Mountain Lake Investment Management LLC Diversified Active

CIK: 0001308555 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value ($000): $160,070 (100.0% shares, 0.0% debt)

Holdings (16)

QQQ INVESCO QQQ TR 19.6%

Value ($000) $31,401 Shares 85,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 12.5%

Value ($000) $19,948 Shares 45,000 Est. Cost — Unrealized —

ALGT ALLEGIANT TRAVEL CO 9.0%

Value ($000) $14,459 Shares 114,500 Est. Cost $131.77 Unrealized -23.3%

SGOL ABRDN GOLD ETF TRUST 7.8%

Value ($000) $12,547 Shares 683,000 Est. Cost $17.92 Unrealized —

— SITIO ROYALTIES CORP 7.4%

Value ($000) $11,769 Shares 448,000 Est. Cost $27.29 Unrealized —

SDRL SEADRILL 2021 LTD 5.5%

Value ($000) $8,741 Shares 211,800 Est. Cost $38.78 Unrealized -4.2%

PDS PRECISION DRILLING CORP 5.3%

Value ($000) $8,507 Shares 174,500 Est. Cost $23.03 Unrealized +107.3%

NE NOBLE CORP PLC 5.3%

Value ($000) $8,489 Shares 205,500 Est. Cost $31.50 Unrealized +6.7%

— VISTA OUTDOOR INC 5.2%

Value ($000) $8,301 Shares 300,000 Est. Cost $25.64 Unrealized —

EQT EQT CORP 5.1%

Value ($000) $8,144 Shares 198,000 Est. Cost $23.51 Unrealized +44.7%

NXE NEXGEN ENERGY LTD 4.8%

Value ($000) $7,691 Shares 1,633,000 Est. Cost $2.63 Unrealized +54.3%

AR ANTERO RESOURCES CORP 4.4%

Value ($000) $7,036 Shares 305,500 Est. Cost $18.97 Unrealized +17.1%

PHYS SPROTT PHYSICAL GOLD TR 3.4%

Value ($000) $5,371 Shares 360,000 Est. Cost $14.71 Unrealized —

TFPM TRIPLE FLAG PRECIOUS METAL 2.8%

Value ($000) $4,547 Shares 330,000 Est. Cost $13.48 Unrealized +11.6%

URNJ SPROTT FDS TR 1.2%

Value ($000) $1,854 Shares 108,000 Est. Cost $17.17 Unrealized —

COST COSTCO WHSL CORP NEW 0.8%

Value ($000) $1,265 Shares 2,350 Est. Cost $468.97 Unrealized +3.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	85,000	$31,401	19.6%	—	—	Put	46090E103
SPY	SPDR S&P 500 ETF TR	45,000	$19,948	12.5%	—	—	Put	78462F103
ALGT	ALLEGIANT TRAVEL CO	114,500	$14,459	9.0%	$131.77	-23.3%	COM	01748X102
SGOL	ABRDN GOLD ETF TRUST	683,000	$12,547	7.8%	$17.92	—	PHYSCL GOLD SHS	00326A104
—	SITIO ROYALTIES CORP	448,000	$11,769	7.4%	$27.29	—	CLASS A COM	82983N108
SDRL	SEADRILL 2021 LTD	211,800	$8,741	5.5%	$38.78	-4.2%	COM	G7997W102
PDS	PRECISION DRILLING CORP	174,500	$8,507	5.3%	$23.03	+107.3%	COM NEW	74022D407
NE	NOBLE CORP PLC	205,500	$8,489	5.3%	$31.50	+6.7%	ORD SHS A	G65431127
—	VISTA OUTDOOR INC	300,000	$8,301	5.2%	$25.64	—	COM	928377100
EQT	EQT CORP	198,000	$8,144	5.1%	$23.51	+44.7%	COM	26884L109
NXE	NEXGEN ENERGY LTD	1,633,000	$7,691	4.8%	$2.63	+54.3%	COM	65340P106
AR	ANTERO RESOURCES CORP	305,500	$7,036	4.4%	$18.97	+17.1%	COM	03674X106
PHYS	SPROTT PHYSICAL GOLD TR	360,000	$5,371	3.4%	$14.71	—	UNIT	85207H104
TFPM	TRIPLE FLAG PRECIOUS METAL	330,000	$4,547	2.8%	$13.48	+11.6%	COM	89679M104
URNJ	SPROTT FDS TR	108,000	$1,854	1.2%	$17.17	—	JUNIOR URANIUM	85208P808
COST	COSTCO WHSL CORP NEW	2,350	$1,265	0.8%	$468.97	+3.9%	COM	22160K105