Filed: 5/15/2025ACC: 0001104186-25-000005
📋 What this filing means
MASTERS CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 58 equity positions with a total reported market value of $2.03B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
58
Positions
$2.03B
Total AUM (reported)
88M
Total Shares
Allocation by class
COM$1.02B50.3%
COM NEW$276.58M13.6%
20 YR TR BD ETF$273.09M13.4%
CL B$101.50M5.0%
COM STK$62.70M3.1%
GOLD MINERS ETF$45.97M2.3%
SHS$39.75M2.0%
Portfolio Concentration
Top 3$545.50M26.8%
4–10$561.55M27.6%
11–25$622.94M30.6%
Rest$304.08M14.9%
Top 3 weight
26.8%
Top 10 weight
54.4%
Voting Authority Distribution
Total shares with voting rights: 88M
Sole
Full voting authority
88M
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)
Sole58
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings58
Rows:
ISHARES TR
SOLEShares3M
TypeSH
Market value$273.09M
13.43%
Sole
3M
Shared
0.00
None
0.00
CITIGROUP INC
SOLEShares2M
TypeSH
Market value$141.98M
6.98%
Sole
2M
Shared
0.00
None
0.00
DELTA AIR LINES INC DEL
SOLEShares2.99M
TypeSH
Market value$130.43M
6.41%
Sole
2.99M
Shared
0.00
None
0.00
BRISTOL-MYERS SQUIBB CO
SOLEShares2M
TypeSH
Market value$121.98M
6.00%
Sole
2M
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
SOLEShares1M
TypeSH
Market value$86.89M
4.27%
Sole
1M
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares2.10M
TypeSH
Market value$79.51M
3.91%
Sole
2.10M
Shared
0.00
None
0.00
FLUOR CORP NEW
SOLEShares2M
TypeSH
Market value$71.64M
3.52%
Sole
2M
Shared
0.00
None
0.00
BAXTER INTL INC
SOLEShares2M
TypeSH
Market value$68.46M
3.37%
Sole
2M
Shared
0.00
None
0.00
INTEL CORP
SOLEShares3M
TypeSH
Market value$68.13M
3.35%
Sole
3M
Shared
0.00
None
0.00
COHERENT CORP
SOLEShares1M
TypeSH
Market value$64.94M
3.19%
Sole
1M
Shared
0.00
None
0.00
SCHLUMBERGER LTD
SOLEShares1.50M
TypeSH
Market value$62.70M
3.08%
Sole
1.50M
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares2M
TypeSH
Market value$61.00M
3.00%
Sole
2M
Shared
0.00
None
0.00
NUCOR CORP
SOLEShares500K
TypeSH
Market value$60.17M
2.96%
Sole
500K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares1M
TypeSH
Market value$45.97M
2.26%
Sole
1M
Shared
0.00
None
0.00
CLEVELAND-CLIFFS INC NEW
SOLEShares5.50M
TypeSH
Market value$45.21M
2.22%
Sole
5.50M
Shared
0.00
None
0.00
EASTMAN CHEM CO
SOLEShares500K
TypeSH
Market value$44.05M
2.17%
Sole
500K
Shared
0.00
None
0.00
WALMART INC
SOLEShares500K
TypeSH
Market value$43.90M
2.16%
Sole
500K
Shared
0.00
None
0.00
TRUIST FINL CORP
SOLEShares1M
TypeSH
Market value$41.15M
2.02%
Sole
1M
Shared
0.00
None
0.00
LAS VEGAS SANDS CORP
SOLEShares1M
TypeSH
Market value$38.63M
1.90%
Sole
1M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares500K
TypeSH
Market value$36.43M
1.79%
Sole
500K
Shared
0.00
None
0.00
V F CORP
SOLEShares2.10M
TypeSH
Market value$32.59M
1.60%
Sole
2.10M
Shared
0.00
None
0.00
NOV INC
SOLEShares2M
TypeSH
Market value$30.44M
1.50%
Sole
2M
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares900K
TypeSH
Market value$28.83M
1.42%
Sole
900K
Shared
0.00
None
0.00
PERRIGO CO PLC
SOLEShares1M
TypeSH
Market value$28.04M
1.38%
Sole
1M
Shared
0.00
None
0.00
DEUTSCHE BANK A G
SOLEShares1M
TypeSH
Market value$23.83M
1.17%
Sole
1M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | 20 YR TR BD ETF | 3M | SH | $273.09M 13.43% | 3M | 0.00 | 0.00 |
CITIGROUP INCSOLE | COM NEW | 2M | SH | $141.98M 6.98% | 2M | 0.00 | 0.00 |
DELTA AIR LINES INC DELSOLE | COM NEW | 2.99M | SH | $130.43M 6.41% | 2.99M | 0.00 | 0.00 |
BRISTOL-MYERS SQUIBB COSOLE | COM | 2M | SH | $121.98M 6.00% | 2M | 0.00 | 0.00 |
MICRON TECHNOLOGY INCSOLE | COM | 1M | SH | $86.89M 4.27% | 1M | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 2.10M | SH | $79.51M 3.91% | 2.10M | 0.00 | 0.00 |
FLUOR CORP NEWSOLE | COM | 2M | SH | $71.64M 3.52% | 2M | 0.00 | 0.00 |
BAXTER INTL INCSOLE | COM | 2M | SH | $68.46M 3.37% | 2M | 0.00 | 0.00 |
INTEL CORPSOLE | COM | 3M | SH | $68.13M 3.35% | 3M | 0.00 | 0.00 |
COHERENT CORPSOLE | COM | 1M | SH | $64.94M 3.19% | 1M | 0.00 | 0.00 |
SCHLUMBERGER LTDSOLE | COM STK | 1.50M | SH | $62.70M 3.08% | 1.50M | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 2M | SH | $61.00M 3.00% | 2M | 0.00 | 0.00 |
NUCOR CORPSOLE | COM | 500K | SH | $60.17M 2.96% | 500K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 1M | SH | $45.97M 2.26% | 1M | 0.00 | 0.00 |
CLEVELAND-CLIFFS INC NEWSOLE | COM | 5.50M | SH | $45.21M 2.22% | 5.50M | 0.00 | 0.00 |
EASTMAN CHEM COSOLE | COM | 500K | SH | $44.05M 2.17% | 500K | 0.00 | 0.00 |
WALMART INCSOLE | COM | 500K | SH | $43.90M 2.16% | 500K | 0.00 | 0.00 |
TRUIST FINL CORPSOLE | COM | 1M | SH | $41.15M 2.02% | 1M | 0.00 | 0.00 |
LAS VEGAS SANDS CORPSOLE | COM | 1M | SH | $38.63M 1.90% | 1M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 500K | SH | $36.43M 1.79% | 500K | 0.00 | 0.00 |
V F CORPSOLE | COM | 2.10M | SH | $32.59M 1.60% | 2.10M | 0.00 | 0.00 |
NOV INCSOLE | COM | 2M | SH | $30.44M 1.50% | 2M | 0.00 | 0.00 |
WAYFAIR INCSOLE | CL A | 900K | SH | $28.83M 1.42% | 900K | 0.00 | 0.00 |
PERRIGO CO PLCSOLE | SHS | 1M | SH | $28.04M 1.38% | 1M | 0.00 | 0.00 |
DEUTSCHE BANK A GSOLE | NAMEN AKT | 1M | SH | $23.83M 1.17% | 1M | 0.00 | 0.00 |
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