Q2 2026 13F · SEC CIK 2048079

Mercuria Capital Strategies, LLC

Asset managerFiled 2026-07-30 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $163.1M
Reported positions: 23
Holdings vs S&P 500, 3 yrs: —
Average holding period: 2 qtrs

Mercuria Capital Strategies, LLC is an asset manager that reported 23 positions worth $163.1M in its Q2 2026 13F, filed 2026-07-30. Its largest holdings were Sharonai Holdings Inc (SHAZ, 39.8%), Bain Cap Gss Invt Corp (BCSS, 9.7%), Freeport Mcmoran Inc (FCX, 7.5%).

Mercuria Capital Strategies, LLC holdings all 23 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Mercuria Capital Strategies, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SHAZSharonai Holdings Inc	39.8%	New	767,333	—	$65.0M
BCSSBain Cap Gss Invt Corp	9.7%	6.0%	1,545,878	+0.0%	$15.9M
FCXFreeport Mcmoran Inc	7.5%	New	194,370	—	$12.2M
PALOUPaloma Acquisition Corp I	6.2%	3.8%	1,000,000	+0.0%	$10.1M
ALUBAlussa Energy Acquisit Corp	6.2%	3.8%	1,000,000	+0.0%	$10.0M
DMIIDrugs Made in America Acquisition II Cor	4.6%	2.9%	750,000	+0.0%	$7.5M
ANSCAgriculture & Nat Sol Acq Co	3.5%	2.2%	500,000	+0.0%	$5.7M
IPCXInflection Point Acquisiti-A	3.4%	2.1%	535,000	+0.0%	$5.5M
GSRFGSR IV Acquisition Corp	3.1%	1.9%	500,000	+0.0%	$5.1M
GIWGigcapital8 Corp Cmn Class A	3.1%	1.9%	500,000	+0.0%	$5.0M
STRLSterling Infrastructure Inc	2.6%	New	5,127	—	$4.3M
TVATexas Ventures Acquisition-A	2.2%	1.4%	347,500	+0.0%	$3.7M
TACOBerto Acquisition Corp	1.7%	1.1%	270,908	+0.0%	$2.8M
VACIViking Acquisition Corp I	1.6%	0.9%	250,000	+0.0%	$2.6M
PAIIPyrophyte Acquisition Corp-A	1.6%	1.0%	250,000	+0.0%	$2.5M
SBXESilverbox Corp V	1.5%	0.9%	250,000	+0.0%	$2.5M
CWENClearway Energy Inc	0.8%	New	37,130	—	$1.3M
GMTLGuardian Metal Res PLC	0.6%	0.4%	67,984	+4.6%	$952K
CEPFCantor Equity Partners IV in	0.1%	0.0%	9,503	+0.0%	$99K
CCIXChurchill Capital Corp Ix	0.1%	0.0%	8,762	+0.0%	$95K
DMIIRDrugs Made in Amer Acq II Co	0.0%	0.0%	750,000	+0.0%	$60K
GIWWRGigcapital8 Corp	0.0%	0.0%	187,500	+0.0%	$49K
CCXIChurchill Cap Corp Xi	0.0%	0.0%	1,000	+0.0%	$17K

What Mercuria Capital Strategies, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

SHAZ Sharonai Holdings Inc39.8% of 13F
FCX Freeport Mcmoran Inc7.5% of 13F
STRL Sterling Infrastructure Inc2.6% of 13F
CWEN Clearway Energy Inc0.8% of 13F

Added to

No position grew by more than 5%.

Reduced

No position shrank by more than 5%.

Sold out

TNK Teekay Tankers Ltdwas 49.9%
LYB Lyondellbasell Industries NVwas 12.5%
VG Venture Global Incwas 3.5%
VIXY Proshares Tr IIwas 2.0%
GLP Global Partners LPwas 1.3%
DSX Diana Shipping Incwas 0.3%
Bain Cap Gss Invt Corpwas 0.1%
ALUSSA ENERGY ACQUISIT- warrantwas 0.0%

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +37.9% /yr; S&P 500 +20.1%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$163.1M	23
Q1 2026	$261.6M	31
Q4 2025	$176.1M	28
Q3 2025	$75.9M	10
Q2 2025	$373.7M	10
Q1 2025	$82.6M	6
Q4 2024	$266.6M	12

Questions about Mercuria Capital Strategies, LLC's portfolio

What stocks does Mercuria Capital Strategies, LLC own?

Mercuria Capital Strategies, LLC's latest 13F, for Q2 2026 and filed Jul 30, 2026, lists 23 positions worth $163.1M. The largest are Sharonai Holdings Inc (SHAZ) at 39.8%, Bain Cap Gss Invt Corp (BCSS) at 9.7%, Freeport Mcmoran Inc (FCX) at 7.5%, Paloma Acquisition Corp I (PALOU) at 6.2% and Alussa Energy Acquisit Corp (ALUB) at 6.2%.

What did Mercuria Capital Strategies, LLC buy last quarter?

In Q2 2026, Mercuria Capital Strategies, LLC added a new position in Sharonai Holdings Inc (SHAZ), a new position in Freeport Mcmoran Inc (FCX), a new position in Sterling Infrastructure Inc (STRL) and a new position in Clearway Energy Inc (CWEN), compared with its Q1 2026 filing.

What did Mercuria Capital Strategies, LLC sell last quarter?

In Q2 2026, Mercuria Capital Strategies, LLC sold all of Teekay Tankers Ltd (TNK), sold all of Lyondellbasell Industries NV (LYB), sold all of Venture Global Inc (VG), sold all of Proshares Tr II (VIXY) and sold all of Global Partners LP (GLP), compared with its Q1 2026 filing.

When is Mercuria Capital Strategies, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Mercuria Capital Strategies, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.