Masters Capital Management’s Vale VALE Stock Holding History

Masters Capital Management’s Portfolio VALE Stock Details VALE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-2,000,000	Closed	-$17.7M	–	95
2024 Q4	$17.7M	Hold	2,000,000	–	–	0.66%	40
2024 Q3	$23.4M	Buy	+2,000,000	New	+$21.4M	1.14%	24
2023 Q1	–	Sell	-1,000,000	Closed	-$17M	–	72
2022 Q4	$17M	Buy	+1,000,000	New	+$15M	1.29%	28
2022 Q1	–	Sell	-1,999,800	Closed	-$28M	–	72
2021 Q4	$28M	Buy	+1,999,800	New	+$26.6M	1.14%	28
2019 Q1	–	Sell	-2,000,000	Closed	-$26.4M	–	71
2018 Q4	$26.4M	Buy	+2,000,000	New	+$28.6M	1.44%	26
2018 Q2	–	Sell	-2,000,000	Closed	-$25.4M	–	84
2018 Q1	$25.4M	Hold	2,000,000	–	–	0.55%	41
2017 Q4	$24.5M	Buy	+2,000,000	New	+$21.2M	0.59%	42

Other funds holding VALE

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

GQG Partners Ft. Lauderdale, Florida $53.8B AUM 19.23% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $225B AUM 49.49% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Lazard Asset Management New York $66.1B AUM 33.53% 1-Year Est. Return

Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return

Robeco Institutional Asset Management Rotterdam, Netherlands $81.4B AUM 40.71% 1-Year Est. Return

OAG

Orbis Allan Gray Hamilton, Bermuda $29.1B AUM 60.8% 1-Year Est. Return

Masters Capital Management's VALE Position: Q4 2025 in Review

Masters Capital Management sold out of Vale (VALE) in Q4 2025, closing a stake of 1,000,000 shares — an estimated $10.9M sold.

Masters Capital Management first reported a position in VALE in Q4 2017 and held it in 5 quarters. The position peaked at $29.7M in Q3 2018. 534 funds tracked by Wall St. Rank hold VALE as of Q4 2025.

Masters Capital Management reported no remaining Vale position as of Q4 2025 after selling out during the quarter.
Masters Capital Management sold 1,000,000 Vale shares in Q4 2025, an estimated $10.9M.
Masters Capital Management first reported a position in Vale in Q4 2017 and held it in 5 quarters.
Masters Capital Management's Vale position peaked at $29.7M in Q3 2018.
534 funds tracked by Wall St. Rank held Vale as of Q4 2025.

Based on Masters Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.