Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value: $166M (100.0% shares, 0.0% debt)

Holdings (27)

PDS PRECISION DRILLING CORP 11.0%

Value $18.2M Shares 246,250 Share Price $73.92 * Est. Cost/Share $16.66 Unrealized @ Report Date +218.2%

NOV NOV INC 9.9%

Value $16.37M Shares 835,000 Share Price $19.61 * Est. Cost/Share $14.57 Unrealized @ Report Date +20.1%

ALGT ALLEGIANT TRAVEL CO 7.7%

Value $12.83M Shares 79,000 Share Price $162.39 Est. Cost/Share $146.90 Unrealized @ Report Date +10.9%

SGOL ABRDN GOLD ETF TRUST 7.7%

Value $12.73M Shares 685,000 Share Price $18.58 Est. Cost/Share $18.05 Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 6.8%

Value $11.34M Shares 371,500 Share Price $30.53 * Est. Cost/Share $15.87 Unrealized @ Report Date +41.5%

TPL TEXAS PACIFIC LAND CORPORATI 6.8%

Value $11.22M Shares 8,300 Share Price $1352.17 * Est. Cost/Share $117.17 Unrealized @ Report Date +6.8%

EOG EOG RES INC 5.5%

Value $9.181M Shares 77,000 Share Price $119.23 * Est. Cost/Share $35.99 Unrealized @ Report Date +159.7%

NXE NEXGEN ENERGY LTD 5.5%

Value $9.084M Shares 1,605,000 Share Price $5.66 * Est. Cost/Share $2.43 Unrealized @ Report Date +97.7%

— CONSOL ENERGY INC NEW 4.5%

Value $7.451M Shares 198,000 Share Price $37.63 Est. Cost/Share $24.28 Unrealized @ Report Date —

— BARRICK GOLD CORP 4.4%

Value $7.359M Shares 300,000 Share Price $24.53 Est. Cost/Share $17.00 Unrealized @ Report Date —

EQT EQT CORP 4.4%

Value $7.312M Shares 212,500 Share Price $34.41 * Est. Cost/Share $22.00 Unrealized @ Report Date +4.5%

VSAT VIASAT INC 4.2%

Value $6.93M Shares 142,000 Share Price $48.80 * Est. Cost/Share $59.02 Unrealized @ Report Date -22.0%

— VIDLER WATER RESOUCES INC 3.5%

Value $5.836M Shares 378,000 Share Price $15.44 Est. Cost/Share $12.61 Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 3.4%

Value $5.645M Shares 12,500 Share Price $451.60 Est. Cost/Share — Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TR 3.2%

Value $5.38M Shares 350,000 Share Price $15.37 Est. Cost/Share $14.78 Unrealized @ Report Date —

SA SEABRIDGE GOLD INC 2.9%

Value $4.866M Shares 263,000 Share Price $18.50 * Est. Cost/Share $18.00 Unrealized @ Report Date -5.4%

NEM NEWMONT CORP 2.2%

Value $3.615M Shares 45,500 Share Price $79.45 * Est. Cost/Share $37.20 Unrealized @ Report Date +61.4%

BBCP CONCRETE PUMPING HLDGS INC 1.8%

Value $2.915M Shares 435,000 Share Price $6.70 Est. Cost/Share $4.12 Unrealized @ Report Date +64.9%

CCJ CAMECO CORP 1.3%

Value $2.171M Shares 74,600 Share Price $29.10 * Est. Cost/Share $23.23 Unrealized @ Report Date 0.0%

VSAT VIASAT INC 0.8%

Value $1.293M Shares 26,500 Share Price $48.79 * Est. Cost/Share $59.02 Unrealized @ Report Date -22.0%

SV SPRING VY ACQUISITION CORP 0.6%

Value $1.047M Shares 100,000 Share Price $10.47 Est. Cost/Share $10.47 Unrealized @ Report Date —

EQT EQT CORP 0.5%

Value $860K Shares 25,000 Share Price $34.40 * Est. Cost/Share $22.00 Unrealized @ Report Date +4.5%

DNN DENISON MINES CORP 0.5%

Value $800K Shares 500,000 Share Price $1.60 * Est. Cost/Share $1.53 Unrealized @ Report Date -7.5%

PFE PFIZER INC 0.3%

Value $518K Shares 10,000 Share Price $51.80 Est. Cost/Share — Unrealized @ Report Date —

— EXCHANGE TRADED CONCEPTS TR 0.3%

Value $416K Shares 5,000 Share Price $83.20 Est. Cost/Share $83.20 Unrealized @ Report Date —

— SPRING VY ACQUISITION CORP 0.2%

Value $349K Shares 30,000 Share Price $11.63 Est. Cost/Share $11.63 Unrealized @ Report Date —

— SPRING VY ACQUISITION CORP 0.0%

Value $20,000 Shares 10,400 Share Price $1.92 Est. Cost/Share $1.92 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PDS	PRECISION DRILLING CORP	246,250	$18.2M	11.0%	$73.92 *	$16.66	+218.2%	COM NEW	74022D407
NOV	NOV INC	835,000	$16.37M	9.9%	$19.61 *	$14.57	+20.1%	COM	62955J103
ALGT	ALLEGIANT TRAVEL CO	79,000	$12.83M	7.7%	$162.39	$146.90	+10.9%	COM	01748X102
SGOL	ABRDN GOLD ETF TRUST	685,000	$12.73M	7.7%	$18.58	$18.05	—	PHYSCL GOLD SHS	00326A104
AR	ANTERO RESOURCES CORP	371,500	$11.34M	6.8%	$30.53 *	$15.87	+41.5%	COM	03674X106
TPL	TEXAS PACIFIC LAND CORPORATI	8,300	$11.22M	6.8%	$1352.17 *	$117.17	+6.8%	COM	88262P102
EOG	EOG RES INC	77,000	$9.181M	5.5%	$119.23 *	$35.99	+159.7%	COM	26875P101
NXE	NEXGEN ENERGY LTD	1,605,000	$9.084M	5.5%	$5.66 *	$2.43	+97.7%	COM	65340P106
—	CONSOL ENERGY INC NEW	198,000	$7.451M	4.5%	$37.63	$24.28	—	COM	20854L108
—	BARRICK GOLD CORP	300,000	$7.359M	4.4%	$24.53	$17.00	—	COM	067901108
EQT	EQT CORP	212,500	$7.312M	4.4%	$34.41 *	$22.00	+4.5%	COM	26884L109
VSAT	VIASAT INC	142,000	$6.93M	4.2%	$48.80 *	$59.02	-22.0%	COM	92552V100
—	VIDLER WATER RESOUCES INC	378,000	$5.836M	3.5%	$15.44	$12.61	—	COM	92660E107
SPY	SPDR S&P 500 ETF TR	12,500	$5.645M	3.4%	$451.60	—	—	Put	78462F103
PHYS	SPROTT PHYSICAL GOLD TR	350,000	$5.38M	3.2%	$15.37	$14.78	—	UNIT	85207H104
SA	SEABRIDGE GOLD INC	263,000	$4.866M	2.9%	$18.50 *	$18.00	-5.4%	COM	811916105
NEM	NEWMONT CORP	45,500	$3.615M	2.2%	$79.45 *	$37.20	+61.4%	COM	651639106
BBCP	CONCRETE PUMPING HLDGS INC	435,000	$2.915M	1.8%	$6.70	$4.12	+64.9%	COM	206704108
CCJ	CAMECO CORP	74,600	$2.171M	1.3%	$29.10 *	$23.23	0.0%	COM	13321L108
VSAT	VIASAT INC	26,500	$1.293M	0.8%	$48.79 *	$59.02	-22.0%	Call	92552V100
SV	SPRING VY ACQUISITION CORP	100,000	$1.047M	0.6%	$10.47	$10.47	—	CL A	G8377A108
EQT	EQT CORP	25,000	$860K	0.5%	$34.40 *	$22.00	+4.5%	Call	26884L109
DNN	DENISON MINES CORP	500,000	$800K	0.5%	$1.60 *	$1.53	-7.5%	COM	248356107
PFE	PFIZER INC	10,000	$518K	0.3%	$51.80	—	—	Put	717081103
—	EXCHANGE TRADED CONCEPTS TR	5,000	$416K	0.3%	$83.20	$83.20	—	NORTH SHOR GBL	301505715
—	SPRING VY ACQUISITION CORP	30,000	$349K	0.2%	$11.63	$11.63	—	UNIT 11/11/2025	G8377A116
—	SPRING VY ACQUISITION CORP	10,400	$20,000	0.0%	$1.92	$1.92	—	*W EXP 05/20/202	G8377A124