MASTERS CAPITAL MANAGEMENT LLC's Q1 2024 13F: 6 new positions, 4 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 38 reported positions · accession 0001104186-24-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | GENERAL MTRS CO (GM) | 6.3% | — | −6.3 pts | −1M sh | −100% |
| Exited | SSR MINING IN (SSRM) | 4.7% | — | −4.7 pts | −2.5M sh | −100% |
| Reduced | DEUTSCHE BANK A G (DB) | 4.8% | 3.0% | −1.8 pts | −1M sh | −50% |
| New | MOHAWK INDS INC (MHK) | — | 2.5% | +2.5 pts | +100K sh | new |
| New | BAXTER INTL INC (BAX) | — | 1.6% | +1.6 pts | +200K sh | new |
| Exited | WW INTL INC (WGHTQ) | 1.5% | — | −1.5 pts | −1M sh | −100% |
| Increased | NOV INC (NOV) | 5.7% | 7.4% | +1.7 pts | +400K sh | +25% |
| New | WAYFAIR INC (W) | — | 1.3% | +1.3 pts | +100K sh | new |
| New | VORNADO RLTY TR (VNO) | — | 1.1% | +1.1 pts | +210K sh | new |
| New | CIENA CORP (CIEN) | — | 0.9% | +0.9 pts | +100K sh | new |
| Increased | GREEN PLAINS INC (GPRE) | 2.2% | 3.1% | +0.8 pts | +200K sh | +40% |
| Increased | FERROGLOBE PLC (GSM) | 2.6% | 3.0% | +0.3 pts | +850K sh | +37% |
| Reduced | NAVITAS SEMICONDUCTOR CORP (NVTS) | 2.4% | 0.9% | −1.5 pts | −700K sh | −41% |
| Reduced | PERRIGO CO PLC (PRGO) | 1.1% | 0.6% | −0.5 pts | −100K sh | −50% |
| New | AST SPACEMOBILE INC (ASTS) | — | 0.5% | +0.5 pts | +1M sh | new |
| Exited | SONENDO INC (SONX) | 0.2% | — | −0.2 pts | −5M sh | −100% |
| Increased | LIONS GATE ENTMNT CORP (LGFB) | 3.6% | 3.7% | +0.1 pts | +100K sh | +5% |
| Reduced | SEQUANS COMMUNICATIONS S A (SQNS) | 1.0% | 0.0% | −1.0 pts | −1.58M sh | −79% |
| Reduced | TELOS CORP MD (TLS) | 2.0% | 2.4% | +0.4 pts | −100K sh | −3% |
| Increased | ENOVIX CORPORATION (ENVX) | 2.9% | 2.0% | −0.8 pts | +50,000 sh | +4% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 7.2% | 8.5% | +1.3 pts | −15,000 sh | −1% |
| Reduced | BARCLAYS PLC (BCS) | 4.2% | 5.3% | +1.2 pts | −20,000 sh | −1% |
| Increased | FLOTEK INDS INC DEL (FTK) | 0.3% | 0.4% | 0.0 pts | +18,524 sh | +4% |
| Increased | ANGEL OAK MORTGAGE REIT INC (AOMR) | 2.1% | 2.3% | +0.2 pts | +622 sh | 0% |
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 — 60.5% of the equity book
Changes in the top 10 this quarter: EMBJ entered · LGFB entered · IP entered · GM left · DB left · SSRM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | DELTA AIR LINES INC DEL (DAL) | 7.1% | 9.0% | |
| 2 | CLEVELAND-CLIFFS INC NEW (CLF) | 7.2% | 8.5% | |
| 3 | FLUOR CORP NEW (FLR) | 6.9% | 8.0% | |
| 4 | NOV INC (NOV) | 5.7% | 7.4% | |
| 5 | ALCOA CORP (AA) | 5.4% | 5.7% | |
| 6 | BARCLAYS PLC (BCS) | 4.2% | 5.3% | |
| 7 | EMBRAER S.A. (EMBJ) | 3.2% | 5.0% | Entered the top 10 |
| 8 | INTEL CORP (INTC) | 4.4% | 4.2% | |
| 9 | LIONS GATE ENTMNT CORP (LGFB) | 3.6% | 3.7% | Entered the top 10 |
| 10 | INTERNATIONAL PAPER CO (IP) | 3.2% | 3.7% | Entered the top 10 |
| — | GENERAL MTRS CO (GM) | 6.3% | 0.0% | Left the top 10 |
| — | DEUTSCHE BANK A G (DB) | 4.8% | 3.0% | Left the top 10 |
| — | SSR MINING IN (SSRM) | 4.7% | 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 | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 0 | 1.9M | $363M |
| Reduced | EXXON MOBIL CORP (XOM) | Call | 3M | 1M | $116M |
| New | MICRON TECHNOLOGY INC (MU) | Call | 0 | 1M | $118M |
| New | CISCO SYS INC (CSCO) | Call | 0 | 2M | $99.8M |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | Call | 2M | 1M | $72.4M |
| Reduced | DISNEY WALT CO (DIS) | Call | 1.5M | 500K | $61.2M |
| Increased | INTEL CORP (INTC) | Call | 500K | 2M | $88.3M |
| Reduced | 3M CO (MMM) | Call | 1M | 600K | $53.2M |
| Increased | GENERAL MTRS CO (GM) | Call | 1M | 2M | $90.7M |
| New | UNITED AIRLS HLDGS INC (UAL) | Call | 0 | 1M | $47.9M |
| New | FREEPORT-MCMORAN INC (FCX) | Call | 0 | 1M | $47M |
| Reduced | CITIGROUP INC (C) | Call | 2M | 1M | $63.2M |
| Exited | INTERNATIONAL PAPER CO (IP) | Call | 1M | 0 | $0 |
| Exited | GENERAL MTRS CO (GM) | Put | 1M | 0 | $0 |
| New | CORNING INC (GLW) | Call | 0 | 1M | $33M |
| Reduced | PERRIGO CO PLC (PRGO) | Call | 2M | 1M | $32.2M |
| New | SUNRUN INC (RUN) | Call | 0 | 2M | $26.4M |
| Reduced | DOW INC (DOW) | Call | 1M | 500K | $29M |
| Exited | CALIFORNIA RES CORP (CRC) | Call | 470K | 0 | $0 |
| New | CIENA CORP (CIEN) | Call | 0 | 500K | $24.7M |
| New | WAYFAIR INC (W) | Call | 0 | 300K | $20.4M |
| New | TRUIST FINL CORP (TFC) | Call | 0 | 500K | $19.5M |
| Increased | TRANSOCEAN LTD (RIG) | Call | 2M | 4M | $25.1M |
| New | PARAMOUNT GLOBAL (PARA) | Call | 0 | 1M | $11.8M |
| Exited | SSR MINING IN (SSRM) | Call | 1M | 0 | $0 |