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MCM

Masters Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 50.88%
This Fund
S&P 500
This Quarter Est. Return
+15.24%
1 Year Est. Return
+50.88%
3 Year Est. Return
+142.45%
5 Year Est. Return
+125.46%
10 Year Est. Return
+791.85%
AUM
$3.9B
AUM Growth
+$870M
Cap. Flow
-$36.9M
Cap. Flow %
-0.95%
Top 10 Hldgs %
55.16%
Holding
105
New
20
Increased
20
Reduced
16
Closed
25
Avg Time Held Equity + Options
5.2 quarters
Top 10 Avg Time Held Equity + Options
3.6 quarters
Top 20 Avg Time Held Equity + Options
3 quarters
Avg Time Held Equity only
7.7 quarters
Top 10 Avg Time Held Equity only
7 quarters
Top 20 Avg Time Held Equity only
5.9 quarters

Top Buys

Rank Stock Value
1
CE icon
Celanese
CE
+$17.4M
2
EMN icon
Eastman Chemical
EMN
+$14.6M
3
BSX icon
Boston Scientific
BSX
+$13.6M
4
TEX icon
Terex
TEX
+$12.5M
5
ALM icon
Almonty Industries
ALM
+$11.4M

Top Sells

Rank Stock Value
1
MHK icon
Mohawk Industries
MHK
+$42.1M
2
UPS icon
United Parcel Service
UPS
+$20.8M
3
NOK icon
Nokia
NOK
+$16.1M
4
HUN icon
Huntsman Corp
HUN
+$13.3M
5
CLF icon
Cleveland-Cliffs
CLF
+$13.2M

Sector Composition

Rank Sector Weight
1 Miscellaneous 81.75%
2 Industrials 6.33%
3 Energy 2.75%
4 Technology 2.57%
5 Healthcare 1.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$822B
$747M 19.16%
+1,000,000
New +$725M
2026 Q2
0 quarters
BA icon
2
CALL
Boeing
BA
$147B
$216M 5.56%
1,000,000
+800,000
+400% +$178M
2025 Q4
2 quarters
BABA icon
3
CALL
Alibaba
BABA
$276B
$192M 4.93%
2,000,000
+1,000,000
+100% +$125M
2025 Q3
3 quarters
NEM icon
4
CALL
Newmont
NEM
$122B
$187M 4.79%
+2,000,000
New +$218M
2026 Q2
0 quarters
ACN icon
5
CALL
Accenture
ACN
$131B
$162M 4.15%
+1,300,000
New +$226M
2026 Q2
0 quarters
GM icon
6
CALL
General Motors
GM
$73.7B
$154M 3.96%
2,000,000
+700,000
+54% +$55M
2025 Q3
3 quarters
C icon
7
CALL
Citigroup
C
$209B
$140M 3.59%
1,000,000
-1,000,000
-50% -$130M
2020 Q2
24 quarters
INTC icon
8
CALL
Intel
INTC
$543B
$140M 3.58%
1,000,000
-2,000,000
-67% -$202M
2023 Q1
13 quarters
UPS icon
9
CALL
United Parcel Service
UPS
$80.6B
$108M 2.76%
1,000,000
-800,000
-44% -$83.2M
2025 Q3
3 quarters
AA icon
10
CALL
Alcoa
AA
$10.9B
$104M 2.68%
2,000,000
+1,700,000
+567% +$114M
2024 Q3
7 quarters
CLX icon
11
CALL
Clorox
CLX
$10.2B
$95.4M 2.45%
1,000,000
+500,000
+100% +$48M
2025 Q4
2 quarters
DAL icon
12
Delta Air Lines
DAL
$52.4B
$93.7M 2.4%
1,000,000
– –
2022 Q2
16 quarters
SLB icon
13
CALL
SLB Ltd
SLB
$72.4B
$93M 2.39%
2,000,000
+1,000,000
+100% +$53.6M
2024 Q4
6 quarters
TLT icon
14
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$48.7B
$86.4M 2.22%
1,000,000
-3,000,000
-75% -$258M
2026 Q1
1 quarter
UBER icon
15
CALL
Uber
UBER
$146B
$72.2M 1.85%
+1,000,000
New +$73.3M
2026 Q2
0 quarters
EMN icon
16
CALL
Eastman Chemical
EMN
$7.2B
$67M 1.72%
+1,000,000
New +$73.1M
2026 Q2
0 quarters
FCX icon
17
CALL
Freeport-McMoran
FCX
$104B
$62.9M 1.61%
1,000,000
+200,000
+25% +$12.9M
2024 Q1
9 quarters
BMY icon
18
CALL
Bristol-Myers Squibb
BMY
$116B
$57.6M 1.48%
1,000,000
– –
2026 Q1
1 quarter
FLR icon
19
CALL
Fluor
FLR
$6.65B
$52.4M 1.34%
1,000,000
+570,000
+133% +$27.9M
2026 Q1
1 quarter
FLR icon
20
Fluor
FLR
$6.65B
$52.4M 1.34%
1,000,000
+75,000
+8% +$3.67M
2023 Q1
13 quarters
CVS icon
21
CALL
CVS Health
CVS
$112B
$51.7M 1.33%
500,000
– –
2026 Q1
1 quarter
NOW icon
22
CALL
ServiceNow
NOW
$143B
$49.6M 1.27%
+500,000
New +$49.5M
2026 Q2
0 quarters
DAL icon
23
PUT
Delta Air Lines
DAL
$52.4B
$46.8M 1.2%
500,000
-500,000
-50% -$37.7M
2026 Q1
1 quarter
ASTS icon
24
AST SpaceMobile
ASTS
$14.1B
$44.4M 1.14%
500,000
– –
2024 Q1
9 quarters
IONQ icon
25
CALL
IonQ
IONQ
$14.1B
$42.6M 1.09%
800,000
-300,000
-27% -$15.2M
2026 Q1
1 quarter
1
2 3 4 5

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LCM
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CIP
Champlain Investment Partners Burlington, Vermont $3.89B AUM 16.15% 1-Year Est. Return
FFGIM
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AC
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GL
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BOK
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LNC
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Masters Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Masters Capital Management held 105 positions worth $3.9B, up 29% from $3.03B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Masters Capital Management's Q2 2026 filing shows 20 new, 20 increased, 16 reduced and 25 closed positions. Its largest new stake was Celanese: 300,000 shares worth $13.8M. The largest sale was Mohawk Industries, an estimated $42.1M.

By sector, the portfolio is most concentrated in Miscellaneous at 82% of assets, up from 78% a quarter earlier, followed by Industrials and Energy.

  • Masters Capital Management's largest Q2 2026 buy was Celanese: 300,000 shares worth $13.8M.
  • Masters Capital Management added most to Eastman Chemical in Q2 2026, an estimated $14.6M increase.
  • Masters Capital Management's biggest Q2 2026 reduction was Mohawk Industries, cutting an estimated $42.1M.
  • Masters Capital Management fully exited Nokia in Q2 2026, selling an estimated $16.1M.
  • Masters Capital Management's ten largest holdings make up 55% of its $3.9B portfolio in Q2 2026.
  • Masters Capital Management opened 20 new positions and closed 25 in Q2 2026.
  • Masters Capital Management's portfolio value rose 29% quarter-over-quarter to $3.9B.

Based on Masters Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.