Filed: 8/14/2025ACC: 0001104186-25-000008
📋 What this filing means
MASTERS CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 64 equity positions with a total reported market value of $2.57B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
64
Positions
$2.57B
Total AUM (reported)
77.84M
Total Shares
Allocation by class
COM$1.11B43.3%
TR UNIT$617.85M24.1%
COM NEW$267.69M10.4%
CL B$116.98M4.6%
20 YR TR BD ETF$88.25M3.4%
COM STK$67.60M2.6%
JUNIOR GOLD MINE$67.59M2.6%
Portfolio Concentration
Top 3$894.38M34.8%
4–10$579.94M22.6%
11–25$703.89M27.4%
Rest$388.86M15.1%
Top 3 weight
34.8%
Top 10 weight
57.4%
Voting Authority Distribution
Total shares with voting rights: 77.84M
Sole
Full voting authority
77.84M
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)
Sole64
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings64
Rows:
SPDR S&P 500 ETF TR
SOLEShares1M
TypeSH
Market value$617.85M
24.07%
Sole
1M
Shared
0.00
None
0.00
CITIGROUP INC
SOLEShares2.10M
TypeSH
Market value$178.75M
6.96%
Sole
2.10M
Shared
0.00
None
0.00
WALMART INC
SOLEShares1M
TypeSH
Market value$97.78M
3.81%
Sole
1M
Shared
0.00
None
0.00
INTEL CORP
SOLEShares4M
TypeSH
Market value$89.60M
3.49%
Sole
4M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1M
TypeSH
Market value$88.25M
3.44%
Sole
1M
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares2M
TypeSH
Market value$86.70M
3.38%
Sole
2M
Shared
0.00
None
0.00
EASTMAN CHEM CO
SOLEShares1.15M
TypeSH
Market value$85.86M
3.34%
Sole
1.15M
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
SOLEShares1M
TypeSH
Market value$79.63M
3.10%
Sole
1M
Shared
0.00
None
0.00
FLUOR CORP NEW
SOLEShares1.49M
TypeSH
Market value$76.14M
2.97%
Sole
1.49M
Shared
0.00
None
0.00
DELTA AIR LINES INC DEL
SOLEShares1.50M
TypeSH
Market value$73.77M
2.87%
Sole
1.50M
Shared
0.00
None
0.00
SCHLUMBERGER LTD
SOLEShares2M
TypeSH
Market value$67.60M
2.63%
Sole
2M
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares1M
TypeSH
Market value$67.59M
2.63%
Sole
1M
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
SOLEShares500K
TypeSH
Market value$61.63M
2.40%
Sole
500K
Shared
0.00
None
0.00
BAXTER INTL INC
SOLEShares2M
TypeSH
Market value$60.56M
2.36%
Sole
2M
Shared
0.00
None
0.00
BRISTOL-MYERS SQUIBB CO
SOLEShares1.25M
TypeSH
Market value$57.86M
2.25%
Sole
1.25M
Shared
0.00
None
0.00
ARCHER DANIELS MIDLAND CO
SOLEShares1M
TypeSH
Market value$52.78M
2.06%
Sole
1M
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares1M
TypeSH
Market value$51.14M
1.99%
Sole
1M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares500K
TypeSH
Market value$46.65M
1.82%
Sole
500K
Shared
0.00
None
0.00
TRUIST FINL CORP
SOLEShares1.03M
TypeSH
Market value$44.28M
1.72%
Sole
1.03M
Shared
0.00
None
0.00
BOEING CO
SOLEShares200K
TypeSH
Market value$41.91M
1.63%
Sole
200K
Shared
0.00
None
0.00
NOV INC
SOLEShares3M
TypeSH
Market value$37.29M
1.45%
Sole
3M
Shared
0.00
None
0.00
MOHAWK INDS INC
SOLEShares300K
TypeSH
Market value$31.45M
1.23%
Sole
300K
Shared
0.00
None
0.00
UNITED PARCEL SERVICE INC
SOLEShares300K
TypeSH
Market value$30.28M
1.18%
Sole
300K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares1M
TypeSH
Market value$29.51M
1.15%
Sole
1M
Shared
0.00
None
0.00
AST SPACEMOBILE INC
SOLEShares500K
TypeSH
Market value$23.36M
0.91%
Sole
500K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 1M | SH | $617.85M 24.07% | 1M | 0.00 | 0.00 |
CITIGROUP INCSOLE | COM NEW | 2.10M | SH | $178.75M 6.96% | 2.10M | 0.00 | 0.00 |
WALMART INCSOLE | COM | 1M | SH | $97.78M 3.81% | 1M | 0.00 | 0.00 |
INTEL CORPSOLE | COM | 4M | SH | $89.60M 3.49% | 4M | 0.00 | 0.00 |
ISHARES TRSOLE | 20 YR TR BD ETF | 1M | SH | $88.25M 3.44% | 1M | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 2M | SH | $86.70M 3.38% | 2M | 0.00 | 0.00 |
EASTMAN CHEM COSOLE | COM | 1.15M | SH | $85.86M 3.34% | 1.15M | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCSOLE | COM | 1M | SH | $79.63M 3.10% | 1M | 0.00 | 0.00 |
FLUOR CORP NEWSOLE | COM | 1.49M | SH | $76.14M 2.97% | 1.49M | 0.00 | 0.00 |
DELTA AIR LINES INC DELSOLE | COM NEW | 1.50M | SH | $73.77M 2.87% | 1.50M | 0.00 | 0.00 |
SCHLUMBERGER LTDSOLE | COM STK | 2M | SH | $67.60M 2.63% | 2M | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | JUNIOR GOLD MINE | 1M | SH | $67.59M 2.63% | 1M | 0.00 | 0.00 |
MICRON TECHNOLOGY INCSOLE | COM | 500K | SH | $61.63M 2.40% | 500K | 0.00 | 0.00 |
BAXTER INTL INCSOLE | COM | 2M | SH | $60.56M 2.36% | 2M | 0.00 | 0.00 |
BRISTOL-MYERS SQUIBB COSOLE | COM | 1.25M | SH | $57.86M 2.25% | 1.25M | 0.00 | 0.00 |
ARCHER DANIELS MIDLAND COSOLE | COM | 1M | SH | $52.78M 2.06% | 1M | 0.00 | 0.00 |
WAYFAIR INCSOLE | CL A | 1M | SH | $51.14M 1.99% | 1M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 500K | SH | $46.65M 1.82% | 500K | 0.00 | 0.00 |
TRUIST FINL CORPSOLE | COM | 1.03M | SH | $44.28M 1.72% | 1.03M | 0.00 | 0.00 |
BOEING COSOLE | COM | 200K | SH | $41.91M 1.63% | 200K | 0.00 | 0.00 |
NOV INCSOLE | COM | 3M | SH | $37.29M 1.45% | 3M | 0.00 | 0.00 |
MOHAWK INDS INCSOLE | COM | 300K | SH | $31.45M 1.23% | 300K | 0.00 | 0.00 |
UNITED PARCEL SERVICE INCSOLE | CL B | 300K | SH | $30.28M 1.18% | 300K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 1M | SH | $29.51M 1.15% | 1M | 0.00 | 0.00 |
AST SPACEMOBILE INCSOLE | COM CL A | 500K | SH | $23.36M 0.91% | 500K | 0.00 | 0.00 |
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