MASTERS CAPITAL MANAGEMENT LLC

Q3 2025 13F-HR Holdings

Location
Atlanta, GA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
78
Total value ($000)
$2,760,167
Net value change ($000)
+193,091 (7.5%)
New positions
11
Sold out positions
7
Turnover %
26.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ADM 17,922 NEW
OLN 13,745 NEW
MHK 12,892 NEW
EMN 12,860 68.9%
VALE 10,860 NEW
CRC 10,636 NEW
REAL 10,630 NEW
PONY 9,290 70.4%
CLF 9,200 60.5%
DOW 8,817 333.0%
Top Reduces (Value $000, Stocks/ETFs)
INTC -22,400 -100.0%
SMG -13,192 -100.0%
PPG -11,375 -100.0%
FLR -9,200 -17.9%
TTI -6,720 -100.0%
ETOR -6,659 -100.0%
UPS -5,223 -17.2%
BMY -2,553 -22.1%
EVEX -2,099 -15.3%
SRRK -1,771 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,137,646 (77.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type