Mountain Lake Investment Management LLC Diversified Active

CIK: 0001308555 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Jan 21, 2022

Total Value ($000): $230,897 (100.0% shares, 0.0% debt)

Holdings (29)

SPY SPDR S&P 500 ETF TR 34.4%

Value ($000) $79,392 Shares 50,000 Est. Cost — Unrealized —

AR ANTERO RESOURCES CORP 6.2%

Value ($000) $14,262 Shares 758,250 Est. Cost $15.87 Unrealized -8.0%

VSAT VIASAT INC 6.0%

Value ($000) $13,850 Shares 251,500 Est. Cost $59.40 Unrealized -14.0%

EOG EOG RES INC 5.7%

Value ($000) $13,245 Shares 165,000 Est. Cost $35.99 Unrealized +63.4%

ALGT ALLEGIANT TRAVEL CO 5.4%

Value ($000) $12,413 Shares 63,500 Est. Cost $141.42 Unrealized +31.1%

PDS PRECISION DRILLING CORP 5.3%

Value ($000) $12,315 Shares 304,750 Est. Cost $16.66 Unrealized +106.8%

— CONSOL ENERGY INC NEW 5.2%

Value ($000) $11,943 Shares 459,000 Est. Cost $24.28 Unrealized —

NOV NOV INC 4.8%

Value ($000) $11,144 Shares 850,000 Est. Cost $14.54 Unrealized -7.2%

TPL TEXAS PACIFIC LAND CORPORATI 4.5%

Value ($000) $10,280 Shares 8,500 Est. Cost $117.17 Unrealized +25.4%

NXE NEXGEN ENERGY LTD 3.2%

Value ($000) $7,332 Shares 1,550,000 Est. Cost $2.34 Unrealized +88.5%

NEM NEWMONT CORP 2.7%

Value ($000) $6,245 Shares 115,000 Est. Cost $37.20 Unrealized +38.0%

— BARRICK GOLD CORP 2.5%

Value ($000) $5,866 Shares 325,000 Est. Cost $17.00 Unrealized —

— VISTA OUTDOOR INC 2.1%

Value ($000) $4,878 Shares 121,000 Est. Cost $10.69 Unrealized —

SA SEABRIDGE GOLD INC 2.0%

Value ($000) $4,558 Shares 295,000 Est. Cost $18.03 Unrealized -3.9%

BBCP CONCRETE PUMPING HLDGS INC 1.7%

Value ($000) $3,958 Shares 463,500 Est. Cost $4.12 Unrealized +80.5%

— CINER RESOURCES LP 1.1%

Value ($000) $2,592 Shares 163,000 Est. Cost $23.55 Unrealized —

ARLP ALLIANCE RESOURCE PARTNERS L 1.1%

Value ($000) $2,495 Shares 229,500 Est. Cost $13.93 Unrealized —

PHYS SPROTT PHYSICAL GOLD TR 1.0%

Value ($000) $2,415 Shares 175,000 Est. Cost $14.33 Unrealized —

MLM MARTIN MARIETTA MATLS INC 0.7%

Value ($000) $1,708 Shares 5,000 Est. Cost $207.40 Unrealized +70.6%

VSAT VIASAT INC 0.6%

Value ($000) $1,460 Shares 26,500 Est. Cost $59.40 Unrealized -14.0%

CCJ CAMECO CORP 0.6%

Value ($000) $1,412 Shares 65,000 Est. Cost $9.83 Unrealized +90.0%

— VIDLER WATER RESOUCES INC 0.6%

Value ($000) $1,286 Shares 113,000 Est. Cost $11.38 Unrealized —

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.5%

Value ($000) $1,222 Shares 70,000 Est. Cost $18.81 Unrealized —

— OSISKO GOLD ROYALTIES LTD 0.4%

Value ($000) $1,011 Shares 90,000 Est. Cost $11.02 Unrealized —

SGOL ABERDEEN STD GOLD ETF TR 0.4%

Value ($000) $927 Shares 55,000 Est. Cost $17.42 Unrealized —

CALM CAL MAINE FOODS INC 0.4%

Value ($000) $904 Shares 25,000 Est. Cost $27.71 Unrealized 0.0%

— SANDSTORM GOLD LTD 0.4%

Value ($000) $893 Shares 155,000 Est. Cost $6.82 Unrealized —

EMX EMX RTY CORP 0.3%

Value ($000) $599 Shares 234,100 Est. Cost $2.96 Unrealized —

AM ANTERO MIDSTREAM CORP 0.1%

Value ($000) $292 Shares 28,000 Est. Cost $5.13 Unrealized +37.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	50,000	$79,392	34.4%	—	—	Put	78462F103
AR	ANTERO RESOURCES CORP	758,250	$14,262	6.2%	$15.87	-8.0%	COM	03674X106
VSAT	VIASAT INC	251,500	$13,850	6.0%	$59.40	-14.0%	COM	92552V100
EOG	EOG RES INC	165,000	$13,245	5.7%	$35.99	+63.4%	COM	26875P101
ALGT	ALLEGIANT TRAVEL CO	63,500	$12,413	5.4%	$141.42	+31.1%	COM	01748X102
PDS	PRECISION DRILLING CORP	304,750	$12,315	5.3%	$16.66	+106.8%	COM NEW	74022D407
—	CONSOL ENERGY INC NEW	459,000	$11,943	5.2%	$24.28	—	COM	20854L108
NOV	NOV INC	850,000	$11,144	4.8%	$14.54	-7.2%	COM	62955J103
TPL	TEXAS PACIFIC LAND CORPORATI	8,500	$10,280	4.5%	$117.17	+25.4%	COM	88262P102
NXE	NEXGEN ENERGY LTD	1,550,000	$7,332	3.2%	$2.34	+88.5%	COM	65340P106
NEM	NEWMONT CORP	115,000	$6,245	2.7%	$37.20	+38.0%	COM	651639106
—	BARRICK GOLD CORP	325,000	$5,866	2.5%	$17.00	—	COM	067901108
—	VISTA OUTDOOR INC	121,000	$4,878	2.1%	$10.69	—	COM	928377100
SA	SEABRIDGE GOLD INC	295,000	$4,558	2.0%	$18.03	-3.9%	COM	811916105
BBCP	CONCRETE PUMPING HLDGS INC	463,500	$3,958	1.7%	$4.12	+80.5%	COM	206704108
—	CINER RESOURCES LP	163,000	$2,592	1.1%	$23.55	—	COM UNIT LTD	172464109
ARLP	ALLIANCE RESOURCE PARTNERS L	229,500	$2,495	1.1%	$13.93	—	UT LTD PART	01877R108
PHYS	SPROTT PHYSICAL GOLD TR	175,000	$2,415	1.0%	$14.33	—	UNIT	85207H104
MLM	MARTIN MARIETTA MATLS INC	5,000	$1,708	0.7%	$207.40	+70.6%	COM	573284106
VSAT	VIASAT INC	26,500	$1,460	0.6%	$59.40	-14.0%	Call	92552V100
CCJ	CAMECO CORP	65,000	$1,412	0.6%	$9.83	+90.0%	COM	13321L108
—	VIDLER WATER RESOUCES INC	113,000	$1,286	0.6%	$11.38	—	COM	92660E107
AAAU	GOLDMAN SACHS PHYSICAL GOLD	70,000	$1,222	0.5%	$18.81	—	UNIT	38150K103
—	OSISKO GOLD ROYALTIES LTD	90,000	$1,011	0.4%	$11.02	—	COM	68827L101
SGOL	ABERDEEN STD GOLD ETF TR	55,000	$927	0.4%	$17.42	—	PHYSCL GOLD SHS	00326A104
CALM	CAL MAINE FOODS INC	25,000	$904	0.4%	$27.71	0.0%	COM NEW	128030202
—	SANDSTORM GOLD LTD	155,000	$893	0.4%	$6.82	—	COM NEW	80013R206
EMX	EMX RTY CORP	234,100	$599	0.3%	$2.96	—	COM	26873J107
AM	ANTERO MIDSTREAM CORP	28,000	$292	0.1%	$5.13	+37.9%	COM	03676B102