Mercuria Capital Strategies, LLC
CIK
2048079
Location
HOUSTON, TX
Portfolio Value
Small
$243,478,499
Diversification
Highly concentrated
Filing Date
Global Rank
#3,813
/ 8,607
▲ 1311
· as of Mar 2026
Top Industry
Oil & Gas Midstream
58.7%
3Y Alpha vs SPY
-0.4%
Period ended 3 months ago
Filed May 6, 2026 · 2mo
6 quarters · since Dec 2024
Clone Performance
Feb 2025–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+24.2%
SPY
+25.6%
Annualised alpha
-0.9%
Max drawdown
−16.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
21 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top 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 |
|---|---|---|
| Energy | 58.7% | $143,041,806 |
| Financial Services | 27.0% | $65,848,793 |
| Basic Materials | 13.9% | $33,933,948 |
| Industrials | 0.3% | $653,952 |
Last Quarter's Activity
Export CSVTrimmed
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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
21 positions ·
$243,478,499 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TNK |
Teekay Tankers Ltd.
Energy
|
Added | 1,778,956 | $130,433,053 | 53.57% | |
| LYB |
LyondellBasell Industries N.V.
Basic Materials
|
NEW | 407,122 | $32,797,748 | 13.47% | |
| BCSS |
Bain Capital GSS Investment Corp.
Financial Services
|
Held | 1,545,878 | $15,631,918 | 6.42% | |
| ALUB |
Alussa Energy Acquisition Corp. II
Financial Services
|
NEW | 1,000,000 | $9,980,000 | 4.10% | |
| VG |
Venture Global, Inc.
Energy
|
NEW | 580,046 | $9,141,524 | 3.75% | |
| DMII |
Drugs Made In America Acquisition II Corp.
Financial Services
|
NEW | 750,000 | $7,477,500 | 3.07% | |
| ANSC |
Agriculture & Natural Solutions Acquisition Corp
Financial Services
|
Held | 500,000 | $5,645,000 | 2.32% | |
| IPCX |
Inflection Point Acquisition Corp. III
Financial Services
|
NEW | 535,000 | $5,465,025 | 2.24% | |
| GSRF |
GSR IV Acquisition Corp.
Financial Services
|
Held | 500,000 | $5,015,000 | 2.06% | |
| GIW |
GigCapital8 Corp.
Financial Services
|
Added | 500,000 | $4,985,000 | 2.05% | |
| TVA |
Texas Ventures Acquisition III Corp
Financial Services
|
Reduced | 347,500 | $3,610,525 | 1.48% | |
| GLP |
Global Partners LP
Energy
|
NEW | 82,357 | $3,467,229 | 1.42% | |
| TACO |
Berto Acquisition Corp.
Financial Services
|
Held | 270,908 | $2,776,807 | 1.14% | |
| VACI |
Viking Acquisition Corp I
Financial Services
|
NEW | 250,000 | $2,482,500 | 1.02% | |
| SBXE |
SilverBox Corp V
Financial Services
|
NEW | 250,000 | $2,480,000 | 1.02% | |
| GMTL |
Guardian Metal Resources PLC
Basic Materials
|
NEW | 65,000 | $1,136,200 | 0.47% | |
| DSX |
Diana Shipping Inc.
Industrials
|
Added | 261,581 | $653,952 | 0.27% | |
| CAEP |
Cantor Equity Partners III, Inc.
Financial Services
|
Held | 9,597 | $98,945 | 0.04% | |
| CEPF |
Cantor Equity Partners IV, Inc.
Financial Services
|
Held | 9,503 | $96,835 | 0.04% | |
| CCIX |
Churchill Capital Corp IX/Cayman
Financial Services
|
Held | 8,762 | $93,578 | 0.04% | |
| CCXI |
Churchill Capital Corp XI
Financial Services
|
NEW | 1,000 | $10,160 | 0.00% |