Mountain Lake Investment Management LLC
13F Reported Value
ⓘ$154.8M
Holdings
29
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Mountain Lake Investment Management LLC disclosed 29 positions worth $154.8M in its Form 13F-HR for Q1 2026, led by $PHYS (Sprott Physical Gold Trust) at 10.3% of the equity portfolio, followed by $SGOL and $ALSN. During the quarter the fund opened 9 new positions and exited 3 — including a new stake in $RRC and a full exit from $ALGT. The portfolio is most concentrated in Energy (36.8% of disclosed assets). All figures are sourced directly from Mountain Lake Investment Management LLC’s Form 13F-HR filing with the SEC under CIK 1308555.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$16.0M450,344 sh - —
Quality
$14.5M324,918 sh - 68.5#411
Quality
$13.1M111,803 sh - —
Quality
$12.0M256,139 sh - 51.0
Quality
$11.0M56,445 sh - —
Quality
$10.2M207,795 sh - 82.8
Quality
$9.7M214,515 sh - 57.4
Quality
$9.3M76,673 sh - 54.6
Quality
$9.0M65,590 sh - 48.4
Quality
$8.6M104,641 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Sprott Physical Gold Trust$PHYS | — | $16.0M | 450,344 |
 abrdn Gold ETF Trust$SGOL | — | $14.5M | 324,918 |
 Allison Transmission Holdings Inc$ALSN | 68.5#411 | $13.1M | 111,803 |
 Viper Energy, Inc.$VNOM | — | $12.0M | 256,139 |
 AUTONATION, INC.$AN | 51.0 | $11.0M | 56,445 |
 Noble Corp plc$NE | — | $10.2M | 207,795 |
 RANGE RESOURCES CORP$RRC | 82.8 | $9.7M | 214,515 |
 NATURAL RESOURCE PARTNERS LP$NRP | 57.4 | $9.3M | 76,673 |
 HORTON D R INC /DE/$DHI | 54.6 | $9.0M | 65,590 |
 Builders FirstSource, Inc.$BLDR | 48.4 | $8.6M | 104,641 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Mountain Lake Investment Management LLC's 29 positions.
Showing top 10 of 29 holdings.
Sector Allocation
Energy
$57.0M
Financials
$41.6M
Industrials
$22.1M
Consumer Discretionary
$22.0M
Healthcare
$7.8M
Materials
$1.9M
Consumer Staples
$1.4M
Other
$899,030
Full Holdings — Mountain Lake Investment Management LLC (Q1 2026)
All 29 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $PHYS | Sprott Physical Gold Trust | $16.0M | 10.3% | -0% | — |
| 2 | $SGOL | abrdn Gold ETF Trust | $14.5M | 9.4% | -10% | — |
| 3 | $ALSN | Allison Transmission Holdings Inc | $13.1M | 8.4% | +2% | 68.5 |
| 4 | $VNOM | Viper Energy, Inc. | $12.0M | 7.8% | +2% | — |
| 5 | $AN | AUTONATION, INC. | $11.0M | 7.1% | +20% | 51 |
| 6 | $NE | Noble Corp plc | $10.2M | 6.6% | -10% | — |
| 7 | $RRC | RANGE RESOURCES CORP | $9.7M | 6.3% | NEW | 82.8 |
| 8 | $NRP | NATURAL RESOURCE PARTNERS LP | $9.3M | 6.0% | +17% | 57.4 |
| 9 | $DHI | HORTON D R INC /DE/ | $9.0M | 5.8% | +10% | 54.6 |
| 10 | $BLDR | Builders FirstSource, Inc. | $8.6M | 5.6% | +25% | 48.4 |
| 11 |  $MOH | MOLINA HEALTHCARE, INC. | $6.7M | 4.4% | NEW | 60.5 |
| 12 |  $AGM | FEDERAL AGRICULTURAL MORTGAGE CORP | $6.4M | 4.1% | NEW | — |
| 13 |  $HP | Helmerich & Payne, Inc. | $4.3M | 2.8% | +0% | 48.8 |
| 14 |  $AR | ANTERO RESOURCES Corp | $4.2M | 2.7% | +0% | 80.1 |
| 15 |  $TFPM | Triple Flag Precious Metals Corp. | $3.1M | 2.0% | +24% | — |
| 16 |  $SDRL | SEADRILL Ltd | $2.4M | 1.5% | -59% | — |
| 17 |  $OPLN | OPENLANE, Inc. | $2.3M | 1.5% | +66% | 63.9 |
| 18 |  $PAA | PLAINS ALL AMERICAN PIPELINE LP | $1.9M | 1.2% | +0% | 57.4 |
| 19 |  $ET | Energy Transfer LP | $1.9M | 1.2% | +0% | 64.5 |
| 20 |  $PSLV | Sprott Physical Silver Trust | $1.6M | 1.1% | -37% | — |
| 21 |  $CALM | CAL-MAINE FOODS INC | $1.4M | 0.9% | NEW | 85.7 |
| 22 |  $CMP | COMPASS MINERALS INTERNATIONAL INC | $1.3M | 0.8% | +133% | 60.4 |
| 23 |  $DVA | DAVITA INC. | $1.1M | 0.7% | -16% | 57.5 |
| 24 | — | AMPLIFY ETF TR | $899,030 | 0.6% | NEW | — |
| 25 |  $VAL | Valaris Ltd | $810,791 | 0.5% | -73% | — |
| 26 |  $AGI | ALAMOS GOLD INC | $355,440 | 0.2% | NEW | — |
| 27 |  $SLB | SLB LIMITED/NV | $278,791 | 0.2% | NEW | 63.2 |
| 28 |  $WS | Worthington Steel, Inc. | $227,625 | 0.1% | NEW | 55.7 |
| 29 |  $GOOG | Alphabet Inc. | $215,670 | 0.1% | NEW | 80.2 |
New Positions (9)
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