MCM

Masters Capital Management Portfolio holdings

AUM $3.9B Turnover 42.86%
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
1.3 years
Top 10 Avg Time Held Equity + Options
0.9 years
Top 20 Avg Time Held Equity + Options
0.8 years
Avg Time Held Equity only
1.9 years
Top 10 Avg Time Held Equity only
1.8 years
Top 20 Avg Time Held Equity only
1.5 years

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
NOV icon
26
NOV
NOV
$6.68B
$40.8M 1.05%
2,200,000
+200,000
+10% +$3.99M
2021 Q2
20 quarters
AR icon
27
CALL
Antero Resources
AR
$11.3B
$35.1M 0.9%
+1,000,000
New +$36.8M
2026 Q2
0 quarters
VYX icon
28
NCR Voyix
VYX
$950M
$32.7M 0.84%
4,000,000
+500,000
+14% +$3.52M
2025 Q1
5 quarters
UPS icon
29
United Parcel Service
UPS
$81.5B
$32.3M 0.83%
300,000
-200,000
-40% -$20.8M
2025 Q1
5 quarters
LION icon
30
Lionsgate Studios
LION
$3.24B
$30.5M 0.78%
1,994,814
– –
2024 Q2
8 quarters
MBLY icon
31
CALL
Mobileye
MBLY
$6.08B
$29M 0.75%
3,000,000
+1,000,000
+50% +$8.91M
2026 Q1
1 quarter
CLF icon
32
CALL
Cleveland-Cliffs
CLF
$7.18B
$28.2M 0.72%
3,000,000
+1,000,000
+50% +$11M
2025 Q4
2 quarters
BCS icon
33
Barclays
BCS
$75.8B
$26.9M 0.69%
1,000,000
– –
2020 Q1
25 quarters
EMN icon
34
Eastman Chemical
EMN
$7.19B
$26.8M 0.69%
400,000
+200,000
+100% +$14.6M
2025 Q1
5 quarters
HRL icon
35
Hormel Foods
HRL
$10.9B
$24.8M 0.64%
1,000,000
+150,000
+18% +$3.33M
2026 Q1
1 quarter
FTK icon
36
Flotek Industries
FTK
$899M
$23.5M 0.6%
1,000,000
-89,438
-8% -$1.73M
2020 Q2
24 quarters
BWAY icon
37
Brainsway
BWAY
$463M
$23.3M 0.6%
1,500,000
-150,000
-9% -$2.27M
2021 Q1
21 quarters
BBWI icon
38
CALL
Bath & Body Works
BBWI
$3.82B
$23.1M 0.59%
+1,000,000
New +$19.1M
2026 Q2
0 quarters
YPF icon
39
CALL
YPF Sociedad Anonima ADS
YPF
$20.5B
$22.7M 0.58%
500,000
-500,000
-50% -$23.5M
2025 Q4
2 quarters
IP icon
40
CALL
International Paper
IP
$16.9B
$19.1M 0.49%
500,000
– –
2025 Q4
2 quarters
REAL icon
41
The RealReal
REAL
$1.11B
$17.7M 0.45%
1,500,000
-500,000
-25% -$5.33M
2025 Q3
3 quarters
BETA icon
42
Beta Technologies Inc
BETA
$4.14B
$17.2M 0.44%
1,028,200
+328,200
+47% +$5.46M
2026 Q1
1 quarter
ONDS icon
43
CALL
Ondas Inc
ONDS
$3.58B
$16.5M 0.42%
+2,000,000
New +$19.7M
2026 Q2
0 quarters
DCH icon
44
Dauch Corp
DCH
$1.23B
$16.3M 0.42%
3,000,000
-500,000
-14% -$3.04M
2025 Q3
3 quarters
RKT icon
45
CALL
Rocket Companies
RKT
$29.8B
$15.8M 0.4%
+1,000,000
New +$14.4M
2026 Q2
0 quarters
TEX icon
46
Terex
TEX
$5.97B
$14.5M 0.37%
+200,000
New +$12.5M
2026 Q2
0 quarters
CE icon
47
Celanese
CE
$5.03B
$13.8M 0.35%
+300,000
New +$17.4M
2026 Q2
0 quarters
CE icon
48
PUT
Celanese
CE
$5.03B
$13.8M 0.35%
+300,000
New +$17.4M
2026 Q2
0 quarters
RUN icon
49
CALL
Sunrun
RUN
$1.76B
$13.4M 0.34%
+1,000,000
New +$13.5M
2026 Q2
0 quarters
NU icon
50
CALL
Nu Holdings
NU
$72.1B
$13.4M 0.34%
+1,000,000
New +$13.5M
2026 Q2
0 quarters
1
2
3 4 5

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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.