Mountain Lake Investment Management LLC

Q1 2014 13F-HR Holdings

Location
Mill Valley, CA
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
38
Total value ($000)
$137,747
Net value change ($000)
-7,339 (-5.1%)
New positions
8
Sold out positions
8
Turnover %
25.8%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ENSCO PLC 6,419 818.8%
WELLPOINT INC 4,164 104.2%
KINDER MORGAN MANAGE 3,130 NEW
KMI 2,956 NEW
C 2,799 33.5%
CALM 1,999 NEW
PDS 1,618 19.4%
GNW 1,613 NEW
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 1,346 NEW
CE 987 12.2%
Top Reduces (Value $000, Stocks/ETFs)
EXE -8,050 -100.0%
HY -5,037 -89.0%
EXPRESS SCRIPTS HLDG CO -4,189 -100.0%
LUV -3,534 -42.2%
USB -3,138 -100.0%
LEUCADIA NATIONAL CO -3,043 -100.0%
HAL -2,561 -100.0%
MCDERMOTT INTL INC -1,680 -100.0%
MFC BANCORP LTD -1,655 -64.6%
CF -1,623 -36.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type