Institutional Manager · CIK 0001104186
MASTERS CAPITAL MANAGEMENT LLC
ATLANTA, GA · File #028-05511
Latest AUM
$2.45B
Positions
85
Top-10 Concentration
39.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | SPDR S&P 500 ETF TR | 78462F103 | -1,000,000 | -$666.2M | $0 |
| EXITED | GILEAD SCIENCES INC | 375558103 | -1,000,000 | -$111.0M | $0 |
| NEW | BOEING CO | BA-PA | +500,000 | +$108.6M | $0 |
| REDUCE | INTERNATIONAL BUSINESS MACHS | INTR | -300,000 | -$88.9M | +$7.0M |
| NEW | METLIFE INC | MET-PF | +1,000,000 | +$78.9M | $0 |
| NEW | HONEYWELL INTL INC | 438516106 | +400,000 | +$78.0M | $0 |
| ADD | ALIBABA GROUP HLDG LTD | BBAAY | +400,000 | +$58.6M | -$3.2M |
| EXITED | SPDR SERIES TRUST | 78464A870 | -500,000 | -$50.1M | $0 |
| NEW | MARVELL TECHNOLOGY INC | MRVL | +500,000 | +$42.5M | $0 |
| EXITED | ARCHER DANIELS MIDLAND CO | 039483102 | -700,000 | -$41.8M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202585 pos · $2.45B
- 13F HOLDINGS REPORTQ/E Sep 202583 pos · $2.76B
- 13F HOLDINGS REPORTQ/E Jun 202580 pos · $2.57B
- 13F HOLDINGS REPORTQ/E Mar 202582 pos · $2.03B
- 13F HOLDINGS REPORTQ/E Dec 202490 pos · $2.71B
- 13F HOLDINGS REPORTQ/E Sep 202472 pos · $2.05B
- 13F HOLDINGS REPORTQ/E Jun 202470 pos · $1.78B
- 13F HOLDINGS REPORTQ/E Mar 202479 pos · $2.79B
- 13F HOLDINGS REPORTQ/E Dec 202363 pos · $1.80B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BOEING CO | BA-PA | 500,000 | $108.6M | 5.14% |
| 2 | UNITED PARCEL SERVICE INC | UPS | 1,000,000 | $99.2M | 4.69% |
| 3 | CITIGROUP INC | C-PR | 700,000 | $81.7M | 3.87% |
| 4 | GENERAL MTRS CO | 37045V100 | 1,000,000 | $81.3M | 3.85% |
| 5 | GENERAL MTRS CO | 37045V100 | 1,000,000 | $81.3M | 3.85% |
| 6 | METLIFE INC | MET-PF | 1,000,000 | $78.9M | 3.74% |
| 7 | HONEYWELL INTL INC | 438516106 | 400,000 | $78.0M | 3.69% |
| 8 | ALIBABA GROUP HLDG LTD | BBAAY | 500,000 | $73.3M | 3.47% |
| 9 | ALIBABA GROUP HLDG LTD | BBAAY | 500,000 | $73.3M | 3.47% |
| 10 | DELTA AIR LINES INC DEL | DAL | 1,000,000 | $69.4M | 3.28% |
| 11 | DELTA AIR LINES INC DEL | DAL | 1,000,000 | $69.4M | 3.28% |
| 12 | INTERNATIONAL BUSINESS MACHS | INTR | 200,000 | $59.2M | 2.80% |
| 13 | EASTMAN CHEM CO | EMN | 800,000 | $51.1M | 2.42% |
| 14 | UNITED PARCEL SERVICE INC | UPS | 500,000 | $49.6M | 2.35% |
| 15 | UNITED PARCEL SERVICE INC | UPS | 500,000 | $49.6M | 2.35% |
| 16 | BORGWARNER INC | BWA | 1,000,000 | $45.1M | 2.13% |
| 17 | CORNING INC | GLW | 500,000 | $43.8M | 2.07% |
| 18 | MOHAWK INDS INC | 608190104 | 400,000 | $43.7M | 2.07% |
| 19 | FLUOR CORP NEW | FLR | 1,100,000 | $43.6M | 2.06% |
| 20 | MARVELL TECHNOLOGY INC | MRVL | 500,000 | $42.5M | 2.01% |