MKP Capital Management, L.L.C.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), MKP Capital Management, L.L.C. reported 8 stock positions worth $1.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 69.9% of the portfolio, followed by Amazon.com (AMZN, 13.2%) and Bank of America (BAC, 4.2%). Compared with Q1 2025, it opened 5 new positions, sold out of 3 and added to 2. The biggest buy was Amazon.com (AMZN, shares +127%) and the biggest sale an exit from SS Financial Select Sector (XLF).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001534949
Portfolio Value
$1.9B (Q2 2025)
SEC Filing
0001172661-25-002898 ↗ filed Aug 5, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $885.6M Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $2.0B Q4 2024 Q1 2025: $1.6B Q1 2025 Q2 2025: $1.9B $1.9B Q2 2025 Q3 2025: $2.5B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.6B Q2 2026

Holdings 8 stocks · $1.9B
IVV iShares Core S&P 500 ETF 69.95% 2,193,357 $1.4B Add +21.2%
AMZN Amazon.com Inc. 13.24% 1,175,000 $257.8M Add +127.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.16% 1,713,000 $81.1M New
HD Home Depot Inc. 3.94% 209,000 $76.6M New
BSV Vanguard Short-Term Bond ETF 3.92% 970,000 $76.3M No change
MSFT Microsoft Corp. 2.68% 105,000 $52.2M New
PG The Procter & Gamble Co. 1.29% 158,000 $25.2M New
QCOM Qualcomm Inc. 0.82% 100,000 $15.9M New

Portfolio Sells Q1 2025 → Q2 2025
XLF SS Financial Select Sector Sold out 0.00% −15.82
AAPL Apple Inc. Sold out 0.00% −5.83
NVDA Nvidia Corp. Sold out 0.00% −4.74

Portfolio Buys Q1 2025 → Q2 2025
AMZN Amazon.com Inc. Add +127.3% 13.24% +7.16
IVV iShares Core S&P 500 ETF Add +21.2% 69.95% +7.12
BAC Bank of America Corp. New 4.16% +4.16
HD Home Depot Inc. New 3.94% +3.94
MSFT Microsoft Corp. New 2.68% +2.68
PG The Procter & Gamble Co. New 1.29% +1.29
QCOM Qualcomm Inc. New 0.82% +0.82

Options Activity Q1 2025 → Q2 2025
IVV iShares Core S&P 500 ETF call Sold out 9,938,000 $5.6Bbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 22$3.6BSPYM, IVV, JPM, RSP, BRK.B
Q1 2026 19$3.0BIVV, SPYM, BRK.B, AAPL, AMZN
Q4 2025 22$2.8BIVV, RSP, EEM, FXI, EWZ
Q3 2025 10$2.5BIVV, AAPL, AMZN, MSFT, FXI
Q2 2025 8$1.9BIVV, AMZN, BAC, HD, BSV
Q1 2025 6$1.6BIVV, XLF, AMZN, AAPL, NVDA
Q4 2024 3$2.0BIVV, ACWI, NVDA
Q3 2024 6$1.1BACWI, XLF, AMZN, MSFT, GOOGL
Q2 2024 14$1.2BIVV, ACWI, GOOGL, AMZN, EWY
Q1 2024 3$885.6MACWI, XLF, SPY