MASTERS CAPITAL MANAGEMENT LLC

CIK

1104186

Location

ATLANTA, GA

Portfolio Value

Small $107,412,500

Diversification

Diversified

Filing Date

Global Rank

#1,007 / 8,586 ▲ 75

Top Industry

Banks - Diversified 10.1%

3Y Alpha vs SPY

+4.0%

Period ended 3 months ago

Filed May 15, 2026 · 32d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+96.5%

SPY

+78.1%

Annualised alpha

+4.0%

Max drawdown

−30.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

70 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.5%

−0.9 pts

Top 5

31.5%

−1.0 pts

Top 10

48.8%

−0.9 pts

HHI

344

Diversified−6

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	19.9%	$533,352,750	11
Consumer Cyclical	19.7%	$527,421,000	9
Technology	18.1%	$484,978,000	12
Financial Services	11.1%	$297,016,000	3
Basic Materials	9.3%	$250,455,000	10
Energy	8.2%	$218,584,562	10
Healthcare	6.6%	$177,078,500	9
Consumer Defensive	4.0%	$107,412,500	3
Utilities	2.1%	$55,960,000	1
Unclassified	0.7%	$19,130,266	1
Real Estate	0.3%	$8,220,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
REAL	TheRealReal, Inc.	+2,000,000	4,000,000	$36,320,000
C	Citigroup Inc	+1,300,000	2,000,000	$226,820,000
CLF	Cleveland-Cliffs Inc.	+1,200,000	3,200,000	$27,040,000
INTC	Intel Corp	+1,000,000	3,000,000	$132,390,000
ENVX	Enovix Corp	+1,000,000	3,000,000	$15,540,000
BCS	Barclays PLC	+1,000,000	2,000,000	$42,320,000
BMY	Bristol Myers Squibb Co	+700,000	1,000,000	$60,650,000
BWAY	Brainsway Ltd.	+650,000	1,650,000	$21,928,500
ASTS	AST SpaceMobile, Inc.	+500,000	1,000,000	$82,870,000
VYX	NCR Voyix Corp	+500,000	3,500,000	$22,155,000
DCH	Dauch Corp	+500,000	3,500,000	$20,755,000
FCX	Freeport-Mcmoran Inc	+420,100	800,000	$47,024,000
MHK	Mohawk Industries Inc	+400,000	800,000	$78,768,000
EVTL	Vertical Aerospace Ltd.	+400,000	3,400,000	$7,514,000
YPF	Ypf Sociedad Anonima	+380,000	1,000,000	$46,220,000
IBM	International Business Machines Corp	+300,000	500,000	$121,195,000
FLR	Fluor Corp	+255,000	1,355,000	$63,210,750
SENS	Senseonics Holdings, Inc.	+250,002	500,000	$3,330,000
CLX	Clorox Co /De/	+184,500	500,000	$51,815,000
FTK	Flotek Industries Inc/Cn/	+89,438	1,089,438	$18,487,762
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
NXE	NexGen Energy Ltd.	−1,000,000	1,000,000	$11,600,000
SLB	Slb Limited/Nv	−1,000,000	1,000,000	$51,390,000
UP	Wheels Up Experience Inc.	−1,000,000	4,000,000	$2,068,000
EMN	Eastman Chemical Co	−900,000	200,000	$15,264,000
BORR	Borr Drilling Ltd	−900,000	2,000,000	$11,540,000
GM	General Motors Co	−700,000	1,300,000	$96,850,000
IP	International Paper Co /New/	−500,000	500,000	$17,850,000
DNLI	Denali Therapeutics Inc.	−400,000	600,000	$11,520,000
BA	Boeing Co	−300,000	200,000	$39,806,000
AA	Alcoa Corp	−200,000	300,000	$19,899,000
TLS	Telos Corp	−100,000	2,000,000	$8,380,000
EVEX	Eve Holding, Inc.	−100,000	2,000,000	$4,960,000
LION	Lionsgate Studios Corp.	−5,186	1,994,814	$19,130,266
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
W	Wayfair Inc.	1,100,000	$82,731,000
APD	Air Products & Chemicals, Inc.	200,000	$58,098,000
ORA	Ormat Technologies, Inc.	500,000	$55,960,000
ECL	Ecolab Inc.	200,000	$53,204,000
ADM	Archer-Daniels-Midland Co	500,000	$36,345,000
CVS	CVS HEALTH Corp	500,000	$35,910,000
IONQ	IonQ, Inc.	1,100,000	$31,713,000
BSX	Boston Scientific Corp	500,000	$31,375,000
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
HRL	Hormel Foods Corp /De/	850,000	$19,252,500
MBLY	Mobileye Global Inc.	2,100,000	$14,427,000
VG	Venture Global, Inc.	880,000	$13,868,800
BETA	BETA Technologies, Inc.	700,000	$10,290,000
AAOI	Applied Optoelectronics, Inc.	100,000	$8,459,000
ISOU	IsoEnergy Ltd.	700,000	$7,378,000
RUN	Sunrun Inc.	500,000	$6,780,000
MANE	Veradermics, Inc	100,000	$6,315,000
IAG	Iamgold Corp	300,000	$5,646,000
ITRG	Integra Resources Corp.	1,000,000	$2,730,000
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
HON	Honeywell International Inc	600,000	$117,054,000
MET	Metlife Inc	1,000,000	$78,940,000
GLW	Corning Inc /Ny	500,000	$43,780,000
MRVL	Marvell Technology, Inc.	500,000	$42,490,000
DOW	Dow Inc.	1,700,000	$39,746,000
OLN	OLIN Corp	1,700,000	$35,411,000
NKE	NIKE, Inc.	500,000	$31,855,000
CE	Celanese Corp	669,200	$28,293,776
F	Ford Motor Co	2,000,000	$26,240,000
PFE	Pfizer Inc	1,000,000	$24,900,000
APA	APA Corp	1,000,000	$24,460,000
XOM	Exxon Mobil Corp	200,000	$24,068,000
AAUC	Allied Gold Corp	500,000	$11,440,000
GPRE	Green Plains Inc.	1,000,000	$9,800,000
ACHR	Archer Aviation Inc.	999,600	$7,516,992
CELH	Celsius Holdings, Inc.	100,000	$4,574,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

3 positions · $107,412,500 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HRL	Hormel Foods Corp /De/ Consumer Defensive	NEW	850,000	NEW	$19,252,500	NEW	17.92%
ADM	Archer-Daniels-Midland Co Consumer Defensive	NEW	500,000	NEW	$36,345,000	NEW	33.84%
CLX	Clorox Co /De/ Consumer Defensive	Added	500,000	+184,500	$51,815,000	+62.9%	48.24%