MASTERS CAPITAL MANAGEMENT LLC's Q2 2024 13F: 3 new positions, 6 exits
Form 13F-HR for the quarter ended Jun 30, 2024 · filed Aug 14, 2024 · 35 reported positions · accession 0001104186-24-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | PERRIGO CO PLC (PRGO) | 0.6% | 4.6% | +4.0 pts | +900K sh | +900% |
| Exited | INTERNATIONAL PAPER CO (IP) | 3.7% | — | −3.7 pts | −500K sh | −100% |
| Increased | CIENA CORP (CIEN) | 0.9% | 3.5% | +2.5 pts | +300K sh | +300% |
| Increased | DEUTSCHE BANK A G (DB) | 3.0% | 5.4% | +2.4 pts | +880K sh | +88% |
| Exited | MOHAWK INDS INC (MHK) | 2.5% | — | −2.5 pts | −100K sh | −100% |
| Increased | BAXTER INTL INC (BAX) | 1.6% | 3.6% | +2.0 pts | +400K sh | +200% |
| Increased | INTEL CORP (INTC) | 4.2% | 4.9% | +0.8 pts | +390K sh | +78% |
| Reduced | BARCLAYS PLC (BCS) | 5.3% | 3.6% | −1.7 pts | −1.08M sh | −36% |
| New | VIKING HOLDINGS LTD (VIK) | — | 1.8% | +1.8 pts | +300K sh | new |
| Increased | VORNADO RLTY TR (VNO) | 1.1% | 2.4% | +1.2 pts | +290K sh | +138% |
| Exited | WAYFAIR INC (W) | 1.3% | — | −1.3 pts | −100K sh | −100% |
| New | HEWLETT PACKARD ENTERPRISE C (HPE) | — | 1.1% | +1.1 pts | +300K sh | new |
| Reduced | ENOVIX CORPORATION (ENVX) | 2.0% | 2.8% | +0.7 pts | −350K sh | −26% |
| New | LIONSGATE STUDIOS CORP (LION) | — | 0.7% | +0.7 pts | +500K sh | new |
| Exited | ASPEN AEROGELS INC (ASPN) | 0.7% | — | −0.7 pts | −200K sh | −100% |
| Increased | NAVITAS SEMICONDUCTOR CORP (NVTS) | 0.9% | 1.3% | +0.4 pts | +900K sh | +90% |
| Reduced | NOV INC (NOV) | 7.4% | 6.2% | −1.2 pts | −180K sh | −9% |
| Reduced | GREEN PLAINS INC (GPRE) | 3.1% | 1.4% | −1.6 pts | −200K sh | −29% |
| Reduced | DELTA AIR LINES INC DEL (DAL) | 9.0% | 7.9% | −1.1 pts | −65,000 sh | −7% |
| Increased | TETRA TECHNOLOGIES INC DEL (TTI) | 0.8% | 1.1% | +0.2 pts | +700K sh | +70% |
| Increased | ALCOA CORP (AA) | 5.7% | 6.7% | +1.0 pts | +45,000 sh | +5% |
| Reduced | FERROGLOBE PLC (GSM) | 3.0% | 2.8% | −0.2 pts | −225K sh | −7% |
| Reduced | TRANSOCEAN LTD (RIG) | 3.6% | 2.7% | −0.8 pts | −130K sh | −4% |
| Reduced | FLUOR CORP NEW (FLR) | 8.0% | 7.7% | −0.3 pts | −15,000 sh | −2% |
| Reduced | EMBRAER S.A. (EMBJ) | 5.0% | 4.5% | −0.5 pts | −25,000 sh | −3% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 8.5% | 5.4% | −3.2 pts | −40,000 sh | −2% |
| Reduced | ANGEL OAK MORTGAGE REIT INC (AOMR) | 2.3% | 2.6% | +0.3 pts | −35,000 sh | −3% |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 3.7% | 3.1% | −0.5 pts | −50,000 sh | −2% |
| Reduced | V F CORP (VFC) | 2.9% | 2.3% | −0.5 pts | −30,000 sh | −3% |
| Reduced | TELOS CORP MD (TLS) | 2.4% | 2.1% | −0.3 pts | −100K sh | −3% |
| Exited | GREENBROOK TMS INC (GBNH) | 0.1% | — | −0.1 pts | −3.43M sh | −100% |
| Reduced | SUNRUN INC (RUN) | 2.5% | 2.1% | −0.4 pts | −25,000 sh | −3% |
| Increased | VENUS CONCEPT INC (VERO) | 0.0% | 0.1% | 0.0 pts | +333K sh | +100% |
| Exited | SEQUANS COMMUNICATIONS S A (SQNS) | 0.0% | — | 0.0 pts | −431K sh | −100% |
| Reduced | NEXGEN ENERGY LTD (NXE) | 1.5% | 1.2% | −0.2 pts | −25,000 sh | −3% |
| Reduced | FLOTEK INDS INC DEL (FTK) | 0.4% | 0.4% | +0.1 pts | −25,000 sh | −5% |
| Reduced | BLUEBIRD BIO INC (BLUE) | 0.2% | 0.2% | −0.1 pts | −25,000 sh | −3% |
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 — 56.9% of the equity book
Changes in the top 10 this quarter: DB entered · PRGO entered · LGFB left · IP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | DELTA AIR LINES INC DEL (DAL) | 9.0% | 7.9% | |
| 2 | FLUOR CORP NEW (FLR) | 8.0% | 7.7% | |
| 3 | ALCOA CORP (AA) | 5.7% | 6.7% | |
| 4 | NOV INC (NOV) | 7.4% | 6.2% | |
| 5 | DEUTSCHE BANK A G (DB) | 3.0% | 5.4% | Entered the top 10 |
| 6 | CLEVELAND-CLIFFS INC NEW (CLF) | 8.5% | 5.4% | |
| 7 | INTEL CORP (INTC) | 4.2% | 4.9% | |
| 8 | PERRIGO CO PLC (PRGO) | 0.6% | 4.6% | Entered the top 10 |
| 9 | EMBRAER S.A. (EMBJ) | 5.0% | 4.5% | |
| 10 | BARCLAYS PLC (BCS) | 5.3% | 3.6% | |
| — | LIONS GATE ENTMNT CORP (LGFB) | 3.7% | 3.1% | Left the top 10 |
| — | INTERNATIONAL PAPER CO (IP) | 3.7% | 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 |
|---|---|---|---|---|---|
| Exited | SPDR S&P 500 ETF TR (SPY) | Put | 1M | 0 | $0 |
| Exited | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 1.9M | 0 | $0 |
| New | INVESCO QQQ TR (QQQ) | Put | 0 | 500K | $240M |
| Exited | EXXON MOBIL CORP (XOM) | Call | 1M | 0 | $0 |
| Increased | DELTA AIR LINES INC DEL (DAL) | Call | 1M | 3M | $142M |
| New | ISHARES TR (TLT) | Call | 0 | 1M | $91.8M |
| Reduced | MICRON TECHNOLOGY INC (MU) | Call | 1M | 200K | $26.3M |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | Call | 1M | 0 | $0 |
| Increased | CITIGROUP INC (C) | Call | 1M | 2M | $127M |
| Exited | DISNEY WALT CO (DIS) | Call | 500K | 0 | $0 |
| Reduced | INTEL CORP (INTC) | Call | 2M | 1M | $31M |
| Exited | 3M CO (MMM) | Call | 600K | 0 | $0 |
| Reduced | CISCO SYS INC (CSCO) | Call | 2M | 1M | $47.5M |
| Exited | UNITED AIRLS HLDGS INC (UAL) | Call | 1M | 0 | $0 |
| Reduced | GENERAL MTRS CO (GM) | Call | 2M | 1M | $46.5M |
| Reduced | FLUOR CORP NEW (FLR) | Call | 1M | 100K | $4.36M |
| New | INTERNATIONAL PAPER CO (IP) | Call | 0 | 856K | $36.9M |
| Reduced | MARVELL TECHNOLOGY INC (MRVL) | Call | 1M | 500K | $35M |
| Exited | ALCOA CORP (AA) | Call | 1M | 0 | $0 |
| New | CALIFORNIA RES CORP (CRC) | Call | 0 | 600K | $31.9M |
| Exited | DOW INC (DOW) | Call | 500K | 0 | $0 |
| Exited | GOODYEAR TIRE & RUBR CO (GT) | Call | 2M | 0 | $0 |
| New | GILEAD SCIENCES INC (GILD) | Call | 0 | 385K | $26.4M |
| Exited | CIENA CORP (CIEN) | Call | 500K | 0 | $0 |
| New | MOHAWK INDS INC (MHK) | Call | 0 | 200K | $22.7M |