MASTERS CAPITAL MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
Atlanta, GA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
76
Total value ($000)
$2,451,182
Net value change ($000)
-308,985 (-11.2%)
New positions
7
Sold out positions
7
Turnover %
20.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
MHK 30,828 239.1%
REAL 20,930 196.9%
HON 19,509 NEW
NOK 12,940 NEW
DAL 12,650 22.3%
DCH 12,018 166.6%
ASTS 11,775 48.0%
AAUC 11,440 NEW
EVTL 10,660 NEW
HUN 10,000 NEW
Top Reduces (Value $000, Stocks/ETFs)
ADM -17,922 -100.0%
VFC -14,430 -100.0%
PBR -12,660 -100.0%
EMN -12,376 -39.3%
CLF -11,120 -45.6%
VALE -10,860 -100.0%
CRC -10,636 -100.0%
DQ -5,626 -100.0%
ENVX -5,320 -26.7%
PONY -5,090 -22.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,728,096 (70.5% 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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type