Filed: 8/14/2026ACC: 0001754960-26-000773
📋 What this filing means
MOUNTAIN LAKE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 31 equity positions with a total reported market value of $160.57M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
31
Positions
$160.57M
Total AUM (reported)
3.13M
Total Shares
Allocation by class
COM$92.78M57.8%
PHYSICAL GOLD TR$13.78M8.6%
PHYSCL GOLD SHS$12.40M7.7%
CL A$10.70M6.7%
COM UNIT LTD PAR$8.29M5.2%
ORD SHS A$5.56M3.5%
COM NEW$5.53M3.4%
Portfolio Concentration
Top 3$39.41M24.5%
4–10$73.34M45.7%
11–25$44.25M27.6%
Rest$3.58M2.2%
Top 3 weight
24.5%
Top 10 weight
70.2%
Voting Authority Distribution
Total shares with voting rights: 3.13M
Sole
Full voting authority
3.13M
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)
Sole31
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings31
Rows:
SPROTT ASSET MANAGEMENT LP
SOLEShares456.82K
TypeSH
Market value$13.78M
8.58%
Sole
456.82K
Shared
0.00
None
0.00
BUILDERS FIRSTSOURCE INC
SOLEShares147.87K
TypeSH
Market value$13.23M
8.24%
Sole
147.87K
Shared
0.00
None
0.00
ETFS GOLD TR
SOLEShares324.36K
TypeSH
Market value$12.40M
7.72%
Sole
324.36K
Shared
0.00
None
0.00
MOLINA HEALTHCARE INC
SOLEShares53.39K
TypeSH
Market value$12.21M
7.60%
Sole
53.39K
Shared
0.00
None
0.00
ALLISON TRANSMISSION HLDGS I
SOLEShares106.54K
TypeSH
Market value$12.01M
7.48%
Sole
106.54K
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares68.61K
TypeSH
Market value$11.17M
6.96%
Sole
68.61K
Shared
0.00
None
0.00
AUTONATION INC
SOLEShares58.26K
TypeSH
Market value$10.82M
6.74%
Sole
58.26K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares252.30K
TypeSH
Market value$10.70M
6.66%
Sole
252.30K
Shared
0.00
None
0.00
NATURAL RESOURCE PARTNERS LP
SOLEShares85.46K
TypeSH
Market value$8.29M
5.16%
Sole
85.46K
Shared
0.00
None
0.00
RANGE RES CORP
SOLEShares218.52K
TypeSH
Market value$8.13M
5.06%
Sole
218.52K
Shared
0.00
None
0.00
TRIPLE FLAG PRECIOUS METAL
SOLEShares189.49K
TypeSH
Market value$5.68M
3.54%
Sole
189.49K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares149.04K
TypeSH
Market value$5.56M
3.46%
Sole
149.04K
Shared
0.00
None
0.00
CAL MAINE FOODS INC
SOLEShares68.69K
TypeSH
Market value$5.53M
3.45%
Sole
68.69K
Shared
0.00
None
0.00
UNITED STS BRENT OIL FD LP
SOLEShares96.32K
TypeSH
Market value$3.92M
2.44%
Sole
96.32K
Shared
0.00
None
0.00
HELMERICH & PAYNE INC
SOLEShares118.20K
TypeSH
Market value$3.87M
2.41%
Sole
118.20K
Shared
0.00
None
0.00
ANTERO RESOURCES CORP
SOLEShares100.14K
TypeSH
Market value$3.52M
2.19%
Sole
100.14K
Shared
0.00
None
0.00
OPENLANE INC
SOLEShares79.54K
TypeSH
Market value$3.28M
2.04%
Sole
79.54K
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares32.10K
TypeSH
Market value$2.32M
1.44%
Sole
32.10K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares96.19K
TypeSH
Market value$1.84M
1.15%
Sole
96.19K
Shared
0.00
None
0.00
PLAINS ALL AMERN PIPELINE L
SOLEShares81.96K
TypeSH
Market value$1.82M
1.14%
Sole
81.96K
Shared
0.00
None
0.00
COMPASS MINERALS INTL INC
SOLEShares55.76K
TypeSH
Market value$1.74M
1.08%
Sole
55.76K
Shared
0.00
None
0.00
SEADRILL LTD
SOLEShares36.55K
TypeSH
Market value$1.38M
0.86%
Sole
36.55K
Shared
0.00
None
0.00
INSTEEL INDS INC
SOLEShares44.26K
TypeSH
Market value$1.34M
0.83%
Sole
44.26K
Shared
0.00
None
0.00
SPROTT ASSET MANAGEMENT LP
SOLEShares67.32K
TypeSH
Market value$1.27M
0.79%
Sole
67.32K
Shared
0.00
None
0.00
DAVITA INC
SOLEShares5.31K
TypeSH
Market value$1.18M
0.74%
Sole
5.31K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL GOLD TR | 456.82K | SH | $13.78M 8.58% | 456.82K | 0.00 | 0.00 |
BUILDERS FIRSTSOURCE INCSOLE | COM | 147.87K | SH | $13.23M 8.24% | 147.87K | 0.00 | 0.00 |
ETFS GOLD TRSOLE | PHYSCL GOLD SHS | 324.36K | SH | $12.40M 7.72% | 324.36K | 0.00 | 0.00 |
MOLINA HEALTHCARE INCSOLE | COM | 53.39K | SH | $12.21M 7.60% | 53.39K | 0.00 | 0.00 |
ALLISON TRANSMISSION HLDGS ISOLE | COM | 106.54K | SH | $12.01M 7.48% | 106.54K | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 68.61K | SH | $11.17M 6.96% | 68.61K | 0.00 | 0.00 |
AUTONATION INCSOLE | COM | 58.26K | SH | $10.82M 6.74% | 58.26K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 252.30K | SH | $10.70M 6.66% | 252.30K | 0.00 | 0.00 |
NATURAL RESOURCE PARTNERS LPSOLE | COM UNIT LTD PAR | 85.46K | SH | $8.29M 5.16% | 85.46K | 0.00 | 0.00 |
RANGE RES CORPSOLE | COM | 218.52K | SH | $8.13M 5.06% | 218.52K | 0.00 | 0.00 |
TRIPLE FLAG PRECIOUS METALSOLE | COM | 189.49K | SH | $5.68M 3.54% | 189.49K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | ORD SHS A | 149.04K | SH | $5.56M 3.46% | 149.04K | 0.00 | 0.00 |
CAL MAINE FOODS INCSOLE | COM NEW | 68.69K | SH | $5.53M 3.45% | 68.69K | 0.00 | 0.00 |
UNITED STS BRENT OIL FD LPSOLE | UNIT | 96.32K | SH | $3.92M 2.44% | 96.32K | 0.00 | 0.00 |
HELMERICH & PAYNE INCSOLE | COM | 118.20K | SH | $3.87M 2.41% | 118.20K | 0.00 | 0.00 |
ANTERO RESOURCES CORPSOLE | COM | 100.14K | SH | $3.52M 2.19% | 100.14K | 0.00 | 0.00 |
OPENLANE INCSOLE | COM | 79.54K | SH | $3.28M 2.04% | 79.54K | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 32.10K | SH | $2.32M 1.44% | 32.10K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 96.19K | SH | $1.84M 1.15% | 96.19K | 0.00 | 0.00 |
PLAINS ALL AMERN PIPELINE LSOLE | UNIT LTD PARTN | 81.96K | SH | $1.82M 1.14% | 81.96K | 0.00 | 0.00 |
COMPASS MINERALS INTL INCSOLE | COM | 55.76K | SH | $1.74M 1.08% | 55.76K | 0.00 | 0.00 |
SEADRILL LTDSOLE | COM | 36.55K | SH | $1.38M 0.86% | 36.55K | 0.00 | 0.00 |
INSTEEL INDS INCSOLE | COM | 44.26K | SH | $1.34M 0.83% | 44.26K | 0.00 | 0.00 |
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL SILVER | 67.32K | SH | $1.27M 0.79% | 67.32K | 0.00 | 0.00 |
DAVITA INCSOLE | COM | 5.31K | SH | $1.18M 0.74% | 5.31K | 0.00 | 0.00 |
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