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Mercuria Capital Strategies, LLC

CIK:0002048079
Hedge Fund
$374M AUM
9 holdings
Houston, TX, United States
Founded:2024
8 employees
Latest filing:Jun 30, 2025

Mercuria Capital Strategies, LLC is an investment firm headquartered in Houston, Texas. Founded in 2024, it operates as an institutional asset manager, serving US and global investors. The firm specializes in energy, utilities, and industrial sector investments. With an employee base estimated to be under 10, the firm manages equity portfolios oriented around both traditional and renewable energy investments. Its expertise leverages quantitative analytics for portfolio construction and risk management in public and private markets.

Investment Strategy

Mercuria Capital Strategies, LLC pursues a focused strategy on equity investments within the energy sector, particularly targeting companies involved in oil, natural gas, mining, and power generation. The firm employs a data-driven, event-responsive approach, balancing long-term holdings in established resource companies with opportunistic positions in emerging or transitioning energy technologies. The strategy includes using fundamental research, macroeconomic analysis, and derivatives to manage risk and capitalize on sector disruptions.

Top Buys
W
WMBWILLIAMS COS INC
+$31.4M
E
EQTEQT CORP
+$27.5M
V
VSTVISTRA CORP
+$21.3M
E
EXEEXPAND ENERGY CORPORATION
-$14.6M
F
FCXFREEPORT-MCMORAN INC
+$10.0M
Top Sells
W
WMBWILLIAMS COS INC
+$31.4M
E
EQTEQT CORP
+$27.5M
V
VSTVISTRA CORP
+$21.3M
E
EXEEXPAND ENERGY CORPORATION
-$14.6M
F
FCXFREEPORT-MCMORAN INC
+$10.0M

Top Holdings

E
EQTEQT CORP
+40.1%$65.3M
W
WMBWILLIAMS COS INC
+19.3%$31.4M
V
VSTVISTRA CORP
+13.1%$21.3M
E
EXEEXPAND ENERGY CORPORATION
+12.7%$20.7M
F
FCXFREEPORT-MCMORAN INC
+6.1%$10.0M

Equity Positions (8)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
E
EQT
EQT CORP40.08%$65.3M1,120,244$50.60$58.32+$27.5M
W
WMB
WILLIAMS COS INC19.26%$31.4M500,000$62.81$62.81+$31.4M
V
VST
VISTRA CORP13.08%$21.3M110,000$193.81$193.81+$21.3M
E
EXE
EXPAND ENERGY CORPORATION12.69%$20.7M176,949$99.55$116.94-$14.6M
F
FCX
FREEPORT-MCMORAN INC6.12%$10.0M230,000$43.35$43.35+$10.0M

Industry Allocation

CRUDE PETROLEUM & NATURAL GAS
+56.4%
NATURAL GAS TRANSMISSION
+19.3%
ELECTRIC SERVICES
+13.1%
METAL MINING
+6.1%
NATURAL GAS DISTRIBUTION
+3.1%