MKP Capital Management, L.L.C.
Hedge Fund • Global Macro
MKP Capital Management, L.L.C. is a Global Macro Hedge Fund based in New York, NY led by Richard Charles Lightburn, reporting $9.9B in AUM as of Q3 2025 with 60% ETF concentration, with only 10 positions, and 52% allocation to IVV.
CEORichard Charles Lightburn
- Portfolio Value
- $2.5B
- Positions
- 10
- Top Holding
- IVV at 52.03%
- Last Reported
- Q3 2025
Top Holdings
Largest long holdings in MKP Capital Management, L.L.C.'s portfolio (100% of total portfolio)
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| Holding | Sector | Position | Weight | Traded | Ownership |
|---|---|---|---|---|---|
ETF ETF | $1.3B | 52.03% | -$170.0M Sold | — 1.9M shares | |
Consumer Electronics Technology | $353.9M | 14.19% | +$353.9M Bought | 0.01% 1.4M shares | |
Specialty Retail Consumer Cyclical | $252.9M | 10.14% | -$5.1M Sold | 0.01% 1.2M shares | |
Software - Infrastructure Technology | $124.7M | 5.00% | +$70.3M Bought | 0.00% 240.8K shares | |
ETF ETF | $120.3M | 4.82% | +$120.3M Bought | — 2.9M shares | |
Apparel - Retail Consumer Cyclical | $86.7M | 3.48% | +$86.7M Bought | 0.05% 600.0K shares | |
Internet Content & Information Communication Services | $85.6M | 3.43% | +$85.6M Bought | 0.00% 352.0K shares | |
Financial - Credit Services Financial Services | $79.7M | 3.20% | +$79.7M Bought | 0.06% 375.0K shares | |
ETF ETF | $68.8M | 2.76% | +$68.8M Bought | — 2.2M shares | |
Household & Personal Products Consumer Defensive | $24.3M | 0.97% | — | 0.01% 158.0K shares |
Changes
Portfolio activity, position movements, and quarter-over-quarter changes in MKP Capital Management, L.L.C.'s latest filing
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Market Value
Q/Q Change
Net Flows % of MV
Turnover Ratio
New Purchases
Added To
Sold Out Of
Reduced Holdings
Increased Positions
| Position | Shares Δ |
|---|---|
+129.33% |
Decreased Positions
| Position | Shares Δ |
|---|---|
Sold | |
Sold | |
Sold | |
Sold | |
-11.58% |
Analytics
Portfolio insights and performance metrics for MKP Capital Management, L.L.C.
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