MASTERS CAPITAL MANAGEMENT LLC

hedge fundUpdated 27 days ago

Managed by Masters Capital Management Llc • Latest filing Q2 2026

Portfolio value

$3.9B

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

18.3%

Weight of largest holdings

Annualized return

23.3%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$2B
Q2 2023	$2.5B
Q3 2023	$1.8B
Q4 2023	$2.4B
Q1 2024	$2.8B
Q2 2024	$1.8B
Q3 2024	$2.1B
Q4 2024	$2.7B
Q1 2025	$2B
Q2 2025	$2.6B
Q3 2025	$2.8B
Q4 2025	$2.5B
Q1 2026	$3B
Q2 2026	$3.9B

Top holdings

93 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	S SPY STATE STR SPDR S&P 500 ETF T	$746.8M	1.00M	19.16%	—
2	B BA-PA BOEING CO	$216.5M	1.00M	5.56%	Added(+900.0%)
3	C C-PR CITIGROUP INC	$140M	1.00M	3.59%	Unchanged
4	I INTC INTEL CORP	$139.6M	1.00M	3.58%	Unchanged
5	A ACN ACCENTURE PLC IRELAND	$124.4M	1.00M	3.19%	—
6	B BBAAY ALIBABA GROUP HLDG LTD	$96M	1.00M	2.46%	Unchanged
7	B BBAAY ALIBABA GROUP HLDG LTD	$96M	1.00M	2.46%	Unchanged
8	C CLX CLOROX CO DEL	$95.4M	1.00M	2.45%	Added(+100.0%)
9	D DAL DELTA AIR LINES INC	$93.7M	1.00M	2.40%	Unchanged
10	N NEMCL NEWMONT CORP	$93.4M	1.00M	2.40%	—
11	N NEMCL NEWMONT CORP	$93.4M	1.00M	2.40%	—
12	E ETHA ISHARES TR	$86.4M	1.00M	2.22%	Trimmed(-75.0%)
13	G GM GENERAL MTRS CO	$77.1M	1.00M	1.98%	Unchanged
14	G GM GENERAL MTRS CO	$77.1M	1.00M	1.98%	Unchanged
15	U UBER UBER TECHNOLOGIES INC	$72.2M	1.00M	1.85%	—
16	F FCX FREEPORT MCMORAN INC	$62.9M	1.00M	1.61%	Added(+25.0%)
17	C CELG-RI BRISTOL-MYERS SQUIBB CO	$57.6M	1.00M	1.48%	Unchanged
18	U UPS UNITED PARCEL SVCS INC	$53.8M	500.0K	1.38%	Trimmed(-50.0%)
19	U UPS UNITED PARCEL SVCS INC	$53.8M	500.0K	1.38%	Trimmed(-50.0%)
20	F FLR FLUOR CORP	$52.4M	1.00M	1.34%	Added(+132.6%)

S

STATE STR SPDR S&P 500 ETF T

Value

$746.8M

Shares

1.00M

% Port

19.16%

B

BOEING CO

+900.0%

Value

$216.5M

Shares

1.00M

% Port

5.56%

C

CITIGROUP INC

Unchanged

Value

$140M

Shares

1.00M

% Port

3.59%

I

INTEL CORP

Unchanged

Value

$139.6M

Shares

1.00M

% Port

3.58%

A

ACCENTURE PLC IRELAND

Value

$124.4M

Shares

1.00M

% Port

3.19%

B

ALIBABA GROUP HLDG LTD

Unchanged

Value

$96M

Shares

1.00M

% Port

2.46%

B

ALIBABA GROUP HLDG LTD

Unchanged

Value

$96M

Shares

1.00M

% Port

2.46%

C

CLOROX CO DEL

+100.0%

Value

$95.4M

Shares

1.00M

% Port

2.45%

D

DELTA AIR LINES INC

Unchanged

Value

$93.7M

Shares

1.00M

% Port

2.40%

N

NEWMONT CORP

Value

$93.4M

Shares

1.00M

% Port

2.40%

N

NEWMONT CORP

Value

$93.4M

Shares

1.00M

% Port

2.40%

E

ISHARES TR

-75.0%

Value

$86.4M

Shares

1.00M

% Port

2.22%

G

13.GM

GENERAL MTRS CO

Unchanged

Value

$77.1M

Shares

1.00M

% Port

1.98%

G

14.GM

GENERAL MTRS CO

Unchanged

Value

$77.1M

Shares

1.00M

% Port

1.98%

U

UBER TECHNOLOGIES INC

Value

$72.2M

Shares

1.00M

% Port

1.85%

F

16.FCX

FREEPORT MCMORAN INC

+25.0%

Value

$62.9M

Shares

1.00M

% Port

1.61%

C

BRISTOL-MYERS SQUIBB CO

Unchanged

Value

$57.6M

Shares

1.00M

% Port

1.48%

U

18.UPS

UNITED PARCEL SVCS INC

-50.0%

Value

$53.8M

Shares

500.0K

% Port

1.38%

U

19.UPS

UNITED PARCEL SVCS INC

-50.0%

Value

$53.8M

Shares

500.0K

% Port

1.38%

F

20.FLR

FLUOR CORP

+132.6%

Value

$52.4M

Shares

1.00M

% Port

1.34%

View full portfolio (93 holdings) →

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