MASTERS CAPITAL MANAGEMENT LLC's Q4 2024 13F: 7 new positions, 5 exits
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 14, 2025 · 38 reported positions · accession 0001104186-25-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | DOW INC (DOW) | — | 4.1% | +4.1 pts | +600K sh | new |
| New | AT&T INC (T) | — | 3.9% | +3.9 pts | +1M sh | new |
| New | INTEL CORP (INTC) | — | 3.4% | +3.4 pts | +1M sh | new |
| New | MIRION TECHNOLOGIES INC (MIR) | — | 3.0% | +3.0 pts | +1M sh | new |
| Exited | RIO TINTO PLC (RIO) | 2.7% | — | −2.7 pts | −200K sh | −100% |
| Exited | CORE SCIENTIFIC INC NEW (CORZ) | 2.3% | — | −2.3 pts | −1M sh | −100% |
| Exited | VIKING HOLDINGS LTD (VIK) | 2.0% | — | −2.0 pts | −300K sh | −100% |
| New | MOBILEYE GLOBAL INC (MBLY) | — | 1.7% | +1.7 pts | +500K sh | new |
| Exited | COHERENT CORP (COHR) | 1.5% | — | −1.5 pts | −88,792 sh | −100% |
| Reduced | WAYFAIR INC (W) | 4.3% | 1.5% | −2.8 pts | −200K sh | −50% |
| New | PONY AI INC (PONY) | — | 1.2% | +1.2 pts | +500K sh | new |
| Increased | NEXGEN ENERGY LTD (NXE) | 1.3% | 2.3% | +1.0 pts | +1M sh | +100% |
| Increased | NOV INC (NOV) | 3.5% | 3.7% | +0.2 pts | +350K sh | +30% |
| Increased | SUNRUN INC (RUN) | 1.7% | 1.6% | −0.2 pts | +500K sh | +100% |
| Reduced | VORNADO RLTY TR (VNO) | 3.8% | 2.9% | −0.9 pts | −99,999 sh | −20% |
| Reduced | PERRIGO CO PLC (PRGO) | 3.3% | 2.2% | −1.1 pts | −150K sh | −23% |
| Reduced | EMBRAER S.A. (EMBJ) | 3.4% | 2.5% | −0.9 pts | −100K sh | −20% |
| Reduced | NAVITAS SEMICONDUCTOR CORP (NVTS) | 0.9% | 0.6% | −0.3 pts | −1M sh | −50% |
| Reduced | ENOVIX CORPORATION (ENVX) | 3.1% | 2.6% | −0.5 pts | −300K sh | −18% |
| New | LUCID GROUP INC (LCID) | — | 0.5% | +0.5 pts | +1M sh | new |
| Increased | EVE HLDG INC (EVEX) | 0.7% | 1.6% | +0.8 pts | +500K sh | +42% |
| Increased | TELOS CORP MD (TLS) | 1.4% | 1.6% | +0.2 pts | +700K sh | +33% |
| Increased | AST SPACEMOBILE INC (ASTS) | 3.6% | 2.9% | −0.7 pts | +87,978 sh | +12% |
| Reduced | DEUTSCHE BANK A G (DB) | 6.3% | 5.2% | −1.0 pts | −80,000 sh | −4% |
| Increased | ARCHER AVIATION INC (ACHR) | 0.5% | 1.7% | +1.1 pts | +105K sh | +12% |
| Increased | BRAINSWAY LTD (BWAY) | 1.6% | 1.6% | 0.0 pts | +100K sh | +11% |
| Increased | NEURONETICS INC (STIM) | 0.2% | 0.4% | +0.2 pts | +300K sh | +25% |
| Exited | VENUS CONCEPT INC (VERO) | 0.1% | — | −0.1 pts | −622K sh | −100% |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 2.7% | 2.6% | −0.2 pts | −50,000 sh | −2% |
| Increased | FLOTEK INDS INC DEL (FTK) | 0.5% | 0.8% | +0.4 pts | +25,000 sh | +5% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 4.9% | 3.2% | −1.7 pts | −10,000 sh | 0% |
| Increased | TETRA TECHNOLOGIES INC DEL (TTI) | 1.2% | 1.2% | 0.0 pts | +24,657 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:
- BLUEBIRD BIO INC (BLUE): 09609G100 → 09609G209, 975K → 48,750 shares (share count change consistent with a stock split)
Top 10 positions — 53.5% of the equity book
Changes in the top 10 this quarter: DOW entered · T entered · NOV entered · INTC entered · CLF left · W left · VNO left · ASTS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | DELTA AIR LINES INC DEL (DAL) | 9.8% | 10.3% | |
| 2 | FLUOR CORP NEW (FLR) | 9.2% | 8.4% | |
| 3 | ALCOA CORP (AA) | 7.4% | 6.4% | |
| 4 | DEUTSCHE BANK A G (DB) | 6.3% | 5.2% | |
| 5 | BARCLAYS PLC (BCS) | 4.4% | 4.3% | |
| 6 | DOW INC (DOW) | 0.0% | 4.1% | Entered the top 10 |
| 7 | AT&T INC (T) | 0.0% | 3.9% | Entered the top 10 |
| 8 | NOV INC (NOV) | 3.5% | 3.7% | Entered the top 10 |
| 9 | V F CORP (VFC) | 3.8% | 3.7% | |
| 10 | INTEL CORP (INTC) | 0.0% | 3.4% | Entered the top 10 |
| — | CLEVELAND-CLIFFS INC NEW (CLF) | 4.9% | 3.2% | Left the top 10 |
| — | WAYFAIR INC (W) | 4.3% | 1.5% | Left the top 10 |
| — | VORNADO RLTY TR (VNO) | 3.8% | 2.9% | Left the top 10 |
| — | AST SPACEMOBILE INC (ASTS) | 3.6% | 2.9% | 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 |
|---|---|---|---|---|---|
| Reduced | SPDR S&P 500 ETF TR (SPY) | Put | 1M | 500K | $293M |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | Call | 500K | 2M | $170M |
| New | 3M CO (MMM) | Call | 0 | 900K | $116M |
| New | SCHLUMBERGER LTD (SLB) | Call | 0 | 3M | $115M |
| New | BRISTOL-MYERS SQUIBB CO (BMY) | Call | 0 | 2M | $113M |
| New | HONEYWELL INTL INC (HON) | Call | 0 | 500K | $113M |
| Exited | DISNEY WALT CO (DIS) | Call | 1M | 0 | $0 |
| New | MEDTRONIC PLC (MDT) | Call | 0 | 800K | $63.9M |
| New | UBER TECHNOLOGIES INC (UBER) | Call | 0 | 1M | $60.3M |
| New | EXXON MOBIL CORP (XOM) | Call | 0 | 500K | $53.8M |
| New | GENERAL MTRS CO (GM) | Call | 0 | 1M | $53.3M |
| Increased | FREEPORT-MCMORAN INC (FCX) | Call | 500K | 2M | $76.2M |
| Exited | SPDR SER TR (XBI) | Call | 500K | 0 | $0 |
| Exited | NUCOR CORP (NUE) | Call | 300K | 0 | $0 |
| Increased | FLUOR CORP NEW (FLR) | Call | 120K | 1M | $49.3M |
| New | YPF SOCIEDAD ANONIMA (YPF) | Call | 0 | 1M | $42.5M |
| Increased | INTEL CORP (INTC) | Call | 1M | 3M | $60.2M |
| Increased | DELTA AIR LINES INC DEL (DAL) | Call | 500K | 1M | $60.5M |
| Exited | MICRON TECHNOLOGY INC (MU) | Call | 300K | 0 | $0 |
| New | CISCO SYS INC (CSCO) | Call | 0 | 500K | $29.6M |
| Reduced | GILEAD SCIENCES INC (GILD) | Call | 1M | 600K | $55.4M |
| Increased | CALIFORNIA RES CORP (CRC) | Call | 500K | 1M | $51.9M |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | Call | 4M | 3M | $28.2M |
| Exited | BLOOM ENERGY CORP (BE) | Call | 2M | 0 | $0 |
| Exited | HEWLETT PACKARD ENTERPRISE C (HPE) | Call | 1M | 0 | $0 |