MKP Capital Management, L.L.C. In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), MKP Capital Management, L.L.C. reported 6 stock positions worth $1.1 billion . Its top holding was iShares MSCI Acwi ETF (ACWI) at 32.1% of the portfolio, followed by SS Financial Select Sector (XLF, 16.0% ) and Amazon.com (AMZN, 14.4% ). Compared with Q2 2024, it opened 3 new positions, sold out of 11, added to 2 and reduced 1. The biggest buy was iShares MSCI Acwi ETF (ACWI, shares +80% ) and the biggest sale an exit from iShares Core S&P 500 ETF (IVV).
Location New York, NY
CIK 0001534949
Portfolio Value $1.1B (Q3 2024) Holdings 6 stocks · $1.1B 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 Q2 2024 ACWI iShares MSCI Acwi ETF 2,939,825 $351.5M Add +79.6% XLF SS Financial Select Sector 3,867,000 $175.3M New AMZN Amazon.com Inc. 848,000 $158.0M Add +69.6% MSFT Microsoft Corp. 357,000 $153.6M New GOOGL Alphabet Inc. Class A 880,000 $146.5M Reduce -5.4% NVDA Nvidia Corp. 900,000 $109.3M New
Options reported separately and not counted above: XLY puts ($60.1M), XLE puts ($13.2M), ARI puts ($2.2M), PFS puts ($1.7M), RC puts ($975K), FBRT puts ($317K), BRSP puts ($218K), LADR puts ($128K).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ IVV iShares Core S&P 500 ETF Sold out 0.00% −56.43 EWY iShares MSCI South Korea ETF Sold out 0.00% −1.47 FXI iShares China Large-Cap ETF Sold out 0.00% −1.18 GOOGL Alphabet Inc. Class A Reduce -5.4% 13.39% −1.10 IGV iShares Expanded Tech-Softwa Sold out 0.00% −0.96 CEG Constellation Energy Sold out 0.00% −0.38 VST Vistra Corp. Sold out 0.00% −0.32 IREN Iren Ltd. Sold out 0.00% −0.27 AES AES Corp. Sold out 0.00% −0.22 RIOT Riot Platforms Inc. Sold out 0.00% −0.15 BE Bloom Energy Corp. Class A Sold out 0.00% −0.14 AGX Argan Inc. Sold out 0.00% −0.07
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ ACWI iShares MSCI Acwi ETF Add +79.6% 32.12% +16.44 XLF SS Financial Select Sector New 16.02% +16.02 MSFT Microsoft Corp. New 14.04% +14.04 NVDA Nvidia Corp. New 9.99% +9.99 AMZN Amazon.com Inc. Add +69.6% 14.44% +6.20
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ KRE SS SPDR S&P Regional Bank put Sold out 4,850,000 $238.1Mbefore exit XHB SS SPDR S&P Homebldrs ETF put Sold out 600,000 $60.6Mbefore exit XLY SS Consumer Disc Select Sect put New 300,000 $60.1M RCL Royal Caribbean Cruises Ltd. put Sold out 127,800 $20.4Mbefore exit XLE SS Energy Select Sector put New 150,000 $13.2M BXMT Blackstone Mortgage Tru Class A put Sold out 172,500 $3.0Mbefore exit ARI Apollo Commercial Real Estat put Reduce -14.8% 240,300 $2.2M PFS Provident Financial Services put Reduce -99.1% 90,000 $1.7M KEY Keycorp put Sold out 91,500 $1.3Mbefore exit STWD Starwood Property Trust Inc. put Sold out 56,000 $1.1Mbefore exit SASR Sandy Spring Bancorp Inc. put Sold out 41,500 $1.0Mbefore exit RC Ready Capital Corp. put New 127,800 $975K BANC Banc of California Inc. put Sold out 21,900 $280Kbefore exit BRSP Brightspire Capital Inc. put Reduce -44.1% 39,000 $218K
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