Masters Capital Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Masters Capital Management LLC disclosed 43 US equity positions worth $723.1m in its Q4 2025 13F filing. The largest position was DAL at 9.6% of the reported book, followed by MHK and FLR. Against the Q3 2025 filing, it opened 7 new positions, added to 13 and reduced 4 among the top 43 holdings.
What did Masters Capital Management LLC own in Q4 2025? Top 43 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | DAL DELTA AIR LINES INC DEL | Industrials | 9.6% | $69.4m | 1,000,000 | 0% | held |
| 2 | MHK MOHAWK INDS INC | Consumer Cyclical | 6.0% | $43.7m | 400,000 | 300% | added |
| 3 | FLR FLUOR CORP NEW | Industrials | 6.0% | $43.6m | 1,100,000 | 10% | added |
| 4 | ASTS AST SPACEMOBILE INC | Technology | 5.0% | $36.3m | 500,000 | 0% | held |
| 5 | REAL THE REALREAL INC | Consumer Cyclical | 4.4% | $31.6m | 2,000,000 | 100% | added |
| 6 | NOV NOV INC | Energy | 4.3% | $31.3m | 2,000,000 | 0% | held |
| 7 | VYX NCR VOYIX CORPORATION | Technology | 4.2% | $30.6m | 3,000,000 | 43% | added |
| 8 | UPS UNITED PARCEL SERVICE INC | Industrials | 4.1% | $29.8m | 300,000 | 0% | held |
| 9 | BCS BARCLAYS PLC | Financial Services | 3.5% | $25.4m | 1,000,000 | 0% | held |
| 10 | HONGBP HONEYWELL INTL INC | 2.7% | $19.5m | 100,000 | – | new | |
| 11 | DCH AMERICAN AXLE & MFG HLDGS IN | Consumer Cyclical | 2.7% | $19.2m | 3,000,000 | 150% | added |
| 12 | EMN EASTMAN CHEM CO | Basic Materials | 2.6% | $19.1m | 300,000 | -40% | reduced |
| 13 | BWAY BRAINSWAY LTD | 2.6% | $19.0m | 1,000,000 | 0% | held | |
| 14 | NXE NEXGEN ENERGY LTD | Energy | 2.5% | $18.4m | 2,000,000 | 0% | held |
| 15 | LION LIONSGATE STUDIOS CORP | 2.5% | $18.3m | 2,000,000 | 0% | held | |
| 16 | PONY PONY AI INC | Technology | 2.4% | $17.4m | 1,200,000 | 20% | added |
| 17 | FTK FLOTEK INDS INC DEL | 2.4% | $17.2m | 1,000,000 | 0% | held | |
| 18 | DNLI DENALI THERAPEUTICS INC | Healthcare | 2.3% | $16.5m | 1,000,000 | 33% | added |
| 19 | DOW DOW INC | Basic Materials | 2.3% | $16.4m | 700,000 | 40% | added |
| 20 | BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 2.2% | $16.2m | 300,000 | 50% | added |
| 21 | ENVX ENOVIX CORPORATION | Industrials | 2.0% | $14.6m | 2,000,000 | 0% | held |
| 22 | OLN OLIN CORP | Basic Materials | 2.0% | $14.6m | 700,000 | 27% | added |
| 23 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 1.8% | $13.3m | 1,000,000 | -50% | reduced |
| 24 | NOK NOKIA CORP | 1.8% | $12.9m | 2,000,000 | – | new | |
| 25 | BORR BORR DRILLING LTD | Energy | 1.6% | $11.7m | 2,900,000 | -3% | reduced |
| 26 | AAUC ALLIED GOLD CORP | 1.6% | $11.4m | 500,000 | – | new | |
| 27 | TLS TELOS CORP MD | 1.5% | $10.7m | 2,100,000 | 5% | added | |
| 28 | VERTICAL AEROSPACE LTD | 1.5% | $10.7m | 2,000,000 | – | new | |
| 29 | HUN HUNTSMAN CORP | Basic Materials | 1.4% | $10.0m | 1,000,000 | – | new |
| 30 | GPRE GREEN PLAINS INC | Basic Materials | 1.4% | $9.8m | 1,000,000 | 0% | held |
| 31 | GSM FERROGLOBE PLC | Basic Materials | 1.3% | $9.3m | 2,000,000 | 0% | held |
| 32 | AOMR ANGEL OAK MORTGAGE REIT INC | 1.2% | $8.6m | 1,000,000 | 0% | held | |
| 33 | CE CELANESE CORP DEL | Basic Materials | 1.2% | $8.5m | 200,000 | 100% | added |
| 34 | EVEX EVE HLDG INC | 1.2% | $8.4m | 2,100,000 | -31% | reduced | |
| 35 | ACHR ARCHER AVIATION INC | 1.0% | $7.5m | 999,600 | -0% | held | |
| 36 | CELH CELSIUS HLDGS INC | Consumer Defensive | 0.6% | $4.6m | 100,000 | – | new |
| 37 | LUCD LUCID DIAGNOSTICS INC | 0.6% | $4.4m | 4,000,000 | 0% | held | |
| 38 | RIG TRANSOCEAN LTD | Energy | 0.6% | $4.1m | 1,000,000 | 0% | held |
| 39 | UP WHEELS UP EXPERIENCE INC | 0.5% | $3.3m | 5,000,000 | 400% | added | |
| 40 | PLUG PLUG POWER INC | Industrials | 0.3% | $2.0m | 1,000,000 | 0% | held |
| 41 | STIM NEURONETICS INC | Healthcare | 0.2% | $1.4m | 1,000,000 | 0% | held |
| 42 | SENS SENSEONICS HLDGS INC | 0.2% | $1.4m | 249,998 | – | new | |
| 43 | NFE NEW FORTRESS ENERGY INC | Energy | 0.2% | $1.1m | 1,000,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.