Vault-13

MKP Capital Management, L.L.C.

New York, NY · CIK 1534949 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2000 · limited liability company

As an employer

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

CityCountryPeople
New York, NY (main office)United States United Statesabout 13
Miami, FLUnited States United States4
LondonUnited Kingdom United Kingdom2
SingaporeSingapore Singapore1

US visa salary filings

Job titleFilingsMedianRange
Director, Associate Portfolio ManagerNew York, NY 1 $200,000
Associate, Risk & Portfolio AnalysisNew York, NY 1 $180,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: MKP CAPITAL MANAGEMENT LLC.

In the UK

CompanyTownStaffPay gap reportFCA register
MKP CAPITAL UK LTD Private Limited Company London

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.6bn reported value +19.2% vs Q1 2026
22positions
94.9%in top 10
15 new 2 added 5 reduced 12 sold out vs Q1 2026

Options: 1 call positions ($35.4m notional), 1 put positions ($33.8m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 SPDR SERIES TRUST PORTFOLIO S&P500 SPYM SPYM 11,650,400 $1.0bn28.22% 28.22% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 13.7m, Q2 2026 11.7m -2.0m -2,021,300 -14.8%
2 ISHARES TR CORE S&P500 ETF IVV IVV 1,179,376 $883.2m24.35% 24.35% ReducedShares held: Q3 2025 1.9m, Q4 2025 2.8m, Q1 2026 1.6m, Q2 2026 1.2m -439.6k -439,610 -27.1%
3 JPMORGAN CHASE & CO COM JPM JPM 1,423,000 $465.8m12.84% 12.84% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 165.0k, Q2 2026 1.4m +1.3m +1,258,000 762.4%
4 INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP RSP 1,806,000 $384.3m10.59% 10.59% NewShares held: Q3 2025 0, Q4 2025 522.0k, Q1 2026 0, Q2 2026 1.8m
5 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B BRK.B 405,500 $202.9m5.59% 5.59% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 430.1k, Q2 2026 405.5k -24.6k -24,600 -5.7%
6 CITIGROUP INC COM NEW C C 942,000 $131.8m3.63% 3.63% NewShares held: Q3 2025 0, Q4 2025 350.0k, Q1 2026 0, Q2 2026 942.0k
7 MICROSOFT CORP COM MSFT MSFT 342,500 $127.8m3.52% 3.52% NewShares held: Q3 2025 240.8k, Q4 2025 80.0k, Q1 2026 0, Q2 2026 342.5k
8 GOLDMAN SACHS GROUP INC COM GS GS 117,000 $118.3m3.26% 3.26% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 117.0k
9 VANECK ETF TRUST GOLD MINERS ETF GDX GDX 712,500 $53.8m1.48% 1.48% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 197.0k, Q2 2026 712.5k +515.5k +515,500 261.7%
10 AMAZON COM INC COM AMZN AMZN 219,825 $52.4m1.44% 1.44% ReducedShares held: Q3 2025 1.2m, Q4 2025 0, Q1 2026 362.2k, Q2 2026 219.8k -142.3k -142,340 -39.3%
11 SELECT SECTOR SPDR TR INDL XLI XLI 207,500 $38.4m1.06% 1.06% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 207.5k
12 ISHARES INC MSCI BRAZIL ETF EWZ EWZ 1,010,000 $34.8m0.96% 0.96% ReducedShares held: Q3 2025 2.2m, Q4 2025 2.3m, Q1 2026 1.1m, Q2 2026 1.0m -63.0k -63,000 -5.9%
13 VANECK ETF TRUST SEMICONDUCTR ETF SMH SMH 43,900 $28.8m0.79% 0.79% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 43.9k
14 NVIDIA CORPORATION COM NVDA NVDA 104,000 $20.8m0.57% 0.57% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 104.0k
15 ISHARES INC MSCI JPN ETF NEW EWJ EWJ 159,300 $14.9m0.41% 0.41% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 159.3k
16 VICTORY PORTFOLIOS II SHARES FREE CASH VFLO VFLO 219,000 $10.0m0.28% 0.28% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 219.0k
17 ISHARES TR MSCI INDIA ETF INDA INDA 202,000 $10.0m0.28% 0.28% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 202.0k
18 BROADCOM INC COM AVGO AVGO 24,000 $9.1m0.25% 0.25% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 24.0k
19 ISHARES INC MSCI STH KOR ETF EWY EWY 43,248 $8.7m0.24% 0.24% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 43.2k
20 CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO CRDO 10,450 $2.8m0.08% 0.08% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 10.4k
21 VERTIV HOLDINGS CO COM CL A VRT VRT 8,200 $2.7m0.08% 0.08% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 8.2k
22 GE VERNOVA INC COM GEV GEV 2,245 $2.6m0.07% 0.07% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 2.2k

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
APPLE INC AAPL AAPL 644,000 $163.4m644.0k shares
ALPHABET INC GOOGL GOOGL 250,000 $71.9m250.0k shares
ISHARES TR EEM EEM 861,000 $48.9m861.0k shares
COREWEAVE INC CRWV CRWV 580,000 $44.9m580.0k shares
ALPHABET INC GOOG GOOG 150,000 $43.0m150.0k shares
BLOOM ENERGY CORP BE BE 307,000 $41.6m307.0k shares
BOSTON SCIENTIFIC CORP BSX BSX 549,000 $34.4m549.0k shares
ASML HOLDING N V ASML ASML 25,000 $33.0m25.0k shares
THERMO FISHER SCIENTIFIC INC TMO TMO 60,000 $29.5m60.0k shares
SCHWAB CHARLES CORP SCHW SCHW 300,000 $28.2m300.0k shares
SELECT SECTOR SPDR TR XLE XLE 98,000 $6.0m98.0k shares
DEVON ENERGY CORP NEW DVN DVN 95,093 $4.8m95.1k shares

Options (notional value)

UnderlyingTickerTypeShares controlled NotionalChange
MICROSOFT CORP MSFT · Call MSFTCall 94,800 $35.4m94.8k shares New
VANECK ETF TRUST GDX · Put GDXPut 51,500 $33.8m51.5k shares New