 Unrealized @ Report Date —

MLM MARTIN MARIETTA MATLS INC 2.5%

Value $3.648M Shares 15,500 Share Price $235.35 * Est. Cost/Share $207.40 Unrealized @ Report Date +0.7%

AR ANTERO RESOURCES CORP 2.4%

Value $3.603M Shares 1,310,000 Share Price $2.75 * Est. Cost/Share $15.90 Unrealized @ Report Date -80.1%

— CONSOL ENERGY INC DISC COML 2.4%

Value $3.544M Shares 800,000 Share Price $4.43 Est. Cost/Share $24.28 Unrealized @ Report Date —

SII SPROTT INC 2.3%

Value $3.414M Shares 100,000 Share Price $34.14 Est. Cost/Share $27.57 Unrealized @ Report Date +24.1%

— TEXAS PAC LD TR 2.0%

Value $2.935M Shares 6,500 Share Price $451.54 Est. Cost/Share $451.54 Unrealized @ Report Date —

ARLP ALLIANCE RESOURCE PARTNERS L 1.6%

Value $2.368M Shares 855,000 Share Price $2.77 Est. Cost/Share $13.93 Unrealized @ Report Date —

— CINER RES LP 1.5%

Value $2.252M Shares 180,000 Share Price $12.51 Est. Cost/Share $23.55 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 1.2%

Value $1.73M Shares 1,000,000 Share Price $1.73 Est. Cost/Share $1.60 Unrealized @ Report Date +5.7%

BBCP CONCRETE PUMPING HLDGS INC 1.1%

Value $1.695M Shares 474,700 Share Price $3.57 * Est. Cost/Share $4.06 Unrealized @ Report Date -19.6%

UVE UNIVERSAL INS HLDGS INC 0.2%

Value $317K Shares 22,894 Share Price $13.85 * Est. Cost/Share $17.65 Unrealized @ Report Date 0.0%

PSLV SPROTT PHYSICAL SILVER TR 0.1%

Value $207K Shares 25,000 Share Price $8.28 Est. Cost/Share $8.28 Unrealized @ Report Date —

— CORVUS GOLD INC 0.0%

Value $37,000 Shares 12,500 Share Price $2.96 Est. Cost/Share $2.96 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLD	SPDR GOLD TR	120,000	$21.25M	14.4%	$177.12	—	—	Call	78463V107
SPY	SPDR S&P 500 ETF TR	40,000	$13.4M	9.1%	$334.90	—	—	Put	78462F103
ALGT	ALLEGIANT TRAVEL CO	100,000	$11.98M	8.1%	$119.80 *	$116.38	+0.2%	COM	01748X102
—	VISTA OUTDOOR INC	525,000	$10.6M	7.2%	$20.18	$10.69	—	COM	928377100
VSAT	VIASAT INC	295,000	$10.14M	6.9%	$34.39 *	$60.02	-37.0%	COM	92552V100
—	BARRICK GOLD CORP	300,000	$8.433M	5.7%	$28.11	$16.29	—	COM	067901108
AM	ANTERO MIDSTREAM CORP	1,500,000	$8.055M	5.5%	$5.37 *	$5.13	-25.8%	COM	03676B102
NEM	NEWMONT CORP	108,000	$6.853M	4.6%	$63.45 *	$34.82	+58.4%	COM	651639106
—	ALLEGHANY CORP DEL	11,000	$5.725M	3.9%	$520.45	$489.18	—	COM	017175100
CCJ	CAMECO CORP	550,000	$5.555M	3.8%	$10.10 *	$9.83	+8.1%	COM	13321L108
PHYS	SPROTT PHYSICAL GOLD TR	358,000	$5.388M	3.7%	$15.05	$14.33	—	UNIT	85207H104
EOG	EOG RES INC	148,000	$5.319M	3.6%	$35.94 *	$36.46	-4.4%	COM	26875P101
—	NATIONAL OILWELL VARCO INC	575,000	$5.21M	3.5%	$9.06	$24.95	—	COM	637071101
—	PRECISION DRILLING CORP	5,850,000	$3.744M	2.5%	$0.64	$1.82	—	COM 2010	74022D308
MLM	MARTIN MARIETTA MATLS INC	15,500	$3.648M	2.5%	$235.35 *	$207.40	+0.7%	COM	573284106
AR	ANTERO RESOURCES CORP	1,310,000	$3.603M	2.4%	$2.75 *	$15.90	-80.1%	COM	03674X106
—	CONSOL ENERGY INC DISC COML	800,000	$3.544M	2.4%	$4.43	$24.28	—	COM	20854L108
SII	SPROTT INC	100,000	$3.414M	2.3%	$34.14	$27.57	+24.1%	COM NEW	852066208
—	TEXAS PAC LD TR	6,500	$2.935M	2.0%	$451.54	$451.54	—	SUB CTF PROP I T	882610108
ARLP	ALLIANCE RESOURCE PARTNERS L	855,000	$2.368M	1.6%	$2.77	$13.93	—	UT LTD PART	01877R108
—	CINER RES LP	180,000	$2.252M	1.5%	$12.51	$23.55	—	COM UNIT LTD	172464109
NXE	NEXGEN ENERGY LTD	1,000,000	$1.73M	1.2%	$1.73	$1.60	+5.7%	COM	65340P106
BBCP	CONCRETE PUMPING HLDGS INC	474,700	$1.695M	1.1%	$3.57 *	$4.06	-19.6%	COM	206704108
UVE	UNIVERSAL INS HLDGS INC	22,894	$317K	0.2%	$13.85 *	$17.65	0.0%	COM	91359V107
PSLV	SPROTT PHYSICAL SILVER TR	25,000	$207K	0.1%	$8.28	$8.28	—	TR UNIT	85207K107
—	CORVUS GOLD INC	12,500	$37,000	0.0%	$2.96	$2.96	—	COM	221013105