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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
+2.65%
1 Year Est. Return
+12.13%
3 Year Est. Return
+22.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$18.8M
AUM Growth
-$55.8M
Cap. Flow
-$55.6M
Cap. Flow %
-295.66%
Top 10 Hldgs %
68.8%
Holding
48
New
–
Increased
–
Reduced
8
Closed
7

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
HDRN
Hadron Energy
HDRN
+$15.2M
2
DRDB
Roman DBDR Acquisition Corp II
DRDB
+$10.1M
3
FACT
FACT II Acquisition Corp
FACT
+$9.59M
4
FTW
Presidio Production Co
FTW
+$8.85M
5
ALDF
Aldel Financial II Inc
ALDF
+$7.16M

Sector Composition

Rank Sector Weight
1 Financials 84.4%
2 Energy 3.31%
3 Industrials 2.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CME icon
1
CME Group
CME
$91.9B
$8.11M 43.07%
30,000
– –
FTW
2
Presidio Production Co
FTW
$355M
$623K 3.31%
60,000
-850,000
-93% -$8.85M
NTWO
3
Newbury Street II Acquisition Corp
NTWO
$259M
$570K 3.03%
55,000
– –
HDRN
4
Hadron Energy
HDRN
$142M
$528K 2.81%
50,000
-1,464,600
-97% -$15.2M
CUB
5
Lionheart Holdings
CUB
$283M
$527K 2.8%
50,000
– –
POLE
6
Andretti Acquisition Corp II
POLE
$318M
$523K 2.78%
50,000
– –
LPBB
7
Launch Two Acquisition Corp
LPBB
$309M
$523K 2.78%
50,000
-228,300
-82% -$2.38M
ALDF
8
Aldel Financial II Inc
ALDF
$320M
$523K 2.78%
50,000
-687,099
-93% -$7.16M
PLMK
9
Plum Acquisition Corp IV
PLMK
$257M
$516K 2.74%
50,000
– –
KFII
10
K&F Growth Acquisition Corp II
KFII
$416M
$511K 2.71%
50,000
– –
HVII
11
Hennessy Capital Investment Corp VII
HVII
$273M
$509K 2.7%
50,000
– –
GPAT
12
GP-Act III Acquisition Corp
GPAT
$392M
$451K 2.4%
42,500
– –
FACT
13
FACT II Acquisition Corp
FACT
$259M
$449K 2.39%
43,500
-932,200
-96% -$9.59M
ALF
14
Centurion Acquisition Corp
ALF
$448K 2.38%
42,500
– –
DRDBW
15
Roman DBDR Acquisition Corp II Warrants
DRDBW
$2.43M
$410K 2.18%
795,550
– –
HDRNW
16
Hadron Energy Warrant
HDRNW
$2.84M
$360K 1.91%
800,000
-664,600
-45% -$123K
LEGT
17
DELISTED
Legato Merger Corp III
LEGT
$323K 1.72%
30,000
– –
RFAI
18
RF Acquisition Corp II
RFAI
$92.4M
$322K 1.71%
30,000
– –
PCSC
19
DELISTED
Perceptive Capital Solutions
PCSC
$319K 1.69%
30,000
– –
GRAF
20
Graf Global Corp
GRAF
$154M
$316K 1.68%
30,000
– –
SIMA
21
SIM Acquisition Corp I
SIMA
$89.9M
$316K 1.68%
30,000
– –
VACH
22
DELISTED
Voyager Acquisition Corp
VACH
$315K 1.67%
30,000
– –
ALDFW
23
Aldel Financial II Inc Warrants
ALDFW
$242K 1.29%
443,729
– –
FTW.WS
24
Presidio Production Co Warrants
FTW.WS
$204K 1.08%
408,133
– –
VCIC
25
DELISTED
Vine Hill Capital Investment Corp
VCIC
$161K 0.86%
15,000
-15,000
-50% -$158K
1
2

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Kepos Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Kepos Capital held 48 positions worth $18.8M, down 75% from $74.6M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Kepos Capital withdrew a net $55.6M in Q3 2025, closing 7 positions and reducing 8 holdings. Its most notable exit was Roman DBDR Acquisition Corp II, an estimated $10.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 84% of assets, up from 63% a quarter earlier, followed by Energy and Industrials.

  • Kepos Capital's biggest Q3 2025 reduction was Hadron Energy, cutting an estimated $15.2M.
  • Kepos Capital fully exited Roman DBDR Acquisition Corp II in Q3 2025, selling an estimated $10.1M.
  • Kepos Capital's ten largest holdings make up 69% of its $18.8M portfolio in Q3 2025.
  • Kepos Capital opened 0 new positions and closed 7 in Q3 2025.
  • Kepos Capital's portfolio value fell 75% quarter-over-quarter to $18.8M.

Based on Kepos Capital's 13F filing for Q3 2025, filed 13 Nov 2025.