Merewether Investment Management, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Merewether Investment Management, LP reported 81 stock positions worth $5.3 billion. Its top holding was Devon Energy (DVN) at 5.1% of the portfolio, followed by Ovintiv (OVV, 4.3%) and Entergy (ETR, 3.9%). Compared with Q1 2026, it opened 22 new positions, sold out of 20, added to 34 and reduced 25. The biggest buy was a new position in Devon Energy (DVN) and the biggest sale an exit from Coterra Energy (CTRA).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001736852
- Portfolio Value
- $5.3B (Q2 2026)
- SEC Filing
- 0001420506-26-001816 ↗ filed Aug 14, 2026
Holdings Value
Holdings 81 stocks · $5.3B
| DVN Devon Energy Corp. | 5.11% | 6,561,677 | $271.1M | New |
| OVV Ovintiv Inc. | 4.33% | 4,361,717 | $229.6M | Add +1.8% |
| ETR Entergy Corp. | 3.87% | 1,787,604 | $205.3M | Add +63.3% |
| VST Vistra Corp. | 3.78% | 1,265,438 | $200.7M | Add +13.4% |
| DAR Darling Ingredients Inc. | 3.09% | 3,002,575 | $164.0M | Reduce -9.7% |
| PSX Phillips 66 | 3.08% | 967,351 | $163.5M | Add +1075.4% |
| WMB Williams Cos Inc. | 3.06% | 2,182,992 | $162.3M | Add +30.8% |
| SU Suncor Energy Inc. | 2.85% | 2,814,167 | $151.3M | Reduce -9.3% |
| DTM DT Midstream Inc. | 2.62% | 946,016 | $138.8M | Add +13.3% |
| TRGP Targa Resources Corp. | 2.54% | 502,928 | $134.9M | Reduce -22.4% |
| CNP Centerpoint Energy Inc. | 2.48% | 2,983,658 | $131.4M | Add +1.1% |
| CVE Cenovus Energy Inc. | 2.28% | 4,871,447 | $120.9M | Add +2.1% |
| NVT Nvent Electric PLC | 2.17% | 677,859 | $115.0M | Reduce -28.7% |
| PR Permian Resources Corp. Class A | 2.12% | 6,112,296 | $112.5M | Reduce -0.6% |
| RAL Ralliant Corp. | 2.12% | 1,526,211 | $112.4M | Add +37.2% |
| LNT Alliant Energy Corp. | 2.03% | 1,412,803 | $107.8M | New |
| BG Bunge Global SA | 1.94% | 965,795 | $103.1M | Reduce -13.7% |
| HAL Halliburton Co. | 1.71% | 2,668,794 | $90.6M | New |
| LNG Cheniere Energy Inc. | 1.70% | 377,399 | $90.2M | Reduce -17.9% |
| FTI Technipfmc PLC | 1.62% | 1,296,300 | $85.9M | Add +55.0% |
| EQT Eqt Corp. | 1.58% | 1,577,324 | $83.9M | Add +47.4% |
| SOLS Solstice Adv Materials Inc. | 1.52% | 910,394 | $80.7M | Add +41.7% |
| WCC Wesco International Inc. | 1.52% | 233,424 | $80.6M | New |
| MTZ Mastec Inc. | 1.49% | 190,236 | $79.1M | Reduce -14.7% |
| MAIR Madison Air Solutions Corp. Class A | 1.43% | 1,943,728 | $75.8M | New |
| TTE Totalenergies SE | 1.42% | 971,338 | $75.5M | Add +2.3% |
| MPC Marathon Petroleum Corp. | 1.39% | 288,592 | $73.8M | Reduce -7.1% |
| LGN Legence Corp. Class A | 1.37% | 852,658 | $72.7M | Add +17.4% |
| FIX Comfort Systems USA Inc. | 1.37% | 36,660 | $72.7M | Add +64.0% |
| INIO Innio NV | 1.33% | 1,788,900 | $70.8M | New |
| BP BP PLC-Spons ADR | 1.28% | 1,842,007 | $68.1M | Reduce -48.0% |
| CRH CRH PLC | 1.26% | 626,927 | $67.1M | Add +85.4% |
| ST Sensata Technologies Holdplc | 1.19% | 1,317,795 | $62.9M | Reduce -26.6% |
| TS Tenaris SA-ADR | 1.18% | 1,130,692 | $62.7M | New |
| TLN Talen Energy Corp. | 1.12% | 154,750 | $59.5M | New |
| WTTR Select Water Solutions Inc. | 1.11% | 2,955,888 | $59.1M | Add +2.3% |
| WFRD Weatherford International PL | 1.07% | 699,412 | $57.0M | New |
| CNR Core Natural Resources Inc. | 1.04% | 687,465 | $55.0M | Reduce -5.4% |
| JHX James Hardie Ind PLC | 1.02% | 2,064,029 | $54.0M | Add +5.4% |
| BWA Borgwarner Inc. | 1.00% | 801,595 | $53.2M | New |
| XEL Xcel Energy Inc. | 0.99% | 654,993 | $52.6M | Reduce -57.2% |
| MEOH Methanex Corp. | 0.98% | 1,130,053 | $52.2M | New |
| LECO Lincoln Electric Holdings | 0.95% | 189,326 | $50.3M | Add +102.5% |
| COP Conocophillips | 0.90% | 459,835 | $47.8M | Reduce -11.9% |
| IAG Iamgold Corp. | 0.90% | 3,017,051 | $47.8M | Add +2.1% |
| Q Qnity Electronics Inc. | 0.87% | 283,819 | $46.4M | Reduce -34.5% |
| BKV BKV Corporation | 0.86% | 1,673,695 | $45.8M | Add +1.6% |
| FLEX Flex Ltd. | 0.84% | 275,600 | $44.7M | New |
| XOM Exxon Mobil Corp. | 0.78% | 302,662 | $41.4M | Add +29.8% |
| DINO HF Sinclair Corp. | 0.66% | 504,845 | $35.2M | Reduce -52.1% |
| FNV Franco-Nevada Corp. | 0.66% | 167,712 | $35.0M | Add +16.5% |
| BKH Black Hills Corp. | 0.64% | 455,327 | $33.9M | New |
| CIFR Cipher Digital Inc. | 0.63% | 1,371,500 | $33.6M | New |
| SDRL Seadrill Limited | 0.63% | 886,747 | $33.5M | Add +2.2% |
| ECL Ecolab Inc. | 0.62% | 118,300 | $33.0M | New |
| CENX Century Aluminum Company | 0.60% | 693,537 | $31.9M | Add +34.7% |
| HUT Hut 8 Corp. | 0.59% | 269,217 | $31.1M | Add +134.3% |
| SUNC Sunococorp LLC | 0.58% | 456,100 | $30.9M | New |
| CGAU Centerra Gold Inc. | 0.56% | 1,873,130 | $29.7M | Reduce -17.3% |
| NUE Nucor Corp. | 0.54% | 129,793 | $28.9M | Reduce -55.7% |
| MT Arcelormittal-NY Registered | 0.44% | 391,406 | $23.6M | Add +1289.3% |
| FCX Freeport-McMoran Inc. | 0.44% | 374,286 | $23.5M | Reduce -62.5% |
| NXT Nextpower Inc. | 0.44% | 194,705 | $23.2M | Add +46.2% |
| B Barrick Mining Corp. | 0.42% | 604,634 | $22.2M | New |
| PRIM Primoris Services Corp. | 0.40% | 211,913 | $21.0M | Reduce -68.6% |
| EROK Eaglerock Land LLC Class A | 0.35% | 873,238 | $18.6M | New |
| ARIS Aris Mining Corp. | 0.34% | 1,202,125 | $17.9M | Reduce -13.9% |
| ET Energy Transfer LP | 0.30% | 835,800 | $16.0M | Add +61.9% |
| LAR Lithium Argentina AG | 0.24% | 1,540,027 | $12.7M | New |
| ATO Atmos Energy Corp. | 0.24% | 73,124 | $12.6M | Add +2.3% |
| BKR Baker Hughes Co. | 0.22% | 210,451 | $11.7M | Add +21.4% |
| SLI Standard Lithium Ltd. | 0.21% | 4,057,435 | $11.2M | Add +2.1% |
| TGB Trekor Metals Ltd. | 0.19% | 1,500,000 | $10.3M | New |
| TBN Tamboran Resources Corp. | 0.18% | 294,477 | $9.6M | Add +327.5% |
| GM General Motors Co. | 0.15% | 104,725 | $8.1M | Add +293.3% |
| DNN Denison Mines Corp. | 0.11% | 1,948,152 | $6.0M | Reduce -53.7% |
| LBRT Liberty Energy Inc. | 0.09% | 189,399 | $5.0M | Reduce -81.6% |
| XE X-Energy Inc. | 0.08% | 224,312 | $4.1M | New |
| WLK Westlake Corp. | 0.07% | 53,439 | $3.9M | Reduce -75.7% |
| DD Dupont DE Nemours Inc. | 0.07% | 28,357 | $3.8M | Reduce -0.5% |
| DPC DPC Holdings PLC | 0.02% | 25,000 | $1.2M | New |
Portfolio Sells Q1 2026 → Q2 2026
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −4.97 |
| SRE Sempra | Sold out | 0.00% | −2.66 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −2.52 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −2.06 |
| BP BP PLC-Spons ADR | Reduce -48.0% | 1.28% | −1.94 |
| PRIM Primoris Services Corp. | Reduce -68.6% | 0.40% | −1.47 |
| XEL Xcel Energy Inc. | Reduce -57.2% | 0.99% | −1.36 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −1.27 |
| SU Suncor Energy Inc. | Reduce -9.3% | 2.85% | −1.12 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −1.02 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −1.02 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.92 |
| DAR Darling Ingredients Inc. | Reduce -9.7% | 3.09% | −0.89 |
| LNG Cheniere Energy Inc. | Reduce -17.9% | 1.70% | −0.82 |
| BG Bunge Global SA | Reduce -13.7% | 1.94% | −0.81 |
| AR Antero Resources Corp. | Sold out | 0.00% | −0.78 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.77 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.74 |
| FCX Freeport-McMoran Inc. | Reduce -62.5% | 0.44% | −0.69 |
| PTEN Patterson-Uti Energy Inc. | Sold out | 0.00% | −0.63 |
| DINO HF Sinclair Corp. | Reduce -52.1% | 0.66% | −0.61 |
| TRGP Targa Resources Corp. | Reduce -22.4% | 2.54% | −0.61 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.49 |
| LBRT Liberty Energy Inc. | Reduce -81.6% | 0.09% | −0.48 |
| PARR Par Pacific Holdings Inc. | Sold out | 0.00% | −0.45 |
| CNR Core Natural Resources Inc. | Reduce -5.4% | 1.04% | −0.44 |
| COP Conocophillips | Reduce -11.9% | 0.90% | −0.43 |
| WLK Westlake Corp. | Reduce -75.7% | 0.07% | −0.42 |
| PR Permian Resources Corp. Class A | Reduce -0.6% | 2.12% | −0.42 |
| NUE Nucor Corp. | Reduce -55.7% | 0.54% | −0.41 |
| OLN Olin Corp. | Sold out | 0.00% | −0.36 |
| CGAU Centerra Gold Inc. | Reduce -17.3% | 0.56% | −0.22 |
| DNN Denison Mines Corp. | Reduce -53.7% | 0.11% | −0.18 |
| ARIS Aris Mining Corp. | Reduce -13.9% | 0.34% | −0.16 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.11 |
| CE Celanese Corp. | Sold out | 0.00% | −0.10 |
| Q Qnity Electronics Inc. | Reduce -34.5% | 0.87% | −0.09 |
| MPC Marathon Petroleum Corp. | Reduce -7.1% | 1.39% | −0.08 |
| ST Sensata Technologies Holdplc | Reduce -26.6% | 1.19% | −0.04 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.03 |
| GTX Garrett Motion Inc. | Sold out | 0.00% | −0.03 |
| WULF Terawulf Inc. | Sold out | 0.00% | −0.01 |
| NVT Nvent Electric PLC | Reduce -28.7% | 2.17% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -0.5% | 0.07% | −0.00 |
| MTZ Mastec Inc. | Reduce -14.7% | 1.49% | +0.10 |
Portfolio Buys Q1 2026 → Q2 2026
| DVN Devon Energy Corp. | New | 5.11% | +5.11 |
| PSX Phillips 66 | Add +1075.4% | 3.08% | +2.79 |
| LNT Alliant Energy Corp. | New | 2.03% | +2.03 |
| HAL Halliburton Co. | New | 1.71% | +1.71 |
| WCC Wesco International Inc. | New | 1.52% | +1.52 |
| ETR Entergy Corp. | Add +63.3% | 3.87% | +1.49 |
| MAIR Madison Air Solutions Corp. Class A | New | 1.43% | +1.43 |
| INIO Innio NV | New | 1.33% | +1.33 |
| RAL Ralliant Corp. | Add +37.2% | 2.12% | +1.22 |
| TS Tenaris SA-ADR | New | 1.18% | +1.18 |
| TLN Talen Energy Corp. | New | 1.12% | +1.12 |
| WFRD Weatherford International PL | New | 1.07% | +1.07 |
| BWA Borgwarner Inc. | New | 1.00% | +1.00 |
| MEOH Methanex Corp. | New | 0.98% | +0.98 |
| FLEX Flex Ltd. | New | 0.84% | +0.84 |
| FIX Comfort Systems USA Inc. | Add +64.0% | 1.37% | +0.77 |
| WMB Williams Cos Inc. | Add +30.8% | 3.06% | +0.71 |
| BKH Black Hills Corp. | New | 0.64% | +0.64 |
| CIFR Cipher Digital Inc. | New | 0.63% | +0.63 |
| ECL Ecolab Inc. | New | 0.62% | +0.62 |
| SUNC Sunococorp LLC | New | 0.58% | +0.58 |
| CRH CRH PLC | Add +85.4% | 1.26% | +0.58 |
| LGN Legence Corp. Class A | Add +17.4% | 1.37% | +0.58 |
| SOLS Solstice Adv Materials Inc. | Add +41.7% | 1.52% | +0.57 |
| VST Vistra Corp. | Add +13.4% | 3.78% | +0.54 |
| FTI Technipfmc PLC | Add +55.0% | 1.62% | +0.50 |
| LECO Lincoln Electric Holdings | Add +102.5% | 0.95% | +0.50 |
| HUT Hut 8 Corp. | Add +134.3% | 0.59% | +0.48 |
| DTM DT Midstream Inc. | Add +13.3% | 2.62% | +0.44 |
| B Barrick Mining Corp. | New | 0.42% | +0.42 |
| MT Arcelormittal-NY Registered | Add +1289.3% | 0.44% | +0.42 |
| EROK Eaglerock Land LLC Class A | New | 0.35% | +0.35 |
| JHX James Hardie Ind PLC | Add +5.4% | 1.02% | +0.30 |
| EQT Eqt Corp. | Add +47.4% | 1.58% | +0.26 |
| WTTR Select Water Solutions Inc. | Add +2.3% | 1.11% | +0.26 |
| LAR Lithium Argentina AG | New | 0.24% | +0.24 |
| TGB Trekor Metals Ltd. | New | 0.19% | +0.19 |
| NXT Nextpower Inc. | Add +46.2% | 0.44% | +0.13 |
| GM General Motors Co. | Add +293.3% | 0.15% | +0.11 |
| TBN Tamboran Resources Corp. | Add +327.5% | 0.18% | +0.11 |
| ET Energy Transfer LP | Add +61.9% | 0.30% | +0.11 |
| XE X-Energy Inc. | New | 0.08% | +0.08 |
| DPC DPC Holdings PLC | New | 0.02% | +0.02 |
| CENX Century Aluminum Company | Add +34.7% | 0.60% | +0.02 |
| BKR Baker Hughes Co. | Add +21.4% | 0.22% | +0.02 |
| XOM Exxon Mobil Corp. | Add +29.8% | 0.78% | +0.01 |
| CNP Centerpoint Energy Inc. | Add +1.1% | 2.48% | +0.01 |
| ATO Atmos Energy Corp. | Add +2.3% | 0.24% | −0.02 |
| FNV Franco-Nevada Corp. | Add +16.5% | 0.66% | −0.03 |
| BKV BKV Corporation | Add +1.6% | 0.86% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 81 | $5.3B | DVN, OVV, ETR, VST, DAR |
| Q1 2026 | 79 | $5.2B | CTRA, OVV, DAR, SU, VST |
| Q4 2025 | 77 | $4.3B | ETR, XEL, EXE, SU, OVV |
| Q3 2025 | 70 | $4.2B | ETR, MTZ, SRE, NVT, EXE |
| Q2 2025 | 63 | $3.5B | VST, EQT, TRGP, SHEL, KMI |
| Q1 2025 | 54 | $2.8B | SHEL, VST, SU, TRGP, XOM |
| Q4 2024 | 52 | $2.5B | TRGP, TRP, SHEL, COP, VST |
| Q3 2024 | 46 | $2.2B | TRP, GEV, TRGP, COP, VST |
| Q2 2024 | 44 | $1.9B | VST, GEV, FANG, TRP, CVE |
| Q1 2024 | 42 | $1.9B | VST, CVE, FANG, TRGP, XOM |