MASTERS CAPITAL MANAGEMENT LLC
CIK 0001104186
Annualised vol
10.647518%
Beta
0.395047
HHI
523.578185
Top-10 weight
47.263633%
VaR 95%
0.945813%
VaR 99%
1.691868%
Max drawdown
24.667753%
Matched value
52.819668%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| BA | ADDED | 1,000,000 | 200,000 | 400.0% | 216,470,000 |
| NEM | NEW | 2,000,000 | - | - | 186,800,000 |
| DAL | REDUCED | 1,500,000 | 2,000,000 | -25.0% | 140,490,000 |
| C | REDUCED | 1,000,000 | 2,000,000 | -50.0% | 139,960,000 |
| INTC | REDUCED | 1,000,000 | 3,000,000 | -66.67% | 139,630,000 |
| FLR | ADDED | 2,000,000 | 1,355,000 | 47.6% | 104,780,000 |
| AA | ADDED | 2,000,000 | 300,000 | 566.67% | 104,280,000 |
| SLB | ADDED | 2,200,000 | 1,000,000 | 120.0% | 102,278,000 |
| UBER | NEW | 1,000,000 | - | - | 72,160,000 |
| FCX | ADDED | 1,000,000 | 800,000 | 25.0% | 62,890,000 |
| BMY | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 57,620,000 |
| CVS | UNCHANGED | 500,000 | 500,000 | 0.0% | 51,725,000 |
| NOW | NEW | 500,000 | - | - | 49,640,000 |
| ASTS | REDUCED | 500,000 | 1,000,000 | -50.0% | 44,430,000 |
| IONQ | REDUCED | 800,000 | 1,100,000 | -27.27% | 42,608,000 |
| NOV | ADDED | 2,200,000 | 2,000,000 | 10.0% | 40,810,000 |
| AR | NEW | 1,000,000 | - | - | 35,140,000 |
| VYX | ADDED | 4,150,000 | 3,500,000 | 18.57% | 33,905,500 |
| LION | UNCHANGED | 1,994,814 | 1,994,814 | 0.0% | 30,540,602 |
| MBLY | ADDED | 3,000,000 | 2,100,000 | 42.86% | 29,040,000 |
| CLF | REDUCED | 3,000,000 | 3,200,000 | -6.25% | 28,170,000 |
| BCS | REDUCED | 1,000,000 | 2,000,000 | -50.0% | 26,860,000 |
| BWAY | REDUCED | 1,500,000 | 1,650,000 | -9.09% | 23,265,000 |
| BBWI | NEW | 1,000,000 | - | - | 23,130,000 |
| YPF | REDUCED | 500,000 | 1,000,000 | -50.0% | 22,735,000 |
| RUN | ADDED | 1,500,000 | 500,000 | 200.0% | 20,070,000 |
| IP | UNCHANGED | 500,000 | 500,000 | 0.0% | 19,050,000 |
| ENVX | UNCHANGED | 3,000,000 | 3,000,000 | 0.0% | 18,210,000 |
| BETA | ADDED | 1,028,200 | 700,000 | 46.89% | 17,222,350 |
| ONDS | NEW | 2,000,000 | - | - | 16,480,000 |
| DCH | REDUCED | 3,000,000 | 3,500,000 | -14.29% | 16,260,000 |
| RIG | UNCHANGED | 3,000,000 | 3,000,000 | 0.0% | 14,670,000 |
| TEX | NEW | 200,000 | - | - | 14,478,000 |
| PONY | UNCHANGED | 1,950,000 | 1,950,000 | 0.0% | 13,552,500 |
| MANE | UNCHANGED | 100,000 | 100,000 | 0.0% | 12,294,000 |
| BSX | REDUCED | 250,000 | 500,000 | -50.0% | 10,670,000 |
| NXE | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 9,390,000 |
| W | REDUCED | 100,000 | 1,100,000 | -90.91% | 9,242,000 |
| AOMR | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 9,080,000 |
| BORR | UNCHANGED | 2,000,000 | 2,000,000 | 0.0% | 8,260,000 |
| EVTL | ADDED | 4,100,000 | 3,400,000 | 20.59% | 7,134,000 |
| EOSE | NEW | 1,200,000 | - | - | 7,056,000 |
| GSM | UNCHANGED | 2,000,000 | 2,000,000 | 0.0% | 6,360,000 |
| ISOU | REDUCED | 600,000 | 700,000 | -14.29% | 5,982,000 |
| DNLI | REDUCED | 200,000 | 600,000 | -66.67% | 5,144,000 |
| LUCD | UNCHANGED | 4,000,000 | 4,000,000 | 0.0% | 4,280,000 |
| UP | REDUCED | 300,000 | 4,000,000 | -92.5% | 2,691,000 |
| STIM | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 1,300,000 |
| NOK | CLOSED OUT | 0 | 2,000,000 | -100.0% | 0 |
| BWA | CLOSED OUT | 0 | 1,000,000 | -100.0% | 0 |
| FLY | CLOSED OUT | 0 | 1,000,000 | -100.0% | 0 |
| HUN | CLOSED OUT | 0 | 1,000,000 | -100.0% | 0 |
| LYFT | CLOSED OUT | 0 | 1,000,000 | -100.0% | 0 |
| NFE | CLOSED OUT | 0 | 1,000,000 | -100.0% | 0 |
| VG | CLOSED OUT | 0 | 880,000 | -100.0% | 0 |
| FSLY | CLOSED OUT | 0 | 800,000 | -100.0% | 0 |
| FITB | CLOSED OUT | 0 | 600,000 | -100.0% | 0 |
| ADM | CLOSED OUT | 0 | 500,000 | -100.0% | 0 |
| ORA | CLOSED OUT | 0 | 500,000 | -100.0% | 0 |
| IAG | CLOSED OUT | 0 | 300,000 | -100.0% | 0 |
| ECL | CLOSED OUT | 0 | 200,000 | -100.0% | 0 |
| AAOI | CLOSED OUT | 0 | 100,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 746,770,000 | 19.16 | 1000000.0 | |
| BA | ADDED | BOEING CO | COM | 097023105 | 216,470,000 | 5.56 | 1000000.0 |
| C | REDUCED | CITIGROUP INC | COM NEW | 172967424 | 139,960,000 | 3.59 | 1000000.0 |
| INTC | REDUCED | INTEL CORP | COM | 458140100 | 139,630,000 | 3.58 | 1000000.0 |
| - | ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 124,440,000 | 3.19 | 1000000.0 | |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 95,980,000 | 2.46 | 1000000.0 | |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 95,980,000 | 2.46 | 1000000.0 | |
| - | CLOROX CO DEL | COM | 189054109 | 95,440,000 | 2.45 | 1000000.0 | |
| DAL | REDUCED | DELTA AIR LINES INC | COM NEW | 247361702 | 93,660,000 | 2.4 | 1000000.0 |
| NEM | NEW | NEWMONT CORP | COM | 651639106 | 93,400,000 | 2.4 | 1000000.0 |
| NEM | NEW | NEWMONT CORP | COM | 651639106 | 93,400,000 | 2.4 | 1000000.0 |
| - | ISHARES TR | 20 YR TR BD ETF | 464287432 | 86,420,000 | 2.22 | 1000000.0 | |
| - | GENERAL MTRS CO | COM | 37045V100 | 77,080,000 | 1.98 | 1000000.0 | |
| - | GENERAL MTRS CO | COM | 37045V100 | 77,080,000 | 1.98 | 1000000.0 | |
| UBER | NEW | UBER TECHNOLOGIES INC | COM | 90353T100 | 72,160,000 | 1.85 | 1000000.0 |
| FCX | ADDED | FREEPORT MCMORAN INC | CL B | 35671D857 | 62,890,000 | 1.61 | 1000000.0 |
| BMY | UNCHANGED | BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 57,620,000 | 1.48 | 1000000.0 |
| - | UNITED PARCEL SVCS INC | CL B | 911312106 | 53,750,000 | 1.38 | 500000.0 | |
| - | UNITED PARCEL SVCS INC | CL B | 911312106 | 53,750,000 | 1.38 | 500000.0 | |
| FLR | ADDED | FLUOR CORP | COM | 343412102 | 52,390,000 | 1.34 | 1000000.0 |
| FLR | ADDED | FLUOR CORP | COM | 343412102 | 52,390,000 | 1.34 | 1000000.0 |
| AA | ADDED | ALCOA CORP | COM | 013872106 | 52,140,000 | 1.34 | 1000000.0 |
| AA | ADDED | ALCOA CORP | COM | 013872106 | 52,140,000 | 1.34 | 1000000.0 |
| CVS | UNCHANGED | CVS HEALTH CORP | COM | 126650100 | 51,725,000 | 1.33 | 500000.0 |
| NOW | NEW | SERVICENOW INC | COM | 81762P102 | 49,640,000 | 1.27 | 500000.0 |
| DAL | REDUCED | DELTA AIR LINES INC | COM NEW | 247361702 | 46,830,000 | 1.2 | 500000.0 |
| SLB | ADDED | SLB LIMITED | COM STK | 806857108 | 46,490,000 | 1.19 | 1000000.0 |
| SLB | ADDED | SLB LIMITED | COM STK | 806857108 | 46,490,000 | 1.19 | 1000000.0 |
| ASTS | REDUCED | AST SPACEMOBILE INC | COM CL A | 00217D100 | 44,430,000 | 1.14 | 500000.0 |
| IONQ | REDUCED | IONQ INC | COM | 46222L108 | 42,608,000 | 1.09 | 800000.0 |
| NOV | ADDED | NOV INC | COM | 62955J103 | 40,810,000 | 1.05 | 2200000.0 |
| AR | NEW | ANTERO RESOURCES CORP | COM | 03674X106 | 35,140,000 | 0.9 | 1000000.0 |
| - | EASTMAN CHEM CO | COM | 277432100 | 33,490,000 | 0.86 | 500000.0 | |
| - | EASTMAN CHEM CO | COM | 277432100 | 33,490,000 | 0.86 | 500000.0 | |
| VYX | ADDED | NCR VOYIX CORPORATION | COM | 62886E108 | 32,680,000 | 0.84 | 4000000.0 |
| - | UNITED PARCEL SVCS INC | CL B | 911312106 | 32,250,000 | 0.83 | 300000.0 | |
| LION | UNCHANGED | LIONSGATE STUDIOS CORP | COM | 53626N102 | 30,540,602 | 0.78 | 1994814.0 |
| BCS | REDUCED | BARCLAYS PLC | ADR | 06738E204 | 26,860,000 | 0.69 | 1000000.0 |
| - | EASTMAN CHEM CO | COM | 277432100 | 26,792,000 | 0.69 | 400000.0 | |
| - | ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 24,888,000 | 0.64 | 200000.0 | |
| - | HORMEL FOODS CORP | COM | 440452100 | 24,820,000 | 0.64 | 1000000.0 | |
| - | FLOTEK INDUSTRIES INC | COM NEW | 343389409 | 23,520,000 | 0.6 | 1000000.0 | |
| BWAY | REDUCED | BRAINSWAY LTD | SPONSORED ADS | 10501L106 | 23,265,000 | 0.6 | 1500000.0 |
| BBWI | NEW | BATH & BODY WORKS INC | COM | 070830104 | 23,130,000 | 0.59 | 1000000.0 |
| YPF | REDUCED | YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 | 22,735,000 | 0.58 | 500000.0 |
| IP | UNCHANGED | INTERNATIONAL PAPER CO | COM | 460146103 | 19,050,000 | 0.49 | 500000.0 |
| CLF | REDUCED | CLEVELAND-CLIFFS INC NEW | COM | 185899101 | 18,780,000 | 0.48 | 2000000.0 |
| - | THE REALREAL INC | COM | 88339P101 | 17,685,000 | 0.45 | 1500000.0 | |
| BETA | ADDED | BETA TECHNOLOGIES INC | COM SHS CL A | 086921103 | 17,222,350 | 0.44 | 1028200.0 |
| DCH | REDUCED | DAUCH CORP | COM | 024061103 | 16,260,000 | 0.42 | 3000000.0 |
| - | ROCKET COS INC | COM CL A | 77311W101 | 15,750,000 | 0.4 | 1000000.0 | |
| TEX | NEW | TEREX CORP NEW | COM | 880779103 | 14,478,000 | 0.37 | 200000.0 |
| - | CELANESE CORP DEL | COM | 150870103 | 13,800,000 | 0.35 | 300000.0 | |
| - | CELANESE CORP DEL | COM | 150870103 | 13,800,000 | 0.35 | 300000.0 | |
| RUN | ADDED | SUNRUN INC | COM | 86771W105 | 13,380,000 | 0.34 | 1000000.0 |
| - | NU HLDGS LTD | ORD SHS CL A | G6683N103 | 13,360,000 | 0.34 | 1000000.0 | |
| - | ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 12,444,000 | 0.32 | 100000.0 | |
| MANE | UNCHANGED | VERADERMICS INC | COMMON STOCK | 922967104 | 12,294,000 | 0.32 | 100000.0 |
| ENVX | UNCHANGED | ENOVIX CORPORATION | COM | 293594107 | 12,140,000 | 0.31 | 2000000.0 |
| - | MOHAWK INDS INC | COM | 608190104 | 12,133,000 | 0.31 | 100000.0 | |
| BSX | REDUCED | BOSTON SCIENTIFIC CORP | COM | 101137107 | 10,670,000 | 0.27 | 250000.0 |
| - | ALMONTY INDS INC | COM NEW | 020398707 | 9,936,000 | 0.25 | 600000.0 | |
| RIG | UNCHANGED | TRANSOCEAN LTD | REGISTERED SHS | H8817H100 | 9,780,000 | 0.25 | 2000000.0 |
| MBLY | ADDED | MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 | 9,680,000 | 0.25 | 1000000.0 |
| MBLY | ADDED | MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 | 9,680,000 | 0.25 | 1000000.0 |
| MBLY | ADDED | MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 | 9,680,000 | 0.25 | 1000000.0 |
| - | TELOS CORP MD | COM | 87969B101 | 9,660,000 | 0.25 | 2100000.0 | |
| CLF | REDUCED | CLEVELAND-CLIFFS INC NEW | COM | 185899101 | 9,390,000 | 0.24 | 1000000.0 |
| NXE | UNCHANGED | NEXGEN ENERGY LTD | COM | 65340P106 | 9,390,000 | 0.24 | 1000000.0 |
| SLB | ADDED | SLB LIMITED | COM STK | 806857108 | 9,298,000 | 0.24 | 200000.0 |
| W | REDUCED | WAYFAIR INC | CL A | 94419L101 | 9,242,000 | 0.24 | 100000.0 |
| AOMR | UNCHANGED | ANGEL OAK MORTGAGE REIT INC | COM | 03464Y108 | 9,080,000 | 0.23 | 1000000.0 |
| BORR | UNCHANGED | BORR DRILLING LTD | SHS | G1466R173 | 8,260,000 | 0.21 | 2000000.0 |
| ONDS | NEW | ONDAS INC | COM NEW | 68236H204 | 8,240,000 | 0.21 | 1000000.0 |
| ONDS | NEW | ONDAS INC | COM NEW | 68236H204 | 8,240,000 | 0.21 | 1000000.0 |
| EVTL | ADDED | VERTICAL AEROSPACE LTD | SHS NEW | G9471C206 | 7,134,000 | 0.18 | 4100000.0 |
| EOSE | NEW | EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 | 7,056,000 | 0.18 | 1200000.0 |
| PONY | UNCHANGED | PONY AI INC | SPONSORED ADS | 732908108 | 6,950,000 | 0.18 | 1000000.0 |
| RUN | ADDED | SUNRUN INC | COM | 86771W105 | 6,690,000 | 0.17 | 500000.0 |
| PONY | UNCHANGED | PONY AI INC | SPONSORED ADS | 732908108 | 6,602,500 | 0.17 | 950000.0 |
| GSM | UNCHANGED | FERROGLOBE PLC | SHS | G33856108 | 6,360,000 | 0.16 | 2000000.0 |
| ENVX | UNCHANGED | ENOVIX CORPORATION | COM | 293594107 | 6,070,000 | 0.16 | 1000000.0 |
| ISOU | REDUCED | ISOENERGY LTD | COM NEW | 46500E867 | 5,982,000 | 0.15 | 600000.0 |
| DNLI | REDUCED | DENALI THERAPEUTICS INC | COM | 24823R105 | 5,144,000 | 0.13 | 200000.0 |
| - | EVE HLDG INC | COM | 29970N104 | 5,020,000 | 0.13 | 2000000.0 | |
| RIG | UNCHANGED | TRANSOCEAN LTD | REGISTERED SHS | H8817H100 | 4,890,000 | 0.13 | 1000000.0 |
| LUCD | UNCHANGED | LUCID DIAGNOSTICS INC | COM | 54948X109 | 4,280,000 | 0.11 | 4000000.0 |
| - | SENSEONICS HLDGS INC | COM | 81727U303 | 3,976,000 | 0.1 | 700000.0 | |
| - | PLUG PWR INC | COM NEW | 72919P202 | 2,710,000 | 0.07 | 1000000.0 | |
| UP | REDUCED | WHEELS UP EXPERIENCE INC | COM CL A | 96328L304 | 2,691,000 | 0.07 | 300000.0 |
| - | INTEGRA RES CORP | COM | 45826T509 | 2,270,000 | 0.06 | 1000000.0 | |
| STIM | UNCHANGED | NEURONETICS INC | COM | 64131A105 | 1,300,000 | 0.03 | 1000000.0 |
| VYX | ADDED | NCR VOYIX CORPORATION | COM | 62886E108 | 1,225,500 | 0.03 | 150000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 3,896,716,952 | 93 | 10.647518 | 0.395047 | 24.667753 |
| 2026-03-31 | 2026-05-15 | 3,026,366,579 | 98 | 11.363754 | 0.436319 | 23.133362 |
| 2025-12-31 | 2026-02-17 | 2,451,182,443 | 85 | 12.309335 | 0.479712 | 28.137824 |
| 2025-09-30 | 2025-11-14 | 2,760,166,595 | 83 | 7.892662 | 0.293331 | 18.265876 |
| 2025-03-31 | 2025-05-15 | 2,034,065,787 | 82 | 13.043578 | 0.513823 | 23.71567 |
| 2024-12-31 | 2025-02-14 | 2,707,342,117 | 90 | 11.029161 | 0.428364 | 24.271677 |