{"url":"https://nivawealth.com/firms/mkp-capital-management-113851","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/113851","regulatoryAum":12852553163,"crd":"113851","secFileNumber":"801-58039","legalName":"MKP Capital Management, L.L.C.","displayName":"MKP Capital Management","website":"https://www.mkpcap.com","linkedinUrl":"https://www.linkedin.com/company/mkp-capital","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"600 Lexington Avenue, 16th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022"},"tradeNames":["MKP Capital Asia Pte. LTD. (relying Adviser)","MKP Capital Europe LLP (relying Adviser)"],"registration":{"secApproved":"23 October 2000","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":46,"advisory":20,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":12852553163,"discretionaryAccounts":8,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":75,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":5407364079},{"label":"Sovereign wealth funds and foreign official institutions","clients":1,"regulatoryAum":7445189084}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"MKP Capital Management has custody of $1.29B for 3 clients.","otherCustodians":[],"leadership":[{"name":"Richard Lightburn","title":"Chief Executive Officer","crd":"2083470"},{"name":"David Nangle","title":"General Counsel & Chief Compliance Officer","crd":"5582541"},{"name":"Patrick McMahon","title":"Chief Investment Officer","crd":"1775680"}],"ownership":[{"label":"MKP Capital Management, L.P.","detail":"Shareholder of mkp capital management, l.l.c. in the 75% or more ownership band and a control person, since January 2015."},{"label":"MKP Capital Management GP, L.L.C.","detail":"Indirect owner: general partner of mkp capital management, l.p. of MKP Capital Management, L.P. and a control person, since January 2015.","parent":"MKP Capital Management, L.P."},{"label":"Patrick McMahon","detail":"Indirect owner: a limited partner of mkp capital management, l.p. of MKP Capital Management, L.P. in the 50% to 75% band and a control person, since January 2015.","parent":"MKP Capital Management, L.P."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"801 Brickell Avenue","city":"Miami"}]},{"state":"New York","offices":1,"addresses":[{"street":"600 Lexington Avenue, 16th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-303-7100","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"U.S. state and local bonds","percent":21},{"label":"Sovereign bonds","percent":20},{"label":"Derivatives","percent":5},{"label":"Cash and cash equivalents","percent":8},{"label":"Other","percent":36,"detail":"Other Includes Cash FX, FX Forwards and Repurchase Agreements (repo)."}],"privateFunds":2},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/113851/PDF/113851.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does MKP Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does MKP Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does MKP Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does MKP Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns MKP Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does MKP Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/mkp-capital-management-113851/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-07","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1534949/000117266126003156/0001172661-26-003156-index.html","totalValue":3697005038,"positionCount":24,"top10Share":0.9315931519160673,"top10":[{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR P500ETF","cusip":"78464A854","value":1023837152,"shares":11650400,"shareType":"SH","priorValue":1046431918,"priorShares":13671700},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":883222893,"shares":1179376,"shareType":"SH","priorValue":1057537845,"priorShares":1618986},{"issuer":"JPMORGAN CHASE & 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}