2026 Q2 Portfolio Activity
In 2026 Q2, Mountain Lake Investment Management LLC maintained a portfolio of 33 distinct positions. The most significant new addition was UNITED STS BRENT OIL FD LP, now representing 2.44% of the total fund value. They heavily accumulated shares in MOLINA HEALTHCARE INC, increasing the position by 5.5%. Conversely, Mountain Lake Investment Management LLC completely exited their position in FEDERAL AGRIC MTG CORP.
Position History
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Total Positions
33
Quarter
2026 Q2
Top Holding
PHYS (8.6%)
Top 10 Concentration
70.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-33 of 33
Mountain Lake Investment Management LLC Full Holdings List — 2026 Q2
| 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 | 8.58% | 10.31% |
#1
Prev: #1
|
5.9 |
—
|
6,475 | 1.4% |
P
S
|
456,819 | $13,782,229 | 2011 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
BLDR
BUILDERS FIRSTS...
|
Industrials | 8.24% | 5.57% |
#2
8
Prev: #10
|
7.3 |
—
|
43,226 | 41.3% |
P
S
|
147,867 | $13,231,139 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SGOL
ETFS GOLD TR
|
ETF | 7.72% | 9.37% |
#3
1
Prev: #2
|
4.6 |
—
|
-563 | -0.2% |
P
S
|
324,355 | $12,400,092 | 2020 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MOH
MOLINA HEALTHCA...
|
Healthcare | 7.60% | 4.36% |
#4
7
Prev: #11
|
5.5 |
—
|
2,776 | 5.5% |
P
S
|
53,394 | $12,211,208 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
ALSN
ALLISON TRANSMI...
|
Consumer Cyclical | 7.48% | 8.45% |
#5
2
Prev: #3
|
4.0 |
—
|
-5,262 | -4.7% |
P
S
|
106,541 | $12,011,432 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
DHI
D R HORTON INC
|
Consumer Cyclical | 6.96% | 5.81% |
#6
3
Prev: #9
|
3.3 |
—
|
3,016 | 4.6% |
P
S
|
68,606 | $11,174,545 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AN
AUTONATION INC
|
Consumer Cyclical | 6.74% | 7.12% |
#7
2
Prev: #5
|
3.2 |
—
|
1,812 | 3.2% |
P
S
|
58,257 | $10,823,568 | 2024 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
VNOM
VIPER ENERGY IN...
|
Energy | 6.66% | 7.77% |
#8
4
Prev: #4
|
3.2 |
—
|
-3,835 | -1.5% |
P
S
|
252,304 | $10,697,698 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NRP
NATURAL RESOURC...
|
Energy | 5.16% | 5.99% |
#9
1
Prev: #8
|
4.1 |
—
|
8,791 | 11.5% |
P
S
|
85,464 | $8,290,053 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
RRC
RANGE RES CORP
|
Energy | 5.06% | 6.26% |
#10
3
Prev: #7
|
2.5 |
—
|
4,008 | 1.9% |
P
S
|
218,523 | $8,126,870 | 2017 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
TFPM
TRIPLE FLAG PRE...
|
Basic Materials | 3.54% | 2.02% |
#11
4
Prev: #15
|
4.4 |
—
|
99,285 | 110.1% |
P
S
|
189,488 | $5,678,955 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NE
NOBLE CORP PLC
|
Energy | 3.46% | 6.59% |
#12
6
Prev: #6
|
1.4 |
—
|
-58,759 | -28.3% |
P
S
|
149,036 | $5,559,036 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CALM
CAL MAINE FOODS...
|
Consumer Defensive | 3.45% | 0.89% |
#13
8
Prev: #21
|
4.4 |
—
|
51,180 | 292.4% |
P
S
|
68,685 | $5,533,264 | 2014 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
BNO
UNITED STS BREN...
|
ETF | 2.44% | — |
#14
Prev: #—
|
4.5 |
—
|
96,318 | — |
NEW
|
96,318 | $3,919,179 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
HP
HELMERICH & PAY...
|
Energy | 2.41% | 2.75% |
#15
2
Prev: #13
|
2.0 |
—
|
no change | no change |
P
S
|
118,197 | $3,869,770 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AR
ANTERO RESOURCE...
|
Energy | 2.19% | 2.72% |
#16
2
Prev: #14
|
1.4 |
—
|
945 | 1.0% |
P
S
|
100,137 | $3,518,814 | 2017 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
KAR
OPENLANE INC
|
Unknown | 2.04% | 1.50% |
#17
Prev: #17
|
1.8 |
—
|
no change | no change |
P
S
|
79,537 | $3,280,106 | 2024 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
UBER
UBER TECHNOLOGI...
|
Technology | 1.44% | — |
#18
Prev: #—
|
4.1 |
—
|
32,098 | — |
NEW
|
32,098 | $2,316,192 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
ET
ENERGY TRANSFER...
|
Energy | 1.15% | 1.24% |
#19
Prev: #19
|
1.0 |
—
|
-3,095 | -3.1% |
P
S
|
96,190 | $1,839,153 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
PAA
PLAINS ALL AMER...
|
Energy | 1.14% | 1.24% |
#20
2
Prev: #18
|
1.0 |
—
|
-4,277 | -5.0% |
P
S
|
81,960 | $1,824,430 | 2016 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CMP
COMPASS MINERAL...
|
Basic Materials | 1.08% | 0.84% |
#21
1
Prev: #22
|
0.9 |
—
|
120 | 0.2% |
P
S
|
55,756 | $1,735,684 | 2010 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SDRL
SEADRILL LTD
|
Energy | 0.86% | 1.52% |
#22
6
Prev: #16
|
0.3 |
—
|
-15,257 | -29.4% |
P
S
|
36,555 | $1,382,510 | 2023 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
IIIN
INSTEEL INDS IN...
|
Industrials | 0.83% | — |
#23
Prev: #—
|
3.8 |
—
|
44,260 | — |
NEW
|
44,260 | $1,336,652 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
PSLV
SPROTT ASSET MA...
|
Unknown | 0.79% | 1.05% |
#24
4
Prev: #20
|
0.8 |
—
|
447 | 0.7% |
P
S
|
67,321 | $1,270,347 | 2012 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
DVA
DAVITA INC
|
Healthcare | 0.74% | 0.71% |
#25
2
Prev: #23
|
0.3 |
—
|
-1,841 | -25.7% |
P
S
|
5,312 | $1,181,814 | 2004 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
WS
WORTHINGTON STL...
|
Basic Materials | 0.72% | 0.15% |
#26
2
Prev: #28
|
3.3 |
—
|
26,927 | 359.0% |
P
S
|
34,427 | $1,156,059 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SBH
SALLY BEAUTY HL...
|
Consumer Cyclical | 0.56% | — |
#27
Prev: #—
|
3.7 |
—
|
63,552 | — |
NEW
|
63,552 | $898,625 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SILJ
AMPLIFY ETF TR
|
ETF | 0.47% | 0.58% |
#28
4
Prev: #24
|
0.7 |
—
|
-930 | -3.1% |
P
S
|
29,320 | $759,974 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 0.17% | 0.14% |
#29
Prev: #29
|
1.1 |
—
|
no change | no change |
P
S
|
750 | $268,028 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SLB
SLB LIMITED
|
Energy | 0.16% | 0.18% |
#30
3
Prev: #27
|
1.1 |
—
|
no change | no change |
P
S
|
5,425 | $252,208 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AGI
ALAMOS GOLD INC
|
Basic Materials | 0.15% | 0.23% |
#31
5
Prev: #26
|
1.1 |
—
|
no change | no change |
P
S
|
8,000 | $242,720 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
VAL
VALARIS LTD
|
Energy | 0.00% | 0.52% |
Sold All 😨
(Was: #25) |
0.0 |
—
|
-8,270 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AGM
FEDERAL AGRIC M...
|
Financial Services | 0.00% | 4.11% |
Sold All 😨
(Was: #12) |
0.0 |
—
|
-42,844 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 |
Showing 1-33 of 33 holdings