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Asset Manager ← All Institutions

Merewether Investment Management, LP

Q2 2026 · Filed 2026-08-14
Market Value
$5.0B
+1.8%
Holdings
95
New Purchases
20
Added To
32
Closed
20
Reduced
23
Top 10 Concentration
36.4%
Turnover
42.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DVN 5.42% 0.00% +5.42% $271M
PSX 3.27% 0.31% +2.97% $164M
LNT 2.16% 0.00% +2.16% $108M
HAL 1.81% 0.00% +1.81% $91M
WCC 1.61% 0.00% +1.61% $81M
ETR 4.11% 2.50% +1.60% $205M
MAIR 1.52% 0.00% +1.52% $76M
RAL 2.25% 0.94% +1.31% $112M
TS 1.26% 0.00% +1.26% $63M
TLN 1.19% 0.00% +1.19% $59M
WFRD 1.14% 0.00% +1.14% $57M
BWA 1.06% 0.00% +1.06% $53M
MEOH 1.04% 0.00% +1.04% $52M
FLEX 0.89% 0.00% +0.89% $45M
FIX 1.45% 0.63% +0.83% $73M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CTRA 0.00% 5.22% -5.22% $0
SRE 0.00% 2.79% -2.79% $0
NRG 0.00% 2.65% -2.65% $0
HUBB 0.00% 2.16% -2.16% $0
BP 1.36% 3.39% -2.03% $68M
PRIM 0.42% 1.97% -1.54% $21M
XEL 1.05% 2.48% -1.42% $53M
VG 0.00% 1.33% -1.33% $0
SU 3.03% 4.18% -1.15% $151M
LYB 0.00% 1.07% -1.07% $0
FANG 0.00% 1.07% -1.07% $0
EXE 0.00% 0.96% -0.96% $0
DAR 3.28% 4.19% -0.90% $164M
LNG 1.80% 2.65% -0.85% $90M
AR 0.00% 0.82% -0.82% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $41M 0.8%
Large Cap 62 $4.1B 81.2%
Mid Cap 28 $874M 17.5%
Small Cap 4 $25M 0.5%

Portfolio Analytics

Avg Market Cap
$35.7B
Median Market Cap
$17.5B
Avg P/E
32.9
Median P/E
21.8
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
95
# ETFs / Funds
0

Top Holdings (95 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DVN 5.42% 6,561,677 $271M $41.32 — +6,561,677 — NEW
2 OVV 4.59% 4,361,717 $230M $52.65 -$25M +78,403 +1.8%
3 ETR 4.11% 1,787,604 $205M $114.86 $82M +693,062 +63.3%
4 VST 4.02% 1,265,438 $201M $158.63 $33M +149,817 +13.4%
5 DAR 3.28% 3,002,575 $164M $54.62 -$42M -321,948 -9.7%
6 PSX 3.27% 967,351 $164M $169.05 $149M +885,051 +1075.4%
7 WMB 3.25% 2,182,992 $162M $74.34 $41M +514,564 +30.8%
8 SU 3.03% 2,814,167 $151M $53.75 -$54M -289,684 -9.3%
9 DTM 2.78% 946,016 $139M $146.74 $26M +111,010 +13.3%
10 TRGP 2.70% 502,928 $135M $268.14 -$28M -145,512 -22.4%
11 CNP 2.63% 2,983,658 $131M $44.04 $4M +31,253 +1.1%
12 CVE 2.42% 4,871,447 $121M $24.81 -$6M +99,847 +2.1%
13 NVT 2.30% 677,859 $115M $169.61 $3M -272,472 -28.7%
14 PR 2.25% 6,112,296 $113M $18.41 -$19M -36,219 -0.6%
15 RAL 2.25% 1,526,211 $112M $73.63 $66M +413,961 +37.2%
16 LNT 2.16% 1,412,803 $108M $76.29 — +1,412,803 — NEW
17 HAL 1.81% 2,668,794 $91M $33.95 — +2,668,794 — NEW
18 LNG 1.80% 377,399 $90M $239.01 -$40M -82,072 -17.9%
19 FTI 1.72% 1,296,300 $86M $66.30 $28M +460,017 +55.0%
20 EQT 1.68% 1,577,324 $84M $53.17 $16M +507,474 +47.4%
21 SOLS 1.61% 910,394 $81M $88.60 $32M +267,943 +41.7%
22 WCC 1.61% 233,424 $81M $345.43 — +233,424 — NEW
23 MTZ 1.58% 190,236 $79M $416.06 $7M -32,825 -14.7%
24 MAIR 1.52% 1,943,728 $76M $39.00 — +1,943,728 — NEW
25 TOTB.DE 1.51% 971,338 $76M $77.76 -$11M +21,538 +2.3%
26 MPC 1.48% 288,592 $74M $255.67 -$2M -21,908 -7.1%
27 LGN 1.45% 852,658 $73M $85.23 $32M +126,322 +17.4%
28 FIX 1.45% 36,660 $73M $1,981.95 $42M +14,309 +64.0%
29 BP 1.36% 1,842,007 $68M $36.95 -$98M -1,699,390 -48.0%
30 ST 1.26% 1,317,795 $63M $47.74 -$366K -478,847 -26.6%
31 TS 1.26% 1,130,692 $63M $55.49 — +1,130,692 — NEW
32 TLN 1.19% 154,750 $59M $384.26 — +154,750 — NEW
33 WTTR 1.18% 2,955,888 $59M $19.98 $15M +66,888 +2.3%
34 WFRD 1.14% 699,412 $57M $81.50 — +699,412 — NEW
35 CNR 1.10% 687,465 $55M $80.02 -$21M -39,169 -5.4%
36 BWA 1.06% 801,595 $53M $66.40 — +801,595 — NEW
37 XEL 1.05% 654,993 $53M $80.30 -$69M -876,549 -57.2%
38 MEOH 1.04% 1,130,053 $52M $46.15 — +1,130,053 — NEW
39 LECO 1.01% 189,326 $50M $265.51 $27M +95,818 +102.5%
40 COP 0.96% 459,835 $48M $103.96 -$21M -62,357 -11.9%
41 IAG 0.96% 3,017,051 $48M $15.84 -$8M +63,509 +2.1%
42 Q 0.93% 283,819 $46M $163.31 -$4M -149,465 -34.5%
43 BKV 0.92% 1,673,695 $46M $27.36 -$1M +26,922 +1.6%
44 FLEX 0.89% 275,600 $45M $162.07 — +275,600 — NEW
45 XONA.DE 0.83% 302,662 $41M $136.72 $2M +69,400 +29.8%
46 DINO 0.70% 504,845 $35M $69.65 -$31M -549,590 -52.1%
47 FNV 0.70% 167,712 $35M $208.44 -$617K +23,712 +16.5%
48 BKH 0.68% 455,327 $34M $74.40 — +455,327 — NEW
49 CIFR 0.67% 1,371,500 $34M $24.50 — +1,371,500 — NEW
50 SDRL 0.67% 886,747 $34M $37.82 -$6M +19,409 +2.2%
51 ECL 0.66% 118,300 $33M $278.61 — +118,300 — NEW
52 CENX 0.64% 693,537 $32M $46.01 $2M +178,737 +34.7%
53 HUT 0.62% 269,217 $31M $115.45 $26M +154,308 +134.3%
54 SUNC 0.62% 456,100 $31M $67.67 — +456,100 — NEW
55 CGAU 0.59% 1,873,130 $30M $15.84 -$10M -391,393 -17.3%
56 NUE 0.58% 129,793 $29M $222.75 -$21M -163,321 -55.7%
57 MT 0.47% 391,406 $24M $60.19 $22M +363,233 +1289.3%
58 FCX 0.47% 374,286 $24M $62.89 -$35M -624,478 -62.5%
59 NXT 0.46% 194,705 $23M $119.14 $7M +61,498 +46.2%
60 B 0.44% 604,634 $22M $36.73 — +604,634 — NEW
61 PRIM 0.42% 211,913 $21M $99.12 -$76M -462,926 -68.6%
62 EROK 0.37% 873,238 $19M $21.25 — +873,238 — NEW
63 ARIS 0.36% 1,202,125 $18M $14.90 -$8M -194,271 -13.9%
64 ET 0.32% 835,800 $16M $19.12 $6M +319,600 +61.9%
65 ATO 0.25% 73,124 $13M $172.27 -$612K +1,615 +2.3%
66 BKR 0.23% 210,451 $12M $55.50 $1M +37,051 +21.4%
67 SLI 0.22% 4,057,435 $11M $2.75 -$2M +85,039 +2.1%
68 TGB 0.21% 1,500,000 $10M $6.88 — +1,500,000 — NEW
69 TBN 0.19% 294,477 $10M $32.51 $6M +225,598 +327.5%
70 GM 0.16% 104,725 $8M $77.08 $6M +78,097 +293.3%
71 DNN 0.12% 1,948,152 $6M $3.06 -$9M -2,260,008 -53.7%
72 LBRT 0.10% 189,399 $5M $26.19 -$25M -842,176 -81.6%
73 XE 0.08% 224,312 $4M $18.36 — +224,312 — NEW
74 WLK 0.08% 53,439 $4M $73.00 -$22M -166,461 -75.7%
75 DD 0.08% 28,357 $4M $135.64 — +28,357 — NEW
76 GTX —% — — — -$1M -78,363 -100.0% SOLD
77 FANG —% — — — -$53M -266,065 -100.0% SOLD
78 SRE —% — — — -$137M -1,412,788 -100.0% SOLD
79 PTEN —% — — — -$33M -3,003,324 -100.0% SOLD
80 6D81.DE —% — — — -$4M -85,460 -100.0% SOLD
81 WULF —% — — — -$518K -35,912 -100.0% SOLD
82 OLN —% — — — -$19M -623,377 -100.0% SOLD
83 LYB —% — — — -$53M -654,687 -100.0% SOLD
84 CE —% — — — -$5M -74,600 -100.0% SOLD
85 HUBB —% — — — -$106M -216,337 -100.0% SOLD
86 EXE —% — — — -$47M -431,690 -100.0% SOLD
87 CCJ —% — — — -$25M -233,810 -100.0% SOLD
88 CTRA —% — — — -$257M -7,301,691 -100.0% SOLD
89 FLS —% — — — -$6M -75,100 -100.0% SOLD
90 NRG —% — — — -$130M -890,906 -100.0% SOLD
91 AR —% — — — -$40M -951,200 -100.0% SOLD
92 VG —% — — — -$65M -4,154,300 -100.0% SOLD
93 PARR —% — — — -$23M -369,465 -100.0% SOLD
94 ALB —% — — — -$2M -9,640 -100.0% SOLD
95 CMI —% — — — -$40M -73,528 -100.0% SOLD

New Positions

SymbolValue% Port
DVN $271M 5.42%
LNT $108M 2.16%
HAL $91M 1.81%
WCC $81M 1.61%
MAIR $76M 1.52%
TS $63M 1.26%
TLN $59M 1.19%
WFRD $57M 1.14%
BWA $53M 1.06%
MEOH $52M 1.04%
FLEX $45M 0.89%
BKH $34M 0.68%
CIFR $34M 0.67%
ECL $33M 0.66%
SUNC $31M 0.62%

Sold Out Positions

SymbolValue% Port
SRE — —%
AR — —%
ALB — —%
CMI — —%
PARR — —%
FLS — —%
HUBB — —%
CE — —%
VG — —%
NRG — —%
CCJ — —%
OLN — —%
FANG — —%
EXE — —%
PTEN — —%
View SEC EDGAR Filings for Merewether Investment Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms