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Asset Manager ← All Institutions

MASTERS CAPITAL MANAGEMENT LLC

Q3 2025 · Filed 2025-11-14
Market Value
$607M
+19.4%
Holdings
46
New Purchases
10
Added To
7
Closed
7
Reduced
2
Top 10 Concentration
49.5%
Turnover
37.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADM 2.95% 0.00% +2.95% $18M
OLN 2.26% 0.00% +2.26% $14M
MHK 2.12% 0.00% +2.12% $13M
VALE 1.79% 0.00% +1.79% $11M
CRC 1.75% 0.00% +1.75% $11M
REAL 1.75% 0.00% +1.75% $11M
EMN 5.19% 3.67% +1.52% $32M
DOW 1.89% 0.52% +1.37% $11M
DCH 1.19% 0.00% +1.19% $7M
PONY 3.70% 2.59% +1.11% $22M
CLF 4.02% 2.99% +1.03% $24M
TLS 2.25% 1.25% +1.01% $14M
DQ 0.93% 0.00% +0.93% $6M
CE 0.69% 0.00% +0.69% $4M
BORR 1.33% 0.76% +0.57% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INTC 0.00% 4.40% -4.40% $0
FLR 6.93% 10.08% -3.15% $42M
SMG 0.00% 2.59% -2.59% $0
PPG 0.00% 2.24% -2.24% $0
UPS 4.13% 5.95% -1.83% $25M
TTI 0.00% 1.32% -1.32% $0
ETOR 0.00% 1.31% -1.31% $0
BMY 1.49% 2.27% -0.79% $9M
EVEX 1.91% 2.70% -0.78% $12M
ENVX 3.28% 4.07% -0.78% $20M
ACHR 1.58% 2.13% -0.56% $10M
ASTS 4.04% 4.59% -0.55% $25M
NOV 4.36% 4.89% -0.52% $26M
FTK 2.40% 2.90% -0.50% $15M
PBR 2.09% 2.46% -0.37% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $0 0.0%
Large Cap 10 $189M 31.1%
Mid Cap 20 $273M 45.0%
Small Cap 12 $129M 21.2%
Micro Cap 3 $16M 2.7%

Portfolio Analytics

Avg Market Cap
$29.4B
Median Market Cap
$3.8B
Avg P/E
26.7
Median P/E
17.0
Avg Dividend Yield
0.02%
Avg Beta
1.32
# Stocks
46
# ETFs / Funds
0

Top Holdings (46 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DAL 9.35% 1,000,000 $57M $56.75 $8M — —
2 FLR 6.93% 1,000,000 $42M $42.07 -$9M — —
3 EMN 5.19% 500,000 $32M $63.05 $13M +250,000 +100.0%
4 NOV 4.36% 2,000,000 $26M $13.25 $2M — —
5 NCR 4.34% 2,100,000 $26M $12.55 $4M +200,000 +10.5%
6 UPS 4.13% 300,000 $25M $83.53 -$5M — —
7 ASTS 4.04% 500,000 $25M $49.08 $1M — —
8 CLF 4.02% 2,000,000 $24M $12.20 $9M — —
9 PONY 3.70% 1,000,000 $22M $22.49 $9M — —
10 BCS 3.40% 1,000,000 $21M $20.67 $2M — —
11 ENVX 3.28% 2,000,000 $20M $9.97 -$740K — —
12 ADM 2.95% 300,000 $18M $59.74 — +300,000 — NEW
13 NXE 2.95% 2,000,000 $18M $8.95 $4M — —
14 BWAY 2.48% 1,000,000 $15M $15.07 $2M — —
15 FTK 2.40% 1,000,000 $15M $14.60 -$160K — —
16 VFC 2.38% 1,000,000 $14M $14.43 $3M — —
17 LION 2.27% 2,000,000 $14M $6.90 $2M — —
18 OLN 2.26% 550,000 $14M $24.99 — +550,000 — NEW
19 TLS 2.25% 2,000,000 $14M $6.84 $7M — —
20 MHK 2.12% 100,000 $13M $128.92 — +100,000 — NEW
21 PBR 2.09% 1,000,000 $13M $12.66 $150K — —
22 EVEX 1.91% 3,050,000 $12M $3.81 -$2M +1,050,000 +52.5%
23 DOW 1.89% 500,000 $11M $22.93 $9M +400,000 +400.0%
24 DNLI 1.79% 750,000 $11M $14.52 $2M +150,000 +25.0%
25 VALE 1.79% 1,000,000 $11M $10.86 — +1,000,000 — NEW
26 CRC 1.75% 200,000 $11M $53.18 — +200,000 — NEW
27 REAL 1.75% 1,000,000 $11M $10.63 — +1,000,000 — NEW
28 ACHR 1.58% 999,700 $10M $9.58 -$1M -300 -0.0%
29 AOMR 1.54% 1,000,000 $9M $9.37 -$50K — —
30 BMY 1.49% 200,000 $9M $45.10 -$3M -50,000 -20.0%
31 GPRE 1.45% 1,000,000 $9M $8.79 $3M — —
32 BORR 1.33% 3,000,000 $8M $2.69 $4M +900,000 +42.9%
33 DCH 1.19% 1,200,000 $7M $6.01 — +1,200,000 — NEW
34 DQ 0.93% 200,000 $6M $28.13 — +200,000 — NEW
35 CE 0.69% 100,000 $4M $42.08 — +100,000 — NEW
36 LUCD 0.67% 3,999,273 $4M $1.01 $903K +1,272,000 +46.6%
37 RIG 0.51% 1,000,000 $3M $3.12 — +1,000,000 — NEW
38 STIM 0.45% 1,000,000 $3M $2.73 -$760K — —
39 PLUG 0.38% 1,000,000 $2M $2.33 $840K — —
40 PPG —% — — — -$11M -100,000 -100.0% SOLD
41 NG —% — — — -$409K -100,000 -100.0% SOLD
42 SRRK —% — — — -$2M -50,000 -100.0% SOLD
43 SMG —% — — — -$13M -200,000 -100.0% SOLD
44 INTC —% — — — -$22M -1,000,000 -100.0% SOLD
45 TTI —% — — — -$7M -2,000,000 -100.0% SOLD
46 ETOR —% — — — -$7M -100,000 -100.0% SOLD

Options Breakdown

49 Calls $1.4B Call Value 4 Puts $698M Put Value 0.48 P/C Ratio

Top Calls

SymbolSharesValueStatus
IBM 500,000 $141M NEW
GILD 1,000,000 $111M NEW
C 1,000,000 $102M
UPS 1,000,000 $84M NEW
GLW 1,000,100 $82M NEW
SLB 2,000,000 $69M
INTC 2,000,000 $67M
AA 2,000,000 $66M
GM 1,000,000 $61M NEW
DAL 1,000,000 $57M NEW

Top Puts

SymbolSharesValueStatus
SPY 1,000,000 $666M
EMN 500,000 $32M NEW
WMT — $0 SOLD
DAL — $0 SOLD

New Positions

SymbolValue% Port
ADM $18M 2.95%
OLN $14M 2.26%
MHK $13M 2.12%
VALE $11M 1.79%
CRC $11M 1.75%
REAL $11M 1.75%
DCH $7M 1.19%
DQ $6M 0.93%
CE $4M 0.69%
RIG $3M 0.51%

Sold Out Positions

SymbolValue% Port
PPG — —%
TTI — —%
SMG — —%
ETOR — —%
INTC — —%
NG — —%
SRRK — —%
View SEC EDGAR Filings for MASTERS CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms