Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 17, 2021

Total Value: $179M (100.0% shares, 0.0% debt)

Holdings (28)

TPL TEXAS PACIFIC LAND CORPORATI 8.9%

Value $15.89M Shares 10,000 Share Price $1589.40 * Est. Cost/Share $117.17 Unrealized @ Report Date 0.0%

VSAT VIASAT INC 7.5%

Value $13.44M Shares 279,500 Share Price $48.07 Est. Cost/Share $59.59 Unrealized @ Report Date -18.8%

EOG EOG RES INC 6.8%

Value $12.19M Shares 168,000 Share Price $72.53 * Est. Cost/Share $35.99 Unrealized @ Report Date +40.1%

ALGT ALLEGIANT TRAVEL CO 6.7%

Value $11.9M Shares 48,750 Share Price $244.06 * Est. Cost/Share $116.38 Unrealized @ Report Date +84.4%

AM ANTERO MIDSTREAM CORP 6.6%

Value $11.83M Shares 1,310,100 Share Price $9.03 * Est. Cost/Share $5.13 Unrealized @ Report Date +15.0%

— VISTA OUTDOOR INC 6.5%

Value $11.63M Shares 362,500 Share Price $32.07 Est. Cost/Share $10.69 Unrealized @ Report Date —

NOV NOV INC 5.8%

Value $10.29M Shares 750,000 Share Price $13.72 * Est. Cost/Share $14.51 Unrealized @ Report Date 0.0%

GLD SPDR GOLD TR 4.9%

Value $8.799M Shares 55,000 Share Price $159.98 Est. Cost/Share — Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 4.9%

Value $8.798M Shares 862,500 Share Price $10.20 * Est. Cost/Share $15.90 Unrealized @ Report Date -46.7%

NEM NEWMONT CORP 4.2%

Value $7.534M Shares 125,000 Share Price $60.27 * Est. Cost/Share $37.20 Unrealized @ Report Date +37.8%

— BARRICK GOLD CORP 3.9%

Value $6.93M Shares 350,000 Share Price $19.80 Est. Cost/Share $17.00 Unrealized @ Report Date —

— ALLEGHANY CORP DEL 3.9%

Value $6.889M Shares 11,000 Share Price $626.27 Est. Cost/Share $489.18 Unrealized @ Report Date —

PDS PRECISION DRILLING CORP 3.8%

Value $6.699M Shares 310,000 Share Price $21.61 * Est. Cost/Share $16.66 Unrealized @ Report Date +36.0%

— CONSOL ENERGY INC DISC COML 3.5%

Value $6.337M Shares 652,000 Share Price $9.72 Est. Cost/Share $24.28 Unrealized @ Report Date —

CCJ CAMECO CORP 3.0%

Value $5.282M Shares 318,000 Share Price $16.61 * Est. Cost/Share $9.83 Unrealized @ Report Date +54.3%

NXE NEXGEN ENERGY LTD 2.5%

Value $4.447M Shares 1,225,000 Share Price $3.63 * Est. Cost/Share $1.83 Unrealized @ Report Date +85.2%

PHYS SPROTT PHYSICAL GOLD TR 2.5%

Value $4.425M Shares 330,000 Share Price $13.41 Est. Cost/Share $14.33 Unrealized @ Report Date —

MLM MARTIN MARIETTA MATLS INC 2.3%

Value $4.114M Shares 12,250 Share Price $335.84 * Est. Cost/Share $207.40 Unrealized @ Report Date +49.4%

ARLP ALLIANCE RESOURCE PARTNERS L 2.1%

Value $3.782M Shares 652,000 Share Price $5.80 Est. Cost/Share $13.93 Unrealized @ Report Date —

BBCP CONCRETE PUMPING HLDGS INC 2.1%

Value $3.705M Shares 500,000 Share Price $7.41 * Est. Cost/Share $4.12 Unrealized @ Report Date +29.0%

UVE UNIVERSAL INS HLDGS INC 1.4%

Value $2.581M Shares 180,000 Share Price $14.34 * Est. Cost/Share $14.67 Unrealized @ Report Date +1.9%

EMX EMX RTY CORP 1.4%

Value $2.549M Shares 861,225 Share Price $2.96 Est. Cost/Share $2.96 Unrealized @ Report Date —

— CINER RESOURCES LP 1.3%

Value $2.313M Shares 180,000 Share Price $12.85 Est. Cost/Share $23.55 Unrealized @ Report Date —

SNCY SUN CTRY AIRLS HLDGS INC 1.0%

Value $1.817M Shares 53,000 Share Price $34.28 Est. Cost/Share $33.92 Unrealized @ Report Date 0.0%

— SANDSTORM GOLD LTD 0.8%

Value $1.496M Shares 220,000 Share Price $6.80 Est. Cost/Share $6.80 Unrealized @ Report Date —

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.7%

Value $1.274M Shares 75,000 Share Price $16.99 Est. Cost/Share $18.81 Unrealized @ Report Date —

— OSISKO GOLD ROYALTIES LTD 0.6%

Value $1.102M Shares 100,000 Share Price $11.02 Est. Cost/Share $11.02 Unrealized @ Report Date —

SGOL ABERDEEN STD GOLD ETF TR 0.3%

Value $574K Shares 35,000 Share Price $16.40 Est. Cost/Share $17.74 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TPL	TEXAS PACIFIC LAND CORPORATI	10,000	$15.89M	8.9%	$1589.40 *	$117.17	0.0%	COM	88262P102
VSAT	VIASAT INC	279,500	$13.44M	7.5%	$48.07	$59.59	-18.8%	COM	92552V100
EOG	EOG RES INC	168,000	$12.19M	6.8%	$72.53 *	$35.99	+40.1%	COM	26875P101
ALGT	ALLEGIANT TRAVEL CO	48,750	$11.9M	6.7%	$244.06 *	$116.38	+84.4%	COM	01748X102
AM	ANTERO MIDSTREAM CORP	1,310,100	$11.83M	6.6%	$9.03 *	$5.13	+15.0%	COM	03676B102
—	VISTA OUTDOOR INC	362,500	$11.63M	6.5%	$32.07	$10.69	—	COM	928377100
NOV	NOV INC	750,000	$10.29M	5.8%	$13.72 *	$14.51	0.0%	COM	62955J103
GLD	SPDR GOLD TR	55,000	$8.799M	4.9%	$159.98	—	—	Call	78463V107
AR	ANTERO RESOURCES CORP	862,500	$8.798M	4.9%	$10.20 *	$15.90	-46.7%	COM	03674X106
NEM	NEWMONT CORP	125,000	$7.534M	4.2%	$60.27 *	$37.20	+37.8%	COM	651639106
—	BARRICK GOLD CORP	350,000	$6.93M	3.9%	$19.80	$17.00	—	COM	067901108
—	ALLEGHANY CORP DEL	11,000	$6.889M	3.9%	$626.27	$489.18	—	COM	017175100
PDS	PRECISION DRILLING CORP	310,000	$6.699M	3.8%	$21.61 *	$16.66	+36.0%	COM NEW	74022D407
—	CONSOL ENERGY INC DISC COML	652,000	$6.337M	3.5%	$9.72	$24.28	—	COM	20854L108
CCJ	CAMECO CORP	318,000	$5.282M	3.0%	$16.61 *	$9.83	+54.3%	COM	13321L108
NXE	NEXGEN ENERGY LTD	1,225,000	$4.447M	2.5%	$3.63 *	$1.83	+85.2%	COM	65340P106
PHYS	SPROTT PHYSICAL GOLD TR	330,000	$4.425M	2.5%	$13.41	$14.33	—	UNIT	85207H104
MLM	MARTIN MARIETTA MATLS INC	12,250	$4.114M	2.3%	$335.84 *	$207.40	+49.4%	COM	573284106
ARLP	ALLIANCE RESOURCE PARTNERS L	652,000	$3.782M	2.1%	$5.80	$13.93	—	UT LTD PART	01877R108
BBCP	CONCRETE PUMPING HLDGS INC	500,000	$3.705M	2.1%	$7.41 *	$4.12	+29.0%	COM	206704108
UVE	UNIVERSAL INS HLDGS INC	180,000	$2.581M	1.4%	$14.34 *	$14.67	+1.9%	COM	91359V107
EMX	EMX RTY CORP	861,225	$2.549M	1.4%	$2.96	$2.96	—	COM	26873J107
—	CINER RESOURCES LP	180,000	$2.313M	1.3%	$12.85	$23.55	—	COM UNIT LTD	172464109
SNCY	SUN CTRY AIRLS HLDGS INC	53,000	$1.817M	1.0%	$34.28	$33.92	0.0%	COM	866683105
—	SANDSTORM GOLD LTD	220,000	$1.496M	0.8%	$6.80	$6.80	—	COM NEW	80013R206
AAAU	GOLDMAN SACHS PHYSICAL GOLD	75,000	$1.274M	0.7%	$16.99	$18.81	—	UNIT	38150K103
—	OSISKO GOLD ROYALTIES LTD	100,000	$1.102M	0.6%	$11.02	$11.02	—	COM	68827L101
SGOL	ABERDEEN STD GOLD ETF TR	35,000	$574K	0.3%	$16.40	$17.74	—	PHYSCL GOLD SHS	00326A104