CIK: 0002048079
Total reported value
$261.6M
Reporting period: 2026-03-31 · Number of holdings: 31
Mercuria Capital Strategies, LLC disclosed 31 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $261.6M and a quarterly turnover rate of 104.2%.
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Mercuria Capital Strategies, LLC's disclosed holdings carry a Herfindahl concentration index of 0.276 — mathematically equivalent to about 4 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.79), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 7.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 16% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add TNK
+44.8% $64.8M
Trim G0R78B106
0.0% -$167.3K
Trim G8772L105
-30.5% -$1.7M
Trim ANSCW
0.0% $50.0K
Trim G4R12K107
0.0% $20.0K
Trim G1051H101
0.0% $29.8K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TNK | Teekay Tankers Ltd. | Stock-Other | 49.85% | +12.58% | +44.83% | |
| 2 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 12.54% | +12.54% | NEW | |
| 3 | ✓ | Bain Cap Gss Invt CORP | Stock-Other | 5.97% | -3.00% | — | |
| 4 | ✓ | Alussa Energy Acquisit CORP | Stock-Other | 3.81% | +3.81% | NEW | |
| 5 | ✓ | Paloma Acquisition CORP I | Stock-Other | 3.81% | +3.81% | NEW | |
| 6 | VG | Venture Global Inc-cl A | Stock-Energy | 3.49% | +3.49% | NEW | |
| 7 | ✓ | Drugs Made In Amer Acq Ii Co | Stock-Other | 2.86% | +2.86% | NEW | |
| 8 | ANSCW | Agriculture & Natural Solutions Acquisition Corporation | Stock-Other | 2.16% | -1.02% | — | |
| 9 | ✓ | Stock-Other | 2.09% | +2.09% | NEW | ||
| 10 | VIXY | Proshares Vix Short-term Fut | ETF-Other | 1.97% | +1.97% | NEW | |
| 11 | ✓ | Stock-Other | 1.92% | -0.92% | — | ||
| 12 | ✓ | Stock-Other | 1.91% | -0.20% | +33.33% | ||
| 13 | ✓ | Texas Ventures Acquisition I | Stock-Other | 1.38% | -1.64% | -30.50% | |
| 14 | GLP | Global Partners LP | Stock-Other | 1.33% | +1.33% | NEW | |
| 15 | ✓ | Berto Acquisition CORP | Stock-Other | 1.06% | -0.50% | — | |
| 16 | ✓ | Stock-Other | 0.97% | -0.46% | — | ||
| 17 | ✓ | Stock-Other | 0.95% | +0.95% | NEW | ||
| 18 | ✓ | Silverbox CORP V | Stock-Other | 0.95% | +0.95% | NEW | |
| 19 | GMTL | Guardian Metal Resources | Stock-Other | 0.43% | +0.43% | NEW | |
| 20 | DSX | Diana Shipping Inc. | Stock-Other | 0.25% | +0.20% | +395.70% | |
| 21 | ✓ | Stock-Other | 0.07% | +0.07% | NEW | ||
| 22 | ✓ | Alussa Energy Acquisit CORP | Stock-Other | 0.05% | +0.05% | NEW | |
| 23 | CEPO | Cantor Equity Partners I, Inc. | Stock-Other | 0.04% | -0.02% | — | |
| 24 | ✓ | Stock-Other | 0.04% | -0.02% | — | ||
| 25 | CCIX | Churchill Capital Corp IX | Stock-Other | 0.04% | -0.01% | — | |
| 26 | ✓ | Stock-Other | 0.02% | +0.02% | NEW | ||
| 27 | ✓ | Gigcapital8 CORP | Stock-Other | 0.02% | +0.01% | +200.00% | |
| 28 | ✓ | Silverbox CORP V | Stock-Other | 0.01% | +0.01% | NEW | |
| 29 | ✓ | Viking Acquisition CORP I | Stock-Other | 0.01% | +0.01% | NEW | |
| 30 | ✓ | Churchill Cap CORP Xi | Stock-Other | — | — | NEW | |
| 31 | ✓ | Churchill Cap CORP Xi | Stock-Other | — | — | NEW |
Performance for Q3 2026
—
Performance Last 4 Quarters
+14.2%
Based on 20% of reported portfolio value with available pricing
Mercuria Capital Strategies, LLC's most significant position changes for 2026-03-31: New buy: LyondellBasell Industries N.V. (LYB); Sold out: Gigacloud Technology INC; Sold out: Alussa Energy Acquisition Co; New buy: Alussa Energy Acquisit CORP; New buy: Paloma Acquisition CORP I.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TNK | Teekay Tankers Ltd. | +12.6% | +44.83% | Add |
| 2 | DSX | Diana Shipping Inc. | +0.2% | +395.70% | Add |
| 3 | ✓ | Gigcapital8 CORP | 0% | +200.00% | Add |
| 4 | CCIX | Churchill Capital Corp IX | 0% | — | Unchanged |
| 5 | CEPO | Cantor Equity Partners I, Inc. | 0% | — | Unchanged |
| 6 | ✓ | 0% | — | Unchanged | |
| 7 | ✓ | -0.2% | +33.33% | Add | |
| 8 | ✓ | -0.5% | — | Unchanged | |
| 9 | ✓ | Berto Acquisition CORP | -0.5% | — | Unchanged |
| 10 | ✓ | -0.9% | — | Unchanged | |
| 11 | ANSCW | Agriculture & Natural Solutions Acquisition Corporation | -1% | — | Unchanged |
| 12 | ✓ | Texas Ventures Acquisition I | -1.6% | -30.50% | Trim |
| 13 | ✓ | Bain Cap Gss Invt CORP | -3% | — | Unchanged |
| 14 | LYB | LyondellBasell Industries N.V. | — | NEW | New buy |
| 15 | ✓ | Gigacloud Technology INC | — | EXIT | Sold out |
| 16 | ✓ | Alussa Energy Acquisition Co | — | EXIT | Sold out |
| 17 | ✓ | Alussa Energy Acquisit CORP | — | NEW | New buy |
| 18 | ✓ | Paloma Acquisition CORP I | — | NEW | New buy |
| 19 | EQT | Eqt CORP | — | EXIT | Sold out |
| 20 | VG | Venture Global Inc-cl A | — | NEW | New buy |
| 21 | ✓ | Drugs Made In Amer Acqutn Co | — | EXIT | Sold out |
| 22 | ✓ | Drugs Made In Amer Acq Ii Co | — | NEW | New buy |
| 23 | ✓ | — | NEW | New buy | |
| 24 | ✓ | — | EXIT | Sold out | |
| 25 | CAT | Caterpillar INC | — | EXIT | Sold out |
| 26 | VIXY | Proshares Vix Short-term Fut | — | NEW | New buy |
| 27 | VMC | Vulcan Materials Co | — | EXIT | Sold out |
| 28 | GLP | Global Partners LP | — | NEW | New buy |
| 29 | CORZ | Core Scientific INC | — | EXIT | Sold out |
| 30 | CX | Cemex Sab-spons Adr Part Cer | — | EXIT | Sold out |
| 31 | ✓ | Viking Acquisition CORP I U | — | EXIT | Sold out |
| 32 | ✓ | — | EXIT | Sold out | |
| 33 | ✓ | — | NEW | New buy | |
| 34 | ✓ | Silverbox CORP V | — | NEW | New buy |
| 35 | ACA | Arcosa INC | — | EXIT | Sold out |
| 36 | SEI | Solaris Energy Infrastructur | — | EXIT | Sold out |
| 37 | ✓ | — | EXIT | Sold out | |
| 38 | GMTL | Guardian Metal Resources | — | NEW | New buy |
| 39 | ✓ | — | NEW | New buy | |
| 40 | ✓ | Alussa Energy Acquisit CORP | — | NEW | New buy |
| 41 | ✓ | — | NEW | New buy | |
| 42 | ✓ | Silverbox CORP V | — | NEW | New buy |
| 43 | ✓ | Viking Acquisition CORP I | — | NEW | New buy |
| 44 | ✓ | — | EXIT | Sold out | |
| 45 | ✓ | Churchill Cap CORP Xi | — | NEW | New buy |
| 46 | ✓ | Churchill Cap CORP Xi | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-06 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | Amendment | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-24 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
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