Kepos Capital LP
Kepos Capital LP is a New York-based hedge fund founded in 2010, employing approximately 45 people. The firm specializes in systematic, quantitative investment strategies across equities, fixed income, commodities, and currencies. Kepos Capital serves primarily institutional clients through discretionary investment management, offering research-driven, data-centric solutions using advanced technologies and algorithms to identify and exploit global market opportunities. It is co-led by Mark Carhart and Giorgio De Santis, with a strong emphasis on a research-focused and diversified approach across multiple asset classes and strategies.
Investment Strategy
Kepos Capital employs a systematic and data-driven investment process that combines economic theory, statistical analysis, and advanced algorithms to identify lucrative market opportunities. The firm's primary focus is on quantitative, global macro investing, seeking to capture alpha across asset classes such as global equities, fixed income, currencies, commodities, volatility, and cross-asset strategies. Proprietary research and empirical evidence support strategy development, and risk management emphasizes diversification and liquidity. While largely driven by systematic methods, some strategies integrate economic intuition and investing experience for select client portfolios.
Top Holdings
Equity Positions (34)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GIG | GigCapital7 Corp | 21.07% | $15.7M | 1,514,600 | $9.93 | $10.38 | +$319.0K |
D DRDB | Roman DBDR Acquisition Corp II | 13.54% | $10.1M | 980,000 | $10.03 | $10.31 | -$5.9M |
F FACT | Fact II Acquisition Corp | 13.49% | $10.1M | 975,700 | $10.02 | $10.29 | +$287.0K |
E EQV | EQV Ventures Acquisition Corp | 12.82% | $9.6M | 910,000 | $10.08 | $10.51 | -$3.4M |
C CME | CME Group Inc | 11.08% | $8.3M | 30,000 | $185.49 | $275.62 | +$310.0K |