UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2025
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Mountaineer Partners Management, LLC
Address:
950 3rd Avenue
28TH FLOOR
New York, NY 10022
Form 13F File Number:
028-19269

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Mark Lee
Title:
Managing Member
Phone:
646-459-7061


Signature, Place, and Date of Signing:

/s/Mark Lee
                         [Signature]
New York, NEW YORK
                 [City, State]
05-15-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
28
Form 13F Information table Value Total:
104502140
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALCOA CORPCOM0138721061,684,02755,214SHSOLE 0 0 55,214
ALCOA CORPCOM0138721066,427,906210,751SHSOLE210,751 0 0
ARDAGH METAL PACKAGING S ASHSL02235106729,330241,500SHSOLE 0 0 241,500
ARDAGH METAL PACKAGING S ASHSL022351062,464,984816,220SHSOLE816,220 0 0
ATI INCCOM01741R1021,868,24135,907SHSOLE 0 0 35,907
ATI INCCOM01741R1027,568,700145,468SHSOLE145,468 0 0
BUILDERS FIRSTSOURCE INCCOM12008R1075,903,16547,248SHSOLE47,248 0 0
BUILDERS FIRSTSOURCE INCCOM12008R1071,369,71710,963SHSOLE 0 0 10,963
CENTURY ALUM COCOM1564311081,785,45396,199SHSOLE 0 0 96,199
CENTURY ALUM COCOM15643110810,081,309543,174SHSOLE543,174 0 0
CONSTELLIUM SECL A SHSF211071011,306,625129,497SHSOLE 0 0 129,497
CONSTELLIUM SECL A SHSF211071014,162,841412,571SHSOLE412,571 0 0
D R HORTON INCCOM23331A1091,591,28612,517SHSOLE 0 0 12,517
D R HORTON INCCOM23331A1095,229,87441,138SHSOLE41,138 0 0
ENTEGRIS INCCOM29362U1046,952,21179,472SHSOLE79,472 0 0
ENTEGRIS INCCOM29362U1041,667,10619,057SHSOLE 0 0 19,057
EVERUS CONSTR GROUPCOM3004261031,799,97848,530SHSOLE 0 0 48,530
EVERUS CONSTR GROUPCOM3004261036,614,148178,327SHSOLE178,327 0 0
FREEPORT-MCMORAN INCCL B35671D8571,693,55444,732SHSOLE 0 0 44,732
FREEPORT-MCMORAN INCCL B35671D8577,792,572205,826SHSOLE205,826 0 0
HUDBAY MINERALS INCCOM4436281021,764,485232,475SHSOLE 0 0 232,475
HUDBAY MINERALS INCCOM4436281027,047,922928,580SHSOLE928,580 0 0
NEXGEN ENERGY LTDCOM65340P1061,953,312435,036SHSOLE435,036 0 0
NEXGEN ENERGY LTDCOM65340P106581,325129,471SHSOLE 0 0 129,471
SAN JUAN BASIN RTY TRUNIT BEN INT798241105931,401168,427SHSOLE 0 0 168,427
SAN JUAN BASIN RTY TRUNIT BEN INT7982411053,044,967550,627SHSOLE550,627 0 0
VISHAY INTERTECHNOLOGY INCCOM9282981081,724,276108,445SHSOLE 0 0 108,445
VISHAY INTERTECHNOLOGY INCCOM9282981088,761,425551,033SHSOLE551,033 0 0