Merewether Investment Management, LP
CIK 0001736852
Annualised vol
11.560899%
Beta
0.356274
HHI
211.911183
Top-10 weight
34.324864%
VaR 95%
1.045476%
VaR 99%
2.036359%
Max drawdown
34.322942%
Matched value
66.545273%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| OVV | ADDED | 4,361,717 | 4,283,314 | 1.83% | 229,644,400 |
| VST | ADDED | 1,265,438 | 1,115,621 | 13.43% | 200,736,430 |
| DAR | REDUCED | 3,002,575 | 3,324,523 | -9.68% | 164,000,647 |
| PSX | ADDED | 967,351 | 82,300 | 1075.4% | 163,530,687 |
| SU | REDUCED | 2,814,167 | 3,103,851 | -9.33% | 151,254,538 |
| DTM | ADDED | 946,016 | 835,006 | 13.29% | 138,818,388 |
| CNP | ADDED | 2,983,658 | 2,952,405 | 1.06% | 131,400,298 |
| CVE | ADDED | 4,871,447 | 4,771,600 | 2.09% | 120,860,600 |
| PR | REDUCED | 6,112,296 | 6,148,515 | -0.59% | 112,527,369 |
| RAL | ADDED | 1,526,211 | 1,112,250 | 37.22% | 112,374,916 |
| LNT | NEW | 1,412,803 | - | - | 107,782,741 |
| BG | REDUCED | 965,795 | 1,118,543 | -13.66% | 103,079,300 |
| HAL | NEW | 2,668,794 | - | - | 90,605,556 |
| LNG | REDUCED | 377,399 | 459,471 | -17.86% | 90,202,135 |
| FTI | ADDED | 1,296,300 | 836,283 | 55.01% | 85,944,690 |
| EQT | ADDED | 1,577,324 | 1,069,850 | 47.43% | 83,866,317 |
| WCC | NEW | 233,424 | - | - | 80,631,652 |
| MTZ | REDUCED | 190,236 | 223,061 | -14.72% | 79,149,590 |
| MAIR | NEW | 1,943,728 | - | - | 75,805,392 |
| TTE | ADDED | 971,338 | 949,800 | 2.27% | 75,531,243 |
| LGN | ADDED | 852,658 | 726,336 | 17.39% | 72,672,041 |
| BP | REDUCED | 1,842,007 | 3,541,397 | -47.99% | 68,062,159 |
| TLN | NEW | 154,750 | - | - | 59,464,235 |
| WTTR | ADDED | 2,955,888 | 2,889,000 | 2.32% | 59,058,642 |
| WFRD | NEW | 699,412 | - | - | 57,002,078 |
| CNR | REDUCED | 687,465 | 726,634 | -5.39% | 55,010,949 |
| BWA | NEW | 801,595 | - | - | 53,225,908 |
| XEL | REDUCED | 654,993 | 1,531,542 | -57.23% | 52,595,938 |
| MEOH | NEW | 1,130,053 | - | - | 52,151,946 |
| COP | REDUCED | 459,835 | 522,192 | -11.94% | 47,804,447 |
| IAG | ADDED | 3,017,051 | 2,953,542 | 2.15% | 47,790,088 |
| Q | REDUCED | 283,819 | 433,284 | -34.5% | 46,350,481 |
| BKV | ADDED | 1,673,695 | 1,646,773 | 1.63% | 45,792,295 |
| FLEX | NEW | 275,600 | - | - | 44,666,492 |
| DINO | REDUCED | 504,845 | 1,054,435 | -52.12% | 35,162,454 |
| CIFR | NEW | 1,371,500 | - | - | 33,601,750 |
| SDRL | ADDED | 886,747 | 867,338 | 2.24% | 33,536,772 |
| ECL | NEW | 118,300 | - | - | 32,959,563 |
| HUT | ADDED | 269,217 | 114,909 | 134.29% | 31,079,757 |
| SUNC | NEW | 456,100 | - | - | 30,864,287 |
| CGAU | REDUCED | 1,873,130 | 2,264,523 | -17.28% | 29,675,045 |
| NUE | REDUCED | 129,793 | 293,114 | -55.72% | 28,911,391 |
| FCX | REDUCED | 374,286 | 998,764 | -62.53% | 23,538,847 |
| NXT | ADDED | 194,705 | 133,207 | 46.17% | 23,197,154 |
| ARIS | REDUCED | 1,202,125 | 1,396,396 | -13.91% | 17,909,935 |
| LAR | NEW | 1,540,027 | - | - | 12,736,023 |
| ATO | ADDED | 73,124 | 71,509 | 2.26% | 12,597,071 |
| BKR | ADDED | 210,451 | 173,400 | 21.37% | 11,680,031 |
| SLI | ADDED | 4,057,435 | 3,972,396 | 2.14% | 11,157,946 |
| TGB | NEW | 1,500,000 | - | - | 10,320,000 |
| DNN | REDUCED | 1,948,152 | 4,208,160 | -53.71% | 5,961,345 |
| LBRT | REDUCED | 189,399 | 1,031,575 | -81.64% | 4,960,360 |
| XE | NEW | 224,312 | - | - | 4,118,368 |
| WLK | REDUCED | 53,439 | 219,900 | -75.7% | 3,901,047 |
| DD | REDUCED | 28,357 | 85,460 | -66.82% | 3,846,343 |
| DPC | NEW | 25,000 | - | - | 1,226,500 |
| VG | CLOSED OUT | 0 | 4,154,300 | -100.0% | 0 |
| PTEN | CLOSED OUT | 0 | 3,003,324 | -100.0% | 0 |
| SRE | CLOSED OUT | 0 | 1,412,788 | -100.0% | 0 |
| AR | CLOSED OUT | 0 | 951,200 | -100.0% | 0 |
| NRG | CLOSED OUT | 0 | 890,906 | -100.0% | 0 |
| NE | CLOSED OUT | 0 | 779,215 | -100.0% | 0 |
| OLN | CLOSED OUT | 0 | 623,377 | -100.0% | 0 |
| EXE | CLOSED OUT | 0 | 431,690 | -100.0% | 0 |
| FANG | CLOSED OUT | 0 | 266,065 | -100.0% | 0 |
| CCJ | CLOSED OUT | 0 | 233,810 | -100.0% | 0 |
| HUBB | CLOSED OUT | 0 | 216,337 | -100.0% | 0 |
| GTX | CLOSED OUT | 0 | 78,363 | -100.0% | 0 |
| FLS | CLOSED OUT | 0 | 75,100 | -100.0% | 0 |
| CMI | CLOSED OUT | 0 | 73,528 | -100.0% | 0 |
| WULF | CLOSED OUT | 0 | 35,912 | -100.0% | 0 |
| ALB | CLOSED OUT | 0 | 9,640 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | DEVON ENERGY CORP NEW | COM | 25179M103 | 271,128,494 | 5.11 | 6561677.0 | |
| OVV | ADDED | OVINTIV INC | COM | 69047Q102 | 229,644,400 | 4.33 | 4361717.0 |
| - | ENTERGY CORP NEW | COM | 29364G103 | 205,324,195 | 3.87 | 1787604.0 | |
| VST | ADDED | VISTRA CORP | COM | 92840M102 | 200,736,430 | 3.78 | 1265438.0 |
| DAR | REDUCED | DARLING INGREDIENTS INC | COM | 237266101 | 164,000,647 | 3.09 | 3002575.0 |
| PSX | ADDED | PHILLIPS 66 | COM | 718546104 | 163,530,687 | 3.08 | 967351.0 |
| - | WILLIAMS COS INC | COM | 969457100 | 162,283,625 | 3.06 | 2182992.0 | |
| SU | REDUCED | SUNCOR ENERGY INC NEW | COM | 867224107 | 151,254,538 | 2.85 | 2814167.0 |
| DTM | ADDED | DT MIDSTREAM INC | COMMON STOCK | 23345M107 | 138,818,388 | 2.62 | 946016.0 |
| - | TARGA RES CORP | COM | 87612G101 | 134,855,114 | 2.54 | 502928.0 | |
| CNP | ADDED | CENTERPOINT ENERGY INC | COM | 15189T107 | 131,400,298 | 2.48 | 2983658.0 |
| CVE | ADDED | CENOVUS ENERGY INC | COM | 15135U109 | 120,860,600 | 2.28 | 4871447.0 |
| - | NVENT ELEC PLC | SHS | G6700G107 | 114,971,665 | 2.17 | 677859.0 | |
| PR | REDUCED | PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 | 112,527,369 | 2.12 | 6112296.0 |
| RAL | ADDED | RALLIANT CORP | COM | 750940108 | 112,374,916 | 2.12 | 1526211.0 |
| LNT | NEW | ALLIANT ENERGY CORP | COM | 018802108 | 107,782,741 | 2.03 | 1412803.0 |
| BG | REDUCED | BUNGE GLOBAL SA | COM SHS | H11356104 | 103,079,300 | 1.94 | 965795.0 |
| HAL | NEW | HALLIBURTON CO | COM | 406216101 | 90,605,556 | 1.71 | 2668794.0 |
| LNG | REDUCED | CHENIERE ENERGY INC | COM NEW | 16411R208 | 90,202,135 | 1.7 | 377399.0 |
| FTI | ADDED | TECHNIPFMC PLC | COM | G87110105 | 85,944,690 | 1.62 | 1296300.0 |
| EQT | ADDED | EQT CORP | COM | 26884L109 | 83,866,317 | 1.58 | 1577324.0 |
| - | SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 | 80,660,908 | 1.52 | 910394.0 | |
| WCC | NEW | WESCO INTL INC | COM | 95082P105 | 80,631,652 | 1.52 | 233424.0 |
| MTZ | REDUCED | MASTEC INC | COM | 576323109 | 79,149,590 | 1.49 | 190236.0 |
| MAIR | NEW | MADISON AIR SOLUTIONS CORP | COM SHS CL A | 55658T105 | 75,805,392 | 1.43 | 1943728.0 |
| TTE | ADDED | TOTALENERGIES SE | ACT | F92124100 | 75,531,243 | 1.42 | 971338.0 |
| - | MARATHON PETE CORP | COM | 56585A102 | 73,784,317 | 1.39 | 288592.0 | |
| LGN | ADDED | LEGENCE CORP | CL A | 52476L109 | 72,672,041 | 1.37 | 852658.0 |
| - | COMFORT SYS USA INC | COM | 199908104 | 72,658,287 | 1.37 | 36660.0 | |
| - | INNIO NV | ORDINARY SHARES | N52A8C105 | 70,750,995 | 1.33 | 1788900.0 | |
| BP | REDUCED | BP PLC | SPONSORED ADR | 055622104 | 68,062,159 | 1.28 | 1842007.0 |
| - | CRH PLC | ORD | G25508105 | 67,081,189 | 1.26 | 626927.0 | |
| - | SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 | 62,911,533 | 1.19 | 1317795.0 | |
| - | TENARIS S A | SPONSORED ADS | 88031M109 | 62,742,099 | 1.18 | 1130692.0 | |
| TLN | NEW | TALEN ENERGY CORP | COM | 87422Q109 | 59,464,235 | 1.12 | 154750.0 |
| WTTR | ADDED | SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 | 59,058,642 | 1.11 | 2955888.0 |
| WFRD | NEW | WEATHERFORD INTL PLC | ORD SHS | G48833118 | 57,002,078 | 1.07 | 699412.0 |
| CNR | REDUCED | CORE NATURAL RESOURCES INC | COM SHS | 218937100 | 55,010,949 | 1.04 | 687465.0 |
| - | JAMES HARDIE INDS PLC | ORD SHS | G4253H101 | 54,036,279 | 1.02 | 2064029.0 | |
| BWA | NEW | BORGWARNER INC | COM | 099724106 | 53,225,908 | 1.0 | 801595.0 |
| XEL | REDUCED | XCEL ENERGY INC | COM | 98389B100 | 52,595,938 | 0.99 | 654993.0 |
| MEOH | NEW | METHANEX CORP | COM | 59151K108 | 52,151,946 | 0.98 | 1130053.0 |
| - | LINCOLN ELEC HLDGS INC | COM | 533900106 | 50,267,946 | 0.95 | 189326.0 | |
| COP | REDUCED | CONOCOPHILLIPS | COM | 20825C104 | 47,804,447 | 0.9 | 459835.0 |
| IAG | ADDED | IAMGOLD CORP | COM | 450913108 | 47,790,088 | 0.9 | 3017051.0 |
| Q | REDUCED | QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 | 46,350,481 | 0.87 | 283819.0 |
| BKV | ADDED | BKV CORP | COM | 05603J108 | 45,792,295 | 0.86 | 1673695.0 |
| FLEX | NEW | FLEX LTD | ORD | Y2573F102 | 44,666,492 | 0.84 | 275600.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 41,379,949 | 0.78 | 302662.0 | |
| DINO | REDUCED | HF SINCLAIR CORP | COM | 403949100 | 35,162,454 | 0.66 | 504845.0 |
| - | FRANCO NEV CORP | COM | 351858105 | 34,957,889 | 0.66 | 167712.0 | |
| - | BLACK HILLS CORP | COM | 092113109 | 33,876,329 | 0.64 | 455327.0 | |
| CIFR | NEW | CIPHER DIGITAL INC | COM | 17253J106 | 33,601,750 | 0.63 | 1371500.0 |
| SDRL | ADDED | SEADRILL LTD | COM | G7997W102 | 33,536,772 | 0.63 | 886747.0 |
| ECL | NEW | ECOLAB INC | COM | 278865100 | 32,959,563 | 0.62 | 118300.0 |
| - | CENTURY ALUM CO | COM | 156431108 | 31,909,637 | 0.6 | 693537.0 | |
| HUT | ADDED | HUT 8 CORP | COM | 44812J104 | 31,079,757 | 0.59 | 269217.0 |
| SUNC | NEW | SUNOCOCORP LLC | COM SHS LLC | 86765Q106 | 30,864,287 | 0.58 | 456100.0 |
| CGAU | REDUCED | CENTERRA GOLD INC | COM | 152006102 | 29,675,045 | 0.56 | 1873130.0 |
| NUE | REDUCED | NUCOR CORP | COM | 670346105 | 28,911,391 | 0.54 | 129793.0 |
| - | ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 | 23,559,238 | 0.44 | 391406.0 | |
| FCX | REDUCED | FREEPORT MCMORAN INC | CL B | 35671D857 | 23,538,847 | 0.44 | 374286.0 |
| NXT | ADDED | NEXTPOWER INC | CLASS A COM | 65290E101 | 23,197,154 | 0.44 | 194705.0 |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 22,208,207 | 0.42 | 604634.0 | |
| - | PRIMORIS SVCS CORP | COM | 74164F103 | 21,004,817 | 0.4 | 211913.0 | |
| - | EAGLEROCK LD LLC | CL A SHS REP LTD | 27005A105 | 18,556,308 | 0.35 | 873238.0 | |
| ARIS | REDUCED | ARIS MINING CORPORATION | COM | 04040Y109 | 17,909,935 | 0.34 | 1202125.0 |
| - | ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | 15,980,496 | 0.3 | 835800.0 | |
| LAR | NEW | LITHIUM ARGENTINA AG | COM SHS | H5012F103 | 12,736,023 | 0.24 | 1540027.0 |
| ATO | ADDED | ATMOS ENERGY CORP | COM | 049560105 | 12,597,071 | 0.24 | 73124.0 |
| BKR | ADDED | BAKER HUGHES COMPANY | CL A | 05722G100 | 11,680,031 | 0.22 | 210451.0 |
| SLI | ADDED | STANDARD LITHIUM CORP | COM | 853606101 | 11,157,946 | 0.21 | 4057435.0 |
| TGB | NEW | TREKOR METALS LTD | COM | 89472Y107 | 10,320,000 | 0.19 | 1500000.0 |
| - | TAMBORAN RES CORP | COM | 87507T101 | 9,573,447 | 0.18 | 294477.0 | |
| - | GENERAL MTRS CO | COM | 37045V100 | 8,072,203 | 0.15 | 104725.0 | |
| DNN | REDUCED | DENISON MINES CORP | COM | 248356107 | 5,961,345 | 0.11 | 1948152.0 |
| LBRT | REDUCED | LIBERTY ENERGY INC | COM CL A | 53115L104 | 4,960,360 | 0.09 | 189399.0 |
| XE | NEW | X-ENERGY INC | COM CL A | 98386P102 | 4,118,368 | 0.08 | 224312.0 |
| WLK | REDUCED | WESTLAKE CORPORATION | COM | 960413102 | 3,901,047 | 0.07 | 53439.0 |
| DD | REDUCED | DUPONT DE NEMOURS INC | COMMON STOCK | 26614N201 | 3,846,343 | 0.07 | 28357.0 |
| DPC | NEW | DPC HOLDINGS PLC | ORDINARY SHARES | G2R11M108 | 1,226,500 | 0.02 | 25000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 5,306,871,743 | 81 | 11.560899 | 0.356274 | 34.322942 |
| 2026-03-31 | 2026-05-15 | 5,164,986,517 | 79 | 12.658888 | 0.389483 | 35.004608 |
| 2025-12-31 | 2026-02-17 | 4,348,190,973 | 77 | 13.03448 | 0.432899 | 35.428777 |
| 2025-09-30 | 2025-11-14 | 4,180,073,839 | 70 | 13.509849 | 0.448026 | 34.745733 |
| 2025-03-31 | 2025-05-15 | 2,753,415,749 | 54 | 12.778616 | 0.378351 | 35.708763 |
| 2024-12-31 | 2025-02-14 | 2,504,401,543 | 52 | 12.417301 | 0.371886 | 33.687762 |