Segra Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Segra Capital Management, LLC reported 5 stock positions worth $46.8 million. Its top holding was Terra Innovatum Global (NKLR) at 39.4% of the portfolio, followed by Amentum (AMTM, 37.5%) and Vistra (VST, 19.3%). Compared with Q3 2025, it opened 1 new position, added to 2 and reduced 2. The biggest buy was a new position in Terra Innovatum Global (NKLR) and the biggest sale Ur-Energy (URG, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- PALM BEACH, FL
- CIK
- 0001607512
- Portfolio Value
- $46.8M (Q4 2025)
- SEC Filing
- 0001607512-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 5 stocks · $46.8M
| NKLR Terra Innovatum Global NV | 39.38% | 13,252,093 | $18.4M | New |
| AMTM Amentum Holdings Inc. | 37.50% | 604,810 | $17.5M | Add +45.0% |
| VST Vistra Corp. | 19.33% | 1,956,518 | $9.0M | Add +195551.8% |
| NXE Nexgen Energy Ltd. | 3.44% | 175,000 | $1.6M | Reduce -94.7% |
| URG Ur-Energy Inc. | 0.34% | 1,000 | $161K | Reduce -100.0% |
Options reported separately and not counted above: GLOBAL X FDS puts ($94.3M).
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
Options Activity Q3 2025 → Q4 2025
| GLOBAL X FDS | put | Reduce -20.3% | 2,207,100 | $94.3M |
| URANIUM ENERGY CORP | put | Sold out | 2,164,800 | $28.9Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $435.0M | XE, VST, AMTM, CEG, NRG |
| Q1 2026 | 6 | $128.4M | AMTM, CEG, VST, GEV, NKLR |
| Q4 2025 | 5 | $46.8M | NKLR, AMTM, VST, NXE, URG |
| Q3 2025 | 4 | $86.5M | URG, NXE, AMTM, VST |
| Q2 2025 | 8 | $310.0M | NXE, DNN, CCJ, BWXT, URG |
| Q1 2025 | 9 | $204.1M | NXE, DNN, BWXT, URG, UEC |
| Q4 2024 | 7 | $194.5M | NXE, DNN, URG, CCJ, BWXT |
| Q3 2024 | 8 | $256.4M | NXE, CCJ, DNN, URG, UEC |
| Q2 2024 | 4 | $109.1M | NXE, URG, DNN, BWXT |
| Q1 2024 | 4 | $130.8M | NXE, DNN, URG, CCJ |