1y return+7.1%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $111 against $127 in the S&P 500.2
Mercuria Capital Strategies, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SHAZSharonai Holdings Inc | $65.0M | 39.8% | New |
| Bain Cap Gss Invt CorpCUSIP G0R78B106 | $15.9M | 9.7% | |
| FCXFreeport Mcmoran Inc | $12.2M | 7.5% | New |
| Paloma Acquisition Corp ICUSIP G6881J128 | $10.1M | 6.2% | |
| Alussa Energy Acquisit CorpCUSIP G0233J100 | $10.0M | 6.2% | |
| Drugs Made In Amer Acq II CoCUSIP G2851K104 | $7.5M | 4.6% | |
| Agriculture & Nat Sol Acq CoCUSIP G0131Y100 | $5.7M | 3.5% | |
| Inflection Pt Acquisition CoCUSIP G47875102 | $5.5M | 3.4% | |
| Gsr Iv Acquisition CorpCUSIP G4R12K107 | $5.1M | 3.1% | |
| Gigcapital8 CorpCUSIP G3864J100 | $5.0M | 3.1% | |
| STRLSterling Infrastructure Inc | $4.3M | 2.6% | New |
| Texas Ventures Acquisition ICUSIP G8772L105 | $3.7M | 2.2% | |
| Berto Acquisition CorpCUSIP G1051H101 | $2.8M | 1.7% | |
| Viking Acquisition Corp ICUSIP G9582G104 | $2.6M | 1.6% | |
| Pyrophyte Acquisition Corp.CUSIP G7309T102 | $2.5M | 1.6% | |
| Silverbox Corp VCUSIP G8148S107 | $2.5M | 1.5% | |
| CWENClearway Energy Inc | $1.3M | 0.8% | New |
| GMTLGuardian Metal Res PLC | $952K | 0.6% | +4.6% |
| Cantor Equity Partners Iv InCUSIP G1828E100 | $99K | 0.1% | |
| Churchill Capital Corp IxCUSIP G21301109 | $95K | 0.1% | |
| Drugs Made In Amer Acq II CoCUSIP G2851K112 | $60K | 0.0% | |
| Gigcapital8 CorpCUSIP G3864J118 | $49K | 0.0% | |
| Churchill Cap Corp XiCUSIP G2131A108 | $17K | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Churchill Cap Corp XiCUSIP G2131A108 | March 31, 2026 | +71.8% | $17K |
| Berto Acquisition CorpCUSIP G1051H101 | December 31, 2025 | +3.5% | $2.8M |
| Viking Acquisition Corp ICUSIP G9582G104 | March 31, 2026 | +2.9% | $2.6M |
| Churchill Capital Corp IxCUSIP G21301109 | December 31, 2025 | +2.4% | $95K |
| Agriculture & Nat Sol Acq CoCUSIP G0131Y100 | December 31, 2025 | +2.1% | $5.7M |
| Bain Cap Gss Invt CorpCUSIP G0R78B106 | December 31, 2025 | +1.9% | $15.9M |
| Gigcapital8 CorpCUSIP G3864J100 | December 31, 2025 | +1.8% | $5.0M |
| Gsr Iv Acquisition CorpCUSIP G4R12K107 | December 31, 2025 | +1.7% | $5.1M |
| Silverbox Corp VCUSIP G8148S107 | March 31, 2026 | +1.4% | $2.5M |
| Pyrophyte Acquisition Corp.CUSIP G7309T102 | December 31, 2025 | +1.4% | $2.5M |
Sold off last quarter
- Teekay Tankers LtdCUSIP G8726X106 was $130.4M
- Lyondellbasell Industries NvCUSIP N53745100 was $32.8M
- VGVenture Global Inc was $9.1M
- VIXYProshares Tr II was $5.2M
- GLPGlobal Partners LP was $3.5M
- Diana Shipping IncCUSIP Y2066G104 was $654K
- Bain Cap Gss Invt CorpCUSIP G0R78B114 was $192K
- Alussa Energy Acquisit CorpCUSIP G0233J118 was $120K
- Cantor Equity Partners III ICUSIP G1828A108 was $99K
- Silverbox Corp VCUSIP G8148S115 was $28K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −11.5% | +14.8% |
| March 31, 2026 | +17.4% | −4.6% |
| December 31, 2025 | −0.2% | +2.4% |
| September 30, 2025 | +3.2% | +7.8% |
| June 30, 2025 | +8.3% | +10.5% |
| March 31, 2025 | −4.6% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Mercuria Capital Strategies, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2048079&type=13F-HR&dateb=&owner=include&count=40CIK 2048079
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2048079/000204807926000016/Filed July 30, 2026 · accession 0002048079-26-000016