Merewether Investment Management, LP
Sector Allocation
- Energy49.3%$2.6B
- Utilities14.9%$791.2M
- Materials10.7%$567.4M
- Industrials8.4%$443.7M
- Technology6.8%$360.3M
- Consumer Staples5.0%$267.1M
- Healthcare1.7%$91.8M
- Consumer Discretionary1.7%$88.7M
- Financials1.6%$83.2M
AUM History
13fpro.ai/research/fund/merewether-investment-management-lp-1736852
Conviction and streaks
Diversifying · top 10 = 34.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
DVN
$271.1MOVV
$229.6METR
$205.3MVST
$200.7MDAR
$164.0MPSX
$163.5MWMB
$162.3MSU
$151.3MDTM
$138.8MTRGP
$134.9MCNP
$131.4MCVE
$120.9MNVT
$115.0MPR
$112.5MRAL
$112.4MLNT
$107.8MBG
$103.1MHAL
$90.6MLNG
$90.2MFTI
$85.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/merewether-investment-management-lp-1736852
Merewether Investment Management, LP 13F holdings — Q2 2026
$5.3B portfolio (+2.8% QoQ) · 81 holdings · Q2 2026 13F · top 10 are 34% of the stock portfolio
$271.1M
5.1% of stocks
NewThis quarter+12.6%Since filedNew this quarterHeld$229.6M
4.3% of stocks
+2%This quarter+15.1%Since filed6 qtrsHeld$205.3M
3.9% of stocks
+63%This quarter-0.3%Since filed7 qtrsHeld$200.7M
3.8% of stocks
+13%This quarter-4.3%Since filed10+ qtrsHeld$164.0M
3.1% of stocks
-10%This quarter-14.7%Since filed6 qtrsHeld$163.5M
3.1% of stocks
+1075%This quarter+23.6%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$162.3M
3.1% of stocks
+31%This quarter-4.6%Since filed3 qtrsHeld$151.3M
2.9% of stocks
-9%This quarter+20.8%Since filed6 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$138.8M
2.6% of stocks
+13%This quarter-7.3%Since filed6 qtrsHeld$134.9M
2.5% of stocks
-22%This quarter+10.5%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row
All holdings — Merewether Investment Management, LP (Q2 2026)
81 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | CENTERPOINT ENERGY INC | Utilities | $131.4M | 2.5% | 2.98M | +1% | 6 qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CENOVUS ENERGY INC. | Energy | $120.9M | 2.3% | 4.87M | +2% | 10+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | nVent Electric plc | Industrials | $115.0M | 2.2% | 678K | -29% | 5 qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Permian Resources Corp | Energy | $112.5M | 2.1% | 6.11M | -0.6% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Ralliant Corp | Technology | $112.4M | 2.1% | 1.53M | +37% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | ALLIANT ENERGY CORP | Utilities | $107.8M | 2.0% | 1.41M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Bunge Global SA | Consumer Staples | $103.1M | 1.9% | 966K | -14% | 4 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | HALLIBURTON CO | Energy | $90.6M | 1.7% | 2.67M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Cheniere Energy, Inc. | Energy | $90.2M | 1.7% | 377K | -18% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | TechnipFMC plc | Energy | $85.9M | 1.6% | 1.30M | +55% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | EQT Corp | Energy | $83.9M | 1.6% | 1.58M | +47% | 9 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Solstice Advanced Materials Inc. | Healthcare | $80.7M | 1.5% | 910K | +42% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | WESCO INTERNATIONAL INC | Consumer Discretionary | $80.6M | 1.5% | 233K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | MASTEC INC | Energy | $79.1M | 1.5% | 190K | -15% | 7 qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Madison Air Solutions Corp | Industrials | $75.8M | 1.4% | 1.94M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $TTE | TotalEnergies SE | Energy | $75.5M | 1.4% | 971K | +2% | |||
| 27 | $MPC | Marathon Petroleum Corp | Energy | $73.8M | 1.4% | 289K | -7% | |||
| 28 | $LGN | Legence Corp. | Industrials | $72.7M | 1.4% | 853K | +17% | |||
| 29 | $FIX | COMFORT SYSTEMS USA INC | Industrials | $72.7M | 1.4% | 37K | +64% | |||
| 30 | $INIO | INNIO N.V. | Technology | $70.8M | 1.3% | 1.79M | New | |||
| 31 | $BP | BP PLC | Energy | $68.1M | 1.3% | 1.84M | -48% | |||
| 32 | $CRH | CRH PUBLIC LTD CO | Materials | $67.1M | 1.3% | 627K | +85% | |||
| 33 | $ST | Sensata Technologies Holding plc | Technology | $62.9M | 1.2% | 1.32M | -27% | |||
| 34 | $TS | TENARIS SA | Materials | $62.7M | 1.2% | 1.13M | New | |||
| 35 | $TLN | Talen Energy Corp | Utilities | $59.5M | 1.1% | 155K | New | |||
| 36 | $WTTR | Select Water Solutions, Inc. | Energy | $59.1M | 1.1% | 2.96M | +2% | |||
| 37 | $WFRD | Weatherford International plc | Energy | $57.0M | 1.1% | 699K | New | |||
| 38 | $CNR | Core Natural Resources, Inc. | Energy | $55.0M | 1.0% | 687K | -5% | |||
| 39 | $JHX | James Hardie Industries plc | Materials | $54.0M | 1.0% | 2.06M | +5% | |||
| 40 | $BWA | BORGWARNER INC | Industrials | $53.2M | 1.0% | 802K | New | |||
| 41 | $XEL | XCEL ENERGY INC | Utilities | $52.6M | 1.0% | 655K | -57% | |||
| 42 | $MEOH | METHANEX CORP | Materials | $52.2M | 1.0% | 1.13M | New | |||
| 43 | $LECO | LINCOLN ELECTRIC HOLDINGS INC | Industrials | $50.3M | 0.9% | 189K | +102% | |||
| 44 | $COP | CONOCOPHILLIPS | Energy | $47.8M | 0.9% | 460K | -12% | |||
| 45 | $IAG | IAMGOLD CORP | Materials | $47.8M | 0.9% | 3.02M | +2% | |||
| 46 | $Q | Qnity Electronics, Inc. | Technology | $46.4M | 0.9% | 284K | -34% | |||
| 47 | $BKV | BKV Corp | Energy | $45.8M | 0.9% | 1.67M | +2% | |||
| 48 | $FLEX | FLEX LTD. | Technology | $44.7M | 0.8% | 276K | New | |||
| 49 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $41.4M | 0.8% | 303K | +30% | |||
| 50 | $DINO | HF Sinclair Corp | Energy | $35.2M | 0.7% | 505K | -52% | |||
| 51 | $FNV | FRANCO NEVADA Corp | Materials | $35.0M | 0.7% | 168K | +16% | |||
| 52 | $BKH | BLACK HILLS CORP /SD/ | Utilities | $33.9M | 0.6% | 455K | New | |||
| 53 | $CIFR | Cipher Digital Inc. | Financials | $33.6M | 0.6% | 1.37M | New | |||
| 54 | $SDRL | SEADRILL Ltd | Energy | $33.5M | 0.6% | 887K | +2% | |||
| 55 | $ECL | ECOLAB INC. | Materials | $33.0M | 0.6% | 118K | New | |||
| 56 | $CENX | CENTURY ALUMINUM CO | Materials | $31.9M | 0.6% | 694K | +35% | |||
| 57 | $HUT | Hut 8 Corp. | Financials | $31.1M | 0.6% | 269K | +134% | |||
| 58 | $SUNC | SunocoCorp LLC | Energy | $30.9M | 0.6% | 456K | New | |||
| 59 | $CGAU | Centerra Gold Inc. | Materials | $29.7M | 0.6% | 1.87M | -17% | |||
| 60 | $NUE | NUCOR CORP | Materials | $28.9M | 0.5% | 130K | -56% | |||
| 61 | $MT | ArcelorMittal | Materials | $23.6M | 0.4% | 391K | +1289% | |||
| 62 | $FCX | FREEPORT-MCMORAN INC | Materials | $23.5M | 0.4% | 374K | -63% | |||
| 63 | $NXT | Nextpower Inc. | Technology | $23.2M | 0.4% | 195K | +46% | |||
| 64 | $B | BARRICK MINING CORP | Materials | $22.2M | 0.4% | 605K | New | |||
| 65 | $PRIM | Primoris Services Corp | Energy | $21.0M | 0.4% | 212K | -69% | |||
| 66 | $EROK | EagleRock Land, LLC | Financials | $18.6M | 0.3% | 873K | New | |||
| 67 | $ARIS | Aris Mining Corp | Materials | $17.9M | 0.3% | 1.20M | -14% | |||
| 68 | $ET | Energy Transfer LP | Energy | $16.0M | 0.3% | 836K | +62% | |||
| 69 | $LAR | Lithium Argentina AG | Materials | $12.7M | 0.2% | 1.54M | New | |||
| 70 | $ATO | ATMOS ENERGY CORP | Energy | $12.6M | 0.2% | 73K | +2% | |||
| 71 | $BKR | Baker Hughes Co | Energy | $11.7M | 0.2% | 210K | +21% | |||
| 72 | $SLI | STANDARD LITHIUM LTD. | Healthcare | $11.2M | 0.2% | 4.06M | +2% | |||
| 73 | $TGB | Trekor Metals Ltd | Materials | $10.3M | 0.2% | 1.50M | New | |||
| 74 | $TBN | Tamboran Resources Corp | Energy | $9.6M | 0.2% | 294K | +328% | |||
| 75 | $GM | General Motors Co | Consumer Discretionary | $8.1M | 0.1% | 105K | +293% | |||
| 76 | $DNN | DENISON MINES CORP. | Materials | $6.0M | 0.1% | 1.95M | -54% | |||
| 77 | $LBRT | Liberty Energy Inc. | Energy | $5.0M | 0.1% | 189K | -82% | |||
| 78 | $XE | X-Energy, Inc. | Industrials | $4.1M | 0.1% | 224K | New | |||
| 79 | $WLK | WESTLAKE CORP | Materials | $3.9M | 0.1% | 53K | -76% | |||
| 80 | $DD | DuPont de Nemours, Inc. | Materials | $3.8M | 0.1% | 28K | -67% | |||
| 81 | $DPC | DPC Holdings PLC | Materials | $1.2M | 0.0% | 25K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 22 new, 34 added to, 25 trimmed, 20 sold out. Share-count changes; largest moves by dollar size first.
New positions (22)
first bought this quarter
first bought this quarter
first bought this quarter
$WCCWESCO INTERNATIONAL INC$80.6M
first bought this quarter
$MAIRMadison Air Solutions Corp$75.8M
first bought this quarter
$INIOINNIO N.V.$70.8M
first bought this quarter
+16 more in the Excel export
Added to (34)
now $163.5M · held 2 qtrs, 2 adds in a row
now $205.3M · held 7 qtrs
now $162.3M · held 3 qtrs
$CRHCRH PUBLIC LTD CO+85%
now $67.1M · held 2 qtrs, 2 adds in a row
now $85.9M · held 10+ qtrs
now $112.4M · held 2 qtrs, 2 adds in a row
+28 more in the Excel export
Trimmed (25)
$XELXCEL ENERGY INC-57%
now $52.6M · held 5 qtrs, 2 trims in a row
$BPBP PLC-48%
now $68.1M · held 3 qtrs
now $115.0M · held 5 qtrs, 3 trims in a row
$PRIMPrimoris Services Corp-69%
now $21.0M · held 3 qtrs, 2 trims in a row
$FCXFREEPORT-MCMORAN INC-63%
now $23.5M · held 3 qtrs, 2 trims in a row
now $134.9M · held 10+ qtrs, 4 trims in a row
+19 more in the Excel export
Holdings by quarter
Every 13F Merewether Investment Management, LP has filed, 22 earlier quarters. Pick one to see what it held then.
Is it too late to follow Merewether Investment Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Merewether Investment Management's top 20 holdings: 62/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
+5.6%
Value-weighted move of the 10 largest stock positions
Turnover
32%
Last quarter; 139% over the last 4
Top 10 weight
34%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
48%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Merewether Investment Management, LP disclosed 81 positions worth $5.3B in its Form 13F-HR for Q2 2026, led by $DVN (DEVON ENERGY CORP/DE) at 5.1% of the equity portfolio, followed by $OVV and $ETR. During the quarter the fund opened 22 new positions and exited 20 — including a new stake in $DVN and a full exit from $CTRA. The portfolio is most concentrated in Energy (49.3% of disclosed assets). All figures are sourced directly from Merewether Investment Management, LP’s Form 13F-HR filing with the SEC under CIK 1736852.
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