MKP Capital Management, L.L.C.
New York, NY
$3.6bn in 22 US stocks at the end of 30 June 2026. The top 10 are 94.9% of the money. It changed about 37.2% of the portfolio this quarter.
Value
$3.6bn
Stocks
22
Top 10 share
94.9%
Turnover
37.2%
What changed this quarter
New
Bought for the first time this quarter.
- Invesco Exchange Traded FD TRSP10.6% of the fund
- CitigroupC3.6% of the fund
- MicrosoftMSFT3.5% of the fund
- Goldman Sachs GroupGS3.3% of the fund
- Select Sector Spdr TRXLI1.1% of the fund
- Vaneck ETF TrustSMH0.8% of the fund
- NvidiaNVDA0.6% of the fund
- IsharesEWJ0.4% of the fund
- Victory Portfolios IIVFLO0.3% of the fund
- Ishares TRINDA0.3% of the fund
- BroadcomAVGO0.2% of the fund
- IsharesEWY0.2% of the fund
- Credo Technology Group HoldingCRDO<0.1% of the fund
- Vertiv HoldingsVRT<0.1% of the fund
- GE VernovaGEV<0.1% of the fund
Added
Bought more of a stock they already held.
- JPMorgan ChaseJPM12.8% of the fund+762%
- Vaneck ETF TrustGDX1.5% of the fund+262%
Cut
Sold some of their stake.
- Spdr Series TrustSPYM28.2% of the fund-15%
- Ishares TRIVV24.3% of the fund-27%
- Berkshire HathawayBRK-B5.6% of the fund-6%
- Amazon.comAMZN1.4% of the fund-39%
- IsharesEWZ1.0% of the fund-6%
Sold out
Sold their entire stake.
- AppleAAPL-100%
- AlphabetGOOGL-100%
- Ishares TREEM-100%
- CoreWeaveCRWV-100%
- AlphabetGOOG-100%
- Bloom EnergyBE-100%
- Boston ScientificBSX-100%
- ASML Holding NVASML-100%
- Thermo Fisher ScientificTMO-100%
- Charles SchwabSCHW-100%
- Select Sector Spdr TRXLE-100%
- Devon EnergyDVN-100%
Holdings
- Spdr Series TrustSPYM
- Share
- 28.2%
- Value
- $1.0bn
- Shares
- 11,650,400
-15%
- Ishares TRIVV
- Share
- 24.3%
- Value
- $883m
- Shares
- 1,179,376
-27%
- Invesco Exchange Traded FD TRSP
- Share
- 10.6%
- Value
- $384m
- Shares
- 1,806,000
New
- Vaneck ETF TrustGDX
- Share
- 1.5%
- Value
- $54m
- Shares
- 712,500
+262%
- Select Sector Spdr TRXLI
- Share
- 1.1%
- Value
- $38m
- Shares
- 207,500
New
- IsharesEWZ
- Share
- 1.0%
- Value
- $35m
- Shares
- 1,010,000
-6%
- Vaneck ETF TrustSMH
- Share
- 0.8%
- Value
- $29m
- Shares
- 43,900
New
- IsharesEWJ
- Share
- 0.4%
- Value
- $15m
- Shares
- 159,300
New
- Victory Portfolios IIVFLO
- Share
- 0.3%
- Value
- $10m
- Shares
- 219,000
New
- Ishares TRINDA
- Share
- 0.3%
- Value
- $10m
- Shares
- 202,000
New
- IsharesEWY
- Share
- 0.2%
- Value
- $9m
- Shares
- 43,248
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Spdr Series TrustSPYM | 28.2% | $1.0bn | 11,650,400 | -15% |
| Ishares TRIVV | 24.3% | $883m | 1,179,376 | -27% |
| JPMorgan ChaseJPM | 12.8% | $466m | 1,423,000 | +762% |
| Invesco Exchange Traded FD TRSP | 10.6% | $384m | 1,806,000 | New |
| Berkshire HathawayBRK-B | 5.6% | $203m | 405,500 | -6% |
| CitigroupC | 3.6% | $132m | 942,000 | New |
| MicrosoftMSFT | 3.5% | $128m | 342,500 | New |
| Goldman Sachs GroupGS | 3.3% | $118m | 117,000 | New |
| Vaneck ETF TrustGDX | 1.5% | $54m | 712,500 | +262% |
| Amazon.comAMZN | 1.4% | $52m | 219,825 | -39% |
| Select Sector Spdr TRXLI | 1.1% | $38m | 207,500 | New |
| IsharesEWZ | 1.0% | $35m | 1,010,000 | -6% |
| Vaneck ETF TrustSMH | 0.8% | $29m | 43,900 | New |
| NvidiaNVDA | 0.6% | $21m | 104,000 | New |
| IsharesEWJ | 0.4% | $15m | 159,300 | New |
| Victory Portfolios IIVFLO | 0.3% | $10m | 219,000 | New |
| Ishares TRINDA | 0.3% | $10m | 202,000 | New |
| BroadcomAVGO | 0.2% | $9m | 24,000 | New |
| IsharesEWY | 0.2% | $9m | 43,248 | New |
| Credo Technology Group HoldingCRDO | <0.1% | $3m | 10,450 | New |
| Vertiv HoldingsVRT | <0.1% | $3m | 8,200 | New |
| GE VernovaGEV | <0.1% | $3m | 2,245 | New |
Options (2)
- MicrosoftMSFT
- Type
- Call
- Value
- $35m
- Contracts
- 94,800
- Vaneck ETF TrustGDX
- Type
- Put
- Value
- $34m
- Contracts
- 51,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| MicrosoftMSFT | Call | $35m | 94,800 |
| Vaneck ETF TrustGDX | Put | $34m | 51,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 86.3% since 30 June 2025.
Where the money is
Financial services25.3%
Technology4.4%
Retail & consumer1.4%
Industrials0.1%
Other68.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.