Filed: 1/30/2025ACC: 0001754960-25-000086
📋 What this filing means
MOUNTAIN LAKE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 29 equity positions with a total reported market value of $86.84M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
29
Positions
$86.84M
Total AUM (reported)
3.06M
Total Shares
Allocation by class
COM$43.07M49.6%
PHYSCL GOLD SHS$11.20M12.9%
UNIT$7.57M8.7%
CLASS A COM$6.06M7.0%
COM NEW$5.92M6.8%
ORD SHS A$5.71M6.6%
JUNIOR URANIUM$1.63M1.9%
Portfolio Concentration
Top 3$28.92M33.3%
4–10$38.39M44.2%
11–25$18.59M21.4%
Rest$941.2K1.1%
Top 3 weight
33.3%
Top 10 weight
77.5%
Voting Authority Distribution
Total shares with voting rights: 3.06M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.06M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole29
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings29
Rows:
ETFS GOLD TR
SOLEShares447.30K
TypeSH
Market value$11.20M
12.90%
Sole
0.00
Shared
0.00
None
447.30K
ALLEGIANT TRAVEL CO
SOLEShares108K
TypeSH
Market value$10.15M
11.69%
Sole
0.00
Shared
0.00
None
108K
SPROTT PHYSICAL GOLD TR
SOLEShares376K
TypeSH
Market value$7.57M
8.72%
Sole
0.00
Shared
0.00
None
376K
SITIO ROYALTIES CORP
SOLEShares316.58K
TypeSH
Market value$6.06M
6.98%
Sole
0.00
Shared
0.00
None
316.58K
SEADRILL 2021 LTD
SOLEShares154.70K
TypeSH
Market value$6.01M
6.92%
Sole
0.00
Shared
0.00
None
154.70K
NOBLE CORP PLC
SOLEShares182.86K
TypeSH
Market value$5.71M
6.58%
Sole
0.00
Shared
0.00
None
182.86K
AVIS BUDGET GROUP
SOLEShares67.55K
TypeSH
Market value$5.43M
6.25%
Sole
0.00
Shared
0.00
None
67.55K
BUILDERS FIRSTSOURCE INC
SOLEShares36.37K
TypeSH
Market value$5.20M
5.99%
Sole
0.00
Shared
0.00
None
36.37K
AUTONATION INC
SOLEShares30.20K
TypeSH
Market value$5.13M
5.90%
Sole
0.00
Shared
0.00
None
30.20K
ANTERO RESOURCES CORP
SOLEShares138.35K
TypeSH
Market value$4.86M
5.59%
Sole
0.00
Shared
0.00
None
138.35K
PRECISION DRILLING CORP
SOLEShares51.98K
TypeSH
Market value$3.56M
4.10%
Sole
0.00
Shared
0.00
None
51.98K
NEXGEN ENERGY LTD
SOLEShares294.24K
TypeSH
Market value$1.94M
2.24%
Sole
0.00
Shared
0.00
None
294.24K
OPENLANE INC
SOLEShares94.50K
TypeSH
Market value$1.88M
2.16%
Sole
0.00
Shared
0.00
None
94.50K
SPROTT FDS TR
SOLEShares87.49K
TypeSH
Market value$1.63M
1.87%
Sole
0.00
Shared
0.00
None
87.49K
HERTZ GLOBAL HLDGS INC
SOLEShares438K
TypeSH
Market value$1.60M
1.84%
Sole
0.00
Shared
0.00
None
438K
NATURAL RESOURCE PARTNERS L
SOLEShares11.05K
TypeSH
Market value$1.22M
1.41%
Sole
0.00
Shared
0.00
None
11.05K
VANECK ETF TRUST
SOLEShares28.45K
TypeSH
Market value$1.22M
1.40%
Sole
0.00
Shared
0.00
None
28.45K
ABRDN PLATINUM ETF TRUST
SOLEShares12K
TypeSH
Market value$995.8K
1.15%
Sole
0.00
Shared
0.00
None
12K
SPROTT INC
SOLEShares18.09K
TypeSH
Market value$762.4K
0.88%
Sole
0.00
Shared
0.00
None
18.09K
ISHARES BITCOIN TRUST ETF
SOLEShares14K
TypeSH
Market value$744.7K
0.86%
Sole
0.00
Shared
0.00
None
14K
EOG RES INC
SOLEShares6K
TypeSH
Market value$735.5K
0.85%
Sole
0.00
Shared
0.00
None
6K
VANECK ETF TRUST
SOLEShares19K
TypeSH
Market value$644.3K
0.74%
Sole
0.00
Shared
0.00
None
19K
OCCIDENTAL PETE CORP
SOLEShares12.50K
TypeSH
Market value$617.6K
0.71%
Sole
0.00
Shared
0.00
None
12.50K
SPROTT FDS TR
SOLEShares14.05K
TypeSH
Market value$566.3K
0.65%
Sole
0.00
Shared
0.00
None
14.05K
PEABODY ENERGY CORP
SOLEShares23K
TypeSH
Market value$481.6K
0.55%
Sole
0.00
Shared
0.00
None
23K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ETFS GOLD TRSOLE | PHYSCL GOLD SHS | 447.30K | SH | $11.20M 12.90% | 0.00 | 0.00 | 447.30K |
ALLEGIANT TRAVEL COSOLE | COM | 108K | SH | $10.15M 11.69% | 0.00 | 0.00 | 108K |
SPROTT PHYSICAL GOLD TRSOLE | UNIT | 376K | SH | $7.57M 8.72% | 0.00 | 0.00 | 376K |
SITIO ROYALTIES CORPSOLE | CLASS A COM | 316.58K | SH | $6.06M 6.98% | 0.00 | 0.00 | 316.58K |
SEADRILL 2021 LTDSOLE | COM | 154.70K | SH | $6.01M 6.92% | 0.00 | 0.00 | 154.70K |
NOBLE CORP PLCSOLE | ORD SHS A | 182.86K | SH | $5.71M 6.58% | 0.00 | 0.00 | 182.86K |
AVIS BUDGET GROUPSOLE | COM | 67.55K | SH | $5.43M 6.25% | 0.00 | 0.00 | 67.55K |
BUILDERS FIRSTSOURCE INCSOLE | COM | 36.37K | SH | $5.20M 5.99% | 0.00 | 0.00 | 36.37K |
AUTONATION INCSOLE | COM | 30.20K | SH | $5.13M 5.90% | 0.00 | 0.00 | 30.20K |
ANTERO RESOURCES CORPSOLE | COM | 138.35K | SH | $4.86M 5.59% | 0.00 | 0.00 | 138.35K |
PRECISION DRILLING CORPSOLE | COM NEW | 51.98K | SH | $3.56M 4.10% | 0.00 | 0.00 | 51.98K |
NEXGEN ENERGY LTDSOLE | COM | 294.24K | SH | $1.94M 2.24% | 0.00 | 0.00 | 294.24K |
OPENLANE INCSOLE | COM | 94.50K | SH | $1.88M 2.16% | 0.00 | 0.00 | 94.50K |
SPROTT FDS TRSOLE | JUNIOR URANIUM | 87.49K | SH | $1.63M 1.87% | 0.00 | 0.00 | 87.49K |
HERTZ GLOBAL HLDGS INCSOLE | COM NEW | 438K | SH | $1.60M 1.84% | 0.00 | 0.00 | 438K |
NATURAL RESOURCE PARTNERS LSOLE | COM UNIT LTD PAR | 11.05K | SH | $1.22M 1.41% | 0.00 | 0.00 | 11.05K |
VANECK ETF TRUSTSOLE | JUNIOR GOLD MINE | 28.45K | SH | $1.22M 1.40% | 0.00 | 0.00 | 28.45K |
ABRDN PLATINUM ETF TRUSTSOLE | PHYSCL PLATM SHS | 12K | SH | $995.8K 1.15% | 0.00 | 0.00 | 12K |
SPROTT INCSOLE | COM NEW | 18.09K | SH | $762.4K 0.88% | 0.00 | 0.00 | 18.09K |
ISHARES BITCOIN TRUST ETFSOLE | SHS BEN INT | 14K | SH | $744.7K 0.86% | 0.00 | 0.00 | 14K |
EOG RES INCSOLE | COM | 6K | SH | $735.5K 0.85% | 0.00 | 0.00 | 6K |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 19K | SH | $644.3K 0.74% | 0.00 | 0.00 | 19K |
OCCIDENTAL PETE CORPSOLE | COM | 12.50K | SH | $617.6K 0.71% | 0.00 | 0.00 | 12.50K |
SPROTT FDS TRSOLE | URANIUM MINERS E | 14.05K | SH | $566.3K 0.65% | 0.00 | 0.00 | 14.05K |
PEABODY ENERGY CORPSOLE | COM | 23K | SH | $481.6K 0.55% | 0.00 | 0.00 | 23K |
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