Q2 2026 13F · SEC CIK 1534949
MKP Capital Management, L.L.C.
Institutional asset managerFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $3.6B
- Reported positions
- 22
- Top holdings a year, 3 yrs
- +18.5%
- Assets under management
- $12.9B
MKP Capital Management, L.L.C. is an institutional asset manager that reported 22 positions worth $3.6B in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Spdr Series Trust (SPLG, 28.2%), Ishares Tr (IVV, 24.3%), Jpmorgan Chase & Co (JPM, 12.8%). A portfolio copying its top holdings returned 18.5% a year over the last 3 years, against 22.4% for the S&P 500.
MKP Capital Management, L.L.C. holdings all 22 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| SPLGSpdr Series Trust | 28.2% | -14.8% | $1.0B |
| IVVIshares Tr | 24.3% | -27.2% | $883.2M |
| JPMJpmorgan Chase & Co | 12.8% | +762.4% | $465.8M |
| RSPInvesco Exchange Traded Fd T | 10.6% | — | $384.3M |
| BRK-BBerkshire Hathaway Inc Del | 5.6% | -5.7% | $202.9M |
| CCitigroup Inc | 3.6% | — | $131.8M |
| MSFTMicrosoft Corp | 3.5% | — | $127.8M |
| GSGoldman Sachs Group Inc | 3.3% | — | $118.3M |
| GDXVaneck ETF Trust | 1.5% | +261.7% | $53.8M |
| AMZNAmazon Com Inc | 1.4% | -39.3% | $52.4M |
| XLISelect Sector Spdr Tr | 1.1% | — | $38.4M |
| EWZIshares Inc | 1.0% | -5.9% | $34.8M |
| SMHVaneck ETF Trust | 0.8% | — | $28.8M |
| NVDANvidia Corporation | 0.6% | — | $20.8M |
| EWJIshares Inc | 0.4% | — | $14.9M |
| VFLOVictory Portfolios II Victoryshares Free | 0.3% | — | $10.0M |
| INDAIshares Tr | 0.3% | — | $10.0M |
| AVGOBroadcom Inc | 0.3% | — | $9.1M |
| EWYIshares Inc | 0.2% | — | $8.7M |
| CRDOCredo Technology Group Holdi | 0.1% | — | $2.8M |
| VRTVertiv Holdings Co | 0.1% | — | $2.7M |
| GEVGe Vernova Inc | 0.1% | — | $2.6M |
What MKP Capital Management, L.L.C. bought and sold in Q2 2026, against Q1 2026.
New positions
- RSP Invesco Exchange Traded Fd T10.6% of 13F
- C Citigroup Inc3.6% of 13F
- MSFT Microsoft Corp3.5% of 13F
- GS Goldman Sachs Group Inc3.3% of 13F
- XLI Select Sector Spdr Tr1.1% of 13F
- SMH Vaneck ETF Trust0.8% of 13F
- NVDA Nvidia Corporation0.6% of 13F
- EWJ Ishares Inc0.4% of 13F
Added to
- JPM Jpmorgan Chase & Co+762.4% shares
- GDX Vaneck ETF Trust+261.7% shares
Reduced
- AMZN Amazon Com Inc-39.3% shares
- IVV Ishares Tr-27.2% shares
- SPLG Spdr Series Trust-14.8% shares
- EWZ Ishares Inc-5.9% shares
- BRK-B Berkshire Hathaway Inc Del-5.7% shares
Sold out
- AAPL Apple Incwas 5.4%
- GOOGL Alphabet Incwas 2.4%
- EEM Ishares Trwas 1.6%
- CRWV Coreweave Incwas 1.5%
- GOOG Alphabet Incwas 1.4%
- BE Bloom Energy Corpwas 1.4%
- BSX Boston Scientific Corpwas 1.1%
- ASML Asml Hldg NVwas 1.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +0.1% /yr
- S&P 500 +9.0%
- 3 years
- +18.5% /yr
- S&P 500 +22.4%
- 5 years
- +7.8% /yr
- S&P 500 +10.1%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $3.6B | 22 |
| Q1 2026 | $3.0B | 19 |
| Q4 2025 | $2.8B | 22 |
| Q3 2025 | $2.5B | 10 |
| Q2 2025 | $1.9B | 8 |
| Q1 2025 | $1.6B | 6 |
| Q3 2024 | $1.1B | 6 |
| Q2 2024 | $1.2B | 14 |
| Q4 2023 | $1.6B | 12 |
| Q3 2023 | $1.1B | 8 |
| Q2 2023 | $916.8M | 8 |
| Q1 2023 | $623.5M | 9 |
Questions about MKP Capital Management, L.L.C.'s portfolio
What stocks does MKP Capital Management, L.L.C. own?
MKP Capital Management, L.L.C.'s latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 22 positions worth $3.6B. The largest are Spdr Series Trust (SPLG) at 28.2%, Ishares Tr (IVV) at 24.3%, Jpmorgan Chase & Co (JPM) at 12.8%, Invesco Exchange Traded Fd T (RSP) at 10.6% and Berkshire Hathaway Inc Del (BRK-B) at 5.6%.
What did MKP Capital Management, L.L.C. buy last quarter?
In Q2 2026, MKP Capital Management, L.L.C. added a new position in Invesco Exchange Traded Fd T (RSP), a new position in Citigroup Inc (C), a new position in Microsoft Corp (MSFT), a new position in Goldman Sachs Group Inc (GS), a new position in Select Sector Spdr Tr (XLI), Jpmorgan Chase & Co (JPM) (+762.4% shares) and Vaneck ETF Trust (GDX) (+261.7% shares), compared with its Q1 2026 filing.
What did MKP Capital Management, L.L.C. sell last quarter?
In Q2 2026, MKP Capital Management, L.L.C. sold all of Apple Inc (AAPL), sold all of Alphabet Inc (GOOGL), sold all of Ishares Tr (EEM), sold all of Coreweave Inc (CRWV), sold all of Alphabet Inc (GOOG), Amazon Com Inc (AMZN) (-39.3% shares), Ishares Tr (IVV) (-27.2% shares) and Spdr Series Trust (SPLG) (-14.8% shares), compared with its Q1 2026 filing.
How has MKP Capital Management, L.L.C.'s portfolio performed?
A portfolio copying MKP Capital Management, L.L.C.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.5% a year over the last 3 years, against +22.4% for the S&P 500. Over 1 year: +0.1% against +9.0%. Over 5 years: +7.8% a year against +10.1%.
When is MKP Capital Management, L.L.C.'s next 13F filing due?
13F filings are due 45 days after each quarter ends. MKP Capital Management, L.L.C.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does MKP Capital Management, L.L.C. manage?
MKP Capital Management, L.L.C. reported $12.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.6B.