Filed: 5/15/2026ACC: 0001754960-26-000390
📋 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 $154.81M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
29
Positions
$154.81M
Total AUM (reported)
2.79M
Total Shares
Allocation by class
COM$76.84M49.6%
PHYSICAL GOLD TR$15.96M10.3%
PHYSCL GOLD SHS$14.50M9.4%
CL A$12.85M8.3%
ORD SHS A$10.20M6.6%
COM UNIT LTD PAR$9.28M6.0%
CL C$6.36M4.1%
Portfolio Concentration
Top 3$43.55M28.1%
4–10$69.84M45.1%
11–25$40.35M26.1%
Rest$1.08M0.7%
Top 3 weight
28.1%
Top 10 weight
73.2%
Voting Authority Distribution
Total shares with voting rights: 2.79M
Sole
Full voting authority
2.79M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole29
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings29
Rows:
SPROTT ASSET MANAGEMENT LP
SOLEShares450.34K
TypeSH
Market value$15.96M
10.31%
Sole
450.34K
Shared
0.00
None
0.00
ETFS GOLD TR
SOLEShares324.92K
TypeSH
Market value$14.50M
9.37%
Sole
324.92K
Shared
0.00
None
0.00
ALLISON TRANSMISSION HLDGS I
SOLEShares111.80K
TypeSH
Market value$13.09M
8.45%
Sole
111.80K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares256.14K
TypeSH
Market value$12.04M
7.77%
Sole
256.14K
Shared
0.00
None
0.00
AUTONATION INC
SOLEShares56.45K
TypeSH
Market value$11.02M
7.12%
Sole
56.45K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares207.79K
TypeSH
Market value$10.20M
6.59%
Sole
207.79K
Shared
0.00
None
0.00
RANGE RES CORP
SOLEShares214.51K
TypeSH
Market value$9.69M
6.26%
Sole
214.51K
Shared
0.00
None
0.00
NATURAL RESOURCE PARTNERS LP
SOLEShares76.67K
TypeSH
Market value$9.28M
5.99%
Sole
76.67K
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares65.59K
TypeSH
Market value$9.00M
5.81%
Sole
65.59K
Shared
0.00
None
0.00
BUILDERS FIRSTSOURCE INC
SOLEShares104.64K
TypeSH
Market value$8.62M
5.57%
Sole
104.64K
Shared
0.00
None
0.00
MOLINA HEALTHCARE INC
SOLEShares50.62K
TypeSH
Market value$6.75M
4.36%
Sole
50.62K
Shared
0.00
None
0.00
FEDERAL AGRIC MTG CORP
SOLEShares42.84K
TypeSH
Market value$6.36M
4.11%
Sole
42.84K
Shared
0.00
None
0.00
HELMERICH & PAYNE INC
SOLEShares118.20K
TypeSH
Market value$4.26M
2.75%
Sole
118.20K
Shared
0.00
None
0.00
ANTERO RESOURCES CORP
SOLEShares99.19K
TypeSH
Market value$4.21M
2.72%
Sole
99.19K
Shared
0.00
None
0.00
TRIPLE FLAG PRECIOUS METAL
SOLEShares90.20K
TypeSH
Market value$3.13M
2.02%
Sole
90.20K
Shared
0.00
None
0.00
SEADRILL LTD
SOLEShares51.81K
TypeSH
Market value$2.36M
1.52%
Sole
51.81K
Shared
0.00
None
0.00
OPENLANE INC
SOLEShares79.54K
TypeSH
Market value$2.32M
1.50%
Sole
79.54K
Shared
0.00
None
0.00
PLAINS ALL AMERN PIPELINE L
SOLEShares86.24K
TypeSH
Market value$1.93M
1.24%
Sole
86.24K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares99.28K
TypeSH
Market value$1.92M
1.24%
Sole
99.28K
Shared
0.00
None
0.00
SPROTT ASSET MANAGEMENT LP
SOLEShares66.87K
TypeSH
Market value$1.63M
1.05%
Sole
66.87K
Shared
0.00
None
0.00
CAL MAINE FOODS INC
SOLEShares17.50K
TypeSH
Market value$1.39M
0.89%
Sole
17.50K
Shared
0.00
None
0.00
COMPASS MINERALS INTL INC
SOLEShares55.64K
TypeSH
Market value$1.30M
0.84%
Sole
55.64K
Shared
0.00
None
0.00
DAVITA INC
SOLEShares7.15K
TypeSH
Market value$1.10M
0.71%
Sole
7.15K
Shared
0.00
None
0.00
AMPLIFY ETF TR
SOLEShares30.25K
TypeSH
Market value$899.0K
0.58%
Sole
30.25K
Shared
0.00
None
0.00
VALARIS LTD
SOLEShares8.27K
TypeSH
Market value$810.8K
0.52%
Sole
8.27K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL GOLD TR | 450.34K | SH | $15.96M 10.31% | 450.34K | 0.00 | 0.00 |
ETFS GOLD TRSOLE | PHYSCL GOLD SHS | 324.92K | SH | $14.50M 9.37% | 324.92K | 0.00 | 0.00 |
ALLISON TRANSMISSION HLDGS ISOLE | COM | 111.80K | SH | $13.09M 8.45% | 111.80K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 256.14K | SH | $12.04M 7.77% | 256.14K | 0.00 | 0.00 |
AUTONATION INCSOLE | COM | 56.45K | SH | $11.02M 7.12% | 56.45K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | ORD SHS A | 207.79K | SH | $10.20M 6.59% | 207.79K | 0.00 | 0.00 |
RANGE RES CORPSOLE | COM | 214.51K | SH | $9.69M 6.26% | 214.51K | 0.00 | 0.00 |
NATURAL RESOURCE PARTNERS LPSOLE | COM UNIT LTD PAR | 76.67K | SH | $9.28M 5.99% | 76.67K | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 65.59K | SH | $9.00M 5.81% | 65.59K | 0.00 | 0.00 |
BUILDERS FIRSTSOURCE INCSOLE | COM | 104.64K | SH | $8.62M 5.57% | 104.64K | 0.00 | 0.00 |
MOLINA HEALTHCARE INCSOLE | COM | 50.62K | SH | $6.75M 4.36% | 50.62K | 0.00 | 0.00 |
FEDERAL AGRIC MTG CORPSOLE | CL C | 42.84K | SH | $6.36M 4.11% | 42.84K | 0.00 | 0.00 |
HELMERICH & PAYNE INCSOLE | COM | 118.20K | SH | $4.26M 2.75% | 118.20K | 0.00 | 0.00 |
ANTERO RESOURCES CORPSOLE | COM | 99.19K | SH | $4.21M 2.72% | 99.19K | 0.00 | 0.00 |
TRIPLE FLAG PRECIOUS METALSOLE | COM | 90.20K | SH | $3.13M 2.02% | 90.20K | 0.00 | 0.00 |
SEADRILL LTDSOLE | COM | 51.81K | SH | $2.36M 1.52% | 51.81K | 0.00 | 0.00 |
OPENLANE INCSOLE | COM | 79.54K | SH | $2.32M 1.50% | 79.54K | 0.00 | 0.00 |
PLAINS ALL AMERN PIPELINE LSOLE | UNIT LTD PARTN | 86.24K | SH | $1.93M 1.24% | 86.24K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 99.28K | SH | $1.92M 1.24% | 99.28K | 0.00 | 0.00 |
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL SILVER | 66.87K | SH | $1.63M 1.05% | 66.87K | 0.00 | 0.00 |
CAL MAINE FOODS INCSOLE | COM NEW | 17.50K | SH | $1.39M 0.89% | 17.50K | 0.00 | 0.00 |
COMPASS MINERALS INTL INCSOLE | COM | 55.64K | SH | $1.30M 0.84% | 55.64K | 0.00 | 0.00 |
DAVITA INCSOLE | COM | 7.15K | SH | $1.10M 0.71% | 7.15K | 0.00 | 0.00 |
AMPLIFY ETF TRSOLE | AMPLIFY JUNIOR S | 30.25K | SH | $899.0K 0.58% | 30.25K | 0.00 | 0.00 |
VALARIS LTDSOLE | CL A | 8.27K | SH | $810.8K 0.52% | 8.27K | 0.00 | 0.00 |
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