Filed: 2/14/2025ACC: 0001104186-25-000003
📋 What this filing means
MASTERS CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 63 equity positions with a total reported market value of $2.71B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
63
Positions
$2.71B
Total AUM (reported)
99.34M
Total Shares
Allocation by class
COM$1.32B48.8%
TR UNIT$293.04M10.8%
COM NEW$266.95M9.9%
SPONSORED ADS$218.60M8.1%
COM STK$115.02M4.2%
SHS$113.87M4.2%
CL B$76.16M2.8%
Portfolio Concentration
Top 3$603.40M22.3%
4–10$757.11M28.0%
11–25$821.77M30.4%
Rest$525.06M19.4%
Top 3 weight
22.3%
Top 10 weight
50.3%
Voting Authority Distribution
Total shares with voting rights: 99.34M
Sole
Full voting authority
99.34M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole63
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings63
Rows:
SPDR S&P 500 ETF TR
SOLEShares500K
TypeSH
Market value$293.04M
10.82%
Sole
500K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares2M
TypeSH
Market value$169.58M
6.26%
Sole
2M
Shared
0.00
None
0.00
CITIGROUP INC
SOLEShares2M
TypeSH
Market value$140.78M
5.20%
Sole
2M
Shared
0.00
None
0.00
DELTA AIR LINES INC DEL
SOLEShares2M
TypeSH
Market value$121.00M
4.47%
Sole
2M
Shared
0.00
None
0.00
3M CO
SOLEShares900K
TypeSH
Market value$116.18M
4.29%
Sole
900K
Shared
0.00
None
0.00
SCHLUMBERGER LTD
SOLEShares3M
TypeSH
Market value$115.02M
4.25%
Sole
3M
Shared
0.00
None
0.00
BRISTOL-MYERS SQUIBB CO
SOLEShares2M
TypeSH
Market value$113.12M
4.18%
Sole
2M
Shared
0.00
None
0.00
HONEYWELL INTL INC
SOLEShares500K
TypeSH
Market value$112.94M
4.17%
Sole
500K
Shared
0.00
None
0.00
FLUOR CORP NEW
SOLEShares2M
TypeSH
Market value$98.64M
3.64%
Sole
2M
Shared
0.00
None
0.00
INTEL CORP
SOLEShares4M
TypeSH
Market value$80.20M
2.96%
Sole
4M
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares2M
TypeSH
Market value$76.16M
2.81%
Sole
2M
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares2M
TypeSH
Market value$75.56M
2.79%
Sole
2M
Shared
0.00
None
0.00
MEDTRONIC PLC
SOLEShares800K
TypeSH
Market value$63.90M
2.36%
Sole
800K
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares1M
TypeSH
Market value$60.32M
2.23%
Sole
1M
Shared
0.00
None
0.00
GILEAD SCIENCES INC
SOLEShares600K
TypeSH
Market value$55.42M
2.05%
Sole
600K
Shared
0.00
None
0.00
INTERNATIONAL PAPER CO
SOLEShares1M
TypeSH
Market value$53.82M
1.99%
Sole
1M
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares500K
TypeSH
Market value$53.78M
1.99%
Sole
500K
Shared
0.00
None
0.00
GENERAL MTRS CO
SOLEShares1M
TypeSH
Market value$53.27M
1.97%
Sole
1M
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares1M
TypeSH
Market value$51.89M
1.92%
Sole
1M
Shared
0.00
None
0.00
LAS VEGAS SANDS CORP
SOLEShares1M
TypeSH
Market value$51.36M
1.90%
Sole
1M
Shared
0.00
None
0.00
DEUTSCHE BANK A G
SOLEShares2.80M
TypeSH
Market value$47.74M
1.76%
Sole
2.80M
Shared
0.00
None
0.00
CLEVELAND-CLIFFS INC NEW
SOLEShares5M
TypeSH
Market value$47.00M
1.74%
Sole
5M
Shared
0.00
None
0.00
CVS HEALTH CORP
SOLEShares1M
TypeSH
Market value$44.89M
1.66%
Sole
1M
Shared
0.00
None
0.00
DOW INC
SOLEShares1.10M
TypeSH
Market value$44.14M
1.63%
Sole
1.10M
Shared
0.00
None
0.00
YPF SOCIEDAD ANONIMA
SOLEShares1M
TypeSH
Market value$42.51M
1.57%
Sole
1M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 500K | SH | $293.04M 10.82% | 500K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 2M | SH | $169.58M 6.26% | 2M | 0.00 | 0.00 |
CITIGROUP INCSOLE | COM NEW | 2M | SH | $140.78M 5.20% | 2M | 0.00 | 0.00 |
DELTA AIR LINES INC DELSOLE | COM NEW | 2M | SH | $121.00M 4.47% | 2M | 0.00 | 0.00 |
3M COSOLE | COM | 900K | SH | $116.18M 4.29% | 900K | 0.00 | 0.00 |
SCHLUMBERGER LTDSOLE | COM STK | 3M | SH | $115.02M 4.25% | 3M | 0.00 | 0.00 |
BRISTOL-MYERS SQUIBB COSOLE | COM | 2M | SH | $113.12M 4.18% | 2M | 0.00 | 0.00 |
HONEYWELL INTL INCSOLE | COM | 500K | SH | $112.94M 4.17% | 500K | 0.00 | 0.00 |
FLUOR CORP NEWSOLE | COM | 2M | SH | $98.64M 3.64% | 2M | 0.00 | 0.00 |
INTEL CORPSOLE | COM | 4M | SH | $80.20M 2.96% | 4M | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 2M | SH | $76.16M 2.81% | 2M | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 2M | SH | $75.56M 2.79% | 2M | 0.00 | 0.00 |
MEDTRONIC PLCSOLE | SHS | 800K | SH | $63.90M 2.36% | 800K | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 1M | SH | $60.32M 2.23% | 1M | 0.00 | 0.00 |
GILEAD SCIENCES INCSOLE | COM | 600K | SH | $55.42M 2.05% | 600K | 0.00 | 0.00 |
INTERNATIONAL PAPER COSOLE | COM | 1M | SH | $53.82M 1.99% | 1M | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 500K | SH | $53.78M 1.99% | 500K | 0.00 | 0.00 |
GENERAL MTRS COSOLE | COM | 1M | SH | $53.27M 1.97% | 1M | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 1M | SH | $51.89M 1.92% | 1M | 0.00 | 0.00 |
LAS VEGAS SANDS CORPSOLE | COM | 1M | SH | $51.36M 1.90% | 1M | 0.00 | 0.00 |
DEUTSCHE BANK A GSOLE | NAMEN AKT | 2.80M | SH | $47.74M 1.76% | 2.80M | 0.00 | 0.00 |
CLEVELAND-CLIFFS INC NEWSOLE | COM | 5M | SH | $47.00M 1.74% | 5M | 0.00 | 0.00 |
CVS HEALTH CORPSOLE | COM | 1M | SH | $44.89M 1.66% | 1M | 0.00 | 0.00 |
DOW INCSOLE | COM | 1.10M | SH | $44.14M 1.63% | 1.10M | 0.00 | 0.00 |
YPF SOCIEDAD ANONIMASOLE | SPON ADR CL D | 1M | SH | $42.51M 1.57% | 1M | 0.00 | 0.00 |
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