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Asset Manager ← All Institutions

MASTERS CAPITAL MANAGEMENT LLC

Q3 2025 · Filed 2025-11-14
Market Value
$582M
+19.8%
Holdings
45
New Purchases
11
Added To
6
Closed
7
Reduced
2
Top 10 Concentration
51.6%
Turnover
40.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADM 3.08% 0.00% +3.08% $18M
OLN 2.36% 0.00% +2.36% $14M
MHK 2.22% 0.00% +2.22% $13M
VALE 1.87% 0.00% +1.87% $11M
CRC 1.83% 0.00% +1.83% $11M
REAL 1.83% 0.00% +1.83% $11M
EMN 5.42% 3.84% +1.57% $32M
DOW 1.97% 0.55% +1.42% $11M
AXL 1.24% 0.00% +1.24% $7M
PONY 3.86% 2.72% +1.15% $22M
CLF 4.19% 3.13% +1.06% $24M
TLS 2.35% 1.30% +1.05% $14M
DQ 0.97% 0.00% +0.97% $6M
CE 0.72% 0.00% +0.72% $4M
RIG 0.54% 0.00% +0.54% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INTC 0.00% 4.61% -4.61% $0
FLR 7.23% 10.55% -3.33% $42M
SMG 0.00% 2.72% -2.72% $0
PPG 0.00% 2.34% -2.34% $0
UPS 4.31% 6.23% -1.93% $25M
TTI 0.00% 1.38% -1.38% $0
ETOR 0.00% 1.37% -1.37% $0
BMY 1.55% 2.38% -0.83% $9M
ENVX 3.43% 4.26% -0.83% $20M
EVEX 2.00% 2.82% -0.83% $12M
ASTS 4.22% 4.81% -0.59% $25M
ACHR 1.65% 2.23% -0.59% $10M
NOV 4.55% 5.12% -0.56% $26M
PBR 2.18% 2.57% -0.40% $13M
DAL 9.75% 10.12% -0.37% $57M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $0 0.0%
Large Cap 10 $189M 32.5%
Mid Cap 21 $284M 48.7%
Small Cap 9 $91M 15.6%
Micro Cap 4 $18M 3.2%

Portfolio Analytics

Avg Market Cap
$30.8B
Median Market Cap
$4.8B
Avg P/E
33.7
Median P/E
16.7
Avg Dividend Yield
0.02%
Avg Beta
1.34
# Stocks
45
# ETFs / Funds
0

Top Holdings (45 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DAL 9.75% 1,000,000 $57M $56.75 $8M
2 FLR 7.23% 1,000,000 $42M $42.07 -$9M
3 EMN 5.42% 500,000 $32M $63.05 $13M +250,000 +100.0%
4 NOV 4.55% 2,000,000 $26M $13.25 $2M
5 NCR 4.53% 2,100,000 $26M $12.55 $4M +200,000 +10.5%
6 UPS 4.31% 300,000 $25M $83.53 -$5M
7 ASTS 4.22% 500,000 $25M $49.08 $1M
8 CLF 4.19% 2,000,000 $24M $12.20 $9M
9 PONY 3.86% 1,000,000 $22M $22.49 $9M
10 BCS 3.55% 1,000,000 $21M $20.67 $2M
11 ENVX 3.43% 2,000,000 $20M $9.97 -$740K
12 ADM 3.08% 300,000 $18M $59.74 +300,000 NEW
13 NXE 3.08% 2,000,000 $18M $8.95 $4M
14 BWAY 2.59% 1,000,000 $15M $15.07 $2M
15 VFC 2.48% 1,000,000 $14M $14.43 $3M
16 OLN 2.36% 550,000 $14M $24.99 +550,000 NEW
17 TLS 2.35% 2,000,000 $14M $6.84 $7M
18 MHK 2.22% 100,000 $13M $128.92 +100,000 NEW
19 PBR 2.18% 1,000,000 $13M $12.66 $150K
20 EVEX 2.00% 3,050,000 $12M $3.81 -$2M +1,050,000 +52.5%
21 DOW 1.97% 500,000 $11M $22.93 $9M +400,000 +400.0%
22 DNLI 1.87% 750,000 $11M $14.52 $2M +150,000 +25.0%
23 VALE 1.87% 1,000,000 $11M $10.86 +1,000,000 NEW
24 CRC 1.83% 200,000 $11M $53.18 +200,000 NEW
25 REAL 1.83% 1,000,000 $11M $10.63 +1,000,000 NEW
26 ACHR 1.65% 999,700 $10M $9.58 -$1M -300 -0.0%
27 AOMR 1.61% 1,000,000 $9M $9.37 -$50K
28 GSM 1.56% 2,000,000 $9M $4.55 $2M
29 BMY 1.55% 200,000 $9M $45.10 -$3M -50,000 -20.0%
30 GPRE 1.51% 1,000,000 $9M $8.79 $3M
31 AXL 1.24% 1,200,000 $7M $6.01 +1,200,000 NEW
32 DQ 0.97% 200,000 $6M $28.13 +200,000 NEW
33 CE 0.72% 100,000 $4M $42.08 +100,000 NEW
34 LUCD 0.69% 3,999,273 $4M $1.01 $903K +1,272,000 +46.6%
35 RIG 0.54% 1,000,000 $3M $3.12 +1,000,000 NEW
36 STIM 0.47% 1,000,000 $3M $2.73 -$760K
37 PLUG 0.40% 1,000,000 $2M $2.33 $840K
38 NFE 0.38% 1,000,000 $2M $2.21 +1,000,000 NEW
39 PPG —% -$11M -100,000 -100.0% SOLD
40 ETOR —% -$7M -100,000 -100.0% SOLD
41 TTI —% -$7M -2,000,000 -100.0% SOLD
42 SRRK —% -$2M -50,000 -100.0% SOLD
43 NG —% -$409K -100,000 -100.0% SOLD
44 SMG —% -$13M -200,000 -100.0% SOLD
45 INTC —% -$22M -1,000,000 -100.0% SOLD

Options Breakdown

50 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 3.08%
OLN $14M 2.36%
MHK $13M 2.22%
VALE $11M 1.87%
CRC $11M 1.83%
REAL $11M 1.83%
AXL $7M 1.24%
DQ $6M 0.97%
CE $4M 0.72%
RIG $3M 0.54%
NFE $2M 0.38%

Sold Out Positions

SymbolValue% Port
TTI —%
SMG —%
PPG —%
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