MASTERS CAPITAL MANAGEMENT LLC

CIK

1104186

Location

ATLANTA, GA

Portfolio Value

Mid $3,810,296,952

Diversification

Diversified

Filing Date

Global Rank

#896 / 8,700 ▲ 224

Top Industry

Aerospace & Defense 8.1%

Period ended 2 months ago

Filed Aug 14, 2026 · 30d

26 quarters · since Mar 2020

Portfolio Concentration

68 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

19.6%

+8.1 pts

Top 5

39.5%

+4.3 pts

Top 10

58.2%

+6.2 pts

HHI

614

Diversified+213

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	20.4%	$777,310,602	2
Industrials	17.7%	$676,011,350	12
Technology	15.8%	$603,908,000	11
Basic Materials	13.7%	$522,078,000	9
Consumer Cyclical	12.4%	$472,660,000	9
Energy	6.9%	$262,785,000	9
Financial Services	5.1%	$195,930,000	4
Healthcare	4.5%	$170,274,000	9
Consumer Defensive	3.2%	$120,260,000	2
Real Estate	0.2%	$9,080,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
AA	Alcoa Corp	+1,700,000	2,000,000	$104,280,000
SLB	Slb Limited/Nv	+1,200,000	2,200,000	$102,278,000
EMN	Eastman Chemical Co	+1,200,000	1,400,000	$93,772,000
BABA	Alibaba Group Holding Ltd	+1,000,000	2,000,000	$191,960,000
RUN	Sunrun Inc.	+1,000,000	1,500,000	$20,070,000
MBLY	Mobileye Global Inc.	+900,000	3,000,000	$29,040,000
BA	Boeing Co	+800,000	1,000,000	$216,470,000
GM	General Motors Co	+700,000	2,000,000	$154,160,000
EVTL	Vertical Aerospace Ltd.	+700,000	4,100,000	$7,134,000
VYX	NCR Voyix Corp	+650,000	4,150,000	$33,905,500
FLR	Fluor Corp	+645,000	2,000,000	$104,780,000
CLX	Clorox Co /De/	+500,000	1,000,000	$95,440,000
BETA	BETA Technologies, Inc.	+328,200	1,028,200	$17,222,350
FCX	Freeport-Mcmoran Inc	+200,000	1,000,000	$62,890,000
NOV	NOV Inc.	+200,000	2,200,000	$40,810,000
SENS	Senseonics Holdings, Inc.	+200,000	700,000	$3,976,000
HRL	Hormel Foods Corp /De/	+150,000	1,000,000	$24,820,000
TLS	Telos Corp	+100,000	2,100,000	$9,660,000
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
UP	Wheels Up Experience Inc.	−3,700,000	300,000	$2,691,000
REAL	TheRealReal, Inc.	−2,500,000	1,500,000	$17,685,000
INTC	Intel Corp	−2,000,000	1,000,000	$139,630,000
BCS	Barclays PLC	−1,000,000	1,000,000	$26,860,000
W	Wayfair Inc.	−1,000,000	100,000	$9,242,000
C	Citigroup Inc	−1,000,000	1,000,000	$139,960,000
UPS	United Parcel Service Inc	−1,000,000	1,300,000	$139,750,000
MHK	Mohawk Industries Inc	−700,000	100,000	$12,133,000
DCH	Dauch Corp	−500,000	3,000,000	$16,260,000
ASTS	AST SpaceMobile, Inc.	−500,000	500,000	$44,430,000
DAL	Delta Air Lines, Inc.	−500,000	1,500,000	$140,490,000
YPF	Ypf Sociedad Anonima	−500,000	500,000	$22,735,000
DNLI	Denali Therapeutics Inc.	−400,000	200,000	$5,144,000
IONQ	IonQ, Inc.	−300,000	800,000	$42,608,000
BSX	Boston Scientific Corp	−250,000	250,000	$10,670,000
CLF	Cleveland-Cliffs Inc.	−200,000	3,000,000	$28,170,000
BWAY	Brainsway Ltd.	−150,000	1,500,000	$23,265,000
ISOU	IsoEnergy Ltd.	−100,000	600,000	$5,982,000
FTK	Flotek Industries Inc/Cn/	−89,438	1,000,000	$23,520,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	1,000,000	$746,770,000
NEM	NEWMONT Corp /DE/	2,000,000	$186,800,000
ACN	Accenture plc	1,300,000	$161,772,000
UBER	Uber Technologies, Inc	1,000,000	$72,160,000
NOW	ServiceNow, Inc.	500,000	$49,640,000
AR	ANTERO RESOURCES Corp	1,000,000	$35,140,000
CE	Celanese Corp	600,000	$27,600,000
BBWI	Bath & Body Works, Inc.	1,000,000	$23,130,000
ONDS	Ondas Inc.	2,000,000	$16,480,000
RKT	Rocket Companies, Inc.	1,000,000	$15,750,000
TEX	Terex Corp	200,000	$14,478,000
NU	Nu Holdings Ltd.	1,000,000	$13,360,000
ALM	Almonty Industries Inc.	600,000	$9,936,000
EOSE	Eos Energy Enterprises, Inc.	1,200,000	$7,056,000
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	4,000,000	$346,760,000
IBM	International Business Machines Corp	500,000	$121,195,000
APD	Air Products & Chemicals, Inc.	200,000	$58,098,000
ORA	Ormat Technologies, Inc.	500,000	$55,960,000
BWA	Borgwarner Inc	1,000,000	$54,260,000
ECL	Ecolab Inc.	200,000	$53,204,000
ADM	Archer-Daniels-Midland Co	500,000	$36,345,000
FLY	Firefly Aerospace Inc.	1,000,000	$28,470,000
FITB	Fifth Third Bancorp	600,000	$27,876,000
FSLY	Fastly, Inc.	800,000	$23,248,000
NOK	Nokia Corp	2,000,000	$16,080,000
VG	Venture Global, Inc.	880,000	$13,868,800
HUN	Huntsman CORP	1,000,000	$13,310,000
LYFT	Lyft, Inc.	1,000,000	$13,300,000
AAOI	Applied Optoelectronics, Inc.	100,000	$8,459,000
IAG	Iamgold Corp	300,000	$5,646,000
NFE	New Fortress Energy Inc.	1,000,000	$590,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

68 tracked positions · $3,810,296,952 total · filing declares 93 positions · $3,896,716,952 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 68 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT	NEW	1,000,000	NEW	$746,770,000	NEW	19.60%
BA	Boeing Co CALL Industrials	Added	1,000,000	+800,000	$216,470,000	+443.8%	5.68%
BABA	Alibaba Group Holding Ltd CALL Consumer Cyclical	Added	2,000,000	+1,000,000	$191,960,000	+53.0%	5.04%
NEM	NEWMONT Corp /DE/ CALL Basic Materials	NEW	2,000,000	NEW	$186,800,000	NEW	4.90%
ACN	Accenture plc CALL Technology	NEW	1,300,000	NEW	$161,772,000	NEW	4.25%
GM	General Motors Co CALL Consumer Cyclical	Added	2,000,000	+700,000	$154,160,000	+59.2%	4.05%
DAL	Delta Air Lines, Inc. PUT + SHARES Industrials	Reduced	1,500,000	-500,000	$140,490,000	+5.7%	3.69%
C	Citigroup Inc CALL Financial Services	Reduced	1,000,000	-1,000,000	$139,960,000	−38.3%	3.67%
UPS	United Parcel Service Inc CALL + SHARES Industrials	Reduced	1,300,000	-1,000,000	$139,750,000	−38.2%	3.67%
INTC	Intel Corp CALL Technology	Reduced	1,000,000	-2,000,000	$139,630,000	+5.5%	3.66%
FLR	Fluor Corp CALL + SHARES Industrials	Added	2,000,000	+645,000	$104,780,000	+65.8%	2.75%
AA	Alcoa Corp CALL Basic Materials	Added	2,000,000	+1,700,000	$104,280,000	+424.0%	2.74%
SLB	Slb Limited/Nv CALL + SHARES Energy	Added	2,200,000	+1,200,000	$102,278,000	+99.0%	2.68%
CLX	Clorox Co /De/ CALL Consumer Defensive	Added	1,000,000	+500,000	$95,440,000	+84.2%	2.50%
EMN	Eastman Chemical Co CALL + SHARES Basic Materials	Added	1,400,000	+1,200,000	$93,772,000	+514.3%	2.46%
UBER	Uber Technologies, Inc CALL Technology	NEW	1,000,000	NEW	$72,160,000	NEW	1.89%
FCX	Freeport-Mcmoran Inc CALL Basic Materials	Added	1,000,000	+200,000	$62,890,000	+33.7%	1.65%
BMY	Bristol Myers Squibb Co CALL Healthcare	Held	1,000,000	0	$57,620,000	−5.0%	1.51%
CVS	CVS HEALTH Corp CALL Healthcare	Held	500,000	0	$51,725,000	+44.0%	1.36%
NOW	ServiceNow, Inc. CALL Technology	NEW	500,000	NEW	$49,640,000	NEW	1.30%
ASTS	AST SpaceMobile, Inc. Technology	Reduced	500,000	-500,000	$44,430,000	−46.4%	1.17%
IONQ	IonQ, Inc. CALL Technology	Reduced	800,000	-300,000	$42,608,000	+34.4%	1.12%
NOV	NOV Inc. Energy	Added	2,200,000	+200,000	$40,810,000	+8.5%	1.07%
AR	ANTERO RESOURCES Corp CALL Energy	NEW	1,000,000	NEW	$35,140,000	NEW	0.92%
VYX	NCR Voyix Corp CALL + SHARES Technology	Added	4,150,000	+650,000	$33,905,500	+53.0%	0.89%
LION	Lionsgate Studios Corp.	Held	1,994,814	0	$30,540,602	+59.6%	0.80%
MBLY	Mobileye Global Inc. CALL Consumer Cyclical	Added	3,000,000	+900,000	$29,040,000	+101.3%	0.76%
CLF	Cleveland-Cliffs Inc. CALL Basic Materials	Reduced	3,000,000	-200,000	$28,170,000	+4.2%	0.74%
CE	Celanese Corp PUT + SHARES Basic Materials	NEW	600,000	NEW	$27,600,000	NEW	0.72%
BCS	Barclays PLC Financial Services	Reduced	1,000,000	-1,000,000	$26,860,000	−36.5%	0.70%
HRL	Hormel Foods Corp /De/ Consumer Defensive	Added	1,000,000	+150,000	$24,820,000	+28.9%	0.65%
FTK	Flotek Industries Inc/Cn/ Energy	Reduced	1,000,000	-89,438	$23,520,000	+27.2%	0.62%
BWAY	Brainsway Ltd. Healthcare	Reduced	1,500,000	-150,000	$23,265,000	+6.1%	0.61%
BBWI	Bath & Body Works, Inc. CALL Consumer Cyclical	NEW	1,000,000	NEW	$23,130,000	NEW	0.61%
YPF	Ypf Sociedad Anonima CALL Energy	Reduced	500,000	-500,000	$22,735,000	−50.8%	0.60%
RUN	Sunrun Inc. CALL + SHARES Technology	Added	1,500,000	+1,000,000	$20,070,000	+196.0%	0.53%
IP	International Paper Co /New/ CALL Consumer Cyclical	Held	500,000	0	$19,050,000	+6.7%	0.50%
ENVX	Enovix Corp CALL + SHARES Industrials	Held	3,000,000	0	$18,210,000	+17.2%	0.48%
REAL	TheRealReal, Inc. Consumer Cyclical	Reduced	1,500,000	-2,500,000	$17,685,000	−51.3%	0.46%
BETA	BETA Technologies, Inc. Industrials	Added	1,028,200	+328,200	$17,222,350	+67.4%	0.45%
ONDS	Ondas Inc. CALL Technology	NEW	2,000,000	NEW	$16,480,000	NEW	0.43%
DCH	Dauch Corp Consumer Cyclical	Reduced	3,000,000	-500,000	$16,260,000	−21.7%	0.43%
RKT	Rocket Companies, Inc. CALL Financial Services	NEW	1,000,000	NEW	$15,750,000	NEW	0.41%
RIG	Transocean Ltd. CALL + SHARES Energy	Held	3,000,000	0	$14,670,000	−26.2%	0.39%
TEX	Terex Corp Industrials	NEW	200,000	NEW	$14,478,000	NEW	0.38%
PONY	Pony AI Inc. CALL + SHARES Technology	Held	1,950,000	0	$13,552,500	−26.4%	0.36%
NU	Nu Holdings Ltd. CALL Financial Services	NEW	1,000,000	NEW	$13,360,000	NEW	0.35%
MANE	Veradermics, Inc Healthcare	Held	100,000	0	$12,294,000	+94.7%	0.32%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	100,000	-700,000	$12,133,000	−84.6%	0.32%
BSX	Boston Scientific Corp Healthcare	Reduced	250,000	-250,000	$10,670,000	−66.0%	0.28%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.