Masters Capital Management LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1104186) · Explore on the interactive board
Masters Capital Management LLC disclosed 42 US equity positions worth $711.3m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is DAL at 13.2% of the reported book, followed by FLR, ASTS. The top ten holdings are 57.0% of the book, and the portfolio behaves like about 21 equal-weight positions. Versus the prior filing it opened 7 new positions, added to 9, reduced 8 and exited 7. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Masters Capital Management LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 7 new, 9 added, 8 reduced, 7 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | DAL DELTA AIR LINES INC | Industrials | 13.2% | $93.7m | 1,000,000 | 0% | held |
| 2 | FLR FLUOR CORP | Industrials | 7.4% | $52.4m | 1,000,000 | 8% | added |
| 3 | ASTS AST SPACEMOBILE INC | Technology | 6.2% | $44.4m | 500,000 | 0% | held |
| 4 | NOV NOV INC | Energy | 5.7% | $40.8m | 2,200,000 | 10% | added |
| 5 | VYX NCR VOYIX CORPORATION | Technology | 4.6% | $32.7m | 4,000,000 | 14% | added |
| 6 | UPS UNITED PARCEL SVCS INC | Industrials | 4.5% | $32.2m | 300,000 | -40% | reduced |
| 7 | LION LIONSGATE STUDIOS CORP | 4.3% | $30.5m | 1,994,814 | 0% | held | |
| 8 | BCS BARCLAYS PLC | Financial Services | 3.8% | $26.9m | 1,000,000 | 0% | held |
| 9 | EMN EASTMAN CHEM CO | Basic Materials | 3.8% | $26.8m | 400,000 | 100% | added |
| 10 | HRL HORMEL FOODS CORP | Consumer Defensive | 3.5% | $24.8m | 1,000,000 | 18% | added |
| 11 | FTK FLOTEK INDUSTRIES INC | 3.3% | $23.5m | 1,000,000 | -8% | reduced | |
| 12 | BWAY BRAINSWAY LTD | 3.3% | $23.3m | 1,500,000 | -9% | reduced | |
| 13 | REAL THE REALREAL INC | Consumer Cyclical | 2.5% | $17.7m | 1,500,000 | -25% | reduced |
| 14 | BETA BETA TECHNOLOGIES INC | 2.4% | $17.2m | 1,028,200 | 47% | added | |
| 15 | DCH DAUCH CORP | Consumer Cyclical | 2.3% | $16.3m | 3,000,000 | -14% | reduced |
| 16 | TEX TEREX CORP NEW | Industrials | 2.0% | $14.5m | 200,000 | – | new |
| 17 | CE CELANESE CORP DEL | Basic Materials | 1.9% | $13.8m | 300,000 | – | new |
| 18 | MANE VERADERMICS INC | Healthcare | 1.7% | $12.3m | 100,000 | 0% | held |
| 19 | ENVX ENOVIX CORPORATION | Industrials | 1.7% | $12.1m | 2,000,000 | 0% | held |
| 20 | MHK MOHAWK INDS INC | Consumer Cyclical | 1.7% | $12.1m | 100,000 | -80% | reduced |
| 21 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.5% | $10.7m | 250,000 | – | new |
| 22 | ALM ALMONTY INDS INC | 1.4% | $9.9m | 600,000 | – | new | |
| 23 | RIG TRANSOCEAN LTD | Energy | 1.4% | $9.8m | 2,000,000 | 0% | held |
| 24 | TLS TELOS CORP MD | 1.4% | $9.7m | 2,100,000 | 5% | added | |
| 25 | NXE NEXGEN ENERGY LTD | Energy | 1.3% | $9.4m | 1,000,000 | 0% | held |
| 26 | SLB SLB LIMITED | Energy | 1.3% | $9.3m | 200,000 | – | new |
| 27 | AOMR ANGEL OAK MORTGAGE REIT INC | 1.3% | $9.1m | 1,000,000 | 0% | held | |
| 28 | BORR BORR DRILLING LTD | Energy | 1.2% | $8.3m | 2,000,000 | 0% | held |
| 29 | VERTICAL AEROSPACE LTD | 1.0% | $7.1m | 4,100,000 | 21% | added | |
| 30 | EOSE EOS ENERGY ENTERPRISES INC | Industrials | 1.0% | $7.1m | 1,200,000 | – | new |
| 31 | RUN SUNRUN INC | Technology | 0.9% | $6.7m | 500,000 | 0% | held |
| 32 | PONY PONY AI INC | Technology | 0.9% | $6.6m | 950,000 | 0% | held |
| 33 | GSM FERROGLOBE PLC | Basic Materials | 0.9% | $6.4m | 2,000,000 | 0% | held |
| 34 | ISOENERGY LTD | 0.8% | $6.0m | 600,000 | -14% | reduced | |
| 35 | DNLI DENALI THERAPEUTICS INC | Healthcare | 0.7% | $5.1m | 200,000 | -67% | reduced |
| 36 | EVEX EVE HLDG INC | 0.7% | $5.0m | 2,000,000 | 0% | held | |
| 37 | LUCD LUCID DIAGNOSTICS INC | 0.6% | $4.3m | 4,000,000 | 0% | held | |
| 38 | SENS SENSEONICS HLDGS INC | 0.6% | $4.0m | 700,000 | 40% | added | |
| 39 | PLUG PLUG PWR INC | Industrials | 0.4% | $2.7m | 1,000,000 | 0% | held |
| 40 | WHEELS UP EXPERIENCE INC | 0.4% | $2.7m | 300,000 | – | new | |
| 41 | ITRG INTEGRA RES CORP | 0.3% | $2.3m | 1,000,000 | 0% | held | |
| 42 | STIM NEURONETICS INC | Healthcare | 0.2% | $1.3m | 1,000,000 | 0% | held |
What did Masters Capital Management LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| NOK NOKIA CORP | 30.3% | $16.1m |
| HUN HUNTSMAN CORP | 25.1% | $13.3m |
| FSLY FASTLY INC | 16.4% | $8.7m |
| LYFT LYFT INC | 12.5% | $6.7m |
| IAG IAMGOLD CORP | 10.6% | $5.6m |
| UP WHEELS UP EXPERIENCE INC | 3.9% | $2.1m |
| NFE NEW FORTRESS ENERGY INC | 1.1% | $590.0k |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 30.2% |
| Technology | 12.7% |
| Energy | 10.9% |
| Basic Materials | 6.6% |
| Consumer Cyclical | 6.5% |
| Healthcare | 4.1% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Masters Capital Management LLC's portfolio?
Across every quarter Masters Capital Management LLC has filed, its median largest position is 11.5% of the book and its median top-ten weight is 56.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 9.0 completed holding spells, the median lasted 1.0 quarters; 42.0 positions are still open and their final length is unknown.