MOUNTAIN LAKE INVESTMENT MANAGEMENT LLC
Q2 2026 Form 13-F
SAN FRANCISCO, CALIFORNIA
CIK 0001308555
· CRD 154679
· SEC-registered investment adviser
$160.6M Reported Value Total
MOUNTAIN LAKE INVESTMENT MANAGEMENT LLC reports 21 total accounts under management (AUM). There are 21 discretionary accounts valued at $199,250,957, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $137.3M gross asset value
Other: $130.3M · Real Estate Fund: $7.0M
Source: Form ADV filed 2026-03-27
Reported value
$160.6M
Quarter over quarter
-4.1%
Holdings
31
Top-10 concentration
70.2%
Key People
Form ADV owners & control persons
Mitchell Edward Cantor
MEMBER
Patricia Jeanette Coronado
MEMBER
Eugene Yui-Chung Cheuk
CHIEF FINANCIAL OFFICER & CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 14, 2026 |
| Form | 13F-HR |
| Reported value | $160.6M |
| Positions | 31 |
| Change in reported value | +3.7% |
| New positions | 4 |
| Exited positions | 2 |
| Position turnover | 18.2% |
| Top-10 concentration | 70.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
31 | $160.6M |
|
Q1 2026 13F
Filed May 15, 2026
|
29 | $154.8M |
|
Q4 2025 13F
Filed Feb 17, 2026
|
23 | $131.6M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
26 | $134.3M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
27 | $120.2M |
|
Q1 2025 13F
Filed May 15, 2025
|
30 | $106.2M |
|
Q4 2024 13F
Filed Jan 30, 2025
|
29 | $86.8M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
25 | $95.1M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
26 | $95.4M |
|
Q1 2024 13F
Filed May 15, 2024
|
21 | $96.4M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
17 | $97.8M |
|
Q3 2023 13F
Filed Nov 14, 2023
|
14 | $124.6M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
14 | $160.1M |
|
Q1 2023 13F
Filed May 15, 2023
|
23 | $109.6M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
29 | $131.6M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
28 | $117.5M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
22 | $116.9M |
|
Q1 2022 13F
Filed May 16, 2022
|
23 | $165.7M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
21 | $209.3M |
|
Q3 2021 13F
Filed Nov 15, 2021
|
27 | $230.9M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | PHYS SPROTT ASSET MANAGEMENT LP | $13.8M | 8.58% |
| 2 | BLDR BUILDERS FIRSTSOURCE INC | $13.2M | 8.24% |
| 3 | SGOL ETFS GOLD TR | $12.4M | 7.72% |
| 4 | MOH MOLINA HEALTHCARE INC | $12.2M | 7.6% |
| 5 | ALSN ALLISON TRANSMISSION HLDGS I | $12.0M | 7.48% |
| 6 | DHI D R HORTON INC | $11.2M | 6.96% |
| 7 | AN AUTONATION INC | $10.8M | 6.74% |
| 8 | VNOM VIPER ENERGY INC | $10.7M | 6.66% |
| 9 | NRP NATURAL RESOURCE PARTNERS LP | $8.3M | 5.16% |
| 10 | RRC RANGE RES CORP | $8.1M | 5.06% |
| 11 | TFPM TRIPLE FLAG PRECIOUS METAL | $5.7M | 3.54% |
| 12 | NE NOBLE CORP PLC | $5.6M | 3.46% |
| 13 | CALM CAL MAINE FOODS INC | $5.5M | 3.45% |
| 14 | BNO UNITED STS BRENT OIL FD LP | $3.9M | 2.44% |
| 15 | HP HELMERICH & PAYNE INC | $3.9M | 2.41% |
| 16 | AR ANTERO RESOURCES CORP | $3.5M | 2.19% |
| 17 | OPLN OPENLANE INC | $3.3M | 2.04% |
| 18 | UBER UBER TECHNOLOGIES INC | $2.3M | 1.44% |
| 19 | ET ENERGY TRANSFER L P | $1.8M | 1.15% |
| 20 | PAAPU PLAINS ALL AMERN PIPELINE L | $1.8M | 1.14% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.