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MKP Capital Management, L.L.C.
Patrick McMahon · Hedge Fund · Macro
MKP Capital Management, L.L.C., founded in 1995, is a global alternative investment manager headquartered in New York City with additional offices in Miami, London, and Singapore. The firm is an employee-owned hedge fund sponsor that primarily serves institutional clients, including pension funds, sovereign wealth funds, and endowments. MKP specializes in discretionary global macro and relative value strategies, focusing on global rates, currencies, credit, equities, and commodities. The firm's long-term investment approach emphasizes rigorous research, active risk management, and diversifying uncorrelated alpha strategies. Under the leadership of its founder, the firm utilizes both fundamental analysis and sophisticated macroeconomic forecasting to produce absolute returns across various market cycles.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +11.4% |
| YTD return | +3.8% |
| Sharpe ratio | 2.63 |
| Win rate | 38% |
| AUM | $1.2B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.2B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://mkpcap.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| JPM | JPMorgan Chase & Co | 41.7% | -0.9% |
| BRK-A | Berkshire Hathaway Inc | 16.6% | +4.8% |
| MSFT | Microsoft Corporation | 13.6% | -0.4% |
| C | Citigroup Inc | 10.4% | -5.1% |
| GS | Goldman Sachs Group Inc | 9.8% | -9.1% |
| AMZN | Amazon.com Inc | 4.8% | +13.7% |
| NVDA | NVIDIA Corporation | 1.9% | -1.3% |
| AVGO | Broadcom Inc | 0.8% | -8.7% |
| CRDO | Credo Technology Group Holding Ltd | 0.2% | -30.9% |
| VRT | Vertiv Holdings Co | 0.2% | -15.2% |
| GEV | GE Vernova LLC | 0.2% | -11.4% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 17, 2026 | BUY | GEV | 0.0% → 0.2% |
| Aug 17, 2026 | SELL | BRK-A | 20.9% → 16.6% |
| Aug 17, 2026 | SELL | CRWV | 6.2% → 0.0% |
| Aug 17, 2026 | BUY | GS | 0.0% → 9.8% |
| Aug 17, 2026 | BUY | MSFT | 0.0% → 13.6% |
Investment Style Analysis
MKP Capital Management, L.L.C. is widely recognized for employing a Macro strategy. As of Sep 18, 2026, the firm oversees approximately $1.2B in assets under management (AUM). The portfolio demonstrates a clear preference for the Banks - Diversified and Insurance - Diversified sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 17, MKP Capital Management, L.L.C. made a significant move by increasing exposure to GEV. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
MKP Capital Management combines discretionary decision making with sophisticated macroeconomic forecasting to build uncorrelated global macro strategies that aim to deliver absolute returns across market cycles. The firm’s philosophy is anchored by a disciplined, repeatable investment process within a strong risk-management framework. MKP believes that integrity, transparency, and alignment of interests are essential pillars of its business model. By focusing on deep research and analyzing a wide range of outcomes, the firm seeks to identify and capitalize on investment opportunities in global fixed income, currencies, and commodities while prioritizing the preservation of capital.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with MKP Capital Management, L.L.C..
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Frequently asked questions
How is the simulated portfolio for MKP Capital Management, L.L.C. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is MKP Capital Management, L.L.C.'s largest holding?
As of the latest filing, MKP Capital Management, L.L.C.'s top position is JPMorgan Chase & Co (JPM), representing 41.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is MKP Capital Management, L.L.C.'s historical performance and risk profile?
Our simulation indicates a total return of +11.4% with a win rate of 38%. Notably, the portfolio maintains a Sharpe Ratio of 2.63, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does MKP Capital Management, L.L.C. primarily invest in?
MKP Capital Management, L.L.C. has a strong preference for the Banks - Diversified sector, which makes up 52.1% of their disclosed assets. The portfolio also has exposure to Insurance - Diversified, indicating a specific thematic focus.
Is MKP Capital Management, L.L.C.'s portfolio concentrated or diversified?
MKP Capital Management, L.L.C. runs a highly concentrated portfolio with 11 disclosed positions. The top 3 holdings alone account for 71.8% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has MKP Capital Management, L.L.C. performed in 2026?
Our AI-simulated model portfolio for MKP Capital Management, L.L.C. tracks a Year-to-Date (YTD) return of +3.8%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Patrick McMahon manage MKP Capital Management, L.L.C. directly?
Yes, Patrick McMahon serves as the key portfolio manager for MKP Capital Management, L.L.C., overseeing the investment strategy and final capital allocation decisions.