MASTERS CAPITAL MANAGEMENT LLC's Q4 2023 13F: 4 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 14, 2024 · 36 reported positions · accession 0001104186-24-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | INTEL CORP (INTC) | — | 4.4% | +4.4 pts | +500K sh | new |
| New | SUNRUN INC (RUN) | — | 3.4% | +3.4 pts | +1M sh | new |
| Exited | CALIFORNIA RES CORP (CRC) | 3.2% | — | −3.2 pts | −293K sh | −100% |
| New | INTERNATIONAL PAPER CO (IP) | — | 3.2% | +3.2 pts | +500K sh | new |
| Exited | GOODYEAR TIRE & RUBR CO (GT) | 1.7% | — | −1.7 pts | −700K sh | −100% |
| Exited | CELESTICA INC (CLSXXXX) | 1.4% | — | −1.4 pts | −300K sh | −100% |
| Reduced | NOV INC (NOV) | 8.1% | 5.7% | −2.4 pts | −370K sh | −19% |
| Reduced | BARCLAYS PLC (BCS) | 6.0% | 4.2% | −1.9 pts | −930K sh | −24% |
| Exited | LUCID GROUP INC (LCID) | 1.1% | — | −1.1 pts | −995K sh | −100% |
| Increased | NAVITAS SEMICONDUCTOR CORP (NVTS) | 1.5% | 2.4% | +0.9 pts | +605K sh | +55% |
| Reduced | ASPEN AEROGELS INC (ASPN) | 0.8% | 0.6% | −0.3 pts | −299K sh | −60% |
| Increased | DELTA AIR LINES INC DEL (DAL) | 6.6% | 7.1% | +0.5 pts | +100K sh | +11% |
| Increased | ALCOA CORP (AA) | 4.6% | 5.4% | +0.8 pts | +100K sh | +13% |
| Reduced | PERRIGO CO PLC (PRGO) | 1.9% | 1.1% | −0.8 pts | −100K sh | −33% |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 3.5% | 3.6% | 0.0 pts | −290K sh | −13% |
| Increased | GREEN PLAINS INC (GPRE) | 2.4% | 2.2% | −0.2 pts | +100K sh | +25% |
| Increased | ENOVIX CORPORATION (ENVX) | 2.7% | 2.9% | +0.1 pts | +200K sh | +18% |
| Increased | SSR MINING IN (SSRM) | 6.0% | 4.7% | −1.3 pts | +200K sh | +9% |
| Increased | WW INTL INC (WGHTQ) | 1.7% | 1.5% | −0.2 pts | +200K sh | +25% |
| Increased | ANGEL OAK MORTGAGE REIT INC (AOMR) | 1.7% | 2.1% | +0.5 pts | +157K sh | +16% |
| Reduced | EMBRAER S.A. (EMBJ) | 2.9% | 3.2% | +0.3 pts | −85,000 sh | −8% |
| New | BLUEBIRD BIO INC (BLUE) | — | 0.2% | +0.2 pts | +1M sh | new |
| Increased | FERROGLOBE PLC (GSM) | 2.1% | 2.6% | +0.5 pts | +205K sh | +10% |
| Increased | SONENDO INC (SONX) | 0.3% | 0.2% | −0.1 pts | +3.25M sh | +186% |
| Increased | FLOTEK INDS INC DEL (FTK) | 0.3% | 0.3% | 0.0 pts | +148K sh | +44% |
| Increased | TELOS CORP MD (TLS) | 1.4% | 2.0% | +0.6 pts | +100K sh | +3% |
| Increased | TRANSOCEAN LTD (RIG) | 4.8% | 3.3% | −1.4 pts | +40,000 sh | +1% |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | 6.1% | 7.2% | +1.1 pts | +10,000 sh | +1% |
| Increased | DEUTSCHE BANK A G (DB) | 4.3% | 4.8% | +0.5 pts | +15,000 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
Top 10 positions — 56.6% of the equity book
Changes in the top 10 this quarter: INTC entered · RIG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CLEVELAND-CLIFFS INC NEW (CLF) | 6.1% | 7.2% | |
| 2 | DELTA AIR LINES INC DEL (DAL) | 6.6% | 7.1% | |
| 3 | FLUOR CORP NEW (FLR) | 7.2% | 6.9% | |
| 4 | GENERAL MTRS CO (GM) | 6.5% | 6.3% | |
| 5 | NOV INC (NOV) | 8.1% | 5.7% | |
| 6 | ALCOA CORP (AA) | 4.6% | 5.4% | |
| 7 | DEUTSCHE BANK A G (DB) | 4.3% | 4.8% | |
| 8 | SSR MINING IN (SSRM) | 6.0% | 4.7% | |
| 9 | INTEL CORP (INTC) | 0.0% | 4.4% | Entered the top 10 |
| 10 | BARCLAYS PLC (BCS) | 6.0% | 4.2% | |
| — | TRANSOCEAN LTD (RIG) | 4.8% | 3.3% | 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 | SPDR S&P 500 ETF TR (SPY) | Put | 0 | 1M | $475M |
| New | EXXON MOBIL CORP (XOM) | Call | 0 | 3M | $300M |
| New | ALIBABA GROUP HLDG LTD (BABA) | Call | 0 | 2M | $155M |
| Exited | AMAZON COM INC (AMZN) | Call | 1M | 0 | $0 |
| Exited | WELLS FARGO CO NEW (WFC) | Call | 3M | 0 | $0 |
| New | 3M CO (MMM) | Call | 0 | 1M | $109M |
| Exited | ISHARES TR (TLT) | Call | 1M | 0 | $0 |
| Reduced | INTEL CORP (INTC) | Call | 3M | 500K | $25.1M |
| Exited | UNITED PARCEL SERVICE INC (UPS) | Call | 500K | 0 | $0 |
| Exited | CVS HEALTH CORP (CVS) | Call | 1M | 0 | $0 |
| Exited | DELL TECHNOLOGIES INC (DELL) | Call | 1M | 0 | $0 |
| Exited | MICRON TECHNOLOGY INC (MU) | Call | 1M | 0 | $0 |
| New | MARVELL TECHNOLOGY INC (MRVL) | Call | 0 | 1M | $60.3M |
| New | DOW INC (DOW) | Call | 0 | 1M | $54.8M |
| Reduced | CAPRI HOLDINGS LIMITED (CPRI) | Call | 995K | 200K | $10M |
| New | DELTA AIR LINES INC DEL (DAL) | Call | 0 | 1M | $40.2M |
| New | ALCOA CORP (AA) | Call | 0 | 1.1M | $37.4M |
| Exited | SPDR SER TR (XBI) | Call | 500K | 0 | $0 |
| New | INTERNATIONAL PAPER CO (IP) | Call | 0 | 1M | $36.2M |
| New | GENERAL MTRS CO (GM) | Call | 0 | 1M | $35.9M |
| Increased | PERRIGO CO PLC (PRGO) | Call | 1M | 2M | $64.4M |
| Exited | FLOWSERVE CORP (FLS) | Call | 800K | 0 | $0 |
| Reduced | DISNEY WALT CO (DIS) | Call | 2M | 1.5M | $135M |
| Exited | MODERNA INC (MRNA) | Call | 250K | 0 | $0 |
| New | CALIFORNIA RES CORP (CRC) | Call | 0 | 470K | $25.7M |