MKP Capital Management, L.L.C. Hedge Fund

Location: New York, NY

CIK: 0001534949 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 7, 2026

Total Value: $3.697B (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (17)

RSP INVESCO EXCHANGE TRADED FD T 10.4%

Value $384M Shares 1,806,000 Est. Cost $212.77 Unrealized —

C CITIGROUP INC 3.6%

Value $132M Shares 942,000 Est. Cost $139.96 Unrealized —

MSFT MICROSOFT CORP 3.5%

Value $128M Shares 342,500 Est. Cost $373.02 Unrealized —

GS GOLDMAN SACHS GROUP INC 3.2%

Value $118M Shares 117,000 Est. Cost $1011.37 Unrealized —

XLI SELECT SECTOR SPDR TR 1.0%

Value $38.44M Shares 207,500 Est. Cost $185.23 Unrealized —

MSFT MICROSOFT CORP 1.0%

Value $35.36M Shares 94,800 Est. Cost $373.02 Unrealized —

GDX VANECK ETF TRUST 0.9%

Value $33.78M Shares 51,500 Est. Cost $79.96 Unrealized —

SMH VANECK ETF TRUST 0.8%

Value $28.79M Shares 43,900 Est. Cost $655.89 Unrealized —

NVDA NVIDIA CORPORATION 0.6%

Value $20.81M Shares 104,000 Est. Cost $200.09 Unrealized —

EWJ ISHARES INC 0.4%

Value $14.86M Shares 159,300 Est. Cost $93.27 Unrealized —

VFLO VICTORY PORTFOLIOS II 0.3%

Value $10.02M Shares 219,000 Est. Cost $45.75 Unrealized —

INDA ISHARES TR 0.3%

Value $9.977M Shares 202,000 Est. Cost $49.39 Unrealized —

AVGO BROADCOM INC 0.2%

Value $9.066M Shares 24,000 Est. Cost $377.75 Unrealized —

EWY ISHARES INC 0.2%

Value $8.732M Shares 43,248 Est. Cost $201.90 Unrealized —

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.1%

Value $2.842M Shares 10,450 Est. Cost $271.95 Unrealized —

VRT VERTIV HOLDINGS CO 0.1%

Value $2.746M Shares 8,200 Est. Cost $334.82 Unrealized —

GEV GE VERNOVA INC 0.1%

Value $2.638M Shares 2,245 Est. Cost $1174.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	1,806,000	$384M	10.4%	$212.77	—	S&P500 EQL WGT	46137V357
C	CITIGROUP INC	942,000	$132M	3.6%	$139.96	—	COM NEW	172967424
MSFT	MICROSOFT CORP	342,500	$128M	3.5%	$373.02	—	COM	594918104
GS	GOLDMAN SACHS GROUP INC	117,000	$118M	3.2%	$1011.37	—	COM	38141G104
XLI	SELECT SECTOR SPDR TR	207,500	$38.44M	1.0%	$185.23	—	ST STR INDL ETF	81369Y704
MSFT	MICROSOFT CORP	94,800	$35.36M	1.0%	$373.02	—	CALL	594918104
GDX	VANECK ETF TRUST	51,500	$33.78M	0.9%	$79.96	—	PUT	92189F106
SMH	VANECK ETF TRUST	43,900	$28.79M	0.8%	$655.89	—	SEMICONDUCTR ETF	92189F676
NVDA	NVIDIA CORPORATION	104,000	$20.81M	0.6%	$200.09	—	COM	67066G104
EWJ	ISHARES INC	159,300	$14.86M	0.4%	$93.27	—	MSCI JAPAN ETF	46434G822
VFLO	VICTORY PORTFOLIOS II	219,000	$10.02M	0.3%	$45.75	—	SHS FR CA FL ETF	92647X830
INDA	ISHARES TR	202,000	$9.977M	0.3%	$49.39	—	MSCI INDIA ETF	46429B598
AVGO	BROADCOM INC	24,000	$9.066M	0.2%	$377.75	—	COM	11135F101
EWY	ISHARES INC	43,248	$8.732M	0.2%	$201.90	—	MSCI STH KOR ETF	464286772
CRDO	CREDO TECHNOLOGY GROUP HOLDI	10,450	$2.842M	0.1%	$271.95	—	ORDINARY SHARES	G25457105
VRT	VERTIV HOLDINGS CO	8,200	$2.746M	0.1%	$334.82	—	COM CL A	92537N108
GEV	GE VERNOVA INC	2,245	$2.638M	0.1%	$1174.86	—	COM	36828A101

Increased Positions (2)

JPM JPMORGAN CHASE & CO 12.6%

Value $466M (+859.7%) Shares 1,423,000 (+762.4%) Est. Cost $325.49 Unrealized —

GDX VANECK ETF TRUST 1.5%

Value $53.76M (+197.4%) Shares 712,500 (+261.7%) Est. Cost $79.96 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JPM	JPMORGAN CHASE & CO	1,423,000 (+762.4%)	$466M (+859.7%)	12.6%	$325.49	—	COM	46625H100
GDX	VANECK ETF TRUST	712,500 (+261.7%)	$53.76M (+197.4%)	1.5%	$79.96	—	GOLD MINERS ETF	92189F106

Exited Positions (12)

AAPL APPLE INC 4.4%

Value $163M Shares 644,000 Est. Cost $255.30 Unrealized —

GOOGL ALPHABET INC 1.9%

Value $71.89M Shares 250,000 Est. Cost $232.02 Unrealized —

EEM ISHARES TR 1.3%

Value $48.9M Shares 861,000 Est. Cost $54.71 Unrealized —

CRWV COREWEAVE INC 1.2%

Value $44.93M Shares 580,000 Est. Cost $91.48 Unrealized —

GOOG ALPHABET INC 1.2%

Value $43.03M Shares 150,000 Est. Cost $323.67 Unrealized —

BE BLOOM ENERGY CORP 1.1%

Value $41.6M Shares 307,000 Est. Cost $144.65 Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.9%

Value $34.45M Shares 549,000 Est. Cost $85.82 Unrealized —

ASML ASML HLDG NV 0.9%

Value $33.02M Shares 25,000 Est. Cost $1320.83 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.8%

Value $29.49M Shares 60,000 Est. Cost $574.61 Unrealized —

SCHW SCHWAB CHARLES CORP 0.8%

Value $28.19M Shares 300,000 Est. Cost $100.12 Unrealized —

XLE SELECT SECTOR SPDR TR 0.2%

Value $6.003M Shares 98,000 Est. Cost $61.26 Unrealized —

DVN DEVON ENERGY CORP NEW 0.1%

Value $4.785M Shares 95,093 Est. Cost $40.25 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	644,000	$163M	4.4%	$255.30	—	—	037833100
GOOGL	ALPHABET INC	250,000	$71.89M	1.9%	$232.02	—	—	02079K305
EEM	ISHARES TR	861,000	$48.9M	1.3%	$54.71	—	—	464287234
CRWV	COREWEAVE INC	580,000	$44.93M	1.2%	$91.48	—	—	21873S108
GOOG	ALPHABET INC	150,000	$43.03M	1.2%	$323.67	—	—	02079K107
BE	BLOOM ENERGY CORP	307,000	$41.6M	1.1%	$144.65	—	—	093712107
BSX	BOSTON SCIENTIFIC CORP	549,000	$34.45M	0.9%	$85.82	—	—	101137107
ASML	ASML HLDG NV	25,000	$33.02M	0.9%	$1320.83	—	—	N07059210
TMO	THERMO FISHER SCIENTIFIC INC	60,000	$29.49M	0.8%	$574.61	—	—	883556102
SCHW	SCHWAB CHARLES CORP	300,000	$28.19M	0.8%	$100.12	—	—	808513105
XLE	SELECT SECTOR SPDR TR	98,000	$6.003M	0.2%	$61.26	—	—	81369Y506
DVN	DEVON ENERGY CORP NEW	95,093	$4.785M	0.1%	$40.25	—	—	25179M103

Decreased Positions (5)

IVV ISHARES TR 23.9%

Value $883M (-16.5%) Shares 1,179,376 (-27.2%) Est. Cost $621.96 Unrealized —

AMZN AMAZON COM INC 1.4%

Value $52.39M (-30.5%) Shares 219,825 (-39.3%) Est. Cost $226.83 Unrealized —

SPYM SPDR SERIES TRUST 27.7%

Value $1.024B (-2.2%) Shares 11,650,400 (-14.8%) Est. Cost $76.54 Unrealized —

EWZ ISHARES INC 0.9%

Value $34.84M (-15.4%) Shares 1,010,000 (-5.9%) Est. Cost $31.02 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 5.5%

Value $203M (-1.6%) Shares 405,500 (-5.7%) Est. Cost $493.47 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR	1,179,376 (-27.2%)	$883M (-16.5%)	23.9%	$621.96	—	CORE S&P500 ETF	464287200
AMZN	AMAZON COM INC	219,825 (-39.3%)	$52.39M (-30.5%)	1.4%	$226.83	—	COM	023135106
SPYM	SPDR SERIES TRUST	11,650,400 (-14.8%)	$1.024B (-2.2%)	27.7%	$76.54	—	ST STR P500ETF	78464A854
EWZ	ISHARES INC	1,010,000 (-5.9%)	$34.84M (-15.4%)	0.9%	$31.02	—	MSCI BRAZIL ETF	464286400
BRK/B	BERKSHIRE HATHAWAY INC DEL	405,500 (-5.7%)	$203M (-1.6%)	5.5%	$493.47	—	CL B NEW	084670702