Mountain Lake Investment Management
Mountain Lake Investment Management reported 31 stocks worth $161M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are PHYS (8.6%), BLDR (8.2%) and SGOL (7.7%). Compared with Q1 2026, the fund opened new positions in BNO, UBER and IIIN, added to PHYS, BLDR and MOH, trimmed SGOL, ALSN and VNOM and sold out of AGM and VAL.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  PHYS Sprott Physical Gold TR | $13.8M | 8.6% | 457K | +6,475 (+1%) | 8 of 8 | |
| 2 |  BLDR Builders Firstsource Inc | $13.2M | 8.2% | 148K | +43K (+41%) | 8 of 8 | |
| 3 |  SGOL Etfs Gold TR | $12.4M | 7.7% | 324K | −563 (−0%) | 8 of 8 | |
| 4 |  MOH Molina Healthcare Inc | $12.2M | 7.6% | 53K | +2,776 (+5%) | 2 of 8 | |
| 5 |  ALSN Allison Transmission Hldgs I | $12M | 7.5% | 107K | −5,262 (−5%) | 5 of 8 | |
| 6 |  DHI D R Horton Inc | $11.2M | 7.0% | 69K | +3,016 (+5%) | 5 of 8 | |
| 7 |  AN Autonation Inc | $10.8M | 6.7% | 58K | +1,812 (+3%) | 8 of 8 | |
| 8 |  VNOM Viper Energy Inc CL A | $10.7M | 6.7% | 252K | −3,835 (−1%) | 4 of 8 | |
| 9 |  NRP Natural Resource Partners L | $8.3M | 5.2% | 85K | +8,791 (+11%) | 7 of 8 | |
| 10 |  RRC Range Res Corp | $8.1M | 5.1% | 219K | +4,008 (+2%) | 2 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Mountain Lake Investment Management 13F FAQ
What does Mountain Lake Investment Management own?
Mountain Lake Investment Management reported 31 stocks worth $161M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are PHYS (8.6%), BLDR (8.2%) and SGOL (7.7%). The table above lists every position in the filing (the top 10 without an account).
What did Mountain Lake Investment Management buy and sell in Q2 2026?
Compared with Q1 2026: 4 new positions, 13 added to, 9 trimmed and 2 sold out. New positions include BNO, UBER and IIIN. It sold all of AGM and VAL.
When will Mountain Lake Investment Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Mountain Lake Investment Management's portfolio worth?
The Q2 2026 filing reports $161M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.