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Asset Manager ← All Institutions

Massar Capital Management, LP

Q4 2025 · Filed 2026-02-17
Market Value
$495M
+81.0%
Holdings
341
+146
New Purchases
189
Added To
26
Closed
65
Reduced
14
Top 10 Concentration
38.9%
Turnover
74.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BABA 10.54% 1.11% +9.43% $52M
ORCL 4.89% 0.00% +4.89% $24M
COIN 3.38% 0.00% +3.38% $17M
MARA 2.96% 0.00% +2.96% $15M
XLU 2.49% 0.00% +2.49% $12M
SQ 4.62% 2.51% +2.11% $23M
MP 1.44% 0.00% +1.44% $7M
AMZN 1.41% 0.00% +1.41% $7M
KBWB 1.04% 0.00% +1.04% $5M
MSTR 3.10% 2.12% +0.99% $15M
EFA 0.87% 0.00% +0.87% $4M
PWR 0.79% 0.00% +0.79% $4M
FI 0.78% 0.00% +0.78% $4M
ERO 0.66% 0.00% +0.66% $3M
NSC 0.59% 0.00% +0.59% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UPS 1.16% 10.93% -9.77% $6M
GTLB 0.48% 4.64% -4.16% $2M
EWZ 3.43% 6.06% -2.63% $17M
IBIT 0.53% 3.05% -2.52% $3M
SMH 0.00% 1.74% -1.74% $0
GFS 0.00% 1.70% -1.70% $0
ETH 2.02% 3.65% -1.63% $10M
TPL 0.94% 2.39% -1.45% $5M
NPK 0.00% 1.33% -1.33% $0
INTC 0.51% 1.84% -1.33% $3M
SMLR 0.46% 1.64% -1.18% $2M
CMG 0.00% 1.10% -1.10% $0
XBI 0.00% 1.10% -1.10% $0
WIX 0.00% 0.79% -0.79% $0
FLR 0.00% 0.79% -0.79% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 19 $109M 21.9%
Large Cap 128 $216M 43.5%
Mid Cap 104 $101M 20.3%
Small Cap 74 $61M 12.3%
Micro Cap 16 $10M 1.9%

Portfolio Analytics

Avg Market Cap
$85.7B
Median Market Cap
$7.0B
Avg P/E
35.5
Median P/E
23.6
Avg Dividend Yield
0.02%
Avg Beta
1.12
# Stocks
307
# ETFs / Funds
34

Top Holdings (341 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BABA 10.54% 356,393 $52M $146.58 $49M +339,393 +1996.4%
2 ORCL 4.89% 124,257 $24M $194.91 +124,257 NEW
3 SQ 4.62% 351,504 $23M $65.09 $16M +256,579 +270.3%
4 EWZ 3.43% 535,000 $17M $31.77 $412K
5 COIN 3.38% 74,027 $17M $226.14 +74,027 NEW
6 MSTR 3.10% 101,139 $15M $151.95 $10M +83,162 +462.6%
7 MARA 2.96% 1,632,806 $15M $8.98 +1,632,806 NEW
8 XLU 2.49% 288,468 $12M $42.69 +288,468 NEW
9 ETH 2.02% 356,825 $10M $28.06 $22K +101,825 +39.9%
10 MP 1.44% 140,800 $7M $50.52 +140,800 NEW
11 AMZN 1.41% 30,291 $7M $230.82 +30,291 NEW
12 SMFG 1.25% 320,000 $6M $19.33 $3M +120,000 +60.0%
13 UPS 1.16% 58,000 $6M $99.19 -$24M -300,000 -83.8%
14 HON 1.07% 27,219 $5M $195.09 $4M +19,719 +262.9%
15 KBWB 1.04% 61,062 $5M $84.29 +61,062 NEW
16 LULU 0.99% 23,697 $5M $207.81 $3M +13,597 +134.6%
17 MFG 0.96% 650,000 $5M $7.32 $2M +273,000 +72.4%
18 TPL 0.94% 16,260 $5M $287.22 -$2M +9,260 +132.3%
19 MUFG 0.90% 280,000 $4M $15.86 $2M +131,500 +88.5%
20 EFA 0.87% 44,875 $4M $96.03 +44,875 NEW
21 URA 0.84% 97,500 $4M $42.73 $2M +42,500 +77.3%
22 PWR 0.79% 9,305 $4M $422.06 +9,305 NEW
23 FI 0.78% 57,861 $4M $67.17 +57,861 NEW
24 NE 0.71% 123,960 $4M $28.24 $2M +78,960 +175.5%
25 MELI 0.70% 1,715 $3M $2,014.26 $2M +1,062 +162.6%
26 DIS 0.66% 28,847 $3M $113.77 $1M +11,957 +70.8%
27 ERO 0.66% 115,734 $3M $28.29 +115,734 NEW
28 QQQ 0.65% 5,264 $3M $614.31 $2M +2,472 +88.5%
29 JD 0.64% 110,200 $3M $28.70 -$692K
30 ECH 0.61% 75,000 $3M $40.40 $558K
31 NSC 0.59% 10,100 $3M $288.72 +10,100 NEW
32 UUUU 0.56% 192,020 $3M $14.54 $2M +163,020 +562.1%
33 SG 0.56% 411,000 $3M $6.76 -$501K
34 ODFL 0.54% 17,135 $3M $156.80 +17,135 NEW
35 IBIT 0.53% 52,696 $3M $49.65 -$6M -75,849 -59.0%
36 FLNC 0.53% 131,600 $3M $19.78 +131,600 NEW
37 INTC 0.51% 68,885 $3M $36.90 -$2M -81,115 -54.1%
38 GOOGL 0.51% 8,000 $3M $313.00 $559K
39 NEE 0.50% 30,950 $2M $80.28 +30,950 NEW
40 JMIA 0.50% 198,495 $2M $12.49 +198,495 NEW
41 CLPT 0.49% 176,228 $2M $13.68 $1M +112,228 +175.4%
42 IWM 0.49% 9,767 $2M $246.16 +9,767 NEW
43 GTLB 0.48% 63,830 $2M $37.53 -$10M -218,000 -77.3%
44 QXO 0.47% 120,756 $2M $19.29 $867K +44,056 +57.4%
45 RBRK 0.47% 30,175 $2M $76.48 -$174K
46 SMLR 0.46% 150,000 $2M $15.29 -$2M
47 GLW 0.46% 25,942 $2M $87.56 +25,942 NEW
48 META 0.45% 3,410 $2M $660.09 +3,410 NEW
49 ACMR 0.43% 54,135 $2M $39.45 +54,135 NEW
50 SPLV 0.43% 29,853 $2M $71.42 +29,853 NEW
51 EQT 0.42% 38,532 $2M $53.60 -$32K
52 KSPI 0.40% 25,360 $2M $78.13 -$90K
53 RTACU 0.39% 181,584 $2M $10.67 $301K +31,584 +21.1%
54 KEYS 0.39% 9,495 $2M $203.19 +9,495 NEW
55 BIDU 0.37% 14,139 $2M $130.66 +14,139 NEW
56 TACO 0.37% 180,000 $2M $10.14 -$47K
57 JBHT 0.37% 9,359 $2M $194.34 +9,359 NEW
58 AEXA 0.36% 157,920 $2M $11.39 +157,920 NEW
59 TAC 0.36% 140,738 $2M $12.64 +140,738 NEW
60 KOID 0.35% 55,000 $2M $31.85 -$13K
61 EVLV 0.35% 242,500 $2M $7.16 -$95K
62 UROY 0.34% 473,110 $2M $3.54 +473,110 NEW
63 GLPI 0.34% 37,251 $2M $44.69 +37,251 NEW
64 WBD 0.33% 57,268 $2M $28.82 +57,268 NEW
65 MRK 0.33% 15,434 $2M $105.26 +15,434 NEW
66 GGAL 0.33% 30,000 $2M $53.94 $791K
67 HAL 0.32% 56,316 $2M $28.26 +56,316 NEW
68 WAT 0.32% 4,175 $2M $379.83 +4,175 NEW
69 DD 0.32% 39,381 $2M $40.20 +39,381 NEW
70 ABBV 0.32% 6,904 $2M $228.49 +6,904 NEW
71 MLI 0.32% 13,727 $2M $114.80 +13,727 NEW
72 TSEM 0.32% 13,334 $2M $117.42 +13,334 NEW
73 AMGN 0.32% 4,768 $2M $327.31 +4,768 NEW
74 EVRG 0.31% 21,493 $2M $72.49 +21,493 NEW
75 KO 0.31% 22,261 $2M $69.91 +22,261 NEW
76 FFIV 0.31% 6,085 $2M $255.26 $518K +2,881 +89.9%
77 CORZ 0.31% 106,476 $2M $14.56 +106,476 NEW
78 0I3I.L 0.31% 18,832 $2M $81.96 +18,832 NEW
79 CSCO 0.31% 20,010 $2M $77.03 +20,010 NEW
80 CTSH 0.31% 18,570 $2M $83.00 +18,570 NEW
81 EPAM 0.30% 7,374 $2M $204.88 +7,374 NEW
82 SKYT 0.30% 82,681 $2M $18.16 +82,681 NEW
83 COLO 0.29% 40,000 $1M $35.64 $112K
84 TOI 0.29% 400,000 $1M $3.56 $28K
85 IJH 0.29% 21,540 $1M $66.00 +21,540 NEW
86 GEO 0.28% 86,645 $1M $16.12 $782K +56,645 +188.8%
87 IE 0.27% 84,224 $1M $15.98 +84,224 NEW
88 NI 0.27% 32,205 $1M $41.76 +32,205 NEW
89 CGNX 0.27% 36,570 $1M $35.98 -$341K
90 TRIP 0.26% 90,000 $1M $14.56 -$153K
91 LNT 0.26% 20,125 $1M $65.01 +20,125 NEW
92 MAIN 0.26% 21,364 $1M $60.39 +21,364 NEW
93 XLC 0.26% 10,844 $1M $117.72 +10,844 NEW
94 LKFT 0.26% 39,000 $1M $32.70 +39,000 NEW
95 PPTA 0.26% 52,640 $1M $24.21 $814K +29,890 +131.4%
96 CDZI 0.26% 225,612 $1M $5.61 +225,612 NEW
97 STNE 0.25% 85,000 $1M $14.79 -$350K
98 XLI 0.25% 8,033 $1M $155.12 +8,033 NEW
99 MU 0.25% 4,320 $1M $285.41 $898K +2,320 +116.0%
100 VRT 0.24% 7,400 $1M $162.01 $83K

Options Breakdown

12 Calls $184M Call Value 19 Puts $240M Put Value 1.31 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 73,500 $45M NEW
SQ 456,500 $30M
TLT 337,000 $29M NEW
CORZ 1,321,600 $19M
COIN 73,900 $17M
MARA 1,831,100 $16M
MSTR 104,500 $16M
GLD 18,500 $7M NEW
TSLA 6,200 $3M
RKT 31,800 $616K NEW

Top Puts

SymbolSharesValueStatus
SQ 456,500 $30M
TLT 290,000 $25M NEW
GLD 57,000 $23M NEW
SPY 27,500 $19M NEW
CORZ 1,221,600 $18M
COIN 73,900 $17M
MARA 1,831,100 $16M
MSTR 104,500 $16M
XOM 109,600 $13M NEW
GS 15,000 $13M NEW

New Positions

SymbolValue% Port
ORCL $24M 4.89%
COIN $17M 3.38%
MARA $15M 2.96%
XLU $12M 2.49%
MP $7M 1.44%
AMZN $7M 1.41%
KBWB $5M 1.04%
EFA $4M 0.87%
PWR $4M 0.79%
FI $4M 0.78%
ERO $3M 0.66%
NSC $3M 0.59%
ODFL $3M 0.54%
FLNC $3M 0.53%
NEE $2M 0.50%

Sold Out Positions

SymbolValue% Port
UAMY —%
ALB —%
FLR —%
CMG —%
CNR —%
CRK —%
LDOS —%
MWA —%
BXSL —%
CNC —%
AQN —%
AMTM —%
ONTO —%
NU —%
ZWS —%
View SEC EDGAR Filings for Massar Capital Management, LP →

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