Q3 2025 · 13F-HR
Mountain Lake Investment Management LLCholdings as filed
Filed 2025-11-14 · accession 0001754960-25-000797
$134.3M
Reported value
26
Positions
2025-09-30
Period end
The Brief · Mountain Lake Investment Management LLC · Q3 2025
AI · grounded in 13F
Mountain Lake Investment Management LLC established a new position in SGOL valued at $16.9M. The fund also initiated new stakes in PHYS for $13.7M and AN for $10.7M. Additional new positions include DHI at $10.4M and VNOM at $9.9M. The fund ended the period with 26 positions and total AUM of $134.3M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00326A104 | SGOL | ETFS GOLD TR | $16.9M | 12.6% | 459,101 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $13.7M | 10.2% | 462,140 | Common | SOLE |
| 05329W102 | AN | AUTONATION INC | $10.7M | 7.93% | 48,684 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $10.4M | 7.76% | 61,503 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $9.9M | 7.34% | 257,808 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $9.3M | 6.91% | 76,562 | Common | SOLE |
| 01973R101 | ALSN | ALLISON TRANSMISSION HLDGS I | $8.5M | 6.31% | 99,823 | Common | SOLE |
| 01748X102 | ALGT | ALLEGIANT TRAVEL CO | $8.3M | 6.19% | 136,702 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $6.4M | 4.78% | 226,853 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $5.6M | 4.17% | 49,988 | Common | SOLE |
| 63900P608 | NRP | NATURAL RESOURCE PARTNERS L | $4.8M | 3.57% | 45,622 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $4.4M | 3.27% | 145,436 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $3.4M | 2.54% | 101,608 | Common | SOLE |
| 423452101 | HP | HELMERICH & PAYNE INC | $3.0M | 2.24% | 136,393 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $3.0M | 2.22% | 83,402 | Common | SOLE |
| 89679M104 | TFPM | TRIPLE FLAG PRECIOUS METAL | $2.2M | 1.62% | 74,516 | Common | SOLE |
| 003260106 | PPLT | ABRDN PLATINUM ETF TRUST | $1.9M | 1.43% | 13,440 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $1.9M | 1.40% | 109,774 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $1.6M | 1.17% | 99,908 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $1.6M | 1.16% | 31,974 | Common | SOLE |
| 726503105 | PAA | PLAINS ALL AMERN PIPELINE L | $1.5M | 1.12% | 88,281 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $1.5M | 1.10% | 5,144 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $1.5M | 1.10% | 17,643 | Common | SOLE |
| 48238T109 | OPLN | OPENLANE INC | $1.3M | 0.95% | 44,493 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $912,818 | 0.68% | 34,420 | Common | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $328,582 | 0.24% | 8,363 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.