MASTERS CAPITAL MANAGEMENT LLC's Q2 2022 13F: 2 new positions, 5 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 15, 2022 · 30 reported positions · accession 0001104186-22-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | DELTA AIR LINES INC DEL (DAL) | — | 6.0% | +6.0 pts | +1M sh | new |
| Exited | FREEPORT-MCMORAN INC (FCX) | 4.2% | — | −4.2 pts | −500K sh | −100% |
| New | SSR MNG INC (SSRM) | — | 3.8% | +3.8 pts | +1.1M sh | new |
| Increased | CALIFORNIA RES CORP (CRC) | 1.5% | 4.8% | +3.3 pts | +400K sh | +200% |
| Increased | KB HOME (KBH) | 2.7% | 5.9% | +3.2 pts | +500K sh | +100% |
| Exited | DESIGNER BRANDS INC (DBI) | 2.5% | — | −2.5 pts | −1.1M sh | −100% |
| Exited | CORNING INC (GLW) | 2.5% | — | −2.5 pts | −400K sh | −100% |
| Increased | FORD MTR CO DEL (F) | 2.9% | 4.6% | +1.8 pts | +1M sh | +100% |
| Exited | GRAFTECH INTL LTD (EAF) | 1.6% | — | −1.6 pts | −1M sh | −100% |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | 5.5% | 4.8% | −0.6 pts | +500K sh | +50% |
| Reduced | TECHNIPFMC PLC (FTI) | 3.9% | 2.8% | −1.1 pts | −1M sh | −33% |
| Increased | GOODYEAR TIRE & RUBR CO (GT) | 3.6% | 4.5% | +0.8 pts | +500K sh | +33% |
| Reduced | BARCLAYS PLC (BCS) | 6.7% | 7.1% | +0.4 pts | −500K sh | −10% |
| Exited | GEVO INC (GEVO) | 0.8% | — | −0.8 pts | −1M sh | −100% |
| Increased | ANGEL OAK MTG INC (AOMR) | 1.4% | 1.9% | +0.6 pts | +220K sh | +44% |
| Increased | TELOS CORP MD (TLS) | 3.0% | 3.5% | +0.4 pts | +250K sh | +14% |
| Increased | LIONS GATE ENTMNT CORP (LGFB) | 4.6% | 3.7% | −0.9 pts | +200K sh | +11% |
| Reduced | DEUTSCHE BANK A G (DB) | 6.4% | 5.1% | −1.3 pts | −200K sh | −7% |
| Increased | FERROGLOBE PLC (GSM) | 2.4% | 2.6% | +0.2 pts | +259K sh | +14% |
| Reduced | PARTY CITY HOLDCO INC (PRTYQ) | 2.4% | 0.8% | −1.6 pts | −1M sh | −25% |
| Reduced | PITNEY BOWES INC (PBI) | 2.2% | 1.6% | −0.6 pts | −350K sh | −14% |
| Reduced | SEQUANS COMMUNICATIONS S A (SQNS) | 0.5% | 0.5% | 0.0 pts | −23,210 sh | −2% |
| Increased | VENUS CONCEPT INC (VERO) | 1.2% | 0.5% | −0.7 pts | +100K sh | +2% |
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 — 57.4% of the equity book
Changes in the top 10 this quarter: DAL entered · KBH entered · CRC entered · LGFB left · EMBJ left · FCX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BARCLAYS PLC (BCS) | 6.7% | 7.1% | |
| 2 | NOV INC (NOV) | 6.6% | 7.1% | |
| 3 | GENERAL MTRS CO (GM) | 7.4% | 6.6% | |
| 4 | DELTA AIR LINES INC DEL (DAL) | 0.0% | 6.0% | Entered the top 10 |
| 5 | KB HOME (KBH) | 2.7% | 5.9% | Entered the top 10 |
| 6 | DEUTSCHE BANK A G (DB) | 6.4% | 5.1% | |
| 7 | FLUOR CORP NEW (FLR) | 4.9% | 5.1% | |
| 8 | CALIFORNIA RES CORP (CRC) | 1.5% | 4.8% | Entered the top 10 |
| 9 | CLEVELAND-CLIFFS INC NEW (CLF) | 5.5% | 4.8% | |
| 10 | CITIGROUP INC (C) | 4.5% | 4.8% | |
| — | LIONS GATE ENTMNT CORP (LGFB) | 4.6% | 3.7% | Left the top 10 |
| — | EMBRAER S.A. (EMBJ) | 4.3% | 3.7% | Left the top 10 |
| — | FREEPORT-MCMORAN INC (FCX) | 4.2% | 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 | WELLS FARGO CO NEW (WFC) | Call | 4M | 0 | $0 |
| Increased | SPDR SER TR (XBI) | Call | 1M | 3M | $223M |
| New | ISHARES TR (TLT) | Call | 0 | 1M | $115M |
| Increased | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 1M | 1.7M | $240M |
| Exited | UNITED AIRLS HLDGS INC (UAL) | Call | 2M | 0 | $0 |
| Exited | DOW INC (DOW) | Call | 1.1M | 0 | $0 |
| Reduced | GENERAL MTRS CO (GM) | Call | 2M | 1M | $31.8M |
| Exited | INTEL CORP (INTC) | Call | 1M | 0 | $0 |
| Reduced | CORNING INC (GLW) | Call | 2M | 1M | $31.5M |
| Exited | PULTE GROUP INC (PHM) | Call | 1M | 0 | $0 |
| Exited | CALIFORNIA RES CORP (CRC) | Call | 800K | 0 | $0 |
| New | GENERAL MTRS CO (GM) | Put | 0 | 1M | $31.8M |
| New | DELTA AIR LINES INC DEL (DAL) | Put | 0 | 1M | $29M |
| New | KB HOME (KBH) | Call | 0 | 1M | $28.5M |
| Reduced | FLUOR CORP NEW (FLR) | Call | 2.53M | 1.9M | $46.2M |
| New | SUNRUN INC (RUN) | Call | 0 | 1M | $23.4M |
| Reduced | BARCLAYS PLC (BCS) | Call | 5.81M | 3M | $22.8M |
| Increased | ALCOA CORP (AA) | Call | 250K | 1M | $45.6M |
| Exited | SSR MNG INC (SSRM) | Call | 1M | 0 | $0 |
| New | AMAZON COM INC (AMZN) | Put | 0 | 200K | $21.2M |
| Exited | MICRON TECHNOLOGY INC (MU) | Call | 200K | 0 | $0 |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | Call | 500K | 2M | $30.7M |
| Exited | QUANTUMSCAPE CORP (QS) | Call | 500K | 0 | $0 |
| Increased | FREEPORT-MCMORAN INC (FCX) | Call | 1M | 2M | $58.5M |
| New | TRANSOCEAN LTD (RIG) | Call | 0 | 2M | $6.66M |