MASTERS CAPITAL MANAGEMENT LLC's Q1 2022 13F: 6 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 33 reported positions · accession 0001104186-22-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | GENERAL MTRS CO (GM) | — | 7.4% | +7.4 pts | +1M sh | new |
| Exited | VIATRIS INC (VTRS) | 4.8% | — | −4.8 pts | −2M sh | −100% |
| Reduced | FREEPORT-MCMORAN INC (FCX) | 7.4% | 4.2% | −3.2 pts | −500K sh | −50% |
| Exited | SSR MNG INC (SSRM) | 4.1% | — | −4.1 pts | −1.3M sh | −100% |
| Reduced | NOV INC (NOV) | 7.5% | 6.6% | −0.9 pts | −1.1M sh | −35% |
| New | GOODYEAR TIRE & RUBR CO (GT) | — | 3.6% | +3.6 pts | +1.5M sh | new |
| New | KB HOME (KBH) | — | 2.7% | +2.7 pts | +500K sh | new |
| Increased | EMBRAER S.A. (EMBJ) | 2.5% | 4.3% | +1.7 pts | +1.2M sh | +150% |
| New | CORNING INC (GLW) | — | 2.5% | +2.5 pts | +400K sh | new |
| Increased | FLUOR CORP NEW (FLR) | 2.2% | 4.9% | +2.6 pts | +500K sh | +100% |
| Exited | UNITED AIRLS HLDGS INC (UAL) | 2.3% | — | −2.3 pts | −300K sh | −100% |
| Exited | NEOPHOTONICS CORP (NPTN) | 2.2% | — | −2.2 pts | −808K sh | −100% |
| Increased | DEUTSCHE BANK A G (DB) | 4.5% | 6.4% | +2.0 pts | +1M sh | +50% |
| Exited | ALCOA CORP (AA) | 2.1% | — | −2.1 pts | −200K sh | −100% |
| Exited | NCR CORP NEW (VYX) | 1.8% | — | −1.8 pts | −250K sh | −100% |
| New | CALIFORNIA RES CORP (CRC) | — | 1.5% | +1.5 pts | +200K sh | new |
| Increased | BARCLAYS PLC (BCS) | 7.4% | 6.7% | −0.7 pts | +1M sh | +25% |
| Increased | CITIGROUP INC (C) | 4.3% | 4.5% | +0.2 pts | +100K sh | +25% |
| New | GEVO INC (GEVO) | — | 0.8% | +0.8 pts | +1M sh | new |
| Increased | TRANSOCEAN LTD (RIG) | 1.5% | 3.1% | +1.6 pts | +1M sh | +33% |
| Increased | GREEN PLAINS INC (GPRE) | 1.2% | 1.6% | +0.3 pts | +100K sh | +50% |
| Reduced | TECHNIPFMC PLC (FTI) | 3.6% | 3.9% | +0.3 pts | −400K sh | −12% |
| Increased | TELOS CORP MD (TLS) | 4.1% | 3.0% | −1.1 pts | +300K sh | +20% |
| Increased | PITNEY BOWES INC (PBI) | 2.5% | 2.2% | −0.3 pts | +350K sh | +17% |
| Reduced | ANGEL OAK MTG INC (AOMR) | 1.8% | 1.4% | −0.4 pts | −100K sh | −17% |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 5.2% | 4.6% | −0.6 pts | −100K sh | −5% |
| Increased | DESIGNER BRANDS INC (DBI) | 2.5% | 2.5% | 0.0 pts | +100K sh | +10% |
| Reduced | FLOTEK INDS INC DEL (FTK) | 0.6% | 0.4% | −0.2 pts | −1M sh | −33% |
| Reduced | FERROGLOBE PLC (GSM) | 2.2% | 2.4% | +0.2 pts | −159K sh | −8% |
| Increased | PARTY CITY HOLDCO INC (PRTYQ) | 3.8% | 2.4% | −1.4 pts | +200K sh | +5% |
| Increased | BRAINSWAY LTD (BWAY) | 1.2% | 1.3% | +0.1 pts | +8,645 sh | +1% |
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 — 55.1% of the equity book
Changes in the top 10 this quarter: GM entered · FLR entered · EMBJ entered · VTRS left · TLS left · SSRM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | GENERAL MTRS CO (GM) | 0.0% | 7.4% | Entered the top 10 |
| 2 | BARCLAYS PLC (BCS) | 7.4% | 6.7% | |
| 3 | NOV INC (NOV) | 7.5% | 6.6% | |
| 4 | DEUTSCHE BANK A G (DB) | 4.5% | 6.4% | |
| 5 | CLEVELAND-CLIFFS INC NEW (CLF) | 3.9% | 5.5% | |
| 6 | FLUOR CORP NEW (FLR) | 2.2% | 4.9% | Entered the top 10 |
| 7 | LIONS GATE ENTMNT CORP (LGFB) | 5.2% | 4.6% | |
| 8 | CITIGROUP INC (C) | 4.3% | 4.5% | |
| 9 | EMBRAER S.A. (EMBJ) | 2.5% | 4.3% | Entered the top 10 |
| 10 | FREEPORT-MCMORAN INC (FCX) | 7.4% | 4.2% | |
| — | VIATRIS INC (VTRS) | 4.8% | 0.0% | Left the top 10 |
| — | TELOS CORP MD (TLS) | 4.1% | 3.0% | Left the top 10 |
| — | SSR MNG INC (SSRM) | 4.1% | 0.0% | 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 | UNITED PARCEL SERVICE INC (UPS) | Call | 1M | 0 | $0 |
| Exited | SCHLUMBERGER LTD (SLB) | Call | 4M | 0 | $0 |
| Increased | WELLS FARGO CO NEW (WFC) | Call | 2M | 4M | $194M |
| New | SPDR SER TR (XBI) | Call | 0 | 1M | $89.9M |
| Increased | DELTA AIR LINES INC DEL (DAL) | Call | 2M | 4M | $158M |
| New | D R HORTON INC (DHI) | Call | 0 | 1M | $74.5M |
| New | CORNING INC (GLW) | Call | 0 | 2M | $73.8M |
| Exited | UBER TECHNOLOGIES INC (UBER) | Call | 1.7M | 0 | $0 |
| Exited | CARDINAL HEALTH INC (CAH) | Call | 1M | 0 | $0 |
| New | INTEL CORP (INTC) | Call | 0 | 1M | $49.6M |
| Increased | UNITED AIRLS HLDGS INC (UAL) | Call | 1M | 2M | $92.7M |
| New | BARCLAYS PLC (BCS) | Call | 0 | 5.81M | $45.9M |
| Exited | PETROLEO BRASILEIRO SA PETRO (PBR) | Call | 4M | 0 | $0 |
| New | PULTE GROUP INC (PHM) | Call | 0 | 1M | $41.9M |
| Exited | VIATRIS INC (VTRS) | Call | 3M | 0 | $0 |
| Reduced | ALCOA CORP (AA) | Call | 1M | 250K | $22.5M |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | Call | 700K | 1.1M | $120M |
| New | FORD MTR CO DEL (F) | Call | 0 | 2M | $33.8M |
| Reduced | MICRON TECHNOLOGY INC (MU) | Call | 500K | 200K | $15.6M |
| Exited | ROBLOX CORP (RBLX) | Call | 300K | 0 | $0 |
| Exited | TECK RESOURCES LTD (TECK) | Call | 1M | 0 | $0 |
| Exited | VALE S A (VALE) | Call | 2M | 0 | $0 |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | Call | 2M | 500K | $16.1M |
| Exited | BRIGHTHOUSE FINL INC (BHF) | Call | 500K | 0 | $0 |
| Increased | CITIGROUP INC (C) | Call | 4M | 5M | $267M |