Institutional
Mountain Lake Investment Management LLC
CIK 0001308555
$154.8M
Reported AUM
29
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Mountain Lake Investment Management LLC · Q1 2026
AI · grounded in 13F
Mountain Lake Investment Management LLC closed its position in ALGT, reducing exposure by $10.79M. The fund established three new positions, led by a $9.69M investment in RRC, followed by MOH at $6.75M and AGM at $6.36M. Other activity included closing positions in EOG and PPLT while increasing its stake in NRP by 17.36%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PHYS | SPROTT ASSET MANAGEMENT LP | $30.59 | -1.61% | 19.21% | 113.17% | $16.0M | 10.31% | — | HELD |
| 2 | SGOL | ETFS GOLD TR | $38.57 | -1.46% | 19.85% | 120.17% | $14.5M | 9.37% | — | HELD |
| 3 | ALSN | ALLISON TRANSMISSION HLDGS I | $114.54 | -0.78% | 33.15% | 235.57% | $13.1M | 8.45% | — | HELD |
| 4 | VNOM | VIPER ENERGY INC | $44.61 | 2.65% | 27.56% | 221.39% | $12.0M | 7.77% | — | HELD |
| 5 | AN | AUTONATION INC | $212.40 | -1.05% | 11.45% | 94.70% | $11.0M | 7.12% | — | HELD |
| 6 | NE | NOBLE CORP PLC | $42.40 | 2.32% | 70.29% | 99.27% | $10.2M | 6.59% | — | HELD |
| 7 | RRC | RANGE RES CORP | $40.14 | 1.49% | 13.86% | 186.11% | $9.7M | 6.26% | — | HELD |
| 8 | NRP | NATURAL RESOURCE PARTNERS LP | $98.06 | -0.59% | -1.72% | 533.63% | $9.3M | 5.99% | — | HELD |
| 9 | DHI | D R HORTON INC | $143.06 | -1.70% | -3.62% | 57.29% | $9.0M | 5.81% | — | HELD |
| 10 | BLDR | BUILDERS FIRSTSOURCE INC | $66.44 | 0.65% | -48.96% | 24.68% | $8.6M | 5.57% | — | HELD |
| 11 | MOH | MOLINA HEALTHCARE INC | $195.62 | 0.47% | 26.10% | -27.22% | $6.7M | 4.36% | — | HELD |
| 12 | AGM | FEDERAL AGRIC MTG CORP | $227.60 | 3.31% | 36.71% | 169.54% | $6.4M | 4.11% | — | HELD |
| 13 | HP | HELMERICH & PAYNE INC | $34.57 | 2.37% | 123.73% | 51.63% | $4.3M | 2.75% | — | HELD |
| 14 | AR | ANTERO RESOURCES CORP | $36.14 | 2.38% | 5.51% | 158.93% | $4.2M | 2.72% | — | HELD |
| 15 | TFPM | TRIPLE FLAG PRECIOUS METAL | $28.77 | -2.94% | 29.06% | 144.52% | $3.1M | 2.02% | — | HELD |
| 16 | SDRL | SEADRILL LTD | $44.83 | 3.67% | 61.29% | 40.13% | $2.4M | 1.52% | — | HELD |
| 17 | OPLN | OPENLANE INC | $39.76 | -1.85% | 63.58% | 135.36% | $2.3M | 1.50% | — | HELD |
| 18 | PAA | PLAINS ALL AMERN PIPELINE L | $24.57 | -1.01% | 45.29% | 280.37% | $1.9M | 1.24% | — | HELD |
| 19 | ET | ENERGY TRANSFER L P | $20.36 | 0.59% | 22.58% | 217.73% | $1.9M | 1.24% | — | HELD |
| 20 | PSLV | SPROTT ASSET MANAGEMENT LP | $18.80 | -1.98% | 48.24% | 120.95% | $1.6M | 1.05% | — | HELD |
| 21 | CALM | CAL MAINE FOODS INC | $87.78 | 0.80% | -15.06% | 211.25% | $1.4M | 0.89% | — | HELD |
| 22 | CMP | COMPASS MINERALS INTL INC | $29.35 | -1.44% | 48.33% | -53.77% | $1.3M | 0.84% | — | HELD |
| 23 | DVA | DAVITA INC | $240.09 | 0.51% | 73.38% | 83.60% | $1.1M | 0.71% | — | HELD |
| 24 | SILJ | AMPLIFY ETF TR | $24.09 | -3.45% | 69.22% | 96.40% | $899K | 0.58% | — | HELD |
| 25 | VAL | VALARIS LTD | $79.19 | 4.78% | 73.76% | 165.01% | $811K | 0.52% | — | HELD |
| 26 | AGI | ALAMOS GOLD INC | $27.83 | -2.01% | 14.42% | 273.12% | $355K | 0.23% | — | HELD |
| 27 | SLB | SLB LIMITED | $49.59 | 1.39% | 54.14% | 96.49% | $279K | 0.18% | — | HELD |
| 28 | WS | WORTHINGTON STL INC | $36.01 | 2.50% | 21.76% | 33.38% | $228K | 0.15% | — | HELD |
| 29 | GOOGL | ALPHABET INC | $355.99 | 6.69% | 85.11% | 143.37% | $216K | 0.14% | — | HELD |
Source: SEC EDGAR · accession 0001754960-26-000390. 13F discloses long positions only — shorts, foreign equities, and options are excluded.