# EDGAR Filing Document

**Accession Number:** 0002048079
**File Stem:** 0002048079-26-000005
**Filing Date:** 2026-2
**Character Count:** 6620
**Document Hash:** 933c3609c6458ddb85bbe7358da56050
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048079-26-000005.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0002048079-26-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mercuria Capital Strategies, LLC
- **CENTRAL INDEX KEY:** 0002048079

**ORGANIZATION NAME:**
- **EIN:** 450548659
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24839
- **FILM NUMBER:** 26638067

**BUSINESS ADDRESS:**
- **STREET 1:** 20 E. GREENWAY PLAZA, STE. 650
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 832.369.2800

**MAIL ADDRESS:**
- **STREET 1:** 20 E. GREENWAY PLAZA, STE. 650
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [x] **Amendment Number:** 1

**This Amendment (Check only one.):** [x] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Mercuria Capital Strategies LLC<br>**Address:** 20 E. GREENWAY PLAZA STE. 650<br>HOUSTON, TX 77046

**Form 13F File Number:** 028-24839

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ryan Scaffe<br>**Title:** Head of Equity Compliance<br>**Phone:** 2034133352

**Signature, Place, and Date of Signing:**

Ryan Scaffe  Greenwich, CT  02-17-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 28

**Form 13F Information Table Value Total:** $176052254

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGRICULTURE  NAT SOL ACQ CO | SHS CL A | G0131Y100 |  | 5595000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ALUSSA ENERGY ACQUISITION CO | UNIT 99/99/9999 | G0233J126 |  | 10100000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| ARCOSA INC | COM | 039653100 |  | 2465773 | 23192 | SH |  | SOLE |  | 23192 | 0 | 0 |
| BAIN CAP GSS INVT CORP | ORD CL A | G0R78B106 |  | 15798873 | 1545878 | SH |  | SOLE |  | 1545878 | 0 | 0 |
| BERTO ACQUISITION CORP | ORD SHS | G1051H101 |  | 2747007 | 270908 | SH |  | SOLE |  | 270908 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 97889 | 9597 | SH |  | SOLE |  | 9597 | 0 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 |  | 97690 | 9503 | SH |  | SOLE |  | 9503 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 5390706 | 9410 | SH |  | SOLE |  | 9410 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 2620891 | 228102 | SH |  | SOLE |  | 228102 | 0 | 0 |
| CHURCHILL CAPITAL CORP IX | CL A SHS | G21301109 |  | 93140 | 8762 | SH |  | SOLE |  | 8762 | 0 | 0 |
| CHURCHILL CAP CORP XI | UNIT 12/10/2030 | G2131A124 |  | 10210 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 2717522 | 186643 | SH |  | SOLE |  | 186643 | 0 | 0 |
| DIANA SHIPPING INC | COM | Y2066G104 |  | 87598 | 52770 | SH |  | SOLE |  | 52770 | 0 | 0 |
| DRUGS MADE IN AMER ACQUTN CO | ORD SHS | G2847J104 |  | 7511250 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 9780124 | 182465 | SH |  | SOLE |  | 182465 | 0 | 0 |
| GIGACLOUD TECHNOLOGY INC | PUT | G38644953 |  | 10540000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| GIGCAPITAL8 CORP | ORD CL A | G3864J100 |  | 3708750 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| GIGCAPITAL8 CORP | RIGHT 09/30/2030 | G3864J118 |  | 19375 | 62500 | SH |  | SOLE |  | 62500 | 0 | 0 |
| GIGCAPITAL8 CORP | UNIT 09/30/2030 | G3864J126 |  | 1272500 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| GSR IV ACQUISITION CORP | CL A SHS | G4R12K107 |  | 4995000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| INFLECTION POINT ACQUISITION | SHS CL A | G1169T104 |  | 5424900 | 535000 | SH |  | SOLE |  | 535000 | 0 | 0 |
| PYROPHYTE ACQUISITION CORP. | CL A SHS | G7309T102 |  | 2515000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| SILVERBOX CORP V | UNIT 99/99/9999 | G8148S123 |  | 2515000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 1472786 | 32038 | SH |  | SOLE |  | 32038 | 0 | 0 |
| TEEKAY TANKERS LTD | CL A | G8726X106 |  | 65615465 | 1228294 | SH |  | SOLE |  | 1228294 | 0 | 0 |
| TEXAS VENTURES ACQUISITION I | USD CL A ORD SHS | G8772L105 |  | 5325000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| VIKING ACQUISITION CORP I | UNIT 99/99/9999 | G9582G120 |  | 2517500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 5017305 | 17591 | SH |  | SOLE |  | 17591 | 0 | 0 |

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