MKP Capital Management, L.L.C.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), MKP Capital Management, L.L.C. reported 19 stock positions worth $3.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 34.8% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 34.4%) and Berkshire Hathaway Class B (BRK.B, 6.8%). Compared with Q4 2025, it opened 14 new positions, sold out of 17, added to 2 and reduced 3. The biggest buy was a new position in Ste STR SPDR PT S&P 500 ETF (SPYM) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001534949
- Portfolio Value
- $3.0B (Q1 2026)
- SEC Filing
- 0001172661-26-001947 ↗ filed May 14, 2026
Holdings Value
Holdings 19 stocks · $3.0B
| IVV iShares Core S&P 500 ETF | 34.75% | 1,618,986 | $1.1B | Reduce -42.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 34.39% | 13,671,700 | $1.0B | New |
| BRK.B Berkshire Hathaway Inc. Class B | 6.77% | 430,100 | $206.1M | New |
| AAPL Apple Inc. | 5.37% | 644,000 | $163.4M | Add +395.4% |
| AMZN Amazon.com Inc. | 2.48% | 362,165 | $75.4M | New |
| GOOGL Alphabet Inc. Class A | 2.36% | 250,000 | $71.9M | Add +25.0% |
| EEM iShares MSCI Emerging Market | 1.61% | 861,000 | $48.9M | Reduce -48.2% |
| JPM JPMorgan Chase & Co. | 1.59% | 165,000 | $48.5M | New |
| CRWV Coreweave Inc. Class A | 1.48% | 580,000 | $44.9M | New |
| GOOG Alphabet Inc. Class C | 1.41% | 150,000 | $43.0M | New |
| BE Bloom Energy Corp. Class A | 1.37% | 307,000 | $41.6M | New |
| EWZ iShares MSCI Brazil ETF | 1.35% | 1,073,000 | $41.2M | Reduce -53.1% |
| BSX Boston Scientific Corp. | 1.13% | 549,000 | $34.4M | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.09% | 25,000 | $33.0M | New |
| TMO Thermo Fisher Scientific Inc. | 0.97% | 60,000 | $29.5M | New |
| SCHW Schwab (charles) Corp. | 0.93% | 300,000 | $28.2M | New |
| GDX Vaneck Gold Miners ETF | 0.59% | 197,000 | $18.1M | New |
| XLE SS Energy Select Sector | 0.20% | 98,000 | $6.0M | New |
| DVN Devon Energy Corp. | 0.16% | 95,093 | $4.8M | New |
Portfolio Sells Q4 2025 → Q1 2026
| IVV iShares Core S&P 500 ETF | Reduce -42.0% | 34.75% | −33.28 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −3.56 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −3.11 |
| BAC Bank of America Corp. | Sold out | 0.00% | −2.15 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −1.72 |
| EEM iShares MSCI Emerging Market | Reduce -48.2% | 1.61% | −1.63 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −1.59 |
| C Citigroup Inc. | Sold out | 0.00% | −1.45 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.38 |
| ITB iShares U.S. Home Constructi | Sold out | 0.00% | −1.34 |
| EWZ iShares MSCI Brazil ETF | Reduce -53.1% | 1.35% | −1.23 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −1.21 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −1.08 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −1.00 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.81 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.67 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.58 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.44 |
| KBWB Invesco KBW Bank ETF | Sold out | 0.00% | −0.30 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.26 |
Portfolio Buys Q4 2025 → Q1 2026
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 34.39% | +34.39 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 6.77% | +6.77 |
| AAPL Apple Inc. | Add +395.4% | 5.37% | +4.11 |
| AMZN Amazon.com Inc. | New | 2.48% | +2.48 |
| JPM JPMorgan Chase & Co. | New | 1.59% | +1.59 |
| CRWV Coreweave Inc. Class A | New | 1.48% | +1.48 |
| GOOG Alphabet Inc. Class C | New | 1.41% | +1.41 |
| BE Bloom Energy Corp. Class A | New | 1.37% | +1.37 |
| BSX Boston Scientific Corp. | New | 1.13% | +1.13 |
| ASML ASML Holding NV-NY Reg SHS | New | 1.09% | +1.09 |
| TMO Thermo Fisher Scientific Inc. | New | 0.97% | +0.97 |
| SCHW Schwab (charles) Corp. | New | 0.93% | +0.93 |
| GDX Vaneck Gold Miners ETF | New | 0.59% | +0.59 |
| XLE SS Energy Select Sector | New | 0.20% | +0.20 |
| DVN Devon Energy Corp. | New | 0.16% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +25.0% | 2.36% | +0.13 |
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 |