Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 16, 2021

Total Value: $152M (100.0% shares, 0.0% debt)

Holdings (25)

GLD SPDR GOLD TR 14.1%

Value $21.41M Shares 120,000 Share Price $178.38 Est. Cost/Share — Unrealized @ Report Date —

ALGT ALLEGIANT TRAVEL CO 7.9%

Value $12.02M Shares 63,500 Share Price $189.24 * Est. Cost/Share $116.38 Unrealized @ Report Date +27.4%

AM ANTERO MIDSTREAM CORP 7.6%

Value $11.51M Shares 1,493,000 Share Price $7.71 * Est. Cost/Share $5.13 Unrealized @ Report Date -13.1%

— VISTA OUTDOOR INC 7.2%

Value $10.99M Shares 462,500 Share Price $23.76 Est. Cost/Share $10.69 Unrealized @ Report Date —

VSAT VIASAT INC 6.5%

Value $9.795M Shares 300,000 Share Price $32.65 * Est. Cost/Share $59.59 Unrealized @ Report Date -42.3%

— NATIONAL OILWELL VARCO INC 6.4%

Value $9.652M Shares 703,000 Share Price $13.73 Est. Cost/Share $22.90 Unrealized @ Report Date —

EOG EOG RES INC 6.1%

Value $9.226M Shares 185,000 Share Price $49.87 * Est. Cost/Share $35.99 Unrealized @ Report Date -5.2%

NEM NEWMONT CORP 4.9%

Value $7.486M Shares 125,000 Share Price $59.89 * Est. Cost/Share $37.20 Unrealized @ Report Date +40.7%

— BARRICK GOLD CORP 4.9%

Value $7.404M Shares 325,000 Share Price $22.78 Est. Cost/Share $16.79 Unrealized @ Report Date —

— ALLEGHANY CORP DEL 4.4%

Value $6.641M Shares 11,000 Share Price $603.73 Est. Cost/Share $489.18 Unrealized @ Report Date —

— CONSOL ENERGY INC DISC COML 3.6%

Value $5.49M Shares 761,500 Share Price $7.21 Est. Cost/Share $24.28 Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TR 3.5%

Value $5.282M Shares 350,000 Share Price $15.09 Est. Cost/Share $14.33 Unrealized @ Report Date —

PDS PRECISION DRILLING CORP 3.4%

Value $5.12M Shares 305,000 Share Price $16.79 Est. Cost/Share $16.56 Unrealized @ Report Date 0.0%

AR ANTERO RESOURCES CORP 3.3%

Value $5.033M Shares 923,500 Share Price $5.45 * Est. Cost/Share $15.90 Unrealized @ Report Date -74.2%

CCJ CAMECO CORP 3.0%

Value $4.596M Shares 343,000 Share Price $13.40 * Est. Cost/Share $9.83 Unrealized @ Report Date +6.9%

MLM MARTIN MARIETTA MATLS INC 2.7%

Value $4.118M Shares 14,500 Share Price $284.00 * Est. Cost/Share $207.40 Unrealized @ Report Date +24.3%

ARLP ALLIANCE RESOURCE PARTNERS L 2.4%

Value $3.685M Shares 822,500 Share Price $4.48 Est. Cost/Share $13.93 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 2.0%

Value $3.002M Shares 1,087,500 Share Price $2.76 * Est. Cost/Share $1.64 Unrealized @ Report Date +22.4%

UVE UNIVERSAL INS HLDGS INC 1.5%

Value $2.342M Shares 155,000 Share Price $15.11 * Est. Cost/Share $14.62 Unrealized @ Report Date -3.6%

— CINER RESOURCES LP 1.5%

Value $2.266M Shares 180,000 Share Price $12.59 Est. Cost/Share $23.55 Unrealized @ Report Date —

BBCP CONCRETE PUMPING HLDGS INC 1.2%

Value $1.818M Shares 474,700 Share Price $3.83 * Est. Cost/Share $4.06 Unrealized @ Report Date -20.7%

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.9%

Value $1.326M Shares 70,000 Share Price $18.94 Est. Cost/Share $18.94 Unrealized @ Report Date —

SII SPROTT INC 0.7%

Value $1.058M Shares 36,500 Share Price $28.99 * Est. Cost/Share $27.57 Unrealized @ Report Date -0.9%

SGOL ABERDEEN STD GOLD ETF TR 0.3%

Value $457K Shares 25,000 Share Price $18.28 Est. Cost/Share $18.28 Unrealized @ Report Date —

— CORVUS GOLD INC 0.0%

Value $30,000 Shares 12,500 Share Price $2.40 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	$21.41M	14.1%	$178.38	—	—	Call	78463V107
ALGT	ALLEGIANT TRAVEL CO	63,500	$12.02M	7.9%	$189.24 *	$116.38	+27.4%	COM	01748X102
AM	ANTERO MIDSTREAM CORP	1,493,000	$11.51M	7.6%	$7.71 *	$5.13	-13.1%	COM	03676B102
—	VISTA OUTDOOR INC	462,500	$10.99M	7.2%	$23.76	$10.69	—	COM	928377100
VSAT	VIASAT INC	300,000	$9.795M	6.5%	$32.65 *	$59.59	-42.3%	COM	92552V100
—	NATIONAL OILWELL VARCO INC	703,000	$9.652M	6.4%	$13.73	$22.90	—	COM	637071101
EOG	EOG RES INC	185,000	$9.226M	6.1%	$49.87 *	$35.99	-5.2%	COM	26875P101
NEM	NEWMONT CORP	125,000	$7.486M	4.9%	$59.89 *	$37.20	+40.7%	COM	651639106
—	BARRICK GOLD CORP	325,000	$7.404M	4.9%	$22.78	$16.79	—	COM	067901108
—	ALLEGHANY CORP DEL	11,000	$6.641M	4.4%	$603.73	$489.18	—	COM	017175100
—	CONSOL ENERGY INC DISC COML	761,500	$5.49M	3.6%	$7.21	$24.28	—	COM	20854L108
PHYS	SPROTT PHYSICAL GOLD TR	350,000	$5.282M	3.5%	$15.09	$14.33	—	UNIT	85207H104
PDS	PRECISION DRILLING CORP	305,000	$5.12M	3.4%	$16.79	$16.56	0.0%	COM NEW	74022D407
AR	ANTERO RESOURCES CORP	923,500	$5.033M	3.3%	$5.45 *	$15.90	-74.2%	COM	03674X106
CCJ	CAMECO CORP	343,000	$4.596M	3.0%	$13.40 *	$9.83	+6.9%	COM	13321L108
MLM	MARTIN MARIETTA MATLS INC	14,500	$4.118M	2.7%	$284.00 *	$207.40	+24.3%	COM	573284106
ARLP	ALLIANCE RESOURCE PARTNERS L	822,500	$3.685M	2.4%	$4.48	$13.93	—	UT LTD PART	01877R108
NXE	NEXGEN ENERGY LTD	1,087,500	$3.002M	2.0%	$2.76 *	$1.64	+22.4%	COM	65340P106
UVE	UNIVERSAL INS HLDGS INC	155,000	$2.342M	1.5%	$15.11 *	$14.62	-3.6%	COM	91359V107
—	CINER RESOURCES LP	180,000	$2.266M	1.5%	$12.59	$23.55	—	COM UNIT LTD	172464109
BBCP	CONCRETE PUMPING HLDGS INC	474,700	$1.818M	1.2%	$3.83 *	$4.06	-20.7%	COM	206704108
AAAU	GOLDMAN SACHS PHYSICAL GOLD	70,000	$1.326M	0.9%	$18.94	$18.94	—	UNIT	38150K103
SII	SPROTT INC	36,500	$1.058M	0.7%	$28.99 *	$27.57	-0.9%	COM NEW	852066208
SGOL	ABERDEEN STD GOLD ETF TR	25,000	$457K	0.3%	$18.28	$18.28	—	PHYSCL GOLD SHS	00326A104
—	CORVUS GOLD INC	12,500	$30,000	0.0%	$2.40	$2.96	—	COM	221013105