Mercuria Capital Strategies, LLC Quant / Systematic

Location: Houston, TX

CIK: 0002048079 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $176M (100.0% shares, 0.0% debt)

Holdings (28)

TNK TEEKAY TANKERS LTD 37.3%

Value $65.62M Shares 1,228,294 Est. Cost $56.15 Unrealized 0.0%

BCSS BAIN CAP GSS INVT CORP 9.0%

Value $15.8M Shares 1,545,878 Est. Cost $10.08 Unrealized 0.0%

— GIGACLOUD TECHNOLOGY INC 6.0%

Value $10.54M Shares 1,000,000 Est. Cost $10.54 Unrealized —

ALUB/U ALUSSA ENERGY ACQUISITION CO 5.7%

Value $10.1M Shares 1,000,000 Est. Cost $10.10 Unrealized —

EQT EQT CORP 5.6%

Value $9.78M Shares 182,465 Est. Cost $45.43 Unrealized +23.6%

DMAA DRUGS MADE IN AMER ACQUTN CO 4.3%

Value $7.511M Shares 750,000 Est. Cost $10.33 Unrealized 0.0%

ANSC AGRICULTURE & NAT SOL ACQ CO 3.2%

Value $5.595M Shares 500,000 Est. Cost $11.09 Unrealized 0.0%

BACQ INFLECTION POINT ACQUISITION 3.1%

Value $5.425M Shares 535,000 Est. Cost $10.87 Unrealized 0.0%

CAT CATERPILLAR INC 3.1%

Value $5.391M Shares 9,410 Est. Cost $425.39 Unrealized +30.6%

TVA TEXAS VENTURES ACQUISITION I 3.0%

Value $5.325M Shares 500,000 Est. Cost $10.86 Unrealized 0.0%

VMC VULCAN MATLS CO 2.8%

Value $5.017M Shares 17,591 Est. Cost $293.14 Unrealized 0.0%

GSRF GSR IV ACQUISITION CORP 2.8%

Value $4.995M Shares 500,000 Est. Cost $10.02 Unrealized 0.0%

GIW GIGCAPITAL8 CORP 2.1%

Value $3.709M Shares 375,000 Est. Cost $9.91 Unrealized 0.0%

TACO BERTO ACQUISITION CORP 1.6%

Value $2.747M Shares 270,908 Est. Cost $10.26 Unrealized 0.0%

CORZ CORE SCIENTIFIC INC NEW 1.5%

Value $2.718M Shares 186,643 Est. Cost $17.44 Unrealized 0.0%

CX CEMEX SAB DE CV 1.5%

Value $2.621M Shares 228,102 Est. Cost $11.49 Unrealized —

VACI/U VIKING ACQUISITION CORP I 1.4%

Value $2.518M Shares 250,000 Est. Cost $10.07 Unrealized —

SBXE/U SILVERBOX CORP V 1.4%

Value $2.515M Shares 250,000 Est. Cost $10.06 Unrealized —

PAII PYROPHYTE ACQUISITION CORP. 1.4%

Value $2.515M Shares 250,000 Est. Cost $10.06 Unrealized 0.0%

ACA ARCOSA INC 1.4%

Value $2.466M Shares 23,192 Est. Cost $100.90 Unrealized 0.0%

SEI SOLARIS ENERGY INFRAS INC 0.8%

Value $1.473M Shares 32,038 Est. Cost $31.12 Unrealized +55.2%

GIWWU GIGCAPITAL8 CORP 0.7%

Value $1.272M Shares 125,000 Est. Cost $10.18 Unrealized —

CAEP CANTOR EQUITY PARTNERS III I 0.1%

Value $97,889 Shares 9,597 Est. Cost $10.37 Unrealized 0.0%

CEPF CANTOR EQUITY PARTNERS IV IN 0.1%

Value $97,690 Shares 9,503 Est. Cost $10.40 Unrealized 0.0%

CCIX CHURCHILL CAPITAL CORP IX 0.1%

Value $93,140 Shares 8,762 Est. Cost $10.65 Unrealized 0.0%

DSX DIANA SHIPPING INC 0.0%

Value $87,598 Shares 52,770 Est. Cost $1.74 Unrealized 0.0%

GIWWR GIGCAPITAL8 CORP 0.0%

Value $19,375 Shares 62,500 Est. Cost $0.31 Unrealized —

CCXIU CHURCHILL CAP CORP XI 0.0%

Value $10,210 Shares 1,000 Est. Cost $10.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TNK	TEEKAY TANKERS LTD	1,228,294	$65.62M	37.3%	$56.15	0.0%	CL A	G8726X106
BCSS	BAIN CAP GSS INVT CORP	1,545,878	$15.8M	9.0%	$10.08	0.0%	ORD CL A	G0R78B106
—	GIGACLOUD TECHNOLOGY INC	1,000,000	$10.54M	6.0%	$10.54	—	PUT	G38644953
ALUB/U	ALUSSA ENERGY ACQUISITION CO	1,000,000	$10.1M	5.7%	$10.10	—	UNIT 99/99/9999	G0233J126
EQT	EQT CORP	182,465	$9.78M	5.6%	$45.43	+23.6%	COM	26884L109
DMAA	DRUGS MADE IN AMER ACQUTN CO	750,000	$7.511M	4.3%	$10.33	0.0%	ORD SHS	G2847J104
ANSC	AGRICULTURE & NAT SOL ACQ CO	500,000	$5.595M	3.2%	$11.09	0.0%	SHS CL A	G0131Y100
BACQ	INFLECTION POINT ACQUISITION	535,000	$5.425M	3.1%	$10.87	0.0%	SHS CL A	G1169T104
CAT	CATERPILLAR INC	9,410	$5.391M	3.1%	$425.39	+30.6%	COM	149123101
TVA	TEXAS VENTURES ACQUISITION I	500,000	$5.325M	3.0%	$10.86	0.0%	USD CL A ORD SHS	G8772L105
VMC	VULCAN MATLS CO	17,591	$5.017M	2.8%	$293.14	0.0%	COM	929160109
GSRF	GSR IV ACQUISITION CORP	500,000	$4.995M	2.8%	$10.02	0.0%	CL A SHS	G4R12K107
GIW	GIGCAPITAL8 CORP	375,000	$3.709M	2.1%	$9.91	0.0%	ORD CL A	G3864J100
TACO	BERTO ACQUISITION CORP	270,908	$2.747M	1.6%	$10.26	0.0%	ORD SHS	G1051H101
CORZ	CORE SCIENTIFIC INC NEW	186,643	$2.718M	1.5%	$17.44	0.0%	COM	21874A106
CX	CEMEX SAB DE CV	228,102	$2.621M	1.5%	$11.49	—	SPON ADR NEW	151290889
VACI/U	VIKING ACQUISITION CORP I	250,000	$2.518M	1.4%	$10.07	—	UNIT 99/99/9999	G9582G120
SBXE/U	SILVERBOX CORP V	250,000	$2.515M	1.4%	$10.06	—	UNIT 99/99/9999	G8148S123
PAII	PYROPHYTE ACQUISITION CORP.	250,000	$2.515M	1.4%	$10.06	0.0%	CL A SHS	G7309T102
ACA	ARCOSA INC	23,192	$2.466M	1.4%	$100.90	0.0%	COM	039653100
SEI	SOLARIS ENERGY INFRAS INC	32,038	$1.473M	0.8%	$31.12	+55.2%	COM CL A	83418M103
GIWWU	GIGCAPITAL8 CORP	125,000	$1.272M	0.7%	$10.18	—	UNIT 09/30/2030	G3864J126
CAEP	CANTOR EQUITY PARTNERS III I	9,597	$97,889	0.1%	$10.37	0.0%	SHS CL A	G1828A108
CEPF	CANTOR EQUITY PARTNERS IV IN	9,503	$97,690	0.1%	$10.40	0.0%	SHS CL A	G1828E100
CCIX	CHURCHILL CAPITAL CORP IX	8,762	$93,140	0.1%	$10.65	0.0%	CL A SHS	G21301109
DSX	DIANA SHIPPING INC	52,770	$87,598	0.0%	$1.74	0.0%	COM	Y2066G104
GIWWR	GIGCAPITAL8 CORP	62,500	$19,375	0.0%	$0.31	—	RIGHT 09/30/2030	G3864J118
CCXIU	CHURCHILL CAP CORP XI	1,000	$10,210	0.0%	$10.21	—	UNIT 12/10/2030	G2131A124