MKP Capital Management, L.L.C. 13F: Quarter-over-Quarter Portfolio Changes
MKP Capital Management, L.L.C. reported a disclosed portfolio value of approximately $3.0 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 8.3% quarter on quarter. Over the quarter, the fund initiated 14 new positions, bought more shares in 2 holdings, trimmed 3 holdings, and exited 17 positions.
MKP Capital Management, L.L.C.'s top buy was a new stake in Spdr Series Trust (SPYM) , equal to 34.4% of the disclosed portfolio. Its top sell was Invesco Exchange Traded Fd T (RSP) . The fund exited the position completely after it had accounted for 3.6% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SPDR SERIES TRUST | SPYM | 34.4% | History → |
| BERKSHIRE HATHAWAY B | BRK/B | 6.8% | — |
| AMAZON.COM | AMZN | 2.5% | History → |
| JPMORGAN | JPM | 1.6% | History → |
| COREWEAVE INC | CRWV | 1.5% | History → |
| ALPHABET CL C | GOOG | 1.4% | History → |
| BLOOM ENERGY | BE | 1.4% | History → |
| BOSTON SCIENTIFIC CORP | BSX | 1.1% | Holders → |
| ASML HLDG NV | ASML | 1.1% | Holders → |
| THERMO FISHER SCIENTIFIC INC | TMO | 1.0% | Holders → |
| CHARLES SCHWAB CORPORATION (SCHW) | SCHW | 0.9% | Holders → |
| VANECK ETF TRUST | GDX | 0.6% | Holders → |
| SELECT SECTOR SPDR TR | XLE | 0.2% | Holders → |
| DEVON ENERGY CORP NEW | DVN | 0.2% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| APPLE | AAPL | +4.1% | +395.4% | History → |
| ALPHABET CL A | GOOGL | +0.1% | +25.0% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ISHARES INC | EWZ | -1.2% | 53.1% | Holders → |
| ISHARES TR | EEM | -1.6% | 48.2% | History → |
| ISHARES TR | IVV | -33.3% | 42.0% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| INVESCO EXCHANGE TRADED FD T | RSP | 3.6% |
| ISHARES TR | FXI | 3.1% |
| BANK OF AMER CORP | BAC | 2.2% |
| SPDR SERIES TRUST | KRE | 1.7% |
| NORWEGIAN CRUISE LINE HLDGS | NCLH | 1.6% |
| CITIGROUP INC | C | 1.5% |
| MICROSOFT | MSFT | 1.4% |
| ISHARES TR | ITB | 1.3% |
| NASDAQ INC | NDAQ | 1.2% |
| KRANESHARES TRUST | KWEB | 1.1% |
| SS FINANCIAL SELECT SECTOR | XLF | 1.0% |
| ROBINHOOD MKTS INC | HOOD | 0.8% |
| NETFLIX INC. | NFLX | 0.7% |
| COOPER COMPANIES | COO | 0.6% |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 0.4% |
| INVESCO EXCH TRADED FD TR II | KBWB | 0.3% |
| BLUE OWL CAPITAL INC | OWL | 0.3% |
Net Portfolio Value ChangeQ1 2026
- $2.8BPrior quarter
- $3.0BCurrent quarter
- +$0.2BNet delta
- +8.3%% change
Methodology & FAQ
How MKP Capital Management, L.L.C. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for MKP Capital Management, L.L.C.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did MKP Capital Management, L.L.C. buy in Q1 2026?
In Q1 2026, MKP Capital Management, L.L.C. initiated 14 new positions (SPDR SERIES TRUST (SPYM), BERKSHIRE HATHAWAY B (BRK/B), AMAZON.COM (AMZN), JPMORGAN (JPM), COREWEAVE INC (CRWV), ALPHABET CL C (GOOG), BLOOM ENERGY (BE), BOSTON SCIENTIFIC CORP (BSX), ASML HLDG NV (ASML), THERMO FISHER SCIENTIFIC INC (TMO), CHARLES SCHWAB CORPORATION (SCHW) (SCHW), VANECK ETF TRUST (GDX), SELECT SECTOR SPDR TR (XLE), DEVON ENERGY CORP NEW (DVN)); bought more shares of APPLE (AAPL), ALPHABET CL A (GOOGL).
What stocks did MKP Capital Management, L.L.C. sell in Q1 2026?
In Q1 2026, MKP Capital Management, L.L.C. fully sold 17 positions (INVESCO EXCHANGE TRADED FD T (RSP), ISHARES TR (FXI), BANK OF AMER CORP (BAC), SPDR SERIES TRUST (KRE), NORWEGIAN CRUISE LINE HLDGS (NCLH), CITIGROUP INC (C), MICROSOFT (MSFT), ISHARES TR (ITB), NASDAQ INC (NDAQ), KRANESHARES TRUST (KWEB), SS FINANCIAL SELECT SECTOR (XLF), ROBINHOOD MKTS INC (HOOD), NETFLIX INC. (NFLX), COOPER COMPANIES (COO), COGNIZANT TECHNOLOGY SOLUTIO (CTSH), INVESCO EXCH TRADED FD TR II (KBWB), BLUE OWL CAPITAL INC (OWL)); reduced holdings in ISHARES INC (EWZ), ISHARES TR (EEM), ISHARES TR (IVV).
Which positions did MKP Capital Management, L.L.C. initiate in Q1 2026?
MKP Capital Management, L.L.C. established 14 new positions in Q1 2026: SPDR SERIES TRUST (SPYM, 34.4%), BERKSHIRE HATHAWAY B (BRK/B, 6.8%), AMAZON.COM (AMZN, 2.5%), JPMORGAN (JPM, 1.6%), COREWEAVE INC (CRWV, 1.5%), ALPHABET CL C (GOOG, 1.4%), BLOOM ENERGY (BE, 1.4%), BOSTON SCIENTIFIC CORP (BSX, 1.1%), ASML HLDG NV (ASML, 1.1%), THERMO FISHER SCIENTIFIC INC (TMO, 1.0%), CHARLES SCHWAB CORPORATION (SCHW) (SCHW, 0.9%), VANECK ETF TRUST (GDX, 0.6%), SELECT SECTOR SPDR TR (XLE, 0.2%), DEVON ENERGY CORP NEW (DVN, 0.2%).
Which existing positions saw the largest allocation increases for MKP Capital Management, L.L.C. in Q1 2026?
Of 2 existing positions with share-count increases in Q1 2026, the largest were: APPLE (AAPL, +4.1% weight, +395.4% shares), ALPHABET CL A (GOOGL, +0.1% weight, +25.0% shares).
Which positions did MKP Capital Management, L.L.C. fully exit in Q1 2026?
MKP Capital Management, L.L.C. fully exited 17 positions in Q1 2026: INVESCO EXCHANGE TRADED FD T (RSP, last-reported weight 3.6%), ISHARES TR (FXI, last-reported weight 3.1%), BANK OF AMER CORP (BAC, last-reported weight 2.2%), SPDR SERIES TRUST (KRE, last-reported weight 1.7%), NORWEGIAN CRUISE LINE HLDGS (NCLH, last-reported weight 1.6%), CITIGROUP INC (C, last-reported weight 1.5%), MICROSOFT (MSFT, last-reported weight 1.4%), ISHARES TR (ITB, last-reported weight 1.3%), NASDAQ INC (NDAQ, last-reported weight 1.2%), KRANESHARES TRUST (KWEB, last-reported weight 1.1%), SS FINANCIAL SELECT SECTOR (XLF, last-reported weight 1.0%), ROBINHOOD MKTS INC (HOOD, last-reported weight 0.8%), NETFLIX INC. (NFLX, last-reported weight 0.7%), COOPER COMPANIES (COO, last-reported weight 0.6%), COGNIZANT TECHNOLOGY SOLUTIO (CTSH, last-reported weight 0.4%), INVESCO EXCH TRADED FD TR II (KBWB, last-reported weight 0.3%), BLUE OWL CAPITAL INC (OWL, last-reported weight 0.3%).
Which existing positions saw the largest allocation reductions for MKP Capital Management, L.L.C. in Q1 2026?
Of 3 existing positions with share-count reductions in Q1 2026, the largest were: ISHARES INC (EWZ, -1.2% weight, -53.1% shares), ISHARES TR (EEM, -1.6% weight, -48.2% shares), ISHARES TR (IVV, -33.3% weight, -42.0% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.