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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
+6.98%
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
$125M
AUM Growth
-$35.5M
(-22%)
Cap. Flow
-$38.2M
Cap. Flow
% of AUM
-30.68%
Top 10 Holdings %
Top 10 Hldgs %
78.87%
Holding
16
New
–
Increased
3
Reduced
13
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allegiant Air
ALGT
|
+$565K |
| 2 |
VSTO
Vista Outdoor Inc.
VSTO
|
+$295K |
| 3 |
Sprott Junior Uranium Miners ETF
URNJ
|
+$18.9K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDS
Precision Drilling
PDS
|
+$2.21M |
| 2 |
EQT Corp
EQT
|
+$1.06M |
| 3 |
STR
Sitio Royalties
STR
|
+$776K |
| 4 |
Noble Corp
NE
|
+$763K |
| 5 |
Antero Resources
AR
|
+$735K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 49.2% |
| 2 | Industrials | 15.64% |
| 3 | Materials | 3.26% |
| 4 | Consumer Staples | 1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$481B
| $12.5M | 10.06% |
35,000
-50,000
| -59% | -$18.5M |
|
2
abrdn Physical Gold Shares ETF
SGOL
$7.41B
| $11.9M | 9.58% |
675,000
-8,000
| -1% | -$147K |
|
|
VSTO
3
DELISTED
Vista Outdoor Inc.
VSTO
| $10.3M | 8.24% |
310,000
+10,000
| +3% | +$295K |
|
|
STR
4
DELISTED
Sitio Royalties
STR
| $10.1M | 8.12% |
417,843
-30,157
| -7% | -$776K |
|
|
5
Noble Corp
NE
$6.51B
| $9.65M | 7.74% |
190,529
-14,971
| -7% | -$763K |
|
|
PDS
6
Precision Drilling
PDS
$974M
| $9.38M | 7.53% |
139,800
-34,700
| -20% | -$2.21M |
|
7
NexGen Energy
NXE
$6.99B
| $9.27M | 7.44% |
1,552,000
-81,000
| -5% | -$419K |
|
|
8
Allegiant Air
ALGT
$2.57B
| $9.22M | 7.4% |
120,000
+5,500
| +5% | +$565K |
|
9
Seadrill
SDRL
$2.7B
| $8.87M | 7.11% |
197,931
-13,869
| -7% | -$645K |
|
|
10
Antero Resources
AR
$10.7B
| $7.03M | 5.64% |
277,000
-28,500
| -9% | -$735K |
|
|
11
EQT Corp
EQT
$32.3B
| $7M | 5.62% |
172,500
-25,500
| -13% | -$1.06M |
|
12
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $6.41M | 5.15% |
15,000
-30,000
| -67% | -$13.3M |
|
13
Sprott Physical Gold
PHYS
$15.7B
| $5.01M | 4.02% |
350,000
-10,000
| -3% | -$150K |
|
14
Triple Flag Precious Metals
TFPM
$6.72B
| $4.07M | 3.26% |
311,260
-18,740
| -6% | -$251K |
|
|
15
Sprott Junior Uranium Miners ETF
URNJ
$358M
| $2.58M | 2.07% |
109,000
+1,000
| +0.9% | +$18.9K |
|
16
Costco
COST
$420B
| $1.25M | 1% |
2,216
-134
| -6% | -$74K |
|
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Mountain Lake Investment Management's Q3 2023 Portfolio in Review
As of Q3 2023, Mountain Lake Investment Management held 16 positions worth $125M, down 22% from $160M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Mountain Lake Investment Management withdrew a net $38.2M in Q3 2023, reducing 13 holdings. Its largest reduction was Precision Drilling, cutting an estimated $2.21M.
By sector, the portfolio is most concentrated in Energy at 49% of assets, up from 38% a quarter earlier, followed by Industrials and Materials.
Against the trend, Mountain Lake Investment Management added an estimated $565K to Allegiant Air.
- Mountain Lake Investment Management added most to Allegiant Air in Q3 2023, an estimated $565K increase.
- Mountain Lake Investment Management's biggest Q3 2023 reduction was Precision Drilling, cutting an estimated $2.21M.
- Mountain Lake Investment Management's ten largest holdings make up 79% of its $125M portfolio in Q3 2023.
- Mountain Lake Investment Management opened 0 new positions and closed 0 in Q3 2023.
- Mountain Lake Investment Management's portfolio value fell 22% quarter-over-quarter to $125M.
Based on Mountain Lake Investment Management's 13F filing for Q3 2023, filed 14 Nov 2023.