Massar Capital Management, LP

CIK

2037238

Location

STAMFORD, CT

Portfolio Value

Small $586,967,304

Diversification

Diversified

Filing Date

Global Rank

#2,409 / 8,622 ▼ 356 · as of Mar 2026

Top Industry

Internet Retail 21.6%

3Y Alpha vs SPY

+2.8%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Massar Capital Management, LP's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 74% that is ordinary stock — as little as 34% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+27.4%

SPY

+23.3%

Annualised alpha

+2.7%

Max drawdown

−22.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 74% of reported value on average across 6 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

13.0%

+2.8 pts

Top 5

39.5%

+4.7 pts

Top 10

51.2%

−3.4 pts

HHI

415

Diversified+47

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	19.8%	$116,445,540	21
Unclassified	15.9%	$93,120,832	5
Financial Services	14.6%	$85,617,746	44
Technology	10.8%	$63,323,872	34
Energy	9.4%	$55,439,625	15
Basic Materials	7.8%	$46,054,888	25
Communication Services	7.3%	$43,099,826	12
Consumer Defensive	7.1%	$41,433,529	8
Healthcare	3.9%	$23,071,903	18
Industrials	2.8%	$16,336,423	26
Utilities	0.3%	$2,049,709	4
Real Estate	0.2%	$973,411	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
JD	JD.com, Inc.	+1,684,480	1,794,680	$53,068,687
QURE	uniQure N.V.	+385,500	426,029	$6,965,574
HRL	Hormel Foods Corp /De/	+222,778	269,200	$6,097,380
PYPL	PayPal Holdings, Inc.	+203,372	219,463	$9,926,311
IBIT	iShares Bitcoin Trust ETF	+197,304	250,000	$9,605,000
WMT	Walmart Inc.	+158,200	269,500	$33,493,460
XOM	ExxonMobil Holdings Corp	+109,600	219,200	$37,189,472
RTAC	Renatus Tactical Acquisition Corp I	+95,444	277,028	$2,847,847
QQQ	Invesco Qqq Trust, Series 1	+53,621	132,385	$76,409,974
ERO	Ero Copper Corp.	+48,397	164,131	$4,377,373
INTC	Intel Corp	+32,153	101,038	$4,458,806
CLPT	ClearPoint Neuro, Inc.	+30,742	206,970	$1,883,427
GTLB	Gitlab Inc.	+23,516	87,346	$1,890,167
BMNR	Bitmine Immersion Technologies, Inc.	+21,056	31,031	$613,793
AEXA	American Exceptionalism Acquisition Corp. A	+21,056	178,976	$1,938,310
MELI	Mercadolibre Inc	+16,485	18,200	$31,468,164
AMZN	Amazon Com Inc	+16,426	46,717	$9,729,749
NET	Cloudflare, Inc.	+14,800	16,632	$3,431,846
RBRK	Rubrik, Inc.	+7,735	37,910	$1,856,452
META	Meta Platforms, Inc.	+7,708	11,118	$6,360,941
NOW	ServiceNow, Inc.	+4,595	9,945	$1,039,749
PSEC	Prospect Capital Corp	+3,911	27,095	$70,717
RDDT	Reddit, Inc.	+3,468	5,264	$708,797
GOOGL	Alphabet Inc.	+3,057	11,057	$3,179,550
GEV	GE Vernova Inc.	+1,775	2,391	$2,087,103
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MARA	MARA Holdings, Inc.	−5,238,006	57,000	$465,120
BABA	Alibaba Group Holding Ltd	−304,853	51,540	$6,466,208
COIN	Coinbase Global, Inc.	−218,145	3,682	$642,914
TAC	Transalta Corp	−119,912	20,826	$272,820
ETH	Grayscale Ethereum Staking Mini ETF	−101,825	255,000	$5,064,300
NXE	NexGen Energy Ltd.	−74,217	49,582	$575,151
TGB	Trekor Metals Ltd	−72,406	98,000	$632,100
PPTA	Perpetua Resources Corp.	−31,584	21,056	$592,094
XGN	Exagen Inc.	−30,000	140,000	$420,000
SPY	Spdr S&P 500 ETF Trust	−27,268	1,880	$1,222,639
IE	Ivanhoe Electric Inc.	−21,056	63,168	$746,645
PL	Planet Labs PBC	−16,108	16,108	$450,218
HON	Honeywell International Inc	−13,160	14,059	$3,177,756
CIB	Grupo Cibest S.A.	−13,000	13,000	$946,530
NNE	Nano Nuclear Energy Inc.	−11,616	9,809	$200,888
NSC	Norfolk Southern Corp	−8,742	1,358	$389,746
PWR	Quanta Services, Inc.	−8,576	729	$400,235
KEYS	Keysight Technologies, Inc.	−7,505	1,990	$561,916
TWST	Twist Bioscience Corp	−6,750	5,500	$261,360
MT	ArcelorMittal	−5,369	5,370	$279,132
MSGE	Madison Square Garden Entertainment Corp.	−4,369	4,369	$257,377
CPRX	Catalyst Pharmaceuticals, Inc.	−2,958	15,382	$380,858
IBM	International Business Machines Corp	−1,474	42,200	$10,228,858
AMG	Affiliated Managers Group, Inc.	−865	865	$239,345
DDOG	Datadog, Inc.	−297	1,920	$226,656
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
EA	Electronic Arts Inc.	108,900	$22,201,443
MOS	Mosaic Co	328,658	$8,380,779
MOH	Molina Healthcare, Inc.	47,271	$6,301,224
MSFT	Microsoft Corp	13,183	$4,879,951
TTWO	Take Two Interactive Software Inc	18,922	$3,737,095
CRK	Comstock Resources Inc	176,870	$3,728,419
MRX	Marex Group Ltd	73,696	$3,285,367
PAAS	Pan American Silver Corp	60,010	$3,278,346
CDE	Coeur Mining, Inc.	168,307	$3,159,122
SLM	SLM Corp	147,392	$3,155,662
CPNG	Coupang, Inc.	151,210	$2,854,844
HOOD	Robinhood Markets, Inc.	36,848	$2,553,566
DOW	Dow Inc.	58,957	$2,455,559
IPI	Intrepid Potash, Inc.	55,798	$2,386,480
LYB	LyondellBasell Industries N.V.	29,478	$2,374,747
CLBT	Cellebrite DI Ltd.	168,448	$2,321,213
STVN	Stevanato Group S.p.A.	168,448	$2,316,160
ECVT	Ecovyst Inc.	178,976	$2,301,631
BHP	BHP Group Ltd	31,584	$2,297,420
WBI	WaterBridge Infrastructure LLC	84,224	$2,256,360
VIAV	Viavi Solutions Inc.	65,994	$2,196,280
ZM	Zoom Communications, Inc.	26,320	$2,115,864
RBLX	Roblox Corp	36,453	$2,061,781
CF	CF Industries Holdings, Inc.	15,792	$2,050,433
SEDG	Solaredge Technologies, Inc.	40,006	$2,042,306
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
XYZ	Block, Inc.	1,264,504	$82,306,565
MSTR	Strategy Inc	310,139	$47,125,621
CORZ	Core Scientific, Inc./tx	2,649,676	$38,579,282
GLD	Spdr Gold Trust	75,500	$29,921,405
ORCL	Oracle Corp	124,257	$24,218,931
UPS	United Parcel Service Inc	58,000	$5,753,020
LULU	lululemon athletica inc.	23,697	$4,924,473
TPL	Texas Pacific Land Corp	16,260	$4,670,197
FISV	Fiserv Inc	57,861	$3,886,523
NE	Noble Corp plc	123,960	$3,500,630
BHVN	Biohaven Ltd.	247,400	$2,793,146
ODFL	Old Dominion Freight Line, Inc.	17,135	$2,686,768
FLNC	Fluence Energy, Inc.	131,600	$2,603,048
NEE	Nextera Energy Inc	30,950	$2,484,666
QXO	QXO, Inc.	120,756	$2,329,383
GLW	Corning Inc /Ny	25,942	$2,271,481
ACMR	ACM Research, Inc.	54,135	$2,135,625
EQT	EQT Corp	38,532	$2,065,315
BIDU	Baidu, Inc.	14,139	$1,847,401
JBHT	Hunt J B Transport Services Inc	9,359	$1,818,828
UROY	Uranium Royalty Corp.	473,110	$1,674,809
GLPI	Gaming & Leisure Properties, Inc.	37,251	$1,664,747
WBD	Warner Bros. Discovery, Inc.	57,268	$1,650,463
MRK	Merck & Co., Inc.	15,434	$1,624,582
HAL	Halliburton Co	56,316	$1,591,490
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

214 tracked positions · $586,967,304 total · as of Mar 31, 2026

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

Showing 1–50 of 214 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1 PUT CALL + SHARES	Added	132,385	+53,621	$76,409,974	+57.9%	13.02%
JD	JD.com, Inc. Consumer Cyclical	Added	1,794,680	+1,684,480	$53,068,687	+1577.9%	9.04%
XOM	ExxonMobil Holdings Corp PUT Energy	Added	219,200	+109,600	$37,189,472	+182.0%	6.34%
WMT	Walmart Inc. PUT Consumer Defensive	Added	269,500	+158,200	$33,493,460	+170.1%	5.71%
MELI	Mercadolibre Inc Consumer Cyclical	Added	18,200	+16,485	$31,468,164	+810.9%	5.36%
EA	Electronic Arts Inc. PUT Communication Services	NEW	108,900	NEW	$22,201,443	NEW	3.78%
GS	Goldman Sachs Group Inc PUT Financial Services	Held	15,000	0	$12,689,850	−3.8%	2.16%
JPM	Jpmorgan Chase & Co PUT Financial Services	Held	40,800	0	$12,001,728	−8.7%	2.04%
AAPL	Apple Inc. PUT Technology	Held	45,800	0	$11,623,582	−6.6%	1.98%
IBM	International Business Machines Corp PUT Technology	Reduced	42,200	-1,474	$10,228,858	−20.9%	1.74%
PYPL	PayPal Holdings, Inc. Financial Services	Added	219,463	+203,372	$9,926,311	+956.7%	1.69%
AMZN	Amazon Com Inc Consumer Cyclical	Added	46,717	+16,426	$9,729,749	+39.2%	1.66%
IBIT	iShares Bitcoin Trust ETF	Added	250,000	+197,304	$9,605,000	+267.1%	1.64%
MOS	Mosaic Co Basic Materials	NEW	328,658	NEW	$8,380,779	NEW	1.43%
QURE	uniQure N.V. Healthcare	Added	426,029	+385,500	$6,965,574	+618.2%	1.19%
MP	MP Materials Corp. / DE Basic Materials	Held	140,800	0	$6,795,008	−4.5%	1.16%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	51,540	-304,853	$6,466,208	−87.6%	1.10%
META	Meta Platforms, Inc. Communication Services	Added	11,118	+7,708	$6,360,941	+182.6%	1.08%
SMFG	Sumitomo Mitsui Financial Group, Inc. Financial Services	Held	320,000	0	$6,320,000	+2.2%	1.08%
MOH	Molina Healthcare, Inc. Healthcare	NEW	47,271	NEW	$6,301,224	NEW	1.07%
HRL	Hormel Foods Corp /De/ Consumer Defensive	Added	269,200	+222,778	$6,097,380	+454.2%	1.04%
MFG	Mizuho Financial Group Inc Financial Services	Held	650,000	0	$5,161,000	+8.5%	0.88%
ETH	Grayscale Ethereum Staking Mini ETF	Reduced	255,000	-101,825	$5,064,300	−49.4%	0.86%
MSFT	Microsoft Corp Technology	NEW	13,183	NEW	$4,879,951	NEW	0.83%
MUFG	Mitsubishi Ufj Financial Group Inc Financial Services	Held	280,000	0	$4,751,600	+7.0%	0.81%
INTC	Intel Corp Technology	Added	101,038	+32,153	$4,458,806	+75.4%	0.76%
ERO	Ero Copper Corp. Basic Materials	Added	164,131	+48,397	$4,377,373	+33.7%	0.75%
TTWO	Take Two Interactive Software Inc Communication Services	NEW	18,922	NEW	$3,737,095	NEW	0.64%
CRK	Comstock Resources Inc Energy	NEW	176,870	NEW	$3,728,419	NEW	0.64%
UUUU	Energy Fuels Inc Energy	Held	192,020	0	$3,504,365	+25.5%	0.60%
NET	Cloudflare, Inc. Technology	Added	16,632	+14,800	$3,431,846	+850.2%	0.58%
MRX	Marex Group Ltd Financial Services	NEW	73,696	NEW	$3,285,367	NEW	0.56%
PAAS	Pan American Silver Corp Basic Materials	NEW	60,010	NEW	$3,278,346	NEW	0.56%
GOOGL	Alphabet Inc. Communication Services	Added	11,057	+3,057	$3,179,550	+27.0%	0.54%
HON	Honeywell International Inc Industrials	Reduced	14,059	-13,160	$3,177,756	−40.2%	0.54%
CDE	Coeur Mining, Inc. Basic Materials	NEW	168,307	NEW	$3,159,122	NEW	0.54%
SLM	SLM Corp Financial Services	NEW	147,392	NEW	$3,155,662	NEW	0.54%
CPNG	Coupang, Inc. Consumer Cyclical	NEW	151,210	NEW	$2,854,844	NEW	0.49%
RTAC	Renatus Tactical Acquisition Corp I Financial Services	Added	277,028	+95,444	$2,847,847	+47.0%	0.49%
DIS	Walt Disney Co Communication Services	Held	28,847	0	$2,780,273	−15.3%	0.47%
HOOD	Robinhood Markets, Inc. Financial Services	NEW	36,848	NEW	$2,553,566	NEW	0.44%
DOW	Dow Inc. Basic Materials	NEW	58,957	NEW	$2,455,559	NEW	0.42%
IPI	Intrepid Potash, Inc. Basic Materials	NEW	55,798	NEW	$2,386,480	NEW	0.41%
LYB	LyondellBasell Industries N.V. Basic Materials	NEW	29,478	NEW	$2,374,747	NEW	0.40%
CLBT	Cellebrite DI Ltd. Technology	NEW	168,448	NEW	$2,321,213	NEW	0.40%
STVN	Stevanato Group S.p.A. Healthcare	NEW	168,448	NEW	$2,316,160	NEW	0.39%
TSLA	Tesla, Inc. CALL Consumer Cyclical	Held	6,200	0	$2,304,850	−17.3%	0.39%
ECVT	Ecovyst Inc. Basic Materials	NEW	178,976	NEW	$2,301,631	NEW	0.39%
BHP	BHP Group Ltd Basic Materials	NEW	31,584	NEW	$2,297,420	NEW	0.39%
WBI	WaterBridge Infrastructure LLC Energy	NEW	84,224	NEW	$2,256,360	NEW	0.38%

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.