Mercuria Capital Strategies, LLC

Q3 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
10
Total value ($000)
$75,898
Net value change ($000)
-297,814 (-79.7%)
New positions
8
Sold out positions
7
Turnover %
181.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/24/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DK 8,755 NEW
CAT 6,914 NEW
CMI 6,855 NEW
GNRC 6,852 NEW
PSIX 4,566 NEW
SEI 3,398 NEW
SHLS 2,223 NEW
FTEK 720 NEW
Top Reduces (Value $000, Stocks/ETFs)
SPY -185,372 -88.0%
EQT -55,032 -84.2%
WMB -31,405 -100.0%
VST -21,319 -100.0%
EXE -20,692 -100.0%
FCX -9,971 -100.0%
CNX -5,847 -100.0%
ATO -5,086 -100.0%
FLNC -3,355 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type