Clients
MKP Capital Management serves 8 clients, 7 of them pooled investment vehicles. The average client has about $1.61 billion with the firm.
- Pooled investment vehicles7 clients42%
- Sovereign wealth funds and foreign official institutions1 clients58%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 7 | $5,407,364,079 | 42.1% | $772.5M |
| Sovereign wealth funds and foreign official institutions | 1 | $7,445,189,084 | 57.9% | $7.45B |
| Total | 8 | $12,852,553,163 | 100% | $1.61B |
- Clients
- 7
- Regulatory AUM
- $5,407,364,079
- Share
- 42.1%
- Avg. per client
- $772.5M
- Clients
- 1
- Regulatory AUM
- $7,445,189,084
- Share
- 57.9%
- Avg. per client
- $7.45B
Total
- Clients
- 8
- Regulatory AUM
- $12,852,553,163
- Share
- 100%
- Avg. per client
- $1.61B
What it does
MKP Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
MKP Capital Management advises 2 private funds.
100.0% of assets ($12.85B across 8 accounts) are managed with discretion. 75% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks10%
- Bonds41%
- State and local bonds21%
- Sovereign bonds20%
- Cash8%
- Other41%
- Other includes cash fx, fx forwards and repurchase agreements (repo).36%
- Derivatives5%
Custodians
MKP Capital Management has custody of $1.29B for 3 clients.
- All other custodians$12.85B100%
Ownership and leadership
MKP Capital Management, L.P. owns 75% or more of MKP Capital Management, and Richard Lightburn is its CEO.
- Owns 75% or more of MKP Capital Management, L.L.C.
MKP Capital Management, L.P.
Control person · since January 2015
- Owns 50% to 75% of MKP Capital Management, L.P.
Patrick McMahon
Control person · since January 2015
MKP Capital Management GP, L.L.C.
General partner of mkp capital management, l.p. · Control person · since January 2015
Leadership
- Richard LightburnChief Executive Officer
- David NangleGeneral Counsel & Chief Compliance Officer
- Patrick McMahonChief Investment Officer
Staff
- 46 employees
- 20 in advisory functions
Reported holdings
MKP Capital Management’s reported 13F holdings total $3.70B across 24 positions, and the ten largest make up 93.2% of it.
- $3.70B
- Reported 13F value
- 24
- Positions
- 93.2%
- In the 10 largest
- +21.5%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500etf27.7%
- iShares TR · Core S&P500 ETF23.9%
- JPMORGAN Chase & CO12.6%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt10.4%
- Berkshire Hathaway Inc. Del · CL B New5.5%
- Citigroup Inc.3.6%
- Microsoft Corp.3.5%
- Goldman Sachs Group Inc.3.2%
- Vaneck ETF Trust · Gold Miners ETF1.5%
- Amazon Com Inc.1.4%
Together, the ten largest are 93.2% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $3.70B is not its $12.85B in regulatory assets and does not represent any individual client's portfolio.
Fees
MKP Capital Management is paid through a percentage of assets under management and performance-based fees.
MKP Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, MKP Capital Management has 3 offices, with 2 listed addresses across 2 states.
Florida · 1 listed address
- 801 Brickell Avenue, Miami
New York · 1 listed address
- 600 Lexington Avenue, 16th Floor, New YorkHQ
Other business names
MKP Capital Management has reported 2 other business names to the SEC.
- MKP Capital Asia Pte. LTD. (relying Adviser)
- MKP Capital Europe LLP (relying Adviser)
Registration details
- Legal name
- MKP Capital Management, L.L.C.
- Headquarters
- 600 Lexington Avenue, 16th Floor, New York, NY 10022
- Phone
- 212-303-7100
- Website
- www.mkpcap.com
- SEC file
- 801-58039
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does MKP Capital Management have?
MKP Capital Management has 8 clients and manages $12.9 billion for them, as of March 2026. They include 7 pooled investment vehicles and 1 sovereign wealth funds and foreign official institutions.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does MKP Capital Management offer?
MKP Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does MKP Capital Management have?
MKP Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 46 employees, and 20 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does MKP Capital Management invest in?
At the end of its last fiscal year, MKP Capital Management’s separately managed accounts held 36% other includes cash fx, fx forwards and repurchase agreements (repo)., 21% state and local bonds, 20% sovereign bonds, 10% exchange-traded equities, 8% cash and equivalents and 5% derivatives. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MKP Capital Management?
MKP Capital Management is owned through a holding company by Patrick McMahon. Its direct owner is MKP Capital Management, L.P. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does MKP Capital Management get paid?
MKP Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file