Masters Capital Management 13F annual report
Masters Capital Management is an investment fund managing more than $508 billion ran by Mike Masters. There are currently 36 companies in Mr. Masters’s portfolio. The largest investments include NOV Inc and Fluor Corp New, together worth $77.9 billion.
$508 billion Assets Under Management (AUM)
As of 7th November 2023, Masters Capital Management’s top holding is 1,970,000 shares of NOV Inc currently worth over $41.2 billion and making up 8.1% of the portfolio value.
Relative to the number of outstanding shares of NOV Inc, Masters Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,000,000 shares of Fluor Corp New worth $36.7 billion.
The third-largest holding is Delta Air Lines worth $33.3 billion and the next is General Mtrs Co worth $33 billion, with 1,000,000 shares owned.
Currently, Masters Capital Management's portfolio is worth at least $508 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Masters Capital Management
The Masters Capital Management office and employees reside in Atlanta, Georgia. According to the last 13-F report filed with the SEC, Mike Masters serves as the Managing Member at Masters Capital Management.
Recent trades
In the most recent 13F filing, Masters Capital Management revealed that it had opened a new position in
General Mtrs Co and bought 1,000,000 shares worth $33 billion.
The investment fund also strengthened its position in Alcoa Corp by buying
50,000 additional shares.
This makes their stake in Alcoa Corp total 800,000 shares worth $23.2 billion.
Alcoa Corp dropped 49.0% in the past year.
On the other hand, there are companies that Masters Capital Management is getting rid of from its portfolio.
Masters Capital Management closed its position in Scotts Miracle-Gro on 14th November 2023.
It sold the previously owned 200,000 shares for $12.5 billion.
Mike Masters also disclosed a decreased stake in NOV Inc by approximately 0.1%.
This leaves the value of the investment at $41.2 billion and 1,970,000 shares.
One of the average hedge funds
The two most similar investment funds to Masters Capital Management are Sherborne Investors Management L.P. and Guoline Advisory Pte Ltd. They manage $507 billion and $507 billion respectively.
Mike Masters investment strategy
Masters Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Materials — making up 17.2% of
the total portfolio value.
The fund focuses on investments in the United States as
33.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
8% of the total holdings value.
On the other hand, small-cap stocks make up only 8.3% of the portfolio.
The average market cap of the portfolio companies is close to $4.89 billion.
The complete list of Masters Capital Management trades based on 13F SEC filings
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NOV Inc |
1.50%
1,970,000
|
$41,173,000,000 | 8.11% |
| Fluor Corp New |
No change
1,000,000
|
$36,700,000,000 | 7.23% |
| Delta Air Lines, Inc. |
10.00%
900,000
|
$33,300,000,000 | 6.56% |
| General Mtrs Co |
Opened
1,000,000
|
$32,970,000,000 | 6.49% |
| Cleveland-Cliffs Inc |
0.50%
1,990,000
|
$31,103,700,000 | 6.12% |
| Barclays plc |
21.40%
3,930,000
|
$30,614,700,000 | 6.03% |
| Ssr Mining In |
No change
2,300,000
|
$30,567,000,000 | 6.02% |
| Transocean Ltd |
1.33%
2,960,000
|
$24,301,600,000 | 4.78% |
| Alcoa Corp |
6.67%
800,000
|
$23,248,000,000 | 4.58% |
| Deutsche Bank A G |
50.38%
1,985,000
|
$21,815,150,000 | 4.30% |
| Lions Gate Entmnt Corp |
11.71%
2,290,000
|
$18,022,300,000 | 3.55% |
| V F Corp |
Opened
1,000,000
|
$17,670,000,000 | 3.48% |
| California Res Corp |
46.50%
293,000
|
$16,410,930,000 | 3.23% |
| Embraer S.A. |
8.50%
1,085,000
|
$14,886,200,000 | 2.93% |
| Enovix Corporation |
10.00%
1,100,000
|
$13,805,000,000 | 2.72% |
| Scotts Miracle-Gro Company |
Closed
200,000
|
$12,538,000,000 | |
| Green Plains Inc |
41.31%
400,000
|
$12,040,000,000 | 2.37% |
| Ferroglobe Plc |
30.17%
2,095,000
|
$10,894,000,000 | 2.14% |
| Perrigo Co Plc |
Opened
300,000
|
$9,585,000,000 | 1.89% |
| WW International Inc |
Opened
800,000
|
$8,856,000,000 | 1.74% |
| Goodyear Tire Rubr Co |
51.72%
700,000
|
$8,701,000,000 | 1.71% |
| Angel Oak Mortgage Reit Inc |
0.80%
992,000
|
$8,461,760,000 | 1.67% |
| Navitas Semiconductor Corp |
9.50%
1,095,000
|
$7,610,250,000 | 1.50% |
| Celestica, Inc. |
Opened
300,000
|
$7,356,000,000 | 1.45% |
| Telos Corp Md |
No change
3,000,000
|
$7,170,000,000 | 1.41% |
| Maxeon Solar Technologies Lt |
Closed
250,000
|
$7,040,000,000 | |
| Tetra Technologies, Inc. |
Opened
1,000,000
|
$6,380,000,000 | 1.26% |
| NexGen Energy Ltd |
Opened
1,000,000
|
$5,970,000,000 | 1.18% |
| Sequans Communications S.A |
No change
2,011,133
|
$5,691,506,000 | 1.12% |
| Lucid Group, Inc. |
Opened
995,000
|
$5,562,050,000 | 1.10% |
| Rivian Automotive, Inc. |
Closed
300,000
|
$4,998,000,000 | |
| Aspen Aerogels Inc. |
Opened
498,500
|
$4,287,100,000 | 0.84% |
| Senseonics Holdings Inc |
No change
7,000,000
|
$4,227,300,000 | 0.83% |
| Brainsway Ltd. |
No change
900,000
|
$3,636,000,000 | 0.72% |
| Pitney Bowes, Inc. |
Closed
1,000,000
|
$3,540,000,000 | |
| Flotek Inds Inc Del |
Opened
333,336
|
$1,476,678,000 | 0.29% |
| Flotek Inds Inc Del |
Closed
2,000,000
|
$1,468,000,000 | |
| Sonendo, Inc. |
No change
1,750,000
|
$1,305,150,000 | 0.26% |
| Greenbrook Tms Inc |
No change
3,427,272
|
$891,091,000 | 0.18% |
| Venus Concept Inc. |
No change
333,336
|
$653,339,000 | 0.13% |
| Asensus Surgical Inc |
No change
2,000,000
|
$540,000,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 41 holdings | |||
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