MKP Capital Management, L.L.C. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), MKP Capital Management, L.L.C. reported 3 stock positions worth $885.6 million . Its top holding was iShares MSCI Acwi ETF (ACWI) at 80.3% of the portfolio, followed by SS Financial Select Sector (XLF, 15.7% ) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.9% ). Compared with Q4 2023, it sold out of 9, added to 1 and reduced 2. The biggest buy was iShares MSCI Acwi ETF (ACWI, shares +51% ) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −90% ).
Location New York, NY
CIK 0001534949
Portfolio Value $885.6M (Q1 2024) Holdings 3 stocks · $885.6M 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 Q4 2023 ACWI iShares MSCI Acwi ETF 6,460,920 $711.5M Add +51.1% XLF SS Financial Select Sector 3,310,000 $139.4M Reduce -69.5% SPY SS SPDR S&P 500 ETF Trust-US 66,200 $34.6M Reduce -89.7%
Options reported separately and not counted above: KRE puts ($176.0M), FXI puts ($6.0M), ARI puts ($5.6M), LADR puts ($5.6M).
Portfolio Sells Q4 2023 → Q1 2024 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 Q4 2023 % Of Portfolio Change To Portfolio ▲ SPY SS SPDR S&P 500 ETF Trust-US Reduce -89.7% 3.91% −14.94 XLF SS Financial Select Sector Reduce -69.5% 15.74% −9.51 FXI iShares China Large-Cap ETF Sold out 0.00% −6.40 CCI Crown Castle Inc. Sold out 0.00% −5.49 TLT iShares 20+ Year Treasury BD Sold out 0.00% −4.32 INTC Intel Corp. Sold out 0.00% −3.27 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −2.65 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −2.50 FAF First American Financial Sold out 0.00% −1.60 DLTR Dollar Tree Inc. Sold out 0.00% −1.54 TXN Texas Instruments Inc. Sold out 0.00% −1.16
Portfolio Buys Q4 2023 → Q1 2024 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 Q4 2023 % Of Portfolio Change To Portfolio ▼ ACWI iShares MSCI Acwi ETF Add +51.1% 80.35% +53.38
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ KRE SS SPDR S&P Regional Bank put New 3,500,000 $176.0M ITB iShares U.S. Home Constructi put Sold out 850,000 $86.5Mbefore exit XLE SS Energy Select Sector call Sold out 1,000,000 $83.8Mbefore exit FXI iShares China Large-Cap ETF call Sold out 3,000,000 $72.1Mbefore exit ARKK ARK Innovation ETF put Sold out 860,000 $45.0Mbefore exit FXI iShares China Large-Cap ETF put New 250,000 $6.0M
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