Masters Capital Management’s American Airlines Group AAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q2	–	Sell	-2,000,000	Closed	-$24.4M	–	47
2020 Q1	$24.4M	Buy	2,000,000 +1,045,000	+109%	+$23.8M	2.83%	7
2019 Q4	$27.4M	Sell	955,000 -45,000	-5%	-$1.28M	1.56%	15
2019 Q3	$27M	Hold	1,000,000	–	–	1.6%	17
2019 Q2	$32.6M	Buy	1,000,000 +140,000	+16%	+$4.52M	1.59%	17
2019 Q1	$27.3M	Sell	860,000 -1,140,000	-57%	-$38.3M	1.46%	22
2018 Q4	$64.2M	Sell	2,000,000 -1,000,000	-33%	-$34.8M	3.49%	7
2018 Q3	$124M	Buy	3,000,000 +545,000	+22%	+$21.3M	3.06%	11
2018 Q2	$93.2M	Buy	2,455,000 +1,955,000	+391%	+$86.2M	2.62%	11
2018 Q1	$26M	Sell	500,000 -500,000	-50%	-$26.8M	0.56%	40
2017 Q4	$52M	Buy	+1,000,000	New	+$49.8M	1.25%	26
2017 Q3	–	Sell	-1,500,000	Closed	-$75.5M	–	67
2017 Q2	$75.5M	Sell	1,500,000 -500,000	-25%	-$23.2M	1.87%	13
2017 Q1	$84.6M	Sell	2,000,000 -896,200	-31%	-$40.5M	2.09%	11
2016 Q4	$135M	Sell	2,896,200 -76,300	-3%	-$3.32M	2.97%	12
2016 Q3	$109M	Sell	2,972,500 -1,460,500	-33%	-$51.6M	2.19%	15
2016 Q2	$125M	Buy	4,433,000 +1,433,000	+48%	+$48.4M	3.69%	10
2016 Q1	$123M	Sell	3,000,000 -27,500	-0.9%	-$1.11M	2.57%	13
2015 Q4	$128M	Buy	3,027,500 +727,500	+32%	+$31.5M	3.37%	9
2015 Q3	$89.3M	Buy	2,300,000 +1,300,000	+130%	+$53.4M	3.03%	10
2015 Q2	$39.9M	Buy	+1,000,000	New	+$45.6M	1.31%	18
2015 Q1	–	Sell	-1,504,800	Closed	-$80.7M	–	63
2014 Q4	$80.7M	Sell	1,504,800 -1,207,400	-45%	-$52M	2.22%	14
2014 Q3	$96.2M	Buy	+2,712,200	New	+$107M	3.54%	9