Filed: 5/15/2026ACC: 0001104186-26-000004
📋 What this filing means
MASTERS CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 71 equity positions with a total reported market value of $3.03B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
71
Positions
$3.03B
Total AUM (reported)
100.37M
Total Shares
Allocation by class
COM$1.40B46.3%
COM NEW$387.91M12.8%
20 YR TR BD ETF$346.76M11.5%
CL B$273.30M9.0%
SPONSORED ADS$165.80M5.5%
CL A$105.98M3.5%
COM CL A$99.39M3.3%
Portfolio Concentration
Top 3$799.85M26.4%
4–10$774.46M25.6%
11–25$776.69M25.7%
Rest$675.37M22.3%
Top 3 weight
26.4%
Top 10 weight
52.0%
Voting Authority Distribution
Total shares with voting rights: 100.37M
Sole
Full voting authority
100.37M
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)
Sole71
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings71
Rows:
ISHARES TR
SOLEShares4M
TypeSH
Market value$346.76M
11.46%
Sole
4M
Shared
0.00
None
0.00
CITIGROUP INC
SOLEShares2M
TypeSH
Market value$226.82M
7.49%
Sole
2M
Shared
0.00
None
0.00
UNITED PARCEL SVCS INC
SOLEShares2.30M
TypeSH
Market value$226.27M
7.48%
Sole
2.30M
Shared
0.00
None
0.00
DELTA AIR LINES INC
SOLEShares2M
TypeSH
Market value$132.96M
4.39%
Sole
2M
Shared
0.00
None
0.00
INTEL CORP
SOLEShares3M
TypeSH
Market value$132.39M
4.37%
Sole
3M
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares1M
TypeSH
Market value$125.46M
4.15%
Sole
1M
Shared
0.00
None
0.00
INTERNATIONAL BUSINESS MACHS
SOLEShares500K
TypeSH
Market value$121.19M
4.00%
Sole
500K
Shared
0.00
None
0.00
GENERAL MTRS CO
SOLEShares1.30M
TypeSH
Market value$96.85M
3.20%
Sole
1.30M
Shared
0.00
None
0.00
AST SPACEMOBILE INC
SOLEShares1M
TypeSH
Market value$82.87M
2.74%
Sole
1M
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares1.10M
TypeSH
Market value$82.73M
2.73%
Sole
1.10M
Shared
0.00
None
0.00
MOHAWK INDS INC
SOLEShares800K
TypeSH
Market value$78.77M
2.60%
Sole
800K
Shared
0.00
None
0.00
FLUOR CORP
SOLEShares1.35M
TypeSH
Market value$63.21M
2.09%
Sole
1.35M
Shared
0.00
None
0.00
BRISTOL-MYERS SQUIBB CO
SOLEShares1M
TypeSH
Market value$60.65M
2.00%
Sole
1M
Shared
0.00
None
0.00
AIR PRODUCTS AND CHEMICALS I
SOLEShares200K
TypeSH
Market value$58.10M
1.92%
Sole
200K
Shared
0.00
None
0.00
ORMAT TECHNOLOGIES INC
SOLEShares500K
TypeSH
Market value$55.96M
1.85%
Sole
500K
Shared
0.00
None
0.00
BORGWARNER INC
SOLEShares1M
TypeSH
Market value$54.26M
1.79%
Sole
1M
Shared
0.00
None
0.00
ECOLAB INC
SOLEShares200K
TypeSH
Market value$53.20M
1.76%
Sole
200K
Shared
0.00
None
0.00
CLOROX CO DEL
SOLEShares500K
TypeSH
Market value$51.81M
1.71%
Sole
500K
Shared
0.00
None
0.00
SLB LIMITED
SOLEShares1M
TypeSH
Market value$51.39M
1.70%
Sole
1M
Shared
0.00
None
0.00
FREEPORT MCMORAN INC
SOLEShares800K
TypeSH
Market value$47.02M
1.55%
Sole
800K
Shared
0.00
None
0.00
YPF SOCIEDAD ANONIMA
SOLEShares1M
TypeSH
Market value$46.22M
1.53%
Sole
1M
Shared
0.00
None
0.00
BARCLAYS PLC
SOLEShares2M
TypeSH
Market value$42.32M
1.40%
Sole
2M
Shared
0.00
None
0.00
BOEING CO
SOLEShares200K
TypeSH
Market value$39.81M
1.32%
Sole
200K
Shared
0.00
None
0.00
NOV INC
SOLEShares2M
TypeSH
Market value$37.62M
1.24%
Sole
2M
Shared
0.00
None
0.00
ARCHER DANIELS MIDLAND CO
SOLEShares500K
TypeSH
Market value$36.34M
1.20%
Sole
500K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | 20 YR TR BD ETF | 4M | SH | $346.76M 11.46% | 4M | 0.00 | 0.00 |
CITIGROUP INCSOLE | COM NEW | 2M | SH | $226.82M 7.49% | 2M | 0.00 | 0.00 |
UNITED PARCEL SVCS INCSOLE | CL B | 2.30M | SH | $226.27M 7.48% | 2.30M | 0.00 | 0.00 |
DELTA AIR LINES INCSOLE | COM NEW | 2M | SH | $132.96M 4.39% | 2M | 0.00 | 0.00 |
INTEL CORPSOLE | COM | 3M | SH | $132.39M 4.37% | 3M | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 1M | SH | $125.46M 4.15% | 1M | 0.00 | 0.00 |
INTERNATIONAL BUSINESS MACHSSOLE | COM | 500K | SH | $121.19M 4.00% | 500K | 0.00 | 0.00 |
GENERAL MTRS COSOLE | COM | 1.30M | SH | $96.85M 3.20% | 1.30M | 0.00 | 0.00 |
AST SPACEMOBILE INCSOLE | COM CL A | 1M | SH | $82.87M 2.74% | 1M | 0.00 | 0.00 |
WAYFAIR INCSOLE | CL A | 1.10M | SH | $82.73M 2.73% | 1.10M | 0.00 | 0.00 |
MOHAWK INDS INCSOLE | COM | 800K | SH | $78.77M 2.60% | 800K | 0.00 | 0.00 |
FLUOR CORPSOLE | COM | 1.35M | SH | $63.21M 2.09% | 1.35M | 0.00 | 0.00 |
BRISTOL-MYERS SQUIBB COSOLE | COM | 1M | SH | $60.65M 2.00% | 1M | 0.00 | 0.00 |
AIR PRODUCTS AND CHEMICALS ISOLE | COM | 200K | SH | $58.10M 1.92% | 200K | 0.00 | 0.00 |
ORMAT TECHNOLOGIES INCSOLE | COM | 500K | SH | $55.96M 1.85% | 500K | 0.00 | 0.00 |
BORGWARNER INCSOLE | COM | 1M | SH | $54.26M 1.79% | 1M | 0.00 | 0.00 |
ECOLAB INCSOLE | COM | 200K | SH | $53.20M 1.76% | 200K | 0.00 | 0.00 |
CLOROX CO DELSOLE | COM | 500K | SH | $51.81M 1.71% | 500K | 0.00 | 0.00 |
SLB LIMITEDSOLE | COM STK | 1M | SH | $51.39M 1.70% | 1M | 0.00 | 0.00 |
FREEPORT MCMORAN INCSOLE | CL B | 800K | SH | $47.02M 1.55% | 800K | 0.00 | 0.00 |
YPF SOCIEDAD ANONIMASOLE | SPON ADR CL D | 1M | SH | $46.22M 1.53% | 1M | 0.00 | 0.00 |
BARCLAYS PLCSOLE | ADR | 2M | SH | $42.32M 1.40% | 2M | 0.00 | 0.00 |
BOEING COSOLE | COM | 200K | SH | $39.81M 1.32% | 200K | 0.00 | 0.00 |
NOV INCSOLE | COM | 2M | SH | $37.62M 1.24% | 2M | 0.00 | 0.00 |
ARCHER DANIELS MIDLAND COSOLE | COM | 500K | SH | $36.34M 1.20% | 500K | 0.00 | 0.00 |
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