MASTERS CAPITAL MANAGEMENT LLC's Q3 2021 13F: 6 new positions, 6 exits
Form 13F-HR for the quarter ended Sep 30, 2021 · filed Nov 15, 2021 · 36 reported positions · accession 0001104186-21-000007
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | BRISTOL-MYERS SQUIBB CO (BMY) | — | 4.9% | +4.9 pts | +500K sh | new |
| Reduced | GILEAD SCIENCES INC (GILD) | 11.1% | 6.9% | −4.2 pts | −400K sh | −40% |
| Reduced | ALCOA CORP (AA) | 5.9% | 5.7% | −0.3 pts | −300K sh | −30% |
| Exited | CAMECO CORP (CCJ) | 2.2% | — | −2.2 pts | −700K sh | −100% |
| Increased | LIONS GATE ENTMNT CORP (LGFB) | 3.0% | 4.3% | +1.3 pts | +1M sh | +100% |
| Exited | GRAFTECH INTL LTD (EAF) | 1.9% | — | −1.9 pts | −1M sh | −100% |
| New | ANTERO RESOURCES CORP (AR) | — | 1.6% | +1.6 pts | +500K sh | new |
| Reduced | EMBRAER S.A. (EMBJ) | 2.8% | 1.7% | −1.1 pts | −550K sh | −48% |
| Increased | NOV INC (NOV) | 5.7% | 6.5% | +0.8 pts | +700K sh | +30% |
| Increased | DESIGNER BRANDS INC (DBI) | 3.7% | 4.6% | +0.9 pts | +605K sh | +43% |
| New | COTY INC (COTY) | — | 1.3% | +1.3 pts | +1M sh | new |
| Increased | TECHNIPFMC PLC (FTI) | 2.9% | 3.7% | +0.8 pts | +1M sh | +50% |
| New | GREEN PLAINS INC (GPRE) | — | 1.2% | +1.2 pts | +225K sh | new |
| Increased | PARTY CITY HOLDCO INC (PRTYQ) | 1.5% | 2.3% | +0.8 pts | +1M sh | +100% |
| New | HELMERICH & PAYNE INC (HP) | — | 0.9% | +0.9 pts | +200K sh | new |
| New | OLIN CORP (OLN) | — | 0.8% | +0.8 pts | +100K sh | new |
| Reduced | FIREEYE INC (FEYE) | 3.3% | 2.2% | −1.1 pts | −250K sh | −25% |
| Exited | BRIGHTHOUSE FINL INC (BHF) | 0.7% | — | −0.7 pts | −100K sh | −100% |
| Exited | TETRA TECHNOLOGIES INC DEL (TTI) | 0.7% | — | −0.7 pts | −1M sh | −100% |
| Exited | DIDI GLOBAL INC (DIDIY) | 0.6% | — | −0.6 pts | −250K sh | −100% |
| Increased | SSR MNG INC (SSRM) | 2.0% | 2.4% | +0.4 pts | +200K sh | +25% |
| Increased | BRAINSWAY LTD (BWAY) | 0.8% | 1.1% | +0.3 pts | +329K sh | +64% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 3.8% | 3.3% | −0.6 pts | −100K sh | −9% |
| Increased | TELOS CORP MD (TLS) | 5.5% | 5.0% | −0.5 pts | +58,100 sh | +6% |
| Reduced | FERROGLOBE PLC (GSM) | 2.0% | 2.6% | +0.6 pts | −189K sh | −9% |
| Increased | GREENBROOK TMS INC (GBNH) | 0.5% | 0.6% | +0.1 pts | +200K sh | +80% |
| Reduced | VIATRIS INC (VTRS) | 2.5% | 2.2% | −0.3 pts | −100K sh | −9% |
| Exited | SPRINKLR INC (CXM) | 0.2% | — | −0.2 pts | −50,000 sh | −100% |
| Increased | NEOPHOTONICS CORP (NPTN) | 1.6% | 1.6% | −0.1 pts | +100K sh | +10% |
| Increased | TITAN MED INC (TMDIF) | 0.3% | 0.4% | +0.1 pts | +500K sh | +50% |
| Increased | VIRIOS THERAPEUTICS INC (VIRI) | 0.6% | 0.6% | 0.0 pts | +50,000 sh | +8% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 54.2% of the equity book
Changes in the top 10 this quarter: BMY entered · DBI entered · LGFB entered · VYX left · SENS left · CLF left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | GILEAD SCIENCES INC (GILD) | 11.1% | 6.9% | |
| 2 | BARCLAYS PLC (BCS) | 6.2% | 6.8% | |
| 3 | NOV INC (NOV) | 5.7% | 6.5% | |
| 4 | ALCOA CORP (AA) | 5.9% | 5.7% | |
| 5 | FREEPORT-MCMORAN INC (FCX) | 6.0% | 5.4% | |
| 6 | TELOS CORP MD (TLS) | 5.5% | 5.0% | |
| 7 | BRISTOL-MYERS SQUIBB CO (BMY) | 0.0% | 4.9% | Entered the top 10 |
| 8 | DESIGNER BRANDS INC (DBI) | 3.7% | 4.6% | Entered the top 10 |
| 9 | LIONS GATE ENTMNT CORP (LGFB) | 3.0% | 4.3% | Entered the top 10 |
| 10 | DEUTSCHE BANK A G (DB) | 4.2% | 4.2% | |
| — | NCR CORP NEW (VYX) | 4.4% | 3.8% | Left the top 10 |
| — | SENSEONICS HLDGS INC (SENS) | 4.3% | 3.9% | Left the top 10 |
| — | CLEVELAND-CLIFFS INC NEW (CLF) | 3.8% | 3.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | SPDR S&P 500 ETF TR (SPY) | Put | 2M | 0 | $0 |
| Exited | ABBVIE INC (ABBV) | Call | 1M | 0 | $0 |
| Exited | WELLS FARGO CO NEW (WFC) | Call | 2M | 0 | $0 |
| New | ALIBABA GROUP HLDG LTD (BABA) | Call | 0 | 600K | $88.8M |
| Exited | RIO TINTO PLC (RIO) | Call | 1M | 0 | $0 |
| Exited | UNITED PARCEL SERVICE INC (UPS) | Call | 400K | 0 | $0 |
| New | DOW INC (DOW) | Call | 0 | 1M | $57.6M |
| New | PETROLEO BRASILEIRO SA PETRO (PBR) | Call | 0 | 5M | $51.7M |
| Increased | INTEL CORP (INTC) | Call | 1M | 2M | $107M |
| New | TECK RESOURCES LTD (TECK) | Call | 0 | 2M | $49.8M |
| Exited | MAGNA INTL INC (MGA) | Call | 500K | 0 | $0 |
| Increased | GENERAL MTRS CO (GM) | Call | 1M | 2M | $105M |
| New | PFIZER INC (PFE) | Call | 0 | 1M | $43M |
| Reduced | FREEPORT-MCMORAN INC (FCX) | Call | 2M | 1M | $32.5M |
| New | ISHARES TR (IGV) | Put | 0 | 100K | $39.9M |
| New | GILEAD SCIENCES INC (GILD) | Call | 0 | 500K | $34.9M |
| Reduced | DEUTSCHE BANK A G (DB) | Call | 5M | 3M | $38.1M |
| Exited | PULTE GROUP INC (PHM) | Call | 500K | 0 | $0 |
| Reduced | ALCOA CORP (AA) | Call | 2M | 1M | $48.9M |
| New | UNITED STATES STL CORP NEW (X) | Call | 0 | 1M | $22M |
| Reduced | APA CORPORATION (APA) | Call | 2M | 1M | $21.4M |
| New | CALIFORNIA RES CORP (CRC) | Call | 0 | 500K | $20.5M |
| Exited | FIREEYE INC (FEYE) | Call | 1M | 0 | $0 |
| New | EMBRAER S.A. (EMBJ) | Call | 0 | 1M | $17M |
| Increased | UNITED AIRLS HLDGS INC (UAL) | Call | 1.5M | 2M | $95.1M |