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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
+1.44%
1 Year Est. Return
+12.13%
3 Year Est. Return
+22.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$116M
AUM Growth
-$112M
Cap. Flow
-$113M
Cap. Flow %
-97.99%
Top 10 Hldgs %
87.92%
Holding
254
New
25
Increased
1
Reduced
18
Closed
197

Top Buys

Rank Stock Value
1
DRDBU
Roman DBDR Acquisition Corp II Unit
DRDBU
+$15.8M
2
FTW
Presidio Production Co
FTW
+$12.8M
3
GSRTU
GSR III Acquisition Corp Unit
GSRTU
+$9.97M
4
FACTU
FACT II Acquisition Corp Unit
FACTU
+$9.72M
5
ALDFU
Aldel Financial II Inc Units
ALDFU
+$9.38M

Top Sells

Rank Stock Value
1
HES
Hess
HES
+$36M
2
FTW.U
EQV Ventures Acquisition Corp Units
FTW.U
+$15.8M
3
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$13M
4
QDEL icon
QuidelOrtho
QDEL
+$6.84M
5
LNTH icon
Lantheus
LNTH
+$5.49M

Sector Composition

Rank Sector Weight
1 Financials 26.36%
2 Industrials 13.24%
3 Energy 11.08%
4 Communication Services 0.35%
5 Technology 0.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTS icon
201
Vitesse Energy
VTS
$636M
– –
-4,157
Closed -$100K
WAT icon
202
Waters Corp
WAT
$37.3B
– –
-268
Closed -$96K
WBD icon
203
Warner Bros
WBD
$63.9B
– –
-225,000
Closed -$1.86M
WM icon
204
Waste Management
WM
$90.9B
– –
-194
Closed -$40K
WMS icon
205
Advanced Drainage Systems
WMS
$10.5B
– –
-483
Closed -$76K
WTRG icon
206
Essential Utilities
WTRG
$11.4B
– –
-2,268
Closed -$87K
WTS icon
207
Watts Water Technologies
WTS
$11.5B
– –
-498
Closed -$103K
XYL icon
208
Xylem
XYL
$27.3B
– –
-3,047
Closed -$411K
YORW icon
209
York Water
YORW
$501M
– –
-1,182
Closed -$44K
YUM icon
210
Yum! Brands
YUM
$43.3B
– –
-242
Closed -$34K
ZWS icon
211
Zurn Elkay Water Solutions
ZWS
$8.31B
– –
-2,431
Closed -$87K
LEGT.WS
212
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
– –
-175,000
Closed -$30K
CHEB.U
213
DELISTED
Chenghe Acquisition II Co. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
CHEB.U
– –
-100,000
Closed -$1.05M
ALFUU
214
Centurion Acquisition Corp Unit
ALFUU
– –
-225,000
Closed -$2.26M
CUBWU
215
Lionheart Holdings Unit
CUBWU
– –
-300,000
Closed -$3.03M
GPATW
216
GP-Act III Acquisition Corp Warrants
GPATW
$2.3M
– –
-300,000
Closed -$33K
RFAIR
217
RF Acquisition Corp II Right
RFAIR
– –
-250,000
Closed -$16K
SIMAU
218
SIM Acquisition Corp I Unit
SIMAU
$219M
– –
-100,000
Closed -$1M
FLD
219
Fold Holdings
FLD
$22.9M
– –
-479,100
Closed -$5.2M
FTW.U
220
DELISTED
EQV Ventures Acquisition Corp Units
FTW.U
– –
-1,590,000
Closed -$15.8M
HPAI
221
Helport AI
HPAI
$18.3M
– –
-7,590
Closed -$37K
TXNM
222
TXNM Energy Inc
TXNM
$6.42B
– –
-1,855
Closed -$81K
VACHU
223
DELISTED
Voyager Acquisition Corp Unit
VACHU
– –
-250,000
Closed -$2.5M
GRAF.WS
224
DELISTED
Graf Global Corp Warrants
GRAF.WS
– –
-50,000
Closed -$7K
HONDU
225
DELISTED
HCM II Acquisition Corp Unit
HONDU
– –
-100,000
Closed -$1M
7 8
9
10 11

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CP
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TCDRS
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ACM
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BGPJL
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CMANY
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NI
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Kepos Capital's Q4 2024 Portfolio in Review

As of Q4 2024, Kepos Capital held 254 positions worth $116M, down 49% from $228M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Kepos Capital withdrew a net $113M in Q4 2024, closing 197 positions and reducing 18 holdings. Its most notable exit was Hess, an estimated $36M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 27% a quarter earlier, followed by Industrials and Energy.

Against the trend, Kepos Capital opened a new position in Roman DBDR Acquisition Corp II Unit worth $15.9M.

  • Kepos Capital's largest Q4 2024 buy was Roman DBDR Acquisition Corp II Unit: 1,591,100 shares worth $15.9M.
  • Kepos Capital added most to iShares iBoxx $ High Yield Corporate Bond ETF in Q4 2024, an estimated $222K increase.
  • Kepos Capital's biggest Q4 2024 reduction was GP-Act III Acquisition Corp, cutting an estimated $3.86M.
  • Kepos Capital fully exited Hess in Q4 2024, selling an estimated $36M.
  • Kepos Capital's ten largest holdings make up 88% of its $116M portfolio in Q4 2024.
  • Kepos Capital opened 25 new positions and closed 197 in Q4 2024.
  • Kepos Capital's portfolio value fell 49% quarter-over-quarter to $116M.

Based on Kepos Capital's 13F filing for Q4 2024, filed 11 Feb 2025.