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MLIM
Mountain Lake Investment Management Portfolio holdings
AUM
$155M
1-Year Est. Return
38.76%
This Fund
S&P 500
This Quarter
Est. Return
+8.57%
1 Year Est. Return
+38.76%
3 Year Est. Return
+79.46%
5 Year Est. Return
+200.68%
10 Year Est. Return
+519.62%
AUM
$132M
AUM Growth
-$65.3M
(-33%)
Cap. Flow
-$75.9M
Cap. Flow
% of AUM
-57.33%
Top 10 Holdings %
Top 10 Hldgs %
79.61%
Holding
19
New
–
Increased
–
Reduced
17
Closed
2
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Koppers
KOP
|
+$11.9M |
| 2 |
Allegiant Air
ALGT
|
+$9.85M |
| 3 |
Quanta Services
PWR
|
+$8.36M |
| 4 |
Viasat
VSAT
|
+$7.69M |
| 5 |
SAVE
Spirit Airlines, Inc.
SAVE
|
+$7.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 37.25% |
| 2 | Energy | 33.72% |
| 3 | Materials | 15.84% |
| 4 | Technology | 13.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Allegiant Air
ALGT
$2.58B
| $15.8M | 11.9% |
90,500
-59,500
| -40% | -$9.85M |
|
|
2
Viasat
VSAT
$11B
| $14.1M | 10.64% |
192,500
-107,500
| -36% | -$7.69M |
|
|
SAVE
3
DELISTED
Spirit Airlines, Inc.
SAVE
| $12.7M | 9.59% |
315,000
-185,000
| -37% | -$7.03M |
|
|
4
Quanta Services
PWR
$101B
| $12M | 9.07% |
295,000
-205,000
| -41% | -$8.36M |
|
5
NOV
NOV
$7.07B
| $10.2M | 7.72% |
408,000
-242,000
| -37% | -$5.45M |
|
|
CNR
6
Core Natural Resources Inc
CNR
$4.38B
| $9.43M | 7.12% |
650,000
-200,000
| -24% | -$2.76M |
|
|
7
Koppers
KOP
$961M
| $9.04M | 6.83% |
236,500
-338,500
| -59% | -$11.9M |
|
8
Antero Midstream
AM
$10.2B
| $8.73M | 6.59% |
1,150,000
-25,000
| -2% | -$158K |
|
|
B
9
Barrick Mining
B
$73.3B
| $6.72M | 5.08% |
361,700
-188,300
| -34% | -$3.23M |
|
|
VSTO
10
DELISTED
Vista Outdoor Inc.
VSTO
| $6.7M | 5.06% |
895,000
-605,000
| -40% | -$4.54M |
|
11
Alliance Resource Partners
ARLP
$3.17B
| $6.58M | 4.97% |
608,500
-316,500
| -34% | -$3.8M |
|
|
PDS
12
Precision Drilling
PDS
$981M
| $6.23M | 4.71% |
222,500
-102,500
| -32% | -$2.35M |
|
13
Antero Resources
AR
$10.8B
| $3.45M | 2.61% |
1,210,000
-340,000
| -22% | -$868K |
|
14
BlackBerry
BB
$5.25B
| $3.37M | 2.55% |
525,000
-275,000
| -34% | -$1.51M |
|
|
SIRE
15
DELISTED
Sisecam Resources LP
SIRE
| $3.12M | 2.36% |
180,000
-95,000
| -35% | -$1.71M |
|
16
Concrete Pumping Holdings
BBCP
$489M
| $2.15M | 1.63% |
394,000
-106,000
| -21% | -$432K |
|
17
Newmont
NEM
$118B
| $2.09M | 1.58% |
48,000
-2,000
| -4% | -$78.2K |
|
|
CTRA
18
DELISTED
Coterra Energy
CTRA
| – | – |
-150,000
| Closed | -$2.64M |
|
|
CCR
19
DELISTED
CONSOL Coal Resources LP
CCR
| – | – |
-115,000
| Closed | -$1.55M |
|
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Mountain Lake Investment Management's Q4 2019 Portfolio in Review
As of Q4 2019, Mountain Lake Investment Management held 19 positions worth $132M, down 33% from $198M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Mountain Lake Investment Management withdrew a net $75.9M in Q4 2019, closing 2 positions and reducing 17 holdings. Its most notable exit was Coterra Energy, an estimated $2.64M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 37% of assets, up from 36% a quarter earlier, followed by Energy and Materials.
- Mountain Lake Investment Management's biggest Q4 2019 reduction was Koppers, cutting an estimated $11.9M.
- Mountain Lake Investment Management fully exited Coterra Energy in Q4 2019, selling an estimated $2.64M.
- Mountain Lake Investment Management's ten largest holdings make up 80% of its $132M portfolio in Q4 2019.
- Mountain Lake Investment Management opened 0 new positions and closed 2 in Q4 2019.
- Mountain Lake Investment Management's portfolio value fell 33% quarter-over-quarter to $132M.
Based on Mountain Lake Investment Management's 13F filing for Q4 2019, filed 14 Feb 2020.