MKP Capital Management, L.L.C.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), MKP Capital Management, L.L.C. reported 6 stock positions worth $1.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 62.8% of the portfolio, followed by SS Financial Select Sector (XLF, 15.8%) and Amazon.com (AMZN, 6.1%). Compared with Q4 2024, it opened 4 new positions, sold out of 1 and reduced 2. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001534949
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001172661-25-001726 ↗ filed May 13, 2025
Holdings Value
Holdings 6 stocks · $1.6B
| IVV iShares Core S&P 500 ETF | 62.83% | 1,809,274 | $1.0B | Reduce -32.1% |
| XLF SS Financial Select Sector | 15.82% | 5,140,000 | $256.0M | New |
| AMZN Amazon.com Inc. | 6.08% | 517,000 | $98.4M | New |
| AAPL Apple Inc. | 5.83% | 425,000 | $94.4M | New |
| NVDA Nvidia Corp. | 4.74% | 708,000 | $76.7M | Reduce -51.2% |
| BSV Vanguard Short-Term Bond ETF | 4.69% | 970,000 | $75.9M | New |
Options reported separately and not counted above: IVV calls ($5.6B).
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
Options Activity Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | call | New | 9,938,000 | $5.6B |
| FXI iShares China Large-Cap ETF | call | Sold out | 93,100 | $2.8Mbefore exit |
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 |