13F HOLDINGS REPORT
MASTERS CAPITAL MANAGEMENT LLC
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001104186-25-000008
Total Value
$2.57B
Positions
80
Other Managers
0
Confidential Omitted
No
Holdings (80)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 1,000,000 | $617.9M | 24.07% |
| 2 | WALMART INC | WMT | 1,000,000 | $97.8M | 3.81% |
| 3 | ISHARES TR | 464287432 | 1,000,000 | $88.3M | 3.44% |
| 4 | CITIGROUP INC | C-PR | 1,000,000 | $85.1M | 3.32% |
| 5 | CITIGROUP INC | C-PR | 1,000,000 | $85.1M | 3.32% |
| 6 | UNITED AIRLS HLDGS INC | UNTCW | 1,000,000 | $79.6M | 3.10% |
| 7 | VANECK ETF TRUST | 92189F791 | 1,000,000 | $67.6M | 2.63% |
| 8 | EASTMAN CHEM CO | EMN | 900,000 | $67.2M | 2.62% |
| 9 | MICRON TECHNOLOGY INC | MU | 500,000 | $61.6M | 2.40% |
| 10 | ARCHER DANIELS MIDLAND CO | ADM | 1,000,000 | $52.8M | 2.06% |
| 11 | FLUOR CORP NEW | FLR | 1,000,000 | $51.3M | 2.00% |
| 12 | WAYFAIR INC | W | 1,000,000 | $51.1M | 1.99% |
| 13 | DELTA AIR LINES INC DEL | DAL | 1,000,000 | $49.2M | 1.92% |
| 14 | UBER TECHNOLOGIES INC | UBER | 500,000 | $46.6M | 1.82% |
| 15 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 1,000,000 | $46.3M | 1.80% |
| 16 | FREEPORT-MCMORAN INC | FCX | 1,000,000 | $43.4M | 1.69% |
| 17 | FREEPORT-MCMORAN INC | FCX | 1,000,000 | $43.4M | 1.69% |
| 18 | TRUIST FINL CORP | 89832Q109 | 1,000,000 | $43.0M | 1.67% |
| 19 | BOEING CO | BA-PA | 200,000 | $41.9M | 1.63% |
| 20 | SCHLUMBERGER LTD | SLB | 1,000,000 | $33.8M | 1.32% |
| 21 | SCHLUMBERGER LTD | SLB | 1,000,000 | $33.8M | 1.32% |
| 22 | MOHAWK INDS INC | 608190104 | 300,000 | $31.5M | 1.23% |
| 23 | UNITED PARCEL SERVICE INC | UPS | 300,000 | $30.3M | 1.18% |
| 24 | BAXTER INTL INC | 071813109 | 1,000,000 | $30.3M | 1.18% |
| 25 | BAXTER INTL INC | 071813109 | 1,000,000 | $30.3M | 1.18% |
| 26 | ALCOA CORP | AA | 1,000,000 | $29.5M | 1.15% |
| 27 | FLUOR CORP NEW | FLR | 485,000 | $24.9M | 0.97% |
| 28 | NOV INC | NOV | 2,000,000 | $24.9M | 0.97% |
| 29 | DELTA AIR LINES INC DEL | DAL | 500,000 | $24.6M | 0.96% |
| 30 | AST SPACEMOBILE INC | ASTS | 500,000 | $23.4M | 0.91% |
| 31 | INTEL CORP | INTC | 1,000,000 | $22.4M | 0.87% |
| 32 | INTEL CORP | INTC | 1,000,000 | $22.4M | 0.87% |
| 33 | INTEL CORP | INTC | 1,000,000 | $22.4M | 0.87% |
| 34 | INTEL CORP | INTC | 1,000,000 | $22.4M | 0.87% |
| 35 | COHERENT CORP | COHR | 250,000 | $22.3M | 0.87% |
| 36 | NCR VOYIX CORPORATION | NCRRP | 1,900,000 | $22.3M | 0.87% |
| 37 | ENOVIX CORPORATION | ENVX | 2,000,000 | $20.7M | 0.81% |
| 38 | EASTMAN CHEM CO | EMN | 250,000 | $18.7M | 0.73% |
| 39 | PERRIGO CO PLC | PRGO | 697,400 | $18.6M | 0.73% |
| 40 | BARCLAYS PLC | BCLYF | 1,000,000 | $18.6M | 0.72% |
| 41 | CLEVELAND-CLIFFS INC NEW | CLF | 2,000,000 | $15.2M | 0.59% |
| 42 | FLOTEK INDS INC DEL | 343389409 | 1,000,000 | $14.8M | 0.57% |
| 43 | NEXGEN ENERGY LTD | NXE | 2,000,000 | $13.9M | 0.54% |
| 44 | EVE HLDG INC | EVEX-WT | 2,000,000 | $13.7M | 0.53% |
| 45 | DOW INC | DOW | 500,000 | $13.2M | 0.52% |
| 46 | PONY AI INC | PYAIF | 1,000,000 | $13.2M | 0.51% |
| 47 | SCOTTS MIRACLE-GRO CO | SMG | 200,000 | $13.2M | 0.51% |
| 48 | BRAINSWAY LTD | BRSYF | 1,000,000 | $13.2M | 0.51% |
| 49 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 1,000,000 | $12.5M | 0.49% |
| 50 | NOV INC | NOV | 1,000,000 | $12.4M | 0.48% |
| 51 | V F CORP | VFC | 1,000,000 | $11.8M | 0.46% |
| 52 | LIONSGATE STUDIOS CORP | LION | 2,000,000 | $11.6M | 0.45% |
| 53 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 250,000 | $11.6M | 0.45% |
| 54 | PPG INDS INC | 693506107 | 100,000 | $11.4M | 0.44% |
| 55 | ARCHER AVIATION INC | ACHR-WT | 1,000,000 | $10.8M | 0.42% |
| 56 | MIRION TECHNOLOGIES INC | MIR | 500,000 | $10.8M | 0.42% |
| 57 | ADIENT PLC | ADNT | 500,000 | $9.7M | 0.38% |
| 58 | ANGEL OAK MORTGAGE REIT INC | AOMN | 1,000,000 | $9.4M | 0.37% |
| 59 | CITIGROUP INC | C-PR | 100,000 | $8.5M | 0.33% |
| 60 | DENALI THERAPEUTICS INC | DNLI | 600,000 | $8.4M | 0.33% |
| 61 | LYFT INC | LYFT | 500,000 | $7.9M | 0.31% |
| 62 | CLEVELAND-CLIFFS INC NEW | CLF | 1,000,000 | $7.6M | 0.30% |
| 63 | FERROGLOBE PLC | GSM | 2,000,000 | $7.3M | 0.29% |
| 64 | QUANTUMSCAPE CORP | QS | 1,000,000 | $6.7M | 0.26% |
| 65 | TETRA TECHNOLOGIES INC DEL | 88162F105 | 2,000,000 | $6.7M | 0.26% |
| 66 | ETORO GROUP LTD | ETOR | 100,000 | $6.7M | 0.26% |
| 67 | TELOS CORP MD | TLS | 2,000,000 | $6.3M | 0.25% |
| 68 | GREEN PLAINS INC | GPRE | 1,000,000 | $6.0M | 0.23% |
| 69 | SUNRUN INC | RUN | 500,000 | $4.1M | 0.16% |
| 70 | BORR DRILLING LTD | BORR | 2,100,000 | $3.8M | 0.15% |
| 71 | NEURONETICS INC | STIM | 1,000,000 | $3.5M | 0.14% |
| 72 | LUCID DIAGNOSTICS INC | LUCD | 2,727,273 | $3.1M | 0.12% |
| 73 | DOW INC | DOW | 100,000 | $2.6M | 0.10% |
| 74 | SENSEONICS HLDGS INC | SENS | 4,500,000 | $2.1M | 0.08% |
| 75 | SCHOLAR ROCK HLDG CORP | SRRK | 50,000 | $1.8M | 0.07% |
| 76 | PLUG POWER INC | PLUG | 1,000,000 | $1.5M | 0.06% |
| 77 | TRUIST FINL CORP | 89832Q109 | 29,900 | $1.3M | 0.05% |
| 78 | WHEELS UP EXPERIENCE INC | WSUPW | 1,000,000 | $1.1M | 0.04% |
| 79 | NOVAGOLD RES INC | 66987E206 | 100,000 | $409,000 | 0.02% |
| 80 | INMUNE BIO INC | INMB | 100,000 | $231,000 | 0.01% |