Mercuria Capital Strategies, LLC

CIK 2048079 · View on SEC EDGAR ↗

Portfolio value
$163.1M
#7,128 of 9,443 by 13F value · top 75.5%
Positions
23
As of
June 30, 2026

Portfolio value QoQ: -37.7% 13F does not disclose cash

Top 10 holdings weight
87.14%
Top 25 holdings weight
100.00%
Positions above 1%
16
Effective number of positions
5.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 38.99% Est. buys $82,800,647 · sells $182,111,096

Median holding: 1.0 quarters Tracked Q4 2024–Q2 2026 · 31.9% still held

New positions
4
Increased
1
Decreased
0
Closed
12
On this page

Sector breakdown

N/A
21.9%
Materials
7.5%
Industrials
2.6%
Utilities
0.8%
Other/Unmapped
67.2%

Full portfolio 23 positions

Type Streak 8Q trend
SHAZ SharonAI Holdings, Inc. - Class A Common Stock $64,962,411 39.84% 767,333 Up ×1
BCSS Bain Capital GSS Investment Corp. Class A Ordinary Shares $15,876,167 9.74% 1,545,878 $244,558
FCX Freeport-McMoRan, Inc. Common Stock $12,223,929 7.50% 194,370
PALOU Paloma Acquisition Corp I - Units $10,080,000 6.18% 1,000,000 $100,000
ALUB Alussa Energy Acquisition Corp. II Class A Ordinary Shares $10,040,000 6.16% 1,000,000 $60,000
DMII Drugs Made In America Acquisition II Corp. - Ordinary Shares $7,545,000 4.63% 750,000 $67,500
ANSC Agriculture & Natural Solutions Acquisition Corporation - Class A Ordinary Shares $5,710,000 3.50% 500,000 $65,000
IPCX Inflection Point Acquisition Corp. III - Class A ordinary shares $5,526,550 3.39% 535,000 $61,525
GSRF GSR IV Acquisition Corp. - Class A ordinary share $5,080,000 3.12% 500,000 $65,000
GIW GigCapital8 Corp. - Class A Ordinary Shares $5,034,450 3.09% 500,000 $49,450
STRL Sterling Infrastructure, Inc. - Common Stock $4,303,398 2.64% 5,127 Up ×1
TVA Texas Ventures Acquisition III Corp - Class A Ordinary Share $3,666,125 2.25% 347,500 $55,600
TACO Berto Acquisition Corp. - Ordinary Shares $2,841,824 1.74% 270,908 $65,017
VACI Viking Acquisition Corp. I Class A Ordinary Shares $2,555,000 1.57% 250,000 $72,500
PAII Pyrophyte Acquisition Corp. II Class A Ordinary Shares $2,550,000 1.56% 250,000 $12,500
SBXE SilverBox Corp V Class A Ordinary Shares $2,515,000 1.54% 250,000 $35,000
CWEN Clearway Energy, Inc. Class C Common Stock $1,269,103 0.78% 37,130 Up ×1
Unknown issuer (CUSIP: 401382106) $952,455 0.58% 67,984 $-183,745 Up ×1
CEPF Cantor Equity Partners IV, Inc. - Class A Ordinary Shares $98,831 0.06% 9,503 $1,996
CCIX Churchill Capital Corp IX - Ordinary Shares $95,418 0.06% 8,762 $1,840
DMIIR Drugs Made In America Acquisition II Corp. - Right $60,000 0.04% 750,000 $0
GIWWR GigCapital8 Corp. - Rights $48,750 0.03% 187,500 $-7,500
CCXI Churchill Capital Corp XI - Class A Ordinary Shares $17,450 0.01% 1,000 $7,290

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SHAZ $64,962,411 767,333 39.84%
FCX $12,223,929 194,370 7.50%
STRL $4,303,398 5,127 2.64%
CWEN $1,269,103 37,130 0.78%

Top movers (QoQ)

Security Action Shares Δ Value Δ
BCSS Price move only +0 +$245K
— Bought more +3K -$184K
PALOU Price move only +0 +$100K
VACI Price move only +0 +$72K
DMII Price move only +0 +$68K
TACO Price move only +0 +$65K
ANSC Price move only +0 +$65K
GSRF Price move only +0 +$65K
IPCX Price move only +0 +$62K
ALUB Price move only +0 +$60K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
CNX March 31, 2025 4,000,000 $146,680,000 15.7%
TNK June 30, 2026 1,778,956 $130,433,053 43.3%
LYB June 30, 2026 407,122 $32,797,748 29.9%
WMB Sept. 30, 2025 500,000 $31,405,000 12.8%
SPY Dec. 31, 2025 38,000 $25,314,840 No longer tracked
VST Sept. 30, 2025 110,000 $21,319,100 -29.0%
EXE Sept. 30, 2025 176,949 $20,692,416 -10.3%
ET March 31, 2025 650,000 $12,733,500 14.3%
AR March 31, 2025 340,000 $11,917,000 -6.8%
ALUBU March 31, 2026 1,000,000 $10,100,000 No longer tracked
FCX Sept. 30, 2025 230,000 $9,970,500 96.6%
EQT March 31, 2026 182,465 $9,780,124 -15.4%
VG June 30, 2026 580,046 $9,141,524 28.3%
DK Dec. 31, 2025 271,290 $8,754,528 122.3%
DMAA March 31, 2026 750,000 $7,511,250 2.3%
CMI Dec. 31, 2025 16,230 $6,855,065 17.3%
GNRC Dec. 31, 2025 40,934 $6,852,351 54.7%
CNX Sept. 30, 2025 173,598 $5,846,780 13.4%
HCC June 30, 2025 114,014 $5,440,748 134.5%
BACQ March 31, 2026 535,000 $5,424,900 No longer tracked
NRG March 31, 2025 60,000 $5,413,200 20.0%
CAT March 31, 2026 9,410 $5,390,706 16.3%
VIXY June 30, 2026 150,000 $5,152,500 No longer tracked
ATO Sept. 30, 2025 33,000 $5,085,630 -0.8%
VMC March 31, 2026 17,591 $5,017,305 0.3%
VST March 31, 2025 35,000 $4,825,450 18.5%
PSIX Dec. 31, 2025 46,490 $4,566,247 -34.8%
TLN June 30, 2025 20,000 $3,993,400 8.5%
GLP June 30, 2026 82,357 $3,467,229 8.5%
FLNC Sept. 30, 2025 500,000 $3,355,000 7.2%
CORZ March 31, 2026 186,643 $2,717,522 27.4%
CX March 31, 2026 228,102 $2,620,891 -6.3%
VACIU March 31, 2026 250,000 $2,517,500 No longer tracked
SBXEU March 31, 2026 250,000 $2,515,000 No longer tracked
ACA March 31, 2026 23,192 $2,465,773 37.0%
CORZ March 31, 2025 175,000 $2,458,750 163.3%
SHLS Dec. 31, 2025 300,000 $2,223,000 -14.5%
SEI March 31, 2026 32,038 $1,472,786 -2.0%
GIWWU March 31, 2026 125,000 $1,272,500 1.1%
FTEK Dec. 31, 2025 240,000 $720,000 -10.3%
DSX June 30, 2026 261,581 $653,952 27.9%
CLNE March 31, 2025 195,000 $489,450 4.5%
BCSSWS June 30, 2026 309,175 $191,688 No longer tracked
ALUBWS June 30, 2026 333,333 $120,033 No longer tracked
CAEP June 30, 2026 9,597 $98,945 No longer tracked
SBXEWS June 30, 2026 83,333 $28,466 No longer tracked
VACIWS June 30, 2026 83,333 $25,883 No longer tracked
CCXIU March 31, 2026 1,000 $10,210 52.1%
CCXIW June 30, 2026 100 $75 -3.4%