MKP Capital Management, L.L.C.
CIK 1534949 · View on SEC EDGAR ↗
- Portfolio value
- $3.7B
- Positions
- 24
- As of
- June 30, 2026
#1,004 of 9,443 by 13F value · top 10.6%
Portfolio value QoQ: +21.5% 13F does not disclose cash
- Top 10 holdings weight
- 93.16%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 11
- Effective number of positions
- 6.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 32.79% Est. buys $1,430,925,657 · sells $1,104,988,627
Median holding: 1.0 quarters Tracked Q4 2024–Q2 2026 · 40.0% still held
- New positions
- 17
- Increased
- 2
- Decreased
- 5
- Closed
- 12
Put-notional exposure: 0.9% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Financials
16.2%
Technology
5.3%
Financial Services
3.2%
Retail
1.4%
Consumer Discretionary
0.8%
Industrials
0.1%
Other/Unmapped
73.0%
Full portfolio 24 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPYM | $1,023,837,152 | 27.69% | 11,650,400 | $-22,594,766 | Down ×1 | ||
| IVV | $883,222,893 | 23.89% | 1,179,376 | $-174,314,952 | Down ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $465,790,590 | 12.60% | 1,423,000 | $417,254,190 | Up ×1 | ||
| RSP | $384,262,620 | 10.39% | 1,806,000 | ||||
| BRKB | $202,908,145 | 5.49% | 405,500 | $-3,195,775 | Down ×1 | ||
| C Citigroup, Inc. Common Stock | $131,842,320 | 3.57% | 942,000 | ||||
| MSFT Microsoft Corporation - Common Stock | $127,759,350 | 3.46% | 342,500 | ||||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $118,330,290 | 3.20% | 117,000 | Up ×1 | |||
| GDX GDX | $53,758,125 | 1.45% | 712,500 | $35,679,435 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $52,393,091 | 1.42% | 219,825 | $-23,035,014 | Down ×1 | ||
| XLI XLI | $38,435,225 | 1.04% | 207,500 | Up ×1 | |||
| MSFT Microsoft Corporation - Common Stock | $35,362,296 | 0.96% | 94,800 | Call option | Up ×1 | ||
| EWZ | $34,845,000 | 0.94% | 1,010,000 | $-6,347,470 | Down ×2 | ||
| GDX GDX | $33,778,335 | 0.91% | 51,500 | Put option | Up ×1 | ||
| SMH SMH | $28,793,571 | 0.78% | 43,900 | Up ×1 | |||
| NVDA NVIDIA Corporation - Common Stock | $20,809,360 | 0.56% | 104,000 | ||||
| EWJ | $14,857,911 | 0.40% | 159,300 | Up ×1 | |||
| VFLO VictoryShares Free Cash Flow ETF | $10,019,250 | 0.27% | 219,000 | Up ×1 | |||
| INDA | $9,976,780 | 0.27% | 202,000 | Up ×1 | |||
| AVGO Broadcom Inc. - Common Stock | $9,066,000 | 0.25% | 24,000 | Up ×1 | |||
| EWY | $8,731,771 | 0.24% | 43,248 | Up ×1 | |||
| CRDO Credo Technology Group Holding Ltd - Ordinary Shares | $2,841,878 | 0.08% | 10,450 | Up ×1 | |||
| VRT Vertiv Holdings, LLC Class A Common Stock | $2,745,524 | 0.07% | 8,200 | Up ×1 | |||
| GEV GE Vernova Inc. Common Stock | $2,637,561 | 0.07% | 2,245 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| RSP | $384,262,620 | 1,806,000 | 10.39% |
| C | $131,842,320 | 942,000 | 3.57% |
| MSFT | $127,759,350 | 342,500 | 3.46% |
| GS | $118,330,290 | 117,000 | 3.20% |
| XLI | $38,435,225 | 207,500 | 1.04% |
| MSFT | $35,362,296 | 94,800 | 0.96% |
| GDX | $33,778,335 | 51,500 | 0.91% |
| SMH | $28,793,571 | 43,900 | 0.78% |
| NVDA | $20,809,360 | 104,000 | 0.56% |
| EWJ | $14,857,911 | 159,300 | 0.40% |
| VFLO | $10,019,250 | 219,000 | 0.27% |
| INDA | $9,976,780 | 202,000 | 0.27% |
| AVGO | $9,066,000 | 24,000 | 0.25% |
| EWY | $8,731,771 | 43,248 | 0.24% |
| CRDO | $2,841,878 | 10,450 | 0.08% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| IVV | Trimmed | -440K | -$174.3M |
| GDX | Bought more | +516K | +$35.7M |
| AMZN | Trimmed | -142K | -$23.0M |
| SPYM | Trimmed | -2.0M | -$22.6M |
| EWZ | Trimmed | -63K | -$6.3M |
| BRKB | Trimmed | -25K | -$3.2M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ACWI | March 31, 2025 | 2,240,000 | $263,200,000 | |
| XLF | June 30, 2025 | 5,140,000 | $256,023,400 | No longer tracked |
| AMZN | Dec. 31, 2025 | 1,151,820 | $252,905,117 | 13.9% |
| AAPL | June 30, 2026 | 644,000 | $163,440,760 | 9.8% |
| RSP | March 31, 2026 | 522,000 | $99,994,320 | No longer tracked |
| AAPL | June 30, 2025 | 425,000 | $94,405,250 | 54.8% |
| FXI | March 31, 2026 | 2,283,547 | $87,437,015 | No longer tracked |
| TJX | Dec. 31, 2025 | 600,000 | $86,724,000 | -7.7% |
| BAC | Sept. 30, 2025 | 1,713,000 | $81,059,160 | 21.9% |
| COF | Dec. 31, 2025 | 375,000 | $79,717,500 | -11.9% |
| NVDA | June 30, 2025 | 708,000 | $76,733,040 | 38.7% |
| HD | Sept. 30, 2025 | 209,000 | $76,627,760 | -16.6% |
| BSV | Sept. 30, 2025 | 970,000 | $76,339,000 | No longer tracked |
| GOOGL | June 30, 2026 | 250,000 | $71,890,000 | -4.0% |
| BAC | March 31, 2026 | 1,100,000 | $60,500,000 | 29.0% |
| EEM | June 30, 2026 | 861,000 | $48,896,190 | No longer tracked |
| KRE | March 31, 2026 | 745,700 | $48,328,817 | No longer tracked |
| CRWV | June 30, 2026 | 580,000 | $44,932,600 | -7.8% |
| NCLH | March 31, 2026 | 2,000,000 | $44,640,000 | -9.9% |
| GOOG | June 30, 2026 | 150,000 | $43,029,000 | -3.7% |
| BE | June 30, 2026 | 307,000 | $41,595,430 | -33.6% |
| C | March 31, 2026 | 350,000 | $40,841,500 | 16.4% |
| MSFT | March 31, 2026 | 80,000 | $38,689,600 | 30.5% |
| ITB | March 31, 2026 | 389,800 | $37,537,740 | No longer tracked |
| BSX | June 30, 2026 | 549,000 | $34,449,750 | 20.6% |
| NDAQ | March 31, 2026 | 350,000 | $33,995,500 | 14.2% |
| ASML | June 30, 2026 | 25,000 | $33,020,750 | -11.9% |
| KWEB | March 31, 2026 | 893,310 | $30,417,206 | No longer tracked |
| TMO | June 30, 2026 | 60,000 | $29,491,800 | 23.6% |
| SCHW | June 30, 2026 | 300,000 | $28,194,000 | 20.4% |
| XLF | March 31, 2026 | 511,340 | $28,006,092 | No longer tracked |
| PG | Dec. 31, 2025 | 158,000 | $24,276,700 | 0.7% |
| HOOD | March 31, 2026 | 200,000 | $22,620,000 | 41.6% |
| NFLX | March 31, 2026 | 200,000 | $18,752,000 | -16.1% |
| COO | March 31, 2026 | 200,000 | $16,392,000 | 7.4% |
| QCOM | Sept. 30, 2025 | 100,000 | $15,926,000 | -2.6% |
| CTSH | March 31, 2026 | 150,000 | $12,450,000 | -0.1% |
| KBWB | March 31, 2026 | 100,000 | $8,429,000 | |
| OWL | March 31, 2026 | 494,639 | $7,389,907 | 28.5% |
| XLE | June 30, 2026 | 98,000 | $6,003,480 | No longer tracked |
| DVN | June 30, 2026 | 95,093 | $4,785,080 | 19.6% |
| FXI | March 31, 2025 | 93,100 | $2,833,964 | No longer tracked |