Masters Capital Management’s ExxonMobil XOM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-200,000	Closed	-$24.1M	–	108
2025 Q4	$24.1M	Sell	200,000 -100,000	-33%	-$11.6M	0.98%	32
2025 Q3	$33.8M	Buy	+300,000	New	+$33.3M	1.23%	21
2025 Q1	–	Sell	-500,000	Closed	-$53.8M	–	98
2024 Q4	$53.8M	Buy	+500,000	New	+$58.5M	1.99%	16
2024 Q2	–	Sell	-1,000,000	Closed	-$116M	–	84
2024 Q1	$116M	Sell	1,000,000 -2,000,000	-67%	-$209M	4.17%	4
2023 Q4	$300M	Buy	+3,000,000	New	+$315M	12.28%	2
2023 Q3	–	Sell	-1,000,000	Closed	-$107M	–	77
2023 Q2	$107M	Buy	+1,000,000	New	+$109M	4.29%	5
2018 Q2	–	Sell	-1,000,000	Closed	-$74.6M	–	86
2018 Q1	$74.6M	Buy	+1,000,000	New	+$79.9M	1.62%	17
2014 Q4	–	Sell	-2,006,500	Closed	-$189M	–	72
2014 Q3	$189M	Buy	2,006,500 +106,500	+6%	+$10.6M	6.94%	4
2014 Q2	$191M	Buy	1,900,000 +400,000	+27%	+$40.3M	8.82%	3
2014 Q1	$147M	Sell	1,500,000 -500,000	-25%	-$47.7M	4.92%	6
2013 Q4	$202M	Buy	+2,000,000	New	+$185M	8.48%	3