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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
+21.3%
1 Year Est. Return
+258.7%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$75.9M
AUM Growth
-$298M
(-80%)
Cap. Flow
-$305M
Cap. Flow
% of AUM
-402.02%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
18
New
8
Increased
–
Reduced
2
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Generac Holdings
GNRC
|
+$7.17M |
| 2 |
Delek US
DK
|
+$7.09M |
| 3 |
Cummins
CMI
|
+$6.22M |
| 4 |
Caterpillar
CAT
|
+$6.19M |
| 5 |
PSIX
Power Solutions International
PSIX
|
+$4.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$194M |
| 2 |
EQT Corp
EQT
|
+$49.2M |
| 3 |
Williams Companies
WMB
|
+$31.4M |
| 4 |
Vistra
VST
|
+$21.3M |
| 5 |
EXE
Expand Energy Corp
EXE
|
+$20.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 34.13% |
| 2 | Energy | 29.58% |
| 3 | Technology | 2.93% |
| 4 | Materials | 0% |
| 5 | Utilities | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$823B
| $25.3M | 33.35% |
38,000
-303,000
| -89% | -$194M |
|
|
2
EQT Corp
EQT
$32.4B
| $10.3M | 13.57% |
189,244
-931,000
| -83% | -$49.2M |
|
|
3
Delek US
DK
$3.66B
| $8.75M | 11.53% |
+271,290
| New | +$7.09M |
|
|
4
Caterpillar
CAT
$390B
| $6.91M | 9.11% |
+14,490
| New | +$6.19M |
|
|
5
Cummins
CMI
$88.7B
| $6.86M | 9.03% |
+16,230
| New | +$6.22M |
|
|
6
Generac Holdings
GNRC
$12.7B
| $6.85M | 9.03% |
+40,934
| New | +$7.17M |
|
|
PSIX
7
Power Solutions International
PSIX
$927M
| $4.57M | 6.02% |
+46,490
| New | +$4.12M |
|
|
SEI
8
Solaris Energy Infrastructure
SEI
$3.59B
| $3.4M | 4.48% |
+85,006
| New | +$2.66M |
|
9
Shoals Technologies Group
SHLS
$1.48B
| $2.22M | 2.93% |
+300,000
| New | +$1.85M |
|
10
Fuel Tech
FTEK
$44M
| $720K | 0.95% |
+240,000
| New | +$696K |
|
11
Atmos Energy
ATO
$29.1B
| – | – |
-33,000
| Closed | -$5.09M |
|
12
CNX Resources
CNX
$5.19B
| – | – |
-173,598
| Closed | -$5.85M |
|
13
Freeport-McMoran
FCX
$97.6B
| – | – |
-230,000
| Closed | -$9.97M |
|
14
Fluence Energy
FLNC
$2.43B
| – | – |
-500,000
| Closed | -$3.35M |
|
|
15
Vistra
VST
$47.5B
| – | – |
-110,000
| Closed | -$21.3M |
|
16
PUT
Westlake Corp
WLK
$10B
| – | – |
-2,000
| Closed | -$18.3K |
|
|
17
Williams Companies
WMB
$87.4B
| – | – |
-500,000
| Closed | -$31.4M |
|
|
EXE
18
Expand Energy Corp
EXE
$21.6B
| – | – |
-176,949
| Closed | -$20.7M |
|
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Mercuria Capital Strategies's Q3 2025 Portfolio in Review
As of Q3 2025, Mercuria Capital Strategies held 18 positions worth $75.9M, down 80% from $374M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Mercuria Capital Strategies withdrew a net $305M in Q3 2025, closing 8 positions and reducing 2 holdings. Its most notable exit was Williams Companies, an estimated $31.4M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 34% of assets, followed by Energy and Technology.
Against the trend, Mercuria Capital Strategies opened a new position in Generac Holdings worth $6.85M.
- Mercuria Capital Strategies's largest Q3 2025 buy was Generac Holdings: 40,934 shares worth $6.85M.
- Mercuria Capital Strategies's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $194M.
- Mercuria Capital Strategies fully exited Williams Companies in Q3 2025, selling an estimated $31.4M.
- Mercuria Capital Strategies's ten largest holdings make up 100% of its $75.9M portfolio in Q3 2025.
- Mercuria Capital Strategies opened 8 new positions and closed 8 in Q3 2025.
- Mercuria Capital Strategies's portfolio value fell 80% quarter-over-quarter to $75.9M.
Based on Mercuria Capital Strategies's 13F filing for Q3 2025, filed 13 Nov 2025.