Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q2 2021 (← Previous) (Next →)

Filing Date: Aug 16, 2021

Total Value: $205M (100.0% shares, 0.0% debt)

Holdings (29)

SPY SPDR S&P 500 ETF TR 10.4%

Value $21.4M Shares 50,000 Share Price $428.06 Est. Cost/Share — Unrealized @ Report Date —

TPL TEXAS PACIFIC LAND CORPORATI 7.4%

Value $15.2M Shares 9,500 Share Price $1599.79 * Est. Cost/Share $117.17 Unrealized @ Report Date +40.1%

VSAT VIASAT INC 6.9%

Value $14.2M Shares 285,000 Share Price $49.84 Est. Cost/Share $59.40 Unrealized @ Report Date -16.4%

EOG EOG RES INC 6.7%

Value $13.77M Shares 165,000 Share Price $83.44 * Est. Cost/Share $35.99 Unrealized @ Report Date +74.6%

PDS PRECISION DRILLING CORP 6.4%

Value $13.04M Shares 312,750 Share Price $41.70 * Est. Cost/Share $16.66 Unrealized @ Report Date +86.6%

ALGT ALLEGIANT TRAVEL CO 6.2%

Value $12.61M Shares 65,000 Share Price $194.00 * Est. Cost/Share $141.42 Unrealized @ Report Date +53.1%

NOV NOV INC 6.1%

Value $12.41M Shares 810,000 Share Price $15.32 Est. Cost/Share $14.59 Unrealized @ Report Date +6.6%

— VISTA OUTDOOR INC 5.7%

Value $11.78M Shares 254,500 Share Price $46.28 Est. Cost/Share $10.69 Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 5.4%

Value $11.17M Shares 743,250 Share Price $15.03 * Est. Cost/Share $15.90 Unrealized @ Report Date -26.2%

— CONSOL ENERGY INC NEW 5.2%

Value $10.75M Shares 582,000 Share Price $18.47 Est. Cost/Share $24.28 Unrealized @ Report Date —

NEM NEWMONT CORP 3.9%

Value $7.923M Shares 125,000 Share Price $63.38 * Est. Cost/Share $37.20 Unrealized @ Report Date +55.7%

AM ANTERO MIDSTREAM CORP 3.8%

Value $7.793M Shares 750,000 Share Price $10.39 * Est. Cost/Share $5.13 Unrealized @ Report Date +31.4%

— BARRICK GOLD CORP 3.5%

Value $7.238M Shares 350,000 Share Price $20.68 Est. Cost/Share $17.00 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 3.1%

Value $6.253M Shares 1,525,000 Share Price $4.10 * Est. Cost/Share $2.31 Unrealized @ Report Date +84.2%

CCJ CAMECO CORP 2.4%

Value $4.987M Shares 260,000 Share Price $19.18 * Est. Cost/Share $9.83 Unrealized @ Report Date +89.6%

SA SEABRIDGE GOLD INC 2.4%

Value $4.914M Shares 280,000 Share Price $17.55 * Est. Cost/Share $18.06 Unrealized @ Report Date 0.0%

BBCP CONCRETE PUMPING HLDGS INC 2.1%

Value $4.235M Shares 500,000 Share Price $8.47 * Est. Cost/Share $4.12 Unrealized @ Report Date +71.9%

GLD SPDR GOLD TR 1.6%

Value $3.312M Shares 20,000 Share Price $165.60 Est. Cost/Share — Unrealized @ Report Date —

MLM MARTIN MARIETTA MATLS INC 1.5%

Value $2.99M Shares 8,500 Share Price $351.76 Est. Cost/Share $207.40 Unrealized @ Report Date +66.9%

ARLP ALLIANCE RESOURCE PARTNERS L 1.4%

Value $2.848M Shares 395,000 Share Price $7.21 Est. Cost/Share $13.93 Unrealized @ Report Date —

— CINER RESOURCES LP 1.3%

Value $2.581M Shares 178,000 Share Price $14.50 Est. Cost/Share $23.55 Unrealized @ Report Date —

EMX EMX RTY CORP 1.2%

Value $2.533M Shares 850,000 Share Price $2.98 Est. Cost/Share $2.96 Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TR 1.2%

Value $2.455M Shares 175,000 Share Price $14.03 Est. Cost/Share $14.33 Unrealized @ Report Date —

EQT EQT CORP 1.1%

Value $2.226M Shares 100,000 Share Price $22.26 * Est. Cost/Share $18.97 Unrealized @ Report Date 0.0%

— SANDSTORM GOLD LTD 0.9%

Value $1.775M Shares 225,000 Share Price $7.89 Est. Cost/Share $6.82 Unrealized @ Report Date —

— OSISKO GOLD ROYALTIES LTD 0.7%

Value $1.37M Shares 100,000 Share Price $13.70 Est. Cost/Share $11.02 Unrealized @ Report Date —

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.6%

Value $1.32M Shares 75,000 Share Price $17.60 Est. Cost/Share $18.81 Unrealized @ Report Date —

VSAT VIASAT INC 0.6%

Value $1.32M Shares 26,500 Share Price $49.81 Est. Cost/Share $59.40 Unrealized @ Report Date -16.4%

SGOL ABERDEEN STD GOLD ETF TR 0.3%

Value $595K Shares 35,000 Share Price $17.00 Est. Cost/Share $17.74 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	50,000	$21.4M	10.4%	$428.06	—	—	Put	78462F103
TPL	TEXAS PACIFIC LAND CORPORATI	9,500	$15.2M	7.4%	$1599.79 *	$117.17	+40.1%	COM	88262P102
VSAT	VIASAT INC	285,000	$14.2M	6.9%	$49.84	$59.40	-16.4%	COM	92552V100
EOG	EOG RES INC	165,000	$13.77M	6.7%	$83.44 *	$35.99	+74.6%	COM	26875P101
PDS	PRECISION DRILLING CORP	312,750	$13.04M	6.4%	$41.70 *	$16.66	+86.6%	COM NEW	74022D407
ALGT	ALLEGIANT TRAVEL CO	65,000	$12.61M	6.2%	$194.00 *	$141.42	+53.1%	COM	01748X102
NOV	NOV INC	810,000	$12.41M	6.1%	$15.32	$14.59	+6.6%	COM	62955J103
—	VISTA OUTDOOR INC	254,500	$11.78M	5.7%	$46.28	$10.69	—	COM	928377100
AR	ANTERO RESOURCES CORP	743,250	$11.17M	5.4%	$15.03 *	$15.90	-26.2%	COM	03674X106
—	CONSOL ENERGY INC NEW	582,000	$10.75M	5.2%	$18.47	$24.28	—	COM	20854L108
NEM	NEWMONT CORP	125,000	$7.923M	3.9%	$63.38 *	$37.20	+55.7%	COM	651639106
AM	ANTERO MIDSTREAM CORP	750,000	$7.793M	3.8%	$10.39 *	$5.13	+31.4%	COM	03676B102
—	BARRICK GOLD CORP	350,000	$7.238M	3.5%	$20.68	$17.00	—	COM	067901108
NXE	NEXGEN ENERGY LTD	1,525,000	$6.253M	3.1%	$4.10 *	$2.31	+84.2%	COM	65340P106
CCJ	CAMECO CORP	260,000	$4.987M	2.4%	$19.18 *	$9.83	+89.6%	COM	13321L108
SA	SEABRIDGE GOLD INC	280,000	$4.914M	2.4%	$17.55 *	$18.06	0.0%	COM	811916105
BBCP	CONCRETE PUMPING HLDGS INC	500,000	$4.235M	2.1%	$8.47 *	$4.12	+71.9%	COM	206704108
GLD	SPDR GOLD TR	20,000	$3.312M	1.6%	$165.60	—	—	Call	78463V107
MLM	MARTIN MARIETTA MATLS INC	8,500	$2.99M	1.5%	$351.76	$207.40	+66.9%	COM	573284106
ARLP	ALLIANCE RESOURCE PARTNERS L	395,000	$2.848M	1.4%	$7.21	$13.93	—	UT LTD PART	01877R108
—	CINER RESOURCES LP	178,000	$2.581M	1.3%	$14.50	$23.55	—	COM UNIT LTD	172464109
EMX	EMX RTY CORP	850,000	$2.533M	1.2%	$2.98	$2.96	—	COM	26873J107
PHYS	SPROTT PHYSICAL GOLD TR	175,000	$2.455M	1.2%	$14.03	$14.33	—	UNIT	85207H104
EQT	EQT CORP	100,000	$2.226M	1.1%	$22.26 *	$18.97	0.0%	COM	26884L109
—	SANDSTORM GOLD LTD	225,000	$1.775M	0.9%	$7.89	$6.82	—	COM NEW	80013R206
—	OSISKO GOLD ROYALTIES LTD	100,000	$1.37M	0.7%	$13.70	$11.02	—	COM	68827L101
AAAU	GOLDMAN SACHS PHYSICAL GOLD	75,000	$1.32M	0.6%	$17.60	$18.81	—	UNIT	38150K103
VSAT	VIASAT INC	26,500	$1.32M	0.6%	$49.81	$59.40	-16.4%	Call	92552V100
SGOL	ABERDEEN STD GOLD ETF TR	35,000	$595K	0.3%	$17.00	$17.74	—	PHYSCL GOLD SHS	00326A104