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Mountain Lake Investment Management LLC

CIK:0001308555
Investment Adviser
$166M AUM
27 holdings
Mill Valley, CA, United States
Founded:2004
5 employees
Latest filing:Jun 30, 2025

Mountain Lake Investment Management LLC is an independent investment advisory firm based in Mill Valley, California. Founded and managed by experienced partners, the firm serves charitable foundations, endowments, municipalities, family offices, and qualified individuals. With an employee count of fewer than 10, it manages assets through private funds and separately managed accounts (SMAs), focusing on equity investment. The company has a history of providing specialized investment solutions to institutional and high-net-worth clients.

Investment Strategy

Mountain Lake Investment Management employs a fundamental, research-driven approach to equity investment. The firm combines extensive investment experience with a focus on long-term capital appreciation for its clients, which include institutions and high-net-worth individuals. Investment strategies are implemented through private funds and separately managed accounts, generally seeking to identify high-conviction opportunities across sectors, with thorough due diligence and disciplined risk management.

Top Buys
D
DHID R HORTON INC
+$9.5M
B
BLDRBUILDERS FIRSTSOURCE INC
+$2.6M
A
ANAUTONATION INC
+$2.5M
P
PAAPLAINS ALL AMERN PIPELINE L
+$1.6M
A
ALGTALLEGIANT TRAVEL CO
+$1.4M
Top Sells
C
CARAVIS BUDGET GROUP
-$8.2M
H
HTZHERTZ GLOBAL HLDGS INC
-$2.0M
A
ARANTERO RESOURCES CORP
-$1.5M
S
SYYSYSCO CORP
-$907.9K
B
BTUPEABODY ENERGY CORP
-$756.9K

Top Holdings

S
SGOLETFS GOLD TR
+13.5%$16.3M
P
PHYSSPROTT PHYSICAL GOLD TR
+10.3%$12.4M
A
ANAUTONATION INC
+8.7%$10.4M
D
DHID R HORTON INC
+7.9%$9.5M
B
BLDRBUILDERS FIRSTSOURCE INC
+7.9%$9.5M

Equity Positions (27)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
S
SGOL
ETFS GOLD TR13.54%$16.3M515,933$19.84$31.54+$485.8K
P
PHYS
SPROTT PHYSICAL GOLD TR10.35%$12.4M490,593$17.30$25.35+$632.9K
A
AN
AUTONATION INC8.67%$10.4M52,458$165.52$198.65+$2.5M
D
DHI
D R HORTON INC7.92%$9.5M73,790$128.92$128.92+$9.5M
B
BLDR
BUILDERS FIRSTSOURCE INC7.88%$9.5M81,145$132.82$116.69+$2.6M

Industry Allocation

COMMODITY CONTRACTS BROKERS & DEALERS
+26.0%
CRUDE PETROLEUM & NATURAL GAS
+20.8%
DRILLING OIL & GAS WELLS
+18.0%
RETAIL-AUTO DEALERS & GASOLINE STATIONS
+10.0%
OPERATIVE BUILDERS
+7.9%