Mountain Lake Investment Management LLC Top Holdings and 13F Report (2024)

→ Elon Musk: THIS will be bigger than Tesla (From Paradigm Press) (Ad)

About Mountain Lake Investment Management LLC

Investment Activity

Mountain Lake Investment Management LLC has $96.44 million in total holdings as of March 31, 2024.
Mountain Lake Investment Management LLC owns shares of 21 different stocks, but just 11 companies or ETFs make up 80% of its holdings.
Approximately 7.23% of the portfolio was purchased this quarter.
About 16.57% of the portfolio was sold this quarter.
This quarter, Mountain Lake Investment Management LLC has purchased 17 new stocks and bought additional shares in 5 stocks.
Mountain Lake Investment Management LLC sold shares of 8 stocks and completely divested from 1 stock this quarter.

Largest Holdings

abrdn Physical Gold Shares ETF: $13,275,000
Sitio Royalties: $9,270,000
Allegiant Travel: $8,874,780
Seadrill: $8,198,900
Noble: $7,928,115

Largest New Holdings this Quarter

AutoNation: $1,324,640 Holding
VanEck Junior Gold Miners ETF: $968,500 Holding
OPENLANE: $865,000 Holding
Sprott: $554,400 Holding
FRP: $307,000 Holding

Largest Purchases this Quarter

Asbury Automotive Group: 8,500 shares (about $2.00M)
AutoNation: 8,000 shares (about $1.32M)
VanEck Junior Gold Miners ETF: 25,000 shares (about $968.50K)
OPENLANE: 50,000 shares (about $865K)
Sprott: 15,000 shares (about $554.40K)

Largest Sales this Quarter

Vista Outdoor: 137,500 shares (about $4.51M)
Precision Drilling: 36,450 shares (about $2.45M)
NexGen Energy: 227,000 shares (about $1.76M)
Seadrill: 25,300 shares (about $1.27M)
Antero Resources: 29,500 shares (about $855.50K)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SGOL abrdn Physical Gold Shares ETF	$13,275,000	$42,480 ▲	0.3%	625,000	13.8%	ETF
STR Sitio Royalties	$9,270,000		0.0%	375,000	9.6%	Oils/Energy
ALGT Allegiant Travel	$8,874,780		0.0%	118,000	9.2%	Transportation
SDRL Seadrill	$8,198,900	$1,272,590 ▼	-13.4%	163,000	8.5%	Oils/Energy
NE Noble	$7,928,115	$703,105 ▼	-8.1%	163,500	8.2%	Oils/Energy
NXE NexGen Energy	$7,886,550	$1,763,790 ▼	-18.3%	1,015,000	8.2%	Basic Materials
SPROTT PHYSICAL GOLD TR	$6,055,000	$553,600 ▲	10.1%	350,000	6.3%	UNIT
AR Antero Resources	$5,829,000	$855,500 ▼	-12.8%	201,000	6.0%	Oils/Energy
PDS Precision Drilling	$4,979,460	$2,452,721 ▼	-33.0%	74,000	5.2%	Oils/Energy
VSTO Vista Outdoor	$4,425,300	$4,507,250 ▼	-50.5%	135,000	4.6%	Consumer Discretionary
ABG Asbury Automotive Group	$4,361,930	$2,004,130 ▲	85.0%	18,500	4.5%	Retail/Wholesale
TFPM Triple Flag Precious Metals	$3,973,750	$72,250 ▲	1.9%	275,000	4.1%	Basic Materials
URNJ Sprott Junior Uranium Miners ETF	$2,601,489		0.0%	102,300	2.7%	ETF
BLDR Builders FirstSource	$2,471,318	$281,543 ▲	12.9%	11,850	2.6%	Retail/Wholesale
COST Costco Wholesale	$1,443,281	$40,295 ▼	-2.7%	1,970	1.5%	Retail/Wholesale
AN AutoNation	$1,324,640	$1,324,640 ▲	New Holding	8,000	1.4%	Retail/Wholesale
GDXJ VanEck Junior Gold Miners ETF	$968,500	$968,500 ▲	New Holding	25,000	1.0%	ETF
KAR OPENLANE	$865,000	$865,000 ▲	New Holding	50,000	0.9%	Auto/Tires/Trucks
SA Seabridge Gold	$846,720	$136,080 ▼	-13.8%	56,000	0.9%	Basic Materials
SII Sprott	$554,400	$554,400 ▲	New Holding	15,000	0.6%	Finance
FRPH FRP	$307,000	$307,000 ▲	New Holding	5,000	0.3%	Finance
EQT EQT	$0	$4,252,600 ▼	-100.0%	0	0.0%	Oils/Energy