MASTERS CAPITAL MANAGEMENT LLC's Q3 2023 13F: 9 new positions, 4 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 14, 2023 · 36 reported positions · accession 0001104186-23-000008
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | GENERAL MTRS CO (GM) | — | 6.5% | +6.5 pts | +1M sh | new |
| Reduced | DEUTSCHE BANK A G (DB) | 8.5% | 4.3% | −4.2 pts | −2.02M sh | −50% |
| New | V F CORP (VFC) | — | 3.5% | +3.5 pts | +1M sh | new |
| Exited | SCOTTS MIRACLE-GRO CO (SMG) | 2.5% | — | −2.5 pts | −200K sh | −100% |
| New | PERRIGO CO PLC (PRGO) | — | 1.9% | +1.9 pts | +300K sh | new |
| Reduced | GOODYEAR TIRE & RUBR CO (GT) | 4.0% | 1.7% | −2.3 pts | −750K sh | −52% |
| New | WW INTL INC (WGHTQ) | — | 1.7% | +1.7 pts | +800K sh | new |
| Reduced | GREEN PLAINS INC (GPRE) | 4.5% | 2.4% | −2.1 pts | −282K sh | −41% |
| Reduced | BARCLAYS PLC (BCS) | 8.0% | 6.0% | −1.9 pts | −1.07M sh | −21% |
| New | CELESTICA INC (CLSXXXX) | — | 1.4% | +1.4 pts | +300K sh | new |
| Exited | MAXEON SOLAR TECHNOLOGIES LT (MAXN) | 1.4% | — | −1.4 pts | −250K sh | −100% |
| New | TETRA TECHNOLOGIES INC DEL (TTI) | — | 1.3% | +1.3 pts | +1M sh | new |
| New | NEXGEN ENERGY LTD (NXE) | — | 1.2% | +1.2 pts | +1M sh | new |
| New | LUCID GROUP INC (LCID) | — | 1.1% | +1.1 pts | +995K sh | new |
| Increased | CALIFORNIA RES CORP (CRC) | 1.8% | 3.2% | +1.4 pts | +93,000 sh | +47% |
| Exited | RIVIAN AUTOMOTIVE INC (RIVN) | 1.0% | — | −1.0 pts | −300K sh | −100% |
| Reduced | FERROGLOBE PLC (GSM) | 2.9% | 2.1% | −0.8 pts | −905K sh | −30% |
| New | ASPEN AEROGELS INC (ASPN) | — | 0.8% | +0.8 pts | +499K sh | new |
| Reduced | DELTA AIR LINES INC DEL (DAL) | 9.6% | 6.6% | −3.1 pts | −100K sh | −10% |
| Exited | PITNEY BOWES INC (PBI) | 0.7% | — | −0.7 pts | −1M sh | −100% |
| Increased | LIONS GATE ENTMNT CORP (LGFB) | 3.5% | 3.5% | +0.1 pts | +240K sh | +12% |
| Increased | ALCOA CORP (AA) | 5.2% | 4.6% | −0.6 pts | +50,000 sh | +7% |
| Increased | ENOVIX CORPORATION (ENVX) | 3.7% | 2.7% | −0.9 pts | +100K sh | +10% |
| Increased | EMBRAER S.A. (EMBJ) | 3.1% | 2.9% | −0.2 pts | +85,000 sh | +9% |
| Increased | NAVITAS SEMICONDUCTOR CORP (NVTS) | 2.1% | 1.5% | −0.6 pts | +95,000 sh | +10% |
| Reduced | NOV INC (NOV) | 6.5% | 8.1% | +1.6 pts | −30,000 sh | −2% |
| Reduced | TRANSOCEAN LTD (RIG) | 4.3% | 4.8% | +0.5 pts | −40,000 sh | −1% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 6.8% | 6.1% | −0.7 pts | −10,000 sh | −1% |
| Reduced | ANGEL OAK MORTGAGE REIT INC (AOMR) | 1.7% | 1.7% | 0.0 pts | −8,000 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- FLOTEK INDS INC DEL (FTK): 343389102 → 343389409, 2M → 333K shares (share count change consistent with a stock split)
Top 10 positions — 60.2% of the equity book
Changes in the top 10 this quarter: GM entered · GPRE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NOV INC (NOV) | 6.5% | 8.1% | |
| 2 | FLUOR CORP NEW (FLR) | 6.0% | 7.2% | |
| 3 | DELTA AIR LINES INC DEL (DAL) | 9.6% | 6.6% | |
| 4 | GENERAL MTRS CO (GM) | 0.0% | 6.5% | Entered the top 10 |
| 5 | CLEVELAND-CLIFFS INC NEW (CLF) | 6.8% | 6.1% | |
| 6 | BARCLAYS PLC (BCS) | 8.0% | 6.0% | |
| 7 | SSR MINING IN (SSRM) | 6.6% | 6.0% | |
| 8 | TRANSOCEAN LTD (RIG) | 4.3% | 4.8% | |
| 9 | ALCOA CORP (AA) | 5.2% | 4.6% | |
| 10 | DEUTSCHE BANK A G (DB) | 8.5% | 4.3% | |
| — | GREEN PLAINS INC (GPRE) | 4.5% | 2.4% | 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 | SPDR S&P 500 ETF TR (SPY) | Put | 1M | 0 | $0 |
| New | DISNEY WALT CO (DIS) | Call | 0 | 2M | $162M |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | Call | 1.7M | 0 | $0 |
| Exited | GENERAL MTRS CO (GM) | Call | 3M | 0 | $0 |
| Exited | EXXON MOBIL CORP (XOM) | Call | 1M | 0 | $0 |
| Exited | BOEING CO (BA) | Call | 500K | 0 | $0 |
| Exited | DELTA AIR LINES INC DEL (DAL) | Call | 2M | 0 | $0 |
| New | ISHARES TR (TLT) | Call | 0 | 1M | $88.7M |
| Exited | FREEPORT-MCMORAN INC (FCX) | Call | 2M | 0 | $0 |
| Increased | WELLS FARGO CO NEW (WFC) | Call | 1M | 3M | $123M |
| New | DELL TECHNOLOGIES INC (DELL) | Call | 0 | 1M | $68.9M |
| Increased | AMAZON COM INC (AMZN) | Call | 500K | 1M | $127M |
| Exited | FIRST SOLAR INC (FSLR) | Call | 300K | 0 | $0 |
| Reduced | CITIGROUP INC (C) | Call | 3M | 2M | $82.3M |
| New | CAPRI HOLDINGS LIMITED (CPRI) | Call | 0 | 995K | $52.3M |
| Increased | INTEL CORP (INTC) | Call | 2M | 3M | $107M |
| New | SPDR SER TR (XBI) | Call | 0 | 500K | $36.5M |
| Exited | ALCOA CORP (AA) | Call | 1M | 0 | $0 |
| Reduced | CVS HEALTH CORP (CVS) | Call | 1.5M | 1M | $69.8M |
| New | GENERAL MTRS CO (GM) | Put | 0 | 1M | $33M |
| New | PERRIGO CO PLC (PRGO) | Call | 0 | 1M | $32M |
| Exited | SCHWAB CHARLES CORP (SCHW) | Call | 500K | 0 | $0 |
| New | MODERNA INC (MRNA) | Call | 0 | 250K | $25.8M |
| Reduced | FLUOR CORP NEW (FLR) | Call | 2M | 1M | $36.7M |
| New | DEUTSCHE BANK A G (DB) | Call | 0 | 2.03M | $22.3M |