Q4 2025 · 13F-HR
Mountain Lake Investment Management LLCholdings as filed
Filed 2026-02-17 · accession 0001754960-26-000189
$131.6M
Reported value
23
Positions
2025-12-31
Period end
The Brief · Mountain Lake Investment Management LLC · Q4 2025
AI · grounded in 13F
Mountain Lake Investment Management LLC closed its position in CNC for a reduction of $2,975,783. The fund also exited positions in CI and CNR, totaling losses of $1,482,758 and $1,472,838 respectively. On the buy side, the fund established a new position in DVA worth $971,025 and increased its stake in NRP by 43.2%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00326A104 | SGOL | ETFS GOLD TR | $14.9M | 11.3% | 362,721 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $14.9M | 11.3% | 451,183 | Common | SOLE |
| 01748X102 | ALGT | ALLEGIANT TRAVEL CO | $10.8M | 8.20% | 126,494 | Common | SOLE |
| 01973R101 | ALSN | ALLISON TRANSMISSION HLDGS I | $10.7M | 8.17% | 109,791 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $9.7M | 7.38% | 251,563 | Common | SOLE |
| 05329W102 | AN | AUTONATION INC | $9.7M | 7.38% | 47,032 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $8.6M | 6.56% | 83,944 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $8.6M | 6.55% | 59,850 | Common | SOLE |
| 63900P608 | NRP | NATURAL RESOURCE PARTNERS L | $6.8M | 5.18% | 65,330 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $6.5M | 4.97% | 231,491 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $4.4M | 3.35% | 127,463 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $4.3M | 3.30% | 41,348 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $3.4M | 2.60% | 99,192 | Common | SOLE |
| 423452101 | HP | HELMERICH & PAYNE INC | $3.4M | 2.58% | 118,197 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $2.5M | 1.89% | 105,376 | Common | SOLE |
| 89679M104 | TFPM | TRIPLE FLAG PRECIOUS METAL | $2.4M | 1.84% | 72,712 | Common | SOLE |
| 003260106 | PPLT | ABRDN PLATINUM ETF TRUST | $2.1M | 1.61% | 11,383 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $1.6M | 1.24% | 99,285 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $1.6M | 1.19% | 31,192 | Common | SOLE |
| 726503105 | PAA | PLAINS ALL AMERN PIPELINE L | $1.5M | 1.18% | 86,237 | Common | SOLE |
| 48238T109 | OPLN | OPENLANE INC | $1.4M | 1.09% | 48,036 | Common | SOLE |
| 23918K108 | DVA | DAVITA INC | $971,025 | 0.74% | 8,547 | Common | SOLE |
| 20451N101 | CMP | COMPASS MINERALS INTL INC | $469,494 | 0.36% | 23,905 | 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.