MASTERS CAPITAL MANAGEMENT LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, MASTERS CAPITAL MANAGEMENT LLC maintained a portfolio of 97 distinct positions. The most significant new addition to the portfolio was BOEING CO, which now represents 4.43% of the total fund value. They heavily accumulated shares in UNITED PARCEL SERVIC, increasing their position by 100.0%. Conversely, MASTERS CAPITAL MANAGEMENT LLC completely exited their position in SPDR S&P 500 ETF TR.
PCA Score Concentration Risk
Risk ENB
Total Positions
97
Quarter
2025 Q4
Top Holding
UPS (8.1%)
Top 10 Concentration
44.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 97
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
UPS
UNITED PARCEL S...
CALL
CALL Option 8.09% 3.03% #1 4
Prev: #5
5.5 1,000,000 100.0%
P
S
2,000,000 $198,380,000 1999 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GM
GENERAL MTRS CO
CALL
CALL Option 6.64% 2.21% #2 8
Prev: #10
5.0 1,000,000 100.0%
P
S
2,000,000 $162,640,000 2000 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
CALL
CALL Option 5.98% 0.65% #3 37
Prev: #40
4.7 900,000 900.0%
P
S
1,000,000 $146,580,000 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BA
BOEING CO
CALL
CALL Option 4.43% #4
Prev: #—
3.8 500,000 no change
NEW
500,000 $108,560,000 2001 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HON
HONEYWELL INTL ...
CALL
CALL Option 3.98% #5
Prev: #—
3.6 500,000 no change
NEW
500,000 $97,545,000 2001 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
C
CITIGROUP INC
CALL
CALL Option 3.33% 3.68% #6 2
Prev: #4
1.4 -300,000 -30.0%
P
S
700,000 $81,683,000 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MET
METLIFE INC
CALL
CALL Option 3.22% #7
Prev: #—
3.3 1,000,000 no change
NEW
1,000,000 $78,940,000 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SLB
SLB LIMITED
CALL
CALL Option 3.13% 2.49% #8 1
Prev: #7
1.3 no change no change
P
S
2,000,000 $76,760,000 2003 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INTC
INTEL CORP
CALL
CALL Option 3.01% 2.43% #9 1
Prev: #8
1.2 no change no change
P
S
2,000,000 $73,800,000 2001 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DAL
DELTA AIR LINES...
Industrials 2.83% 2.06% #11
Prev: #11
1.1 no change no change
P
S
1,000,000 $69,400,000 2002 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DAL
DELTA AIR LINES...
CALL
CALL Option 2.83% 2.06% #10 2
Prev: #12
1.1 no change no change
P
S
1,000,000 $69,400,000 2002 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBM
INTERNATIONAL B...
CALL
CALL Option 2.42% 5.11% #12 10
Prev: #2
1.1 -300,000 -60.0%
P
S
200,000 $59,242,000 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EMN
EASTMAN CHEM CO
CALL
CALL Option 2.08% 1.83% #13
Prev: #13
0.8 no change no change
P
S
800,000 $51,064,000 2002 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BWA
BORGWARNER INC
CALL
CALL Option 1.84% 1.59% #14 2
Prev: #16
0.7 no change no change
P
S
1,000,000 $45,060,000 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC
CALL
CALL Option 1.79% 2.97% #15 9
Prev: #6
0.9 -500,100 -50.0%
P
S
500,000 $43,780,000 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MHK
MOHAWK INDS INC
Consumer Cyclical 1.78% 0.47% #16 34
Prev: #50
3.0 300,000 300.0%
P
S
400,000 $43,720,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FLR
FLUOR CORP NEW
Industrials 1.78% 1.52% #17
Prev: #17
2.7 100,000 10.0%
P
S
1,100,000 $43,593,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
CALL
CALL Option 1.73% #18
Prev: #—
2.7 500,000 no change
NEW
500,000 $42,490,000 2004 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IP
INTERNATIONAL P...
CALL
CALL Option 1.61% #19
Prev: #—
2.6 1,000,000 no change
NEW
1,000,000 $39,390,000 2001 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ASTS
AST SPACEMOBILE...
Technology 1.48% 0.89% #20 11
Prev: #31
0.6 no change no change
P
S
500,000 $36,315,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NKE
NIKE INC
CALL
CALL Option 1.30% #21
Prev: #—
2.5 500,000 no change
NEW
500,000 $31,855,000 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CLX
CLOROX CO DEL
CALL
CALL Option 1.30% #22
Prev: #—
2.5 315,500 no change
NEW
315,500 $31,811,865 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
REAL
THE REALREAL IN...
Consumer Cyclical 1.29% 0.39% #23 36
Prev: #59
2.8 1,000,000 100.0%
P
S
2,000,000 $31,560,000 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NOV
NOV INC
Energy 1.28% 0.96% #24 1
Prev: #25
0.5 no change no change
P
S
2,000,000 $31,260,000 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VYX
NCR VOYIX CORPO...
Technology 1.25% 0.95% #25 1
Prev: #26
2.6 900,000 42.9%
P
S
3,000,000 $30,600,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 0.00% 24.14%
Sold All 😨
(Was: #1)
0.3 -1,000,000 -100.0%
CLOSED
$— 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GILD
GILEAD SCIENCES...
CALL
CALL Option 0.00% 4.02%
Sold All 😨
(Was: #3)
0.3 -1,000,000 -100.0%
CLOSED
$— 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XBI
SPDR SERIES TRU...
CALL
CALL Option 0.00% 1.82%
Sold All 😨
(Was: #14)
0.3 -500,000 -100.0%
CLOSED
$— 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BMY
BRISTOL-MYERS S...
CALL
CALL Option 0.00% 1.63%
Sold All 😨
(Was: #15)
0.3 -1,000,000 -100.0%
CLOSED
$— 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADM
ARCHER DANIELS ...
CALL
CALL Option 0.00% 1.52%
Sold All 😨
(Was: #18)
0.3 -700,000 -100.0%
CLOSED
$— 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NUE
NUCOR CORP
CALL
CALL Option 0.00% 1.47%
Sold All 😨
(Was: #19)
0.3 -300,000 -100.0%
CLOSED
$— 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EMN
EASTMAN CHEM CO
PUT
PUT Option 0.00% 1.14%
Sold All 😨
(Was: #23)
0.3 -500,000 -100.0%
CLOSED
$— 2002 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FLR
FLUOR CORP NEW
CALL
CALL Option 0.00% 1.07%
Sold All 😨
(Was: #24)
0.3 -700,000 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MHK
MOHAWK INDS INC
CALL
CALL Option 0.00% 0.93%
Sold All 😨
(Was: #27)
0.3 -200,000 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HAL
HALLIBURTON CO
CALL
CALL Option 0.00% 0.89%
Sold All 😨
(Was: #30)
0.3 -1,000,000 -100.0%
CLOSED
$— 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ADM
ARCHER DANIELS ...
Consumer Defensive 0.00% 0.65%
Sold All 😨
(Was: #38)
0.3 -300,000 -100.0%
CLOSED
$— 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RUN
SUNRUN INC
CALL
CALL Option 0.00% 0.63%
Sold All 😨
(Was: #41)
0.3 -1,000,000 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VFC
V F CORP
Consumer Cyclical 0.00% 0.52%
Sold All 😨
(Was: #45)
0.3 -1,000,000 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VFC
V F CORP
CALL
CALL Option 0.00% 0.52%
Sold All 😨
(Was: #44)
0.3 -1,000,000 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NOV
NOV INC
CALL
CALL Option 0.00% 0.48%
Sold All 😨
(Was: #49)
0.3 -1,000,000 -100.0%
CLOSED
$— 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PBR
PETROLEO BRASIL...
Energy 0.00% 0.46%
Sold All 😨
(Was: #51)
0.3 -1,000,000 -100.0%
CLOSED
$— 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VALE
VALE S A
Basic Materials 0.00% 0.39%
Sold All 😨
(Was: #56)
0.3 -1,000,000 -100.0%
CLOSED
$— 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRC
CALIFORNIA RES ...
Energy 0.00% 0.39%
Sold All 😨
(Was: #57)
0.3 -200,000 -100.0%
CLOSED
$— 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
REAL
THE REALREAL IN...
CALL
CALL Option 0.00% 0.39%
Sold All 😨
(Was: #58)
0.3 -1,000,000 -100.0%
CLOSED
$— 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HTZ
HERTZ GLOBAL HL...
CALL
CALL Option 0.00% 0.25%
Sold All 😨
(Was: #67)
0.3 -1,000,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DQ
DAQO NEW ENERGY...
Technology 0.00% 0.20%
Sold All 😨
(Was: #69)
0.3 -200,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 97 holdings

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