Portfolio (Quarterly) Guide ↗

Mercuria Capital Strategies, LLC

· CIK 0002048079

13F Portfolio $163M AUM 23 positions Filed Jul 30, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q4 2025 · All 13 New 2 Added 1 Reduced 18 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	SHAZ	SHARONAI HOLDINGS INC	Technology	767,333.0	$65.0M	39.84%	NEW	—	$84.66	-9.2%
2	FCX	FREEPORT MCMORAN INC	Basic Materials	194,370.0	$12.2M	7.50%	NEW	—	$62.89	+8.8%
3	—	PALOMA ACQUISITION CORP I	—	1,000,000.0	$10.1M	6.18%	NEW	—	$10.08	—
4	ALUB	ALUSSA ENERGY ACQUISIT CORP	Financial Services	1,000,000.0	$10.0M	6.16%	NEW	—	$10.04	+1.1%
5	DMII	DRUGS MADE IN AMER ACQ II CO	Financial Services	750,000.0	$7.5M	4.63%	NEW	—	$10.06	+0.8%
6	IPCX	INFLECTION PT ACQUISITION CO	Financial Services	535,000.0	$5.5M	3.39%	NEW	—	$10.33	-61.8%
7	STRL	STERLING INFRASTRUCTURE INC	Industrials	5,127.0	$4.3M	2.64%	NEW	—	$839.36	-28.1%
8	VACI	VIKING ACQUISITION CORP I	Financial Services	250,000.0	$2.6M	1.57%	NEW	—	$10.22	+0.0%
9	SBXE	SILVERBOX CORP V	Financial Services	250,000.0	$2.5M	1.54%	NEW	—	$10.06	+0.1%
10	CWEN	CLEARWAY ENERGY INC	Utilities	37,130.0	$1.3M	0.78%	NEW	—	$34.18	-0.1%
11	—	GUARDIAN METAL RES PLC	—	67,984.0	$952K	0.58%	NEW	—	$14.01	—
12	—	DRUGS MADE IN AMER ACQ II CO	—	750,000.0	$60K	0.04%	NEW	—	$0.08	—
13	—	CHURCHILL CAP CORP XI	—	1,000.0	$17K	0.01%	NEW	—	$17.45	—

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Technology 52.7%

Financial Services 32.9%

Basic Materials 9.9%

Industrials 3.5%

Utilities 1.0%