Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Jan 21, 2022

Total Value: $231M (100.0% shares, 0.0% debt)

Holdings (29)

SPY SPDR S&P 500 ETF TR 34.4%

Value $79.39M Shares 50,000 Share Price $1587.84 Est. Cost/Share — Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 6.2%

Value $14.26M Shares 758,250 Share Price $18.81 * Est. Cost/Share $15.87 Unrealized @ Report Date -8.0%

VSAT VIASAT INC 6.0%

Value $13.85M Shares 251,500 Share Price $55.07 * Est. Cost/Share $59.40 Unrealized @ Report Date -14.0%

EOG EOG RES INC 5.7%

Value $13.24M Shares 165,000 Share Price $80.27 * Est. Cost/Share $35.99 Unrealized @ Report Date +63.4%

ALGT ALLEGIANT TRAVEL CO 5.4%

Value $12.41M Shares 63,500 Share Price $195.48 * Est. Cost/Share $141.42 Unrealized @ Report Date +31.1%

PDS PRECISION DRILLING CORP 5.3%

Value $12.31M Shares 304,750 Share Price $40.41 * Est. Cost/Share $16.66 Unrealized @ Report Date +106.8%

— CONSOL ENERGY INC NEW 5.2%

Value $11.94M Shares 459,000 Share Price $26.02 Est. Cost/Share $24.28 Unrealized @ Report Date —

NOV NOV INC 4.8%

Value $11.14M Shares 850,000 Share Price $13.11 * Est. Cost/Share $14.54 Unrealized @ Report Date -7.2%

TPL TEXAS PACIFIC LAND CORPORATI 4.5%

Value $10.28M Shares 8,500 Share Price $1209.41 * Est. Cost/Share $117.17 Unrealized @ Report Date +25.4%

NXE NEXGEN ENERGY LTD 3.2%

Value $7.332M Shares 1,550,000 Share Price $4.73 * Est. Cost/Share $2.34 Unrealized @ Report Date +88.5%

NEM NEWMONT CORP 2.7%

Value $6.245M Shares 115,000 Share Price $54.30 * Est. Cost/Share $37.20 Unrealized @ Report Date +38.0%

— BARRICK GOLD CORP 2.5%

Value $5.866M Shares 325,000 Share Price $18.05 Est. Cost/Share $17.00 Unrealized @ Report Date —

— VISTA OUTDOOR INC 2.1%

Value $4.878M Shares 121,000 Share Price $40.31 Est. Cost/Share $10.69 Unrealized @ Report Date —

SA SEABRIDGE GOLD INC 2.0%

Value $4.558M Shares 295,000 Share Price $15.45 * Est. Cost/Share $18.03 Unrealized @ Report Date -3.9%

BBCP CONCRETE PUMPING HLDGS INC 1.7%

Value $3.958M Shares 463,500 Share Price $8.54 * Est. Cost/Share $4.12 Unrealized @ Report Date +80.5%

— CINER RESOURCES LP 1.1%

Value $2.592M Shares 163,000 Share Price $15.90 Est. Cost/Share $23.55 Unrealized @ Report Date —

ARLP ALLIANCE RESOURCE PARTNERS L 1.1%

Value $2.495M Shares 229,500 Share Price $10.87 Est. Cost/Share $13.93 Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TR 1.0%

Value $2.415M Shares 175,000 Share Price $13.80 Est. Cost/Share $14.33 Unrealized @ Report Date —

MLM MARTIN MARIETTA MATLS INC 0.7%

Value $1.708M Shares 5,000 Share Price $341.60 * Est. Cost/Share $207.40 Unrealized @ Report Date +70.6%

VSAT VIASAT INC 0.6%

Value $1.46M Shares 26,500 Share Price $55.09 * Est. Cost/Share $59.40 Unrealized @ Report Date -14.0%

CCJ CAMECO CORP 0.6%

Value $1.412M Shares 65,000 Share Price $21.72 * Est. Cost/Share $9.83 Unrealized @ Report Date +90.0%

— VIDLER WATER RESOUCES INC 0.6%

Value $1.286M Shares 113,000 Share Price $11.38 Est. Cost/Share $11.38 Unrealized @ Report Date —

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.5%

Value $1.222M Shares 70,000 Share Price $17.46 Est. Cost/Share $18.81 Unrealized @ Report Date —

— OSISKO GOLD ROYALTIES LTD 0.4%

Value $1.011M Shares 90,000 Share Price $11.23 Est. Cost/Share $11.02 Unrealized @ Report Date —

SGOL ABERDEEN STD GOLD ETF TR 0.4%

Value $927K Shares 55,000 Share Price $16.85 Est. Cost/Share $17.42 Unrealized @ Report Date —

CALM CAL MAINE FOODS INC 0.4%

Value $904K Shares 25,000 Share Price $36.16 * Est. Cost/Share $27.71 Unrealized @ Report Date 0.0%

— SANDSTORM GOLD LTD 0.4%

Value $893K Shares 155,000 Share Price $5.76 Est. Cost/Share $6.82 Unrealized @ Report Date —

EMX EMX RTY CORP 0.3%

Value $599K Shares 234,100 Share Price $2.56 Est. Cost/Share $2.96 Unrealized @ Report Date —

AM ANTERO MIDSTREAM CORP 0.1%

Value $292K Shares 28,000 Share Price $10.43 * Est. Cost/Share $5.13 Unrealized @ Report Date +37.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	50,000	$79.39M	34.4%	$1587.84	—	—	Put	78462F103
AR	ANTERO RESOURCES CORP	758,250	$14.26M	6.2%	$18.81 *	$15.87	-8.0%	COM	03674X106
VSAT	VIASAT INC	251,500	$13.85M	6.0%	$55.07 *	$59.40	-14.0%	COM	92552V100
EOG	EOG RES INC	165,000	$13.24M	5.7%	$80.27 *	$35.99	+63.4%	COM	26875P101
ALGT	ALLEGIANT TRAVEL CO	63,500	$12.41M	5.4%	$195.48 *	$141.42	+31.1%	COM	01748X102
PDS	PRECISION DRILLING CORP	304,750	$12.31M	5.3%	$40.41 *	$16.66	+106.8%	COM NEW	74022D407
—	CONSOL ENERGY INC NEW	459,000	$11.94M	5.2%	$26.02	$24.28	—	COM	20854L108
NOV	NOV INC	850,000	$11.14M	4.8%	$13.11 *	$14.54	-7.2%	COM	62955J103
TPL	TEXAS PACIFIC LAND CORPORATI	8,500	$10.28M	4.5%	$1209.41 *	$117.17	+25.4%	COM	88262P102
NXE	NEXGEN ENERGY LTD	1,550,000	$7.332M	3.2%	$4.73 *	$2.34	+88.5%	COM	65340P106
NEM	NEWMONT CORP	115,000	$6.245M	2.7%	$54.30 *	$37.20	+38.0%	COM	651639106
—	BARRICK GOLD CORP	325,000	$5.866M	2.5%	$18.05	$17.00	—	COM	067901108
—	VISTA OUTDOOR INC	121,000	$4.878M	2.1%	$40.31	$10.69	—	COM	928377100
SA	SEABRIDGE GOLD INC	295,000	$4.558M	2.0%	$15.45 *	$18.03	-3.9%	COM	811916105
BBCP	CONCRETE PUMPING HLDGS INC	463,500	$3.958M	1.7%	$8.54 *	$4.12	+80.5%	COM	206704108
—	CINER RESOURCES LP	163,000	$2.592M	1.1%	$15.90	$23.55	—	COM UNIT LTD	172464109
ARLP	ALLIANCE RESOURCE PARTNERS L	229,500	$2.495M	1.1%	$10.87	$13.93	—	UT LTD PART	01877R108
PHYS	SPROTT PHYSICAL GOLD TR	175,000	$2.415M	1.0%	$13.80	$14.33	—	UNIT	85207H104
MLM	MARTIN MARIETTA MATLS INC	5,000	$1.708M	0.7%	$341.60 *	$207.40	+70.6%	COM	573284106
VSAT	VIASAT INC	26,500	$1.46M	0.6%	$55.09 *	$59.40	-14.0%	Call	92552V100
CCJ	CAMECO CORP	65,000	$1.412M	0.6%	$21.72 *	$9.83	+90.0%	COM	13321L108
—	VIDLER WATER RESOUCES INC	113,000	$1.286M	0.6%	$11.38	$11.38	—	COM	92660E107
AAAU	GOLDMAN SACHS PHYSICAL GOLD	70,000	$1.222M	0.5%	$17.46	$18.81	—	UNIT	38150K103
—	OSISKO GOLD ROYALTIES LTD	90,000	$1.011M	0.4%	$11.23	$11.02	—	COM	68827L101
SGOL	ABERDEEN STD GOLD ETF TR	55,000	$927K	0.4%	$16.85	$17.42	—	PHYSCL GOLD SHS	00326A104
CALM	CAL MAINE FOODS INC	25,000	$904K	0.4%	$36.16 *	$27.71	0.0%	COM NEW	128030202
—	SANDSTORM GOLD LTD	155,000	$893K	0.4%	$5.76	$6.82	—	COM NEW	80013R206
EMX	EMX RTY CORP	234,100	$599K	0.3%	$2.56	$2.96	—	COM	26873J107
AM	ANTERO MIDSTREAM CORP	28,000	$292K	0.1%	$10.43 *	$5.13	+37.9%	COM	03676B102