Kepos Capital LP

Hedge Fund • Global Macro

Kepos Capital LP is a Global Macro Hedge Fund based in New York, NY led by Robert Bruce Litterman, reporting $2.2B in AUM as of Q3 2025 with 50% Financial Services concentration, 76% concentrated in top 10 holdings, and 48% allocation to CME.

ChairmanRobert Bruce Litterman

Portfolio Value: $17.0M
Positions: 23
Top Holding: CME at 47.67%
Last Reported: Q3 2025

Address11 Times Square, 35th Floor, New York, NY, 10036, United States

Top Holdings

Largest long holdings in Kepos Capital LP's portfolio (76% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 CME Group CME	Financial - Data & Stock Exchanges Financial Services	$8.1M	47.67%	—	0.01% 30.0K shares	Q2 2023 Held for 2y 5m
2 Valens Semiconductor VLN	Semiconductors Technology	$596.6K	3.51%	—	0.32% 333.3K shares	Q2 2023 Held for 2y 5m
3 NTWO Newbury Street II Acquisition Corp Class A Ordinary Shares NTWO	Unknown Unknown	$569.8K	3.35%	—	0.23% 55.0K shares	Q4 2024 Held for 11 months
4 GigCapital, Inc. GIG	Unknown Unknown	$527.5K	3.10%	+$527.5K Bought	0.15% 50.0K shares	Q3 2024 Held for 1y 2m
5 CUB Lionheart Holdings CUB	Unknown Unknown	$525.5K	3.09%	—	— 50.0K shares	Q4 2024 Held for 11 months
6 POLE Andretti Acquisition Corp. II POLE	Unknown Unknown	$523.0K	3.08%	—	0.17% 50.0K shares	Q4 2024 Held for 11 months
7 ALDF Aldel Financial II Inc. ALDF	Unknown Unknown	$522.5K	3.07%	+$522.5K Bought	0.17% 50.0K shares	Q1 2025 Held for 8 months
8 Launch Two Acquisition Corp. LPBB	Unknown Unknown	$522.5K	3.07%	-$2.4M Sold	0.17% 50.0K shares	Q4 2024 Held for 11 months
9 Plum Acquisition Corp. IV Class A Ordinary Shares PLMK	Unknown Unknown	$516.0K	3.03%	—	0.21% 50.0K shares	Q1 2025 Held for 8 months
10 KFII K&F Growth Acquisition Corp. II Class A Ordinary shares KFII	Unknown Unknown	$510.8K	3.00%	—	0.13% 50.0K shares	Q1 2025 Held for 8 months

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Kepos Capital LP's latest filing

See all changes

GthenC

Market Value

$17.0M

Prior: $72.8M

Q/Q Change

-76.64%

-$55.8M

Net Flows % of MV

-327.35%

Turnover Ratio

73.25%

New Purchases

1 stocks

Added To

0 stocks

Sold Out Of

5 stocks

$20.4M

Reduced Holdings

6 stocks

-$35.2M

Increased Positions

Position	Shares Δ	Change
1 SVIIR Spring Valley Acquisition Corp. II SVIIR	New	0 → - +-

Decreased Positions

Position	Shares Δ	Change
1 DRDB Roman DBDR Acquisition Corp. II Ordinary shares DRDB	Sold	980.0K → 0 −$10.1M
2 EQV EQV Ventures Acquisition Corp EQV	Sold	910.0K → 0 −$9.6M
3 BEAG Blue Eagle Lithium, Inc. BEAG	Sold	45.0K → 0 −$471.2K
4 WLAC Willow Lane Acquisition Corp. Class A Ordinary Shares WLAC	Sold	30.0K → 0 −$306.9K
5 SVIIR Spring Valley Acquisition Corp. II SVIIR	Sold	0 → - +-

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for Kepos Capital LP

View analytics

GthenA

Sector Allocation

Financial Services

49.60%

Technology

3.50%

Market Cap Distribution

Large Cap ($10B - $200B)

47.67%

Small Cap ($300M - $2B)

25.27%

Micro Cap ($50M - $300M)

19.11%

Nano Cap (< $50M)

7.95%

N/A (ETF or Unknown)

0.01%

Portfolio Concentration

Top 10 Holdings %

75.98%

Top 20 Holdings %

98.12%

Top 50 Holdings %

100.0%

Top 100 Holdings %