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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
+8.48%
1 Year Est. Return
+12.13%
3 Year Est. Return
+22.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$74.6M
AUM Growth
-$46.1M
Cap. Flow
-$49.9M
Cap. Flow %
-66.92%
Top 10 Hldgs %
88.49%
Holding
53
New
–
Increased
–
Reduced
7
Closed
5

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
GSRT
GSR III Acquisition Corp
GSRT
+$9.98M
2
NTWO
Newbury Street II Acquisition Corp
NTWO
+$7.7M
3
TIC
TIC Solutions Inc
TIC
+$7.01M
4
DRDB
Roman DBDR Acquisition Corp II
DRDB
+$6.23M
5
LPBB
Launch Two Acquisition Corp
LPBB
+$5.67M

Sector Composition

Rank Sector Weight
1 Financials 62.54%
2 Industrials 21.07%
3 Energy 12.82%
4 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDRN
1
Hadron Energy
HDRN
$142M
$15.7M 21.07%
1,514,600
– –
DRDB
2
Roman DBDR Acquisition Corp II
DRDB
$324M
$10.1M 13.54%
980,000
-611,100
-38% -$6.23M
FACT
3
FACT II Acquisition Corp
FACT
$259M
$10.1M 13.49%
975,700
– –
FTW
4
Presidio Production Co
FTW
$355M
$9.56M 12.82%
910,000
-374,399
-29% -$3.86M
CME icon
5
CME Group
CME
$91.9B
$8.27M 11.08%
30,000
– –
ALDF
6
Aldel Financial II Inc
ALDF
$320M
$7.73M 10.36%
737,099
-200,359
-21% -$2.07M
LPBB
7
Launch Two Acquisition Corp
LPBB
$309M
$2.9M 3.89%
278,300
-550,000
-66% -$5.67M
OACC
8
Oaktree Acquisition Corp III Life Sciences
OACC
$263M
$575K 0.77%
55,000
– –
NTWO
9
Newbury Street II Acquisition Corp
NTWO
$259M
$567K 0.76%
55,000
-756,800
-93% -$7.7M
CUB
10
Lionheart Holdings
CUB
$283M
$525K 0.7%
50,000
– –
POLE
11
Andretti Acquisition Corp II
POLE
$318M
$519K 0.7%
50,000
– –
PLMK
12
Plum Acquisition Corp IV
PLMK
$257M
$514K 0.69%
50,000
– –
GSRTR
13
DELISTED
GSR III Acquisition Corp Right
GSRTR
$512K 0.69%
75,000
-60,283
-45% -$225K
KFII
14
K&F Growth Acquisition Corp II
KFII
$416M
$509K 0.68%
50,000
– –
HVII
15
Hennessy Capital Investment Corp VII
HVII
$273M
$508K 0.68%
50,000
– –
BEAG
16
Bold Eagle Acquisition Corp
BEAG
$334M
$471K 0.63%
45,000
– –
GPAT
17
GP-Act III Acquisition Corp
GPAT
$392M
$448K 0.6%
42,500
– –
ALF
18
Centurion Acquisition Corp
ALF
$447K 0.6%
42,500
– –
DRDBW
19
Roman DBDR Acquisition Corp II Warrants
DRDBW
$2.43M
$398K 0.53%
795,550
– –
LEGT
20
DELISTED
Legato Merger Corp III
LEGT
$320K 0.43%
30,000
– –
PCSC
21
DELISTED
Perceptive Capital Solutions
PCSC
$319K 0.43%
30,000
– –
RFAI
22
RF Acquisition Corp II
RFAI
$92.4M
$317K 0.42%
30,000
– –
GRAF
23
Graf Global Corp
GRAF
$154M
$314K 0.42%
30,000
– –
SIMA
24
SIM Acquisition Corp I
SIMA
$89.9M
$313K 0.42%
30,000
– –
VACH
25
DELISTED
Voyager Acquisition Corp
VACH
$312K 0.42%
30,000
– –
1
2 3

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Kepos Capital's Q2 2025 Portfolio in Review

As of Q2 2025, Kepos Capital held 53 positions worth $74.6M, down 38% from $121M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Kepos Capital withdrew a net $49.9M in Q2 2025, closing 5 positions and reducing 7 holdings. Its most notable exit was GSR III Acquisition Corp, an estimated $9.98M position sold in full.

By sector, the portfolio is most concentrated in Financials at 63% of assets, down from 68% a quarter earlier, followed by Industrials and Energy.

  • Kepos Capital's biggest Q2 2025 reduction was Newbury Street II Acquisition Corp, cutting an estimated $7.7M.
  • Kepos Capital fully exited GSR III Acquisition Corp in Q2 2025, selling an estimated $9.98M.
  • Kepos Capital's ten largest holdings make up 88% of its $74.6M portfolio in Q2 2025.
  • Kepos Capital opened 0 new positions and closed 5 in Q2 2025.
  • Kepos Capital's portfolio value fell 38% quarter-over-quarter to $74.6M.

Based on Kepos Capital's 13F filing for Q2 2025, filed 12 Aug 2025.