MKP Capital Management, L.L.C.

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
22
Total value ($000)
$2,809,443
Net value change ($000)
+229,292 (8.9%)
New positions
16
Sold out positions
4
Turnover %
37.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IVV 613,399 47.3%
RSP 99,994 NEW
EEM 90,983 NEW
BAC 60,500 NEW
KRE 48,329 NEW
NCLH 44,640 NEW
C 40,842 NEW
ITB 37,538 NEW
NDAQ 33,996 NEW
KWEB 30,417 NEW
Top Reduces (Value $000, Stocks/ETFs)
AAPL -318,594 -90.0%
AMZN -252,905 -100.0%
TJX -86,724 -100.0%
MSFT -86,032 -69.0%
COF -79,718 -100.0%
FXI -32,871 -27.3%
PG -24,277 -100.0%
GOOGL -22,971 -26.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type