Mountain Lake Investment Management LLC Diversified Active

CIK: 0001308555 · Show all filings

Period: Q2 2021 (← Previous) (Next →)

Filing Date: Aug 16, 2021

Total Value ($000): $205,001 (100.0% shares, 0.0% debt)

Holdings (29)

SPY SPDR S&P 500 ETF TR 10.4%

Value ($000) $21,403 Shares 50,000 Est. Cost — Unrealized —

TPL TEXAS PACIFIC LAND CORPORATI 7.4%

Value ($000) $15,198 Shares 9,500 Est. Cost $117.17 Unrealized +40.1%

VSAT VIASAT INC 6.9%

Value ($000) $14,204 Shares 285,000 Est. Cost $59.40 Unrealized -16.4%

EOG EOG RES INC 6.7%

Value ($000) $13,768 Shares 165,000 Est. Cost $35.99 Unrealized +74.6%

PDS PRECISION DRILLING CORP 6.4%

Value ($000) $13,042 Shares 312,750 Est. Cost $16.66 Unrealized +86.6%

ALGT ALLEGIANT TRAVEL CO 6.2%

Value ($000) $12,610 Shares 65,000 Est. Cost $141.42 Unrealized +53.1%

NOV NOV INC 6.1%

Value ($000) $12,409 Shares 810,000 Est. Cost $14.59 Unrealized +6.6%

— VISTA OUTDOOR INC 5.7%

Value ($000) $11,778 Shares 254,500 Est. Cost $10.69 Unrealized —

AR ANTERO RESOURCES CORP 5.4%

Value ($000) $11,171 Shares 743,250 Est. Cost $15.90 Unrealized -26.2%

— CONSOL ENERGY INC NEW 5.2%

Value ($000) $10,750 Shares 582,000 Est. Cost $24.28 Unrealized —

NEM NEWMONT CORP 3.9%

Value ($000) $7,923 Shares 125,000 Est. Cost $37.20 Unrealized +55.7%

AM ANTERO MIDSTREAM CORP 3.8%

Value ($000) $7,793 Shares 750,000 Est. Cost $5.13 Unrealized +31.4%

— BARRICK GOLD CORP 3.5%

Value ($000) $7,238 Shares 350,000 Est. Cost $17.00 Unrealized —

NXE NEXGEN ENERGY LTD 3.1%

Value ($000) $6,253 Shares 1,525,000 Est. Cost $2.31 Unrealized +84.2%

CCJ CAMECO CORP 2.4%

Value ($000) $4,987 Shares 260,000 Est. Cost $9.83 Unrealized +89.6%

SA SEABRIDGE GOLD INC 2.4%

Value ($000) $4,914 Shares 280,000 Est. Cost $18.06 Unrealized 0.0%

BBCP CONCRETE PUMPING HLDGS INC 2.1%

Value ($000) $4,235 Shares 500,000 Est. Cost $4.12 Unrealized +71.9%

GLD SPDR GOLD TR 1.6%

Value ($000) $3,312 Shares 20,000 Est. Cost — Unrealized —

MLM MARTIN MARIETTA MATLS INC 1.5%

Value ($000) $2,990 Shares 8,500 Est. Cost $207.40 Unrealized +66.9%

ARLP ALLIANCE RESOURCE PARTNERS L 1.4%

Value ($000) $2,848 Shares 395,000 Est. Cost $13.93 Unrealized —

— CINER RESOURCES LP 1.3%

Value ($000) $2,581 Shares 178,000 Est. Cost $23.55 Unrealized —

EMX EMX RTY CORP 1.2%

Value ($000) $2,533 Shares 850,000 Est. Cost $2.96 Unrealized —

PHYS SPROTT PHYSICAL GOLD TR 1.2%

Value ($000) $2,455 Shares 175,000 Est. Cost $14.33 Unrealized —

EQT EQT CORP 1.1%

Value ($000) $2,226 Shares 100,000 Est. Cost $18.97 Unrealized 0.0%

— SANDSTORM GOLD LTD 0.9%

Value ($000) $1,775 Shares 225,000 Est. Cost $6.82 Unrealized —

— OSISKO GOLD ROYALTIES LTD 0.7%

Value ($000) $1,370 Shares 100,000 Est. Cost $11.02 Unrealized —

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.6%

Value ($000) $1,320 Shares 75,000 Est. Cost $18.81 Unrealized —

VSAT VIASAT INC 0.6%

Value ($000) $1,320 Shares 26,500 Est. Cost $59.40 Unrealized -16.4%

SGOL ABERDEEN STD GOLD ETF TR 0.3%

Value ($000) $595 Shares 35,000 Est. Cost $17.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	50,000	$21,403	10.4%	—	—	Put	78462F103
TPL	TEXAS PACIFIC LAND CORPORATI	9,500	$15,198	7.4%	$117.17	+40.1%	COM	88262P102
VSAT	VIASAT INC	285,000	$14,204	6.9%	$59.40	-16.4%	COM	92552V100
EOG	EOG RES INC	165,000	$13,768	6.7%	$35.99	+74.6%	COM	26875P101
PDS	PRECISION DRILLING CORP	312,750	$13,042	6.4%	$16.66	+86.6%	COM NEW	74022D407
ALGT	ALLEGIANT TRAVEL CO	65,000	$12,610	6.2%	$141.42	+53.1%	COM	01748X102
NOV	NOV INC	810,000	$12,409	6.1%	$14.59	+6.6%	COM	62955J103
—	VISTA OUTDOOR INC	254,500	$11,778	5.7%	$10.69	—	COM	928377100
AR	ANTERO RESOURCES CORP	743,250	$11,171	5.4%	$15.90	-26.2%	COM	03674X106
—	CONSOL ENERGY INC NEW	582,000	$10,750	5.2%	$24.28	—	COM	20854L108
NEM	NEWMONT CORP	125,000	$7,923	3.9%	$37.20	+55.7%	COM	651639106
AM	ANTERO MIDSTREAM CORP	750,000	$7,793	3.8%	$5.13	+31.4%	COM	03676B102
—	BARRICK GOLD CORP	350,000	$7,238	3.5%	$17.00	—	COM	067901108
NXE	NEXGEN ENERGY LTD	1,525,000	$6,253	3.1%	$2.31	+84.2%	COM	65340P106
CCJ	CAMECO CORP	260,000	$4,987	2.4%	$9.83	+89.6%	COM	13321L108
SA	SEABRIDGE GOLD INC	280,000	$4,914	2.4%	$18.06	0.0%	COM	811916105
BBCP	CONCRETE PUMPING HLDGS INC	500,000	$4,235	2.1%	$4.12	+71.9%	COM	206704108
GLD	SPDR GOLD TR	20,000	$3,312	1.6%	—	—	Call	78463V107
MLM	MARTIN MARIETTA MATLS INC	8,500	$2,990	1.5%	$207.40	+66.9%	COM	573284106
ARLP	ALLIANCE RESOURCE PARTNERS L	395,000	$2,848	1.4%	$13.93	—	UT LTD PART	01877R108
—	CINER RESOURCES LP	178,000	$2,581	1.3%	$23.55	—	COM UNIT LTD	172464109
EMX	EMX RTY CORP	850,000	$2,533	1.2%	$2.96	—	COM	26873J107
PHYS	SPROTT PHYSICAL GOLD TR	175,000	$2,455	1.2%	$14.33	—	UNIT	85207H104
EQT	EQT CORP	100,000	$2,226	1.1%	$18.97	0.0%	COM	26884L109
—	SANDSTORM GOLD LTD	225,000	$1,775	0.9%	$6.82	—	COM NEW	80013R206
—	OSISKO GOLD ROYALTIES LTD	100,000	$1,370	0.7%	$11.02	—	COM	68827L101
AAAU	GOLDMAN SACHS PHYSICAL GOLD	75,000	$1,320	0.6%	$18.81	—	UNIT	38150K103
VSAT	VIASAT INC	26,500	$1,320	0.6%	$59.40	-16.4%	Call	92552V100
SGOL	ABERDEEN STD GOLD ETF TR	35,000	$595	0.3%	$17.74	—	PHYSCL GOLD SHS	00326A104