Mountain Lake Investment Management LLC — 13F Holdings & Portfolio
CIK 1308555 · latest 13F-HR filed 2026-08-14
Mountain Lake Investment Management LLC manages $160.6M in 13F-reported U.S. long-equity assets across 31 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PHYS (8.58%), BLDR (8.24%), SGOL (7.72%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions, exited 2, added to 10, and trimmed 15.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
BOCA RATON, FL 33432
$160.6M
Long-equity book
31
Distinct positions
2026-06-30
Filed 2026-08-14
+4 / −2 / ↑10 / ↓15
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- MOLINA HEALTHCARE INC$5.5M +81.0%
- BUILDERS FIRSTSOURCE INC$4.6M +53.6%
- CAL MAINE FOODS INC$4.1M +299.4%
- TRIPLE FLAG PRECIOUS METAL$2.5M +81.4%
- D R HORTON INC$2.2M +24.2%
Top Trims
- NOBLE CORP PLC-$4.6M -45.5%
- SPROTT ASSET MANAGEMENT LP-$2.2M -13.6%
- ETFS GOLD TR-$2.1M -14.5%
- RANGE RES CORP-$1.6M -16.1%
- VIPER ENERGY INC-$1.3M -11.1%
New Positions
- UNITED STS BRENT OIL FD LP$3.9M
- UBER TECHNOLOGIES INC$2.3M
- INSTEEL INDS INC$1.3M
- SALLY BEAUTY HLDGS INC$898.6K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SPROTT ASSET MANAGEMENT LP | PHYS | 85207H104 | $13.8M | 8.58% | 456,819 | SH |
| 2 | BUILDERS FIRSTSOURCE INC | BLDR | 12008R107 | $13.2M | 8.24% | 147,867 | SH |
| 3 | ETFS GOLD TR | SGOL | 00326A104 | $12.4M | 7.72% | 324,355 | SH |
| 4 | MOLINA HEALTHCARE INC | MOH | 60855R100 | $12.2M | 7.60% | 53,394 | SH |
| 5 | ALLISON TRANSMISSION HLDGS I | ALSN | 01973R101 | $12.0M | 7.48% | 106,541 | SH |
| 6 | D R HORTON INC | DHI | 23331A109 | $11.2M | 6.96% | 68,606 | SH |
| 7 | AUTONATION INC | AN | 05329W102 | $10.8M | 6.74% | 58,257 | SH |
| 8 | VIPER ENERGY INC | VNOM | 64361Q101 | $10.7M | 6.66% | 252,304 | SH |
| 9 | NATURAL RESOURCE PARTNERS LP | NRP | 63900P608 | $8.3M | 5.16% | 85,464 | SH |
| 10 | RANGE RES CORP | RRC | 75281A109 | $8.1M | 5.06% | 218,523 | SH |
| 11 | TRIPLE FLAG PRECIOUS METAL | TFPM | 89679M104 | $5.7M | 3.54% | 189,488 | SH |
| 12 | NOBLE CORP PLC | NE | G65431127 | $5.6M | 3.46% | 149,036 | SH |
| 13 | CAL MAINE FOODS INC | CALM | 128030202 | $5.5M | 3.45% | 68,685 | SH |
| 14 | UNITED STS BRENT OIL FD LP | BNO | 91167Q100 | $3.9M | 2.44% | 96,318 | SH |
| 15 | HELMERICH & PAYNE INC | HP | 423452101 | $3.9M | 2.41% | 118,197 | SH |
| 16 | ANTERO RESOURCES CORP | AR | 03674X106 | $3.5M | 2.19% | 100,137 | SH |
| 17 | OPENLANE INC | OPLN | 48238T109 | $3.3M | 2.04% | 79,537 | SH |
| 18 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $2.3M | 1.44% | 32,098 | SH |
| 19 | ENERGY TRANSFER L P | ET | 29273V100 | $1.8M | 1.15% | 96,190 | SH |
| 20 | PLAINS ALL AMERN PIPELINE L | PAA | 726503105 | $1.8M | 1.14% | 81,960 | SH |
| 21 | COMPASS MINERALS INTL INC | CMP | 20451N101 | $1.7M | 1.08% | 55,756 | SH |
| 22 | SEADRILL LTD | SDRL | G7997W102 | $1.4M | 0.86% | 36,555 | SH |
| 23 | INSTEEL INDS INC | IIIN | 45774W108 | $1.3M | 0.83% | 44,260 | SH |
| 24 | SPROTT ASSET MANAGEMENT LP | PSLV | 85207K107 | $1.3M | 0.79% | 67,321 | SH |
| 25 | DAVITA INC | DVA | 23918K108 | $1.2M | 0.74% | 5,312 | SH |
| 26 | WORTHINGTON STL INC | WS | 982104101 | $1.2M | 0.72% | 34,427 | SH |
| 27 | SALLY BEAUTY HLDGS INC | SBH | 79546E104 | $898.6K | 0.56% | 63,552 | SH |
| 28 | AMPLIFY ETF TR | SILJ | 032108649 | $760.0K | 0.47% | 29,320 | SH |
| 29 | ALPHABET INC | GOOGL | 02079K305 | $268.0K | 0.17% | 750 | SH |
| 30 | SLB LIMITED | SLB | 806857108 | $252.2K | 0.16% | 5,425 | SH |
| 31 | ALAMOS GOLD INC | AGI | 011532108 | $242.7K | 0.15% | 8,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $160.6M | 31 | 0001754960-26-000773 |
| 2026-03-31 | 2026-05-15 | $154.8M | 29 | 0001754960-26-000390 |
| 2025-12-31 | 2026-02-17 | $131.6M | 23 | 0001754960-26-000189 |
| 2025-09-30 | 2025-11-14 | $134.3M | 26 | 0001754960-25-000797 |