Fund Holdings

MASTERS CAPITAL MANAGEMENT LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
ISHARES TR(Call)04,000,000+4,000,0000346,760,000+346,760,000
CITIGROUP INC(C)(Call)02,000,000+2,000,0000226,820,000+226,820,000
WAYFAIR INC(W)(Call)01,100,000+1,100,000082,731,000+82,731,000
DELTA AIR LINES INC(DAL)(Put)01,000,000+1,000,000066,480,000+66,480,000
INTERNATIONAL BUSINESS MACHS(IBM)(Call)0500,000+500,0000121,195,000+121,195,000
BRISTOL-MYERS SQUIBB CO(BMY)(Call)01,000,000+1,000,000060,650,000+60,650,000
INTEL CORP(INTC)(Call)03,000,000+3,000,0000132,390,000+132,390,000
AIR PRODUCTS AND CHEMICALS I(Call)0200,000+200,000058,098,000+58,098,000
ORMAT TECHNOLOGIES INC(ORA)(Call)0500,000+500,000055,960,000+55,960,000
ECOLAB INC(ECL)(Call)0200,000+200,000053,204,000+53,204,000
AST SPACEMOBILE INC(ASTS)(Call)0500,000+500,000041,435,000+41,435,000
ARCHER DANIELS MIDLAND CO(Call)0500,000+500,000036,345,000+36,345,000
CVS HEALTH CORP(CVS)(Call)0500,000+500,000035,910,000+35,910,000
IONQ INC(IONQ)(Call)01,100,000+1,100,000031,713,000+31,713,000
BOSTON SCIENTIFIC CORP(BSX)(Call)0500,000+500,000031,375,000+31,375,000
MOHAWK INDS INC(MHK)(Call)0300,000+300,000029,538,000+29,538,000
FIREFLY AEROSPACE INC(FLY)(Call)01,000,000+1,000,000028,470,000+28,470,000
FIFTH THIRD BANCORP(FITB)(Call)0600,000+600,000027,876,000+27,876,000
FREEPORT MCMORAN INC(FCX)(Call)0800,000+800,000047,024,000+47,024,000
YPF SOCIEDAD ANONIMA(YPF)(Call)01,000,000+1,000,000046,220,000+46,220,000
BARCLAYS PLC(Call)01,000,000+1,000,000021,160,000+21,160,000
FLUOR CORP(FLR)(Call)0430,000+430,000020,059,500+20,059,500
CLOROX CO DEL(CLX)(Call)0500,000+500,000051,815,000+51,815,000
UNITED PARCEL SVCS INC(UPS)0500,000+500,000049,190,0007.27%+49,190,000
HORMEL FOODS CORP(HRL)0850,000+850,000019,252,5002.84%+19,252,500
THE REALREAL INC(REAL)(Call)02,000,000+2,000,000018,160,000+18,160,000
FASTLY INC(FSLY)(Call)0500,000+500,000014,530,000+14,530,000
VENTURE GLOBAL INC(VG)(Call)0880,000+880,000013,868,800+13,868,800
MOBILEYE GLOBAL INC(MBLY)(Call)02,000,000+2,000,000013,740,000+13,740,000
BETA TECHNOLOGIES INC0700,000+700,000010,290,0001.52%+10,290,000
BORGWARNER INC(Call)01,000,000+1,000,000054,260,000+54,260,000
TRANSOCEAN LTD(RIG)02,000,000+2,000,000013,260,0001.96%+13,260,000
FASTLY INC(FSLY)0300,000+300,00008,718,0001.29%+8,718,000
APPLIED OPTOELECTRONICS INC(AAOI)(Call)0100,000+100,00008,459,000+8,459,000
ISOENERGY LTD0700,000+700,00007,378,0001.09%+7,378,000
SUNRUN INC(RUN)0500,000+500,00006,780,0001.00%+6,780,000
LYFT INC(LYFT)0500,000+500,00006,650,0000.98%+6,650,000
NOV INC(NOV)02,000,000+2,000,000037,620,0005.56%+37,620,000
VERADERMICS INC(MANE)0100,000+100,00006,315,0000.93%+6,315,000
IAMGOLD CORP(IAG)0300,000+300,00005,646,0000.83%+5,646,000
MOHAWK INDS INC(MHK)0500,000+500,000049,230,0007.27%+49,230,000
ENOVIX CORPORATION(ENVX)(Call)01,000,000+1,000,00005,180,000+5,180,000
AST SPACEMOBILE INC(ASTS)0500,000+500,000041,435,0006.12%+41,435,000
CLEVELAND-CLIFFS INC NEW(CLF)(Call)02,000,000+2,000,000016,900,000+16,900,000
HUNTSMAN CORP(HUN)01,000,000+1,000,000013,310,0001.97%+13,310,000
NOKIA CORP(NOK)02,000,000+2,000,000016,080,0002.38%+16,080,000
BRAINSWAY LTD01,650,000+1,650,000021,928,5003.24%+21,928,500
INTEGRA RES CORP01,000,000+1,000,00002,730,0000.40%+2,730,000
SENSEONICS HLDGS INC0500,000+500,00003,330,0000.49%+3,330,000
DAUCH CORP03,500,000+3,500,000020,755,0003.07%+20,755,000
FLOTEK INDUSTRIES INC01,089,438+1,089,438018,487,7632.73%+18,487,763
LIONSGATE STUDIOS CORP(LION)01,994,814+1,994,814019,130,2662.83%+19,130,266
MOBILEYE GLOBAL INC(MBLY)0100,000+100,0000687,0000.10%+687,000
PLUG PWR INC(PLUG)01,000,000+1,000,00002,260,0000.33%+2,260,000
LUCID DIAGNOSTICS INC04,000,000+4,000,00004,600,0000.68%+4,600,000
NEURONETICS INC01,000,000+1,000,00001,450,0000.21%+1,450,000
BORR DRILLING LTD(BORR)02,000,000+2,000,000011,540,0001.70%+11,540,000
ANGEL OAK MORTGAGE REIT INC(AOMD)01,000,000+1,000,00008,220,0001.21%+8,220,000
FLUOR CORP(FLR)0925,000+925,000043,151,2506.37%+43,151,250
NEW FORTRESS ENERGY INC01,000,000+1,000,0000590,0000.09%+590,000
FERROGLOBE PLC02,000,000+2,000,00008,240,0001.22%+8,240,000
WHEELS UP EXPERIENCE INC04,000,000+4,000,00002,066,0000.31%+2,066,000
PONY AI INC(PONY)(Call)01,000,000+1,000,00009,440,000+9,440,000
TRANSOCEAN LTD(RIG)(Call)01,000,000+1,000,00006,630,000+6,630,000
TELOS CORP MD02,000,000+2,000,00008,380,0001.24%+8,380,000
DELTA AIR LINES INC(DAL)01,000,000+1,000,000066,480,0009.82%+66,480,000
CLEVELAND-CLIFFS INC NEW(CLF)01,200,000+1,200,000010,140,0001.50%+10,140,000
VERTICAL AEROSPACE LTD03,400,000+3,400,00007,514,0001.11%+7,514,000
EVE HLDG INC(EVEX)02,000,000+2,000,00004,960,0000.73%+4,960,000
EASTMAN CHEM CO(EMN)0200,000+200,000015,264,0002.25%+15,264,000
ENOVIX CORPORATION(ENVX)02,000,000+2,000,000010,360,0001.53%+10,360,000
BARCLAYS PLC01,000,000+1,000,000021,160,0003.13%+21,160,000
CELSIUS HLDGS INC(CELH)000000
DENALI THERAPEUTICS INC(DNLI)0600,000+600,000011,520,0001.70%+11,520,000
VERTICAL AEROSPACE LTD(Call)000000
ALCOA CORP(AA)(Call)0300,000+300,000019,899,000+19,899,000
NEXGEN ENERGY LTD(NXE)01,000,000+1,000,000011,600,0001.71%+11,600,000
ARCHER AVIATION INC(ACHR)000000
PONY AI INC(PONY)0950,000+950,00008,968,0001.32%+8,968,000
NCR VOYIX CORPORATION03,500,000+3,500,000022,155,0003.27%+22,155,000
CELANESE CORP DEL(CE)000000
GREEN PLAINS INC(GPRE)000000
ALLIED GOLD CORP(AAUC)000000
LYFT INC(LYFT)(Call)0500,000+500,00006,650,000+6,650,000
THE REALREAL INC(REAL)02,000,000+2,000,000018,160,0002.68%+18,160,000
OLIN CORP(OLN)000000
BRISTOL-MYERS SQUIBB CO(BMY)000000
DOW INC(DOW)000000
HONEYWELL INTL INC(HON)000000
CELANESE CORP DEL(CE)(Call)000000
OLIN CORP(OLN)(Call)000000
ALIBABA GROUP HLDG LTD(BABA)(Call)01,000,000+1,000,0000125,460,000+125,460,000
UNITED PARCEL SVCS INC(UPS)(Call)01,800,000+1,800,0000177,084,000+177,084,000
INTERNATIONAL PAPER CO(IP)(Call)0500,000+500,000017,850,000+17,850,000
DOW INC(DOW)(Call)000000
EXXON MOBIL CORP(XOM)(Call)000000
APA CORPORATION(APA)(Call)000000
PFIZER INC(PFE)(Call)000000
SLB LIMITED(SLB)(Call)01,000,000+1,000,000051,390,000+51,390,000
FORD MTR CO(F)(Call)000000
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