— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Mountain Lake Investment Management LLC

Q4 2025 · Filed 2026-02-17
Market Value
$127M
-2.1%
Holdings
27
-3
New Purchases
2
Added To
6
Closed
5
Reduced
14
Top 10 Concentration
79.7%
Turnover
25.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ALGT 8.48% 6.40% +2.08% $11M
ALSN 8.45% 6.52% +1.93% $11M
NRP 5.36% 3.69% +1.67% $7M
PHYS 11.71% 10.54% +1.17% $15M
DVA 0.76% 0.00% +0.76% $971K
PSLV 1.96% 1.21% +0.75% $2M
CMP 0.37% 0.00% +0.37% $469K
HP 2.67% 2.32% +0.35% $3M
TFPM.TO 1.90% 1.68% +0.22% $2M
NE 5.14% 4.94% +0.20% $7M
PPLT 1.67% 1.48% +0.19% $2M
OPLN 1.12% 0.99% +0.14% $1M
AR 2.69% 2.63% +0.06% $3M
PAA 1.22% 1.16% +0.06% $2M
VNOM 7.64% 7.59% +0.05% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CNC 0.00% 2.29% -2.29% $0
SGOL 11.72% 13.01% -1.30% $15M
DHI 6.78% 8.02% -1.25% $9M
CI 0.00% 1.14% -1.14% $0
CNR 0.00% 1.13% -1.13% $0
EOG 3.41% 4.32% -0.90% $4M
BTU 0.00% 0.70% -0.70% $0
AN 7.64% 8.20% -0.56% $10M
BLDR 6.79% 7.15% -0.36% $9M
WES 0.00% 0.25% -0.25% $0
ET 1.29% 1.45% -0.16% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 12 $48M 37.5%
Mid Cap 12 $61M 48.3%
Small Cap 3 $18M 14.2%

Portfolio Analytics

Avg Market Cap
$17.6B
Median Market Cap
$8.8B
Avg P/E
23.6
Median P/E
14.3
Avg Dividend Yield
0.02%
Avg Beta
0.66
# Stocks
23
# ETFs / Funds
4

Top Holdings (27 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SGOL 11.72% 362,721 $15M $41.08 -$2M -96,380 -21.0%
2 PHYS 11.71% 451,183 $15M $33.02 $1M -10,957 -2.4%
3 ALGT 8.48% 126,494 $11M $85.27 $2M -10,208 -7.5%
4 ALSN 8.45% 109,791 $11M $97.90 $2M +9,968 +10.0%
5 VNOM 7.64% 251,563 $10M $38.63 -$136K -6,245 -2.4%
6 AN 7.64% 47,032 $10M $206.48 -$939K -1,652 -3.4%
7 BLDR 6.79% 83,944 $9M $102.89 -$646K +7,382 +9.6%
8 DHI 6.78% 59,850 $9M $144.03 -$2M -1,653 -2.7%
9 NRP 5.36% 65,330 $7M $104.40 $2M +19,708 +43.2%
10 NE 5.14% 231,491 $7M $28.24 $122K +4,638 +2.0%
11 EOG 3.41% 41,348 $4M $105.01 -$1M -8,640 -17.3%
12 AR 2.69% 99,192 $3M $34.46 $8K -2,416 -2.4%
13 HP 2.67% 118,197 $3M $28.68 $377K -18,196 -13.3%
14 PSLV 1.96% 105,376 $2M $23.65 $924K +5,468 +5.5%
15 TFPM.TO 1.90% 72,712 $2M $33.22 $235K -1,804 -2.4%
16 PPLT 1.67% 11,383 $2M $186.43 $202K -2,057 -15.3%
17 ET 1.29% 99,285 $2M $16.49 -$247K -10,489 -9.6%
18 VAL 1.24% 31,192 $2M $50.40 $13K -782 -2.5%
19 PAA 1.22% 86,237 $2M $17.96 $43K -2,044 -2.3%
20 OPLN 1.12% 48,036 $1M $29.78 $150K +3,543 +8.0%
21 DVA 0.76% 8,547 $971K $113.61 +8,547 NEW
22 CMP 0.37% 23,905 $469K $19.64 +23,905 NEW
23 CNR —% -$1M -17,643 -100.0% SOLD
24 CI —% -$1M -5,144 -100.0% SOLD
25 CNC —% -$3M -83,402 -100.0% SOLD
26 WES —% -$329K -8,363 -100.0% SOLD
27 BTU —% -$913K -34,420 -100.0% SOLD

New Positions

SymbolValue% Port
DVA $971K 0.76%
CMP $469K 0.37%

Sold Out Positions

SymbolValue% Port
CNR —%
WES —%
CNC —%
CI —%
BTU —%
View SEC EDGAR Filings for Mountain Lake Investment Management LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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