Mountain Lake Investment Management LLC
•CIK: 1308555•Filing: Q4 2025
**Mountain Lake Investment Management LLC** is a sophisticated manager overseeing $132M across a concentrated portfolio of 23 positions. The fund exhibits significant allocations to commodities and real assets, notably holding SGOL and PHYS/U at $14.9M each. Further diversification is evident with substantial positions in ALGT ($10.8M) and ALSN ($10.7M). This structure suggests a tactical, resource-oriented mandate within its current holdings.
Total AUM
$131.6M
QoQ Performance
-2.0%
Positions
22
Top 10 Concentration
77.0%
Latest Filing
Q4 2025
Top Holdings Allocation
SGOL
PHYS/U
ALGT
ALSN
VNOM
AN
BLDR
DHI
SGOL11.3%
PHYS/U11.3%
ALGT8.2%
ALSN8.2%
VNOM7.4%
AN7.4%
BLDR6.6%
DHI6.6%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other96.7%
Energy3.3%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW2 new positions
↑6 increased
↓15 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023