SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Massar Capital Management, LP

CIK 0002037238 · 4 STAMFORD PLAZA, 107 ELM STREET, 4TH FLOOR, STAMFORD, CT, 06902 · 212.278.0350

Reported Value
$760M
Q3 2025
Positions
174
Filings on Record
7
2019–present window
Filed
Nov 14, 2025
original filing

Summary

Massar Capital Management, LP reported $760M in U.S.-listed holdings across 174 positions for Q3 2025.

Its largest position, UPS, represents 3.9% of the portfolio.

Compared with Q2 2025, the fund opened 97 new positions and exited 46.

Reported Value by Quarter

13F Reported Value
Q4 ’24: $88MQ4 ’24Q1 ’25: $89MQ1 ’25Q2 ’25: $134MQ2 ’25Q3 ’25: $760MQ3 ’25Q4 ’25: $932MQ4 ’25Q1 ’26: $934MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 72.9%ETP: 20.1%ADR: 3.8%Other: 3.1%REIT: 0.2%Other: 0.1%
  • Common Stock · 72.9% · $554M
  • ETP · 20.1% · $152M
  • ADR · 3.8% · $29M
  • Other · 3.1% · $23M
  • REIT · 0.2% · $1M
  • Other · 0.1% · $614,400

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MARAMARA HOLDINGS INCNEW+4.42M4.42M+$81M$81M
COINCOINBASE GLOBAL INCNEW+228.4K228.4K+$77M$77M
MIGASTRATEGY INCNEW+227.0K227.0K+$73M$73M
XYZBLOCK INCNEW+1.01M1.01M+$73M$73M
CORZCORE SCIENTIFIC INC NEWNEW+3.93M3.93M+$71M$71M
NDQINVESCO QQQ TRNEW+112.8K112.8K+$68M$68M
TSLATESLA INCNEW+42.5K42.5K+$19M$19M
ISHARES TRNEW+65.0K65.0K+$16M$16M

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

Holdings — Q3 2025

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UPSUNITED PARCEL SERVICE INCCL B3.93%$30M358.0K
2ISHARES INCMSCI BRAZIL ETF · MSCI CHILE ETF2.51%$19M610.0K
3GTLBGITLAB INCCLASS A COM1.67%$13M281.8K
4ETHGRAYSCALE ETHEREUM MINI TR ESHS NEW1.31%$10M255.0K
5IBITISHARES BITCOIN TRUST ETFSHS BEN INT1.10%$8M128.5K
6XYZBLOCK INCCL A0.90%$7M94.9K
7TPLTEXAS PACIFIC LAND CORPORATICOM0.86%$7M7.0K
8MIGASTRATEGY INCCL A NEW0.76%$6M18.0K
9INTCINTEL CORPCOM0.66%$5M150.0K
10VANECK ETF TRUSTSEMICONDUCTR ETF0.63%$5M14.6K
11GLOBALFOUNDRIES INCORDINARY SHARES0.61%$5M130.0K
12SMLRSEMLER SCIENTIFIC INCCOM0.59%$5M150.0K
13JDJD.COM INCSPON ADS CL A0.51%$4M110.2K
14NPKNATIONAL PRESTO INDS INCCOM0.48%$4M32.5K
15SMFGSUMITOMO MITSUI FINL GROUP ISPONSORED ADR0.44%$3M200.0K
16SGSWEETGREEN INCCOM CL A0.43%$3M411.0K
17BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.40%$3M17.0K
18CMGCHIPOTLE MEXICAN GRILL INCCOM0.40%$3M76.7K
19SPDR SERIES TRUSTS&P BIOTECH0.40%$3M30.0K
20GLOBAL X FDSGLOBAL X URANIUM0.34%$3M55.0K
21MFGMIZUHO FINANCIAL GROUP INCSPONSORED ADR0.33%$3M377.0K
22RBRKRUBRIK INC.CL A0.33%$2M30.2K
23MITSUBISHI UFJ FINL GROUP INSPONSORED ADS0.31%$2M148.5K
24ECECOPETROL S ASPONSORED ADS0.29%$2M240.0K
25WIX COM LTDSHS0.28%$2M12.2K
26FLRFLUOR CORP NEWCOM0.28%$2M51.2K
27EQTEQT CORPCOM0.28%$2M38.5K
28SOCSABLE OFFSHORE CORPCOM SHS0.28%$2M120.0K
29GDSGDS HLDGS LTDSPONSORED ADS0.27%$2M53.6K
30KSPIKASPI KZ JSCSPONSORED ADS0.27%$2M25.4K
31GOOGLALPHABET INCCAP STK CL A0.26%$2M8.0K
32VFCV F CORPCOM0.26%$2M134.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$934M246May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$932M317Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$760M174Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$134M112Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$89M112May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$88M47Feb 14, 202513F-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 ↗.