SEGRA CAPITAL MANAGEMENT, LLC

PALM BEACH, FL · CIK 1607512 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$820.7m
Staff5 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds5 (1 hedge) · $820.7m gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entitySEGRA CAPITAL MANAGEMENT, LLC (US)

$435.0m reported value +238.7% vs Q1 2026

7positions

100.0%in top 10

3 new 4 added 0 reduced 2 sold out vs Q1 2026

Options: 2 call positions ($29.0m notional), 1 put positions ($31.6m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	X-ENERGY INC COM CL A XE	XE	14,475,734	$265.8m61.09%	61.09%	New
2	VISTRA CORP COM VST	VST	295,956	$46.9m10.79%	10.79%	Added +131.0k	+130,956 79.4%
3	AMENTUM HOLDINGS INC COM AMTM	AMTM	2,037,890	$42.1m9.68%	9.68%	Added +425.2k	+425,164 26.4%
4	CONSTELLATION ENERGY CORP COM CEG	CEG	128,040	$31.8m7.31%	7.31%	Added +5.0k	+5,040 4.1%
5	NRG ENERGY INC COM NEW NRG	NRG	130,000	$19.0m4.36%	4.36%	New
6	FLOWSERVE CORP COM FLS	FLS	222,600	$16.5m3.79%	3.79%	New
7	TERRA INNOVATUM GLOBAL NV ORD SHS NKLR	NKLR	2,617,152	$12.9m2.96%	2.96%	Added +82.8k	+82,812 3.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GE VERNOVA INC GEV	GEV	15,000	$13.1m15.0k shares
UR-ENERGY INC URG	URG	1,599,286	$2.4m1.6m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
DUKE ENERGY CORP NEW DUK · Put	DUK	Put	250,000	$31.6m250.0k shares	New
CONSTELLATION ENERGY CORP CEG · Call	CEG	Call	100,000	$24.8m100.0k shares	Reduced
AMENTUM HOLDINGS INC AMTM · Call	AMTM	Call	200,000	$4.1m200.0k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
UR-ENERGY INC URG · 13G · filed 2026-07-17	URG	9.9%≈ $8.6m	new	13G	2026-07-17
X-ENERGY INC XE · 13G · filed 2026-07-17	XE	5.3%≈ $277.8m	new	13G	2026-07-17