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Asset Manager ← All Institutions

Merewether Investment Management, LP

Q2 2025 · Filed 2025-08-14
Market Value
$3.4B
+24.9%
Holdings
75
+8
New Purchases
21
Added To
20
Closed
13
Reduced
20
Top 10 Concentration
43.5%
Turnover
45.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KMI 4.03% 0.00% +4.03% $138M
SRE 3.70% 1.03% +2.67% $127M
EQT 5.71% 3.27% +2.44% $196M
NVT 2.28% 0.00% +2.28% $78M
MOS 2.11% 0.00% +2.11% $72M
HUBB 1.98% 0.00% +1.98% $68M
XEL 1.87% 0.00% +1.87% $64M
VST 7.42% 5.93% +1.48% $255M
FLS 1.35% 0.00% +1.35% $47M
TLN 2.31% 1.03% +1.28% $79M
GNRC 1.11% 0.00% +1.11% $38M
ITRI 1.15% 0.07% +1.08% $40M
FIX 1.08% 0.00% +1.08% $37M
MPC 1.03% 0.00% +1.03% $36M
DTM 1.09% 0.13% +0.96% $38M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRP 0.00% 2.79% -2.79% $0
AR 0.10% 2.83% -2.73% $3M
PPL 0.00% 2.58% -2.58% $0
NEM 0.00% 1.84% -1.84% $0
XOM 2.20% 4.01% -1.81% $76M
COP 0.00% 1.66% -1.66% $0
TXNM 0.00% 1.45% -1.45% $0
SU 3.41% 4.84% -1.43% $117M
SHEL 5.01% 6.34% -1.33% $172M
TS 0.58% 1.84% -1.26% $20M
NUE 0.00% 1.16% -1.16% $0
FTI 0.49% 1.60% -1.11% $17M
KNTK 0.00% 1.07% -1.07% $0
LBRT 0.00% 1.06% -1.06% $0
ET 0.69% 1.64% -0.94% $24M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $313M 9.1%
Large Cap 53 $2.8B 80.5%
Mid Cap 18 $348M 10.1%
Small Cap 1 $9M 0.3%

Portfolio Analytics

Avg Market Cap
$49.5B
Median Market Cap
$27.3B
Avg P/E
28.9
Median P/E
22.7
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
75
# ETFs / Funds
0

Top Holdings (75 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VST 7.42% 1,315,536 $255M $193.81 $92M -75,348 -5.4%
2 EQT 5.71% 3,363,286 $196M $58.32 $106M +1,680,029 +99.8%
3 TRGP 5.03% 992,582 $173M $174.08 $43M +343,319 +52.9%
4 SHEL 5.01% 2,446,621 $172M $70.41 -$2M +64,815 +2.7%
5 KMI 4.03% 4,710,100 $138M $29.40 +4,710,100 NEW
6 SRE 3.70% 1,676,932 $127M $75.77 $99M +1,279,431 +321.9%
7 NI 3.53% 3,006,194 $121M $40.34 $44M +1,069,363 +55.2%
8 SU 3.41% 3,127,704 $117M $37.48 -$16M -311,711 -9.1%
9 ETR 2.96% 1,224,300 $102M $83.12 $530K +40,136 +3.4%
10 MTZ 2.69% 542,740 $92M $170.43 $4M -218,276 -28.7%
11 CVE 2.41% 6,090,722 $83M $13.60 $32M +2,409,096 +65.4%
12 OVV 2.38% 2,146,196 $82M $38.05 $3M +315,331 +17.2%
13 TLN 2.31% 273,159 $79M $290.77 $51M +131,526 +92.9%
14 NVT 2.28% 1,067,874 $78M $73.25 +1,067,874 NEW
15 XOM 2.20% 700,393 $76M $107.80 -$35M -227,374 -24.5%
16 EXE 2.18% 641,875 $75M $116.94 $1M -22,807 -3.4%
17 PR 2.14% 5,404,237 $74M $13.62 -$8M -457,114 -7.8%
18 MOS 2.11% 1,984,100 $72M $36.48 +1,984,100 NEW
19 VLO 2.08% 531,431 $71M $134.42 $24M +169,963 +47.0%
20 HUBB 1.98% 166,900 $68M $408.41 +166,900 NEW
21 PNW 1.91% 734,180 $66M $89.47 -$2M +27,910 +4.0%
22 GEV 1.88% 122,356 $65M $529.15 $2M -81,586 -40.0%
23 XEL 1.87% 945,110 $64M $68.10 +945,110 NEW
24 FANG 1.69% 423,650 $58M $137.40 $26M +222,977 +111.1%
25 CNQ 1.66% 1,816,463 $57M $31.40 -$1M -77,945 -4.1%
26 ATO 1.56% 348,536 $54M $154.11 $2M +13,842 +4.1%
27 CNP 1.44% 1,343,863 $49M $36.74 $3M +52,263 +4.0%
28 FLS 1.35% 889,300 $47M $52.35 +889,300 NEW
29 KGS 1.18% 1,185,125 $41M $34.27 -$5M -40,439 -3.3%
30 FCX 1.16% 918,156 $40M $43.35 $560K -118,344 -11.4%
31 ITRI 1.15% 300,787 $40M $131.63 $38M +282,587 +1552.7%
32 GNRC 1.11% 265,899 $38M $143.21 +265,899 NEW
33 DTM 1.09% 342,200 $38M $109.91 $34M +304,600 +810.1%
34 FIX 1.08% 69,395 $37M $536.21 +69,395 NEW
35 IAG 1.07% 5,018,690 $37M $7.35 $10M +651,790 +14.9%
36 MPC 1.03% 214,000 $36M $166.11 +214,000 NEW
37 OGE 1.01% 783,825 $35M $44.38 -$7M -130,966 -14.3%
38 HES 0.97% 240,085 $33M $138.54 -$15M -63,515 -20.9%
39 FSLR 0.96% 198,600 $33M $165.54 $26M +147,244 +286.7%
40 ESI 0.82% 1,237,554 $28M $22.65 +1,237,554 NEW
41 KGC 0.78% 1,717,548 $27M $15.63 -$171K -424,928 -19.8%
42 RIOT 0.78% 2,359,300 $27M $11.30 +2,359,300 NEW
43 ET 0.69% 1,315,612 $24M $18.13 -$21M -1,110,600 -45.8%
44 BKV 0.61% 876,517 $21M $24.12 $3M +31,659 +3.8%
45 IREN 0.61% 1,443,000 $21M $14.57 +1,443,000 NEW
46 B 0.58% 962,500 $20M $20.82 +962,500 NEW
47 TS 0.58% 533,515 $20M $37.40 -$31M -760,218 -58.8%
48 BKR 0.53% 471,146 $18M $38.34 -$12M -205,784 -30.4%
49 FTI 0.49% 487,338 $17M $34.44 -$27M -900,181 -64.9%
50 HCC 0.46% 344,155 $16M $45.83 -$9M -171,457 -33.2%
51 CTRA 0.45% 608,400 $15M $25.38 +608,400 NEW
52 CCJ 0.37% 170,554 $13M $74.23 $6M +8,234 +5.1%
53 SLB 0.35% 353,200 $12M $33.80 +353,200 NEW
54 SOC 0.26% 400,000 $9M $21.98 +400,000 NEW
55 NXT 0.25% 155,715 $8M $54.37 +155,715 NEW
56 PRIM 0.24% 104,131 $8M $77.94 +104,131 NEW
57 EQX 0.17% 996,200 $6M $5.75 +996,200 NEW
58 FRO 0.15% 319,700 $5M $16.41 +319,700 NEW
59 AR 0.10% 81,900 $3M $40.28 -$74M -1,841,639 -95.7%
60 DAR 0.02% 20,614 $782K $37.94 $95K -1,386 -6.3%
61 ALV 0.02% 6,400 $716K $111.90 $150K
62 MPLX —% 329,802 $71K $0.22 +329,802 NEW
63 TXNM —% -$40M -746,700 -100.0% SOLD
64 PPL —% -$71M -1,968,812 -100.0% SOLD
65 LBRT —% -$29M -1,847,214 -100.0% SOLD
66 EVRG —% -$26M -376,700 -100.0% SOLD
67 COP —% -$46M -435,159 -100.0% SOLD
68 WFRD —% -$5M -97,554 -100.0% SOLD
69 FLEX —% -$15M -456,036 -100.0% SOLD
70 RS —% -$11M -38,599 -100.0% SOLD
71 NEM —% -$51M -1,050,477 -100.0% SOLD
72 NUE —% -$32M -265,694 -100.0% SOLD
73 TRP —% -$77M -1,624,808 -100.0% SOLD
74 DINO —% -$5M -152,214 -100.0% SOLD
75 KNTK —% -$29M -566,200 -100.0% SOLD

New Positions

SymbolValue% Port
KMI $138M 4.03%
NVT $78M 2.28%
MOS $72M 2.11%
HUBB $68M 1.98%
XEL $64M 1.87%
FLS $47M 1.35%
GNRC $38M 1.11%
FIX $37M 1.08%
MPC $36M 1.03%
ESI $28M 0.82%
RIOT $27M 0.78%
IREN $21M 0.61%
B $20M 0.58%
CTRA $15M 0.45%
SLB $12M 0.35%

Sold Out Positions

SymbolValue% Port
DINO —%
LBRT —%
TRP —%
COP —%
NEM —%
PPL —%
NUE —%
TXNM —%
KNTK —%
RS —%
FLEX —%
EVRG —%
WFRD —%
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