2026 Q1 Portfolio Activity
In 2026 Q1, MASTERS CAPITAL MANAGEMENT LLC maintained a portfolio of 109 distinct positions. The most significant new addition was ISHARES TR, now representing 11.46% of the total fund value. They heavily accumulated shares in UNITED PARCEL SVCS INC, increasing the position by 500.0%. The fund also reduced its exposure to UNITED PARCEL SERVICE INC by 75.0%.
Position History
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Total Positions
109
Quarter
2026 Q1
Top Holding
TLT (11.5%)
Top 10 Concentration
47.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 109
MASTERS CAPITAL MANAGEMENT LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TLT
CALL
ISHARES TR
|
CALL Option | 11.46% | — |
#1
Prev: #—
|
9.5 |
—
|
4,000,000 | — |
NEW
|
4,000,000 | $346,760,000 | 2014 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
C
CALL
CITIGROUP INC
|
CALL Option | 7.49% | 3.33% |
#2
4
Prev: #6
|
7.5 |
—
|
1,300,000 | 185.7% |
P
S
|
2,000,000 | $226,820,000 | 2007 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UPS
CALL
UNITED PARCEL S...
|
CALL Option | 5.85% | 8.09% |
#3
2
Prev: #1
|
3.8 |
—
|
-200,000 | -10.0% |
P
S
|
1,800,000 | $177,084,000 | 1999 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
INTC
CALL
INTEL CORP
|
CALL Option | 4.37% | 3.01% |
#4
5
Prev: #9
|
5.2 |
—
|
1,000,000 | 50.0% |
P
S
|
3,000,000 | $132,390,000 | 2001 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BABA
CALL
ALIBABA GROUP H...
|
CALL Option | 4.15% | 5.98% |
#5
2
Prev: #3
|
3.2 |
—
|
no change | no change |
P
S
|
1,000,000 | $125,460,000 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IBM
CALL
INTERNATIONAL B...
|
CALL Option | 4.00% | 2.42% |
#6
6
Prev: #12
|
4.6 |
—
|
300,000 | 150.0% |
P
S
|
500,000 | $121,195,000 | 2000 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GM
CALL
GENERAL MTRS CO
|
CALL Option | 3.20% | 6.64% |
#7
5
Prev: #2
|
1.3 |
—
|
-700,000 | -35.0% |
P
S
|
1,300,000 | $96,850,000 | 2000 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
W
CALL
WAYFAIR INC
|
CALL Option | 2.73% | — |
#8
Prev: #—
|
4.6 |
—
|
1,100,000 | — |
NEW
|
1,100,000 | $82,731,000 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DAL
PUT
DELTA AIR LINES...
|
PUT Option | 2.20% | — |
#10
Prev: #—
|
4.4 |
—
|
1,000,000 | — |
NEW
|
1,000,000 | $66,480,000 | 2002 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DAL
DELTA AIR LINES...
|
Industrials | 2.20% | 2.83% |
#9
2
Prev: #11
|
1.9 |
—
|
no change | no change |
P
S
|
1,000,000 | $66,480,000 | 2002 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BMY
CALL
BRISTOL-MYERS S...
|
CALL Option | 2.00% | — |
#11
Prev: #—
|
4.3 |
—
|
1,000,000 | — |
NEW
|
1,000,000 | $60,650,000 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
APD
CALL
AIR PRODUCTS AN...
|
CALL Option | 1.92% | — |
#12
Prev: #—
|
4.3 |
—
|
200,000 | — |
NEW
|
200,000 | $58,098,000 | 1999 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ORA
CALL
ORMAT TECHNOLOG...
|
CALL Option | 1.85% | — |
#13
Prev: #—
|
4.2 |
—
|
500,000 | — |
NEW
|
500,000 | $55,960,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BWA
CALL
BORGWARNER INC
|
CALL Option | 1.79% | 1.84% |
#14
Prev: #14
|
1.7 |
—
|
no change | no change |
P
S
|
1,000,000 | $54,260,000 | 2008 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ECL
CALL
ECOLAB INC
|
CALL Option | 1.76% | — |
#15
Prev: #—
|
4.2 |
—
|
200,000 | — |
NEW
|
200,000 | $53,204,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CLX
CALL
CLOROX CO DEL
|
CALL Option | 1.71% | 1.30% |
#16
6
Prev: #22
|
3.7 |
—
|
184,500 | 58.5% |
P
S
|
500,000 | $51,815,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SLB
CALL
SLB LIMITED
|
CALL Option | 1.70% | 3.13% |
#17
9
Prev: #8
|
0.7 |
—
|
-1,000,000 | -50.0% |
P
S
|
1,000,000 | $51,390,000 | 2003 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MHK
MOHAWK INDS INC
|
Consumer Cyclical | 1.63% | 1.78% |
#18
2
Prev: #16
|
3.2 |
—
|
100,000 | 25.0% |
P
S
|
500,000 | $49,230,000 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UPS
UNITED PARCEL S...
|
Industrials | 1.63% | 1.21% |
#19
7
Prev: #26
|
3.7 |
—
|
200,000 | 66.7% |
P
S
|
500,000 | $49,190,000 | 1999 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FCX
CALL
FREEPORT MCMORA...
|
CALL Option | 1.55% | 0.79% |
#20
19
Prev: #39
|
3.6 |
—
|
420,100 | 110.6% |
P
S
|
800,000 | $47,024,000 | 2004 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
YPF
CALL
YPF SOCIEDAD AN...
|
CALL Option | 1.53% | 0.91% |
#21
13
Prev: #34
|
3.6 |
—
|
380,000 | 61.3% |
P
S
|
1,000,000 | $46,220,000 | 2013 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FLR
FLUOR CORP
|
Industrials | 1.43% | 1.78% |
#22
5
Prev: #17
|
1.1 |
—
|
-175,000 | -15.9% |
P
S
|
925,000 | $43,151,250 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ASTS
CALL
AST SPACEMOBILE...
|
CALL Option | 1.37% | — |
#24
Prev: #—
|
4.0 |
—
|
500,000 | — |
NEW
|
500,000 | $41,435,000 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ASTS
AST SPACEMOBILE...
|
Technology | 1.37% | 1.48% |
#23
3
Prev: #20
|
1.5 |
—
|
no change | no change |
P
S
|
500,000 | $41,435,000 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BA
CALL
BOEING CO
|
CALL Option | 1.32% | 4.43% |
#25
21
Prev: #4
|
0.5 |
—
|
-300,000 | -60.0% |
P
S
|
200,000 | $39,806,000 | 2001 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NOV
NOV INC
|
Energy | 1.24% | 1.28% |
#26
2
Prev: #24
|
1.5 |
—
|
no change | no change |
P
S
|
2,000,000 | $37,620,000 | 2000 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ADM
CALL
ARCHER DANIELS ...
|
CALL Option | 1.20% | — |
#27
Prev: #—
|
4.0 |
—
|
500,000 | — |
NEW
|
500,000 | $36,345,000 | 2006 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CVS
CALL
CVS HEALTH CORP
|
CALL Option | 1.19% | — |
#28
Prev: #—
|
4.0 |
—
|
500,000 | — |
NEW
|
500,000 | $35,910,000 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IONQ
CALL
IONQ INC
|
CALL Option | 1.05% | — |
#29
Prev: #—
|
3.9 |
—
|
1,100,000 | — |
NEW
|
1,100,000 | $31,713,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BSX
CALL
BOSTON SCIENTIF...
|
CALL Option | 1.04% | — |
#30
Prev: #—
|
3.9 |
—
|
500,000 | — |
NEW
|
500,000 | $31,375,000 | 2000 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MHK
CALL
MOHAWK INDS INC
|
CALL Option | 0.98% | — |
#31
Prev: #—
|
3.9 |
—
|
300,000 | — |
NEW
|
300,000 | $29,538,000 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FLY
CALL
FIREFLY AEROSPA...
|
CALL Option | 0.94% | — |
#32
Prev: #—
|
3.9 |
—
|
1,000,000 | — |
NEW
|
1,000,000 | $28,470,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FITB
CALL
FIFTH THIRD BAN...
|
CALL Option | 0.92% | — |
#33
Prev: #—
|
3.9 |
—
|
600,000 | — |
NEW
|
600,000 | $27,876,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VYX
NCR VOYIX CORPO...
|
Technology | 0.73% | 1.25% |
#34
9
Prev: #25
|
2.3 |
—
|
500,000 | 16.7% |
P
S
|
3,500,000 | $22,155,000 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BWAY
BRAINSWAY LTD
|
Healthcare | 0.72% | 0.78% |
#35
7
Prev: #42
|
3.3 |
—
|
650,000 | 65.0% |
P
S
|
1,650,000 | $21,928,500 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BCS
CALL
BARCLAYS PLC
|
CALL Option | 0.70% | — |
#37
Prev: #—
|
3.8 |
—
|
1,000,000 | — |
NEW
|
1,000,000 | $21,160,000 | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BCS
BARCLAYS PLC
|
Financial Services | 0.70% | 1.04% |
#36
7
Prev: #29
|
1.3 |
—
|
no change | no change |
P
S
|
1,000,000 | $21,160,000 | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AXL
DAUCH CORP
|
Unknown | 0.69% | 0.78% |
#38
2
Prev: #40
|
2.3 |
—
|
500,000 | 16.7% |
P
S
|
3,500,000 | $20,755,000 | 2015 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FLR
CALL
FLUOR CORP
|
CALL Option | 0.66% | — |
#39
Prev: #—
|
3.8 |
—
|
430,000 | — |
NEW
|
430,000 | $20,059,500 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AA
CALL
ALCOA CORP
|
CALL Option | 0.66% | 1.08% |
#40
13
Prev: #27
|
0.3 |
—
|
-200,000 | -40.0% |
P
S
|
300,000 | $19,899,000 | 2007 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HRL
HORMEL FOODS CO...
|
Consumer Defensive | 0.64% | — |
#41
Prev: #—
|
3.8 |
—
|
850,000 | — |
NEW
|
850,000 | $19,252,500 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LION
LIONSGATE STUDI...
|
Unknown | 0.63% | 0.74% |
#42
2
Prev: #44
|
0.8 |
—
|
-5,186 | -0.3% |
P
S
|
1,994,814 | $19,130,266 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FTK
FLOTEK INDUSTRI...
|
Energy | 0.61% | 0.70% |
#43
3
Prev: #46
|
2.2 |
—
|
89,438 | 8.9% |
P
S
|
1,089,438 | $18,487,763 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
REAL
CALL
THE REALREAL IN...
|
CALL Option | 0.60% | — |
#44
Prev: #—
|
3.7 |
—
|
2,000,000 | — |
NEW
|
2,000,000 | $18,160,000 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
REAL
THE REALREAL IN...
|
Consumer Cyclical | 0.60% | 1.29% |
#45
22
Prev: #23
|
1.2 |
—
|
no change | no change |
P
S
|
2,000,000 | $18,160,000 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IP
CALL
INTERNATIONAL P...
|
CALL Option | 0.59% | 1.61% |
#46
27
Prev: #19
|
0.2 |
—
|
-500,000 | -50.0% |
P
S
|
500,000 | $17,850,000 | 2001 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CLF
CALL
CLEVELAND-CLIFF...
|
CALL Option | 0.56% | 0.54% |
#47
6
Prev: #53
|
3.2 |
—
|
1,000,000 | 100.0% |
P
S
|
2,000,000 | $16,900,000 | 2015 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NOK
NOKIA CORP
|
Technology | 0.53% | 0.53% |
#48
6
Prev: #54
|
1.2 |
—
|
no change | no change |
P
S
|
2,000,000 | $16,080,000 | 2000 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EMN
EASTMAN CHEM CO
|
Basic Materials | 0.50% | 0.78% |
#49
8
Prev: #41
|
0.2 |
—
|
-100,000 | -33.3% |
P
S
|
200,000 | $15,264,000 | 2002 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FSLY
CALL
FASTLY INC
|
CALL Option | 0.48% | — |
#50
Prev: #—
|
3.7 |
—
|
500,000 | — |
NEW
|
500,000 | $14,530,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 109 holdings