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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 | |
|---|---|---|---|---|---|---|
|
76
PUT
Dow Inc
DOW
$21.9B
| – | – |
-500,000
| Closed | -$20.1M |
|
|
EMBJ
77
Embraer S.A. ADS
EMBJ
$12.2B
| – | – |
-400,000
| Closed | -$14.7M |
|
78
CALL
First Solar
FSLR
$22.7B
| – | – |
-100,000
| Closed | -$17.6M |
|
79
CALL
Gilead Sciences
GILD
$162B
| – | – |
-600,000
| Closed | -$55.4M |
|
80
CALL
General Motors
GM
$80.4B
| – | – |
-1,000,000
| Closed | -$53.3M |
|
81
CALL
Gogo Inc
GOGO
$565M
| – | – |
-1,000,000
| Closed | -$8.09M |
|
82
CALL
Honeywell
HON
$77B
| – | – |
-530,500
| Closed | -$113M |
|
83
CALL
International Paper
IP
$21.6B
| – | – |
-1,000,000
| Closed | -$53.8M |
|
84
Lucid Motors
LCID
$2.88B
| – | – |
-100,000
| Closed | -$3.02M |
|
85
CALL
Mobileye
MBLY
$2B
| – | – |
-500,000
| Closed | -$9.96M |
|
86
CALL
Medtronic
MDT
$109B
| – | – |
-800,000
| Closed | -$63.9M |
|
87
CALL
3M
MMM
$90.9B
| – | – |
-900,000
| Closed | -$116M |
|
88
Perrigo
PRGO
$1.4B
| – | – |
-500,000
| Closed | -$13M |
|
89
CALL
Transocean
RIG
$5.89B
| – | – |
-5,000,000
| Closed | -$18.8M |
|
90
Sunrun
RUN
$2.34B
| – | – |
-1,000,000
| Closed | -$8.24M |
|
91
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| – | – |
-500,000
| Closed | -$293M |
|
92
CALL
Scholar Rock
SRRK
$5.67B
| – | – |
-275,000
| Closed | -$11.9M |
|
|
93
AT&T
T
$159B
| – | – |
-1,000,000
| Closed | -$22.8M |
|
94
CALL
Uber
UBER
$143B
| – | – |
-1,000,000
| Closed | -$60.3M |
|
|
95
CALL
Vale
VALE
$64.1B
| – | – |
-2,000,000
| Closed | -$17.7M |
|
|
96
Vornado Realty Trust
VNO
$7.41B
| – | – |
-400,001
| Closed | -$16.8M |
|
|
WW
97
CALL
DELISTED
WW International
WW
| – | – |
-2,000,000
| Closed | -$2.54M |
|
98
CALL
ExxonMobil
XOM
$644B
| – | – |
-500,000
| Closed | -$53.8M |
|
99
CALL
YPF
YPF
$206B
| – | – |
-1,000,000
| Closed | -$42.5M |
|
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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.