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 $3.6 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 19.2% quarter on quarter. Over the quarter, the fund initiated 15 new positions, bought more shares in 2 holdings, trimmed 5 holdings, and exited 12 positions.
MKP Capital Management, L.L.C.'s top buy was Jpmorgan Chase & CO (JPM) . The fund bought 762.4% more shares, lifting the position's portfolio weight by 11.2 percentage points. Its top sell was Apple INC (AAPL) . The fund exited the position completely after it had accounted for 5.4% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| INVESCO EXCHANGE TRADED FD T | RSP | 10.6% | History → |
| CITIGROUP INC | C | 3.6% | History → |
| MICROSOFT CORP | MSFT | 3.5% | History → |
| GOLDMAN SACHS GROUP INC | GS | 3.3% | History → |
| SELECT SECTOR SPDR TR | XLI | 1.1% | History → |
| VANECK ETF TRUST | SMH | 0.8% | Holders → |
| NVIDIA CORPORATION | NVDA | 0.6% | Holders → |
| ISHARES INC | EWJ | 0.4% | Holders → |
| VICTORY PORTFOLIOS II | VFLO | 0.3% | Holders → |
| ISHARES TR | INDA | 0.3% | Holders → |
| BROADCOM INC | AVGO | 0.2% | Holders → |
| ISHARES INC | EWY | 0.2% | Holders → |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | 0.1% | Holders → |
| VERTIV HOLDINGS CO | VRT | 0.1% | Holders → |
| GE VERNOVA INC | GEV | 0.1% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| JPMORGAN CHASE & CO | JPM | +11.2% | +762.4% | History → |
| VANECK ETF TRUST | GDX | +0.9% | +261.7% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| AMAZON.COM INC | AMZN | -1.0% | 39.3% | History → |
| ISHARES TR | IVV | -10.4% | 27.2% | History → |
| SPDR SERIES TRUST | SPYM | -6.2% | 14.8% | History → |
| ISHARES INC | EWZ | -0.4% | 5.9% | Holders → |
| BERKSHIRE HATHAWAY INC CL B | BRK/B | -1.2% | 5.7% | – |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| APPLE INC | AAPL | 5.4% |
| ALPHABET INC-CL A | GOOGL | 2.4% |
| ISHARES TR | EEM | 1.6% |
| COREWEAVE INC | CRWV | 1.5% |
| ALPHABET INC | GOOG | 1.4% |
| BLOOM ENERGY CORP | BE | 1.4% |
| BOSTON SCIENTIFIC CORP | BSX | 1.1% |
| ASML HLDG NV | ASML | 1.1% |
| THERMO FISHER SCIENTIFIC INC | TMO | 1.0% |
| SCHWAB CHARLES CORP | SCHW | 0.9% |
| SELECT SECTOR SPDR TR | XLE | 0.2% |
| DEVON ENERGY CORP NEW | DVN | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $3.0BPrior quarter
- $3.6BCurrent quarter
- +$0.6BNet delta
- +19.2%% 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 Q2 2026?
In Q2 2026, MKP Capital Management, L.L.C. initiated 15 new positions (INVESCO EXCHANGE TRADED FD T (RSP), CITIGROUP INC (C), MICROSOFT CORP (MSFT), GOLDMAN SACHS GROUP INC (GS), SELECT SECTOR SPDR TR (XLI), VANECK ETF TRUST (SMH), NVIDIA CORPORATION (NVDA), ISHARES INC (EWJ), VICTORY PORTFOLIOS II (VFLO), ISHARES TR (INDA), BROADCOM INC (AVGO), ISHARES INC (EWY), CREDO TECHNOLOGY GROUP HOLDI (CRDO), VERTIV HOLDINGS CO (VRT), GE VERNOVA INC (GEV)); bought more shares of JPMORGAN CHASE & CO (JPM), VANECK ETF TRUST (GDX).
What stocks did MKP Capital Management, L.L.C. sell in Q2 2026?
In Q2 2026, MKP Capital Management, L.L.C. fully sold 12 positions (APPLE INC (AAPL), ALPHABET INC-CL A (GOOGL), ISHARES TR (EEM), COREWEAVE INC (CRWV), ALPHABET INC (GOOG), BLOOM ENERGY CORP (BE), BOSTON SCIENTIFIC CORP (BSX), ASML HLDG NV (ASML), THERMO FISHER SCIENTIFIC INC (TMO), SCHWAB CHARLES CORP (SCHW), SELECT SECTOR SPDR TR (XLE), DEVON ENERGY CORP NEW (DVN)); reduced holdings in AMAZON.COM INC (AMZN), ISHARES TR (IVV), SPDR SERIES TRUST (SPYM), ISHARES INC (EWZ), BERKSHIRE HATHAWAY INC CL B (BRK/B).
Which positions did MKP Capital Management, L.L.C. initiate in Q2 2026?
MKP Capital Management, L.L.C. established 15 new positions in Q2 2026: INVESCO EXCHANGE TRADED FD T (RSP, 10.6%), CITIGROUP INC (C, 3.6%), MICROSOFT CORP (MSFT, 3.5%), GOLDMAN SACHS GROUP INC (GS, 3.3%), SELECT SECTOR SPDR TR (XLI, 1.1%), VANECK ETF TRUST (SMH, 0.8%), NVIDIA CORPORATION (NVDA, 0.6%), ISHARES INC (EWJ, 0.4%), VICTORY PORTFOLIOS II (VFLO, 0.3%), ISHARES TR (INDA, 0.3%), BROADCOM INC (AVGO, 0.2%), ISHARES INC (EWY, 0.2%), CREDO TECHNOLOGY GROUP HOLDI (CRDO, 0.1%), VERTIV HOLDINGS CO (VRT, 0.1%), GE VERNOVA INC (GEV, 0.1%).
Which existing positions saw the largest allocation increases for MKP Capital Management, L.L.C. in Q2 2026?
Of 2 existing positions with share-count increases in Q2 2026, the largest were: JPMORGAN CHASE & CO (JPM, +11.2% weight, +762.4% shares), VANECK ETF TRUST (GDX, +0.9% weight, +261.7% shares).
Which positions did MKP Capital Management, L.L.C. fully exit in Q2 2026?
MKP Capital Management, L.L.C. fully exited 12 positions in Q2 2026: APPLE INC (AAPL, last-reported weight 5.4%), ALPHABET INC-CL A (GOOGL, last-reported weight 2.4%), ISHARES TR (EEM, last-reported weight 1.6%), COREWEAVE INC (CRWV, last-reported weight 1.5%), ALPHABET INC (GOOG, last-reported weight 1.4%), BLOOM ENERGY CORP (BE, last-reported weight 1.4%), BOSTON SCIENTIFIC CORP (BSX, last-reported weight 1.1%), ASML HLDG NV (ASML, last-reported weight 1.1%), THERMO FISHER SCIENTIFIC INC (TMO, last-reported weight 1.0%), SCHWAB CHARLES CORP (SCHW, last-reported weight 0.9%), SELECT SECTOR SPDR TR (XLE, last-reported weight 0.2%), DEVON ENERGY CORP NEW (DVN, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for MKP Capital Management, L.L.C. in Q2 2026?
Of 5 existing positions with share-count reductions in Q2 2026, the largest were: AMAZON.COM INC (AMZN, -1.0% weight, -39.3% shares), ISHARES TR (IVV, -10.4% weight, -27.2% shares), SPDR SERIES TRUST (SPYM, -6.2% weight, -14.8% shares), ISHARES INC (EWZ, -0.4% weight, -5.9% shares), BERKSHIRE HATHAWAY INC CL B (BRK/B, -1.2% weight, -5.7% 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.