Merewether Investment Management, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Merewether Investment Management, LP reported 42 stock positions worth $1.9 billion. Its top holding was Vistra (VST) at 8.1% of the portfolio, followed by Cenovus Energy (CVE, 7.2%) and Diamondback Energy (FANG, 7.0%). Compared with Q4 2023, it opened 18 new positions, sold out of 21, added to 9 and reduced 15. The biggest buy was a new position in Cenovus Energy (CVE) and the biggest sale an exit from Baker Hughes (BKR).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001736852
- Portfolio Value
- $1.9B (Q1 2024)
- SEC Filing
- 0001420506-24-000998 ↗ filed May 15, 2024
Holdings Value
Holdings 42 stocks · $1.9B
| VST Vistra Corp. | 8.13% | 2,191,901 | $152.7M | Reduce -36.4% |
| CVE Cenovus Energy Inc. | 7.19% | 6,754,998 | $135.0M | New |
| FANG Diamondback Energy Inc. | 7.01% | 664,459 | $131.7M | Add +92.5% |
| TRGP Targa Resources Corp. | 6.34% | 1,063,293 | $119.1M | Reduce -26.0% |
| XOM Exxon Mobil Corp. | 5.64% | 910,843 | $105.9M | Reduce -1.9% |
| VLO Valero Energy Corp. | 5.12% | 563,843 | $96.2M | Add +110.8% |
| FTI Technipfmc PLC | 4.45% | 3,331,187 | $83.6M | Add +20.0% |
| AR Antero Resources Corp. | 4.35% | 2,815,748 | $81.7M | New |
| SHEL Shell PLC-ADR | 4.03% | 1,129,964 | $75.8M | Reduce -11.2% |
| CTRA Coterra Energy Inc. | 3.23% | 2,174,109 | $60.6M | New |
| PSX Phillips 66 | 3.14% | 361,507 | $59.0M | Reduce -52.0% |
| CHORD ENERGY CORPORATION | 2.94% | 309,488 | $55.2M | New |
| PEG Public Service Enterprise GP | 2.85% | 801,500 | $53.5M | New |
| MPC Marathon Petroleum Corp. | 2.51% | 234,400 | $47.2M | New |
| OKE Oneok Inc. | 2.48% | 582,329 | $46.7M | Reduce -13.3% |
| NRG NRG Energy Inc. | 2.45% | 679,700 | $46.0M | New |
| WFRD Weatherford International PL | 2.43% | 396,003 | $45.7M | Reduce -40.1% |
| PR Permian Resources Corp. Class A | 2.24% | 2,378,149 | $42.0M | Reduce -21.7% |
| NVT Nvent Electric PLC | 2.15% | 536,578 | $40.5M | Add +33.3% |
| ERF Enerplus Corp. | 1.96% | 1,325,658 | $36.9M | Add +7.3% |
| ARRY Array Technologies Inc. | 1.93% | 2,437,800 | $36.3M | New |
| CRESCENT PT ENERGY CORP | 1.69% | 3,869,114 | $31.7M | Add +96.6% |
| WLK Westlake Corp. | 1.55% | 190,266 | $29.1M | New |
| TECK Teck Resources Ltd.-CLS B | 1.47% | 602,931 | $27.6M | Reduce -38.8% |
| VNOM Viper Energy Inc. | 1.43% | 700,000 | $26.9M | New |
| CNQ Canadian Natural Resources | 1.36% | 334,019 | $25.5M | Add +0.2% |
| ITRON INC (ITRI 0 03/15/26) | 1.28% | 260,071 | $24.1M | New |
| OVV Ovintiv Inc. | 1.26% | 455,900 | $23.7M | Reduce -50.5% |
| GEV GE Vernova Inc. | 1.22% | 167,958 | $23.0M | New |
| KNTK Kinetik Holdings Inc. | 1.17% | 550,000 | $21.9M | New |
| AES AES Corp. | 0.99% | 1,036,700 | $18.6M | New |
| KEX Kirby Corp. | 0.80% | 157,700 | $15.0M | New |
| LPX Louisiana-Pacific Corp. | 0.55% | 123,180 | $10.3M | Reduce -27.4% |
| PHIN Phinia Inc. | 0.55% | 267,000 | $10.3M | New |
| ET Energy Transfer LP | 0.45% | 5,391,292 | $8.5M | New |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.42% | 140,409 | $7.9M | Reduce -69.5% |
| ALV Autoliv Inc. | 0.31% | 47,806 | $5.8M | Reduce -74.1% |
| XPRO Expro Group Holdings NV | 0.29% | 274,196 | $5.5M | Add +1.1% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.26% | 60,634 | $4.8M | Reduce -78.7% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 0.19% | 117,628 | $3.5M | Reduce -83.0% |
| LNG Cheniere Energy Inc. | 0.14% | 16,400 | $2.6M | Add +39.0% |
| NXPI NXP Semiconductors NV | 0.06% | 4,300 | $1.1M | New |
Portfolio Sells Q4 2023 → Q1 2024
| BKR Baker Hughes Co. | Sold out | 0.00% | −5.26 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −4.31 |
| CVX Chevron Corp. | Sold out | 0.00% | −3.90 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −3.61 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −3.17 |
| PSX Phillips 66 | Reduce -52.0% | 3.14% | −2.78 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −2.47 |
| EQT Eqt Corp. | Sold out | 0.00% | −1.65 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −1.47 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −1.47 |
| WFRD Weatherford International PL | Reduce -40.1% | 2.43% | −1.39 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −1.28 |
| TS Tenaris SA-ADR | Sold out | 0.00% | −1.28 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -78.7% | 0.26% | −1.25 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −1.24 |
| OVV Ovintiv Inc. | Reduce -50.5% | 1.26% | −1.13 |
| XIFR XPLR Infrastructure LP | Reduce -83.0% | 0.19% | −1.06 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.05 |
| TRGP Targa Resources Corp. | Reduce -26.0% | 6.34% | −1.03 |
| TECK Teck Resources Ltd.-CLS B | Reduce -38.8% | 1.47% | −0.99 |
| SHEL Shell PLC-ADR | Reduce -11.2% | 4.03% | −0.91 |
| ALV Autoliv Inc. | Reduce -74.1% | 0.31% | −0.90 |
| NXT Nextpower Inc. | Reduce -69.5% | 0.42% | −0.85 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.81 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.77 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −0.69 |
| OKE Oneok Inc. | Reduce -13.3% | 2.48% | −0.30 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.29 |
| PR Permian Resources Corp. Class A | Reduce -21.7% | 2.24% | −0.20 |
| WCC Wesco International Inc. | Sold out | 0.00% | −0.18 |
| LPX Louisiana-Pacific Corp. | Reduce -27.4% | 0.55% | −0.16 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.10 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.10 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 5.64% | +0.15 |
| VST Vistra Corp. | Reduce -36.4% | 8.13% | +0.29 |
Portfolio Buys Q4 2023 → Q1 2024
| CVE Cenovus Energy Inc. | New | 7.19% | +7.19 |
| AR Antero Resources Corp. | New | 4.35% | +4.35 |
| FANG Diamondback Energy Inc. | Add +92.5% | 7.01% | +3.85 |
| CTRA Coterra Energy Inc. | New | 3.23% | +3.23 |
| VLO Valero Energy Corp. | Add +110.8% | 5.12% | +3.07 |
| CHORD ENERGY CORPORATION | New | 2.94% | +2.94 |
| PEG Public Service Enterprise GP | New | 2.85% | +2.85 |
| MPC Marathon Petroleum Corp. | New | 2.51% | +2.51 |
| NRG NRG Energy Inc. | New | 2.45% | +2.45 |
| ARRY Array Technologies Inc. | New | 1.93% | +1.93 |
| WLK Westlake Corp. | New | 1.55% | +1.55 |
| VNOM Viper Energy Inc. | New | 1.43% | +1.43 |
| ITRON INC (ITRI 0 03/15/26) | New | 1.28% | +1.28 |
| GEV GE Vernova Inc. | New | 1.22% | +1.22 |
| KNTK Kinetik Holdings Inc. | New | 1.17% | +1.17 |
| FTI Technipfmc PLC | Add +20.0% | 4.45% | +1.15 |
| AES AES Corp. | New | 0.99% | +0.99 |
| CRESCENT PT ENERGY CORP | Add +96.6% | 1.69% | +0.88 |
| ERF Enerplus Corp. | Add +7.3% | 1.96% | +0.84 |
| KEX Kirby Corp. | New | 0.80% | +0.80 |
| NVT Nvent Electric PLC | Add +33.3% | 2.15% | +0.75 |
| PHIN Phinia Inc. | New | 0.55% | +0.55 |
| ET Energy Transfer LP | New | 0.45% | +0.45 |
| CNQ Canadian Natural Resources | Add +0.2% | 1.36% | +0.07 |
| NXPI NXP Semiconductors NV | New | 0.06% | +0.06 |
| XPRO Expro Group Holdings NV | Add +1.1% | 0.29% | +0.04 |
| LNG Cheniere Energy Inc. | Add +39.0% | 0.14% | +0.02 |
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 |