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Mountain Lake Investment Management LLC

Q2 2025 · Filed 2025-08-14
Market Value
$106M
+13.0%
Holdings
32
-3
New Purchases
4
Added To
11
Closed
7
Reduced
6
Top 10 Concentration
79.7%
Turnover
34.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DHI 8.98% 0.00% +8.98% $10M
BLDR 8.94% 7.37% +1.57% $9M
PAA 1.53% 0.00% +1.53% $2M
AN 9.84% 8.51% +1.33% $10M
ET 1.98% 0.83% +1.14% $2M
NRP 3.39% 2.45% +0.94% $4M
ALSN 0.87% 0.00% +0.87% $923K
TFPM.TO 1.74% 1.00% +0.75% $2M
FRPH 1.70% 1.18% +0.51% $2M
ALGT 7.66% 7.16% +0.50% $8M
VAL 1.35% 0.96% +0.39% $1M
PSLV 0.73% 0.37% +0.36% $777K
ALCO 0.32% 0.00% +0.32% $335K
PPLT 1.62% 1.36% +0.26% $2M
EOG 5.54% 5.30% +0.24% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAR 0.00% 8.76% -8.76% $0
HTZ 0.00% 2.14% -2.14% $0
AR 3.07% 5.12% -2.05% $3M
SGOL 15.36% 16.85% -1.48% $16M
SYY 0.00% 0.97% -0.97% $0
BTU 0.75% 1.66% -0.91% $796K
PHYS 11.74% 12.60% -0.85% $12M
GDX 0.00% 0.58% -0.58% $0
OPLN 1.50% 2.06% -0.56% $2M
MTN 0.00% 0.34% -0.34% $0
PDS 2.75% 3.07% -0.32% $3M
GDXJ 0.00% 0.31% -0.31% $0
NE 5.19% 5.48% -0.29% $5M
JOE 0.84% 0.94% -0.09% $892K
OZK 1.56% 1.64% -0.09% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 9 $36M 33.6%
Mid Cap 16 $54M 50.6%
Small Cap 7 $17M 15.8%

Portfolio Analytics

Avg Market Cap
$12.9B
Median Market Cap
$6.7B
Avg P/E
43.7
Median P/E
14.9
Avg Dividend Yield
0.02%
Avg Beta
0.84
# Stocks
26
# ETFs / Funds
6

Top Holdings (32 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SGOL 15.36% 515,933 $16M $31.54 $486K -13,469 -2.5%
2 PHYS 11.74% 490,593 $12M $25.35 $633K
3 AN 9.84% 52,458 $10M $198.65 $2M +3,233 +6.6%
4 DHI 8.98% 73,790 $10M $128.92 +73,790 NEW
5 BLDR 8.94% 81,145 $9M $116.69 $3M +25,861 +46.8%
6 ALGT 7.66% 147,702 $8M $54.95 $1M +17,763 +13.7%
7 EOG 5.54% 49,035 $6M $119.61 $901K +10,324 +26.7%
8 NE 5.19% 207,123 $5M $26.55 $364K -9,534 -4.4%
9 NRP 3.39% 37,550 $4M $95.51 $1M +15,449 +69.9%
10 AR 3.07% 80,720 $3M $40.28 -$2M -37,949 -32.0%
11 PDS 2.75% 61,712 $3M $47.24 $40K
12 ET 1.98% 115,617 $2M $18.13 $1M +73,568 +175.0%
13 TFPM.TO 1.74% 77,979 $2M $23.69 $915K +29,288 +60.1%
14 FRPH 1.70% 66,799 $2M $26.89 $689K +28,050 +72.4%
15 PPLT 1.62% 13,960 $2M $122.87 $440K
16 OZK 1.56% 35,026 $2M $47.06 $109K -404 -1.1%
17 PAA 1.53% 88,281 $2M $18.32 +88,281 NEW
18 OPLN 1.50% 65,036 $2M $24.45 -$342K -35,177 -35.1%
19 VAL 1.35% 33,925 $1M $42.11 $530K +11,025 +48.1%
20 CNR 1.04% 15,766 $1M $69.74 $213K +4,266 +37.1%
21 ALSN 0.87% 9,713 $923K $94.99 +9,713 NEW
22 JOE 0.84% 18,708 $892K $47.70 $14K
23 BTU 0.75% 59,345 $796K $13.42 -$757K -55,293 -48.2%
24 PSLV 0.73% 63,476 $777K $12.24 $429K +33,476 +111.6%
25 ALCO 0.32% 10,236 $335K $32.68 +10,236 NEW
26 GDX —% -$543K -11,804 -100.0% SOLD
27 GDXJ —% -$290K -5,072 -100.0% SOLD
28 MTN —% -$320K -2,000 -100.0% SOLD
29 CAR —% -$8M -108,185 -100.0% SOLD
30 HTZ —% -$2M -509,461 -100.0% SOLD
31 UROY —% -$35K -20,000 -100.0% SOLD
32 SYY —% -$908K -12,099 -100.0% SOLD

New Positions

SymbolValue% Port
DHI $10M 8.98%
PAA $2M 1.53%
ALSN $923K 0.87%
ALCO $335K 0.32%

Sold Out Positions

SymbolValue% Port
MTN —%
SYY —%
CAR —%
HTZ —%
GDXJ —%
UROY —%
GDX —%
View SEC EDGAR Filings for Mountain Lake Investment Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms