SEC 13F Intelligence

Managers / Q3 2024 · view latest →

MASTERS CAPITAL MANAGEMENT LLC

CIK 0001104186 · 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA, GA, 30305 · 4043642021

Reported Value
$2.1B
Q3 2024
Positions
72
Filings on Record
30
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Masters Capital Management LLC reported $2.1B in U.S.-listed holdings across 72 positions for Q3 2024.

Its largest position, DAL, represents 2.5% of the portfolio.

Compared with Q2 2024, the fund opened 16 new positions and exited 14.

Portfolio Metrics

Turnover
+46.2%
vs prior filed quarter
Top-10 Concentration
+14.6%
share of reported value
Largest Position
+2.5%
Delta Air Lines
New / Exited
16 / 14
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.8BQ4 ’18Q1 ’19: $1.9BQ2 ’19: $2.0BQ3 ’19: $1.7BQ4 ’19: $1.8BQ4 ’19Q1 ’20: $861MQ2 ’20: $885MQ3 ’20: $1.5BQ4 ’20: $1.7BQ4 ’20Q1 ’21: $3.0BQ2 ’21: $3.4BQ3 ’21: $2.4BQ4 ’21: $2.5BQ4 ’21Q1 ’22: $2.5BQ2 ’22: $2.1BQ3 ’22: $1.4BQ4 ’22: $1.3BQ4 ’22Q1 ’23: $2.0BQ2 ’23: $2.5BQ3 ’23: $1.8BQ4 ’23: $2.4BQ4 ’23Q1 ’24: $2.8BQ2 ’24: $1.8BQ3 ’24: $2.1BQ4 ’24: $2.7BQ4 ’24Q1 ’25: $2.0BQ2 ’25: $2.6BQ3 ’25: $2.8BQ4 ’25: $2.5BQ4 ’25Q1 ’26: $3.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 55.1%ETP: 30.4%ADR: 6.8%Other: 6.2%REIT: 1.5%
  • Common Stock · 55.1% · $1.1B
  • ETP · 30.4% · $623M
  • ADR · 6.8% · $140M
  • Other · 6.2% · $127M
  • REIT · 1.5% · $31M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR S&P 500 ETF TRNEW+1.00M1.00M+$574M$574M
DISDISNEY WALT CONEW+1.00M1.00M+$96M$96M
BABAALIBABA GROUP HLDG LTDNEW+500.0K500.0K+$53M$53M
SPDR SER TRNEW+500.0K500.0K+$49M$49M
NUENUCOR CORPNEW+300.0K300.0K+$45M$45M
LVSLAS VEGAS SANDS CORPNEW+750.0K750.0K+$38M$38M
CVSCVS HEALTH CORPNEW+500.0K500.0K+$31M$31M
VALE S ANEW+2.00M2.00M+$23M$23M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2024

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DALDELTA AIR LINES INC DELhistory →COM NEW2.48%$51M1.00M
2FLRFLUOR CORP NEWhistory →COM2.33%$48M1.00M
3AAALCOA CORPhistory →COM1.88%$39M1.00M
4DEUTSCHE BANK A GNAMEN AKT1.59%$33M1.88M
5CLFCLEVELAND-CLIFFS INC NEWhistory →COM1.25%$26M2.01M
6BCSBARCLAYS PLChistory →ADR1.13%$23M1.90M
7WWAYFAIR INChistory →CL A1.10%$22M400.0K
8VFCV F CORPhistory →COM0.97%$20M1.00M
9VNOVORNADO RLTY TRhistory →SH BEN INT0.96%$20M500.0K
10ASTSAST SPACEMOBILE INChistory →COM CL A0.91%$19M712.0K
11NOVNOV INChistory →COM0.90%$18M1.15M
12EMBJEMBRAER S.A.history →SPONSORED ADS0.86%$18M500.0K
13PERRIGO CO PLCSHS0.83%$17M650.0K
14ENVXENOVIX CORPORATIONhistory →COM0.77%$16M1.70M
15RIORIO TINTO PLChistory →SPONSORED ADR0.69%$14M200.0K
16LGF/BEURLIONS GATE ENTMNT CORPhistory →CL B NON VTG0.69%$14M2.05M
17FERROGLOBE PLCSHS0.68%$14M3.00M
18CORZCORE SCIENTIFIC INC NEWhistory →COM0.58%$12M1.00M
19AOMRANGEL OAK MORTGAGE REIT INChistory →COM0.57%$12M1.11M
20VIKING HOLDINGS LTDORD SHS0.51%$10M300.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.0B98May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.5B85Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.8B83Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.6B80Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.0B82May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.7B90Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.1B72Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.8B70Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.8B79May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.4B69Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.8B63Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.5B67Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.0B64May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.3B55Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.4B45Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.1B64Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.5B75May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.5B70Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.4B78Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.4B79Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.0B75May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.7B77Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.5B61Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$885M57Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$861M60May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.8B53Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.7B58Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.0B59Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.9B63May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.8B62Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.