Mountain Lake Investment Management LLC — Q1 2021 13F Holdings

Name: Mountain Lake Investment Management LLC — 13F Holdings, Q1 2021
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001308555

Total reported value

$154.8M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TPL	Texas Pacific Land CORP	Stock-Energy	8.90%	—	—
2	VSAT	Viasat INC	Stock-Tech	7.52%	—	-6.83%
3	EOG	Eog Resources INC	Stock-Energy	6.82%	-3.30%	EXIT
4	ALGT	Allegiant Travel Co	Stock-Other	6.66%	-8.20%	EXIT
5	AM	Antero Midstream CORP	Stock-Energy	6.62%	—	-12.25%
6	VSTOEUR	Vista Outdoor INC	Stock-Other	6.51%	—	-21.62%
7	NOV	Nov INC	Stock-Energy	5.76%	—	—
8	GLD	Spdr Gold Shares	ETF-Commodities	4.93%	—	-54.17%
9	AR	Antero Resources CORP	Stock-Energy	4.93%	+0.12%	-6.61%
10	NEM	Newmont CORP	Stock-Materials	4.22%	—	—
11	ABX	Barrick Gold CORP	Stock-Financials	3.88%	—	+7.69%
12	YUSD	Alleghany CORP	Stock-Other	3.86%	—	—
13	PDS	Precision Drilling CORP	Stock-Other	3.75%	—	+1.64%
14	CEIXEUR	Consol Energy INC	Stock-Other	3.55%	—	-14.38%
15	CCJ	Cameco CORP	Stock-Energy	2.96%	—	-7.29%
16	NXE	Nexgen Energy LTD	Stock-Other	2.49%	—	+12.64%
17	PHYS	Sprott Physical Gold Trust	Stock-Other	2.48%	-1.01%	-5.71%
18	MLM	Martin Marietta Materials	Stock-Materials	2.30%	—	-15.52%
19	ARLP	Alliance Resource Partners	Stock-Other	2.12%	—	-20.73%
20	BBCP	Concrete Pumping Holdings In	Stock-Other	2.07%	—	+5.33%
21	UVE	Universal Insurance Holdings	Stock-Other	1.45%	—	+16.13%
22	EMX	Emx Royalty CORP	Stock-Other	1.43%	—	—
23	✓		Stock-Other	1.30%	—	—
24	SNCY	Sun Country Airlines Holding	Stock-Other	1.02%	—	—
25	AYS1	Sandstorm Gold LTD	Stock-Other	0.84%	—	—
26	AAAU	Goldman Sachs Physical Gold	ETF-Commodities	0.71%	—	+7.14%
27	OREUR	Osisko Gold Royalties LTD	Stock-Other	0.62%	—	—
28	SGOL	Abrdn Physical Gold Shares	ETF-Commodities	0.32%	-1.95%	+40.00%

Position changes disclosed by Mountain Lake Investment Management LLC for the quarter ending Q1 2021, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AR	Antero Resources CORP	+1.6%	-6.61%	Trim
2	VSAT	Viasat INC	+1.1%	-6.83%	Trim
3	BBCP	Concrete Pumping Holdings In	+0.9%	+5.33%	Add
4	EOG	Eog Resources INC	+0.7%	-9.19%	Trim
5	NXE	Nexgen Energy LTD	+0.5%	+12.64%	Add
6	PDS	Precision Drilling CORP	+0.4%	+1.64%	Add
7	SGOL	Abrdn Physical Gold Shares	0%	+40.00%	Add
8	CEIXEUR	Consol Energy INC	-0.1%	-14.38%	Trim
9	CCJ	Cameco CORP	-0.1%	-7.29%	Trim
10	UVE	Universal Insurance Holdings	-0.1%	+16.13%	Add
11	AAAU	Goldman Sachs Physical Gold	-0.2%	+7.14%	Add
12	✓		-0.2%	—	Unchanged
13	ARLP	Alliance Resource Partners	-0.3%	-20.73%	Trim
14	MLM	Martin Marietta Materials	-0.4%	-15.52%	Trim
15	YUSD	Alleghany CORP	-0.5%	—	Unchanged
16	NEM	Newmont CORP	-0.7%	—	Unchanged
17	VSTOEUR	Vista Outdoor INC	-0.7%	-21.62%	Trim
18	AM	Antero Midstream CORP	-1%	-12.25%	Trim
19	PHYS	Sprott Physical Gold Trust	-1%	-5.71%	Trim
20	ABX	Barrick Gold CORP	-1%	+7.69%	Add
21	ALGT	Allegiant Travel Co	-1.3%	-23.23%	Trim
22	GLD	Spdr Gold Shares	-9.2%	-54.17%	Trim
23	TPL	Texas Pacific Land CORP	—	NEW	New buy
24	NOV	Nov INC	—	NEW	New buy
25	NOVEUR	National Oilwell Varco INC	—	EXIT	Sold out
26	EMX	Emx Royalty CORP	—	NEW	New buy
27	SNCY	Sun Country Airlines Holding	—	NEW	New buy
28	AYS1	Sandstorm Gold LTD	—	NEW	New buy
29	OREUR	Osisko Gold Royalties LTD	—	NEW	New buy
30	SII	Sprott INC	—	EXIT	Sold out
31	KOR	Corvus Gold INC	—	EXIT	Sold out