Massar Capital Management, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Massar Capital Management, LP reported 230 stock positions worth $501.0 million. Its top holding was Jd.com Inc.-ADR (JD) at 10.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 8.7%) and Kranesh Csi China Internet (KWEB, 6.5%). Compared with Q4 2025, it opened 112 new positions, sold out of 174, added to 30 and reduced 24. The biggest buy was Jd.com Inc.-ADR (JD, shares +1529%) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0002037238
- Portfolio Value
- $501.0M (Q1 2026)
- SEC Filing
- 0002037238-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 230 stocks · $501.0M
| JD Jd.com Inc.-ADR | 10.59% | 1,794,680 | $53.1M | Add +1528.6% |
| QQQ Invesco QQQ Trust Series 1 | 8.69% | 75,385 | $43.5M | Add +1332.1% |
| KWEB Kranesh Csi China Internet | 6.53% | 1,150,572 | $32.7M | New |
| MELI MercadoLibre Inc. | 6.28% | 18,200 | $31.5M | Add +961.2% |
| PYPL PayPal Holdings Inc. | 1.98% | 219,463 | $9.9M | Add +1263.9% |
| AMZN Amazon.com Inc. | 1.94% | 46,717 | $9.7M | Add +54.2% |
| IBIT iShares Bitcoin Trust ETF | 1.92% | 250,000 | $9.6M | Add +374.4% |
| EWZ iShares MSCI Brazil ETF | 1.80% | 235,000 | $9.0M | Reduce -56.1% |
| MOS The Mosaic Co. | 1.67% | 328,658 | $8.4M | New |
| NLR Vaneck Urani & Nuclr ETF-Usd | 1.63% | 61,134 | $8.1M | New |
| QURE Uniqure NV | 1.39% | 426,029 | $7.0M | Add +951.2% |
| MP MP Materials Corp. | 1.36% | 140,800 | $6.8M | No change |
| BABA Alibaba Group Holding-SP ADR | 1.29% | 51,540 | $6.5M | Reduce -85.5% |
| META Meta Platforms Inc. Class A | 1.27% | 11,118 | $6.4M | Add +226.0% |
| SMFG Sumitomo Mitsui-Spons ADR | 1.26% | 320,000 | $6.3M | No change |
| MOH Molina Healthcare Inc. | 1.26% | 47,271 | $6.3M | New |
| HRL Hormel Foods Corp. | 1.22% | 269,200 | $6.1M | Add +479.9% |
| MFG Mizuho Financial Group-ADR | 1.03% | 650,000 | $5.2M | No change |
| ETH Grayscale Ethereum Staking M | 1.01% | 255,000 | $5.1M | Reduce -28.5% |
| MSFT Microsoft Corp. | 0.97% | 13,183 | $4.9M | New |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.95% | 280,000 | $4.8M | No change |
| URA Global X Uranium ETF | 0.94% | 97,500 | $4.7M | No change |
| INTC Intel Corp. | 0.89% | 101,038 | $4.5M | Add +46.7% |
| ERO Ero Copper Corp. | 0.87% | 164,131 | $4.4M | Add +41.8% |
| QQQI Neos Nasdaq-100 High Inc. ETF | 0.83% | 83,390 | $4.1M | New |
| SPYI Neos S&P 500 High Income ETF | 0.81% | 82,483 | $4.1M | New |
| TTWO Take-Two Interactive Softwre | 0.75% | 18,922 | $3.7M | New |
| CRK Comstock Resources Inc. | 0.74% | 176,870 | $3.7M | New |
| ECH iShares MSCI Chile ETF | 0.73% | 91,698 | $3.6M | Add +22.3% |
| UUUU Energy Fuels Inc. | 0.70% | 192,020 | $3.5M | No change |
| NET Cloudflare Inc. Class A | 0.69% | 16,632 | $3.4M | Add +807.9% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.66% | 73,696 | $3.3M | New |
| PAAS Pan American Silver Corp. | 0.65% | 60,010 | $3.3M | New |
| GOOGL Alphabet Inc. Class A | 0.63% | 11,057 | $3.2M | Add +38.2% |
| HON Honeywell International Inc. | 0.63% | 14,059 | $3.2M | Reduce -48.4% |
| CDE Coeur Mining Inc. | 0.63% | 168,307 | $3.2M | New |
| SLM SLM Corp. | 0.63% | 147,392 | $3.2M | New |
| CPNG Coupang Inc. | 0.57% | 151,210 | $2.9M | New |
| RTAC Renatus Tactical Acquisiti-A | 0.57% | 277,028 | $2.8M | Add +52.6% |
| SSO Proshares Ultra S&P500 | 0.56% | 53,880 | $2.8M | Add +610.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.56% | 28,847 | $2.8M | No change |
| NIKL Sprott Nickel Miners ETF | 0.53% | 164,657 | $2.6M | New |
| HOOD Robinhood Markets Inc. Class A | 0.51% | 36,848 | $2.6M | New |
| DOW Dow Inc. filed as DOW HLDGS INC | 0.49% | 58,957 | $2.5M | New |
| IPI Intrepid Potash Inc. | 0.48% | 55,798 | $2.4M | New |
| LYB Lyondellbasell Indu Class A | 0.47% | 29,478 | $2.4M | New |
| CLBT Cellebrite Di Ltd. | 0.46% | 168,448 | $2.3M | New |
| STVN Stevanato Group SPA | 0.46% | 168,448 | $2.3M | New |
| ECVT Ecovyst Inc. | 0.46% | 178,976 | $2.3M | New |
| BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED | 0.46% | 31,584 | $2.3M | New |
| WBI Waterbridge Infrastruc Class A | 0.45% | 84,224 | $2.3M | New |
| VIAV Viavi Solutions Inc. | 0.44% | 65,994 | $2.2M | New |
| MOO Vaneck Agribusiness ETF | 0.43% | 25,267 | $2.1M | New |
| SG Sweetgreen Inc. Class A | 0.43% | 411,000 | $2.1M | No change |
| ZM Zoom Communications Inc. | 0.42% | 26,320 | $2.1M | New |
| GEV GE Vernova Inc. | 0.42% | 2,391 | $2.1M | Add +288.1% |
| RBLX Roblox Corp. Class A | 0.41% | 36,453 | $2.1M | New |
| CF CF Industries Holdings Inc. | 0.41% | 15,792 | $2.1M | New |
| SEDG Solaredge Technologies Inc. | 0.41% | 40,006 | $2.0M | New |
| FSLR First Solar Inc. | 0.40% | 10,212 | $2.0M | New |
| SDS Proshares Ultrashort S&P500 | 0.40% | 26,334 | $2.0M | Add +124.7% |
| AEXA American Exceptionalism Class A | 0.39% | 178,976 | $1.9M | Add +13.3% |
| GTLB Gitlab Inc. Class A | 0.38% | 87,346 | $1.9M | Add +36.8% |
| CLPT Clearpoint Neuro Inc. | 0.38% | 206,970 | $1.9M | Add +17.4% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.38% | 25,360 | $1.9M | No change |
| RBRK Rubrik Inc. Class A | 0.37% | 37,910 | $1.9M | Add +25.6% |
| VOO Vanguard S&P 500 ETF | 0.37% | 3,091 | $1.8M | New |
| TACO Berto Acquisition Corp. | 0.37% | 180,000 | $1.8M | No change |
| KOID Kraneshares Global Humanoid | 0.34% | 55,000 | $1.7M | No change |
| NWAX.U New America Acquisition I Co. | 0.33% | 157,920 | $1.6M | Add +50.0% |
| LB Landbridge Co. LLC-A | 0.32% | 23,162 | $1.6M | New |
| ASST Strive Inc. Class A | 0.32% | 157,875 | $1.6M | New |
| SE Sea Ltd.-ADR | 0.31% | 18,950 | $1.6M | New |
| UBER Uber Technologies Inc. | 0.30% | 21,056 | $1.5M | New |
| EVLV Evolv Technologies Holdings | 0.29% | 242,500 | $1.5M | No change |
| DLO Dlocal Ltd. | 0.28% | 109,492 | $1.4M | New |
| GGAL Grupo Financiero Galicia-ADR | 0.28% | 30,000 | $1.4M | No change |
| JMIA Jumia Technologies AG-ADR | 0.27% | 198,495 | $1.4M | No change |
| ECO Okeanis Eco Tankers Corp. | 0.27% | 26,320 | $1.3M | New |
| MCGAU Yorkville Acquisition Corp. | 0.27% | 130,000 | $1.3M | No change |
| CSANY Cosan SA -ADR | 0.25% | 300,172 | $1.2M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 1,880 | $1.2M | Add +14.1% |
| STNE Stoneco Ltd. Class A | 0.24% | 85,000 | $1.2M | No change |
| CCIX Churchill Capital Corp. Ix | 0.23% | 110,000 | $1.2M | No change |
| CDZI Cadiz Inc. | 0.22% | 225,612 | $1.1M | No change |
| TVA Texas Ventures Acquisition-A | 0.22% | 106,584 | $1.1M | Add +1.5% |
| NOW ServiceNow Inc. | 0.21% | 9,945 | $1.0M | Add +85.9% |
| NFLX Netflix Inc. | 0.20% | 10,528 | $1.0M | New |
| SBXDF Silverbox Corp. IV-A | 0.20% | 94,600 | $1.0M | No change |
| PBW Invesco Wilderhill Clean Ene | 0.20% | 31,584 | $997K | New |
| LNG Cheniere Energy Inc. | 0.20% | 3,500 | $993K | No change |
| ACH Accendra Health Inc. | 0.19% | 421,120 | $960K | New |
| TRIP Tripadvisor Inc. | 0.19% | 90,000 | $959K | No change |
| CIB Grupo Cibest SA-ADR | 0.19% | 13,000 | $947K | Reduce -50.0% |
| VNOM Viper Energy Inc. Class A | 0.19% | 19,898 | $935K | New |
| LEU Centrus Energy Corp. Class A | 0.18% | 5,308 | $921K | New |
| QLD Proshares Ultra QQQ | 0.18% | 14,454 | $882K | Add +140.9% |
| MAA Mid-America Apartment Comm | 0.18% | 7,200 | $879K | No change |
| DDM Proshares Ultra DOW30 | 0.17% | 16,702 | $869K | New |
| RNG Ringcentral Inc. Class A | 0.17% | 23,162 | $861K | New |
Options reported separately and not counted above: XOP puts ($181.8M), HYG puts ($67.8M), XOM puts ($37.2M), WMT puts ($33.5M), EA puts ($22.2M), QQQ calls ($16.4M), QQQ puts ($16.4M), GS puts ($12.7M), JPM puts ($12.0M), AAPL puts ($11.6M), IBM puts ($10.2M), XLF calls ($5.2M), and 4 more.
Portfolio Sells Q4 2025 → Q1 2026
| BABA Alibaba Group Holding-SP ADR | Reduce -85.5% | 1.29% | −8.99 |
| ORCL Oracle Corp. | Sold out | 0.00% | −4.77 |
| XYZ Block Inc. | Sold out | 0.00% | −4.50 |
| COIN Coinbase Global Inc. Class A | Reduce -95.0% | 0.13% | −3.17 |
| MSTR Strategy Inc. | Sold out | 0.00% | −3.02 |
| MARA Mara Holdings Inc. | Reduce -96.5% | 0.09% | −2.79 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −2.42 |
| EWZ iShares MSCI Brazil ETF | Reduce -56.1% | 1.80% | −1.54 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −1.13 |
| KBWB Invesco KBW Bank ETF | Sold out | 0.00% | −1.01 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.97 |
| ETH Grayscale Ethereum Staking M | Reduce -28.5% | 1.01% | −0.96 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.92 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.85 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.76 |
| PWR Quanta Services Inc. | Reduce -92.2% | 0.08% | −0.69 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.69 |
| BHVN Biohaven Ltd. | Sold out | 0.00% | −0.55 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.53 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.51 |
| NSC Norfolk Southern Corp. | Reduce -86.5% | 0.08% | −0.50 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.49 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.47 |
| QXO Qxo Inc. | Sold out | 0.00% | −0.46 |
| SMLR Semler Scientific Inc. | Sold out | 0.00% | −0.45 |
| GLW Corning Inc. | Sold out | 0.00% | −0.45 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.42 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.42 |
| HON Honeywell International Inc. | Reduce -48.4% | 0.63% | −0.41 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.41 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.36 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Sold out | 0.00% | −0.36 |
| UROY Uranium Royalty Corp. | Sold out | 0.00% | −0.33 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.33 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.32 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.32 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.31 |
| WAT Waters Corp. | Sold out | 0.00% | −0.31 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.31 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.31 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −0.31 |
| TSEM Tower Semiconductor Ltd. | Sold out | 0.00% | −0.31 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.31 |
| EVRG Evergy Inc. | Sold out | 0.00% | −0.31 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.31 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.31 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.30 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.30 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.30 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.30 |
Portfolio Buys Q4 2025 → Q1 2026
| JD Jd.com Inc.-ADR | Add +1528.6% | 10.59% | +9.97 |
| QQQ Invesco QQQ Trust Series 1 | Add +1332.1% | 8.69% | +8.05 |
| KWEB Kranesh Csi China Internet | New | 6.53% | +6.53 |
| MELI MercadoLibre Inc. | Add +961.2% | 6.28% | +5.60 |
| PYPL PayPal Holdings Inc. | Add +1263.9% | 1.98% | +1.80 |
| MOS The Mosaic Co. | New | 1.67% | +1.67 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 1.63% | +1.63 |
| IBIT iShares Bitcoin Trust ETF | Add +374.4% | 1.92% | +1.40 |
| MOH Molina Healthcare Inc. | New | 1.26% | +1.26 |
| QURE Uniqure NV | Add +951.2% | 1.39% | +1.20 |
| HRL Hormel Foods Corp. | Add +479.9% | 1.22% | +1.00 |
| MSFT Microsoft Corp. | New | 0.97% | +0.97 |
| QQQI Neos Nasdaq-100 High Inc. ETF | New | 0.83% | +0.83 |
| META Meta Platforms Inc. Class A | Add +226.0% | 1.27% | +0.83 |
| SPYI Neos S&P 500 High Income ETF | New | 0.81% | +0.81 |
| TTWO Take-Two Interactive Softwre | New | 0.75% | +0.75 |
| CRK Comstock Resources Inc. | New | 0.74% | +0.74 |
| MRX Marex UK Holdings Ltd. | New | 0.66% | +0.66 |
| PAAS Pan American Silver Corp. | New | 0.65% | +0.65 |
| CDE Coeur Mining Inc. | New | 0.63% | +0.63 |
| SLM SLM Corp. | New | 0.63% | +0.63 |
| NET Cloudflare Inc. Class A | Add +807.9% | 0.69% | +0.61 |
| CPNG Coupang Inc. | New | 0.57% | +0.57 |
| AMZN Amazon.com Inc. | Add +54.2% | 1.94% | +0.57 |
| NIKL Sprott Nickel Miners ETF | New | 0.53% | +0.53 |
| HOOD Robinhood Markets Inc. Class A | New | 0.51% | +0.51 |
| DOW Dow Inc. | New | 0.49% | +0.49 |
| IPI Intrepid Potash Inc. | New | 0.48% | +0.48 |
| LYB Lyondellbasell Indu Class A | New | 0.47% | +0.47 |
| SSO Proshares Ultra S&P500 | Add +610.8% | 0.56% | +0.47 |
| CLBT Cellebrite Di Ltd. | New | 0.46% | +0.46 |
| STVN Stevanato Group SPA | New | 0.46% | +0.46 |
| ECVT Ecovyst Inc. | New | 0.46% | +0.46 |
| BHP BHP Group Ltd.-Spon ADR | New | 0.46% | +0.46 |
| WBI Waterbridge Infrastruc Class A | New | 0.45% | +0.45 |
| VIAV Viavi Solutions Inc. | New | 0.44% | +0.44 |
| MOO Vaneck Agribusiness ETF | New | 0.43% | +0.43 |
| ZM Zoom Communications Inc. | New | 0.42% | +0.42 |
| RBLX Roblox Corp. Class A | New | 0.41% | +0.41 |
| CF CF Industries Holdings Inc. | New | 0.41% | +0.41 |
| SEDG Solaredge Technologies Inc. | New | 0.41% | +0.41 |
| FSLR First Solar Inc. | New | 0.40% | +0.40 |
| INTC Intel Corp. | Add +46.7% | 0.89% | +0.39 |
| VOO Vanguard S&P 500 ETF | New | 0.37% | +0.37 |
| GEV GE Vernova Inc. | Add +288.1% | 0.42% | +0.34 |
| LB Landbridge Co. LLC-A | New | 0.32% | +0.32 |
| ASST Strive Inc. Class A | New | 0.32% | +0.32 |
| SE Sea Ltd.-ADR | New | 0.31% | +0.31 |
| UBER Uber Technologies Inc. | New | 0.30% | +0.30 |
| DLO Dlocal Ltd. | New | 0.28% | +0.28 |
Options Activity Q4 2025 → Q1 2026
| XOP SS SPDR S&P Og Exp & Prod | put | New | 1,000,000 | $181.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 852,800 | $67.8M |
| XOM Exxon Mobil Corp. | put | Add +100.0% | 219,200 | $37.2M |
| WMT Walmart Inc. | put | Add +142.1% | 269,500 | $33.5M |
| XYZ Block Inc. | call | Sold out | 456,500 | $29.7Mbefore exit |
| XYZ Block Inc. | put | Sold out | 456,500 | $29.7Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 337,000 | $29.4Mbefore exit |
| TLT iShares 20+ Year Treasury BD | put | Sold out | 290,000 | $25.3Mbefore exit |
| GLD SPDR Gold Shares | put | Sold out | 57,000 | $22.6Mbefore exit |
| EA Electronic Arts Inc. | put | New | 108,900 | $22.2M |
| CORZ Core Scientific Inc. | call | Sold out | 1,321,600 | $19.2Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 27,500 | $18.8Mbefore exit |
| CORZ Core Scientific Inc. | put | Sold out | 1,221,600 | $17.8Mbefore exit |
| COIN Coinbase Global Inc. Class A | call | Sold out | 73,900 | $16.7Mbefore exit |
| COIN Coinbase Global Inc. Class A | put | Sold out | 73,900 | $16.7Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -61.2% | 28,500 | $16.4M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 28,500 | $16.4M |
| MARA Mara Holdings Inc. | call | Sold out | 1,831,100 | $16.4Mbefore exit |
| MARA Mara Holdings Inc. | put | Sold out | 1,831,100 | $16.4Mbefore exit |
| MSTR Strategy Inc. | call | Sold out | 104,500 | $15.9Mbefore exit |
| MSTR Strategy Inc. | put | Sold out | 104,500 | $15.9Mbefore exit |
| GLD SPDR Gold Shares | call | Sold out | 18,500 | $7.3Mbefore exit |
| XLF SS Financial Select Sector | call | New | 105,300 | $5.2M |
| KWEB Kranesh Csi China Internet | call | New | 105,300 | $3.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 246 | $291.4M | EWZ, IGV, MELI, VIAV, ONTO |
| Q1 2026 | 230 | $501.0M | JD, QQQ, KWEB, MELI, PYPL |
| Q4 2025 | 292 | $508.2M | BABA, ORCL, XYZ, EWZ, COIN |
| Q3 2025 | 157 | $279.2M | UPS, EWZ, GTLB, ETH, IBIT |
| Q2 2025Amended | 111 | $133.3M | EWZ, MUFG, SMFG, INTC, NPK |
| Q1 2025 | 111 | $83.4M | EWZ, EWW, MAGS, INTC, CCIR |
| Q4 2024 | 47 | $87.9M | MRNA, ILMN, TKO, UTHR, USFD |