MASTERS CAPITAL MANAGEMENT LLC
Follow13F filer, CIK 1104186, ATLANTA, GA
MASTERS CAPITAL MANAGEMENT LLC reported $2,034,065,787 across 69 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 53.4% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104186-25-000005
- Period
- 2025-03-31
- Reported value
- $2.03B
- Holdings
- 69
- Top 10 weight
- 53.4%
- New
- 24
- Sold out
- 30
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| UPSnew | +200,000 | $22M |
| EMNnew | +200,000 | $17.6M |
| PBRnew | +1,000,000 | $14.3M |
| VYXnew | +1,000,000 | $9.75M |
| VALEnew | +970,000 | $9.68M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| DBexited | -1,800,000 | -$30.7M |
| DOWexited | -600,000 | -$24.1M |
| Texited | -1,000,000 | -$22.8M |
| VNOexited | -400,001 | -$16.8M |
| EMBJexited | -400,000 | -$14.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q1 2025
Share positions as resolved from 13F-HR 0001104186-25-000005, largest first. % of portfolio is the value over $472,107,787, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| DALDELTA AIR LINES INC | 1,091,628 | $47.6M | 10.08% | +91,628 | Timeline | ||
| FLRFLUOR CORP | 1,000,000 | $35.8M | 7.59% | 0 | Timeline | ||
| AAALCOA CORP | 1,000,000 | $30.5M | 6.46% | 0 | Timeline | ||
| BCSBARCLAYS PLC | 1,500,000 | $23M | 4.88% | -400,000 | Timeline | ||
| INTCINTEL CORP | 1,000,000 | $22.7M | 4.81% | 0 | Timeline | ||
| UPSUNITED PARCEL SVCS INC | 200,000 | $22M | 4.66% | new | Timeline | ||
| CLFCLEVELAND-CLIFFS INC NEW | 2,500,000 | $20.6M | 4.35% | +500,000 | Timeline | ||
| EMNEASTMAN CHEM CO | 200,000 | $17.6M | 3.73% | new | Timeline | ||
| VFCV F CORP | 1,100,000 | $17.1M | 3.62% | +100,000 | Timeline | ||
| NOVNOV INC | 1,000,000 | $15.2M | 3.22% | -500,000 | Timeline | ||
| MIRMIRION TECHNOLOGIES INC | 1,000,000 | $14.5M | 3.07% | 0 | Timeline | ||
| PBRPETROLEO BRASILEIRO S A | 1,000,000 | $14.3M | 3.04% | new | Timeline | ||
| ASTSAST SPACEMOBILE INC | 600,000 | $13.6M | 2.89% | -200,000 | Timeline | ||
| WWAYFAIR INC | 400,000 | $12.8M | 2.71% | +200,000 | Timeline | ||
| ENVXENOVIX CORPORATION | 1,700,000 | $12.5M | 2.64% | +300,000 | Timeline | ||
| LIONS GATE ENTMNT CORPLIONS GATE ENTMNT CORP | 1,500,000 | $11.9M | 2.52% | -500,000 | |||
| AOMRANGEL OAK MORTGAGE REIT INC | 1,100,000 | $10.5M | 2.22% | -15,000 | Timeline | ||
| VYXNCR VOYIX CORPORATION | 1,000,000 | $9.75M | 2.07% | new | Timeline | ||
| VALEVALE S A | 970,000 | $9.68M | 2.05% | new | Timeline | ||
| BWAYBRAINSWAY LTD | 1,000,000 | $9.47M | 2.01% | 0 | Timeline | ||
| NXENEXGEN ENERGY LTD | 2,000,000 | $8.98M | 1.9% | 0 | Timeline | ||
| PONYPONY AI INC | 1,000,000 | $8.82M | 1.87% | +500,000 | Timeline | ||
| GSMFERROGLOBE PLC | 2,000,000 | $7.42M | 1.57% | -1,000,000 | Timeline | ||
| MBLYMOBILEYE GLOBAL INC | 500,000 | $7.2M | 1.52% | 0 | Timeline | ||
| ACHRARCHER AVIATION INC | 1,000,000 | $7.11M | 1.51% | 0 | Timeline | ||
| EVEXEVE HLDG INC | 2,050,000 | $6.81M | 1.44% | +350,000 | Timeline | ||
| TLSTELOS CORP MD | 2,700,000 | $6.43M | 1.36% | -100,000 | Timeline | ||
| TTITETRA TECHNOLOGIES INC DEL | 1,900,000 | $6.38M | 1.35% | -100,000 | Timeline | ||
| RIGTRANSOCEAN LTD | 2,000,000 | $6.34M | 1.34% | 0 | Timeline | ||
| GOGOGOGO INC | 500,000 | $4.31M | 0.91% | new | Timeline | ||
| BORRBORR DRILLING LTD | 1,960,100 | $4.29M | 0.91% | new | Timeline | ||
| FTKFLOTEK INDUSTRIES INC | 500,000 | $4.17M | 0.88% | 0 | Timeline | ||
| LUCDLUCID DIAGNOSTICS INC | 2,727,273 | $4.06M | 0.86% | new | Timeline | ||
| FCXFREEPORT MCMORAN INC | 100,000 | $3.79M | 0.8% | new | Timeline | ||
| LIONSGATE STUDIOS CORPLIONSGATE STUDIOS CORP | 500,000 | $3.73M | 0.79% | 0 | |||
| STIMNEURONETICS INC | 1,000,000 | $3.68M | 0.78% | -500,000 | Timeline | ||
| SENSEONICS HLDGS INCSENSEONICS HLDGS INC | 4,500,000 | $2.95M | 0.63% | -2,500,000 | |||
| GPREGREEN PLAINS INC | 500,000 | $2.42M | 0.51% | new | Timeline | ||
| NVTSNAVITAS SEMICONDUCTOR CORP | 1,000,000 | $2.05M | 0.43% | 0 | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| TLTISHARES TR 20 YR TR BD ETF | call | 3,000,000 | $273M | new |
| CCITIGROUP INC COM | call | 2,000,000 | $142M | 0 |
| BMYBRISTOL-MYERS SQUIBB CO COM | call | 2,000,000 | $122M | 0 |
| MUMICRON TECHNOLOGY INC COM | call | 1,000,000 | $86.9M | new |
| DALDELTA AIR LINES INC Stock | call | 1,900,000 | $82.8M | +900,000 |
| FCXFREEPORT MCMORAN INC Stock | call | 2,000,000 | $75.7M | 0 |
| BAXBAXTER INTL INC COM | call | 2,000,000 | $68.5M | new |
| COHRCOHERENT CORP Stock | call | 1,000,000 | $64.9M | new |
| SLBSLB LIMITED COM | call | 1,500,000 | $62.7M | -1,500,000 |
| NUENUCOR CORP Stock | call | 500,000 | $60.2M | new |
| GDXVANECK ETF TRUST GOLD MINERS ETF | call | 1,000,000 | $46M | new |
| INTCINTEL CORP COM | call | 2,000,000 | $45.4M | -1,000,000 |
| WMTWALMART INC COM | put | 500,000 | $43.9M | new |
| TFCTRUIST FINL CORP Stock | call | 1,000,000 | $41.1M | new |
| LVSLAS VEGAS SANDS CORP Stock | call | 1,000,000 | $38.6M | 0 |
| UBERUBER TECHNOLOGIES INC COM | put | 500,000 | $36.4M | new |
| FLRFLUOR CORP COM | call | 1,000,000 | $35.8M | 0 |
| AAALCOA CORP Stock | call | 1,000,000 | $30.5M | 0 |
| PRGOPERRIGO CO PLC Stock | call | 1,000,000 | $28M | 0 |
| EMNEASTMAN CHEM CO Stock | call | 300,000 | $26.4M | new |
| CLFCLEVELAND-CLIFFS INC NEW Stock | call | 3,000,000 | $24.7M | 0 |
| DBDEUTSCHE BK AG Stock | call | 1,000,000 | $23.8M | 0 |
| CRCCALIFORNIA RES CORP COM STOCK | call | 500,000 | $22M | -500,000 |
| RUNSUNRUN INC COM | call | 3,000,000 | $17.6M | +1,000,000 |
| WWAYFAIR INC CL A | call | 500,000 | $16M | new |
| VFCV F CORP Stock | call | 1,000,000 | $15.5M | new |
| NOVNOV INC COM | call | 1,000,000 | $15.2M | 0 |
| SMRNUSCALE PWR CORP Stock | call | 500,000 | $7.08M | new |
| GPREGREEN PLAINS INC COM | call | 1,000,000 | $4.85M | new |
| QSQUANTUMSCAPE CORP Stock | call | 1,000,000 | $4.16M | 0 |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 500,000 | $293M | put |
| BABAALIBABA GROUP HLDG LTD | 2,000,000 | $170M | call |
| MMM3M CO | 900,000 | $116M | call |
| HONHONEYWELL INTL INC | 500,000 | $113M | call |
| MDTMEDTRONIC PLC | 800,000 | $63.9M | call |
| UBERUBER TECHNOLOGIES INC | 1,000,000 | $60.3M | call |
| GILDGILEAD SCIENCES INC | 600,000 | $55.4M | call |
| IPINTERNATIONAL PAPER CO | 1,000,000 | $53.8M | call |
| XOMEXXON MOBIL CORP | 500,000 | $53.8M | call |
| GMGENERAL MTRS CO | 1,000,000 | $53.3M | call |
| CVSCVS HEALTH CORP | 1,000,000 | $44.9M | call |
| YPFYPF SOCIEDAD ANONIMA | 1,000,000 | $42.5M | call |
| DBDEUTSCHE BK AG | 1,800,000 | $30.7M | shares |
| CSCOCISCO SYS INC | 500,000 | $29.6M | call |
| DOWDOW HLDGS INC | 600,000 | $24.1M | shares |
| TAT&T INC | 1,000,000 | $22.8M | shares |
| DOWDOW HLDGS INC | 500,000 | $20.1M | put |
| RIGTRANSOCEAN LTD | 5,000,000 | $18.8M | call |
| VALEVALE S A | 2,000,000 | $17.7M | call |
| FSLRFIRST SOLAR INC | 100,000 | $17.6M | call |
| VNOVORNADO RLTY TR | 400,001 | $16.8M | shares |
| EMBJEMBRAER S.A. | 400,000 | $14.7M | shares |
| PRGOPERRIGO CO PLC | 500,000 | $12.9M | shares |
| SRRKSCHOLAR ROCK HLDG CORP | 275,000 | $11.9M | call |
| MBLYMOBILEYE GLOBAL INC | 500,000 | $9.96M | call |
| RUNSUNRUN INC | 1,000,000 | $9.25M | shares |
| GOGOGOGO INC | 1,000,000 | $8.09M | call |
| LUCID GROUP INCLUCID GROUP INC | 1,000,000 | $3.02M | shares |
| WW INTL INCWW INTL INC | 2,000,000 | $2.54M | call |
| BLUEBIRD BIO INC COM NEWBLUEBIRD BIO INC COM NEW | 48,750 | $407K | shares |
How Q1 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001104186-25-000005 | base | 2025-05-15 | acceptance time not in the bulk data set |