Mountain Lake Investment Management LLC Diversified Active

CIK: 0001308555 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

Total Value ($000): $131,627 (100.0% shares, 0.0% debt)

Holdings (31)

PDS PRECISION DRILLING CORP 9.8%

Value ($000) $12,874 Shares 167,850 Est. Cost $20.50 Unrealized +251.8%

SGOL ABRDN GOLD ETF TRUST 9.5%

Value ($000) $12,491 Shares 715,000 Est. Cost $17.92 Unrealized —

SPY SPDR S&P 500 ETF TR 8.7%

Value ($000) $11,473 Shares 30,000 Est. Cost — Unrealized —

NOV NOV INC 7.2%

Value ($000) $9,505 Shares 455,000 Est. Cost $14.57 Unrealized +44.0%

— SITIO ROYALTIES CORP 7.1%

Value ($000) $9,376 Shares 325,000 Est. Cost $28.85 Unrealized —

ALGT ALLEGIANT TRAVEL CO 6.1%

Value ($000) $8,057 Shares 118,500 Est. Cost $131.77 Unrealized -46.5%

NXE NEXGEN ENERGY LTD 5.8%

Value ($000) $7,642 Shares 1,725,000 Est. Cost $2.63 Unrealized +58.5%

EQT EQT CORP 5.1%

Value ($000) $6,766 Shares 200,000 Est. Cost $22.61 Unrealized +69.2%

NE NOBLE CORP PLC 5.0%

Value ($000) $6,599 Shares 175,000 Est. Cost $31.04 Unrealized 0.0%

— BARRICK GOLD CORP 4.4%

Value ($000) $5,755 Shares 335,000 Est. Cost $16.76 Unrealized —

AR ANTERO RESOURCES CORP 4.4%

Value ($000) $5,749 Shares 185,500 Est. Cost $15.87 Unrealized +117.6%

PHYS SPROTT PHYSICAL GOLD TR 4.1%

Value ($000) $5,386 Shares 382,000 Est. Cost $14.71 Unrealized —

EOG EOG RES INC 3.9%

Value ($000) $5,103 Shares 39,400 Est. Cost $35.99 Unrealized +227.4%

— VISTA OUTDOOR INC 3.4%

Value ($000) $4,508 Shares 185,000 Est. Cost $24.37 Unrealized —

VAL VALARIS LIMITED 2.4%

Value ($000) $3,127 Shares 46,250 Est. Cost $62.39 Unrealized 0.0%

NEM NEWMONT CORP 1.8%

Value ($000) $2,431 Shares 51,500 Est. Cost $38.50 Unrealized +6.0%

SMR NUSCALE PWR CORP 1.8%

Value ($000) $2,391 Shares 233,000 Est. Cost $10.11 Unrealized +9.5%

URNM SPROTT FDS TR 1.7%

Value ($000) $2,285 Shares 72,000 Est. Cost $46.72 Unrealized —

MAS MASCO CORP 1.5%

Value ($000) $1,913 Shares 41,000 Est. Cost $47.29 Unrealized -3.8%

WPM WHEATON PRECIOUS METALS CORP 1.2%

Value ($000) $1,544 Shares 39,500 Est. Cost $32.10 Unrealized +9.3%

BBCP CONCRETE PUMPING HLDGS INC 1.0%

Value ($000) $1,310 Shares 224,000 Est. Cost $4.12 Unrealized +42.7%

COST COSTCO WHSL CORP NEW 0.8%

Value ($000) $1,050 Shares 2,300 Est. Cost $468.77 Unrealized 0.0%

EQT EQT CORP 0.6%

Value ($000) $846 Shares 25,000 Est. Cost $22.61 Unrealized +69.2%

VSAT VIASAT INC 0.5%

Value ($000) $605 Shares 19,100 Est. Cost $59.02 Unrealized -40.7%

— MAVERIX METALS INC 0.4%

Value ($000) $538 Shares 115,000 Est. Cost $4.68 Unrealized —

DNN DENISON MINES CORP 0.4%

Value ($000) $527 Shares 458,000 Est. Cost $1.53 Unrealized -22.3%

TFPM TRIPLE FLAG PRECIOUS METAL 0.4%

Value ($000) $516 Shares 37,500 Est. Cost $12.24 Unrealized 0.0%

FCX FREEPORT-MCMORAN INC 0.4%

Value ($000) $475 Shares 12,500 Est. Cost $27.89 Unrealized +20.1%

— ETF MANAGERS TR 0.3%

Value ($000) $369 Shares 35,000 Est. Cost $9.43 Unrealized —

HEI/A HEICO CORP NEW 0.3%

Value ($000) $336 Shares 2,800 Est. Cost $121.50 Unrealized 0.0%

— NUSCALE PWR CORP 0.1%

Value ($000) $80 Shares 50,000 Est. Cost $2.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDS	PRECISION DRILLING CORP	167,850	$12,874	9.8%	$20.50	+251.8%	COM NEW	74022D407
SGOL	ABRDN GOLD ETF TRUST	715,000	$12,491	9.5%	$17.92	—	PHYSCL GOLD SHS	00326A104
SPY	SPDR S&P 500 ETF TR	30,000	$11,473	8.7%	—	—	Put	78462F103
NOV	NOV INC	455,000	$9,505	7.2%	$14.57	+44.0%	COM	62955J103
—	SITIO ROYALTIES CORP	325,000	$9,376	7.1%	$28.85	—	CLASS A COM	82983N108
ALGT	ALLEGIANT TRAVEL CO	118,500	$8,057	6.1%	$131.77	-46.5%	COM	01748X102
NXE	NEXGEN ENERGY LTD	1,725,000	$7,642	5.8%	$2.63	+58.5%	COM	65340P106
EQT	EQT CORP	200,000	$6,766	5.1%	$22.61	+69.2%	COM	26884L109
NE	NOBLE CORP PLC	175,000	$6,599	5.0%	$31.04	0.0%	ORD SHS A	G65431127
—	BARRICK GOLD CORP	335,000	$5,755	4.4%	$16.76	—	COM	067901108
AR	ANTERO RESOURCES CORP	185,500	$5,749	4.4%	$15.87	+117.6%	COM	03674X106
PHYS	SPROTT PHYSICAL GOLD TR	382,000	$5,386	4.1%	$14.71	—	UNIT	85207H104
EOG	EOG RES INC	39,400	$5,103	3.9%	$35.99	+227.4%	COM	26875P101
—	VISTA OUTDOOR INC	185,000	$4,508	3.4%	$24.37	—	COM	928377100
VAL	VALARIS LIMITED	46,250	$3,127	2.4%	$62.39	0.0%	CL A	G9460G101
NEM	NEWMONT CORP	51,500	$2,431	1.8%	$38.50	+6.0%	COM	651639106
SMR	NUSCALE PWR CORP	233,000	$2,391	1.8%	$10.11	+9.5%	CL A COM	67079K100
URNM	SPROTT FDS TR	72,000	$2,285	1.7%	$46.72	—	URANIUM MINERS E	85208P303
MAS	MASCO CORP	41,000	$1,913	1.5%	$47.29	-3.8%	COM	574599106
WPM	WHEATON PRECIOUS METALS CORP	39,500	$1,544	1.2%	$32.10	+9.3%	COM	962879102
BBCP	CONCRETE PUMPING HLDGS INC	224,000	$1,310	1.0%	$4.12	+42.7%	COM	206704108
COST	COSTCO WHSL CORP NEW	2,300	$1,050	0.8%	$468.77	0.0%	COM	22160K105
EQT	EQT CORP	25,000	$846	0.6%	$22.61	+69.2%	Call	26884L109
VSAT	VIASAT INC	19,100	$605	0.5%	$59.02	-40.7%	COM	92552V100
—	MAVERIX METALS INC	115,000	$538	0.4%	$4.68	—	COM NEW	57776F405
DNN	DENISON MINES CORP	458,000	$527	0.4%	$1.53	-22.3%	COM	248356107
TFPM	TRIPLE FLAG PRECIOUS METAL	37,500	$516	0.4%	$12.24	0.0%	COM	89679M104
FCX	FREEPORT-MCMORAN INC	12,500	$475	0.4%	$27.89	+20.1%	CL B	35671D857
—	ETF MANAGERS TR	35,000	$369	0.3%	$9.43	—	PRIME JUNIR SLVR	26924G102
HEI/A	HEICO CORP NEW	2,800	$336	0.3%	$121.50	0.0%	CL A	422806208
—	NUSCALE PWR CORP	50,000	$80	0.1%	$2.04	—	*W EXP 05/02/202	67079K118