MASTERS CAPITAL MANAGEMENT LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$2.5T
Holdings
65
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (65 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | UPSUNITED PARCEL SERVICE INC | 2,300,000 | $228.1B | 9.31% | Call |
| 2 | GMGENERAL MTRS CO | 2,000,000 | $162.6B | 6.64% | Call |
| 3 | BABAALIBABA GROUP HLDG LTD | 1,000,000 | $146.6B | 5.98% | Call |
| 4 | DALDELTA AIR LINES INC DEL | 2,000,000 | $138.8B | 5.66% | Call |
| 5 | HONHONEYWELL INTL INC | 600,000 | $117.1B | 4.78% | Call |
| 6 | BABOEING CO | 500,000 | $108.6B | 4.43% | Call |
| 7 | TRVCCITIGROUP INC | 700,000 | $81.7B | 3.33% | Call |
| 8 | METMETLIFE INC | 1,000,000 | $78.9B | 3.22% | Call |
| 9 | SLBSLB LIMITED | 2,000,000 | $76.8B | 3.13% | Call |
| 10 | INTCINTEL CORP | 2,000,000 | $73.8B | 3.01% | Call |
| 11 | EMNEASTMAN CHEM CO | 1,100,000 | $70.2B | 2.86% | Call |
| 12 | IBMINTERNATIONAL BUSINESS MACHS | 200,000 | $59.2B | 2.42% | Call |
| 13 | BWABORGWARNER INC | 1,000,000 | $45.1B | 1.84% | Call |
| 14 | GLWCORNING INC | 500,000 | $43.8B | 1.79% | Call |
| 15 | MHKMOHAWK INDS INC | 400,000 | $43.7B | 1.78% | |
| 16 | FLRFLUOR CORP NEW | 1,100,000 | $43.6B | 1.78% | |
| 17 | MRVLMARVELL TECHNOLOGY INC | 500,000 | $42.5B | 1.73% | Call |
| 18 | DOWDOW INC | 1,700,000 | $39.7B | 1.62% | Call |
| 19 | IPINTERNATIONAL PAPER CO | 1,000,000 | $39.4B | 1.61% | Call |
| 20 | ASTSAST SPACEMOBILE INC | 500,000 | $36.3B | 1.48% | |
| 21 | OLNOLIN CORP | 1,700,000 | $35.4B | 1.44% | Call |
| 22 | NKENIKE INC | 500,000 | $31.9B | 1.30% | Call |
| 23 | CLXCLOROX CO DEL | 315,500 | $31.8B | 1.30% | Call |
| 24 | REALTHE REALREAL INC | 2,000,000 | $31.6B | 1.29% | |
| 25 | NOVNOV INC | 2,000,000 | $31.3B | 1.28% | |
| 26 | VYXNCR VOYIX CORPORATION | 3,000,000 | $30.6B | 1.25% | |
| 27 | CECELANESE CORP DEL | 669,200 | $28.3B | 1.15% | Call |
| 28 | PONYPONY AI INC | 1,950,000 | $28.3B | 1.15% | Call |
| 29 | AAALCOA CORP | 500,000 | $26.6B | 1.08% | Call |
| 30 | CLFCLEVELAND-CLIFFS INC NEW | 2,000,000 | $26.6B | 1.08% | Call |
| 31 | FFORD MTR CO | 2,000,000 | $26.2B | 1.07% | Call |
| 32 | BCSBARCLAYS PLC | 1,000,000 | $25.4B | 1.04% | |
| 33 | PFEPFIZER INC | 1,000,000 | $24.9B | 1.02% | Call |
| 34 | APAAPA CORPORATION | 1,000,000 | $24.5B | 1.00% | Call |
| 35 | XOMEXXON MOBIL CORP | 200,000 | $24.1B | 0.98% | Call |
| 36 | YPFYPF SOCIEDAD ANONIMA | 620,000 | $22.4B | 0.91% | Call |
| 37 | LYFTLYFT INC | 1,000,000 | $19.4B | 0.79% | Call |
| 38 | FCXFREEPORT-MCMORAN INC | 379,900 | $19.3B | 0.79% | Call |
| 39 | DCHAMERICAN AXLE & MFG HLDGS IN | 3,000,000 | $19.2B | 0.78% | |
| 40 | BWAYBRAINSWAY LTD | 1,000,000 | $19.0B | 0.78% | |
| 41 | NXENEXGEN ENERGY LTD | 2,000,000 | $18.4B | 0.75% | |
| 42 | LIONLIONSGATE STUDIOS CORP | 2,000,000 | $18.3B | 0.74% | |
| 43 | FTKFLOTEK INDS INC DEL | 1,000,000 | $17.2B | 0.70% | |
| 44 | DNLIDENALI THERAPEUTICS INC | 1,000,000 | $16.5B | 0.67% | |
| 45 | BMYBRISTOL-MYERS SQUIBB CO | 300,000 | $16.2B | 0.66% | |
| 46 | EVTLVERTICAL AEROSPACE LTD | 3,000,000 | $16.0B | 0.65% | Call |
| 47 | ENVXENOVIX CORPORATION | 2,000,000 | $14.6B | 0.60% | |
| 48 | NOKNOKIA CORP | 2,000,000 | $12.9B | 0.53% | |
| 49 | RIGTRANSOCEAN LTD | 3,000,000 | $12.4B | 0.51% | Call |
| 50 | BORRBORR DRILLING LTD | 2,900,000 | $11.7B | 0.48% | |
| 51 | AAUCALLIED GOLD CORP | 500,000 | $11.4B | 0.47% | |
| 52 | TLSTELOS CORP MD | 2,100,000 | $10.7B | 0.44% | |
| 53 | HUNHUNTSMAN CORP | 1,000,000 | $10.0B | 0.41% | |
| 54 | G3VGREEN PLAINS INC | 1,000,000 | $9.8B | 0.40% | |
| 55 | GSMFERROGLOBE PLC | 2,000,000 | $9.3B | 0.38% | |
| 56 | AOMRANGEL OAK MORTGAGE REIT INC | 1,000,000 | $8.6B | 0.35% | |
| 57 | EVEXEVE HLDG INC | 2,100,000 | $8.4B | 0.34% | |
| 58 | ACHRARCHER AVIATION INC | 999,600 | $7.5B | 0.31% | |
| 59 | CELHCELSIUS HLDGS INC | 100,000 | $4.6B | 0.19% | |
| 60 | LUCDLUCID DIAGNOSTICS INC | 4,000,000 | $4.4B | 0.18% | |
| 61 | UPWHEELS UP EXPERIENCE INC | 5,000,000 | $3.3B | 0.13% | |
| 62 | PLUNPLUG POWER INC | 1,000,000 | $2.0B | 0.08% | |
| 63 | STIMNEURONETICS INC | 1,000,000 | $1.4B | 0.06% | |
| 64 | SENSSENSEONICS HLDGS INC | 249,998 | $1.4B | 0.06% | |
| 65 | NFENEW FORTRESS ENERGY INC | 1,000,000 | $1.1B | 0.05% |