Q4 2025 · 13F-HR
MKP Capital Management, L.L.C.holdings as filed
Filed 2026-02-10 · accession 0001172661-26-000569
$2.81B
Reported value
22
Positions
2025-12-31
Period end
The Brief · MKP Capital Management, L.L.C. · Q4 2025
AI · grounded in 13F
MKP Capital Management, L.L.C. closed its position in AMZN, reducing exposure by $252.9M. The fund also exited positions in TJX and COF, while trimming shares of AAPL by 90.6% and MSFT by 66.8%. To offset these sales, the fund established new positions in RSP for $99.9M and EEM for $90.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287200 | IVV | ISHARES TR | $1.91B | 68.0% | 2,790,672 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $100.0M | 3.56% | 522,000 | Common | SOLE |
| 464287234 | EEM | ISHARES TR | $91.0M | 3.24% | 1,663,000 | Common | SOLE |
| 464287184 | FXI | ISHARES TR | $87.4M | 3.11% | 2,283,547 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $72.7M | 2.59% | 2,286,900 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $62.6M | 2.23% | 200,000 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $60.5M | 2.15% | 1,100,000 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $48.3M | 1.72% | 745,700 | Common | SOLE |
| G66721104 | NCLH | NORWEGIAN CRUISE LINE HLDG L | $44.6M | 1.59% | 2,000,000 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $40.8M | 1.45% | 350,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $38.7M | 1.38% | 80,000 | Common | SOLE |
| 464288752 | ITB | ISHARES TR | $37.5M | 1.34% | 389,800 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $35.3M | 1.26% | 130,000 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $34.0M | 1.21% | 350,000 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $30.4M | 1.08% | 893,310 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $28.0M | 1.00% | 511,340 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $22.6M | 0.81% | 200,000 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $18.8M | 0.67% | 200,000 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $16.4M | 0.58% | 200,000 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $12.4M | 0.44% | 150,000 | Common | SOLE |
| 46138E628 | KBWB | INVESCO EXCH TRADED FD TR II | $8.4M | 0.30% | 100,000 | Common | SOLE |
| 09581B103 | OWL | BLUE OWL CAPITAL INC | $7.4M | 0.26% | 494,639 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.