Skip to content
Disclosery

Mercuria Capital Strategies, LLC

Follow

13F filer, CIK 2048079, HOUSTON, TX

Mercuria Capital Strategies, LLC reported $373,712,206 across 10 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-24.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0002048079-25-000008

Period
2025-06-30
Reported value
$374M
Holdings
10
Top 10 weight
100%
New
7
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYnew+341,000$211M
WMBnew+500,000$31.4M
EQTadded+412,000$24M
VSTnew+110,000$21.3M
FCXnew+230,000$9.97M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EXEreduced-140,000-$16.4M
HCCexited-114,014-$5.44M
TLNexited-20,000-$3.99M
CNX RES CORPexited-3,698-$277

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0002048079-25-000008, largest first. % of portfolio is the value over $373,712,206, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 341,000 shares 341,000$211M56.38%newTimeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 760,000 shares; 2025Q1: 708,244 shares; 2025Q2: 1,120,244 shares 1,120,244$65.3M17.48%+412,000Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 500,000 shares 500,000$31.4M8.4%newTimeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 35,000 shares; 2025Q1: not reported; 2025Q2: 110,000 shares 110,000$21.3M5.7%newTimeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 388,042 shares; 2025Q1: 316,949 shares; 2025Q2: 176,949 shares 176,949$20.7M5.54%-140,000Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 230,000 shares 230,000$9.97M2.67%newTimeline
CNXCNX RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 4,000,000 shares; 2025Q1: not reported; 2025Q2: 173,598 shares 173,598$5.85M1.56%newTimeline
ATOATMOS ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 33,000 shares 33,000$5.09M1.36%newTimeline
FLNCFLUENCE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 500,000 shares 500,000$3.35M0.9%newTimeline
WESTLAKE CORPORATIONWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 2,000 shares; 2025Q2: 2,000 shares 2,000$18.3K<0.01%0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
HCCWARRIOR MET COAL INC114,014$5.44Mshares
TLNTALEN ENERGY CORP20,000$3.99Mshares
CNX RES CORPCNX RES CORP3,698$277shares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0002048079-25-000008 base2025-07-24acceptance time not in the bulk data set