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Mercuria Capital Strategies, LLC

20 E. GREENWAY PLAZA, STE. 650, HOUSTON, TX 77046 • 832.369.2800

Q2 2025 · Filed 2025-07-24
Market Value
$374M
+352.6%
Holdings
11
New Purchases
7
Added To
1
Closed
2
Reduced
1
Top 10 Concentration
100.0%
Turnover
81.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 56.38% 0.00% +56.38% $211M
WMB 8.40% 0.00% +8.40% $31M
VST 5.70% 0.00% +5.70% $21M
FCX 2.67% 0.00% +2.67% $10M
CNX 1.56% 0.00% +1.56% $6M
ATO 1.36% 0.00% +1.36% $5M
FLNC 0.90% 0.00% +0.90% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EXE 5.54% 42.74% -37.20% $21M
EQT 17.48% 45.84% -28.35% $65M
HCC 0.00% 6.59% -6.59% $0
TLN 0.00% 4.84% -4.84% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 59.8%
Financial Services 24.7%
Basic Materials 15.2%
Industrials 0.3%
Technology 0.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $211M 56.4%
Large Cap 7 $154M 41.2%
Mid Cap 3 $9M 2.5%

Portfolio Analytics

Avg Market Cap
$102.4B
Median Market Cap
$29.7B
Avg P/E
20.8
Median P/E
22.8
Avg Dividend Yield
0.01%
Avg Beta
1.05
# Stocks
10
# ETFs / Funds
1

Top Holdings (11 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPY 56.38% 341,000 $211M $617.85 +341,000 NEW
2 EQT 17.48% 1,120,244 $65M $58.32 $27M +412,000 +58.2%
3 WMB 8.40% 500,000 $31M $62.81 +500,000 NEW
4 VST 5.70% 110,000 $21M $193.81 +110,000 NEW
5 EXE 5.54% 176,949 $21M $116.94 -$15M -140,000 -44.2%
6 FCX 2.67% 230,000 $10M $43.35 +230,000 NEW
7 CNX 1.56% 173,598 $6M $33.68 +173,598 NEW
8 ATO 1.36% 33,000 $5M $154.11 +33,000 NEW
9 FLNC 0.90% 500,000 $3M $6.71 +500,000 NEW
10 HCC —% -$5M -114,014 -100.0% SOLD
11 TLN —% -$4M -20,000 -100.0% SOLD

New Positions

SymbolValue% Port
SPY $211M 56.38%
WMB $31M 8.40%
VST $21M 5.70%
FCX $10M 2.67%
CNX $6M 1.56%
ATO $5M 1.36%
FLNC $3M 0.90%

Sold Out Positions

SymbolValue% Port
HCC —%
TLN —%
View SEC EDGAR Filings for Mercuria Capital Strategies, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms