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KC

Kepos Capital Portfolio holdings

AUM $61.3M
1-Year Est. Return 12.13%
This Fund
S&P 500
This Quarter Est. Return
-0.38%
1 Year Est. Return
+12.13%
3 Year Est. Return
+22.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$17.6M
AUM Growth
-$1.21M
Cap. Flow
-$1.03M
Cap. Flow %
-5.86%
Top 10 Hldgs %
74.96%
Holding
42
New
1
Increased
–
Reduced
4
Closed
5

Top Buys

Rank Stock Value
1
CNCK
Coincheck Group
CNCK
+$1.03M

Top Sells

Rank Stock Value
1
HDRN
Hadron Energy
HDRN
+$528K
2
HVII
Hennessy Capital Investment Corp VII
HVII
+$509K
3
HDRNW
Hadron Energy Warrant
HDRNW
+$360K
4
PCSC
Perceptive Capital Solutions
PCSC
+$319K
5
LEGT
Legato Merger Corp III
LEGT
+$163K

Sector Composition

Rank Sector Weight
1 Financials 88.19%
2 Energy 3.57%
3 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DAVEW icon
26
Dave Inc Warrants
DAVEW
$34.2M
$60K 0.34%
66,307
– –
BDMDW
27
Baird Medical Investment Holdings Warrant
BDMDW
$541K
$25K 0.14%
416,479
– –
COOTW
28
Australian Oilseeds Holdings Ltd Warrant
COOTW
$150K
$13K 0.07%
800,000
-329,568
-29% -$10.5K
SMXWW
29
SMX (Security Matters) Public Ltd Warrant
SMXWW
$664K
$9K 0.05%
195,000
– –
VLN.WS
30
DELISTED
Valens Semiconductor Ltd Warrants
VLN.WS
$8K 0.05%
333,309
– –
KTTAW icon
31
Pasithea Therapeutics Warrants
KTTAW
$25.5K
$5K 0.03%
334,600
– –
SLXNW
32
Silexion Therapeutics Warrant
SLXNW
$178K
$3K 0.02%
100,000
– –
MSPRW
33
DELISTED
MSP Recovery Inc Warrant
MSPRW
$3K 0.02%
7,400,000
– –
CLNNW
34
DELISTED
Clene Inc Warrant
CLNNW
$2K 0.01%
886,592
– –
SWVLW icon
35
Swvl Holdings Corp Warrant
SWVLW
$1K 0.01%
133,333
– –
ZAPPW
36
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
$1K 0.01%
220,866
– –
SONDW
37
DELISTED
Sonder Holdings Inc Warrants
SONDW
$0 ﹤0.01%
26,780
– –
HDRN
38
Hadron Energy
HDRN
$117M
– –
-50,000
Closed -$528K
PCSC
39
DELISTED
Perceptive Capital Solutions
PCSC
– –
-30,000
Closed -$319K
HDRNW
40
Hadron Energy Warrant
HDRNW
$3.6M
– –
-800,000
Closed -$360K
VCIC
41
DELISTED
Vine Hill Capital Investment Corp
VCIC
– –
-15,000
Closed -$161K
HVII
42
Hennessy Capital Investment Corp VII
HVII
$273M
– –
-50,000
Closed -$509K
1
2

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CP
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TCM
Tuttle Capital Management Riverside, Connecticut $60.8M AUM 17.47% 1-Year Est. Return
TCDRS
Texas County & District Retirement System Austin, Texas $60.8M AUM 29.03% 1-Year Est. Return
ACM
AREX Capital Management New York $60.5M AUM 45.91% 1-Year Est. Return
BGPJL
Bregal General Partner Jersey Ltd St. Helier, Jersey $62.3M AUM
CMANY
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AC
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Kepos Capital's Q4 2025 Portfolio in Review

As of Q4 2025, Kepos Capital held 42 positions worth $17.6M, down 6.4% from $18.8M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Kepos Capital withdrew a net $1.03M in Q4 2025, closing 5 positions and reducing 4 holdings. Its most notable exit was Hadron Energy, an estimated $528K position sold in full.

By sector, the portfolio is most concentrated in Financials at 88% of assets, up from 84% a quarter earlier, followed by Energy and Industrials.

Against the trend, Kepos Capital opened a new position in Coincheck Group worth $661K.

  • Kepos Capital's largest Q4 2025 buy was Coincheck Group: 262,145 shares worth $661K.
  • Kepos Capital's biggest Q4 2025 reduction was Legato Merger Corp III, cutting an estimated $163K.
  • Kepos Capital fully exited Hadron Energy in Q4 2025, selling an estimated $528K.
  • Kepos Capital's ten largest holdings make up 75% of its $17.6M portfolio in Q4 2025.
  • Kepos Capital opened 1 new position and closed 5 in Q4 2025.
  • Kepos Capital's portfolio value fell 6.4% quarter-over-quarter to $17.6M.

Based on Kepos Capital's 13F filing for Q4 2025, filed 12 Feb 2026.