MASTERS CAPITAL MANAGEMENT LLC's Q3 2022 13F: 1 new position, 5 exits
Form 13F-HR for the quarter ended Sep 30, 2022 · filed Nov 14, 2022 · 26 reported positions · accession 0001104186-22-000007
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | GENERAL MTRS CO (GM) | 6.6% | — | −6.6 pts | −1M sh | −100% |
| Exited | CITIGROUP INC (C) | 4.8% | — | −4.8 pts | −500K sh | −100% |
| Exited | FORD MTR CO DEL (F) | 4.6% | — | −4.6 pts | −2M sh | −100% |
| Exited | GOODYEAR TIRE & RUBR CO (GT) | 4.5% | — | −4.5 pts | −2M sh | −100% |
| Reduced | DELTA AIR LINES INC DEL (DAL) | 6.0% | 4.2% | −1.9 pts | −500K sh | −50% |
| Reduced | KB HOME (KBH) | 5.9% | 3.8% | −2.1 pts | −500K sh | −50% |
| Increased | GREEN PLAINS INC (GPRE) | 1.7% | 6.0% | +4.3 pts | +400K sh | +133% |
| Increased | SSR MNG INC (SSRM) | 3.8% | 7.8% | +4.0 pts | +700K sh | +64% |
| Reduced | BARCLAYS PLC (BCS) | 7.1% | 5.7% | −1.4 pts | −1.5M sh | −33% |
| Reduced | TRANSOCEAN LTD (RIG) | 2.8% | 0.7% | −2.0 pts | −3M sh | −75% |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | 4.8% | 8.0% | +3.2 pts | +500K sh | +33% |
| Reduced | TELOS CORP MD (TLS) | 3.5% | 4.5% | +1.0 pts | −350K sh | −17% |
| Exited | VIRIOS THERAPEUTICS INC (VIRI) | 0.6% | — | −0.6 pts | −650K sh | −100% |
| Increased | DEUTSCHE BANK A G (DB) | 5.1% | 6.6% | +1.5 pts | +200K sh | +7% |
| Reduced | FERROGLOBE PLC (GSM) | 2.6% | 3.0% | +0.4 pts | −200K sh | −10% |
| Reduced | PITNEY BOWES INC (PBI) | 1.6% | 1.2% | −0.3 pts | −300K sh | −14% |
| Reduced | ANGEL OAK MTG INC (AOMR) | 1.9% | 2.4% | +0.5 pts | −40,067 sh | −6% |
| New | SONENDO INC (SONX) | — | 0.1% | +0.1 pts | +400K sh | new |
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 — 68.0% of the equity book
Changes in the top 10 this quarter: SSRM entered · GPRE entered · EMBJ entered · FTI entered · GM left · DAL left · KBH left · C left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NOV INC (NOV) | 7.1% | 9.6% | |
| 2 | CLEVELAND-CLIFFS INC NEW (CLF) | 4.8% | 8.0% | |
| 3 | SSR MNG INC (SSRM) | 3.8% | 7.8% | Entered the top 10 |
| 4 | FLUOR CORP NEW (FLR) | 5.1% | 7.4% | |
| 5 | CALIFORNIA RES CORP (CRC) | 4.8% | 6.8% | |
| 6 | DEUTSCHE BANK A G (DB) | 5.1% | 6.6% | |
| 7 | GREEN PLAINS INC (GPRE) | 1.7% | 6.0% | Entered the top 10 |
| 8 | BARCLAYS PLC (BCS) | 7.1% | 5.7% | |
| 9 | EMBRAER S.A. (EMBJ) | 3.7% | 5.1% | Entered the top 10 |
| 10 | TECHNIPFMC PLC (FTI) | 2.8% | 5.0% | Entered the top 10 |
| — | GENERAL MTRS CO (GM) | 6.6% | 0.0% | Left the top 10 |
| — | DELTA AIR LINES INC DEL (DAL) | 6.0% | 4.2% | Left the top 10 |
| — | KB HOME (KBH) | 5.9% | 3.8% | Left the top 10 |
| — | CITIGROUP INC (C) | 4.8% | 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 |
|---|---|---|---|---|---|
| New | UNITED PARCEL SERVICE INC (UPS) | Call | 0 | 2M | $323M |
| Exited | SPDR SER TR (XBI) | Call | 3M | 0 | $0 |
| Reduced | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 1.7M | 1M | $119M |
| Exited | ISHARES TR (TLT) | Call | 1M | 0 | $0 |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | Call | 1M | 0 | $0 |
| Exited | D R HORTON INC (DHI) | Call | 1M | 0 | $0 |
| Reduced | CITIGROUP INC (C) | Call | 5M | 4M | $167M |
| New | TESLA INC (TSLA) | Call | 0 | 200K | $53.1M |
| New | WELLS FARGO CO NEW (WFC) | Call | 0 | 1M | $40.2M |
| Exited | GENERAL MTRS CO (GM) | Put | 1M | 0 | $0 |
| Reduced | DELTA AIR LINES INC DEL (DAL) | Call | 4M | 3M | $84.2M |
| Exited | CORNING INC (GLW) | Call | 1M | 0 | $0 |
| Reduced | FREEPORT-MCMORAN INC (FCX) | Call | 2M | 1M | $27.3M |
| Exited | CLEVELAND-CLIFFS INC NEW (CLF) | Call | 2M | 0 | $0 |
| Exited | DELTA AIR LINES INC DEL (DAL) | Put | 1M | 0 | $0 |
| Exited | KB HOME (KBH) | Call | 1M | 0 | $0 |
| New | UBER TECHNOLOGIES INC (UBER) | Call | 0 | 1M | $26.5M |
| Exited | SUNRUN INC (RUN) | Call | 1M | 0 | $0 |
| Reduced | FORD MTR CO DEL (F) | Call | 3M | 1M | $11.2M |
| Exited | AMAZON COM INC (AMZN) | Put | 200K | 0 | $0 |
| Exited | MACYS INC (M) | Call | 1M | 0 | $0 |
| Reduced | BARCLAYS PLC (BCS) | Call | 3M | 1M | $6.4M |
| Increased | FLUOR CORP NEW (FLR) | Call | 1.9M | 2M | $49.8M |
| Increased | TRANSOCEAN LTD (RIG) | Call | 2M | 4M | $9.88M |