MKP Capital Management, L.L.C.
Long book
$3.04B
Q1 2026
Positions
19
Top-10 weight
92%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
86%
of book per quarter
Strategy in plain words
auto-generated from filingsMKP Capital Management, L.L.C. is a wealth-management firm allocating client money, running a $3.04B US long book across 19 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES CORE S&P 500 ETF, STE STR SPDR PT S&P 500 ETF, BERKSHIRE HATHAWAY INC-CL B, APPLE INC, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+3.1%
Q3 2024
+6.1%
Q4 2024
-5.3%
Q1 2025
+10.4%
Q2 2025
+6.7%
Q3 2025
+4.1%
Q4 2025
-4.7%
Q1 2026
+15.0%
Sector allocation
Technology 39%
Financials 34%
Consumer discretionary 9%
Industrials 9%
Healthcare 4%
Other 4%
Energy 1%
Long book by quarter
What does MKP Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 430.1K | $206.1M | 6.8% | New |
| AAPL APPLE INC | Technology | 644.0K | $163.4M | 5.4% | +395.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 362.2K | $75.4M | 2.5% | New |
| GOOGL ALPHABET INC-CL A | Technology | 250.0K | $71.9M | 2.4% | +25.0% |
| JPM JPMORGAN CHASE & CO | Financials | 165.0K | $48.5M | 1.6% | New |
| CRWV COREWEAVE INC-CL A | Technology | 580.0K | $44.9M | 1.5% | New |
| GOOG ALPHABET INC-CL C | Technology | 150.0K | $43.0M | 1.4% | New |
| BE BLOOM ENERGY CORP- A | Industrials | 307.0K | $41.6M | 1.4% | New |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 549.0K | $34.4M | 1.1% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 25.0K | $33.0M | 1.1% | New |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 60.0K | $29.5M | 1.0% | New |
| SCHW SCHWAB (CHARLES) CORP | Financials | 300.0K | $28.2M | 0.9% | New |
| DVN DEVON ENERGY CORP | Energy | 95.1K | $4.8M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 19 | $3.04B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 22 | $2.81B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 12 | $2.58B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 8 | $1.95B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 7 | $7.20B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 4 | $2.03B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 14 | $1.17B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 27 | $1.65B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 7 | $1.08B | canonical | SEC ↗ |