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MKP Capital Management, L.L.C.

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13F filer, CIK 1534949, New York, NY

MKP Capital Management, L.L.C. reported $1,946,991,141 across 8 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-05.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002898

Period
2025-06-30
Reported value
$1.95B
Holdings
8
Top 10 weight
100%
New
5
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
IVVadded+384,083$238M
AMZNadded+658,000$144M
BACnew+1,713,000$81.1M
HDnew+209,000$76.6M
MSFTnew+105,000$52.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
XLFexited-5,140,000-$256M
AAPLexited-425,000-$94.4M
NVDAexited-708,000-$76.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-002898, largest first. % of portfolio is the value over $1,946,991,141, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,665,086 shares; 2025Q1: 1,809,274 shares; 2025Q2: 2,193,357 shares 2,193,357$1.36B69.95%+384,083Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 848,000 shares; 2024Q4: not reported; 2025Q1: 517,000 shares; 2025Q2: 1,175,000 shares 1,175,000$258M13.24%+658,000Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,713,000 shares 1,713,000$81.1M4.16%newTimeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 209,000 shares 209,000$76.6M3.94%newTimeline
BSVVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 970,000 shares; 2025Q2: 970,000 shares 970,000$76.3M3.92%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 357,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 105,000 shares 105,000$52.2M2.68%newTimeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 158,000 shares 158,000$25.2M1.29%newTimeline
QCOMQUALCOMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 100,000 shares 100,000$15.9M0.82%newTimeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IVVISHARES TR9,938,000$5.58Bcall
XLFSELECT SECTOR SPDR TR5,140,000$256Mshares
AAPLAPPLE INC425,000$94.4Mshares
NVDANVIDIA CORPORATION708,000$76.7Mshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-002898 base2025-08-05acceptance time not in the bulk data set