Massar Capital Management, LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed November 14, 2025), Massar Capital Management, LP reported 111 stock positions worth $133.3 million. Its top holding was iShares MSCI Brazil ETF (EWZ) at 11.6% of the portfolio, followed by Mitsubishi Ufj Finl-Spon ADR (MUFG, 6.1%) and Sumitomo Mitsui-Spons ADR (SMFG, 5.7%). Compared with Q1 2025, it opened 58 new positions, sold out of 58, added to 15 and reduced 13. The biggest buy was a new position in Mitsubishi Ufj Finl-Spon ADR (MUFG) and the biggest sale an exit from iShares MSCI Mexico ETF (EWW).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0002037238
Portfolio Value
$133.3M (Q2 2025)
SEC Filing
0002037238-25-000005 ↗ filed Nov 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q4 2024: $87.9M Q4 2024 Q1 2025: $83.4M Q1 2025 Q2 2025: $133.3M $133.3M Q2 2025 Q3 2025: $279.2M Q3 2025 Q4 2025: $508.2M Q4 2025 Q1 2026: $501.0M Q1 2026 Q2 2026: $291.4M Q2 2026

Holdings 111 stocks · $133.3M
EWZ iShares MSCI Brazil ETF 11.58% 535,000 $15.4M No change
MUFG Mitsubishi Ufj Finl-Spon ADR 6.10% 592,500 $8.1M New
SMFG Sumitomo Mitsui-Spons ADR 5.67% 500,000 $7.6M New
INTC Intel Corp. 5.63% 335,200 $7.5M Add +123.5%
NPK National Presto Inds Inc. 3.68% 50,000 $4.9M New
UPS United Parcel Service Class B 3.57% 47,131 $4.8M Add +377.7%
OXY Occidental Petroleum Corp. 2.35% 74,500 $3.1M New
MAGS Roundhill Magnificent Seven 2.33% 56,000 $3.1M Reduce -42.9%
XBI SS SPDR S&P Biotech ETF 1.87% 30,000 $2.5M Add +25.0%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.78% 25,800 $2.4M New
CCIR Cohen Circle Acquisitio Class A 1.65% 200,000 $2.2M Reduce -16.7%
CCIX Churchill Capital Corp. Ix 1.62% 175,000 $2.2M New
STNE Stoneco Ltd. Class A 1.50% 125,000 $2.0M No change
RDW Redwire Corp. 1.46% 119,000 $1.9M New
MOS The Mosaic Co. 1.45% 52,800 $1.9M New
TACO Berto Acquisition Corp. 1.41% 180,000 $1.9M New
RTAC Renatus Tactical Acquisiti-A 1.33% 150,000 $1.8M New
HON Honeywell International Inc. 1.31% 7,500 $1.7M No change
IBIT iShares Bitcoin Trust ETF 1.29% 28,000 $1.7M Add +121.5%
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 1.22% 196,000 $1.6M New
JD Jd.com Inc.-ADR 1.21% 49,400 $1.6M New
FLR Fluor Corp. 1.11% 28,760 $1.5M New
GOOGL Alphabet Inc. Class A 1.06% 8,000 $1.4M Add +66.7%
MRVL Marvell Technology Inc. 0.93% 16,000 $1.2M New
CIB Grupo Cibest SA-ADR 0.90% 26,000 $1.2M No change
NE Noble Corp. PLC 0.90% 45,000 $1.2M No change
GSRT GSR III Acquisition Corp. 0.89% 110,000 $1.2M New
XGN Exagen Inc. 0.89% 170,000 $1.2M Add +715.7%
COLO Global X MSCI Colombia ETF 0.87% 40,000 $1.2M No change
BABA Alibaba Group Holding-SP ADR 0.85% 9,980 $1.1M Add +399.0%
MCGAU Yorkville Acquisition Corp. 0.84% 100,000 $1.1M New
IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP 0.83% 100,000 $1.1M New
AIRS Airsculpt Technologies Inc. 0.80% 220,150 $1.1M Add +686.3%
BA The Boeing Co. 0.79% 5,000 $1.0M Reduce -33.4%
ASML ASML Holding NV-NY Reg SHS 0.77% 1,275 $1.0M New
BLBD Blue Bird Corp. 0.74% 23,000 $993K No change
TKNO Alpha Teknova Inc. 0.74% 200,000 $982K Add +185.7%
PAAS Pan American Silver Corp. 0.74% 34,500 $980K New
RIVN Rivian Automotive Inc. Class A 0.72% 70,000 $962K Add +100.0%
UBER Uber Technologies Inc. 0.70% 10,000 $933K New
RTACU Renatus Tactical Acquisition 0.70% 73,000 $929K New
PALL Abrdn Physical Palladium SHS 0.68% 9,000 $905K No change
KMI Kinder Morgan Inc. 0.66% 30,000 $882K Reduce -11.5%
SCCO Southern Copper Corp. 0.65% 8,584 $868K Add +1.0%
CEPO Cantor Equity Partners I-A 0.64% 72,000 $857K New
LNG Cheniere Energy Inc. 0.64% 3,500 $852K Reduce -13.9%
BEAG Bold Eagle Acquisition Cor-A 0.63% 80,000 $838K New
CLPT Clearpoint Neuro Inc. 0.63% 70,000 $836K No change
CMA Comerica Inc. 0.62% 13,900 $829K New
STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC 0.62% 400,000 $820K Add +300.0%
CEPT Cantor Equity Partners Class A 0.58% 70,000 $772K New
STIM Neuronetics Inc. 0.58% 220,000 $768K Reduce -12.0%
SBXDF Silverbox Corp. IV-A 0.58% 70,000 $767K New
SU Suncor Energy Inc. 0.56% 20,000 $749K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.54% 100,000 $722K Reduce -67.7%
GEO The Geo Group Inc. 0.54% 30,000 $719K No change
TEM Tempus AI Inc. Class A 0.52% 11,000 $699K New
XPEV Xpeng Inc. - ADR 0.51% 38,300 $685K New
LEN Lennar Corp. Class A 0.50% 6,000 $664K No change
NOTVQ Inotiv Inc. 0.48% 350,000 $637K Add +133.3%
CEE Central and Eastern Europe F 0.47% 40,000 $621K No change
IONQ Ionq Inc. 0.45% 14,000 $602K New
QURE Uniqure NV 0.42% 40,000 $558K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.41% 40,000 $549K No change
ACHR Archer Aviation Inc. Class A 0.41% 50,000 $543K Reduce -73.7%
RDNT Radnet Inc. 0.38% 9,000 $512K New
FSLR First Solar Inc. 0.37% 3,000 $497K Reduce -32.0%
MRVI Maravai Lifesciences Hldgs-A 0.36% 200,000 $482K No change
FCX Freeport-McMoran Inc. 0.36% 11,000 $477K No change
VAL Valaris Ltd. 0.35% 11,000 $463K No change
GRVY Gravity Co. Ltd.-Sponsored ADR 0.33% 7,000 $446K No change
AR Antero Resources Corp. 0.33% 11,000 $443K Reduce -23.8%
APO Apollo Global Management Inc. 0.32% 3,000 $426K No change
TALK Talkspace Inc. 0.31% 150,000 $417K Add +32.9%
VALE Vale SA-SP ADR 0.29% 40,000 $388K No change
OM Outset Medical Inc. 0.29% 20,000 $384K New
VERA Vera Therapeutics Inc. 0.28% 16,000 $377K New
AVAL Grupo Aval Acciones Y Valore 0.27% 130,000 $365K No change
EC Ecopetrol SA-Sponsored ADR 0.27% 40,000 $354K No change
AGX Argan Inc. 0.26% 1,567 $345K New
PBR Petroleo Brasileiro-Spon ADR 0.26% 27,500 $344K No change
PCT Purecycle Technologies Inc. 0.26% 25,000 $343K No change
CLS Celestica Inc. 0.25% 2,170 $339K New
OUST Ouster Inc. 0.23% 12,500 $303K Reduce -75.0%
AMD Advanced Micro Devices 0.22% 2,100 $298K New
DDOG Datadog Inc. Class A 0.22% 2,217 $298K New
OPRX Optimizerx Corp. 0.22% 22,000 $297K New
CVNA Carvana Co. 0.21% 835 $281K New
ANGO Angiodynamics Inc. 0.21% 28,000 $278K New
INTU Intuit Inc. 0.20% 340 $268K New
MGNI Magnite Inc. 0.20% 11,000 $265K Reduce -65.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.20% 895 $264K New
TWLO Twilio Inc. Class A 0.20% 2,098 $261K New
CRWD CrowdStrike Holdings Inc. Class A 0.18% 464 $236K New
BEPC Brookfield Renewable Corp. 0.17% 7,000 $229K New
ECG Everus Construction Group 0.17% 3,511 $223K New
ANET Arista Networks Inc. 0.17% 2,170 $222K New
ESOA Energy Services of America 0.16% 21,986 $219K Reduce -3.0%
U Unity Software Inc. 0.16% 8,900 $215K New
GOOG Alphabet Inc. Class C 0.16% 1,200 $213K New
GWRE Guidewire Software Inc. 0.16% 879 $207K New
RKT Rocket Cos Inc. Class A 0.14% 12,740 $181K New
DEC Diversified Energy Co. PLC 0.11% 10,347 $152K New
LRMR Larimar Therapeutics Inc. 0.11% 51,556 $149K New
RZLT Rezolute Inc. 0.09% 28,155 $126K New
NGL NGL Energy Partners LP 0.09% 28,143 $120K Add +23.2%
ACOG Alpha Cognition Inc. 0.09% 12,433 $116K New
SLN Silence Therapeutics PLC-ADR 0.09% 19,863 $115K New
NUVB Nuvation Bio Inc. 0.08% 54,717 $107K New
CGEM Cullinan Therapeutics Inc. 0.08% 13,418 $101K New
ZIP Ziprecruiter Inc. Class A 0.07% 19,650 $98K New

Options reported separately and not counted above: NVDA calls ($569K).

Portfolio Sells Q1 2025 → Q2 2025
EWW iShares MSCI Mexico ETF Sold out 0.00% −9.22
MAGS Roundhill Magnificent Seven Reduce -42.9% 2.33% −3.06
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −1.88
CCIR Cohen Circle Acquisitio Class A Reduce -16.7% 1.65% −1.58
HWM Howmet Aerospace Inc. Sold out 0.00% −1.50
ACHR Archer Aviation Inc. Class A Reduce -73.7% 0.41% −1.21
SBSW Sibanye-Stillwater Ltd.-ADR Reduce -67.7% 0.54% −1.16
DIS The Walt Disney Co. Sold out 0.00% −0.95
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −0.94
ODD Oddity Tech Ltd. Class A Sold out 0.00% −0.88
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.86
LYFT LYFT Inc. Class A Sold out 0.00% −0.85
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.83
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.77
BA The Boeing Co. Reduce -33.4% 0.79% −0.75
BRO Brown & Brown Inc. Sold out 0.00% −0.73
VNM Vaneck Vietnam ETF Sold out 0.00% −0.72
COLOMBIER ACQUISITION CORP Sold out 0.00% −0.70
CORZ Core Scientific Inc. Sold out 0.00% −0.69
OSCR Oscar Health Inc. Class A Sold out 0.00% −0.64
EOG EOG Resources Inc. Sold out 0.00% −0.60
STIM Neuronetics Inc. Reduce -12.0% 0.58% −0.53
KMI Kinder Morgan Inc. Reduce -11.5% 0.66% −0.50
LNG Cheniere Energy Inc. Reduce -13.9% 0.64% −0.49
TDOC Teladoc Health Inc. Sold out 0.00% −0.46
SOC Sable Offshore Corp. Sold out 0.00% −0.46
CRM Salesforce Inc. Sold out 0.00% −0.45
AIR Aar Corp. Sold out 0.00% −0.40
AR Antero Resources Corp. Reduce -23.8% 0.33% −0.37
MNDY Monday.com Ltd. Sold out 0.00% −0.36
QTRX Quanterix Corp. Sold out 0.00% −0.36
BCH Banco DE Chile-ADR Sold out 0.00% −0.35
GENI Genius Sports Ltd. Sold out 0.00% −0.35
OUST Ouster Inc. Reduce -75.0% 0.23% −0.31
THC Tenet Healthcare Corp. Sold out 0.00% −0.30
ENPH Enphase Energy Inc. Sold out 0.00% −0.30
FSLR First Solar Inc. Reduce -32.0% 0.37% −0.30
CVRX CVRX Inc. Sold out 0.00% −0.29
AMSC American Superconductor Corp. Sold out 0.00% −0.29
CRL Charles River Laboratories Sold out 0.00% −0.29
SRAD Sportradar Group AG-A Sold out 0.00% −0.29
FOA Finance of America Cos Inc. Class A Sold out 0.00% −0.28
CTSH Cognizant Tech Solutions-A Sold out 0.00% −0.28
LBRT Liberty Energy Inc. Sold out 0.00% −0.26
ARQT Arcutis Biotherapeutics Inc. Sold out 0.00% −0.26
PCRX Pacira Biosciences Inc. Sold out 0.00% −0.25
HQY Healthequity Inc. Sold out 0.00% −0.25
Z Zillow Group Inc. Class C Sold out 0.00% −0.25
MGNI Magnite Inc. Reduce -65.8% 0.20% −0.24
CERT Certara Inc. Sold out 0.00% −0.23

Portfolio Buys Q1 2025 → Q2 2025
MUFG Mitsubishi Ufj Finl-Spon ADR New 6.10% +6.10
SMFG Sumitomo Mitsui-Spons ADR New 5.67% +5.67
NPK National Presto Inds Inc. New 3.68% +3.68
OXY Occidental Petroleum Corp. New 2.35% +2.35
UPS United Parcel Service Class B Add +377.7% 3.57% +2.27
CF CF Industries Holdings Inc. New 1.78% +1.78
CCIX Churchill Capital Corp. Ix New 1.62% +1.62
INTC Intel Corp. Add +123.5% 5.63% +1.55
RDW Redwire Corp. New 1.46% +1.46
MOS The Mosaic Co. New 1.45% +1.45
TACO Berto Acquisition Corp. New 1.41% +1.41
RTAC Renatus Tactical Acquisiti-A New 1.33% +1.33
VISN Vistance Networks Inc. New 1.22% +1.22
JD Jd.com Inc.-ADR New 1.21% +1.21
FLR Fluor Corp. New 1.11% +1.11
MRVL Marvell Technology Inc. New 0.93% +0.93
GSRT GSR III Acquisition Corp. New 0.89% +0.89
MCGAU Yorkville Acquisition Corp. New 0.84% +0.84
IMSR Terrestrial Energy Inc. New 0.83% +0.83
XGN Exagen Inc. Add +715.7% 0.89% +0.80
ASML ASML Holding NV-NY Reg SHS New 0.77% +0.77
PAAS Pan American Silver Corp. New 0.74% +0.74
AIRS Airsculpt Technologies Inc. Add +686.3% 0.80% +0.72
UBER Uber Technologies Inc. New 0.70% +0.70
RTACU Renatus Tactical Acquisition New 0.70% +0.70
CEPO Cantor Equity Partners I-A New 0.64% +0.64
BEAG Bold Eagle Acquisition Cor-A New 0.63% +0.63
CMA Comerica Inc. New 0.62% +0.62
CEPT Cantor Equity Partners Class A New 0.58% +0.58
IBIT iShares Bitcoin Trust ETF Add +121.5% 1.29% +0.58
SBXDF Silverbox Corp. IV-A New 0.58% +0.58
BABA Alibaba Group Holding-SP ADR Add +399.0% 0.85% +0.53
TEM Tempus AI Inc. Class A New 0.52% +0.52
XPEV Xpeng Inc. - ADR New 0.51% +0.51
STLN Starling Oncology Inc. Add +300.0% 0.62% +0.48
IONQ Ionq Inc. New 0.45% +0.45
RDNT Radnet Inc. New 0.38% +0.38
TKNO Alpha Teknova Inc. Add +185.7% 0.74% +0.30
OM Outset Medical Inc. New 0.29% +0.29
VERA Vera Therapeutics Inc. New 0.28% +0.28
AGX Argan Inc. New 0.26% +0.26
CLS Celestica Inc. New 0.25% +0.25
AMD Advanced Micro Devices New 0.22% +0.22
DDOG Datadog Inc. Class A New 0.22% +0.22
OPRX Optimizerx Corp. New 0.22% +0.22
CVNA Carvana Co. New 0.21% +0.21
ANGO Angiodynamics Inc. New 0.21% +0.21
INTU Intuit Inc. New 0.20% +0.20
RIVN Rivian Automotive Inc. Class A Add +100.0% 0.72% +0.20
IBM Intl Business Machines Corp. New 0.20% +0.20

Options Activity Q1 2025 → Q2 2025
GLD SPDR Gold Shares call Sold out 21,000 $6.1Mbefore exit
NVDA Nvidia Corp. call New 3,600 $569K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 246$291.4MEWZ, IGV, MELI, VIAV, ONTO
Q1 2026 230$501.0MJD, QQQ, KWEB, MELI, PYPL
Q4 2025 292$508.2MBABA, ORCL, XYZ, EWZ, COIN
Q3 2025 157$279.2MUPS, EWZ, GTLB, ETH, IBIT
Q2 2025Amended 111$133.3MEWZ, MUFG, SMFG, INTC, NPK
Q1 2025 111$83.4MEWZ, EWW, MAGS, INTC, CCIR
Q4 2024 47$87.9MMRNA, ILMN, TKO, UTHR, USFD