Latest Mountain Lake Investment Management LLC Stock Portfolio

Mountain Lake Investment Management LLC Performance:

2025 Q2: 1.5%YTD: -3.68%2024: 6.87%

Performance for 2025 Q2 is 1.5%, and YTD is -3.68%, and 2024 is 6.87%.

About Mountain Lake Investment Management LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Mountain Lake Investment Management LLC reported an equity portfolio of $120.2 Millions as of 30 Jun, 2025.

The top stock holdings of Mountain Lake Investment Management LLC are SGOL, PHYS, AN. The fund has invested 13.5% of it's portfolio in ETFS GOLD TR and 10.3% of portfolio in SPROTT PHYSICAL GOLD TR.

The fund managers got completely rid off AVIS BUDGET GROUP (CAR), HERTZ GLOBAL HLDGS INC (HTZ) and SYSCO CORP (SYY) stocks. They significantly reduced their stock positions in PEABODY ENERGY CORP (BTU), OPENLANE INC (KAR) and ANTERO RESOURCES CORP (AR). Mountain Lake Investment Management LLC opened new stock positions in D R HORTON INC (DHI), PLAINS ALL AMERN PIPELINE L (PAA) and ALLISON TRANSMISSION HLDGS I (ALSN). The fund showed a lot of confidence in some stocks as they added substantially to ENERGY TRANSFER L P (ET), SPROTT PHYSICAL SILVER TR (PSLV) and FRP HLDGS INC (FRPH).

Mountain Lake Investment Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Mountain Lake Investment Management LLC made a return of 1.5% in the last quarter. In trailing 12 months, it's portfolio return was 3.29%.

New Buys

Ticker	$ Bought
d r horton inc	9,513,010
plains all amern pipeline l	1,617,310
allison transmission hldgs i	922,638
alico inc	334,512

New stocks bought by Mountain Lake Investment Management LLC

Additions

Ticker	% Inc.
energy transfer l p	174
sprott physical silver tr	111
frp hldgs inc	72.39
natural resource partners l	69.9
triple flag precious metal	60.15
valaris ltd	48.14
builders firstsource inc	46.78
core natural resources inc	37.1

Additions to existing portfolio by Mountain Lake Investment Management LLC

Reductions

Ticker	% Reduced
peabody energy corp	-48.23
openlane inc	-35.1
antero resources corp	-31.98
noble corp plc	-4.4
etfs gold tr	-2.54
bank ozk little rock ark	-1.14

Mountain Lake Investment Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
hertz global hldgs inc	-2,007,280
avis budget group	-8,211,240
uranium rty corp	-35,200
sysco corp	-907,909
vaneck etf trust	-542,630
vaneck etf trust	-290,118
vail resorts inc	-320,040

Mountain Lake Investment Management LLC got rid off the above stocks

Sector Distribution

Mountain Lake Investment Management LLC has about 48.7% of it's holdings in Others sector.

Sector	%
Others	48.7
Consumer Cyclical	18.7
Energy	15.5
Industrials	14.6
Real Estate	2.2

Market Cap. Distribution

Mountain Lake Investment Management LLC has about 23.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	48.7
LARGE-CAP	23.8
MID-CAP	14.7
SMALL-CAP	12.6

Stocks belong to which Index?

About 25.2% of the stocks held by Mountain Lake Investment Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	74.8
S&P 500	12.8
RUSSELL 2000	12.4

Top 5 Winners (%)		%
KAR	openlane inc	26.8 %
AN	autonation inc	21.0 %
ALGT	allegiant travel co	5.6 %
VAL	valaris ltd	4.8 %
JOE	st joe co	1.6 %

Top 5 Winners ($)		$
AN	autonation inc	1.8 M
KAR	openlane inc	0.5 M
ALGT	allegiant travel co	0.4 M
VAL	valaris ltd	0.1 M
JOE	st joe co	0.0 M

Top 5 Losers (%)		%
EOG	eog res inc	-5.4 %
NRP	natural resource partners l	-4.9 %
BLDR	builders firstsource inc	-4.6 %
FRPH	frp hldgs inc	-3.5 %
BTU	peabody energy corp	-1.0 %

Top 5 Losers ($)		$
BLDR	builders firstsource inc	-0.5 M
EOG	eog res inc	-0.3 M
NRP	natural resource partners l	-0.2 M
FRPH	frp hldgs inc	-0.1 M
ET	energy transfer l p	0.0 M

Mountain Lake Investment Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Mountain Lake Investment Management LLC

Mountain Lake Investment Management LLC has 27 stocks in it's portfolio. About 76.4% of the portfolio is in top 10 stocks. BLDR proved to be the most loss making stock for the portfolio. AN was the most profitable stock for Mountain Lake Investment Management LLC last quarter.

Last Reported on: 14 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	SGOL	etfs gold tr	13.54	515,933	16,272,500	reduced	-2.54
Historical Trend of ETFS GOLD TR Position Held By Mountain Lake Investment Management LLC What % of Portfolio is SGOL?: Number of SGOL shares held: Change in No. of Shares Held:
	PHYS	sprott physical gold tr	10.35	490,593	12,436,500	unchanged	0.00

	AN	autonation inc	8.67	52,458	10,420,800	added	6.57

	DHI	d r horton inc	7.92	73,790	9,513,010	new

	BLDR	builders firstsource inc	7.88	81,145	9,468,810	added	46.78

	ALGT	allegiant travel co	6.75	147,702	8,116,220	added	13.67

		sitio royalties corp	6.60	431,746	7,935,500	added	12.79

		seadrill ltd	5.26	240,960	6,325,200	added	21.92

	EOG	eog res inc	4.88	49,035	5,865,080	added	26.67

		noble corp plc	4.58	207,123	5,499,110	reduced	-4.4

	NRP	natural resource partners l	2.98	37,550	3,586,440	added	69.9

	AR	antero resources corp	2.71	80,720	3,251,400	reduced	-31.98

		precision drilling corp	2.43	61,712	2,915,270	unchanged	0.00

	ET	energy transfer l p	1.74	115,617	2,096,140	added	174

		triple flag precious metal	1.54	77,979	1,847,320	added	60.15

	FRPH	frp hldgs inc	1.50	66,799	1,796,220	added	72.39

	PPLT	abrdn platinum etf trust	1.43	13,960	1,715,260	unchanged	0.00

		bank ozk little rock ark	1.37	35,026	1,648,320	reduced	-1.14

	PAA	plains all amern pipeline l	1.35	88,281	1,617,310	new

	KAR	openlane inc	1.32	65,036	1,590,130	reduced	-35.1