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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
+5.57%
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
$86.8M
AUM Growth
-$8.27M
(-8.7%)
Cap. Flow
-$10.9M
Cap. Flow
% of AUM
-12.59%
Top 10 Holdings %
Top 10 Hldgs %
77.51%
Holding
32
New
7
Increased
6
Reduced
15
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDS
Precision Drilling
PDS
|
+$1.65M |
| 2 |
Noble Corp
NE
|
+$1.42M |
| 3 |
Natural Resource Partners
NRP
|
+$1.14M |
| 4 |
EOG Resources
EOG
|
+$767K |
| 5 |
VanEck Gold Miners ETF
GDX
|
+$729K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NexGen Energy
NXE
|
+$4.94M |
| 2 |
Allegiant Air
ALGT
|
+$3.57M |
| 3 |
abrdn Physical Gold Shares ETF
SGOL
|
+$3.24M |
| 4 |
STR
Sitio Royalties
STR
|
+$1.3M |
| 5 |
OKLO
Oklo
OKLO
|
+$930K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 35.97% |
| 2 | Industrials | 25.76% |
| 3 | Consumer Discretionary | 8.06% |
| 4 | Financials | 0.88% |
| 5 | Materials | 0.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
abrdn Physical Gold Shares ETF
SGOL
$7.41B
| $11.2M | 12.9% |
447,295
-127,705
| -22% | -$3.24M |
|
|
2
Allegiant Air
ALGT
$2.57B
| $10.1M | 11.69% |
108,000
-49,000
| -31% | -$3.57M |
|
3
Sprott Physical Gold
PHYS
$15.7B
| $7.57M | 8.72% |
376,000
+11,000
| +3% | +$226K |
|
|
STR
4
DELISTED
Sitio Royalties
STR
| $6.06M | 6.98% |
316,578
-58,422
| -16% | -$1.3M |
|
5
Seadrill
SDRL
$2.7B
| $6.01M | 6.92% |
154,700
-5,300
| -3% | -$206K |
|
|
6
Noble Corp
NE
$6.51B
| $5.71M | 6.58% |
182,859
+42,859
| +31% | +$1.42M |
|
7
Avis
CAR
$5.02B
| $5.43M | 6.25% |
67,547
-7,453
| -10% | -$680K |
|
8
Builders FirstSource
BLDR
$8.04B
| $5.2M | 5.99% |
36,367
+2,367
| +7% | +$419K |
|
9
AutoNation
AN
$6.92B
| $5.13M | 5.9% |
30,200
-1,300
| -4% | -$220K |
|
10
Antero Resources
AR
$10.7B
| $4.86M | 5.59% |
138,351
-23,649
| -15% | -$716K |
|
|
PDS
11
Precision Drilling
PDS
$974M
| $3.56M | 4.1% |
51,981
+26,981
| +108% | +$1.65M |
|
|
12
NexGen Energy
NXE
$6.99B
| $1.94M | 2.24% |
294,244
-655,756
| -69% | -$4.94M |
|
|
OPLN
13
Openlane
OPLN
$4.54B
| $1.88M | 2.16% |
94,500
-25,500
| -21% | -$470K |
|
14
Sprott Junior Uranium Miners ETF
URNJ
$358M
| $1.63M | 1.87% |
87,493
-37,507
| -30% | -$848K |
|
15
Hertz
HTZ
$809M
| $1.6M | 1.84% |
438,000
-112,000
| -20% | -$405K |
|
|
16
Natural Resource Partners
NRP
$1.42B
| $1.22M | 1.41% |
+11,050
| New | +$1.14M |
|
17
VanEck Junior Gold Miners ETF
GDXJ
$8.46B
| $1.22M | 1.4% |
28,446
-4,554
| -14% | -$221K |
|
|
PPLT
18
abrdn Physical Platinum Shares ETF
PPLT
$2.04B
| $996K | 1.15% |
120,000
+20,000
| +20% | +$177K |
|
|
SII
19
Sprott
SII
$3.03B
| $762K | 0.88% |
18,089
-4,911
| -21% | -$216K |
|
20
iShares Bitcoin Trust
IBIT
$48.4B
| $745K | 0.86% |
+14,000
| New | +$661K |
|
|
21
EOG Resources
EOG
$70.7B
| $735K | 0.85% |
+6,000
| New | +$767K |
|
|
22
VanEck Gold Miners ETF
GDX
$27.4B
| $644K | 0.74% |
+19,000
| New | +$729K |
|
23
Occidental Petroleum
OXY
$55.9B
| $618K | 0.71% |
+12,500
| New | +$631K |
|
24
Sprott Uranium Miners ETF
URNM
$2B
| $566K | 0.65% |
14,052
-3,948
| -22% | -$184K |
|
25
Peabody Energy
BTU
$2.9B
| $482K | 0.55% |
+23,000
| New | +$568K |
|
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Mountain Lake Investment Management's Q4 2024 Portfolio in Review
As of Q4 2024, Mountain Lake Investment Management held 32 positions worth $86.8M, down 8.7% from $95.1M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Mountain Lake Investment Management withdrew a net $10.9M in Q4 2024, closing 3 positions and reducing 15 holdings. Its most notable exit was Oklo, an estimated $930K position sold in full.
By sector, the portfolio is most concentrated in Energy at 36% of assets, up from 33% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Mountain Lake Investment Management opened a new position in Natural Resource Partners worth $1.22M.
- Mountain Lake Investment Management's largest Q4 2024 buy was Natural Resource Partners: 11,050 shares worth $1.22M.
- Mountain Lake Investment Management added most to Precision Drilling in Q4 2024, an estimated $1.65M increase.
- Mountain Lake Investment Management's biggest Q4 2024 reduction was NexGen Energy, cutting an estimated $4.94M.
- Mountain Lake Investment Management fully exited Oklo in Q4 2024, selling an estimated $930K.
- Mountain Lake Investment Management's ten largest holdings make up 78% of its $86.8M portfolio in Q4 2024.
- Mountain Lake Investment Management opened 7 new positions and closed 3 in Q4 2024.
- Mountain Lake Investment Management's portfolio value fell 8.7% quarter-over-quarter to $86.8M.
Based on Mountain Lake Investment Management's 13F filing for Q4 2024, filed 30 Jan 2025.