CIK: 0002037238
Total reported value
$934.2M
Reporting period: 2026-03-31 · Number of holdings: 246
Massar Capital Management, LP disclosed 246 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $934.2M and a quarterly turnover rate of 140.7%.
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Massar Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.061 — mathematically equivalent to about 16 equally-sized positions, well below its 246 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.73), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 44% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim TLT
-99.2% -$54.2M
Add JD
+1528.6% $49.9M
Trim COIN
-98.3% -$49.5M
Trim MARA
-98.9% -$47.1M
Trim BABA
-85.5% -$45.8M
Add MELI
+961.2% $28.0M
Showing top 200 holdings (of 246 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-Other | 19.46% | +19.46% | NEW | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 8.18% | +2.99% | +68.08% | |
| 3 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 7.26% | +7.26% | NEW | |
| 4 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 5.68% | +5.34% | +1528.57% | |
| 5 | XOM | Exxon Mobil CORP | Stock-Energy | 3.98% | +2.56% | +100.00% | |
| 6 | KWEB | Kranesh Csi China Internet | ETF-Emerging Markets | 3.82% | +3.82% | NEW | |
| 7 | WMT | Walmart INC | Stock-Consumer Staples | 3.59% | +2.26% | +142.14% | |
| 8 | MELI | Mercadolibre INC | Stock-Consumer Disc | 3.37% | +3.00% | +961.22% | |
| 9 | EA | Electronic Arts INC | Stock-Comm Services | 2.38% | +2.38% | NEW | |
| 10 | GS | Goldman Sachs Group INC | Stock-Financials | 1.36% | — | — | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.28% | — | — | |
| 12 | AAPL | Apple INC | Stock-Tech | 1.24% | — | — | |
| 13 | IBM | Intl Business Machines CORP | Stock-Tech | 1.09% | — | -3.38% | |
| 14 | PYPL | Paypal Holdings INC | Stock-Financials | 1.06% | +0.96% | +1263.89% | |
| 15 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.04% | — | +54.23% | |
| 16 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 1.03% | +0.75% | +374.42% | |
| 17 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 0.97% | -0.85% | -56.07% | |
| 18 | MOS | Mosaic Co/the | Stock-Materials | 0.90% | +0.90% | NEW | |
| 19 | NLR | Vaneck Urani & Nuclr Etf-usd | ETF-Other | 0.87% | +0.87% | NEW | |
| 20 | QURE | uniQure N.V. | Stock-Other | 0.75% | +0.65% | +951.17% | |
| 21 | MP | Mp Materials CORP | Stock-Materials | 0.73% | — | — | |
| 22 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.69% | -4.92% | -85.54% | |
| 23 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.68% | +0.44% | +226.04% | |
| 24 | SMFG | Sumitomo Mitsui-spons Adr | Stock-Financials | 0.68% | — | — | |
| 25 | MOH | Molina Healthcare INC | Stock-Healthcare | 0.67% | +0.67% | NEW | |
| 26 | HRL | Hormel Foods CORP | Stock-Consumer Staples | 0.65% | +0.53% | +479.90% | |
| 27 | XLF | Ss Financial Select Sector | ETF-Other | 0.56% | +0.56% | NEW | |
| 28 | MFG | Mizuho Financial Group-adr | Stock-Financials | 0.55% | — | — | |
| 29 | ETH | Grayscale Ethereum Staking M | ETF-Other | 0.54% | -0.53% | -28.54% | |
| 30 | MSFT | Microsoft CORP | Stock-Tech | 0.52% | +0.52% | NEW | |
| 31 | MUFG | Mitsubishi Ufj Finl-spon Adr | Stock-Financials | 0.51% | — | — | |
| 32 | URA | Global X Uranium ETF | ETF-Other | 0.51% | — | — | |
| 33 | INTC | Intel CORP | Stock-Tech | 0.48% | — | +46.68% | |
| 34 | ERO | Ero Copper CORP | Stock-Other | 0.47% | — | +41.82% | |
| 35 | QQQI | Neos Nasdaq-100 High INC ETF | ETF-Tech | 0.44% | +0.44% | NEW | |
| 36 | SPYI | Neos S&p 500 High Income ETF | ETF-Large Cap & Growth | 0.44% | +0.44% | NEW | |
| 37 | TTWO | Take-two Interactive Softwre | Stock-Comm Services | 0.40% | +0.40% | NEW | |
| 38 | CRK | Comstock Resources INC | Stock-Other | 0.40% | +0.40% | NEW | |
| 39 | ECH | Ishares Msci Chile ETF | ETF-Other | 0.39% | — | +22.26% | |
| 40 | UUUU | Energy Fuels INC | Stock-Energy | 0.38% | — | — | |
| 41 | NET | Cloudflare INC - Class A | Stock-Tech | 0.37% | +0.33% | +807.86% | |
| 42 | MRX | Marex Group plc | Stock-Other | 0.35% | +0.35% | NEW | |
| 43 | PAAS | Pan American Silver CORP | Stock-Materials | 0.35% | +0.35% | NEW | |
| 44 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.34% | — | +38.21% | |
| 45 | HON | Honeywell International INC | Stock-Industrials | 0.34% | — | -48.35% | |
| 46 | CDE | Coeur Mining INC | Stock-Materials | 0.34% | +0.34% | NEW | |
| 47 | SLM | Slm CORP | Stock-Financials | 0.34% | +0.34% | NEW | |
| 48 | CPNG | Coupang INC | Stock-Consumer Disc | 0.31% | +0.31% | NEW | |
| 49 | ✓ | Stock-Other | 0.30% | — | +52.56% | ||
| 50 | SSO | Proshares Ultra S&p500 | ETF-Other | 0.30% | — | +610.82% |
Performance for Q3 2026
+6.8%
Performance Last 4 Quarters
+25.2%
Based on 87% of reported portfolio value with available pricing
Massar Capital Management, LP's most significant position changes for 2026-03-31: New buy: Ss Spdr S&p Og Exp & Prod (XOP); Sold out: Block INC (XYZ); New buy: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); Sold out: Strategy INC (MSTR); Sold out: Core Scientific INC (CORZ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JD | Jd.com Inc-adr | +5.3% | +1528.57% | Add |
| 2 | MELI | Mercadolibre INC | +3% | +961.22% | Add |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +3% | +68.08% | Add |
| 4 | XOM | Exxon Mobil CORP | +2.6% | +100.00% | Add |
| 5 | WMT | Walmart INC | +2.3% | +142.14% | Add |
| 6 | PYPL | Paypal Holdings INC | +1% | +1263.89% | Add |
| 7 | IBIT | Ishares Bitcoin Trust ETF | +0.8% | +374.42% | Add |
| 8 | QURE | uniQure N.V. | +0.7% | +951.17% | Add |
| 9 | HRL | Hormel Foods CORP | +0.5% | +479.90% | Add |
| 10 | META | Meta Platforms Inc-class A | +0.4% | +226.04% | Add |
| 11 | NET | Cloudflare INC - Class A | +0.3% | +807.86% | Add |
| 12 | PWR | Quanta Services INC | -0.4% | -92.17% | Trim |
| 13 | ETH | Grayscale Ethereum Staking M | -0.5% | -28.54% | Trim |
| 14 | EWZ | Ishares Msci Brazil ETF | -0.9% | -56.07% | Trim |
| 15 | SPY | Ss Spdr S&p 500 ETF Trust-us | -2% | -93.55% | Trim |
| 16 | BABA | Alibaba Group Holding-sp Adr | -4.9% | -85.54% | Trim |
| 17 | MARA | Mara Holdings INC | -5.1% | -98.92% | Trim |
| 18 | COIN | Coinbase Global INC -class A | -5.3% | -98.34% | Trim |
| 19 | TLT | Ishares 20+ Year Treasury Bd | -5.8% | -99.23% | Trim |
| 20 | XOP | Ss Spdr S&p Og Exp & Prod | — | NEW | New buy |
| 21 | XYZ | Block INC | — | EXIT | Sold out |
| 22 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | — | NEW | New buy |
| 23 | MSTR | Strategy INC | — | EXIT | Sold out |
| 24 | CORZ | Core Scientific INC | — | EXIT | Sold out |
| 25 | KWEB | Kranesh Csi China Internet | — | NEW | New buy |
| 26 | GLD | Spdr Gold Shares | — | EXIT | Sold out |
| 27 | ORCL | Oracle CORP | — | EXIT | Sold out |
| 28 | EA | Electronic Arts INC | — | NEW | New buy |
| 29 | XLU | St Sr Utl Sl Se Spdr Etf-usd | — | EXIT | Sold out |
| 30 | MOS | Mosaic Co/the | — | NEW | New buy |
| 31 | NLR | Vaneck Urani & Nuclr Etf-usd | — | NEW | New buy |
| 32 | MOH | Molina Healthcare INC | — | NEW | New buy |
| 33 | UPS | United Parcel Service-cl B | — | EXIT | Sold out |
| 34 | XLF | Ss Financial Select Sector | — | NEW | New buy |
| 35 | KBWB | Invesco Kbw Bank ETF | — | EXIT | Sold out |
| 36 | LULU | Lululemon Athletica INC | — | EXIT | Sold out |
| 37 | MSFT | Microsoft CORP | — | NEW | New buy |
| 38 | TPL | Texas Pacific Land CORP | — | EXIT | Sold out |
| 39 | EFA | Ishares Msci Eafe ETF | — | EXIT | Sold out |
| 40 | QQQI | Neos Nasdaq-100 High INC ETF | — | NEW | New buy |
| 41 | SPYI | Neos S&p 500 High Income ETF | — | NEW | New buy |
| 42 | FISV | Fiserv INC | — | EXIT | Sold out |
| 43 | TTWO | Take-two Interactive Softwre | — | NEW | New buy |
| 44 | CRK | Comstock Resources INC | — | NEW | New buy |
| 45 | NE | Noble Corporation plc | — | EXIT | Sold out |
| 46 | MRX | Marex Group plc | — | NEW | New buy |
| 47 | PAAS | Pan American Silver CORP | — | NEW | New buy |
| 48 | CDE | Coeur Mining INC | — | NEW | New buy |
| 49 | SLM | Slm CORP | — | NEW | New buy |
| 50 | CPNG | Coupang INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-11-14 | Amendment | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
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