Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value: $118M (100.0% shares, 0.0% debt)

Holdings (32)

NOV NOV INC 10.4%

Value $12.22M Shares 755,000 Share Price $16.18 * Est. Cost/Share $14.57 Unrealized @ Report Date +15.4%

PDS PRECISION DRILLING CORP 9.8%

Value $11.54M Shares 228,000 Share Price $50.63 * Est. Cost/Share $20.50 Unrealized @ Report Date +195.1%

SGOL ABRDN GOLD ETF TRUST 9.3%

Value $10.98M Shares 690,000 Share Price $15.92 Est. Cost/Share $17.94 Unrealized @ Report Date —

ALGT ALLEGIANT TRAVEL CO 7.0%

Value $8.247M Shares 113,000 Share Price $72.98 * Est. Cost/Share $134.76 Unrealized @ Report Date -25.9%

EQT EQT CORP 6.8%

Value $7.987M Shares 196,000 Share Price $40.75 Est. Cost/Share $22.30 Unrealized @ Report Date +84.8%

NXE NEXGEN ENERGY LTD 5.5%

Value $6.514M Shares 1,775,000 Share Price $3.67 * Est. Cost/Share $2.63 Unrealized @ Report Date +52.9%

EOG EOG RES INC 5.3%

Value $6.257M Shares 56,000 Share Price $111.73 * Est. Cost/Share $35.99 Unrealized @ Report Date +171.3%

TPL TEXAS PACIFIC LAND CORPORATI 5.3%

Value $6.22M Shares 3,500 Share Price $1777.14 * Est. Cost/Share $117.17 Unrealized @ Report Date +58.5%

AR ANTERO RESOURCES CORP 4.8%

Value $5.623M Shares 184,188 Share Price $30.53 * Est. Cost/Share $15.87 Unrealized @ Report Date +132.6%

— BARRICK GOLD CORP 4.4%

Value $5.115M Shares 330,000 Share Price $15.50 Est. Cost/Share $16.75 Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TR 4.3%

Value $5.056M Shares 395,000 Share Price $12.80 Est. Cost/Share $14.71 Unrealized @ Report Date —

SMR NUSCALE PWR CORP 3.4%

Value $4.002M Shares 342,600 Share Price $11.68 * Est. Cost/Share $10.11 Unrealized @ Report Date +29.9%

VSAT VIASAT INC 3.1%

Value $3.628M Shares 120,000 Share Price $30.23 * Est. Cost/Share $59.02 Unrealized @ Report Date -43.3%

SPY SPDR S&P 500 ETF TR 3.0%

Value $3.572M Shares 10,000 Share Price $357.20 Est. Cost/Share — Unrealized @ Report Date —

— BRIGHAM MINERALS INC 2.8%

Value $3.281M Shares 133,000 Share Price $24.67 Est. Cost/Share $24.67 Unrealized @ Report Date —

URNM SPROTT FDS TR 2.2%

Value $2.6M Shares 40,000 Share Price $65.00 Est. Cost/Share $58.70 Unrealized @ Report Date —

CCJ CAMECO CORP 1.9%

Value $2.214M Shares 83,500 Share Price $26.51 * Est. Cost/Share $23.42 Unrealized @ Report Date +8.2%

BBCP CONCRETE PUMPING HLDGS INC 1.9%

Value $2.187M Shares 339,000 Share Price $6.45 * Est. Cost/Share $4.12 Unrealized @ Report Date +44.2%

NEM NEWMONT CORP 1.8%

Value $2.165M Shares 51,500 Share Price $42.04 Est. Cost/Share $38.50 Unrealized @ Report Date +9.5%

SA SEABRIDGE GOLD INC 1.6%

Value $1.84M Shares 155,000 Share Price $11.87 * Est. Cost/Share $18.00 Unrealized @ Report Date -29.7%

WPM WHEATON PRECIOUS METALS CORP 1.0%

Value $1.133M Shares 35,000 Share Price $32.37 * Est. Cost/Share $31.71 Unrealized @ Report Date 0.0%

MAS MASCO CORP 0.9%

Value $1.027M Shares 22,000 Share Price $46.68 * Est. Cost/Share $48.85 Unrealized @ Report Date 0.0%

EQT EQT CORP 0.9%

Value $1.019M Shares 25,000 Share Price $40.76 Est. Cost/Share $22.30 Unrealized @ Report Date +84.8%

DNN DENISON MINES CORP 0.5%

Value $545K Shares 458,000 Share Price $1.19 Est. Cost/Share $1.53 Unrealized @ Report Date -22.4%

VSAT VIASAT INC 0.4%

Value $499K Shares 16,500 Share Price $30.24 * Est. Cost/Share $59.02 Unrealized @ Report Date -43.3%

PFE PFIZER INC 0.4%

Value $438K Shares 10,000 Share Price $43.80 Est. Cost/Share — Unrealized @ Report Date —

PAAS PAN AMERN SILVER CORP 0.4%

Value $413K Shares 26,000 Share Price $15.88 * Est. Cost/Share $17.42 Unrealized @ Report Date 0.0%

FCX FREEPORT-MCMORAN INC 0.3%

Value $342K Shares 12,500 Share Price $27.36 Est. Cost/Share $27.89 Unrealized @ Report Date 0.0%

— VISTA OUTDOOR INC 0.2%

Value $280K Shares 11,500 Share Price $24.35 Est. Cost/Share $24.35 Unrealized @ Report Date —

— ETF MANAGERS TR 0.2%

Value $251K Shares 27,500 Share Price $9.13 Est. Cost/Share $9.13 Unrealized @ Report Date —

— SITIO ROYALTIES CORP 0.2%

Value $221K Shares 10,000 Share Price $22.10 Est. Cost/Share $22.10 Unrealized @ Report Date —

— NUSCALE PWR CORP 0.1%

Value $104K Shares 50,000 Share Price $2.08 Est. Cost/Share $2.04 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NOV	NOV INC	755,000	$12.22M	10.4%	$16.18 *	$14.57	+15.4%	COM	62955J103
PDS	PRECISION DRILLING CORP	228,000	$11.54M	9.8%	$50.63 *	$20.50	+195.1%	COM NEW	74022D407
SGOL	ABRDN GOLD ETF TRUST	690,000	$10.98M	9.3%	$15.92	$17.94	—	PHYSCL GOLD SHS	00326A104
ALGT	ALLEGIANT TRAVEL CO	113,000	$8.247M	7.0%	$72.98 *	$134.76	-25.9%	COM	01748X102
EQT	EQT CORP	196,000	$7.987M	6.8%	$40.75	$22.30	+84.8%	COM	26884L109
NXE	NEXGEN ENERGY LTD	1,775,000	$6.514M	5.5%	$3.67 *	$2.63	+52.9%	COM	65340P106
EOG	EOG RES INC	56,000	$6.257M	5.3%	$111.73 *	$35.99	+171.3%	COM	26875P101
TPL	TEXAS PACIFIC LAND CORPORATI	3,500	$6.22M	5.3%	$1777.14 *	$117.17	+58.5%	COM	88262P102
AR	ANTERO RESOURCES CORP	184,188	$5.623M	4.8%	$30.53 *	$15.87	+132.6%	COM	03674X106
—	BARRICK GOLD CORP	330,000	$5.115M	4.4%	$15.50	$16.75	—	COM	067901108
PHYS	SPROTT PHYSICAL GOLD TR	395,000	$5.056M	4.3%	$12.80	$14.71	—	UNIT	85207H104
SMR	NUSCALE PWR CORP	342,600	$4.002M	3.4%	$11.68 *	$10.11	+29.9%	CL A COM	67079K100
VSAT	VIASAT INC	120,000	$3.628M	3.1%	$30.23 *	$59.02	-43.3%	COM	92552V100
SPY	SPDR S&P 500 ETF TR	10,000	$3.572M	3.0%	$357.20	—	—	Put	78462F103
—	BRIGHAM MINERALS INC	133,000	$3.281M	2.8%	$24.67	$24.67	—	CL A COM	10918L103
URNM	SPROTT FDS TR	40,000	$2.6M	2.2%	$65.00	$58.70	—	URANIUM MINERS E	85208P303
CCJ	CAMECO CORP	83,500	$2.214M	1.9%	$26.51 *	$23.42	+8.2%	COM	13321L108
BBCP	CONCRETE PUMPING HLDGS INC	339,000	$2.187M	1.9%	$6.45 *	$4.12	+44.2%	COM	206704108
NEM	NEWMONT CORP	51,500	$2.165M	1.8%	$42.04	$38.50	+9.5%	COM	651639106
SA	SEABRIDGE GOLD INC	155,000	$1.84M	1.6%	$11.87 *	$18.00	-29.7%	COM	811916105
WPM	WHEATON PRECIOUS METALS CORP	35,000	$1.133M	1.0%	$32.37 *	$31.71	0.0%	COM	962879102
MAS	MASCO CORP	22,000	$1.027M	0.9%	$46.68 *	$48.85	0.0%	COM	574599106
EQT	EQT CORP	25,000	$1.019M	0.9%	$40.76	$22.30	+84.8%	Call	26884L109
DNN	DENISON MINES CORP	458,000	$545K	0.5%	$1.19	$1.53	-22.4%	COM	248356107
VSAT	VIASAT INC	16,500	$499K	0.4%	$30.24 *	$59.02	-43.3%	Call	92552V100
PFE	PFIZER INC	10,000	$438K	0.4%	$43.80	—	—	Put	717081103
PAAS	PAN AMERN SILVER CORP	26,000	$413K	0.4%	$15.88 *	$17.42	0.0%	COM	697900108
FCX	FREEPORT-MCMORAN INC	12,500	$342K	0.3%	$27.36	$27.89	0.0%	CL B	35671D857
—	VISTA OUTDOOR INC	11,500	$280K	0.2%	$24.35	$24.35	—	COM	928377100
—	ETF MANAGERS TR	27,500	$251K	0.2%	$9.13	$9.13	—	PRIME JUNIR SLVR	26924G102
—	SITIO ROYALTIES CORP	10,000	$221K	0.2%	$22.10	$22.10	—	CLASS A COM	82982V101
—	NUSCALE PWR CORP	50,000	$104K	0.1%	$2.08	$2.04	—	*W EXP 05/02/202	67079K118