Mountain Lake Investment Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natural Resource Partners
NRP
|
+$2.06M |
| 2 |
DaVita
DVA
|
+$1.04M |
| 3 |
Allison Transmission
ALSN
|
+$874K |
| 4 |
Builders FirstSource
BLDR
|
+$830K |
| 5 |
Compass Minerals
CMP
|
+$442K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
abrdn Physical Gold Shares ETF
SGOL
|
+$3.81M |
| 2 |
Centene
CNC
|
+$2.98M |
| 3 |
Cigna
CI
|
+$1.48M |
| 4 |
CNR
Core Natural Resources Inc
CNR
|
+$1.47M |
| 5 |
EOG Resources
EOG
|
+$928K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 32.98% |
| 2 | Consumer Discretionary | 23.18% |
| 3 | Industrials | 14.76% |
| 4 | Materials | 2.19% |
| 5 | Healthcare | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Centene
CNC
$33.1B
| – | – |
-83,402
| Closed | -$2.98M |
|
27
Western Midstream Partners
WES
$19.9B
| – | – |
-8,363
| Closed | -$329K |
|
|
CNR
28
Core Natural Resources Inc
CNR
$4.71B
| – | – |
-17,643
| Closed | -$1.47M |
|
Similar funds
Mountain Lake Investment Management's Q4 2025 Portfolio in Review
As of Q4 2025, Mountain Lake Investment Management held 28 positions worth $132M, down 2% from $134M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Mountain Lake Investment Management withdrew a net $10M in Q4 2025, closing 5 positions and reducing 15 holdings. Its most notable exit was Centene, an estimated $2.98M position sold in full.
By sector, the portfolio is most concentrated in Energy at 33% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Mountain Lake Investment Management opened a new position in DaVita worth $971K.
- Mountain Lake Investment Management's largest Q4 2025 buy was DaVita: 8,547 shares worth $971K.
- Mountain Lake Investment Management added most to Natural Resource Partners in Q4 2025, an estimated $2.06M increase.
- Mountain Lake Investment Management's biggest Q4 2025 reduction was abrdn Physical Gold Shares ETF, cutting an estimated $3.81M.
- Mountain Lake Investment Management fully exited Centene in Q4 2025, selling an estimated $2.98M.
- Mountain Lake Investment Management's ten largest holdings make up 77% of its $132M portfolio in Q4 2025.
- Mountain Lake Investment Management opened 2 new positions and closed 5 in Q4 2025.
- Mountain Lake Investment Management's portfolio value fell 2% quarter-over-quarter to $132M.
Based on Mountain Lake Investment Management's 13F filing for Q4 2025, filed 17 Feb 2026.