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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 | |
|---|---|---|---|---|---|---|
1
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $273M | 13.43% |
+3,000,000
| New | +$267M |
|
2
CALL
Citigroup
C
$222B
| $142M | 6.98% |
2,000,000
| – | – |
|
3
CALL
Bristol-Myers Squibb
BMY
$127B
| $122M | 6% |
2,000,000
| – | – |
|
4
CALL
Micron Technology
MU
$1.04T
| $86.9M | 4.27% |
+1,000,000
| New | +$96M |
|
5
CALL
Delta Air Lines
DAL
$55.9B
| $82.8M | 4.07% |
1,900,000
+900,000
| +90% | +$53.4M |
|
6
CALL
Freeport-McMoran
FCX
$90B
| $75.7M | 3.72% |
2,000,000
| – | – |
|
7
CALL
Baxter International
BAX
$11.6B
| $68.5M | 3.37% |
+2,000,000
| New | +$65.4M |
|
8
CALL
Coherent
COHR
$55.2B
| $64.9M | 3.19% |
+1,000,000
| New | +$82.9M |
|
9
CALL
SLB Ltd
SLB
$77.8B
| $62.7M | 3.08% |
1,500,000
-1,500,000
| -50% | -$61.5M |
|
10
CALL
Nucor
NUE
$56.4B
| $60.2M | 2.96% |
+500,000
| New | +$64.4M |
|
|
11
Delta Air Lines
DAL
$55.9B
| $47.6M | 2.34% |
1,091,628
+91,628
| +9% | +$5.43M |
|
12
CALL
VanEck Gold Miners ETF
GDX
$23B
| $46M | 2.26% |
+1,000,000
| New | +$40.4M |
|
13
CALL
Intel
INTC
$466B
| $45.4M | 2.23% |
2,000,000
-1,000,000
| -33% | -$21.9M |
|
14
PUT
Walmart Inc
WMT
$871B
| $43.9M | 2.16% |
+500,000
| New | +$46.9M |
|
15
CALL
Truist Financial
TFC
$63.2B
| $41.1M | 2.02% |
+1,000,000
| New | +$44.6M |
|
16
CALL
Las Vegas Sands
LVS
$30.5B
| $38.6M | 1.9% |
1,000,000
| – | – |
|
17
PUT
Uber
UBER
$134B
| $36.4M | 1.79% |
+500,000
| New | +$36M |
|
18
CALL
Fluor
FLR
$7.29B
| $35.8M | 1.76% |
1,000,000
| – | – |
|
|
19
Fluor
FLR
$7.29B
| $35.8M | 1.76% |
1,000,000
| – | – |
|
20
CALL
Alcoa
AA
$11.7B
| $30.5M | 1.5% |
1,000,000
| – | – |
|
|
21
Alcoa
AA
$11.7B
| $30.5M | 1.5% |
1,000,000
| – | – |
|
22
CALL
Perrigo
PRGO
$1.4B
| $28M | 1.38% |
1,000,000
| – | – |
|
|
23
CALL
Eastman Chemical
EMN
$7.8B
| $26.4M | 1.3% |
+300,000
| New | +$28.3M |
|
24
CALL
Cleveland-Cliffs
CLF
$6.81B
| $24.7M | 1.21% |
3,000,000
| – | – |
|
|
25
CALL
Deutsche Bank
DB
$66.3B
| $23.8M | 1.17% |
1,000,000
| – | – |
|
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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.