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MLIM

Mountain Lake Investment Management Portfolio holdings

AUM $161M
1-Year Est. Return 33.98%
This Fund
S&P 500
This Quarter Est. Return
+0.65%
1 Year Est. Return
+33.98%
3 Year Est. Return
+63.99%
5 Year Est. Return
+146.45%
10 Year Est. Return
+468.22%
AUM
$161M
AUM Growth
+$5.77M
Cap. Flow
+$11.7M
Cap. Flow %
7.27%
Top 10 Hldgs %
70.22%
Holding
33
New
4
Increased
13
Reduced
9
Closed
2

Top Buys

Rank Stock Value
1
BNO icon
United States Brent Oil Fund
BNO
+$4.91M
2
CALM icon
Cal-Maine
CALM
+$3.95M
3
BLDR icon
Builders FirstSource
BLDR
+$3.45M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.19M
5
UBER icon
Uber
UBER
+$2.35M

Top Sells

Rank Stock Value
1
AGM icon
Federal Agricultural Mortgage
AGM
+$6.36M
2
NE icon
Noble Corp
NE
+$2.81M
3
VAL icon
Valaris
VAL
+$811K
4
SDRL icon
Seadrill
SDRL
+$711K
5
ALSN icon
Allison Transmission
ALSN
+$639K

Sector Composition

Rank Sector Weight
1 Energy 28.25%
2 Consumer Discretionary 23.78%
3 Miscellaneous 20.01%
4 Industrials 9.07%
5 Healthcare 8.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHYS icon
1
Sprott Physical Gold
PHYS
$15.9B
$13.8M 8.58%
456,819
+6,475
+1% +$221K
BLDR icon
2
Builders FirstSource
BLDR
$7B
$13.2M 8.24%
147,867
+43,226
+41% +$3.45M
SGOL icon
3
abrdn Physical Gold Shares ETF
SGOL
$7.4B
$12.4M 7.72%
324,355
-563
-0.2% -$24.2K
MOH icon
4
Molina Healthcare
MOH
$10.5B
$12.2M 7.6%
53,394
+2,776
+5% +$503K
ALSN icon
5
Allison Transmission
ALSN
$10.8B
$12M 7.48%
106,541
-5,262
-5% -$639K
DHI icon
6
D.R. Horton
DHI
$40B
$11.2M 6.96%
68,606
+3,016
+5% +$450K
AN icon
7
AutoNation
AN
$6.94B
$10.8M 6.74%
58,257
+1,812
+3% +$354K
VNOM icon
8
Viper Energy
VNOM
$15.9B
$10.7M 6.66%
252,304
-3,835
-1% -$177K
NRP icon
9
Natural Resource Partners
NRP
$1.49B
$8.29M 5.16%
85,464
+8,791
+11% +$964K
RRC icon
10
Range Resources
RRC
$9.79B
$8.13M 5.06%
218,523
+4,008
+2% +$163K
TFPM icon
11
Triple Flag Precious Metals
TFPM
$7.02B
$5.68M 3.54%
189,488
+99,285
+110% +$3.19M
NE icon
12
Noble Corp
NE
$7.28B
$5.56M 3.46%
149,036
-58,759
-28% -$2.81M
CALM icon
13
Cal-Maine
CALM
$3.5B
$5.53M 3.45%
68,685
+51,180
+292% +$3.95M
BNO icon
14
United States Brent Oil Fund
BNO
$686M
$3.92M 2.44%
+96,318
New +$4.91M
HP icon
15
Helmerich & Payne
HP
$4.43B
$3.87M 2.41%
118,197
– –
AR icon
16
Antero Resources
AR
$12.1B
$3.52M 2.19%
100,137
+945
+1% +$34.8K
OPLN
17
Openlane
OPLN
$4.31B
$3.28M 2.04%
79,537
– –
UBER icon
18
Uber
UBER
$154B
$2.32M 1.44%
+32,098
New +$2.35M
ET icon
19
Energy Transfer Partners
ET
$73.7B
$1.84M 1.15%
96,190
-3,095
-3% -$59.9K
PAA icon
20
Plains All American Pipeline
PAA
$18.1B
$1.82M 1.14%
81,960
-4,277
-5% -$95.1K
CMP icon
21
Compass Minerals
CMP
$1.07B
$1.74M 1.08%
55,756
+120
+0.2% +$3.39K
SDRL icon
22
Seadrill
SDRL
$3.05B
$1.38M 0.86%
36,555
-15,257
-29% -$711K
IIIN icon
23
Insteel Industries
IIIN
$603M
$1.34M 0.83%
+44,260
New +$1.27M
PSLV icon
24
Sprott Physical Silver Trust
PSLV
$13.7B
$1.27M 0.79%
67,321
+447
+0.7% +$10.5K
DVA icon
25
DaVita
DVA
$11.6B
$1.18M 0.74%
5,312
-1,841
-26% -$335K
1
2

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AFA
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EB
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FFWM
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SAM
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Mountain Lake Investment Management's Q2 2026 Portfolio in Review

As of Q2 2026, Mountain Lake Investment Management held 33 positions worth $161M, up 3.7% from $155M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Mountain Lake Investment Management deployed $11.7M of net new capital in Q2 2026, opening 4 new positions and adding to 13 existing holdings. Its largest new stake was United States Brent Oil Fund: 96,318 shares worth $3.92M.

By sector, the portfolio is most concentrated in Energy at 28% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.

On the sell side, the largest reduction was Noble Corp, an estimated $2.81M trimmed.

  • Mountain Lake Investment Management's largest Q2 2026 buy was United States Brent Oil Fund: 96,318 shares worth $3.92M.
  • Mountain Lake Investment Management added most to Cal-Maine in Q2 2026, an estimated $3.95M increase.
  • Mountain Lake Investment Management's biggest Q2 2026 reduction was Noble Corp, cutting an estimated $2.81M.
  • Mountain Lake Investment Management fully exited Federal Agricultural Mortgage in Q2 2026, selling an estimated $6.36M.
  • Mountain Lake Investment Management's ten largest holdings make up 70% of its $161M portfolio in Q2 2026.
  • Mountain Lake Investment Management opened 4 new positions and closed 2 in Q2 2026.
  • Mountain Lake Investment Management's portfolio value rose 3.7% quarter-over-quarter to $161M.

Based on Mountain Lake Investment Management's 13F filing for Q2 2026, filed 14 Aug 2026.