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MCM
Masters Capital Management Portfolio holdings
AUM
$3.03B
1-Year Est. Return
57.21%
This Fund
S&P 500
This Quarter
Est. Return
+12.97%
1 Year Est. Return
+57.21%
3 Year Est. Return
+118.82%
5 Year Est. Return
+120.72%
10 Year Est. Return
+600.65%
AUM
$2.44B
AUM Growth
+$640M
(+35%)
Cap. Flow
+$468M
Cap. Flow
% of AUM
19.18%
Top 10 Holdings %
Top 10 Hldgs %
61.35%
Holding
78
New
20
Increased
17
Reduced
10
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$20.3M |
| 2 |
International Paper
IP
|
+$17.5M |
| 3 |
Sunrun
RUN
|
+$12.7M |
| 4 |
Navitas Semiconductor
NVTS
|
+$4.06M |
| 5 |
Delta Air Lines
DAL
|
+$3.63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
California Resources
CRC
|
+$15.4M |
| 2 |
Goodyear
GT
|
+$9.3M |
| 3 |
Celestica
CLS
|
+$7.36M |
| 4 |
NOV
NOV
|
+$7.27M |
| 5 |
Barclays
BCS
|
+$6.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 5.16% |
| 2 | Industrials | 4.99% |
| 3 | Consumer Discretionary | 3.34% |
| 4 | Technology | 3.09% |
| 5 | Energy | 2.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
CALL
Intel
INTC
$413B
| $25.1M | 1.03% |
500,000
-2,500,000
| -83% | -$102M |
|
|
27
Intel
INTC
$413B
| $25.1M | 1.03% |
+500,000
| New | +$20.3M |
|
|
28
Barclays
BCS
$87.8B
| $23.6M | 0.97% |
3,000,000
-930,000
| -24% | -$6.7M |
|
29
CALL
Cleveland-Cliffs
CLF
$6.49B
| $20.4M | 0.84% |
+1,000,000
| New | +$17.1M |
|
|
LGF.B
30
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $20.4M | 0.83% |
2,000,000
-290,000
| -13% | -$2.49M |
|
|
31
Sunrun
RUN
$2.26B
| $19.6M | 0.8% |
+1,000,000
| New | +$12.7M |
|
32
Transocean
RIG
$5.48B
| $19.1M | 0.78% |
3,000,000
+40,000
| +1% | +$268K |
|
33
CALL
VF Corp
VFC
$5.92B
| $18.8M | 0.77% |
1,000,000
| – | – |
|
|
34
VF Corp
VFC
$5.92B
| $18.8M | 0.77% |
1,000,000
| – | – |
|
|
EMBJ
35
Embraer S.A. ADS
EMBJ
$12B
| $18.4M | 0.76% |
1,000,000
-85,000
| -8% | -$1.36M |
|
|
36
International Paper
IP
$22.6B
| $18.1M | 0.74% |
+500,000
| New | +$17.5M |
|
37
Enovix
ENVX
$803M
| $16.3M | 0.67% |
1,485,714
+228,571
| +18% | +$2.24M |
|
38
FerroAtlántica
GSM
$590M
| $15M | 0.61% |
2,300,000
+205,000
| +10% | +$1.08M |
|
39
CALL
Bloom Energy
BE
$48.2B
| $14.8M | 0.61% |
+1,000,000
| New | +$12.5M |
|
|
40
Navitas Semiconductor
NVTS
$2.54B
| $13.7M | 0.56% |
1,700,000
+605,000
| +55% | +$4.06M |
|
41
CALL
Deutsche Bank
DB
$66.6B
| $13.6M | 0.55% |
1,000,000
-1,030,000
| -51% | -$12.1M |
|
|
42
CALL
Transocean
RIG
$5.48B
| $12.7M | 0.52% |
+2,000,000
| New | +$13.4M |
|
43
Green Plains
GPRE
$1.15B
| $12.6M | 0.52% |
500,000
+100,000
| +25% | +$2.64M |
|
|
AOMR
44
Angel Oak Mortgage REIT
AOMR
$225M
| $12.2M | 0.5% |
1,149,378
+157,378
| +16% | +$1.49M |
|
45
Telos
TLS
$331M
| $11.3M | 0.46% |
3,100,000
+100,000
| +3% | +$332K |
|
46
CALL
SSR Mining
SSRM
$5.19B
| $10.8M | 0.44% |
+1,000,000
| New | +$12.1M |
|
|
47
CALL
NOV
NOV
$6.84B
| $10.1M | 0.42% |
+500,000
| New | +$9.82M |
|
48
CALL
Capri Holdings
CPRI
$1.82B
| $10M | 0.41% |
200,000
-795,000
| -80% | -$39.7M |
|
|
WW
49
DELISTED
WW International
WW
| $8.75M | 0.36% |
1,000,000
+200,000
| +25% | +$1.7M |
|
50
NexGen Energy
NXE
$5.91B
| $7M | 0.29% |
1,000,000
| – | – |
|
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MCM
Masters Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Masters Capital Management held 78 positions worth $2.44B, up 35% from $1.8B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Masters Capital Management deployed $468M of net new capital in Q4 2023, opening 20 new positions and adding to 17 existing holdings. Its largest new stake was Intel: 500,000 shares worth $25.1M.
By sector, the portfolio is most concentrated in Materials at 5.2% of assets, down from 6% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was NOV, an estimated $7.27M trimmed.
- Masters Capital Management's largest Q4 2023 buy was Intel: 500,000 shares worth $25.1M.
- Masters Capital Management added most to Navitas Semiconductor in Q4 2023, an estimated $4.06M increase.
- Masters Capital Management's biggest Q4 2023 reduction was NOV, cutting an estimated $7.27M.
- Masters Capital Management fully exited California Resources in Q4 2023, selling an estimated $15.4M.
- Masters Capital Management's ten largest holdings make up 61% of its $2.44B portfolio in Q4 2023.
- Masters Capital Management opened 20 new positions and closed 16 in Q4 2023.
- Masters Capital Management's portfolio value rose 35% quarter-over-quarter to $2.44B.
Based on Masters Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.