MASTERS CAPITAL MANAGEMENT LLC
Follow13F filer, CIK 1104186, ATLANTA, GA
MASTERS CAPITAL MANAGEMENT LLC reported $2,567,076,043 across 72 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 54.23% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104186-25-000008
- Period
- 2025-06-30
- Reported value
- $2.57B
- Holdings
- 72
- Top 10 weight
- 54.23%
- New
- 24
- Sold out
- 21
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SMGnew | +200,000 | $13.2M |
| NOVadded | +1,000,000 | $12.4M |
| LIONnew | +2,000,000 | $11.6M |
| BMYnew | +250,000 | $11.6M |
| PPGnew | +100,000 | $11.4M |
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 |
|---|---|---|
| AAexited | -1,000,000 | -$30.5M |
| MIRexited | -1,000,000 | -$14.5M |
| Wexited | -400,000 | -$12.8M |
| LIONS GATE ENTMNT CORPexited | -1,500,000 | -$11.9M |
| VALEexited | -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.
Holdings, Q2 2025
Share positions as resolved from 13F-HR 0001104186-25-000008, largest first. % of portfolio is the value over $519,262,664, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| FLRFLUOR CORP | 1,000,000 | $51.3M | 9.87% | 0 | Timeline | ||
| DALDELTA AIR LINES INC | 1,000,000 | $49.2M | 9.47% | -91,628 | Timeline | ||
| UPSUNITED PARCEL SVCS INC | 300,000 | $30.3M | 5.83% | +100,000 | Timeline | ||
| NOVNOV INC | 2,000,000 | $24.9M | 4.79% | +1,000,000 | Timeline | ||
| ASTSAST SPACEMOBILE INC | 500,000 | $23.4M | 4.5% | -100,000 | Timeline | ||
| INTCINTEL CORP | 1,000,000 | $22.4M | 4.31% | 0 | Timeline | ||
| VYXNCR VOYIX CORPORATION | 1,900,000 | $22.3M | 4.29% | +900,000 | Timeline | ||
| ENVXENOVIX CORPORATION | 2,000,000 | $20.7M | 3.98% | +300,000 | Timeline | ||
| EMNEASTMAN CHEM CO | 250,000 | $18.7M | 3.59% | +50,000 | Timeline | ||
| BCSBARCLAYS PLC | 1,000,000 | $18.6M | 3.58% | -500,000 | Timeline | ||
| CLFCLEVELAND-CLIFFS INC NEW | 2,000,000 | $15.2M | 2.93% | -500,000 | Timeline | ||
| FTKFLOTEK INDUSTRIES INC | 1,000,000 | $14.8M | 2.84% | +500,000 | Timeline | ||
| NXENEXGEN ENERGY LTD | 2,000,000 | $13.9M | 2.67% | 0 | Timeline | ||
| EVEXEVE HLDG INC | 2,000,000 | $13.7M | 2.64% | -50,000 | Timeline | ||
| PONYPONY AI INC | 1,000,000 | $13.2M | 2.54% | 0 | Timeline | ||
| SMGSCOTTS MIRACLE-GRO CO | 200,000 | $13.2M | 2.54% | new | Timeline | ||
| BWAYBRAINSWAY LTD | 1,000,000 | $13.2M | 2.53% | 0 | Timeline | ||
| PBRPETROLEO BRASILEIRO S A | 1,000,000 | $12.5M | 2.41% | 0 | Timeline | ||
| VFCV F CORP | 1,000,000 | $11.8M | 2.26% | -100,000 | Timeline | ||
| LIONLIONSGATE STUDIOS CORP | 2,000,000 | $11.6M | 2.24% | new | Timeline | ||
| BMYBRISTOL-MYERS SQUIBB CO | 250,000 | $11.6M | 2.23% | new | Timeline | ||
| PPGPPG INDS INC | 100,000 | $11.4M | 2.19% | new | Timeline | ||
| ACHRARCHER AVIATION INC | 1,000,000 | $10.8M | 2.09% | 0 | Timeline | ||
| AOMRANGEL OAK MORTGAGE REIT INC | 1,000,000 | $9.42M | 1.81% | -100,000 | Timeline | ||
| DNLIDENALI THERAPEUTICS INC | 600,000 | $8.39M | 1.62% | new | Timeline | ||
| GSMFERROGLOBE PLC | 2,000,000 | $7.34M | 1.41% | 0 | Timeline | ||
| TTITETRA TECHNOLOGIES INC DEL | 2,000,000 | $6.72M | 1.29% | +100,000 | Timeline | ||
| ETORETORO GROUP LTD | 100,000 | $6.66M | 1.28% | new | Timeline | ||
| TLSTELOS CORP MD | 2,000,000 | $6.34M | 1.22% | -700,000 | Timeline | ||
| GPREGREEN PLAINS INC | 1,000,000 | $6.03M | 1.16% | +500,000 | Timeline | ||
| BORRBORR DRILLING LTD | 2,100,000 | $3.84M | 0.74% | +139,900 | Timeline | ||
| STIMNEURONETICS INC | 1,000,000 | $3.49M | 0.67% | 0 | Timeline | ||
| LUCDLUCID DIAGNOSTICS INC | 2,727,273 | $3.14M | 0.6% | 0 | Timeline | ||
| DOWDOW HLDGS INC | 100,000 | $2.65M | 0.51% | new | Timeline | ||
| SENSEONICS HLDGS INCSENSEONICS HLDGS INC | 4,500,000 | $2.14M | 0.41% | 0 | |||
| SRRKSCHOLAR ROCK HLDG CORP | 50,000 | $1.77M | 0.34% | new | Timeline | ||
| PLUGPLUG PWR INC | 1,000,000 | $1.49M | 0.29% | new | Timeline | ||
| UPWHEELS UP EXPERIENCE INC | 1,000,000 | $1.07M | 0.21% | new | Timeline | ||
| NGNOVAGOLD RESOURCES INC | 100,000 | $409K | 0.08% | new | 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 |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 1,000,000 | $618M | new |
| CCITIGROUP INC COM | call | 2,100,000 | $179M | +100,000 |
| WMTWALMART INC COM | put | 1,000,000 | $97.8M | +500,000 |
| TLTISHARES TR 20 YR TR BD ETF | call | 1,000,000 | $88.2M | -2,000,000 |
| FCXFREEPORT MCMORAN INC Stock | call | 2,000,000 | $86.7M | 0 |
| UALUNITED AIRLS HLDGS INC Stock | call | 1,000,000 | $79.6M | new |
| SLBSLB LIMITED COM | call | 2,000,000 | $67.6M | +500,000 |
| GDXJVANECK ETF TRUST JUNIOR GOLD MINE | call | 1,000,000 | $67.6M | new |
| INTCINTEL CORP COM | call | 3,000,000 | $67.2M | +1,000,000 |
| EMNEASTMAN CHEM CO Stock | call | 900,000 | $67.2M | +600,000 |
| MUMICRON TECHNOLOGY INC COM | call | 500,000 | $61.6M | -500,000 |
| BAXBAXTER INTL INC COM | call | 2,000,000 | $60.6M | 0 |
| ADMARCHER DANIELS MIDLAND CO Stock | call | 1,000,000 | $52.8M | new |
| WWAYFAIR INC CL A | call | 1,000,000 | $51.1M | +500,000 |
| UBERUBER TECHNOLOGIES INC COM | call | 500,000 | $46.6M | new |
| BMYBRISTOL-MYERS SQUIBB CO COM | call | 1,000,000 | $46.3M | -1,000,000 |
| TFCTRUIST FINL CORP Stock | call | 1,029,900 | $44.3M | +29,900 |
| BABOEING CO COM | call | 200,000 | $41.9M | new |
| MHKMOHAWK INDS INC COM | call | 300,000 | $31.5M | new |
| AAALCOA CORP Stock | call | 1,000,000 | $29.5M | 0 |
| FLRFLUOR CORP COM | call | 485,000 | $24.9M | -515,000 |
| DALDELTA AIR LINES INC Stock | put | 500,000 | $24.6M | new |
| COHRCOHERENT CORP Stock | call | 250,000 | $22.3M | -750,000 |
| PRGOPERRIGO CO PLC Stock | call | 697,400 | $18.6M | -302,600 |
| DOWDOW HLDGS INC Stock | call | 500,000 | $13.2M | new |
| NOVNOV INC COM | call | 1,000,000 | $12.4M | 0 |
| MIRMIRION TECHNOLOGIES INC COM CL A | call | 500,000 | $10.8M | new |
| ADNTADIENT PLC ORD SHS | call | 500,000 | $9.73M | new |
| LYFTLYFT INC CL A COM | call | 500,000 | $7.88M | new |
| CLFCLEVELAND-CLIFFS INC NEW Stock | call | 1,000,000 | $7.6M | -2,000,000 |
| QSQUANTUMSCAPE CORP Stock | call | 1,000,000 | $6.72M | 0 |
| RUNSUNRUN INC COM | call | 500,000 | $4.09M | -2,500,000 |
| INMBINMUNE BIO INC COM | call | 100,000 | $231K | new |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| DALDELTA AIR LINES INC | 1,900,000 | $82.8M | call |
| NUENUCOR CORP | 500,000 | $60.2M | call |
| GDXVANECK ETF TRUST | 1,000,000 | $46M | call |
| LVSLAS VEGAS SANDS CORP | 1,000,000 | $38.6M | call |
| UBERUBER TECHNOLOGIES INC | 500,000 | $36.4M | put |
| AAALCOA CORP | 1,000,000 | $30.5M | shares |
| DBDEUTSCHE BK AG | 1,000,000 | $23.8M | call |
| CRCCALIFORNIA RES CORP | 500,000 | $22M | call |
| VFCV F CORP | 1,000,000 | $15.5M | call |
| MIRMIRION TECHNOLOGIES INC | 1,000,000 | $14.5M | shares |
| WWAYFAIR INC | 400,000 | $12.8M | shares |
| LIONS GATE ENTMNT CORPLIONS GATE ENTMNT CORP | 1,500,000 | $11.9M | shares |
| VALEVALE S A | 970,000 | $9.68M | shares |
| MBLYMOBILEYE GLOBAL INC | 500,000 | $7.2M | shares |
| SMRNUSCALE PWR CORP | 500,000 | $7.08M | call |
| RIGTRANSOCEAN LTD | 2,000,000 | $6.34M | shares |
| GPREGREEN PLAINS INC | 1,000,000 | $4.85M | call |
| GOGOGOGO INC | 500,000 | $4.31M | shares |
| FCXFREEPORT MCMORAN INC | 100,000 | $3.79M | shares |
| LIONSGATE STUDIOS CORPLIONSGATE STUDIOS CORP | 500,000 | $3.73M | shares |
| NVTSNAVITAS SEMICONDUCTOR CORP | 1,000,000 | $2.05M | shares |
How Q2 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 0001104186-25-000008 | base | 2025-08-14 | acceptance time not in the bulk data set |