Mercuria Capital Strategies, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), Mercuria Capital Strategies, LLC reported 6 stock positions worth $82.6 million. Its top holding was Eqt (EQT) at 45.8% of the portfolio, followed by Expand Energy (EXE, 42.7%) and Warrior Met Coal (HCC, 6.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 8 and reduced 3. The biggest buy was a new position in Talen Energy (TLN) and the biggest sale an exit from CNX Resources (CNX).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0002048079
- Portfolio Value
- $82.6M (Q1 2025)
- SEC Filing
- 0002048079-25-000007 ↗ filed Apr 14, 2025
Holdings Value
Holdings 6 stocks · $82.6M
Portfolio Sells Q4 2024 → Q1 2025
| CNX CNX Resources Corp. | Sold out | 0.00% | −55.01 |
| ET Energy Transfer LP | Sold out | 0.00% | −4.78 |
| AR Antero Resources Corp. | Sold out | 0.00% | −4.47 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −2.03 |
| VST Vistra Corp. | Sold out | 0.00% | −1.81 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.92 |
| CLNE Clean Energy Fuels Corp. | Sold out | 0.00% | −0.18 |
| CNX RES CORP | Sold out | 0.00% | −0.03 |
| HCC Warrior Met Coal Inc. | Reduce -26.0% | 6.59% | +3.46 |
| EXE Expand Energy Corp. | Reduce -18.3% | 42.73% | +28.25 |
| EQT Eqt Corp. | Reduce -6.8% | 45.83% | +32.69 |
Portfolio Buys Q4 2024 → Q1 2025
| TLN Talen Energy Corp. | New | 4.84% | +4.84 |
| WESTLAKE CORPORATION | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $162.9M | SHAZ, BCSS, FCX, PALOU, ALUB |
| Q1 2026 | 24 | $261.1M | TNK, LYB, BCSS, ALUB, PALOU |
| Q4 2025Amended | 27 | $176.0M | TNK, BCSS, GIGACLOUD TECHNOLOGY INC, ALUB.U, EQT |
| Q3 2025 | 10 | $75.9M | SPY, EQT, DK, CAT, CMI |
| Q2 2025 | 10 | $373.7M | SPY, EQT, WMB, VST, EXE |
| Q1 2025 | 6 | $82.6M | EQT, EXE, HCC, TLN, WESTLAKE CORPORATION |
| Q4 2024 | 12 | $266.6M | CNX, EXE, EQT, ET, AR |