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MCS
Mercuria Capital Strategies Portfolio holdings
AUM
$163M
1-Year Est. Return
258.7%
This Fund
S&P 500
This Quarter
Est. Return
+12.75%
1 Year Est. Return
+258.7%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$374M
AUM Growth
+$291M
(+353%)
Cap. Flow
+$260M
Cap. Flow
% of AUM
69.47%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
7
Increased
1
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$195M |
| 2 |
Williams Companies
WMB
|
+$29.5M |
| 3 |
EQT Corp
EQT
|
+$22.2M |
| 4 |
Vistra
VST
|
+$16.3M |
| 5 |
Freeport-McMoran
FCX
|
+$8.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$15.6M |
| 2 |
Warrior Met Coal
HCC
|
+$5.44M |
| 3 |
TLN
Talen Energy Corp
TLN
|
+$3.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 32.99% |
| 2 | Utilities | 7.96% |
| 3 | Materials | 2.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $211M | 56.38% |
+341,000
| New | +$195M |
|
|
2
EQT Corp
EQT
$32B
| $65.3M | 17.48% |
1,120,244
+412,000
| +58% | +$22.2M |
|
|
3
Williams Companies
WMB
$87.8B
| $31.4M | 8.4% |
+500,000
| New | +$29.5M |
|
|
4
Vistra
VST
$47.4B
| $21.3M | 5.7% |
+110,000
| New | +$16.3M |
|
|
EXE
5
Expand Energy Corp
EXE
$21B
| $20.7M | 5.54% |
176,949
-140,000
| -44% | -$15.6M |
|
|
6
Freeport-McMoran
FCX
$99.8B
| $9.97M | 2.67% |
+230,000
| New | +$8.74M |
|
7
CNX Resources
CNX
$5.11B
| $5.85M | 1.56% |
+173,598
| New | +$5.47M |
|
8
Atmos Energy
ATO
$28.7B
| $5.09M | 1.36% |
+33,000
| New | +$5.13M |
|
9
Fluence Energy
FLNC
$1.89B
| $3.35M | 0.9% |
+500,000
| New | +$2.38M |
|
10
PUT
Westlake Corp
WLK
$10.1B
| $18.3K | ﹤0.01% |
2,000
| – | – |
|
|
11
CALL
CNX Resources
CNX
$5.11B
| – | – |
-3,698
| Closed | -$277 |
|
|
12
Warrior Met Coal
HCC
$4.45B
| – | – |
-114,014
| Closed | -$5.44M |
|
|
TLN
13
Talen Energy Corp
TLN
$15.8B
| – | – |
-20,000
| Closed | -$3.99M |
|
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Mercuria Capital Strategies's Q2 2025 Portfolio in Review
As of Q2 2025, Mercuria Capital Strategies held 13 positions worth $374M, up 353% from $82.6M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Mercuria Capital Strategies deployed $260M of net new capital in Q2 2025, opening 7 new positions and adding to 1 existing holding. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 341,000 shares worth $211M.
By sector, the portfolio is most concentrated in Energy at 33% of assets, down from 89% a quarter earlier, followed by Utilities and Materials.
On the sell side, the largest reduction was Expand Energy Corp, an estimated $15.6M trimmed.
- Mercuria Capital Strategies's largest Q2 2025 buy was State Street SPDR S&P 500 ETF Trust: 341,000 shares worth $211M.
- Mercuria Capital Strategies added most to EQT Corp in Q2 2025, an estimated $22.2M increase.
- Mercuria Capital Strategies's biggest Q2 2025 reduction was Expand Energy Corp, cutting an estimated $15.6M.
- Mercuria Capital Strategies fully exited Warrior Met Coal in Q2 2025, selling an estimated $5.44M.
- Mercuria Capital Strategies's ten largest holdings make up 100% of its $374M portfolio in Q2 2025.
- Mercuria Capital Strategies opened 7 new positions and closed 3 in Q2 2025.
- Mercuria Capital Strategies's portfolio value rose 353% quarter-over-quarter to $374M.
Based on Mercuria Capital Strategies's 13F filing for Q2 2025, filed 24 Jul 2025.