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
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PHYS | SPROTT ASSET MANAGEMENT LP | $32.54 | -3.76% | 28.72% | 126.60% | $16.0M | 10.31% | −839 | −0.2% |
| 2 | SGOL | ETFS GOLD TR | $41.12 | -3.61% | 30.13% | 136.05% | $14.5M | 9.37% | −37,803 | −10.4% |
| 3 | ALSN | ALLISON TRANSMISSION HLDGS I | $115.75 | -2.22% | 13.05% | 213.29% | $13.1M | 8.45% | +2,012 | +1.8% |
| 4 | VNOM | VIPER ENERGY INC | $45.46 | -1.96% | 16.23% | 246.15% | $12.0M | 7.77% | +4,576 | +1.8% |
| 5 | AN | AUTONATION INC | $187.72 | -0.22% | 0.34% | 54.72% | $11.0M | 7.12% | +9,413 | +20.0% |
| 6 | NE | NOBLE CORP PLC | $45.41 | -2.72% | 76.80% | 141.68% | $10.2M | 6.59% | −23,696 | −10.2% |
| 7 | RRC | RANGE RES CORP | $39.10 | -3.43% | 2.83% | 166.83% | $9.7M | 6.26% | +214,515 | NEW |
| 8 | NRP | NATURAL RESOURCE PARTNERS LP | $105.51 | -0.46% | 11.30% | 565.45% | $9.3M | 5.99% | +11,343 | +17.4% |
| 9 | DHI | D R HORTON INC | $145.60 | -0.55% | 21.99% | 60.58% | $9.0M | 5.81% | +5,740 | +9.6% |
| 10 | BLDR | BUILDERS FIRSTSOURCE INC | $73.64 | -1.79% | -34.03% | 65.48% | $8.6M | 5.57% | +20,697 | +24.7% |
| 11 | MOH | MOLINA HEALTHCARE INC | $190.86 | -1.01% | -35.71% | -30.09% | $6.7M | 4.36% | +50,618 | NEW |
| 12 | AGM | FEDERAL AGRIC MTG CORP | $180.99 | -0.62% | -2.51% | 116.09% | $6.4M | 4.11% | +42,844 | NEW |
| 13 | HP | HELMERICH & PAYNE INC | $37.46 | -5.40% | 132.02% | 59.38% | $4.3M | 2.75% | — | HELD |
| 14 | AR | ANTERO RESOURCES CORP | $35.56 | -4.15% | -7.99% | 161.47% | $4.2M | 2.72% | — | HELD |
| 15 | TFPM | TRIPLE FLAG PRECIOUS METAL | $28.27 | -7.01% | 18.52% | 133.21% | $3.1M | 2.02% | +17,491 | +24.1% |
| 16 | SDRL | SEADRILL LTD | $44.38 | -2.82% | 76.32% | 38.69% | $2.4M | 1.52% | −75,651 | −59.4% |
| 17 | OPLN | OPENLANE INC | $36.48 | -0.08% | 54.38% | 121.36% | $2.3M | 1.50% | +31,501 | +65.6% |
| 18 | PAA | PLAINS ALL AMERN PIPELINE L | $22.60 | -1.40% | 40.79% | 231.99% | $1.9M | 1.24% | — | HELD |
| 19 | ET | ENERGY TRANSFER L P | $19.39 | -1.17% | 16.51% | 191.92% | $1.9M | 1.24% | — | HELD |
| 20 | PSLV | SPROTT ASSET MANAGEMENT LP | $21.53 | -8.15% | 78.97% | 141.91% | $1.6M | 1.05% | −38,502 | −36.5% |
| 21 | CALM | CAL MAINE FOODS INC | $75.65 | 1.60% | -18.88% | 180.24% | $1.4M | 0.89% | +17,505 | NEW |
| 22 | CMP | COMPASS MINERALS INTL INC | $29.63 | -5.55% | 48.89% | -54.42% | $1.3M | 0.84% | +31,731 | +132.7% |
| 23 | DVA | DAVITA INC | $192.16 | -0.01% | 39.35% | 59.80% | $1.1M | 0.71% | −1,394 | −16.3% |
| 24 | SILJ | AMPLIFY ETF TR | $26.36 | -11.01% | 79.28% | 101.09% | $899K | 0.58% | +30,250 | NEW |
| 25 | VAL | VALARIS LTD | $88.54 | -4.70% | 112.79% | 226.72% | $811K | 0.52% | −22,922 | −73.5% |
| 26 | AGI | ALAMOS GOLD INC | $35.52 | -8.00% | 33.46% | 353.47% | $355K | 0.23% | +8,000 | NEW |
| 27 | SLB | SLB LIMITED | $54.87 | -5.41% | 67.83% | 112.39% | $279K | 0.18% | +5,425 | NEW |
| 28 | WS | WORTHINGTON STL INC | $41.52 | -2.99% | 63.23% | 54.68% | $228K | 0.15% | +7,500 | NEW |
| 29 | GOOGL | ALPHABET INC | $368.53 | -0.98% | 112.92% | 175.80% | $216K | 0.14% | +750 | NEW |
| 30 | ALGT | ALLEGIANT TRAVEL CO | $84.12 | -0.41% | 44.41% | -54.22% | — | — | −126,494 | EXITED |
| 31 | EOG | EOG RES INC | $137.78 | -2.20% | — | — | — | — | −41,348 | EXITED |
| 32 | PPLT | ABRDN PLATINUM ETF TRUST | $16.18 | -5.98% | — | — | — | — | −11,383 | EXITED |
Source: SEC EDGAR · accession 0001754960-26-000390. 13F discloses long positions only — shorts, foreign equities, and options are excluded.