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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
+9.96%
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
$3.55B
AUM Growth
-$1.06B
(-23%)
Cap. Flow
-$982M
Cap. Flow
% of AUM
-27.67%
Top 10 Holdings %
Top 10 Hldgs %
55.57%
Holding
94
New
27
Increased
8
Reduced
29
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$46.9M |
| 2 |
General Motors
GM
|
+$37.9M |
| 3 |
Brighthouse Financial
BHF
|
+$23.5M |
| 4 |
Albemarle
ALB
|
+$19.2M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$15.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CS
Credit Suisse Group
CS
|
+$32.2M |
| 2 |
United Parcel Service
UPS
|
+$31.4M |
| 3 |
SLB Ltd
SLB
|
+$19.4M |
| 4 |
Ciena
CIEN
|
+$12.9M |
| 5 |
ASXC
Asensus Surgical, Inc.
ASXC
|
+$7.74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 2.8% |
| 2 | Healthcare | 2.64% |
| 3 | Financials | 2.39% |
| 4 | Materials | 2.37% |
| 5 | Communication Services | 2.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $526M | 14.82% |
+1,940,000
| New | +$524M |
|
2
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $236M | 6.65% |
1,940,000
-3,175,000
| -62% | -$380M |
|
3
CALL
Wells Fargo
WFC
$261B
| $222M | 6.25% |
+4,000,000
| New | +$214M |
|
4
CALL
FedEx
FDX
$74.5B
| $220M | 6.21% |
970,500
+470,500
| +94% | +$117M |
|
5
PUT
Invesco QQQ Trust
QQQ
$455B
| $172M | 4.83% |
+1,000,000
| New | +$168M |
|
6
CALL
IBM
IBM
$202B
| $140M | 3.93% |
1,046,000
-1,080,518
| -51% | -$151M |
|
7
CALL
Tesla
TSLA
$1.24T
| $137M | 3.86% |
6,000,000
-6,000,000
| -50% | -$122M |
|
|
8
CALL
General Motors
GM
$74.7B
| $115M | 3.23% |
2,909,500
-2,161,500
| -43% | -$85.1M |
|
9
CALL
Alibaba
BABA
$269B
| $108M | 3.04% |
582,000
-418,000
| -42% | -$79.7M |
|
|
10
CALL
Verizon
VZ
$194B
| $97.6M | 2.75% |
1,939,000
-5,248,000
| -73% | -$254M |
|
11
CALL
American Airlines Group
AAL
$9.58B
| $93.2M | 2.62% |
2,455,000
+1,955,000
| +391% | +$86.2M |
|
12
CALL
Deutsche Bank
DB
$66.3B
| $85.7M | 2.41% |
8,067,000
-60,000
| -0.7% | -$765K |
|
13
CALL
First Solar
FSLR
$21.8B
| $78.2M | 2.2% |
+1,485,500
| New | +$97.2M |
|
14
CALL
Citigroup
C
$222B
| $66.9M | 1.88% |
1,000,000
-2,039,000
| -67% | -$140M |
|
|
15
CALL
Bristol-Myers Squibb
BMY
$127B
| $56.8M | 1.6% |
1,027,000
-5,000
| -0.5% | -$270K |
|
16
CALL
Bank of America
BAC
$435B
| $56.4M | 1.59% |
2,000,000
-1,000,000
| -33% | -$29.8M |
|
17
CALL
Ford
F
$57.3B
| $53.7M | 1.51% |
4,849,000
+2,849,000
| +142% | +$32.6M |
|
|
18
Verizon
VZ
$194B
| $48.8M | 1.37% |
+969,810
| New | +$46.9M |
|
19
Delta Air Lines
DAL
$55.9B
| $47.1M | 1.33% |
951,475
-48,525
| -5% | -$2.59M |
|
20
PUT
Public Storage
PSA
$60.2B
| $45.4M | 1.28% |
+200,000
| New | +$41.6M |
|
|
BLUE
21
DELISTED
bluebird bio
BLUE
| $45.2M | 1.27% |
22,219
+6,779
| +44% | +$15.5M |
|
22
CALL
Halliburton
HAL
$27.9B
| $43.7M | 1.23% |
+969,500
| New | +$48.3M |
|
|
23
Brighthouse Financial
BHF
$3.63B
| $42.3M | 1.19% |
1,056,835
+488,975
| +86% | +$23.5M |
|
24
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
| $42M | 1.18% |
+969,500
| New | +$44.9M |
|
|
CRC
25
DELISTED
California Resources Corporation
CRC
| $40.9M | 1.15% |
900,000
-100,000
| -10% | -$3.16M |
|
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MCM
Masters Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Masters Capital Management held 94 positions worth $3.55B, down 23% from $4.61B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Masters Capital Management withdrew a net $982M in Q2 2018, closing 28 positions and reducing 29 holdings. Its most notable exit was Credit Suisse Group, an estimated $32.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 2.8% of assets, down from 3.1% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Masters Capital Management opened a new position in Verizon worth $48.8M.
- Masters Capital Management's largest Q2 2018 buy was Verizon: 969,810 shares worth $48.8M.
- Masters Capital Management added most to Brighthouse Financial in Q2 2018, an estimated $23.5M increase.
- Masters Capital Management's biggest Q2 2018 reduction was Asensus Surgical, Inc., cutting an estimated $7.74M.
- Masters Capital Management fully exited Credit Suisse Group in Q2 2018, selling an estimated $32.2M.
- Masters Capital Management's ten largest holdings make up 56% of its $3.55B portfolio in Q2 2018.
- Masters Capital Management opened 27 new positions and closed 28 in Q2 2018.
- Masters Capital Management's portfolio value fell 23% quarter-over-quarter to $3.55B.
Based on Masters Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.