MASTERS CAPITAL MANAGEMENT LLC's Q2 2026 13F: 6 new positions, 8 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Aug 14, 2026 · 42 reported positions · accession 0001104186-26-000006
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | MOHAWK INDS INC (MHK) | 7.3% | 1.7% | −5.6 pts | −400K sh | −80% |
| Reduced | UNITED PARCEL SVCS INC (UPS) | 7.3% | 4.5% | −2.7 pts | −200K sh | −40% |
| Exited | NOKIA CORP (NOK) | 2.4% | — | −2.4 pts | −2M sh | −100% |
| New | TEREX CORP NEW (TEX) | — | 2.0% | +2.0 pts | +200K sh | new |
| Exited | HUNTSMAN CORP (HUN) | 2.0% | — | −2.0 pts | −1M sh | −100% |
| New | CELANESE CORP DEL (CE) | — | 1.9% | +1.9 pts | +300K sh | new |
| Increased | EASTMAN CHEM CO (EMN) | 2.3% | 3.8% | +1.5 pts | +200K sh | +100% |
| New | BOSTON SCIENTIFIC CORP (BSX) | — | 1.5% | +1.5 pts | +250K sh | new |
| Exited | CLEVELAND-CLIFFS INC NEW (CLF) | 1.5% | — | −1.5 pts | −1.2M sh | −100% |
| Reduced | DENALI THERAPEUTICS INC (DNLI) | 1.7% | 0.7% | −1.0 pts | −400K sh | −67% |
| New | ALMONTY INDS INC (ALM) | — | 1.4% | +1.4 pts | +600K sh | new |
| New | SLB LIMITED (SLB) | — | 1.3% | +1.3 pts | +200K sh | new |
| Exited | FASTLY INC (FSLY) | 1.3% | — | −1.3 pts | −300K sh | −100% |
| New | EOS ENERGY ENTERPRISES INC (EOSE) | — | 1.0% | +1.0 pts | +1.2M sh | new |
| Exited | LYFT INC (LYFT) | 1.0% | — | −1.0 pts | −500K sh | −100% |
| Exited | IAMGOLD CORP (IAG) | 0.8% | — | −0.8 pts | −300K sh | −100% |
| Reduced | THE REALREAL INC (REAL) | 2.7% | 2.5% | −0.2 pts | −500K sh | −25% |
| Increased | BETA TECHNOLOGIES INC (BETA) | 1.5% | 2.4% | +0.9 pts | +328K sh | +47% |
| Increased | NCR VOYIX CORPORATION (VYX) | 3.3% | 4.6% | +1.3 pts | +500K sh | +14% |
| Increased | FLUOR CORP (FLR) | 6.4% | 7.4% | +1.0 pts | +75,000 sh | +8% |
| Increased | HORMEL FOODS CORP (HRL) | 2.8% | 3.5% | +0.6 pts | +150K sh | +18% |
| Increased | NOV INC (NOV) | 5.6% | 5.7% | +0.2 pts | +200K sh | +10% |
| Reduced | DAUCH CORP (AXL) | 3.1% | 2.3% | −0.8 pts | −500K sh | −14% |
| Reduced | BRAINSWAY LTD (BWAY) | 3.2% | 3.3% | 0.0 pts | −150K sh | −9% |
| Reduced | FLOTEK INDUSTRIES INC (FTK) | 2.7% | 3.3% | +0.6 pts | −89,438 sh | −8% |
| Increased | VERTICAL AEROSPACE LTD (EVTL) | 1.1% | 1.0% | −0.1 pts | +700K sh | +21% |
| Increased | SENSEONICS HLDGS INC (SENS) | 0.5% | 0.6% | +0.1 pts | +200K sh | +40% |
| Reduced | ISOENERGY LTD (ISOU) | 1.1% | 0.8% | −0.2 pts | −100K sh | −14% |
| Exited | MOBILEYE GLOBAL INC (MBLY) | 0.1% | — | −0.1 pts | −100K sh | −100% |
| Exited | NEW FORTRESS ENERGY INC (NFE) | 0.1% | — | −0.1 pts | −1M sh | −100% |
| Increased | TELOS CORP MD (TLS) | 1.2% | 1.4% | +0.1 pts | +100K sh | +5% |
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:
- WHEELS UP EXPERIENCE INC (UP): 96328L205 → 96328L304, 4M → 300K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 57.0% of the equity book
Changes in the top 10 this quarter: LION entered · EMN entered · HRL entered · MHK left · BWAY left · AXL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | DELTA AIR LINES INC (DAL) | 9.8% | 13.2% | |
| 2 | FLUOR CORP (FLR) | 6.4% | 7.4% | |
| 3 | AST SPACEMOBILE INC (ASTS) | 6.1% | 6.2% | |
| 4 | NOV INC (NOV) | 5.6% | 5.7% | |
| 5 | NCR VOYIX CORPORATION (VYX) | 3.3% | 4.6% | |
| 6 | UNITED PARCEL SVCS INC (UPS) | 7.3% | 4.5% | |
| 7 | LIONSGATE STUDIOS CORP (LION) | 2.8% | 4.3% | Entered the top 10 |
| 8 | BARCLAYS PLC (BCS) | 3.1% | 3.8% | |
| 9 | EASTMAN CHEM CO (EMN) | 2.3% | 3.8% | Entered the top 10 |
| 10 | HORMEL FOODS CORP (HRL) | 2.8% | 3.5% | Entered the top 10 |
| — | MOHAWK INDS INC (MHK) | 7.3% | 1.7% | Left the top 10 |
| — | BRAINSWAY LTD (BWAY) | 3.2% | 3.3% | Left the top 10 |
| — | DAUCH CORP (AXL) | 3.1% | 2.3% | 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 | STATE STR SPDR S&P 500 ETF T (SPY) | Put | 0 | 1M | $747M |
| Reduced | ISHARES TR (TLT) | Call | 4M | 1M | $86.4M |
| New | NEWMONT CORP (NEM) | Call | 0 | 2M | $187M |
| Increased | BOEING CO (BA) | Call | 200K | 1M | $216M |
| New | ACCENTURE PLC IRELAND (ACN) | Call | 0 | 1.3M | $162M |
| Exited | INTERNATIONAL BUSINESS MACHS (IBM) | Call | 500K | 0 | $0 |
| Reduced | CITIGROUP INC (C) | Call | 2M | 1M | $140M |
| Increased | ALCOA CORP (AA) | Call | 300K | 2M | $104M |
| Reduced | WAYFAIR INC (W) | Call | 1.1M | 100K | $9.24M |
| New | UBER TECHNOLOGIES INC (UBER) | Call | 0 | 1M | $72.2M |
| Reduced | UNITED PARCEL SVCS INC (UPS) | Call | 1.8M | 1M | $108M |
| New | EASTMAN CHEM CO (EMN) | Call | 0 | 1M | $67M |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | Call | 1M | 2M | $192M |
| Exited | AIR PRODUCTS AND CHEMICALS I (APD) | Call | 200K | 0 | $0 |
| Increased | GENERAL MTRS CO (GM) | Call | 1.3M | 2M | $154M |
| Exited | ORMAT TECHNOLOGIES INC (ORA) | Call | 500K | 0 | $0 |
| Exited | BORGWARNER INC (BWA) | Call | 1M | 0 | $0 |
| Exited | ECOLAB INC (ECL) | Call | 200K | 0 | $0 |
| New | SERVICENOW INC (NOW) | Call | 0 | 500K | $49.6M |
| Increased | CLOROX CO DEL (CLX) | Call | 500K | 1M | $95.4M |
| Increased | SLB LIMITED (SLB) | Call | 1M | 2M | $93M |
| Exited | AST SPACEMOBILE INC (ASTS) | Call | 500K | 0 | $0 |
| Exited | ARCHER DANIELS MIDLAND CO (ADM) | Call | 500K | 0 | $0 |
| New | ANTERO RESOURCES CORP (AR) | Call | 0 | 1M | $35.1M |
| Increased | FLUOR CORP (FLR) | Call | 430K | 1M | $52.4M |