MASTERS CAPITAL MANAGEMENT LLC
CIK 1104186 · Holdings on Mar 31, 2025 · First reported May 15, 2025
Top ten holdings
Q1 2025- DAL10.08%
- FLR7.59%
- AA6.46%
- BCS4.88%
- INTC4.81%
- UPS4.66%
- CLF4.35%
- EMN3.73%
- VFC3.62%
- NOV3.22%
Share classes counted separately53.40%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- INTCWeight increased · +1.39 pp3.42% → 4.81%Shares 0 (0.00%)
- WWeight increased · +1.20 pp1.51% → 2.71%Shares +200.00K (+100.00%)
- CLFWeight increased · +1.14 pp3.21% → 4.35%Shares +500.00K (+25.00%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | DALDELTA AIR LINES INCCOM NEW View history and evidence | $47.59M | 10.08% | 1.09M shares | 10.32% → 10.08%-0.24 pp +91.63K (+9.16%) | Added | ↗▾ |
| 02 | FLRFLUOR CORP View history and evidence | $35.82M | 7.59% | 1.00M shares | 8.42% → 7.59%-0.83 pp 0 (0.00%) | Unchanged | ↗▾ |
| 03 | AAALCOA CORP View history and evidence | $30.50M | 6.46% | 1.00M shares | 6.45% → 6.46%+0.01 pp 0 (0.00%) | Unchanged | ↗▾ |
| 04 | BCSBARCLAYS PLC-SPONS ADRADR View history and evidence | $23.04M | 4.88% | 1.50M shares | 4.31% → 4.88%+0.57 pp -400.00K (-21.05%) | Reduced | ↗▾ |
| 05 | INTCINTEL CORP View history and evidence | $22.71M | 4.81% | 1.00M shares | 3.42% → 4.81%+1.39 pp 0 (0.00%) | Unchanged | ↗▾ |
| 06 | UPSUNITED PARCEL SERVICE-CL BCL B View history and evidence | $22.00M | 4.66% | 200.00K shares | Prior unavailable +200.00K | New | ↗▾ |
| 07 | CLFCLEVELAND-CLIFFS INC View history and evidence | $20.55M | 4.35% | 2.50M shares | 3.21% → 4.35%+1.14 pp +500.00K (+25.00%) | Added | ↗▾ |
| 08 | EMNEASTMAN CHEMICAL CO View history and evidence | $17.62M | 3.73% | 200.00K shares | Prior unavailable +200.00K | New | ↗▾ |
| 09 | VFCVF CORP View history and evidence | $17.07M | 3.62% | 1.10M shares | 3.66% → 3.62%-0.04 pp +100.00K (+10.00%) | Added | ↗▾ |
| 10 | NOVNOV INC View history and evidence | $15.22M | 3.22% | 1.00M shares | 3.74% → 3.22%-0.52 pp -500.00K (-33.33%) | Reduced | ↗▾ |
Options overlay 30
$1.56B notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
TLTISHARES 20+ YEAR TREASURY BD20 YR TR BD ETF View history and evidence | Call | 3.00M | $273.09M | +3.00M | ▾ |
CCITIGROUP INCCOM NEW View history and evidence | Call | 2.00M | $141.98M | 0 (0.00%) | ▾ |
BMYBRISTOL-MYERS SQUIBB CO View history and evidence | Call | 2.00M | $121.98M | 0 (0.00%) | ▾ |
3 / 30 options · preview only
Exited positions 30
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| SPY SS SPDR S&P 500 ETF TRUST-US | Put | -500,000 | -$293.04M | SEC filing ↗ | SEC filing ↗ |
| BABA ALIBABA GROUP HOLDING-SP ADR | Call | -2,000,000 | -$169.58M | SEC filing ↗ | SEC filing ↗ |
| MMM 3M CO | Call | -900,000 | -$116.18M | SEC filing ↗ | SEC filing ↗ |
3 / 30 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1104186 · Period 2025-03-31
Data loaded 2026-09-23 · First reported 2025-05-15
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 2034065787
}Research all 69 reported holdings.
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