Mercuria Capital Strategies, LLC

Portfolio Overview

Mercuria Capital Strategies, LLC disclosed 31 positions worth $261.6M in its Form 13F-HR for Q1 2026, led by $TNK (TEEKAY TANKERS LTD.) at 49.9% of the equity portfolio, followed by $LYB and $BCSS. During the quarter the fund opened 10 new positions and exited 11 — including a new stake in $LYB and a full exit from $TK. The portfolio is most concentrated in Industrials (50.1% of disclosed assets). All figures are sourced directly from Mercuria Capital Strategies, LLC’s Form 13F-HR filing with the SEC under CIK 2048079.

• 

  TEEKAY TANKERS LTD.

  $TNK

  —

  Quality

  $130.4M1,778,956 sh
• 

  LyondellBasell Industries N.V.

  $LYB

  —

  Quality

  $32.8M407,122 sh
• 

  Bain Capital GSS Investment Corp.

  $BCSS

  —

  Quality

  $15.6M1,545,878 sh

• PALOMA ACQUISITION CORP I

  —

  Quality

  $10.0M1,000,000 sh

• ALUSSA ENERGY ACQUISIT CORP

  —

  Quality

  $10.0M1,000,000 sh
• 

  Venture Global, Inc.

  $VG

  69.0

  Quality

  $9.1M580,046 sh
• 

  Drugs Made In America Acquisition II Corp.

  $DMII

  —

  Quality

  $7.5M750,000 sh
• 

  Agriculture & Natural Solutions Acquisition Corp

  $ANSC

  —

  Quality

  $5.6M500,000 sh
• 

  Inflection Point Acquisition Corp. III

  $IPCX

  —

  Quality

  $5.5M535,000 sh

• PROSHARES TR II

  —

  Quality

  $5.2M150,000 sh

Company	Quality	Value	Shares
TEEKAY TANKERS LTD.$TNK	—	$130.4M	1,778,956
LyondellBasell Industries N.V.$LYB	—	$32.8M	407,122
Bain Capital GSS Investment Corp.$BCSS	—	$15.6M	1,545,878
PALOMA ACQUISITION CORP I	—	$10.0M	1,000,000
ALUSSA ENERGY ACQUISIT CORP	—	$10.0M	1,000,000
Venture Global, Inc.$VG	69.0	$9.1M	580,046
Drugs Made In America Acquisition II Corp.$DMII	—	$7.5M	750,000
Agriculture & Natural Solutions Acquisition Corp$ANSC	—	$5.6M	500,000
Inflection Point Acquisition Corp. III$IPCX	—	$5.5M	535,000
PROSHARES TR II	—	$5.2M	150,000

Showing top 10 of 31 holdings.

Full Holdings — Mercuria Capital Strategies, LLC (Q1 2026)

All 31 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$TNK	TEEKAY TANKERS LTD.	$130.4M	49.9%	+45%	—
2	$LYB	LyondellBasell Industries N.V.	$32.8M	12.5%	NEW	—
3	$BCSS	Bain Capital GSS Investment Corp.	$15.6M	6.0%	-50%	—
4	—	PALOMA ACQUISITION CORP I	$10.0M	3.8%	NEW	—
5	—	ALUSSA ENERGY ACQUISIT CORP	$10.0M	3.8%	NEW	—
6	$VG	Venture Global, Inc.	$9.1M	3.5%	NEW	69
7	$DMII	Drugs Made In America Acquisition II Corp.	$7.5M	2.9%	NEW	—
8	$ANSC	Agriculture & Natural Solutions Acquisition Corp	$5.6M	2.2%	-50%	—
9	$IPCX	Inflection Point Acquisition Corp. III	$5.5M	2.1%	-50%	—
10	—	PROSHARES TR II	$5.2M	2.0%	NEW	—
11	$GSRF	GSR IV Acquisition Corp.	$5.0M	1.9%	-50%	—
12	$GIW	GigCapital8 Corp.	$5.0M	1.9%	-33%	—
13	$TVA	Texas Ventures Acquisition III Corp	$3.6M	1.4%	-65%	—
14	$GLP	GLOBAL PARTNERS LP	$3.5M	1.3%	NEW	51.4
15	$TACO	Berto Acquisition Corp.	$2.8M	1.1%	-50%	—
16	$PAII	Pyrophyte Acquisition Corp. II	$2.5M	1.0%	-50%	—
17	$VACI	Viking Acquisition Corp I	$2.5M	0.9%	NEW	—
18	—	SILVERBOX CORP V	$2.5M	0.9%	-50%	—
19	$GMTL	Guardian Metal Resources PLC	$1.1M	0.4%	NEW	—
20	$DSX	DIANA SHIPPING INC.	$653,952	0.3%	+148%	—
21	$BCSS	Bain Capital GSS Investment Corp.	$191,688	0.1%	NEW	—
22	—	ALUSSA ENERGY ACQUISIT CORP	$120,033	0.1%	NEW	—
23	$CAEP	Cantor Equity Partners III, Inc.	$98,945	0.0%	-50%	—
24	$CEPF	Cantor Equity Partners IV, Inc.	$96,835	0.0%	-50%	—
25	$CCIX	Churchill Capital Corp IX/Cayman	$93,578	0.0%	-50%	—
26	$DMII	Drugs Made In America Acquisition II Corp.	$60,000	0.0%	NEW	—
27	$GIW	GigCapital8 Corp.	$56,250	0.0%	+50%	—
28	—	SILVERBOX CORP V	$28,466	0.0%	-83%	—
29	$VACI	Viking Acquisition Corp I	$25,883	0.0%	NEW	—
30	—	CHURCHILL CAP CORP XI	$10,160	0.0%	-50%	—
31	—	CHURCHILL CAP CORP XI	$75	0.0%	-95%	—