2026 Q1 Portfolio Activity
In 2026 Q1, Mountain Lake Investment Management LLC maintained a portfolio of 32 distinct positions. The most significant new addition was RANGE RES CORP, now representing 6.26% of the total fund value. They heavily accumulated shares in NATURAL RESOURCE PARTNERS LP, increasing the position by 17.4%. Conversely, Mountain Lake Investment Management LLC completely exited their position in ALLEGIANT TRAVEL CO.
Position History
hover any row below to update
Loading…
Total Positions
32
Quarter
2026 Q1
Top Holding
PHYS (10.3%)
Top 10 Concentration
73.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-32 of 32
Mountain Lake Investment Management LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
PHYS
SPROTT ASSET MA...
|
Unknown | 10.31% | 11.32% |
#1
1
Prev: #2
|
6.5 |
—
|
-839 | -0.2% |
P
S
|
450,344 | $15,960,191 | 2011 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SGOL
ETFS GOLD TR
|
ETF | 9.37% | 11.32% |
#2
1
Prev: #1
|
5.7 |
—
|
-37,803 | -10.4% |
P
S
|
324,918 | $14,497,841 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ALSN
ALLISON TRANSMI...
|
Consumer Cyclical | 8.45% | 8.17% |
#3
1
Prev: #4
|
4.9 |
—
|
2,012 | 1.8% |
P
S
|
111,803 | $13,087,659 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VNOM
VIPER ENERGY IN...
|
Energy | 7.77% | 7.38% |
#4
1
Prev: #5
|
4.1 |
—
|
4,576 | 1.8% |
P
S
|
256,139 | $12,035,980 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AN
AUTONATION INC
|
Consumer Cyclical | 7.12% | 7.38% |
#5
1
Prev: #6
|
5.8 |
—
|
9,413 | 20.0% |
P
S
|
56,445 | $11,021,451 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NE
NOBLE CORP PLC
|
Energy | 6.59% | 4.97% |
#6
4
Prev: #10
|
3.1 |
—
|
-23,696 | -10.2% |
P
S
|
207,795 | $10,196,492 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RRC
RANGE RES CORP
|
Energy | 6.26% | — |
#7
Prev: #—
|
6.0 |
—
|
214,515 | — |
NEW
|
214,515 | $9,691,788 | 2017 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NRP
NATURAL RESOURC...
|
Energy | 5.99% | 5.18% |
#8
1
Prev: #9
|
4.4 |
—
|
11,343 | 17.4% |
P
S
|
76,673 | $9,277,490 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DHI
D R HORTON INC
|
Consumer Cyclical | 5.81% | 6.55% |
#9
1
Prev: #8
|
4.3 |
—
|
5,740 | 9.6% |
P
S
|
65,590 | $9,000,260 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BLDR
BUILDERS FIRSTS...
|
Industrials | 5.57% | 6.56% |
#10
3
Prev: #7
|
4.7 |
—
|
20,697 | 24.7% |
P
S
|
104,641 | $8,615,094 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MOH
MOLINA HEALTHCA...
|
Healthcare | 4.36% | — |
#11
Prev: #—
|
5.2 |
—
|
50,618 | — |
NEW
|
50,618 | $6,747,379 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AGM
FEDERAL AGRIC M...
|
Financial Services | 4.11% | — |
#12
Prev: #—
|
5.1 |
—
|
42,844 | — |
NEW
|
42,844 | $6,355,907 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HP
HELMERICH & PAY...
|
Energy | 2.75% | 2.58% |
#13
1
Prev: #14
|
2.1 |
—
|
no change | no change |
P
S
|
118,197 | $4,258,638 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AR
ANTERO RESOURCE...
|
Energy | 2.72% | 2.60% |
#14
1
Prev: #13
|
2.1 |
—
|
no change | no change |
P
S
|
99,192 | $4,209,708 | 2017 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TFPM
TRIPLE FLAG PRE...
|
Basic Materials | 2.02% | 1.84% |
#15
1
Prev: #16
|
3.3 |
—
|
17,491 | 24.1% |
P
S
|
90,203 | $3,130,946 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SDRL
SEADRILL LTD
|
Energy | 1.52% | 3.35% |
#16
5
Prev: #11
|
0.6 |
—
|
-75,651 | -59.4% |
P
S
|
51,812 | $2,357,446 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KAR
OPENLANE INC
|
Unknown | 1.50% | 1.09% |
#17
4
Prev: #21
|
3.6 |
—
|
31,501 | 65.6% |
P
S
|
79,537 | $2,318,504 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PAA
PLAINS ALL AMER...
|
Energy | 1.24% | 1.18% |
#18
2
Prev: #20
|
1.5 |
—
|
no change | no change |
P
S
|
86,237 | $1,925,672 | 2016 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ET
ENERGY TRANSFER...
|
Energy | 1.24% | 1.24% |
#19
1
Prev: #18
|
1.5 |
—
|
no change | no change |
P
S
|
99,285 | $1,916,201 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PSLV
SPROTT ASSET MA...
|
Unknown | 1.05% | 1.89% |
#20
5
Prev: #15
|
0.4 |
—
|
-38,502 | -36.5% |
P
S
|
66,874 | $1,631,057 | 2012 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CALM
CAL MAINE FOODS...
|
Consumer Defensive | 0.89% | — |
#21
Prev: #—
|
3.9 |
—
|
17,505 | — |
NEW
|
17,505 | $1,385,521 | 2014 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CMP
COMPASS MINERAL...
|
Basic Materials | 0.84% | 0.36% |
#22
1
Prev: #23
|
3.3 |
—
|
31,731 | 132.7% |
P
S
|
55,636 | $1,299,101 | 2010 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DVA
DAVITA INC
|
Healthcare | 0.71% | 0.74% |
#23
1
Prev: #22
|
0.8 |
—
|
-1,394 | -16.3% |
P
S
|
7,153 | $1,099,345 | 2004 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SILJ
AMPLIFY ETF TR
|
ETF | 0.58% | — |
#24
Prev: #—
|
3.7 |
—
|
30,250 | — |
NEW
|
30,250 | $899,030 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VAL
VALARIS LTD
|
Energy | 0.52% | 1.19% |
#25
6
Prev: #19
|
0.2 |
—
|
-22,922 | -73.5% |
P
S
|
8,270 | $810,791 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AGI
ALAMOS GOLD INC
|
Basic Materials | 0.23% | — |
#26
Prev: #—
|
3.6 |
—
|
8,000 | — |
NEW
|
8,000 | $355,440 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SLB
SLB LIMITED
|
Energy | 0.18% | — |
#27
Prev: #—
|
3.6 |
—
|
5,425 | — |
NEW
|
5,425 | $278,791 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WS
WORTHINGTON STL...
|
Basic Materials | 0.15% | — |
#28
Prev: #—
|
3.6 |
—
|
7,500 | — |
NEW
|
7,500 | $227,625 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 0.14% | — |
#29
Prev: #—
|
3.6 |
—
|
750 | — |
NEW
|
750 | $215,670 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PPLT
ABRDN PLATINUM ...
|
ETF | 0.00% | 1.61% |
Sold All 😨
(Was: #17) |
0.0 |
—
|
-11,383 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EOG
EOG RES INC
|
Energy | 0.00% | 3.30% |
Sold All 😨
(Was: #12) |
0.0 |
—
|
-41,348 | -100.0% |
CLOSED
|
— | $— | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ALGT
ALLEGIANT TRAVE...
|
Industrials | 0.00% | 8.20% |
Sold All 😨
(Was: #3) |
0.0 |
—
|
-126,494 | -100.0% |
CLOSED
|
— | $— | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-32 of 32 holdings