Mountain Lake Investment Management LLC Diversified Active

CIK: 0001308555 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value ($000): $124,605 (100.0% shares, 0.0% debt)

Holdings (16)

QQQ INVESCO QQQ TR 10.1%

Value ($000) $12,539 Shares 35,000 Est. Cost — Unrealized —

SGOL ABRDN GOLD ETF TRUST 9.6%

Value ($000) $11,941 Shares 675,000 Est. Cost $17.92 Unrealized —

— VISTA OUTDOOR INC 8.2%

Value ($000) $10,267 Shares 310,000 Est. Cost $25.88 Unrealized —

— SITIO ROYALTIES CORP 8.1%

Value ($000) $10,116 Shares 417,843 Est. Cost $27.29 Unrealized —

NE NOBLE CORP PLC 7.7%

Value ($000) $9,650 Shares 190,529 Est. Cost $31.50 Unrealized +41.7%

PDS PRECISION DRILLING CORP 7.5%

Value ($000) $9,383 Shares 139,800 Est. Cost $23.03 Unrealized +176.1%

NXE NEXGEN ENERGY LTD 7.4%

Value ($000) $9,265 Shares 1,552,000 Est. Cost $2.63 Unrealized +96.7%

ALGT ALLEGIANT TRAVEL CO 7.4%

Value ($000) $9,223 Shares 120,000 Est. Cost $130.30 Unrealized -23.6%

SDRL SEADRILL 2021 LTD 7.1%

Value ($000) $8,865 Shares 197,931 Est. Cost $38.78 Unrealized +20.0%

AR ANTERO RESOURCES CORP 5.6%

Value ($000) $7,030 Shares 277,000 Est. Cost $18.97 Unrealized +36.0%

EQT EQT CORP 5.6%

Value ($000) $7,000 Shares 172,500 Est. Cost $23.51 Unrealized +70.0%

SPY SPDR S&P 500 ETF TR 5.1%

Value ($000) $6,412 Shares 15,000 Est. Cost — Unrealized —

PHYS SPROTT PHYSICAL GOLD TR 4.0%

Value ($000) $5,012 Shares 350,000 Est. Cost $14.71 Unrealized —

TFPM TRIPLE FLAG PRECIOUS METAL 3.3%

Value ($000) $4,068 Shares 311,260 Est. Cost $13.48 Unrealized -0.6%

URNJ SPROTT FDS TR 2.1%

Value ($000) $2,579 Shares 109,000 Est. Cost $17.17 Unrealized —

COST COSTCO WHSL CORP NEW 1.0%

Value ($000) $1,252 Shares 2,216 Est. Cost $468.97 Unrealized +13.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	35,000	$12,539	10.1%	—	—	Put	46090E103
SGOL	ABRDN GOLD ETF TRUST	675,000	$11,941	9.6%	$17.92	—	PHYSCL GOLD SHS	00326A104
—	VISTA OUTDOOR INC	310,000	$10,267	8.2%	$25.88	—	COM	928377100
—	SITIO ROYALTIES CORP	417,843	$10,116	8.1%	$27.29	—	CLASS A COM	82983N108
NE	NOBLE CORP PLC	190,529	$9,650	7.7%	$31.50	+41.7%	ORD SHS A	G65431127
PDS	PRECISION DRILLING CORP	139,800	$9,383	7.5%	$23.03	+176.1%	COM NEW	74022D407
NXE	NEXGEN ENERGY LTD	1,552,000	$9,265	7.4%	$2.63	+96.7%	COM	65340P106
ALGT	ALLEGIANT TRAVEL CO	120,000	$9,223	7.4%	$130.30	-23.6%	COM	01748X102
SDRL	SEADRILL 2021 LTD	197,931	$8,865	7.1%	$38.78	+20.0%	COM	G7997W102
AR	ANTERO RESOURCES CORP	277,000	$7,030	5.6%	$18.97	+36.0%	COM	03674X106
EQT	EQT CORP	172,500	$7,000	5.6%	$23.51	+70.0%	COM	26884L109
SPY	SPDR S&P 500 ETF TR	15,000	$6,412	5.1%	—	—	Put	78462F103
PHYS	SPROTT PHYSICAL GOLD TR	350,000	$5,012	4.0%	$14.71	—	UNIT	85207H104
TFPM	TRIPLE FLAG PRECIOUS METAL	311,260	$4,068	3.3%	$13.48	-0.6%	COM	89679M104
URNJ	SPROTT FDS TR	109,000	$2,579	2.1%	$17.17	—	JUNIOR URANIUM	85208P808
COST	COSTCO WHSL CORP NEW	2,216	$1,252	1.0%	$468.97	+13.5%	COM	22160K105