Mountain Lake Investment Management LLC Diversified Active

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 15, 2026

Total Value: $155M (100.0% shares, 0.0% debt)

Holdings (29)

PHYS SPROTT ASSET MANAGEMENT LP 10.3%

Value $15.96M Shares 450,344 Share Price $35.44 Est. Cost/Share $17.29 Unrealized @ Report Date —

SGOL ETFS GOLD TR 9.4%

Value $14.5M Shares 324,918 Share Price $44.62 Est. Cost/Share $19.83 Unrealized @ Report Date —

ALSN ALLISON TRANSMISSION HLDGS I 8.5%

Value $13.09M Shares 111,803 Share Price $117.06 * Est. Cost/Share $89.50 Unrealized @ Report Date +24.3%

VNOM VIPER ENERGY INC 7.8%

Value $12.04M Shares 256,139 Share Price $46.99 * Est. Cost/Share $38.15 Unrealized @ Report Date +7.4%

AN AUTONATION INC 7.1%

Value $11.02M Shares 56,445 Share Price $195.26 * Est. Cost/Share $174.81 Unrealized @ Report Date +19.8%

NE NOBLE CORP PLC 6.6%

Value $10.2M Shares 207,795 Share Price $49.07 * Est. Cost/Share $30.26 Unrealized @ Report Date +22.8%

RRC RANGE RES CORP 6.3%

Value $9.692M Shares 214,515 Share Price $45.18 * Est. Cost/Share $36.16 Unrealized @ Report Date 0.0%

NRP NATURAL RESOURCE PARTNERS LP 6.0%

Value $9.277M Shares 76,673 Share Price $121.00 Est. Cost/Share $105.95 Unrealized @ Report Date —

DHI D R HORTON INC 5.8%

Value $9M Shares 65,590 Share Price $137.22 * Est. Cost/Share $125.26 Unrealized @ Report Date +24.5%

BLDR BUILDERS FIRSTSOURCE INC 5.6%

Value $8.615M Shares 104,641 Share Price $82.33 * Est. Cost/Share $135.38 Unrealized @ Report Date -13.2%

MOH MOLINA HEALTHCARE INC 4.4%

Value $6.747M Shares 50,618 Share Price $133.30 * Est. Cost/Share $168.64 Unrealized @ Report Date 0.0%

AGM FEDERAL AGRIC MTG CORP 4.1%

Value $6.356M Shares 42,844 Share Price $148.35 * Est. Cost/Share $171.56 Unrealized @ Report Date 0.0%

HP HELMERICH & PAYNE INC 2.8%

Value $4.259M Shares 118,197 Share Price $36.03 * Est. Cost/Share $18.44 Unrealized @ Report Date +80.5%

AR ANTERO RESOURCES CORP 2.7%

Value $4.21M Shares 99,192 Share Price $42.44 * Est. Cost/Share $22.77 Unrealized @ Report Date +48.4%

TFPM TRIPLE FLAG PRECIOUS METAL 2.0%

Value $3.131M Shares 90,203 Share Price $34.71 * Est. Cost/Share $22.28 Unrealized @ Report Date +63.3%

SDRL SEADRILL LTD 1.5%

Value $2.357M Shares 51,812 Share Price $45.50 * Est. Cost/Share $34.80 Unrealized @ Report Date +12.0%

OPLN OPENLANE INC 1.5%

Value $2.319M Shares 79,537 Share Price $29.15 Est. Cost/Share $22.13 Unrealized @ Report Date +33.3%

PAA PLAINS ALL AMERN PIPELINE L 1.2%

Value $1.926M Shares 86,237 Share Price $22.33 Est. Cost/Share $18.32 Unrealized @ Report Date —

ET ENERGY TRANSFER L P 1.2%

Value $1.916M Shares 99,285 Share Price $19.30 Est. Cost/Share $18.30 Unrealized @ Report Date —

PSLV SPROTT ASSET MANAGEMENT LP 1.1%

Value $1.631M Shares 66,874 Share Price $24.39 Est. Cost/Share $13.37 Unrealized @ Report Date —

CALM CAL MAINE FOODS INC 0.9%

Value $1.386M Shares 17,505 Share Price $79.15 Est. Cost/Share $80.65 Unrealized @ Report Date 0.0%

CMP COMPASS MINERALS INTL INC 0.8%

Value $1.299M Shares 55,636 Share Price $23.35 Est. Cost/Share $21.43 Unrealized @ Report Date +10.3%

DVA DAVITA INC 0.7%

Value $1.099M Shares 7,153 Share Price $153.69 * Est. Cost/Share $121.60 Unrealized @ Report Date +3.2%

SILJ AMPLIFY ETF TR 0.6%

Value $899K Shares 30,250 Share Price $29.72 Est. Cost/Share $29.72 Unrealized @ Report Date —

VAL VALARIS LTD 0.5%

Value $811K Shares 8,270 Share Price $98.04 * Est. Cost/Share $41.16 Unrealized @ Report Date +64.4%

AGI ALAMOS GOLD INC 0.2%

Value $355K Shares 8,000 Share Price $44.43 * Est. Cost/Share $42.54 Unrealized @ Report Date 0.0%

SLB SLB LIMITED 0.2%

Value $279K Shares 5,425 Share Price $51.39 * Est. Cost/Share $48.30 Unrealized @ Report Date 0.0%

WS WORTHINGTON STL INC 0.1%

Value $228K Shares 7,500 Share Price $30.35 * Est. Cost/Share $41.46 Unrealized @ Report Date 0.0%

GOOGL ALPHABET INC 0.1%

Value $216K Shares 750 Share Price $287.56 * Est. Cost/Share $323.29 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PHYS	SPROTT ASSET MANAGEMENT LP	450,344	$15.96M	10.3%	$35.44	$17.29	—	PHYSICAL GOLD TR	85207H104
SGOL	ETFS GOLD TR	324,918	$14.5M	9.4%	$44.62	$19.83	—	PHYSCL GOLD SHS	00326A104
ALSN	ALLISON TRANSMISSION HLDGS I	111,803	$13.09M	8.5%	$117.06 *	$89.50	+24.3%	COM	01973R101
VNOM	VIPER ENERGY INC	256,139	$12.04M	7.8%	$46.99 *	$38.15	+7.4%	CL A	64361Q101
AN	AUTONATION INC	56,445	$11.02M	7.1%	$195.26 *	$174.81	+19.8%	COM	05329W102
NE	NOBLE CORP PLC	207,795	$10.2M	6.6%	$49.07 *	$30.26	+22.8%	ORD SHS A	G65431127
RRC	RANGE RES CORP	214,515	$9.692M	6.3%	$45.18 *	$36.16	0.0%	COM	75281A109
NRP	NATURAL RESOURCE PARTNERS LP	76,673	$9.277M	6.0%	$121.00	$105.95	—	COM UNIT LTD PAR	63900P608
DHI	D R HORTON INC	65,590	$9M	5.8%	$137.22 *	$125.26	+24.5%	COM	23331A109
BLDR	BUILDERS FIRSTSOURCE INC	104,641	$8.615M	5.6%	$82.33 *	$135.38	-13.2%	COM	12008R107
MOH	MOLINA HEALTHCARE INC	50,618	$6.747M	4.4%	$133.30 *	$168.64	0.0%	COM	60855R100
AGM	FEDERAL AGRIC MTG CORP	42,844	$6.356M	4.1%	$148.35 *	$171.56	0.0%	CL C	313148306
HP	HELMERICH & PAYNE INC	118,197	$4.259M	2.8%	$36.03 *	$18.44	+80.5%	COM	423452101
AR	ANTERO RESOURCES CORP	99,192	$4.21M	2.7%	$42.44 *	$22.77	+48.4%	COM	03674X106
TFPM	TRIPLE FLAG PRECIOUS METAL	90,203	$3.131M	2.0%	$34.71 *	$22.28	+63.3%	COM	89679M104
SDRL	SEADRILL LTD	51,812	$2.357M	1.5%	$45.50 *	$34.80	+12.0%	COM	G7997W102
OPLN	OPENLANE INC	79,537	$2.319M	1.5%	$29.15	$22.13	+33.3%	COM	48238T109
PAA	PLAINS ALL AMERN PIPELINE L	86,237	$1.926M	1.2%	$22.33	$18.32	—	UNIT LTD PARTN	726503105
ET	ENERGY TRANSFER L P	99,285	$1.916M	1.2%	$19.30	$18.30	—	COM UT LTD PTN	29273V100
PSLV	SPROTT ASSET MANAGEMENT LP	66,874	$1.631M	1.1%	$24.39	$13.37	—	PHYSICAL SILVER	85207K107
CALM	CAL MAINE FOODS INC	17,505	$1.386M	0.9%	$79.15	$80.65	0.0%	COM NEW	128030202
CMP	COMPASS MINERALS INTL INC	55,636	$1.299M	0.8%	$23.35	$21.43	+10.3%	COM	20451N101
DVA	DAVITA INC	7,153	$1.099M	0.7%	$153.69 *	$121.60	+3.2%	COM	23918K108
SILJ	AMPLIFY ETF TR	30,250	$899K	0.6%	$29.72	$29.72	—	AMPLIFY JUNIOR S	032108649
VAL	VALARIS LTD	8,270	$811K	0.5%	$98.04 *	$41.16	+64.4%	CL A	G9460G101
AGI	ALAMOS GOLD INC	8,000	$355K	0.2%	$44.43 *	$42.54	0.0%	COM CL A	011532108
SLB	SLB LIMITED	5,425	$279K	0.2%	$51.39 *	$48.30	0.0%	COM STK	806857108
WS	WORTHINGTON STL INC	7,500	$228K	0.1%	$30.35 *	$41.46	0.0%	COM SHS	982104101
GOOGL	ALPHABET INC	750	$216K	0.1%	$287.56 *	$323.29	0.0%	CAP STK CL A	02079K305