Mercuria Capital Strategies, LLC

Q4 2025 13F-HR/A Holdings

Location
Houston, TX
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR/A - RESTATEMENT
Num holdings
28
Total value ($000)
$176,052
Net value change ($000)
+100,154 (132.0%)
New positions
23
Sold out positions
7
Turnover %
123.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
TNK 65,615 NEW
BCSS 15,799 NEW
ALUB 10,100 NEW
DMAA 7,511 NEW
ANSC 5,595 NEW
BACQ 5,425 NEW
TVA 5,325 NEW
VMC 5,017 NEW
GSRF 4,995 NEW
GIW 3,709 NEW
Top Reduces (Value $000, Stocks/ETFs)
SPY -25,315 -100.0%
DK -8,755 -100.0%
CMI -6,855 -100.0%
GNRC -6,852 -100.0%
PSIX -4,566 -100.0%
SHLS -2,223 -100.0%
SEI -1,925 -56.7%
CAT -1,523 -22.0%
FTEK -720 -100.0%
EQT -521 -5.1%
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