MASTERS CAPITAL MANAGEMENT LLC's Q4 2022 13F: 6 new positions, 3 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 14, 2023 · 29 reported positions · accession 0001104186-23-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | CITIGROUP INC (C) | — | 7.8% | +7.8 pts | +700K sh | new |
| Exited | FLUOR CORP NEW (FLR) | 7.4% | — | −7.4 pts | −1M sh | −100% |
| Reduced | NOV INC (NOV) | 9.6% | 5.2% | −4.4 pts | −1M sh | −50% |
| Exited | TECHNIPFMC PLC (FTI) | 5.0% | — | −5.0 pts | −2M sh | −100% |
| Increased | DELTA AIR LINES INC DEL (DAL) | 4.2% | 8.1% | +4.0 pts | +500K sh | +100% |
| New | CAMECO CORP (CCJ) | — | 2.8% | +2.8 pts | +500K sh | new |
| New | GOODYEAR TIRE & RUBR CO (GT) | — | 2.8% | +2.8 pts | +1.1M sh | new |
| New | PETROLEO BRASILEIRO SA PETRO (PBR) | — | 2.6% | +2.6 pts | +1M sh | new |
| Increased | TRANSOCEAN LTD (RIG) | 0.7% | 3.4% | +2.6 pts | +2M sh | +200% |
| Exited | PARTY CITY HOLDCO INC (PRTYQ) | 1.4% | — | −1.4 pts | −3M sh | −100% |
| New | ALCOA CORP (AA) | — | 1.1% | +1.1 pts | +100K sh | new |
| Reduced | CALIFORNIA RES CORP (CRC) | 6.8% | 5.4% | −1.5 pts | −100K sh | −17% |
| Reduced | KB HOME (KBH) | 3.8% | 3.1% | −0.7 pts | −103K sh | −21% |
| Increased | SONENDO INC (SONX) | 0.1% | 1.1% | +0.9 pts | +1.13M sh | +281% |
| Increased | SSR MNG INC (SSRM) | 7.8% | 7.7% | −0.1 pts | +200K sh | +11% |
| Increased | GREEN PLAINS INC (GPRE) | 6.0% | 6.0% | 0.0 pts | +100K sh | +14% |
| New | MP MATERIALS CORP (MP) | — | 0.6% | +0.6 pts | +100K sh | new |
| Increased | FERROGLOBE PLC (GSM) | 3.0% | 2.3% | −0.7 pts | +500K sh | +26% |
| Increased | ANGEL OAK MTG INC (AOMR) | 2.4% | 1.2% | −1.2 pts | +320K sh | +47% |
| Increased | PITNEY BOWES INC (PBI) | 1.2% | 1.9% | +0.6 pts | +200K sh | +11% |
| Increased | LIONS GATE ENTMNT CORP (LGFB) | 4.1% | 2.8% | −1.3 pts | +100K sh | +5% |
| Increased | SEQUANS COMMUNICATIONS S A (SQNS) | 1.0% | 0.8% | −0.2 pts | +23,210 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 — 67.8% of the equity book
Changes in the top 10 this quarter: DAL entered · C entered · FLR left · FTI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | DEUTSCHE BANK A G (DB) | 6.6% | 8.5% | |
| 2 | DELTA AIR LINES INC DEL (DAL) | 4.2% | 8.1% | Entered the top 10 |
| 3 | CLEVELAND-CLIFFS INC NEW (CLF) | 8.0% | 7.9% | |
| 4 | CITIGROUP INC (C) | 0.0% | 7.8% | Entered the top 10 |
| 5 | SSR MNG INC (SSRM) | 7.8% | 7.7% | |
| 6 | GREEN PLAINS INC (GPRE) | 6.0% | 6.0% | |
| 7 | BARCLAYS PLC (BCS) | 5.7% | 5.8% | |
| 8 | EMBRAER S.A. (EMBJ) | 5.1% | 5.4% | |
| 9 | CALIFORNIA RES CORP (CRC) | 6.8% | 5.4% | |
| 10 | NOV INC (NOV) | 9.6% | 5.2% | |
| — | FLUOR CORP NEW (FLR) | 7.4% | 0.0% | Left the top 10 |
| — | TECHNIPFMC PLC (FTI) | 5.0% | 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 | 2M | 0 | $0 |
| Exited | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 1M | 0 | $0 |
| New | ALIBABA GROUP HLDG LTD (BABA) | Call | 0 | 1M | $88.1M |
| Reduced | CITIGROUP INC (C) | Call | 4M | 2M | $90.5M |
| New | FIRST SOLAR INC (FSLR) | Call | 0 | 500K | $74.9M |
| Exited | GILEAD SCIENCES INC (GILD) | Call | 1M | 0 | $0 |
| New | AMBARELLA INC (AMBA) | Call | 0 | 700K | $57.6M |
| Exited | TESLA INC (TSLA) | Call | 200K | 0 | $0 |
| Reduced | DELTA AIR LINES INC DEL (DAL) | Call | 3M | 1M | $32.9M |
| New | CATERPILLAR INC (CAT) | Put | 0 | 200K | $47.9M |
| Increased | FORD MTR CO DEL (F) | Call | 1M | 5M | $55.3M |
| Exited | WELLS FARGO CO NEW (WFC) | Call | 1M | 0 | $0 |
| New | UNITED AIRLS HLDGS INC (UAL) | Call | 0 | 1M | $37.7M |
| New | MARVELL TECHNOLOGY INC (MRVL) | Call | 0 | 1M | $37M |
| Increased | BARCLAYS PLC (BCS) | Call | 1M | 4M | $31.2M |
| Increased | UBER TECHNOLOGIES INC (UBER) | Call | 1M | 2M | $49.5M |
| New | GOODYEAR TIRE & RUBR CO (GT) | Call | 0 | 2M | $20.3M |
| New | VALE S A (VALE) | Call | 0 | 1M | $17M |
| New | PETROLEO BRASILEIRO SA PETRO (PBR) | Put | 0 | 1M | $10.7M |
| New | PETROLEO BRASILEIRO SA PETRO (PBR) | Call | 0 | 1M | $10.7M |
| Exited | TRANSOCEAN LTD (RIG) | Call | 4M | 0 | $0 |
| New | SNAP INC (SNAP) | Call | 0 | 1M | $8.95M |
| New | SUNRUN INC (RUN) | Call | 0 | 300K | $7.21M |