Fund HoldingsMASTERS CAPITAL MANAGEMENT LLC

Total Portfolio Value
$3.90B
Total Bought
$2.08B
Total Sold
$1.31B
Net Transaction
+$769.28M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
STATE STR SPDR S&P 500 ETF T(SPY)(Put)01,000,000+1,000,0000746,770+746,770
NEWMONT CORP(NEM)(Call)02,000,000+2,000,0000186,800+186,800
BOEING CO(BA)(Call)01,000,000+1,000,0000216,470+216,470
ACCENTURE PLC IRELAND(Call)
SHS CLASS A
01,300,000+1,300,0000161,772+161,772
ALCOA CORP(AA)(Call)300,0002,000,000+1,700,00019,899104,280+84,381
UBER TECHNOLOGIES INC(UBER)(Call)01,000,000+1,000,000072,160+72,160
EASTMAN CHEM CO(EMN)(Call)01,000,000+1,000,000066,980+66,980
ALIBABA GROUP HLDG LTD(BABA)(Call)1,000,0002,000,000+1,000,000125,460191,960+66,500
GENERAL MTRS CO(GM)(Call)02,000,000+2,000,0000154,160+154,160
SERVICENOW INC(NOW)(Call)0500,000+500,000049,640+49,640
CLOROX CO DEL(CLX)(Call)500,0001,000,000+500,00051,81595,440+43,625
SLB LIMITED(SLB)(Call)1,000,0002,000,000+1,000,00051,39092,980+41,590
ANTERO RESOURCES CORP(AR)(Call)01,000,000+1,000,000035,140+35,140
FLUOR CORP(FLR)(Call)430,0001,000,000+570,00020,06052,390+32,331
DELTA AIR LINES INC(DAL)1,000,0001,000,000066,48093,6602.40%+27,180
BATH & BODY WORKS INC(Call)01,000,000+1,000,000023,130+23,130
ONDAS INC(ONDS)(Call)02,000,000+2,000,000016,480+16,480
FREEPORT MCMORAN INC(FCX)(Call)800,0001,000,000+200,00047,02462,890+15,866
CVS HEALTH CORP(CVS)(Call)500,000500,000035,91051,725+15,815
ROCKET COS INC(RKT)(Call)01,000,000+1,000,000015,750+15,750
MOBILEYE GLOBAL INC(MBLY)(Call)2,000,0003,000,000+1,000,00013,74029,040+15,300
TEREX CORP NEW(TEX)0200,000+200,000014,4780.37%+14,478
CELANESE CORP DEL(CE)0300,000+300,000013,8000.35%+13,800
CELANESE CORP DEL(CE)(Put)0300,000+300,000013,800+13,800
SUNRUN INC(RUN)(Call)01,000,000+1,000,000013,380+13,380
NU HLDGS LTD(NU)(Call)01,000,000+1,000,000013,360+13,360
EASTMAN CHEM CO(EMN)200,000400,000+200,00015,26426,7920.69%+11,528
LIONSGATE STUDIOS CORP(LION)1,994,8141,994,814019,13030,5410.78%+11,410
CLEVELAND-CLIFFS INC NEW(CLF)(Call)2,000,0003,000,000+1,000,00016,90028,170+11,270
IONQ INC(IONQ)(Call)1,100,000800,000-300,00031,71342,608+10,895
BOSTON SCIENTIFIC CORP(BSX)0250,000+250,000010,6700.27%+10,670
NCR VOYIX CORPORATION3,500,0004,000,000+500,00022,15532,6800.84%+10,525
ALMONTY INDS INC0600,000+600,00009,9360.25%+9,936
SLB LIMITED(SLB)0200,000+200,00009,2980.24%+9,298
FLUOR CORP(FLR)925,0001,000,000+75,00043,15152,3901.34%+9,239
INTEL CORP(INTC)(Call)3,000,0001,000,000-2,000,000132,390139,630+7,240
EOS ENERGY ENTERPRISES INC(EOSE)01,200,000+1,200,00007,0560.18%+7,056
BETA TECHNOLOGIES INC700,0001,028,200+328,20010,29017,2220.44%+6,932
VERADERMICS INC(MANE)100,000100,00006,31512,2940.32%+5,979
BARCLAYS PLC1,000,0001,000,000021,16026,8600.69%+5,700
HORMEL FOODS CORP(HRL)850,0001,000,000+150,00019,25324,8200.64%+5,568
FLOTEK INDUSTRIES INC(FTK)1,089,4381,000,000-89,43818,48823,5200.60%+5,032
NOV INC(NOV)2,000,0002,200,000+200,00037,62040,8101.05%+3,190
AST SPACEMOBILE INC(ASTS)500,000500,000041,43544,4301.14%+2,995
WHEELS UP EXPERIENCE INC0300,000+300,00002,6910.07%+2,691
ENOVIX CORPORATION(ENVX)2,000,0002,000,000010,36012,1400.31%+1,780
BRAINSWAY LTD1,650,0001,500,000-150,00021,92923,2650.60%+1,337
TELOS CORP MD2,000,0002,100,000+100,0008,3809,6600.25%+1,280
NCR VOYIX CORPORATION(Call)0150,000+150,00001,226+1,226
INTERNATIONAL PAPER CO(IP)(Call)500,000500,000017,85019,050+1,200
ENOVIX CORPORATION(ENVX)(Call)1,000,0001,000,00005,1806,070+890
ANGEL OAK MORTGAGE REIT INC(AOMD)1,000,0001,000,00008,2209,0800.23%+860
SENSEONICS HLDGS INC500,000700,000+200,0003,3303,9760.10%+646
PLUG PWR INC(PLUG)1,000,0001,000,00002,2602,7100.07%+450
EVE HLDG INC(EVEX)2,000,0002,000,00004,9605,0200.13%+60
SUNRUN INC(RUN)500,000500,00006,7806,6900.17%-90
NEURONETICS INC1,000,0001,000,00001,4501,3000.03%-150
LUCID DIAGNOSTICS INC4,000,0004,000,00004,6004,2800.11%-320
VERTICAL AEROSPACE LTD3,400,0004,100,000+700,0007,5147,1340.18%-380
INTEGRA RES CORP1,000,0001,000,00002,7302,2700.06%-460
THE REALREAL INC(REAL)2,000,0001,500,000-500,00018,16017,6850.45%-475
NEW FORTRESS ENERGY INC1,000,0000-1,000,0005900-590
MOBILEYE GLOBAL INC(MBLY)100,0000-100,0006870-687
ISOENERGY LTD700,000600,000-100,0007,3785,9820.15%-1,396
TRANSOCEAN LTD(RIG)(Call)1,000,0001,000,00006,6304,890-1,740
FERROGLOBE PLC(GSM)2,000,0002,000,00008,2406,3600.16%-1,880
WHEELS UP EXPERIENCE INC4,000,0000-4,000,0002,0660-2,066
NEXGEN ENERGY LTD(NXE)1,000,0001,000,000011,6009,3900.24%-2,210
PONY AI INC(PONY)950,000950,00008,9686,6030.17%-2,365
PONY AI INC(PONY)(Call)1,000,0001,000,00009,4406,950-2,490
BRISTOL-MYERS SQUIBB CO(BMY)(Call)1,000,0001,000,000060,65057,620-3,030
BORR DRILLING LTD(BORR)2,000,0002,000,000011,5408,2600.21%-3,280
TRANSOCEAN LTD(RIG)2,000,0002,000,000013,2609,7800.25%-3,480
DAUCH CORP3,500,0003,000,000-500,00020,75516,2600.42%-4,495
IAMGOLD CORP(IAG)300,0000-300,0005,6460-5,646
DENALI THERAPEUTICS INC(DNLI)600,000200,000-400,00011,5205,1440.13%-6,376
LYFT INC(LYFT)500,0000-500,0006,6500-6,650
LYFT INC(LYFT)(Call)500,0000-500,0006,6500-6,650
APPLIED OPTOELECTRONICS INC(AAOI)(Call)100,0000-100,0008,4590-8,459
FASTLY INC(FSLY)300,0000-300,0008,7180-8,718
CLEVELAND-CLIFFS INC NEW(CLF)1,200,0000-1,200,00010,1400-10,140
HUNTSMAN CORP(HUN)1,000,0000-1,000,00013,3100-13,310
VENTURE GLOBAL INC(VG)(Call)880,0000-880,00013,8690-13,869
FASTLY INC(FSLY)(Call)500,0000-500,00014,5300-14,530
NOKIA CORP(NOK)2,000,0000-2,000,00016,0800-16,080
UNITED PARCEL SVCS INC(UPS)500,000300,000-200,00049,19032,2500.83%-16,940
THE REALREAL INC(REAL)(Call)2,000,0000-2,000,00018,1600-18,160
DELTA AIR LINES INC(DAL)(Put)1,000,000500,000-500,00066,48046,830-19,650
BARCLAYS PLC(Call)1,000,0000-1,000,00021,1600-21,160
YPF SOCIEDAD ANONIMA(YPF)(Call)1,000,000500,000-500,00046,22022,735-23,485
FIFTH THIRD BANCORP(FITB)(Call)600,0000-600,00027,8760-27,876
FIREFLY AEROSPACE INC(FLY)(Call)1,000,0000-1,000,00028,4700-28,470
MOHAWK INDS INC(MHK)(Call)300,0000-300,00029,5380-29,538
BOSTON SCIENTIFIC CORP(BSX)(Call)500,0000-500,00031,3750-31,375
ARCHER DANIELS MIDLAND CO(Call)500,0000-500,00036,3450-36,345
MOHAWK INDS INC(MHK)500,000100,000-400,00049,23012,1330.31%-37,097
AST SPACEMOBILE INC(ASTS)(Call)500,0000-500,00041,4350-41,435
ECOLAB INC(ECL)(Call)200,0000-200,00053,2040-53,204
BORGWARNER INC(Call)1,000,0000-1,000,00054,2600-54,260
ORMAT TECHNOLOGIES INC(ORA)(Call)500,0000-500,00055,9600-55,960
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