MASTERS CAPITAL MANAGEMENT LLC
CIK: 0001104186Latest portfolio: $2.5B · Q4 2025
Holdings
65
Total Value
$2.5B
New Positions
15
Closed Positions
14
Top Holdings
View All 65 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | UPSUNITED PARCEL SERVICE INC | 2,300,000 | $228.1M | 9.31% | +1.0M | Call |
| 2 | GMGENERAL MTRS CO | 2,000,000 | $162.6M | 6.64% | +1.0M | Call |
| 3 | BABAALIBABA GROUP HLDG LTD | 1,000,000 | $146.6M | 5.98% | +900K | Call |
| 4 | DALDELTA AIR LINES INC DEL | 2,000,000 | $138.8M | 5.66% | — | Call |
| 5 | HONHONEYWELL INTL INC | 600,000 | $117.1M | 4.78% | NEW | Call |
| 6 | BABOEING CO | 500,000 | $108.6M | 4.43% | NEW | Call |
| 7 | TRVCCITIGROUP INC | 700,000 | $81.7M | 3.33% | -300,000 | Call |
| 8 | METMETLIFE INC | 1,000,000 | $78.9M | 3.22% | NEW | Call |
| 9 | SLBSLB LIMITED | 2,000,000 | $76.8M | 3.13% | — | Call |
| 10 | INTCINTEL CORP | 2,000,000 | $73.8M | 3.01% | — | Call |
| 11 | EMNEASTMAN CHEM CO | 1,100,000 | $70.2M | 2.86% | NEW | Call |
| 12 | IBMINTERNATIONAL BUSINESS MACHS | 200,000 | $59.2M | 2.42% | -300,000 | Call |
| 13 | BWABORGWARNER INC | 1,000,000 | $45.1M | 1.84% | — | Call |
| 14 | GLWCORNING INC | 500,000 | $43.8M | 1.79% | -500,100 | Call |
| 15 | MHKMOHAWK INDS INC | 400,000 | $43.7M | 1.78% | NEW | |
| 16 | FLRFLUOR CORP NEW | 1,100,000 | $43.6M | 1.78% | NEW | |
| 17 | MRVLMARVELL TECHNOLOGY INC | 500,000 | $42.5M | 1.73% | NEW | Call |
| 18 | DOWDOW INC | 1,700,000 | $39.7M | 1.62% | +200K | Call |
| 19 | IPINTERNATIONAL PAPER CO | 1,000,000 | $39.4M | 1.61% | NEW | Call |
| 20 | ASTSAST SPACEMOBILE INC | 500,000 | $36.3M | 1.48% | — | |
| 21 | OLNOLIN CORP | 1,700,000 | $35.4M | 1.44% | +650K | Call |
| 22 | NKENIKE INC | 500,000 | $31.9M | 1.30% | NEW | Call |
| 23 | CLXCLOROX CO DEL | 315,500 | $31.8M | 1.30% | NEW | Call |
| 24 | REALTHE REALREAL INC | 2,000,000 | $31.6M | 1.29% | NEW | |
| 25 | NOVNOV INC | 2,000,000 | $31.3M | 1.28% | NEW |
Quarterly Changes
New Positions
Sector Breakdown
Industrials0.0% ($2.2813713880011705e+51T)
Basic Materials0.0% ($7.021339746354113e+39T)
Energy0.0% ($7.676031260244603e+35T)
Technology0.0% ($7.380059242437804e+35T)
Consumer Cyclical0.0% ($1.626401465804506e+32T)
Healthcare0.0% ($2.490019020165102e+22T)
Unknown0.0% ($8168.4T)
Financial Services0.0% ($7.9T)
Consumer Defensive0.0% ($318.1B)
Communication Services0.0% ($18.3M)
Real Estate0.0% ($8.6M)
Utilities0.0% ($1.1M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $2.5B | 85 |
| Q3 2025 | Nov 14, 2025 | $2.8T | 83 |
| Q2 2025 | Aug 14, 2025 | $2.6T | 80 |
| Q1 2025 | May 15, 2025 | $2.0T | 82 |
| Q4 2024 | Feb 14, 2025 | $2.7T | 90 |
| Q3 2024 | Nov 14, 2024 | $2050.6T | 72 |
| Q2 2024 | Aug 14, 2024 | $1777.2T | 70 |
| Q1 2024 | May 15, 2024 | $2786.9T | 79 |
| Q4 2023 | Feb 14, 2024 | $2442.0T | 69 |
| Q3 2023 | Nov 14, 2023 | $1802.4T | 63 |
| Q2 2023 | Aug 14, 2023 | $2497.9T | 67 |
| Q1 2023 | May 15, 2023 | $1974.9T | 64 |
| Q4 2022 | Feb 14, 2023 | $1315.0T | 55 |
| Q3 2022 | Nov 14, 2022 | $1.4T | 45 |
| Q2 2022 | Aug 15, 2022 | $2.1T | 64 |
| Q1 2022 | May 16, 2022 | $2.5T | 75 |
| Q4 2021 | Feb 14, 2022 | $2.5T | 70 |
| Q3 2021 | Nov 15, 2021 | $2.4T | 78 |
| Q2 2021 | Aug 16, 2021 | $3.4T | 79 |
| Q1 2021 | May 17, 2021 | $3.0T | 75 |
| Q4 2020 | Feb 16, 2021 | $1.7T | 77 |
| Q3 2020 | Nov 16, 2020 | $1.5T | 61 |
| Q2 2020 | Aug 14, 2020 | $885.1B | 57 |
| Q1 2020 | May 15, 2020 | $861.4B | 60 |
| Q4 2019 | Feb 14, 2020 | $1.8T | 53 |
| Q3 2019 | Nov 14, 2019 | $1.7T | 58 |
| Q2 2019 | Aug 14, 2019 | $2.0T | 59 |
| Q1 2019 | May 15, 2019 | $1.9T | 63 |
| Q4 2018 | Feb 12, 2019 | $1.8T | 62 |
| Q3 2018 | Nov 14, 2018 | $4.0T | 87 |
| Q2 2018 | Aug 14, 2018 | $3.6T | 77 |
| Q1 2018 | May 15, 2018 | $4.6T | 92 |
| Q4 2017 | Feb 14, 2018 | $4.2T | 86 |
| Q3 2017 | Nov 14, 2017 | $4.3T | 80 |
| Q2 2017 | Aug 14, 2017 | $4.0T | 85 |
| Q1 2017 | May 15, 2017 | $4.0T | 80 |
| Q4 2016 | Feb 14, 2017 | $4.6T | 95 |
| Q3 2016 | Nov 14, 2016 | $5.0T | 84 |
| Q2 2016 | Aug 12, 2016 | $3.4T | 74 |
| Q1 2016 | May 16, 2016 | $4.8T | 86 |
Fund Information
MASTERS CAPITAL MANAGEMENT LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $2.5B across 65 holdings. The largest position is UNITED PARCEL SERVICE INC (UPS), representing 9.3% of the portfolio. Compared to the previous quarter, the fund opened 24 new positions and closed 23 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.