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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
-11.09%
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
$2.03B
AUM Growth
-$673M
(-25%)
Cap. Flow
-$510M
Cap. Flow
% of AUM
-25.09%
Top 10 Holdings %
Top 10 Hldgs %
51.07%
Holding
99
New
24
Increased
9
Reduced
13
Closed
30
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Parcel Service
UPS
|
+$23.9M |
| 2 |
Eastman Chemical
EMN
|
+$18.9M |
| 3 |
Petrobras
PBR
|
+$13.8M |
| 4 |
NCR Voyix
VYX
|
+$11.7M |
| 5 |
Vale
VALE
|
+$9.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deutsche Bank
DB
|
+$37.8M |
| 2 |
Dow Inc
DOW
|
+$24.1M |
| 3 |
AT&T
T
|
+$22.8M |
| 4 |
Vornado Realty Trust
VNO
|
+$16.8M |
| 5 |
EMBJ
Embraer S.A. ADS
EMBJ
|
+$14.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 7.51% |
| 2 | Materials | 4.52% |
| 3 | Technology | 3.12% |
| 4 | Energy | 2.62% |
| 5 | Consumer Discretionary | 1.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Barclays
BCS
$93.4B
| $23M | 1.13% |
1,500,000
-400,000
| -21% | -$5.99M |
|
27
Intel
INTC
$460B
| $22.7M | 1.12% |
1,000,000
| – | – |
|
|
28
United Parcel Service
UPS
$89.5B
| $22M | 1.08% |
+200,000
| New | +$23.9M |
|
29
CALL
California Resources
CRC
$4.53B
| $22M | 1.08% |
500,000
-500,000
| -50% | -$23.7M |
|
30
Cleveland-Cliffs
CLF
$6.64B
| $20.6M | 1.01% |
2,500,000
+500,000
| +25% | +$5.08M |
|
|
31
Eastman Chemical
EMN
$8.01B
| $17.6M | 0.87% |
+200,000
| New | +$18.9M |
|
32
CALL
Sunrun
RUN
$2.27B
| $17.6M | 0.86% |
3,000,000
+1,000,000
| +50% | +$8.24M |
|
33
VF Corp
VFC
$5.87B
| $17.1M | 0.84% |
1,100,000
+100,000
| +10% | +$2.22M |
|
34
CALL
Wayfair
W
$11.9B
| $16M | 0.79% |
+500,000
| New | +$20.8M |
|
|
35
CALL
VF Corp
VFC
$5.87B
| $15.5M | 0.76% |
+1,000,000
| New | +$22.2M |
|
36
CALL
NOV
NOV
$6.93B
| $15.2M | 0.75% |
1,000,000
| – | – |
|
|
37
NOV
NOV
$6.93B
| $15.2M | 0.75% |
1,000,000
-500,000
| -33% | -$7.48M |
|
38
Mirion Technologies
MIR
$3.7B
| $14.5M | 0.71% |
1,000,000
| – | – |
|
|
39
Petrobras
PBR
$123B
| $14.3M | 0.71% |
+1,000,000
| New | +$13.8M |
|
40
AST SpaceMobile
ASTS
$17.5B
| $13.6M | 0.67% |
600,000
-200,000
| -25% | -$5.12M |
|
|
41
Wayfair
W
$11.9B
| $12.8M | 0.63% |
400,000
+200,000
| +100% | +$8.32M |
|
42
Enovix
ENVX
$912M
| $12.5M | 0.61% |
1,942,857
+342,857
| +21% | +$3.05M |
|
|
LGF.B
43
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $11.9M | 0.58% |
1,500,000
-500,000
| -25% | -$4.01M |
|
|
AOMR
44
Angel Oak Mortgage REIT
AOMR
$222M
| $10.5M | 0.52% |
1,100,000
-15,000
| -1% | -$149K |
|
|
45
NCR Voyix
VYX
$1.12B
| $9.75M | 0.48% |
+1,000,000
| New | +$11.7M |
|
|
46
Vale
VALE
$63.8B
| $9.68M | 0.48% |
+970,000
| New | +$9.17M |
|
|
BWAY
47
Brainsway
BWAY
$612M
| $9.47M | 0.47% |
2,000,000
| – | – |
|
48
NexGen Energy
NXE
$6.17B
| $8.98M | 0.44% |
2,000,000
| – | – |
|
|
PONY
49
Pony AI Inc
PONY
$3.45B
| $8.82M | 0.43% |
1,000,000
+500,000
| +100% | +$7.13M |
|
50
FerroAtlántica
GSM
$600M
| $7.42M | 0.36% |
2,000,000
-1,000,000
| -33% | -$3.86M |
|
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MCM
Masters Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Masters Capital Management held 99 positions worth $2.03B, down 25% from $2.71B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Masters Capital Management withdrew a net $510M in Q1 2025, closing 30 positions and reducing 13 holdings. Its most notable exit was Deutsche Bank, an estimated $37.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 7.5% of assets, up from 6.8% a quarter earlier, followed by Materials and Technology.
Against the trend, Masters Capital Management opened a new position in United Parcel Service worth $22M.
- Masters Capital Management's largest Q1 2025 buy was United Parcel Service: 200,000 shares worth $22M.
- Masters Capital Management added most to Wayfair in Q1 2025, an estimated $8.32M increase.
- Masters Capital Management's biggest Q1 2025 reduction was NOV, cutting an estimated $7.48M.
- Masters Capital Management fully exited Deutsche Bank in Q1 2025, selling an estimated $37.8M.
- Masters Capital Management's ten largest holdings make up 51% of its $2.03B portfolio in Q1 2025.
- Masters Capital Management opened 24 new positions and closed 30 in Q1 2025.
- Masters Capital Management's portfolio value fell 25% quarter-over-quarter to $2.03B.
Based on Masters Capital Management's 13F filing for Q1 2025, filed 15 May 2025.