MASTERS CAPITAL MANAGEMENT LLC 13F Holdings

CIK 0001104186 · ATLANTA, GA

As of Sep 30, 2025, MASTERS CAPITAL MANAGEMENT LLC reported 64 positions worth $2.8B in its SEC Form 13F filing.

Top 25 holdings

SecurityTickerSectorSharesValue% of portfolio
SPDR S&P 500 ETF TRUSTSPY—1,000,000$666.2M24.14%
INTERNATIONAL BUSINESS MACHINES CORPIBMTechnology500,000 41.1M5.11%
DELTA AIR LINES INCDALIndustrials2,000,000 13.5M4.11%
EASTMAN CHEMICAL COEMNBasic Materials1,800,000 13.5M4.11%
GILEAD SCIENCES INCGILDHealthcare1,000,000 11.0M4.02%
UNITED PARCEL SERVICE INCUPSIndustrials1,300,000 08.6M3.93%
CITIGROUP INCCFinancial Services1,000,000 01.5M3.68%
CORNING INCGLWTechnology1,000,100$82.0M2.97%
FLUOR CORPFLRIndustrials1,700,000$71.5M2.59%
SLB LIMITEDSLBEquity2,000,000$68.7M2.49%
INTEL CORPINTCTechnology2,000,000$67.1M2.43%
ALCOA CORPAABasic Materials2,000,000$65.8M2.38%
GENERAL MOTORS COGMConsumer Cyclical1,000,000$61.0M2.21%
ARCHER-DANIELS-MIDLAND COADMConsumer Defensive1,000,000$59.7M2.16%
BRISTOL MYERS SQUIBB COBMYHealthcare1,200,000$54.1M1.96%
STATE STREET(R) SPDR(R) S&P(R) BIOTECH ETFXBI—500,000$50.1M1.82%
BORGWARNER INCBWAConsumer Cyclical1,000,000$44.0M1.59%
NUCOR CORPNUEBasic Materials300,000$40.6M1.47%
NOV INCNOVEnergy3,000,000$39.8M1.44%
FREEPORT-MCMORAN INCFCXBasic Materials1,000,000$39.2M1.42%
MOHAWK INDUSTRIES INCMHKConsumer Cyclical300,000$38.7M1.40%
DOW INCDOWBasic Materials1,500,000$34.4M1.25%
EXXON MOBIL CORPXOMEnergy300,000$33.8M1.23%
V F CORPVFCConsumer Cyclical2,000,000$28.9M1.05%
NCR VOYIX CORPVYXTechnology2,100,000$26.4M0.95%