Mercuria Capital Strategies, LLC

CIK

2048079

Location

HOUSTON, TX

Portfolio Value

Small $243,478,499

Diversification

Highly concentrated

Filing Date

Global Rank

#3,818 / 8,622 ▲ 1312 · as of Mar 2026

Top Industry

Oil & Gas Midstream 58.7%

3Y Alpha vs SPY

+2.9%

Period ended 4 months ago

Filed May 6, 2026 · 3mo

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+28.4%

SPY

+23.3%

Annualised alpha

+3.3%

Max drawdown

−16.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 6 quarters. Past performance does not predict future results.

Portfolio Concentration

21 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

53.6%

+7.1 pts

Top 5

81.3%

+7.4 pts

Top 10

93.1%

+1.8 pts

HHI

3,160

Highly concentrated+708

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	58.7%	$143,041,806	3
Financial Services	27.0%	$65,848,793	15
Basic Materials	13.9%	$33,933,948	2
Industrials	0.3%	$653,952	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
TNK	Teekay Tankers Ltd.	+550,662	1,778,956	$130,433,053
DSX	Diana Shipping Inc.	+208,811	261,581	$653,952
GIW	GigCapital8 Corp.	+125,000	500,000	$4,985,000
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
TVA	Texas Ventures Acquisition III Corp	−152,500	347,500	$3,610,525
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
LYB	LyondellBasell Industries N.V.	407,122	$32,797,748
ALUB	Alussa Energy Acquisition Corp. II	1,000,000	$9,980,000
VG	Venture Global, Inc.	580,046	$9,141,524
DMII	Drugs Made In America Acquisition II Corp.	750,000	$7,477,500
IPCX	Inflection Point Acquisition Corp. III	535,000	$5,465,025
GLP	Global Partners LP	82,357	$3,467,229
VACI	Viking Acquisition Corp I	250,000	$2,482,500
SBXE	SilverBox Corp V	250,000	$2,480,000
GMTL	Guardian Metal Resources PLC	65,000	$1,136,200
CCXI	Churchill Capital Corp XI	1,000	$10,160
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
EQT	EQT Corp	182,465	$9,780,124
DMAA	Drugs Made In America Acquisition Corp.	750,000	$7,780,500
CAT	Caterpillar Inc	9,410	$5,390,706
VMC	Vulcan Materials CO	17,591	$5,017,305
CORZ	Core Scientific, Inc./tx	186,643	$2,717,522
CX	Cemex Sab De CV	228,102	$2,620,891
ACA	Arcosa, Inc.	23,192	$2,465,773
SEI	Solaris Energy Infrastructure, Inc.	32,038	$1,472,786
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $243,478,499 total · filing declares 31 positions · $261,630,585 · as of Mar 31, 2026

All sectors Basic Materials Energy Financial Services Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TNK	Teekay Tankers Ltd. Energy	Added	1,778,956	+550,662	$130,433,053	+98.8%	53.57%
LYB	LyondellBasell Industries N.V. Basic Materials	NEW	407,122	NEW	$32,797,748	NEW	13.47%
BCSS	Bain Capital GSS Investment Corp. Financial Services	Held	1,545,878	0	$15,631,918	+0.3%	6.42%
ALUB	Alussa Energy Acquisition Corp. II Financial Services	NEW	1,000,000	NEW	$9,980,000	NEW	4.10%
VG	Venture Global, Inc. Energy	NEW	580,046	NEW	$9,141,524	NEW	3.75%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	NEW	750,000	NEW	$7,477,500	NEW	3.07%
ANSC	Agriculture & Natural Solutions Acquisition Corp Financial Services	Held	500,000	0	$5,645,000	+0.9%	2.32%
IPCX	Inflection Point Acquisition Corp. III Financial Services	NEW	535,000	NEW	$5,465,025	NEW	2.24%
GSRF	GSR IV Acquisition Corp. Financial Services	Held	500,000	0	$5,015,000	+0.4%	2.06%
GIW	GigCapital8 Corp. Financial Services	Added	500,000	+125,000	$4,985,000	+34.4%	2.05%
TVA	Texas Ventures Acquisition III Corp Financial Services	Reduced	347,500	-152,500	$3,610,525	−32.2%	1.48%
GLP	Global Partners LP Energy	NEW	82,357	NEW	$3,467,229	NEW	1.42%
TACO	Berto Acquisition Corp. Financial Services	Held	270,908	0	$2,776,807	+1.1%	1.14%
VACI	Viking Acquisition Corp I Financial Services	NEW	250,000	NEW	$2,482,500	NEW	1.02%
SBXE	SilverBox Corp V Financial Services	NEW	250,000	NEW	$2,480,000	NEW	1.02%
GMTL	Guardian Metal Resources PLC Basic Materials	NEW	65,000	NEW	$1,136,200	NEW	0.47%
DSX	Diana Shipping Inc. Industrials	Added	261,581	+208,811	$653,952	+646.5%	0.27%
CAEP	Cantor Equity Partners III, Inc. Financial Services	Held	9,597	0	$98,945	+1.1%	0.04%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Held	9,503	0	$96,835	−0.9%	0.04%
CCIX	Churchill Capital Corp IX/Cayman Financial Services	Held	8,762	0	$93,578	+0.5%	0.04%
CCXI	Churchill Capital Corp XI Financial Services	NEW	1,000	NEW	$10,160	NEW	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.