Merewether Investment Management, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Merewether Investment Management, LP reported 44 stock positions worth $1.9 billion. Its top holding was Vistra (VST) at 8.7% of the portfolio, followed by GE Vernova (GEV, 6.7%) and Diamondback Energy (FANG, 6.3%). Compared with Q1 2024, it opened 13 new positions, sold out of 11, added to 10 and reduced 16. The biggest buy was a new position in TC Energy (TRP) and the biggest sale Exxon Mobil (XOM, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001736852
- Portfolio Value
- $1.9B (Q2 2024)
- SEC Filing
- 0001420506-24-001568 ↗ filed Aug 14, 2024
Holdings Value
Holdings 44 stocks · $1.9B
| VST Vistra Corp. | 8.70% | 1,917,601 | $164.9M | Reduce -12.5% |
| GEV GE Vernova Inc. | 6.73% | 743,416 | $127.5M | Add +342.6% |
| FANG Diamondback Energy Inc. | 6.31% | 597,539 | $119.6M | Reduce -10.1% |
| TRP TC Energy Corp. | 5.94% | 2,970,600 | $112.6M | New |
| CVE Cenovus Energy Inc. | 5.33% | 5,135,798 | $101.0M | Reduce -24.0% |
| TRGP Targa Resources Corp. | 5.08% | 747,693 | $96.3M | Reduce -29.7% |
| AR Antero Resources Corp. | 5.07% | 2,943,948 | $96.1M | Add +4.5% |
| PR Permian Resources Corp. Class A | 5.03% | 5,900,449 | $95.3M | Add +148.1% |
| FTI Technipfmc PLC | 4.50% | 3,259,087 | $85.2M | Reduce -2.2% |
| SHEL Shell PLC-ADR | 4.17% | 1,095,764 | $79.1M | Reduce -3.0% |
| FLEX Flex Ltd. | 3.84% | 2,468,900 | $72.8M | New |
| EQT Eqt Corp. | 3.66% | 1,878,100 | $69.5M | New |
| WFRD Weatherford International PL | 3.55% | 549,803 | $67.3M | Add +38.8% |
| PEG Public Service Enterprise GP | 3.35% | 862,300 | $63.6M | Add +7.6% |
| CVX Chevron Corp. | 2.42% | 293,700 | $45.9M | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.27% | 910,500 | $43.0M | New |
| SU Suncor Energy Inc. | 2.23% | 1,109,400 | $42.3M | New |
| VRN Veren Inc. | 1.94% | 4,660,914 | $36.7M | Add +20.5% |
| XOM Exxon Mobil Corp. | 1.81% | 297,643 | $34.3M | Reduce -67.3% |
| WLK Westlake Corp. | 1.71% | 223,366 | $32.3M | Add +17.4% |
| CNP Centerpoint Energy Inc. | 1.65% | 1,006,700 | $31.2M | New |
| ITRI Itron Inc. | 1.62% | 311,171 | $30.8M | New |
| VLO Valero Energy Corp. | 1.62% | 195,343 | $30.6M | Reduce -65.4% |
| MPC Marathon Petroleum Corp. | 1.43% | 156,000 | $27.1M | Reduce -33.5% |
| VNOM Viper Energy Inc. | 1.39% | 700,000 | $26.3M | No change |
| CNQ Canadian Natural Resources | 1.32% | 703,400 | $25.0M | Add +5.3% |
| KEX Kirby Corp. | 1.00% | 157,700 | $18.9M | No change |
| KNTK Kinetik Holdings Inc. | 0.92% | 422,800 | $17.5M | Reduce -23.1% |
| AES AES Corp. | 0.88% | 949,100 | $16.7M | Reduce -8.4% |
| TECK Teck Resources Ltd.-CLS B | 0.71% | 281,831 | $13.5M | Reduce -53.3% |
| PHIN Phinia Inc. | 0.71% | 342,200 | $13.5M | Add +28.2% |
| LPX Louisiana-Pacific Corp. | 0.54% | 123,180 | $10.1M | No change |
| CIVI Civitas Resources Inc. | 0.52% | 144,000 | $9.9M | New |
| HCC Warrior Met Coal Inc. | 0.48% | 146,400 | $9.2M | New |
| FSLR First Solar Inc. | 0.35% | 29,536 | $6.7M | New |
| ET Energy Transfer LP | 0.34% | 6,591,793 | $6.4M | Add +22.3% |
| XPRO Expro Group Holdings NV | 0.32% | 264,184 | $6.1M | Reduce -3.6% |
| TNK Teekay Tankers Ltd. Class A | 0.20% | 55,685 | $3.8M | New |
| LNG Cheniere Energy Inc. | 0.15% | 16,400 | $2.9M | No change |
| NXPI NXP Semiconductors NV | 0.06% | 4,300 | $1.2M | No change |
| NRG NRG Energy Inc. | 0.05% | 13,083 | $1.0M | Reduce -98.1% |
| LAC Lithium Americas Corp. | 0.05% | 320,300 | $858K | New |
| NVT Nvent Electric PLC | 0.04% | 10,710 | $820K | Reduce -98.0% |
| ALV Autoliv Inc. | 0.02% | 3,700 | $396K | Reduce -92.3% |
Portfolio Sells Q1 2024 → Q2 2024
| XOM Exxon Mobil Corp. | Reduce -67.3% | 1.81% | −3.83 |
| VLO Valero Energy Corp. | Reduce -65.4% | 1.62% | −3.51 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −3.23 |
| PSX Phillips 66 | Sold out | 0.00% | −3.14 |
| CHORD ENERGY CORPORATION | Sold out | 0.00% | −2.94 |
| OKE Oneok Inc. | Sold out | 0.00% | −2.48 |
| NRG NRG Energy Inc. | Reduce -98.1% | 0.05% | −2.40 |
| NVT Nvent Electric PLC | Reduce -98.0% | 0.04% | −2.11 |
| ERF Enerplus Corp. | Sold out | 0.00% | −1.96 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −1.93 |
| CVE Cenovus Energy Inc. | Reduce -24.0% | 5.33% | −1.86 |
| ITRON INC (ITRI 0 03/15/26) | Sold out | 0.00% | −1.28 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −1.26 |
| TRGP Targa Resources Corp. | Reduce -29.7% | 5.08% | −1.26 |
| MPC Marathon Petroleum Corp. | Reduce -33.5% | 1.43% | −1.09 |
| TECK Teck Resources Ltd.-CLS B | Reduce -53.3% | 0.71% | −0.76 |
| FANG Diamondback Energy Inc. | Reduce -10.1% | 6.31% | −0.70 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.42 |
| ALV Autoliv Inc. | Reduce -92.3% | 0.02% | −0.29 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.26 |
| KNTK Kinetik Holdings Inc. | Reduce -23.1% | 0.92% | −0.24 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.19 |
| AES AES Corp. | Reduce -8.4% | 0.88% | −0.11 |
| XPRO Expro Group Holdings NV | Reduce -3.6% | 0.32% | +0.03 |
| FTI Technipfmc PLC | Reduce -2.2% | 4.50% | +0.04 |
| SHEL Shell PLC-ADR | Reduce -3.0% | 4.17% | +0.14 |
| VST Vistra Corp. | Reduce -12.5% | 8.70% | +0.57 |
Portfolio Buys Q1 2024 → Q2 2024
| TRP TC Energy Corp. | New | 5.94% | +5.94 |
| GEV GE Vernova Inc. | Add +342.6% | 6.73% | +5.50 |
| FLEX Flex Ltd. | New | 3.84% | +3.84 |
| EQT Eqt Corp. | New | 3.66% | +3.66 |
| PR Permian Resources Corp. Class A | Add +148.1% | 5.03% | +2.79 |
| CVX Chevron Corp. | New | 2.42% | +2.42 |
| SLB SLB Ltd. | New | 2.27% | +2.27 |
| SU Suncor Energy Inc. | New | 2.23% | +2.23 |
| CNP Centerpoint Energy Inc. | New | 1.65% | +1.65 |
| ITRI Itron Inc. | New | 1.62% | +1.62 |
| WFRD Weatherford International PL | Add +38.8% | 3.55% | +1.12 |
| AR Antero Resources Corp. | Add +4.5% | 5.07% | +0.72 |
| CIVI Civitas Resources Inc. | New | 0.52% | +0.52 |
| PEG Public Service Enterprise GP | Add +7.6% | 3.35% | +0.50 |
| HCC Warrior Met Coal Inc. | New | 0.48% | +0.48 |
| FSLR First Solar Inc. | New | 0.35% | +0.35 |
| VRN Veren Inc. | Add +20.5% | 1.94% | +0.25 |
| TNK Teekay Tankers Ltd. Class A | New | 0.20% | +0.20 |
| PHIN Phinia Inc. | Add +28.2% | 0.71% | +0.16 |
| WLK Westlake Corp. | Add +17.4% | 1.71% | +0.16 |
| LAC Lithium Americas Corp. | New | 0.05% | +0.05 |
| CNQ Canadian Natural Resources | Add +5.3% | 1.32% | −0.04 |
| ET Energy Transfer LP | Add +22.3% | 0.34% | −0.11 |
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 |