Institutional Manager · CIK 0001534949
MKP Capital Management, L.L.C.
New York, NY · File #028-15312
Latest AUM
$2.81B
Positions
22
Top-10 Concentration
89.7%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ISHARES TR | 464287200 | +851,266 | +$583.1M | +$30.3M |
| REDUCE | APPLE INC | AAPL | -1,260,000 | -$342.5M | +$23.9M |
| EXITED | AMAZON COM INC | 023135106 | -1,151,820 | -$252.9M | $0 |
| NEW | INVESCO EXCHANGE TRADED FD T | IVZ | +522,000 | +$100.0M | $0 |
| NEW | ISHARES TR | 464287234 | +1,663,000 | +$91.0M | $0 |
| EXITED | TJX COS INC NEW | 872540109 | -600,000 | -$86.7M | $0 |
| EXITED | CAPITAL ONE FINL CORP | 14040H105 | -375,000 | -$79.7M | $0 |
| REDUCE | MICROSOFT CORP | MSFT | -160,800 | -$77.8M | -$8.3M |
| NEW | BANK AMERICA CORP | 060505104 | +1,100,000 | +$60.5M | $0 |
| NEW | SPDR SERIES TRUST | 78464A698 | +745,700 | +$48.3M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202522 pos · $2.81B
- 13F HOLDINGS REPORTQ/E Sep 202512 pos · $2.58B
- 13F HOLDINGS REPORTQ/E Jun 20258 pos · $1.95B
- 13F HOLDINGS REPORTQ/E Mar 20257 pos · $7.20B
- 13F HOLDINGS REPORTQ/E Dec 20244 pos · $2.03B
- 13F HOLDINGS REPORTQ/E Sep 202414 pos · $1.17B
- 13F HOLDINGS REPORTQ/E Jun 202427 pos · $1.65B
- 13F HOLDINGS REPORTQ/E Mar 20247 pos · $1.08B
- 13F HOLDINGS REPORTQ/E Dec 202311 pos · $1.30B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 2,790,672 | $1.91B | 68.04% |
| 2 | INVESCO EXCHANGE TRADED FD T | IVZ | 522,000 | $100.0M | 3.56% |
| 3 | ISHARES TR | 464287234 | 1,663,000 | $91.0M | 3.24% |
| 4 | ISHARES TR | 464287184 | 2,283,547 | $87.4M | 3.11% |
| 5 | ISHARES INC | 464286400 | 2,286,900 | $72.7M | 2.59% |
| 6 | ALPHABET INC | GOOG | 200,000 | $62.6M | 2.23% |
| 7 | BANK AMERICA CORP | 060505104 | 1,100,000 | $60.5M | 2.15% |
| 8 | SPDR SERIES TRUST | 78464A698 | 745,700 | $48.3M | 1.72% |
| 9 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 2,000,000 | $44.6M | 1.59% |
| 10 | CITIGROUP INC | C-PR | 350,000 | $40.8M | 1.45% |
| 11 | MICROSOFT CORP | MSFT | 80,000 | $38.7M | 1.38% |
| 12 | ISHARES TR | 464288752 | 389,800 | $37.5M | 1.34% |
| 13 | APPLE INC | AAPL | 130,000 | $35.3M | 1.26% |
| 14 | NASDAQ INC | NDAQ | 350,000 | $34.0M | 1.21% |
| 15 | KRANESHARES TRUST | 500767306 | 893,310 | $30.4M | 1.08% |
| 16 | SELECT SECTOR SPDR TR | 81369Y605 | 511,340 | $28.0M | 1.00% |
| 17 | ROBINHOOD MKTS INC | 770700102 | 200,000 | $22.6M | 0.81% |
| 18 | NETFLIX INC | NFLX | 200,000 | $18.8M | 0.67% |
| 19 | COOPER COS INC | 216648501 | 200,000 | $16.4M | 0.58% |
| 20 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 150,000 | $12.4M | 0.44% |