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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
Cap. Flow
+$260M
Cap. Flow %
69.47%
Top 10 Hldgs %
100%
Holding
13
New
7
Increased
1
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$195M
2
WMB icon
Williams Companies
WMB
+$29.5M
3
EQT icon
EQT Corp
EQT
+$22.2M
4
VST icon
Vistra
VST
+$16.3M
5
FCX icon
Freeport-McMoran
FCX
+$8.74M

Top Sells

Rank Stock Value
1
EXE
Expand Energy Corp
EXE
+$15.6M
2
HCC icon
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$821B
$211M 56.38%
+341,000
New +$195M
EQT icon
2
EQT Corp
EQT
$33B
$65.3M 17.48%
1,120,244
+412,000
+58% +$22.2M
WMB icon
3
Williams Companies
WMB
$86.1B
$31.4M 8.4%
+500,000
New +$29.5M
VST icon
4
Vistra
VST
$48.3B
$21.3M 5.7%
+110,000
New +$16.3M
EXE
5
Expand Energy Corp
EXE
$21.9B
$20.7M 5.54%
176,949
-140,000
-44% -$15.6M
FCX icon
6
Freeport-McMoran
FCX
$96.7B
$9.97M 2.67%
+230,000
New +$8.74M
CNX icon
7
CNX Resources
CNX
$5.33B
$5.85M 1.56%
+173,598
New +$5.47M
ATO icon
8
Atmos Energy
ATO
$28.9B
$5.09M 1.36%
+33,000
New +$5.13M
FLNC icon
9
Fluence Energy
FLNC
$2.08B
$3.35M 0.9%
+500,000
New +$2.38M
WLK icon
10
PUT
Westlake Corp
WLK
$8.95B
$18.3K ﹤0.01%
2,000
– –
CNX icon
11
CALL
CNX Resources
CNX
$5.33B
– –
-3,698
Closed -$277
HCC icon
12
Warrior Met Coal
HCC
$4.25B
– –
-114,014
Closed -$5.44M
TLN
13
Talen Energy Corp
TLN
$16.3B
– –
-20,000
Closed -$3.99M

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OFM
Omega Fund Management Boston, Massachusetts $163M AUM 107.06% 1-Year Est. Return
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IVGAI
Index Venture Growth Associates IV St. Helier, Jersey $163M AUM 54.88% 1-Year Est. Return
CC
Cannell Capital Alta, Wyoming $163M AUM 40.62% 1-Year Est. Return
TCGDR
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IPWA
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TIAM2
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CWMGO
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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.