MKP Capital Management, L.L.C. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), MKP Capital Management, L.L.C. reported 22 stock positions worth $3.6 billion . Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 28.2% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 24.3% ) and JPMorgan Chase (JPM, 12.8% ). Compared with Q1 2026, it opened 15 new positions, sold out of 12, added to 2 and reduced 5. The biggest buy was JPMorgan Chase (JPM, shares +762% ) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −27% ).
Location New York, NY
CIK 0001534949
Portfolio Value $3.6B (Q2 2026) Holdings 22 stocks · $3.6B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 SPYM Ste STR SPDR PT S&P 500 ETF 11,650,400 $1.0B Reduce -14.8% IVV iShares Core S&P 500 ETF 1,179,376 $883.2M Reduce -27.1% JPM JPMorgan Chase & Co. 1,423,000 $465.8M Add +762.4% RSP Invesco S&P 500 Equal Weight 1,806,000 $384.3M New BRK.B Berkshire Hathaway Inc. Class B 405,500 $202.9M Reduce -5.7% C Citigroup Inc. 942,000 $131.8M New MSFT Microsoft Corp. 342,500 $127.8M New GS Goldman Sachs Group Inc. 117,000 $118.3M New GDX Vaneck Gold Miners ETF 712,500 $53.8M Add +261.7% AMZN Amazon.com Inc. 219,825 $52.4M Reduce -39.3% XLI SS Industrial Select Sector 207,500 $38.4M New EWZ iShares MSCI Brazil ETF 1,010,000 $34.8M Reduce -5.9% SMH Vaneck Semiconductor ETF 43,900 $28.8M New NVDA Nvidia Corp. 104,000 $20.8M New EWJ iShares MSCI Japan ETF 159,300 $14.9M New VFLO Victoryshares Free Cash Flow 219,000 $10.0M New INDA iShares MSCI India ETF 202,000 $10.0M New AVGO Broadcom Inc. 24,000 $9.1M New EWY iShares MSCI South Korea ETF 43,248 $8.7M New CRDO Credo Technology Group Holdi 10,450 $2.8M New VRT Vertiv Holdings Co. Class A 8,200 $2.7M New GEV GE Vernova Inc. 2,245 $2.6M New
Options reported separately and not counted above: MSFT calls ($35.4M), GDX puts ($33.8M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ IVV iShares Core S&P 500 ETF Reduce -27.1% 24.35% −10.41 SPYM Ste STR SPDR PT S&P 500 ETF Reduce -14.8% 28.22% −6.17 AAPL Apple Inc. Sold out 0.00% −5.37 GOOGL Alphabet Inc. Class A Sold out 0.00% −2.36 EEM iShares MSCI Emerging Market Sold out 0.00% −1.61 CRWV Coreweave Inc. Class A Sold out 0.00% −1.48 GOOG Alphabet Inc. Class C Sold out 0.00% −1.41 BE Bloom Energy Corp. Class A Sold out 0.00% −1.37 BRK.B Berkshire Hathaway Inc. Class B Reduce -5.7% 5.59% −1.18 BSX Boston Scientific Corp. Sold out 0.00% −1.13 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −1.09 AMZN Amazon.com Inc. Reduce -39.3% 1.44% −1.03 TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.97 SCHW Schwab (charles) Corp. Sold out 0.00% −0.93 EWZ iShares MSCI Brazil ETF Reduce -5.9% 0.96% −0.39 XLE SS Energy Select Sector Sold out 0.00% −0.20 DVN Devon Energy Corp. Sold out 0.00% −0.16
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ JPM JPMorgan Chase & Co. Add +762.4% 12.84% +11.24 RSP Invesco S&P 500 Equal Weight New 10.59% +10.59 C Citigroup Inc. New 3.63% +3.63 MSFT Microsoft Corp. New 3.52% +3.52 GS Goldman Sachs Group Inc. New 3.26% +3.26 XLI SS Industrial Select Sector New 1.06% +1.06 GDX Vaneck Gold Miners ETF Add +261.7% 1.48% +0.89 SMH Vaneck Semiconductor ETF New 0.79% +0.79 NVDA Nvidia Corp. New 0.57% +0.57 EWJ iShares MSCI Japan ETF New 0.41% +0.41 VFLO Victoryshares Free Cash Flow New 0.28% +0.28 INDA iShares MSCI India ETF New 0.28% +0.28 AVGO Broadcom Inc. New 0.25% +0.25 EWY iShares MSCI South Korea ETF New 0.24% +0.24 CRDO Credo Technology Group Holdi New 0.08% +0.08 VRT Vertiv Holdings Co. Class A New 0.08% +0.08 GEV GE Vernova Inc. New 0.07% +0.07
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ MSFT Microsoft Corp. call New 94,800 $35.4M GDX Vaneck Gold Miners ETF put New 51,500 $33.8M
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 22 $3.6B SPYM, IVV, JPM, RSP, BRK.B Q1 2026 19 $3.0B IVV, SPYM, BRK.B, AAPL, AMZN Q4 2025 22 $2.8B IVV, RSP, EEM, FXI, EWZ Q3 2025 10 $2.5B IVV, AAPL, AMZN, MSFT, FXI Q2 2025 8 $1.9B IVV, AMZN, BAC, HD, BSV Q1 2025 6 $1.6B IVV, XLF, AMZN, AAPL, NVDA Q4 2024 3 $2.0B IVV, ACWI, NVDA Q3 2024 6 $1.1B ACWI, XLF, AMZN, MSFT, GOOGL Q2 2024 14 $1.2B IVV, ACWI, GOOGL, AMZN, EWY Q1 2024 3 $885.6M ACWI, XLF, SPY