Merewether Investment Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Merewether Investment Management, LP reported 46 stock positions worth $2.2 billion. Its top holding was TC Energy (TRP) at 9.0% of the portfolio, followed by GE Vernova (GEV, 7.3%) and Targa Resources (TRGP, 5.8%). Compared with Q2 2024, it opened 11 new positions, sold out of 9, added to 17 and reduced 18. The biggest buy was a new position in Conocophillips (COP) and the biggest sale Vistra (VST, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001736852
- Portfolio Value
- $2.2B (Q3 2024)
- SEC Filing
- 0001420506-24-002554 ↗ filed Nov 14, 2024
Holdings Value
Holdings 46 stocks · $2.2B
| TRP TC Energy Corp. | 8.98% | 4,097,600 | $194.8M | Add +37.9% |
| GEV GE Vernova Inc. | 7.29% | 620,016 | $158.1M | Reduce -16.6% |
| TRGP Targa Resources Corp. | 5.84% | 855,593 | $126.6M | Add +14.4% |
| COP Conocophillips | 5.76% | 1,186,500 | $124.9M | New |
| VST Vistra Corp. | 4.81% | 879,979 | $104.3M | Reduce -54.1% |
| SHEL Shell PLC-ADR | 4.70% | 1,544,764 | $101.9M | Add +41.0% |
| TLN Talen Energy Corp. | 4.69% | 570,209 | $101.6M | New |
| FANG Diamondback Energy Inc. | 4.42% | 556,539 | $95.9M | Reduce -6.9% |
| CVE Cenovus Energy Inc. | 3.78% | 4,896,198 | $81.9M | Reduce -4.7% |
| FSLR First Solar Inc. | 3.71% | 322,936 | $80.6M | Add +993.4% |
| NGG National Grid PLC-SP ADR | 3.07% | 955,000 | $66.5M | New |
| ENLC Enlink Midstream LLC | 2.97% | 4,443,600 | $64.5M | New |
| XEL Xcel Energy Inc. | 2.96% | 984,700 | $64.3M | New |
| PR Permian Resources Corp. Class A | 2.94% | 4,689,349 | $63.8M | Reduce -20.5% |
| EQT Eqt Corp. | 2.91% | 1,720,000 | $63.0M | Reduce -8.4% |
| AR Antero Resources Corp. | 2.62% | 1,983,648 | $56.8M | Reduce -32.6% |
| HCC Warrior Met Coal Inc. | 2.34% | 793,300 | $50.7M | Add +441.9% |
| FLEX Flex Ltd. | 2.15% | 1,393,900 | $46.6M | Reduce -43.5% |
| CNQ Canadian Natural Resources | 2.01% | 1,312,215 | $43.6M | Add +86.5% |
| WLK Westlake Corp. | 1.86% | 269,167 | $40.5M | Add +20.5% |
| VNOM Viper Energy Inc. | 1.79% | 860,600 | $38.8M | Add +22.9% |
| XOM Exxon Mobil Corp. | 1.66% | 307,243 | $36.0M | Add +3.2% |
| ET Energy Transfer LP | 1.42% | 1,918,212 | $30.8M | Reduce -70.9% |
| EPD Enterprise Products Partners | 1.42% | 1,056,200 | $30.7M | New |
| KNTK Kinetik Holdings Inc. | 1.38% | 662,300 | $30.0M | Add +56.6% |
| KEX Kirby Corp. | 1.32% | 234,500 | $28.7M | Add +48.7% |
| CCJ Cameco Corp. | 1.20% | 544,700 | $26.0M | New |
| FTI Technipfmc PLC | 1.18% | 976,555 | $25.6M | Reduce -70.0% |
| ST Sensata Technologies Holdplc | 1.17% | 709,600 | $25.4M | New |
| EXP Eagle Materials Inc. | 1.04% | 78,400 | $22.6M | New |
| AES AES Corp. | 0.88% | 951,100 | $19.1M | Add +0.2% |
| ITRI Itron Inc. | 0.75% | 151,771 | $16.2M | Reduce -51.2% |
| BKV BKV Corporation | 0.67% | 800,000 | $14.6M | New |
| LPX Louisiana-Pacific Corp. | 0.67% | 135,780 | $14.6M | Add +10.2% |
| TECK Teck Resources Ltd.-CLS B | 0.66% | 274,331 | $14.3M | Reduce -2.7% |
| VLO Valero Energy Corp. | 0.63% | 100,843 | $13.6M | Reduce -48.4% |
| CVX Chevron Corp. | 0.56% | 82,300 | $12.1M | Reduce -72.0% |
| KGS Kodiak Gas Services Inc. | 0.35% | 260,000 | $7.5M | New |
| WFRD Weatherford International PL | 0.31% | 79,590 | $6.8M | Reduce -85.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.31% | 159,800 | $6.7M | Reduce -82.5% |
| LNG Cheniere Energy Inc. | 0.24% | 28,500 | $5.1M | Add +73.8% |
| XPRO Expro Group Holdings NV | 0.23% | 290,484 | $5.0M | Add +10.0% |
| NVT Nvent Electric PLC | 0.14% | 44,010 | $3.1M | Add +310.9% |
| TNK Teekay Tankers Ltd. Class A | 0.14% | 50,885 | $3.0M | Reduce -8.6% |
| PEG Public Service Enterprise GP | 0.06% | 13,400 | $1.2M | Reduce -98.5% |
| ALV Autoliv Inc. | 0.03% | 6,400 | $598K | Add +73.0% |
Portfolio Sells Q2 2024 → Q3 2024
| VST Vistra Corp. | Reduce -54.1% | 4.81% | −3.89 |
| FTI Technipfmc PLC | Reduce -70.0% | 1.18% | −3.32 |
| PEG Public Service Enterprise GP | Reduce -98.5% | 0.06% | −3.30 |
| WFRD Weatherford International PL | Reduce -85.5% | 0.31% | −3.24 |
| AR Antero Resources Corp. | Reduce -32.6% | 2.62% | −2.45 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −2.23 |
| PR Permian Resources Corp. Class A | Reduce -20.5% | 2.94% | −2.08 |
| SLB SLB Ltd. | Reduce -82.5% | 0.31% | −1.96 |
| VRN Veren Inc. | Sold out | 0.00% | −1.94 |
| FANG Diamondback Energy Inc. | Reduce -6.9% | 4.42% | −1.89 |
| CVX Chevron Corp. | Reduce -72.0% | 0.56% | −1.86 |
| FLEX Flex Ltd. | Reduce -43.5% | 2.15% | −1.69 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −1.65 |
| CVE Cenovus Energy Inc. | Reduce -4.7% | 3.78% | −1.55 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −1.43 |
| VLO Valero Energy Corp. | Reduce -48.4% | 0.63% | −0.99 |
| ITRI Itron Inc. | Reduce -51.2% | 0.75% | −0.88 |
| EQT Eqt Corp. | Reduce -8.4% | 2.91% | −0.76 |
| PHIN Phinia Inc. | Sold out | 0.00% | −0.71 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −0.52 |
| TNK Teekay Tankers Ltd. Class A | Reduce -8.6% | 0.14% | −0.07 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.06 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.05 |
| TECK Teck Resources Ltd.-CLS B | Reduce -2.7% | 0.66% | −0.05 |
| LAC Lithium Americas Corp. | Sold out | 0.00% | −0.05 |
| GEV GE Vernova Inc. | Reduce -16.6% | 7.29% | +0.56 |
| ET Energy Transfer LP | Reduce -70.9% | 1.42% | +1.08 |
Portfolio Buys Q2 2024 → Q3 2024
| COP Conocophillips | New | 5.76% | +5.76 |
| TLN Talen Energy Corp. | New | 4.69% | +4.69 |
| FSLR First Solar Inc. | Add +993.4% | 3.71% | +3.36 |
| NGG National Grid PLC-SP ADR | New | 3.07% | +3.07 |
| TRP TC Energy Corp. | Add +37.9% | 8.98% | +3.04 |
| ENLC Enlink Midstream LLC | New | 2.97% | +2.97 |
| XEL Xcel Energy Inc. | New | 2.96% | +2.96 |
| HCC Warrior Met Coal Inc. | Add +441.9% | 2.34% | +1.85 |
| EPD Enterprise Products Partners | New | 1.42% | +1.42 |
| CCJ Cameco Corp. | New | 1.20% | +1.20 |
| ST Sensata Technologies Holdplc | New | 1.17% | +1.17 |
| EXP Eagle Materials Inc. | New | 1.04% | +1.04 |
| TRGP Targa Resources Corp. | Add +14.4% | 5.84% | +0.76 |
| CNQ Canadian Natural Resources | Add +86.5% | 2.01% | +0.69 |
| BKV BKV Corporation | New | 0.67% | +0.67 |
| SHEL Shell PLC-ADR | Add +41.0% | 4.70% | +0.52 |
| KNTK Kinetik Holdings Inc. | Add +56.6% | 1.38% | +0.46 |
| VNOM Viper Energy Inc. | Add +22.9% | 1.79% | +0.40 |
| KGS Kodiak Gas Services Inc. | New | 0.35% | +0.35 |
| KEX Kirby Corp. | Add +48.7% | 1.32% | +0.33 |
| WLK Westlake Corp. | Add +20.5% | 1.86% | +0.16 |
| LPX Louisiana-Pacific Corp. | Add +10.2% | 0.67% | +0.14 |
| NVT Nvent Electric PLC | Add +310.9% | 0.14% | +0.10 |
| LNG Cheniere Energy Inc. | Add +73.8% | 0.24% | +0.09 |
| ALV Autoliv Inc. | Add +73.0% | 0.03% | +0.01 |
| AES AES Corp. | Add +0.2% | 0.88% | −0.00 |
| XPRO Expro Group Holdings NV | Add +10.0% | 0.23% | −0.09 |
| XOM Exxon Mobil Corp. | Add +3.2% | 1.66% | −0.15 |
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 |