KC
Kepos Capital LP — 13F Portfolio Report & Top Holdings (Q2 2026)
Kepos Capital LPCIK: 0001512020
Diversified strategySector-focusedContrarian
Total reported value
$73.4M
Reporting period: 2026-06-30 · Number of holdings: 184
Kepos Capital LP disclosed 184 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $73.4M and a quarterly turnover rate of 84.6%.
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Personality snowflake
- Concentration
- 8.17
- Portfolio Stability
- 84.58
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 83.35
Kepos Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 49 equally-sized positions, well below its 184 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.66), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 9% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim CME
0.0% -$2.2M
Sold out G2851K120
Sold out G2294A127
New buy G19316127
New buy G3624C106
New buy G2851K104
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CME | Cme Group Inc | Stock-Financials | 9.03% | -5.43% | — | |
| 2 | ✓ | Stock-Other | 3.07% | +3.07% | NEW | ||
| 3 | ✓ | Stock-Other | 3.04% | +3.04% | NEW | ||
| 4 | ✓ | Praetorian Acquisition CORP | Stock-Other | 3.01% | -0.55% | — | |
| 5 | ✓ | Drugs Made In Amer Acq Ii Co | Stock-Other | 2.88% | +2.88% | NEW | |
| 6 | ✓ | Stock-Other | 2.70% | +2.70% | NEW | ||
| 7 | ✓ | Xsolla Spac 1 | Stock-Other | 2.50% | -0.47% | — | |
| 8 | ✓ | Stock-Other | 2.50% | +2.50% | NEW | ||
| 9 | ✓ | Armada Acquisition CORP Iii | Stock-Other | 2.04% | +2.04% | NEW | |
| 10 | ✓ | Stock-Other | 1.90% | +1.90% | NEW | ||
| 11 | ✓ | Stock-Other | 1.79% | -0.33% | — | ||
| 12 | ✓ | Gigcapital9 CORP | Stock-Other | 1.69% | +1.69% | NEW | |
| 13 | ✓ | Stock-Other | 1.69% | +1.69% | NEW | ||
| 14 | ✓ | Eqv Ventures Ac CORP. Ii | Stock-Other | 1.39% | -0.26% | — | |
| 15 | ✓ | K2 Cap Acquisition CORP | Stock-Other | 1.36% | -0.25% | — | |
| 16 | ✓ | Stock-Other | 1.35% | +1.35% | NEW | ||
| 17 | ✓ | Iris Acquisition CORP Ii | Stock-Other | 1.35% | -0.25% | — | |
| 18 | ✓ | Lafayette Acquisition CORP | Stock-Other | 1.31% | -0.25% | — | |
| 19 | ✓ | Soren Acquisition CORP | Stock-Other | 1.28% | -0.25% | — | |
| 20 | ✓ | Stock-Other | 1.22% | +1.22% | NEW | ||
| 21 | ✓ | Stock-Other | 1.15% | +1.15% | NEW | ||
| 22 | ✓ | Cambridge Acquisition CORP | Stock-Other | 1.15% | +1.15% | NEW | |
| 23 | ✓ | Stock-Other | 1.11% | -0.22% | — | ||
| 24 | ✓ | Stock-Other | 1.10% | +1.10% | NEW | ||
| 25 | ✓ | Stock-Other | 1.09% | +1.09% | NEW | ||
| 26 | ✓ | Stock-Other | 1.08% | +1.08% | NEW | ||
| 27 | ✓ | Silicon Vy Acquisition CORP | Stock-Other | 1.07% | -0.19% | — | |
| 28 | ✓ | Blue Wtr Acquisition CORP. I | Stock-Other | 1.05% | -0.21% | — | |
| 29 | ✓ | Evolution Global Acquisition | Stock-Other | 1.02% | +1.02% | NEW | |
| 30 | ✓ | Stock-Other | 1.02% | +1.02% | NEW | ||
| 31 | ✓ | Stock-Other | 1.02% | +1.02% | NEW | ||
| 32 | ✓ | Stock-Other | 1.02% | +1.02% | NEW | ||
| 33 | ✓ | Stock-Other | 1.02% | +1.02% | NEW | ||
| 34 | ✓ | Stock-Other | 1.01% | +1.01% | NEW | ||
| 35 | ✓ | M Evo Gbl Acquisition CORP I | Stock-Other | 0.99% | -0.19% | — | |
| 36 | ✓ | Stock-Other | 0.95% | +0.95% | NEW | ||
| 37 | ✓ | Stock-Other | 0.82% | +0.82% | NEW | ||
| 38 | ✓ | Newbury Str Ii Acquisition C | Stock-Other | 0.80% | -0.14% | — | |
| 39 | FTW-WS | Presidio Pubco Inc | Stock-Other | 0.75% | +0.22% | — | |
| 40 | ✓ | Meshflow Acquisition CORP | Stock-Other | 0.74% | -0.14% | — | |
| 41 | CUBWW | Lionheart Holdings | Stock-Other | 0.73% | -0.15% | — | |
| 42 | ✓ | Stock-Other | 0.73% | -0.14% | — | ||
| 43 | ✓ | Stock-Other | 0.73% | -0.14% | — | ||
| 44 | ✓ | Aldel Finl Ii Inc | Stock-Other | 0.73% | -0.13% | — | |
| 45 | ✓ | Stock-Other | 0.73% | -0.13% | — | ||
| 46 | ✓ | Stock-Other | 0.72% | -0.13% | — | ||
| 47 | ✓ | Activate Energy Acquisit Cor | Stock-Other | 0.72% | -0.13% | — | |
| 48 | ✓ | American Drive Acquisition C | Stock-Other | 0.71% | -0.13% | — | |
| 49 | ✓ | Stock-Other | 0.71% | -0.13% | — | ||
| 50 | ✓ | Stock-Other | 0.70% | -0.13% | — |
1–50 of 184
Portfolio Performance
Performance for Q3 2026
—
Performance Last 4 Quarters
+6.9%
Based on 18% of reported portfolio value with available pricing
- Stdev
- +14.7%
- Beta
- +0.6
- Alpha
- +3.4%
- Max Drawdown
- -6.8%
- Annualized Perf
- +19%
- Batting Avg vs S&P
- +38.1%
- Sortino
- +2.43
- Stutzer
- +0.37
- Treynor
- +0.31
- Sterling
- +1.17
- Calmar
- +2.79
- Information Ratio
- -0.49
- Tracking Error
- +13.1%
- Stdev Down
- +7.6%
- Winning Months %
- +61.9%
- Losing Months %
- +38.1%
- Best 12 Months
- +32.2%
- Worst 12 Months
- +17.4%
- Efficiency Ratio
- +0.45
- Sharpe
- +1.26
- Stdev Sectors
- 0%
- Skewness
- -0.29
- Kurtosis
- -0.97
- Upside Potential
- +4.16
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 184 | $73.4M | 85 | ||
| 2026 Q1 | 149 | $61.3M | 100 | ||
| 2025 Q4 | 37 | $17.6M | 17 | ||
| 2025 Q3 | 41 | $18.8M | 100 | ||
| 2025 Q2 | 48 | $74.6M | 0 | 1G386482G7633M3G32901 | |
| 2025 Q1 | 53 | $120.7M | 100 | ||
| 2024 Q4 | 57 | $115.7M | 0 | ||
| 2024 Q3 | 229 | $228.2M | 0 | ||
| 2024 Q2 | 229 | $257.5M | 0 | ||
| 2024 Q1 | 257 | $387.9M | 0 | ||
| 2023 Q4 | 222 | $308.5M | 0 | ||
| 2023 Q3 | 288 | $565.3M | 0 | ||
| 2023 Q2 | 372 | $546.1M | 0 | ||
| 2022 Q4 | 447 | $695.7M | 0 | ||
| 2022 Q3 | 500 | $820.3M | 0 | ||
| 2022 Q2 | 519 | $1.1B | 0 | ||
| 2022 Q1 | 623 | $1.3B | 0 | ||
| 2021 Q4 | 642 | $1.2B | 0 | ||
| 2021 Q3 | 578 | $1.5B | 0 | ||
| 2021 Q2 | 452 | $1.3B | 100 | 1822821288605L346301G | |
| 2021 Q1 | 422 | $1.5B | 100 | ||
| 2020 Q4 | 335 | $1.1B | 100 | ||
| 2020 Q3 | 272 | $940.5M | 100 | ||
| 2020 Q2 | 192 | $771.4M | 90 | ||
| 2020 Q1 | 168 | $481.2M | 100 | 1G0080J242087L312528N | |
| 2019 Q4 | 353 | $1.1B | 98 | ||
| 2019 Q3 | 317 | $1.0B | 88 | ||
| 2019 Q2 | 306 | $984.6M | 100 | ||
| 2019 Q1 | 334 | $1.3B | 83 | ||
| 2018 Q4 | 334 | $1.3B | 100 | ||
| 2018 Q3 | 338 | $2.0B | 85 | ||
| 2018 Q2 | 326 | $2.0B | 70 | ||
| 2018 Q1 | 278 | $1.7B | 100 | ||
| 2017 Q4 | 173 | $1.1B | 95 | ||
| 2017 Q3 | 97 | $598.1M | 40 | ||
| 2017 Q2 | 9 | $415.5M | 46 | ||
| 2017 Q1 | 10 | $270.1M | 34 | ||
| 2016 Q4 | 10 | $191.2M | 50 | ||
| 2016 Q3 | 10 | $141.4M | 59 | ||
| 2016 Q2 | 12 | $81.3M | 49 | ||
| 2016 Q1 | 9 | $110.9M | 83 | ||
| 2015 Q4 | 9 | $53.8M | 55 | ||
| 2015 Q3 | 8 | $81.5M | 100 | ||
| 2015 Q2 | 6 | $26.2M | 100 | ||
| 2015 Q1 | 8 | $125.1M | 88 | ||
| 2014 Q4 | 6 | $58.0M | 47 | ||
| 2014 Q3 | 8 | $93.1M | 63 | ||
| 2014 Q2 | 6 | $156.8M | 51 | ||
| 2014 Q1 | 6 | $158.5M | 40 | ||
| 2013 Q4 | 6 | $106.0M | 65 | ||
| 2013 Q3 | 7 | $198.8M | 42 | ||
| 2013 Q2 | 8 | $174.9M | 100 |
Holding changes this quarter
Kepos Capital LP's most significant position changes for 2026-06-30: New buy: ; New buy: ; New buy: Drugs Made In Amer Acq Ii Co; Sold out: Drugs Made In Amer Acq Ii Co; Sold out: Clearthink 1 Acquisition Cor.
Showing top 200 changes by size (of 216 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +3.1% | NEW | New buy | |
| 2 | ✓ | +3% | NEW | New buy | |
| 3 | ✓ | Drugs Made In Amer Acq Ii Co | +2.9% | NEW | New buy |
| 4 | ✓ | +2.7% | NEW | New buy | |
| 5 | ✓ | +2.5% | NEW | New buy | |
| 6 | ✓ | Armada Acquisition CORP Iii | +2% | NEW | New buy |
| 7 | ✓ | +1.9% | NEW | New buy | |
| 8 | ✓ | Gigcapital9 CORP | +1.7% | NEW | New buy |
| 9 | ✓ | +1.7% | NEW | New buy | |
| 10 | ✓ | +1.4% | NEW | New buy | |
| 11 | ✓ | +1.2% | NEW | New buy | |
| 12 | ✓ | +1.2% | NEW | New buy | |
| 13 | ✓ | Cambridge Acquisition CORP | +1.2% | NEW | New buy |
| 14 | ✓ | +1.1% | NEW | New buy | |
| 15 | ✓ | +1.1% | NEW | New buy | |
| 16 | ✓ | +1.1% | NEW | New buy | |
| 17 | ✓ | Evolution Global Acquisition | +1% | NEW | New buy |
| 18 | ✓ | +1% | NEW | New buy | |
| 19 | ✓ | +1% | NEW | New buy | |
| 20 | ✓ | +1% | NEW | New buy | |
| 21 | ✓ | +1% | NEW | New buy | |
| 22 | ✓ | +1% | NEW | New buy | |
| 23 | ✓ | +1% | NEW | New buy | |
| 24 | ✓ | +0.8% | NEW | New buy | |
| 25 | ✓ | +0.7% | NEW | New buy | |
| 26 | ✓ | +0.7% | NEW | New buy | |
| 27 | ✓ | +0.7% | NEW | New buy | |
| 28 | ✓ | +0.7% | NEW | New buy | |
| 29 | ✓ | +0.7% | NEW | New buy | |
| 30 | ✓ | +0.7% | NEW | New buy | |
| 31 | ✓ | +0.7% | NEW | New buy | |
| 32 | IRHO | Iron Horse Acquisitions CORP | +0.6% | NEW | New buy |
| 33 | ✓ | +0.5% | NEW | New buy | |
| 34 | ✓ | +0.5% | NEW | New buy | |
| 35 | ✓ | +0.3% | NEW | New buy | |
| 36 | ✓ | +0.3% | NEW | New buy | |
| 37 | ✓ | +0.3% | NEW | New buy | |
| 38 | FTW-WS | Presidio Pubco Inc | +0.2% | — | Unchanged |
| 39 | DAVEW | Dave Inc -cw27 | +0.2% | — | Unchanged |
| 40 | ✓ | +0.1% | NEW | New buy | |
| 41 | ✓ | +0.1% | — | Unchanged | |
| 42 | ✓ | Launch Two Acquisition CORP. | +0.1% | — | Unchanged |
| 43 | ✓ | +0.1% | NEW | New buy | |
| 44 | ✓ | D. Boral Arc Acq I CORP. | +0.1% | — | Unchanged |
| 45 | ✓ | +0.1% | NEW | New buy | |
| 46 | ✓ | Titan Acquisition CORP | +0.1% | — | Unchanged |
| 47 | ✓ | Gigcapital9 CORP | +0.1% | NEW | New buy |
| 48 | ✓ | 0% | — | Unchanged | |
| 49 | ✓ | 0% | — | Unchanged | |
| 50 | ✓ | 0% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is Kepos Capital LP and what type of investor is it?
Kepos Capital LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $73.4M, spread across 184 disclosed positions.
What are Kepos Capital LP's largest equity positions?
Based on the latest 13F filing, Kepos Capital LP's top holdings by market value are:
1. Cme Group Inc (CME) — $6.6M (9.0%)
2. — $2.3M (3.1%)
3. — $2.2M (3.0%)
4. Praetorian Acquisition CORP — $2.2M (3.0%)
5. Drugs Made In Amer Acq Ii Co — $2.1M (2.9%)
What changes did Kepos Capital LP make in its most recent portfolio filing?
In the latest reported quarter, Kepos Capital LP made 102 notable position adjustments: 66 new positions were initiated, 0 existing holdings were added to, 6 positions were partially reduced, and 30 were completely exited. The largest of these moves: New buy: ; New buy: ; New buy: Drugs Made In Amer Acq Ii Co; Sold out: Drugs Made In Amer Acq Ii Co; Sold out: Clearthink 1 Acquisition Cor
What sectors does Kepos Capital LP focus on?
Kepos Capital LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 100.0%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Kepos Capital LP's portfolio is broadly diversified and fast-trading, with 100.0% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 85 over the past 4 quarters — a shift toward more active trading.
It has added to its G32901129 position over the past two quarters (+$117.0K, now $280.0K), while trimming KTTAW over the same stretch (-$3.0K, still holding $2.0K).
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Developer Access
Access Kepos Capital LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/kepos-capital-lpCLI
npx alphasmo institutions get kepos-capital-lp