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New York, NY, based Investment company MKP Capital Management, L.L.C. buys iShares iBoxx $ Investment Gradeorate Bond, sells SPDR S&P Bank during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, MKP Capital Management, L.L.C.. As of 2016-12-31, MKP Capital Management, L.L.C. owns 6 stocks with a total value of $232 million. These are the details of the buys and sells.

• New Purchases: LQD,

• Sold Out: KBE,

• Warning! GuruFocus has detected 2 Warning Sign with MMRTY. Click here to check it out.

• LQD 15-Year Financial Data

• The intrinsic value of LQD

• Peter Lynch Chart of LQD

For the details of MKP Capital Management, L.L.C.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MKP+Capital+Management%2C+L.L.C.

These are the top 5 holdings of MKP Capital Management, L.L.C.

1. iShares iBoxx $ Investment Grade Corporate Bond (LQD) - 824,000 shares, 41.57% of the total portfolio. New Position

2. SPDR Select Sector Fund - Consumer Discretionary (XLY) - 500,000 shares, 17.52% of the total portfolio.

3. Sprint Corp (S) - 4,370,000 shares, 15.84% of the total portfolio.

4. SPDR Select Sector Fund - Health Care (XLV) - 500,000 shares, 14.84% of the total portfolio.

5. iShares MSCI Emerging Index Fund (EEM) - 500,000 shares, 7.54% of the total portfolio.

New Purchase: iShares iBoxx $ Investment Grade Corporate Bond (LQD)

MKP Capital Management, L.L.C. initiated holdings in iShares iBoxx $ Investment Grade Corporate Bond. The purchase prices were between $115.6 and $122.51, with an estimated average price of $118.77. The stock is now traded at around $117.20. The impact to the portfolio due to this purchase was 41.57%. The holdings were 824,000 shares as of 2016-12-31.

Sold Out: SPDR S&P Bank (KBE)

MKP Capital Management, L.L.C. sold out the holdings in SPDR S&P Bank. The sale prices were between $33.21 and $44.16, with an estimated average price of $38.75.

Here is the complete portfolio of MKP Capital Management, L.L.C.. Also check out:


1. MKP Capital Management, L.L.C.'s Undervalued Stocks

2. MKP Capital Management, L.L.C.'s Top Growth Companies, and

3. MKP Capital Management, L.L.C.'s High Yield stocks

4. Stocks that MKP Capital Management, L.L.C. keeps buyingThis article first appeared on GuruFocus.

• Warning! GuruFocus has detected 2 Warning Sign with MMRTY. Click here to check it out.

• LQD 15-Year Financial Data

• The intrinsic value of LQD

• Peter Lynch Chart of LQD