Mountain Lake Investment Management’s Sprott Physical Gold PHYS Stock Holding History

Mountain Lake Investment Management’s Portfolio PHYS Stock Details PHYS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$13.8M	Buy	456,819 +6,475	+1%	+$221K	8.58%	1
2026 Q1	$16M	Sell	450,344 -839	-0.2%	-$31K	10.31%	1
2025 Q4	$14.9M	Sell	451,183 -10,957	-2%	-$347K	11.32%	2
2025 Q3	$13.7M	Sell	462,140 -28,453	-6%	-$755K	10.19%	2
2025 Q2	$12.4M	Hold	490,593	–	–	10.35%	2
2025 Q1	$11.8M	Buy	490,593 +114,593	+30%	+$2.54M	11.11%	2
2024 Q4	$7.57M	Buy	376,000 +11,000	+3%	+$226K	8.72%	3
2024 Q3	$7.44M	Hold	365,000	–	–	7.82%	4
2024 Q2	$6.59M	Buy	365,000 +15,000	+4%	+$272K	6.91%	7
2024 Q1	$6.05M	Buy	350,000 +32,000	+10%	+$513K	6.28%	7
2023 Q4	$5.07M	Sell	318,000 -32,000	-9%	-$492K	5.18%	10
2023 Q3	$5.01M	Sell	350,000 -10,000	-3%	-$150K	4.02%	13
2023 Q2	$5.37M	Sell	360,000 -22,000	-6%	-$340K	3.36%	13
2023 Q1	$5.91M	Hold	382,000	–	–	5.39%	9
2022 Q4	$5.39M	Sell	382,000 -13,000	-3%	-$174K	4.09%	12
2022 Q3	$5.06M	Hold	395,000	–	–	4.3%	11
2022 Q2	$5.6M	Buy	395,000 +45,000	+13%	+$663K	4.79%	9
2022 Q1	$5.38M	Buy	350,000 +150,000	+75%	+$2.22M	3.25%	15
2021 Q4	$2.87M	Buy	200,000 +25,000	+14%	+$353K	1.37%	18
2021 Q3	$2.42M	Hold	175,000	–	–	1.05%	18
2021 Q2	$2.46M	Sell	175,000 -155,000	-47%	-$2.23M	1.2%	23
2021 Q1	$4.42M	Sell	330,000 -20,000	-6%	-$284K	2.48%	17
2020 Q4	$5.28M	Sell	350,000 -8,000	-2%	-$119K	3.48%	12
2020 Q3	$5.39M	Buy	358,000 +8,000	+2%	+$122K	3.66%	11
2020 Q2	$5.01M	Buy	+350,000	New	+$4.83M	3.6%	12
2014 Q4	–	Sell	-49,263	Closed	-$491K	–	43
2014 Q3	$491K	Buy	49,263 +19,650	+66%	+$208K	0.32%	35
2014 Q2	$326K	Hold	29,613	–	–	0.21%	38
2014 Q1	$316K	Hold	29,613	–	–	0.23%	32
2013 Q4	$295K	Sell	29,613 -460,887	-94%	-$4.86M	0.2%	31
2013 Q3	$5.41M	Buy	490,500 +27,148	+6%	+$301K	3.75%	11
2013 Q2	$4.75M	Buy	+463,352	New	+$5.47M	3.55%	13

Other funds holding PHYS

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

CTC

Central Trust Company Jefferson City, Missouri $5.53B AUM 28.94% 1-Year Est. Return

FDCDDQ

Federation des caisses Desjardins du Quebec Levis, Quebec, Canada $32.7B AUM 35.71% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

HWA

Heritage Wealth Advisors Richmond, Virginia $2.91B AUM 24.25% 1-Year Est. Return

PHS

Pekin Hardy Strauss Chicago, Illinois $1.14B AUM 37.36% 1-Year Est. Return

Evanson Financial Mclean, Virginia $2.04B AUM

JAM

Jupiter Asset Management London, United Kingdom $20.2B AUM 29.18% 1-Year Est. Return

IMC Chicago Chicago, Illinois $419B AUM 72.04% 1-Year Est. Return

Cambridge Investment Research Advisors Fairfield, Iowa $44.6B AUM 28.94% 1-Year Est. Return

Mountain Lake Investment Management's PHYS Position: Q2 2026 in Review

Mountain Lake Investment Management increased its Sprott Physical Gold (PHYS) stake by 1.4% in Q2 2026, buying an estimated $221K and bringing the position to 456,819 shares worth $13.8M. The position accounts for 8.58% of the portfolio, ranked #1.

Mountain Lake Investment Management first reported a position in PHYS in Q2 2013 and has held it in 31 quarters since. The position peaked at $16M in Q1 2026. 652 funds tracked by Wall St. Rank hold PHYS as of Q2 2026.

Mountain Lake Investment Management held 456,819 shares of Sprott Physical Gold worth $13.8M as of Q2 2026.
Mountain Lake Investment Management bought 6,475 Sprott Physical Gold shares in Q2 2026, an estimated $221K.
Sprott Physical Gold made up 8.58% of Mountain Lake Investment Management's portfolio in Q2 2026, its #1 holding.
Mountain Lake Investment Management first reported a position in Sprott Physical Gold in Q2 2013 and has held it in 31 quarters since.
Mountain Lake Investment Management's Sprott Physical Gold position peaked at $16M in Q1 2026.
652 funds tracked by Wall St. Rank held Sprott Physical Gold as of Q2 2026.

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