MASTERS CAPITAL MANAGEMENT LLC's Q1 2023 13F: 5 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 15, 2023 · 28 reported positions · accession 0001104186-23-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | CITIGROUP INC (C) | 7.8% | — | −7.8 pts | −700K sh | −100% |
| New | FLUOR CORP NEW (FLR) | — | 7.4% | +7.4 pts | +1M sh | new |
| Increased | NOV INC (NOV) | 5.2% | 8.8% | +3.7 pts | +1M sh | +100% |
| Reduced | EMBRAER S.A. (EMBJ) | 5.4% | 3.9% | −1.5 pts | −1M sh | −50% |
| New | ENOVIX CORPORATION (ENVX) | — | 3.6% | +3.6 pts | +1M sh | new |
| Increased | BARCLAYS PLC (BCS) | 5.8% | 8.6% | +2.8 pts | +2M sh | +67% |
| Exited | KB HOME (KBH) | 3.1% | — | −3.1 pts | −397K sh | −100% |
| Reduced | GREEN PLAINS INC (GPRE) | 6.0% | 3.0% | −3.0 pts | −397K sh | −50% |
| Exited | CAMECO CORP (CCJ) | 2.8% | — | −2.8 pts | −500K sh | −100% |
| Exited | GOODYEAR TIRE & RUBR CO (GT) | 2.8% | — | −2.8 pts | −1.1M sh | −100% |
| Exited | PETROLEO BRASILEIRO SA PETRO (PBR) | 2.6% | — | −2.6 pts | −1M sh | −100% |
| Increased | CALIFORNIA RES CORP (CRC) | 5.4% | 6.4% | +1.1 pts | +200K sh | +40% |
| New | MAXEON SOLAR TECHNOLOGIES LT (MAXN) | — | 1.6% | +1.6 pts | +250K sh | new |
| Increased | ALCOA CORP (AA) | 1.1% | 2.0% | +0.9 pts | +100K sh | +100% |
| Increased | TELOS CORP MD (TLS) | 2.1% | 1.8% | −0.3 pts | +1.3M sh | +76% |
| Increased | GREENBROOK TMS INC (GBNH) | 0.3% | 0.8% | +0.4 pts | +2.73M sh | +390% |
| Exited | MP MATERIALS CORP (MP) | 0.6% | — | −0.6 pts | −100K sh | −100% |
| New | NAVITAS SEMICONDUCTOR CORP (NVTS) | — | 0.5% | +0.5 pts | +300K sh | new |
| New | ASENSUS SURGICAL INC (ASXC) | — | 0.3% | +0.3 pts | +1.84M sh | new |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 2.8% | 5.0% | +2.1 pts | −100K sh | −5% |
| Increased | FERROGLOBE PLC (GSM) | 2.3% | 3.0% | +0.7 pts | +100K sh | +4% |
| Increased | SONENDO INC (SONX) | 1.1% | 0.8% | −0.2 pts | +225K sh | +15% |
| Increased | SEQUANS COMMUNICATIONS S A (SQNS) | 0.8% | 0.5% | −0.3 pts | +50,000 sh | +5% |
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 — 72.5% of the equity book
Changes in the top 10 this quarter: FLR entered · LGFB entered · RIG entered · C left · GPRE left · EMBJ left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NOV INC (NOV) | 5.2% | 8.8% | |
| 2 | CLEVELAND-CLIFFS INC NEW (CLF) | 7.9% | 8.8% | |
| 3 | BARCLAYS PLC (BCS) | 5.8% | 8.6% | |
| 4 | DELTA AIR LINES INC DEL (DAL) | 8.1% | 8.3% | |
| 5 | FLUOR CORP NEW (FLR) | 0.0% | 7.4% | Entered the top 10 |
| 6 | DEUTSCHE BANK A G (DB) | 8.5% | 7.3% | |
| 7 | SSR MINING IN (SSRM) | 7.7% | 7.2% | |
| 8 | CALIFORNIA RES CORP (CRC) | 5.4% | 6.4% | |
| 9 | LIONS GATE ENTMNT CORP (LGFB) | 2.8% | 5.0% | Entered the top 10 |
| 10 | TRANSOCEAN LTD (RIG) | 3.4% | 4.6% | Entered the top 10 |
| — | CITIGROUP INC (C) | 7.8% | 0.0% | Left the top 10 |
| — | GREEN PLAINS INC (GPRE) | 6.0% | 3.0% | Left the top 10 |
| — | EMBRAER S.A. (EMBJ) | 5.4% | 3.9% | 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 | DISNEY WALT CO (DIS) | Call | 0 | 2M | $200M |
| New | BANK AMERICA CORP (BAC) | Call | 0 | 5M | $143M |
| Increased | CITIGROUP INC (C) | Call | 2M | 4M | $188M |
| New | GENERAL ELECTRIC CO (GE) | Call | 0 | 750K | $71.7M |
| New | CORNING INC (GLW) | Call | 0 | 2M | $70.6M |
| New | INTEL CORP (INTC) | Call | 0 | 2M | $65.3M |
| Exited | AMBARELLA INC (AMBA) | Call | 700K | 0 | $0 |
| Exited | FORD MTR CO DEL (F) | Call | 5M | 0 | $0 |
| Exited | UBER TECHNOLOGIES INC (UBER) | Call | 2M | 0 | $0 |
| New | BIOMARIN PHARMACEUTICAL INC (BMRN) | Call | 0 | 500K | $48.6M |
| Exited | CATERPILLAR INC (CAT) | Put | 200K | 0 | $0 |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | Call | 1M | 1.3M | $133M |
| New | META PLATFORMS INC (META) | Call | 0 | 200K | $42.4M |
| Increased | GENERAL MTRS CO (GM) | Call | 1M | 2M | $73.4M |
| Exited | UNITED AIRLS HLDGS INC (UAL) | Call | 1M | 0 | $0 |
| Increased | DELTA AIR LINES INC DEL (DAL) | Call | 1M | 2M | $69.8M |
| New | CLEVELAND-CLIFFS INC NEW (CLF) | Call | 0 | 2M | $36.7M |
| Reduced | FIRST SOLAR INC (FSLR) | Call | 500K | 200K | $43.5M |
| Exited | BARCLAYS PLC (BCS) | Call | 4M | 0 | $0 |
| New | SSR MINING IN (SSRM) | Call | 0 | 2M | $30.2M |
| Reduced | DEUTSCHE BANK A G (DB) | Call | 4M | 1.68M | $17.1M |
| New | CROWDSTRIKE HLDGS INC (CRWD) | Call | 0 | 200K | $27.5M |
| New | RH (RH) | Call | 0 | 100K | $24.4M |
| New | FLOWSERVE CORP (FLS) | Call | 0 | 700K | $23.8M |
| Exited | GOODYEAR TIRE & RUBR CO (GT) | Call | 2M | 0 | $0 |