MASTERS CAPITAL MANAGEMENT LLC's Q4 2021 13F: 5 new positions, 8 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 33 reported positions · accession 0001104186-22-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | GILEAD SCIENCES INC (GILD) | 6.9% | — | −6.9 pts | −600K sh | −100% |
| Reduced | ALCOA CORP (AA) | 5.7% | 2.1% | −3.5 pts | −500K sh | −71% |
| Exited | BRISTOL-MYERS SQUIBB CO (BMY) | 4.9% | — | −4.9 pts | −500K sh | −100% |
| New | CITIGROUP INC (C) | — | 4.3% | +4.3 pts | +400K sh | new |
| New | FORD MTR CO DEL (F) | — | 3.7% | +3.7 pts | +1M sh | new |
| Reduced | DESIGNER BRANDS INC (DBI) | 4.6% | 2.5% | −2.1 pts | −1.01M sh | −50% |
| Reduced | NCR CORP NEW (VYX) | 3.8% | 1.8% | −2.0 pts | −350K sh | −58% |
| Increased | VIATRIS INC (VTRS) | 2.2% | 4.8% | +2.6 pts | +1M sh | +100% |
| New | UNITED AIRLS HLDGS INC (UAL) | — | 2.3% | +2.3 pts | +300K sh | new |
| New | FLUOR CORP NEW (FLR) | — | 2.2% | +2.2 pts | +500K sh | new |
| Exited | FIREEYE INC (FEYE) | 2.2% | — | −2.2 pts | −750K sh | −100% |
| New | GRAFTECH INTL LTD (EAF) | — | 2.1% | +2.1 pts | +1M sh | new |
| Increased | PARTY CITY HOLDCO INC (PRTYQ) | 2.3% | 3.8% | +1.4 pts | +1.8M sh | +90% |
| Exited | ANTERO RESOURCES CORP (AR) | 1.6% | — | −1.6 pts | −500K sh | −100% |
| Exited | COTY INC (COTY) | 1.3% | — | −1.3 pts | −1M sh | −100% |
| Increased | TELOS CORP MD (TLS) | 5.0% | 4.1% | −0.8 pts | +442K sh | +42% |
| Increased | VENUS CONCEPT INC (VERO) | 0.6% | 1.5% | +0.9 pts | +3.4M sh | +227% |
| Increased | SSR MNG INC (SSRM) | 2.4% | 4.1% | +1.7 pts | +300K sh | +30% |
| Exited | HELMERICH & PAYNE INC (HP) | 0.9% | — | −0.9 pts | −200K sh | −100% |
| Reduced | NEOPHOTONICS CORP (NPTN) | 1.6% | 2.2% | +0.6 pts | −292K sh | −27% |
| Exited | OLIN CORP (OLN) | 0.8% | — | −0.8 pts | −100K sh | −100% |
| Increased | EMBRAER S.A. (EMBJ) | 1.7% | 2.5% | +0.9 pts | +200K sh | +33% |
| Increased | TECHNIPFMC PLC (FTI) | 3.7% | 3.6% | −0.1 pts | +400K sh | +13% |
| Exited | TITAN MED INC (TMDIF) | 0.4% | — | −0.4 pts | −1.5M sh | −100% |
| Increased | ANGEL OAK MTG INC (AOMR) | 1.4% | 1.8% | +0.4 pts | +100K sh | +20% |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 4.3% | 5.2% | +0.9 pts | −100K sh | −5% |
| Increased | NOV INC (NOV) | 6.5% | 7.5% | +1.0 pts | +100K sh | +3% |
| Increased | FERROGLOBE PLC (GSM) | 2.6% | 2.2% | −0.4 pts | +189K sh | +10% |
| Increased | GREENBROOK TMS INC (GBNH) | 0.6% | 0.5% | 0.0 pts | +250K sh | +56% |
| Reduced | GREEN PLAINS INC (GPRE) | 1.2% | 1.2% | 0.0 pts | −25,000 sh | −11% |
| Increased | PITNEY BOWES INC (PBI) | 2.4% | 2.5% | +0.1 pts | +100K sh | +5% |
| Increased | BRAINSWAY LTD (BWAY) | 1.1% | 1.2% | +0.1 pts | +47,455 sh | +6% |
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 — 53.3% of the equity book
Changes in the top 10 this quarter: VTRS entered · C entered · SSRM entered · CLF entered · GILD left · AA left · BMY left · DBI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NOV INC (NOV) | 6.5% | 7.5% | |
| 2 | FREEPORT-MCMORAN INC (FCX) | 5.4% | 7.4% | |
| 3 | BARCLAYS PLC (BCS) | 6.8% | 7.4% | |
| 4 | LIONS GATE ENTMNT CORP (LGFB) | 4.3% | 5.2% | |
| 5 | VIATRIS INC (VTRS) | 2.2% | 4.8% | Entered the top 10 |
| 6 | DEUTSCHE BANK A G (DB) | 4.2% | 4.5% | |
| 7 | CITIGROUP INC (C) | 0.0% | 4.3% | Entered the top 10 |
| 8 | TELOS CORP MD (TLS) | 5.0% | 4.1% | |
| 9 | SSR MNG INC (SSRM) | 2.4% | 4.1% | Entered the top 10 |
| 10 | CLEVELAND-CLIFFS INC NEW (CLF) | 3.3% | 3.9% | Entered the top 10 |
| — | GILEAD SCIENCES INC (GILD) | 6.9% | 0.0% | Left the top 10 |
| — | ALCOA CORP (AA) | 5.7% | 2.1% | Left the top 10 |
| — | BRISTOL-MYERS SQUIBB CO (BMY) | 4.9% | 0.0% | Left the top 10 |
| — | DESIGNER BRANDS INC (DBI) | 4.6% | 2.5% | 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 |
|---|---|---|---|---|---|
| New | UNITED PARCEL SERVICE INC (UPS) | Call | 0 | 1M | $214M |
| Reduced | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 2M | 1M | $134M |
| Exited | INTEL CORP (INTC) | Call | 2M | 0 | $0 |
| New | WELLS FARGO CO NEW (WFC) | Call | 0 | 2M | $96M |
| New | UBER TECHNOLOGIES INC (UBER) | Call | 0 | 1.7M | $71.3M |
| Increased | SCHLUMBERGER LTD (SLB) | Call | 2M | 4M | $120M |
| New | CARDINAL HEALTH INC (CAH) | Call | 0 | 1M | $51.5M |
| Reduced | UNITED AIRLS HLDGS INC (UAL) | Call | 2M | 1M | $43.8M |
| New | MICRON TECHNOLOGY INC (MU) | Call | 0 | 500K | $46.6M |
| Exited | ORACLE CORP (ORCL) | Call | 500K | 0 | $0 |
| Exited | PFIZER INC (PFE) | Call | 1M | 0 | $0 |
| Exited | ISHARES TR (IGV) | Put | 100K | 0 | $0 |
| Increased | FLUOR CORP NEW (FLR) | Call | 1M | 2M | $49.5M |
| New | ROBLOX CORP (RBLX) | Call | 0 | 300K | $30.9M |
| Exited | FIRST SOLAR INC (FSLR) | Call | 300K | 0 | $0 |
| New | VALE S A (VALE) | Call | 0 | 2M | $28M |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | Call | 1M | 2M | $43.5M |
| Exited | UNITED STATES STL CORP NEW (X) | Call | 1M | 0 | $0 |
| Exited | APA CORPORATION (APA) | Call | 1M | 0 | $0 |
| Reduced | TECK RESOURCES LTD (TECK) | Call | 2M | 1M | $28.8M |
| Reduced | BRIGHTHOUSE FINL INC (BHF) | Call | 1.01M | 500K | $25.9M |
| Exited | NCR CORP NEW (VYX) | Call | 500K | 0 | $0 |
| New | SSR MNG INC (SSRM) | Call | 0 | 1M | $17.7M |
| Exited | EMBRAER S.A. (EMBJ) | Call | 1M | 0 | $0 |
| Increased | VIATRIS INC (VTRS) | Call | 2M | 3M | $40.6M |