MASTERS CAPITAL MANAGEMENT LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INTERNATIONAL BUSINESS MACHS(IBM)(Call) | 0 | 500,000 | +500,000 | 0 | 141,080,000 | — | +141,080,000 |
| GILEAD SCIENCES INC(GILD)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 111,000,000 | — | +111,000,000 |
| UNITED PARCEL SERVICE INC(UPS)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 83,530,000 | — | +83,530,000 |
| CORNING INC(GLW)(Call) | 0 | 1,000,100 | +1,000,100 | 0 | 82,038,203 | — | +82,038,203 |
| GENERAL MTRS CO(GM)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 60,970,000 | — | +60,970,000 |
| DELTA AIR LINES INC DEL(DAL)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 56,750,000 | — | +56,750,000 |
| SPDR SERIES TRUST(Call) | 0 | 500,000 | +500,000 | 0 | 50,100,000 | — | +50,100,000 |
| SPDR S&P 500 ETF TR(SPY)(Put) | 1,000,000 | 1,000,000 | 0 | 617,850,000 | 666,180,000 | — | +48,330,000 |
| BORGWARNER INC(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 43,960,000 | — | +43,960,000 |
| NUCOR CORP(NUE)(Call) | 0 | 300,000 | +300,000 | 0 | 40,629,000 | — | +40,629,000 |
| ALCOA CORP(AA)(Call) | 1,000,000 | 2,000,000 | +1,000,000 | 29,510,000 | 65,780,000 | — | +36,270,000 |
| EXXON MOBIL CORP(Call) | 0 | 300,000 | +300,000 | 0 | 33,825,000 | — | +33,825,000 |
| EASTMAN CHEM CO(EMN)(Put) | 0 | 500,000 | +500,000 | 0 | 31,525,000 | — | +31,525,000 |
| PFIZER INC(PFE)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 25,480,000 | — | +25,480,000 |
| HALLIBURTON CO(HAL)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 24,600,000 | — | +24,600,000 |
| FORD MTR CO(F)(Call) | 0 | 2,000,000 | +2,000,000 | 0 | 23,920,000 | — | +23,920,000 |
| ARCHER DANIELS MIDLAND CO | 0 | 300,000 | +300,000 | 0 | 17,922,000 | 2.88% | +17,922,000 |
| ALIBABA GROUP HLDG LTD(BABA)(Call) | 0 | 100,000 | +100,000 | 0 | 17,873,000 | — | +17,873,000 |
| V F CORP(VFC)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 14,430,000 | — | +14,430,000 |
| OLIN CORP(OLN) | 0 | 550,000 | +550,000 | 0 | 13,744,500 | 2.21% | +13,744,500 |
| SUNRUN INC(RUN)(Call) | 500,000 | 1,000,000 | +500,000 | 4,090,000 | 17,290,000 | — | +13,200,000 |
| MOHAWK INDS INC(MHK) | 0 | 100,000 | +100,000 | 0 | 12,892,000 | 2.07% | +12,892,000 |
| EASTMAN CHEM CO(EMN) | 250,000 | 500,000 | +250,000 | 18,665,000 | 31,525,000 | 5.06% | +12,860,000 |
| OLIN CORP(OLN)(Call) | 0 | 500,000 | +500,000 | 0 | 12,495,000 | — | +12,495,000 |
| VALE S A | 0 | 1,000,000 | +1,000,000 | 0 | 10,860,000 | 1.74% | +10,860,000 |
| CALIFORNIA RES CORP(CRC) | 0 | 200,000 | +200,000 | 0 | 10,636,000 | 1.71% | +10,636,000 |
| THE REALREAL INC(REAL) | 0 | 1,000,000 | +1,000,000 | 0 | 10,630,000 | 1.71% | +10,630,000 |
| THE REALREAL INC(REAL)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 10,630,000 | — | +10,630,000 |
| DOW INC(DOW)(Call) | 500,000 | 1,000,000 | +500,000 | 13,240,000 | 22,930,000 | — | +9,690,000 |
| PONY AI INC(PONY) | 1,000,000 | 1,000,000 | 0 | 13,200,000 | 22,490,000 | 3.61% | +9,290,000 |
| CLEVELAND-CLIFFS INC NEW(CLF) | 2,000,000 | 2,000,000 | 0 | 15,200,000 | 24,400,000 | 3.92% | +9,200,000 |
| DOW INC(DOW) | 100,000 | 500,000 | +400,000 | 2,648,000 | 11,465,000 | 1.84% | +8,817,000 |
| DELTA AIR LINES INC DEL(DAL) | 1,000,000 | 1,000,000 | 0 | 49,180,000 | 56,750,000 | 9.12% | +7,570,000 |
| TELOS CORP MD | 2,000,000 | 2,000,000 | 0 | 6,340,000 | 13,680,000 | 2.20% | +7,340,000 |
| AMERICAN AXLE & MFG HLDGS IN | 0 | 1,200,000 | +1,200,000 | 0 | 7,212,000 | 1.16% | +7,212,000 |
| HERTZ GLOBAL HLDGS INC(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 6,800,000 | — | +6,800,000 |
| TRANSOCEAN LTD(RIG)(Call) | 0 | 2,000,000 | +2,000,000 | 0 | 6,240,000 | — | +6,240,000 |
| DAQO NEW ENERGY CORP(DQ) | 0 | 200,000 | +200,000 | 0 | 5,626,000 | 0.90% | +5,626,000 |
| VERTICAL AEROSPACE LTD(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 5,190,000 | — | +5,190,000 |
| FLUOR CORP NEW(FLR)(Call) | 485,000 | 700,000 | +215,000 | 24,865,950 | 29,449,000 | — | +4,583,050 |
| BORR DRILLING LTD(BORR) | 2,100,000 | 3,000,000 | +900,000 | 3,843,000 | 8,070,000 | 1.30% | +4,227,000 |
| CELANESE CORP DEL(CE) | 0 | 100,000 | +100,000 | 0 | 4,208,000 | 0.68% | +4,208,000 |
| NCR VOYIX CORPORATION | 1,900,000 | 2,100,000 | +200,000 | 22,287,000 | 26,355,000 | 4.23% | +4,068,000 |
| NEXGEN ENERGY LTD(NXE) | 2,000,000 | 2,000,000 | 0 | 13,880,000 | 17,900,000 | 2.88% | +4,020,000 |
| TRANSOCEAN LTD(RIG) | 0 | 1,000,000 | +1,000,000 | 0 | 3,120,000 | 0.50% | +3,120,000 |
| GREEN PLAINS INC(GPRE) | 1,000,000 | 1,000,000 | 0 | 6,030,000 | 8,790,000 | 1.41% | +2,760,000 |
| V F CORP(VFC) | 1,000,000 | 1,000,000 | 0 | 11,750,000 | 14,430,000 | 2.32% | +2,680,000 |
| DENALI THERAPEUTICS INC(DNLI) | 600,000 | 750,000 | +150,000 | 8,394,000 | 10,890,000 | 1.75% | +2,496,000 |
| PLUG POWER INC(PLUG) | 0 | 1,000,000 | +1,000,000 | 0 | 2,330,000 | 0.37% | +2,330,000 |
| NEW FORTRESS ENERGY INC | 0 | 1,000,000 | +1,000,000 | 0 | 2,210,000 | 0.36% | +2,210,000 |
| LIONSGATE STUDIOS CORP(LION) | 2,000,000 | 2,000,000 | 0 | 11,620,000 | 13,800,000 | 2.22% | +2,180,000 |
| BARCLAYS PLC | 1,000,000 | 1,000,000 | 0 | 18,590,000 | 20,670,000 | 3.32% | +2,080,000 |
| BRAINSWAY LTD | 1,000,000 | 1,000,000 | 0 | 13,150,000 | 15,070,000 | 2.42% | +1,920,000 |
| FERROGLOBE PLC | 2,000,000 | 2,000,000 | 0 | 7,340,000 | 9,100,000 | 1.46% | +1,760,000 |
| NOV INC(NOV) | 2,000,000 | 2,000,000 | 0 | 24,860,000 | 26,500,000 | 4.26% | +1,640,000 |
| AST SPACEMOBILE INC(ASTS) | 500,000 | 500,000 | 0 | 23,365,000 | 24,540,000 | 3.94% | +1,175,000 |
| SCHLUMBERGER LTD(SLB)(Call) | 2,000,000 | 2,000,000 | 0 | 67,600,000 | 68,740,000 | — | +1,140,000 |
| LUCID DIAGNOSTICS INC | 2,727,273 | 3,999,273 | +1,272,000 | 3,136,364 | 4,039,266 | 0.65% | +902,902 |
| NOV INC(NOV)(Call) | 1,000,000 | 1,000,000 | 0 | 12,430,000 | 13,250,000 | — | +820,000 |
| WHEELS UP EXPERIENCE INC | 1,000,000 | 1,000,000 | 0 | 1,070,000 | 1,840,000 | 0.30% | +770,000 |
| PETROLEO BRASILEIRO SA PETRO(PBR) | 1,000,000 | 1,000,000 | 0 | 12,510,000 | 12,660,000 | 2.03% | +150,000 |
| SENSEONICS HLDGS INC | 4,500,000 | 5,000,000 | +500,000 | 2,143,800 | 2,179,000 | 0.35% | +35,200 |
| ANGEL OAK MORTGAGE REIT INC(AOMD) | 1,000,000 | 1,000,000 | 0 | 9,420,000 | 9,370,000 | 1.51% | -50,000 |
| INTEL CORP(INTC)(Call) | 3,000,000 | 2,000,000 | -1,000,000 | 67,200,000 | 67,100,000 | — | -100,000 |
| FLOTEK INDS INC DEL(FTK) | 1,000,000 | 1,000,000 | 0 | 14,760,000 | 14,600,000 | 2.35% | -160,000 |
| INMUNE BIO INC(Call) | 100,000 | 0 | -100,000 | 231,000 | 0 | — | -231,000 |
| NOVAGOLD RES INC | 100,000 | 0 | -100,000 | 409,000 | 0 | — | -409,000 |
| ENOVIX CORPORATION(ENVX) | 2,000,000 | 2,000,000 | 0 | 20,680,000 | 19,940,000 | 3.20% | -740,000 |
| NEURONETICS INC | 1,000,000 | 1,000,000 | 0 | 3,490,000 | 2,730,000 | 0.44% | -760,000 |
| BRISTOL-MYERS SQUIBB CO(BMY)(Call) | 1,000,000 | 1,000,000 | 0 | 46,290,000 | 45,100,000 | — | -1,190,000 |
| ARCHER AVIATION INC(ACHR) | 1,000,000 | 999,700 | -300 | 10,850,000 | 9,577,126 | 1.54% | -1,272,874 |
| PLUG POWER INC(PLUG) | 1,000,000 | 0 | -1,000,000 | 1,490,000 | 0 | — | -1,490,000 |
| SCHOLAR ROCK HLDG CORP(SRRK) | 50,000 | 0 | -50,000 | 1,771,000 | 0 | — | -1,771,000 |
| EVE HLDG INC | 2,000,000 | 3,050,000 | +1,050,000 | 13,720,000 | 11,620,500 | 1.87% | -2,099,500 |
| BRISTOL-MYERS SQUIBB CO(BMY) | 250,000 | 200,000 | -50,000 | 11,572,500 | 9,020,000 | 1.45% | -2,552,500 |
| UNITED PARCEL SERVICE INC(UPS) | 300,000 | 300,000 | 0 | 30,282,000 | 25,059,000 | 4.03% | -5,223,000 |
| MOHAWK INDS INC(MHK)(Call) | 300,000 | 200,000 | -100,000 | 31,452,000 | 25,784,000 | — | -5,668,000 |
| ETORO GROUP LTD(ETOR) | 100,000 | 0 | -100,000 | 6,659,000 | 0 | — | -6,659,000 |
| QUANTUMSCAPE CORP(QS)(Call) | 1,000,000 | 0 | -1,000,000 | 6,720,000 | 0 | — | -6,720,000 |
| TETRA TECHNOLOGIES INC DEL(TTI) | 2,000,000 | 0 | -2,000,000 | 6,720,000 | 0 | — | -6,720,000 |
| CLEVELAND-CLIFFS INC NEW(CLF)(Call) | 1,000,000 | 0 | -1,000,000 | 7,600,000 | 0 | — | -7,600,000 |
| LYFT INC(LYFT)(Call) | 500,000 | 0 | -500,000 | 7,880,000 | 0 | — | -7,880,000 |
| FLUOR CORP NEW(FLR) | 1,000,000 | 1,000,000 | 0 | 51,270,000 | 42,070,000 | 6.76% | -9,200,000 |
| ADIENT PLC(ADNT)(Call) | 500,000 | 0 | -500,000 | 9,730,000 | 0 | — | -9,730,000 |
| MIRION TECHNOLOGIES INC(MIR)(Call) | 500,000 | 0 | -500,000 | 10,765,000 | 0 | — | -10,765,000 |
| ARCHER DANIELS MIDLAND CO(Call) | 1,000,000 | 700,000 | -300,000 | 52,780,000 | 41,818,000 | — | -10,962,000 |
| PPG INDS INC(PPG) | 100,000 | 0 | -100,000 | 11,375,000 | 0 | — | -11,375,000 |
| SCOTTS MIRACLE-GRO CO(SMG) | 200,000 | 0 | -200,000 | 13,192,000 | 0 | — | -13,192,000 |
| EASTMAN CHEM CO(EMN)(Call) | 900,000 | 800,000 | -100,000 | 67,194,000 | 50,440,000 | — | -16,754,000 |
| PERRIGO CO PLC(PRGO)(Call) | 697,400 | 0 | -697,400 | 18,634,528 | 0 | — | -18,634,528 |
| COHERENT CORP(COHR)(Call) | 250,000 | 0 | -250,000 | 22,302,500 | 0 | — | -22,302,500 |
| INTEL CORP(INTC) | 1,000,000 | 0 | -1,000,000 | 22,400,000 | 0 | — | -22,400,000 |
| DELTA AIR LINES INC DEL(DAL)(Put) | 500,000 | 0 | -500,000 | 24,590,000 | 0 | — | -24,590,000 |
| BOEING CO(BA)(Call) | 200,000 | 0 | -200,000 | 41,906,000 | 0 | — | -41,906,000 |
| TRUIST FINL CORP(TFC)(Call) | 1,029,900 | 0 | -1,029,900 | 44,275,401 | 0 | — | -44,275,401 |
| UBER TECHNOLOGIES INC(UBER)(Call) | 500,000 | 0 | -500,000 | 46,650,000 | 0 | — | -46,650,000 |
| FREEPORT-MCMORAN INC(FCX)(Call) | 2,000,000 | 1,000,000 | -1,000,000 | 86,700,000 | 39,220,000 | — | -47,480,000 |
| WAYFAIR INC(W)(Call) | 1,000,000 | 0 | -1,000,000 | 51,140,000 | 0 | — | -51,140,000 |
| BAXTER INTL INC(Call) | 2,000,000 | 0 | -2,000,000 | 60,560,000 | 0 | — | -60,560,000 |
| MICRON TECHNOLOGY INC(MU)(Call) | 500,000 | 0 | -500,000 | 61,625,000 | 0 | — | -61,625,000 |