Institutional Manager · CIK 0001736852
Merewether Investment Management, LP
DALLAS, TX · File #028-20874
Latest AUM
$4.35B
Positions
77
Top-10 Concentration
36.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | WILLIAMS COS INC | 969457100 | +2,341,000 | +$140.7M | $0 |
| EXITED | NISOURCE INC | 65473P105 | -2,934,594 | -$127.1M | $0 |
| EXITED | BAKER HUGHES COMPANY | 05722G100 | -2,165,846 | -$105.5M | $0 |
| NEW | BP PLC | BPPFF | +3,008,100 | +$104.5M | $0 |
| REDUCE | EQT CORP | EQT | -1,889,800 | -$101.3M | -$2.3M |
| NEW | PRIMORIS SVCS CORP | 74164F103 | +781,700 | +$97.0M | $0 |
| NEW | FREEPORT-MCMORAN INC | FCX | +1,909,400 | +$97.0M | $0 |
| REDUCE | CENOVUS ENERGY INC | CVE | -5,061,631 | -$85.6M | -$499,675 |
| REDUCE | TALEN ENERGY CORP | TLN | -217,251 | -$81.4M | -$12.2M |
| EXITED | KINDER MORGAN INC DEL | 49456B101 | -2,765,800 | -$78.3M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202577 pos · $4.35B
- 13F HOLDINGS REPORTQ/E Sep 202570 pos · $4.18B
- 13F HOLDINGS REPORTQ/E Jun 202563 pos · $3.47B
- 13F HOLDINGS REPORTQ/E Mar 202554 pos · $2.75B
- 13F HOLDINGS REPORTQ/E Dec 202452 pos · $2.50B
- 13F HOLDINGS REPORTQ/E Sep 202446 pos · $2.17B
- 13F HOLDINGS REPORTQ/E Jun 202444 pos · $1.90B
- 13F HOLDINGS REPORTQ/E Mar 202444 pos · $1.88B
- 13F HOLDINGS REPORTQ/E Dec 202340 pos · $1.65B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ENTERGY CORP NEW | ENO | 1,796,900 | $166.1M | 4.26% |
| 2 | XCEL ENERGY INC | XELLL | 2,167,710 | $160.1M | 4.11% |
| 3 | EXPAND ENERGY CORPORATION | EXE | 1,329,075 | $146.7M | 3.76% |
| 4 | SUNCOR ENERGY INC NEW | SU | 3,277,504 | $145.5M | 3.73% |
| 5 | OVINTIV INC | OVV | 3,612,697 | $141.6M | 3.63% |
| 6 | WILLIAMS COS INC | 969457100 | 2,341,000 | $140.7M | 3.61% |
| 7 | TARGA RES CORP | TRGP | 749,577 | $138.3M | 3.55% |
| 8 | SEMPRA | SREA | 1,547,132 | $136.6M | 3.51% |
| 9 | NVENT ELECTRIC PLC | NVT | 1,335,574 | $136.2M | 3.50% |
| 10 | DT MIDSTREAM INC | DTM | 1,042,600 | $124.8M | 3.20% |
| 11 | MASTEC INC | MTZ | 569,140 | $123.7M | 3.18% |
| 12 | NRG ENERGY INC | NRG | 765,626 | $121.9M | 3.13% |
| 13 | CENTERPOINT ENERGY INC | CNP | 2,897,000 | $111.1M | 2.85% |
| 14 | BP PLC | BPPFF | 3,008,100 | $104.5M | 2.68% |
| 15 | BUNGE GLOBAL SA | BG | 1,132,700 | $100.9M | 2.59% |
| 16 | PRIMORIS SVCS CORP | 74164F103 | 781,700 | $97.0M | 2.49% |
| 17 | FREEPORT-MCMORAN INC | FCX | 1,909,400 | $97.0M | 2.49% |
| 18 | DIAMONDBACK ENERGY INC | FANG | 640,250 | $96.2M | 2.47% |
| 19 | PERMIAN RESOURCES CORP | PR | 6,263,137 | $87.9M | 2.26% |
| 20 | FIRST SOLAR INC | FSLR | 325,100 | $84.9M | 2.18% |