Kepos Capital LP

CIK 0001512020 · Q1 2026

13F Equity AUM

$61K

-99.7% QoQ

Positions

147

+111 QoQ

AUM Rank

#12,367

Top 99%

Skill Alpha (FF)

+7.7%/yr^ns

No Clear Edge

Rank #396 · Top 5%

vs S&P -2.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 27.7%Top 10: 38.2%Top 20: 52.9%

CME14.5%

Praetorian Acquisition Corp3.6%

DMIIU3.4%

ClearThink 1 Acquisition Corp3.3%

Xsolla SPAC 13.0%

Armada Acquisition Corp III2.4%

MOZAYYX Acquisition Corp2.3%

GIWWU2.1%

GigCapital9 Corp2.0%

EQV Ventures Acquisition Corp II1.6%

Others (137)61.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Unclassified58.7%

Financial Services39.9%

Other1.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 147Median: 0.39%Avg: 0.68%

0–0.5%

83(10.0%)

0.5–1%

35(26.0%)

1–3%

25(39.3%)

3–5%

3(10.3%)

5%+

1(14.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 34Unique: 113vs 20 funds

0.5%Low

147

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

JPMORGAN CHASE & CO

0.7%

GEODE CAPITAL MANAGEMENT, LLC

0.1%

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

BlackRock, Inc.

VANGUARD CAPITAL MANAGEMENT LLC

STATE STREET CORP

VANGUARD PORTFOLIO MANAGEMENT LLC

FMR LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New118Increased0Decreased3Exited6

New Positions

Praetorian Acquisiti…3.6%

+223K

DMIIU3.4%

+210K

ClearThink 1 Acquisi…3.3%

+200K

Xsolla SPAC 13.0%

+185K

Armada Acquisition C…2.4%

+150K

MOZAYYX Acquisition …2.3%

+140K

GIWWU2.1%

+131K

GigCapital9 Corp2.0%

+125K

EQV Ventures Acquisi…1.6%

+100K

Proem Acquisition Co…1.6%

+100K

Decreased

Monex Group Inc0.6%

-33,254(-13%)

DAVEW0.0%

-10,000(-15%)

GRAF-WT0.5%

-3,000(-10%)

Exited

EQV Ventures Acquisi…

-60,000

EQV Ventures Acquisi…

-400,000

MSPRW

-7,400,000

Zapp Electric Vehicl…

-220,866

CLNNW

-886,592

SONWQ

-26,780

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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