Merewether Investment Management, Lp Top Holdings and 13F Report (2024)

About Merewether Investment Management, Lp

Investment Activity

Merewether Investment Management, Lp has $1.90 billion in total holdings as of June 30, 2024.
Merewether Investment Management, Lp owns shares of 44 different stocks, but just 18 companies or ETFs make up 80% of its holdings.
Approximately 38.00% of the portfolio was purchased this quarter.
About 40.39% of the portfolio was sold this quarter.
This quarter, Merewether Investment Management, Lp has purchased 42 new stocks and bought additional shares in 9 stocks.
Merewether Investment Management, Lp sold shares of 16 stocks and completely divested from 12 stocks this quarter.

Largest Holdings

Vistra: $164,875,334
GE VERNOVA INC: $127,503,278
Diamondback Energy: $119,621,332
TC Energy: $112,617,651
Cenovus Energy: $100,969,789

Largest New Holdings this Quarter

TC Energy: $112,617,651 Holding
Flex: $72,807,861 Holding
EQT: $69,452,138 Holding
Chevron: $45,940,554 Holding
Schlumberger: $42,957,390 Holding

Largest Purchases this Quarter

TC Energy: 2,970,600 shares (about $112.62M)
GE VERNOVA INC: 575,458 shares (about $98.70M)
Flex: 2,468,900 shares (about $72.81M)
EQT: 1,878,100 shares (about $69.45M)
Permian Resources: 3,522,300 shares (about $56.89M)

Largest Sales this Quarter

Exxon Mobil: 613,200 shares (about $70.59M)
Valero Energy: 368,500 shares (about $57.77M)
NRG Energy: 666,617 shares (about $51.90M)
Targa Resources: 315,600 shares (about $40.64M)
nVent Electric: 525,868 shares (about $40.29M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
VST Vistra	$164,875,334	$23,584,314 ▼	-12.5%	1,917,601	8.7%	Utilities
GE VERNOVA INC	$127,503,278	$98,696,801 ▲	342.6%	743,416	6.7%	COM
FANG Diamondback Energy	$119,621,332	$13,396,715 ▼	-10.1%	597,539	6.3%	Oils/Energy
TRP TC Energy	$112,617,651	$112,617,651 ▲	New Holding	2,970,600	5.9%	Oils/Energy
CVE Cenovus Energy	$100,969,789	$31,833,472 ▼	-24.0%	5,135,798	5.3%	Oils/Energy
TRGP Targa Resources	$96,287,905	$40,642,968 ▼	-29.7%	747,693	5.1%	Oils/Energy
AR Antero Resources	$96,061,023	$4,183,166 ▲	4.6%	2,943,948	5.1%	Oils/Energy
PR Permian Resources	$95,292,251	$56,885,145 ▲	148.1%	5,900,449	5.0%	Oils/Energy
FTI TechnipFMC	$85,225,125	$1,885,415 ▼	-2.2%	3,259,087	4.5%	Oils/Energy
SHEL Shell	$79,092,246	$2,468,556 ▼	-3.0%	1,095,764	4.2%	Oils/Energy
FLEX Flex	$72,807,861	$72,807,861 ▲	New Holding	2,468,900	3.8%	Computer and Technology
EQT EQT	$69,452,138	$69,452,138 ▲	New Holding	1,878,100	3.7%	Oils/Energy
WFRD Weatherford International	$67,323,377	$18,832,810 ▲	38.8%	549,803	3.6%	Oils/Energy
PEG Public Service Enterprise Group	$63,551,510	$4,480,960 ▲	7.6%	862,300	3.4%	Utilities
CVX Chevron	$45,940,554	$45,940,554 ▲	New Holding	293,700	2.4%	Oils/Energy
SLB Schlumberger	$42,957,390	$42,957,390 ▲	New Holding	910,500	2.3%	Oils/Energy
SU Suncor Energy	$42,268,140	$42,268,140 ▲	New Holding	1,109,400	2.2%	Oils/Energy
VEREN INC	$36,681,393	$36,681,393 ▲	New Holding	4,660,914	1.9%	COM NEW
XOM Exxon Mobil	$34,264,662	$70,591,584 ▼	-67.3%	297,643	1.8%	Oils/Energy
WLK Westlake	$32,347,864	$4,793,542 ▲	17.4%	223,366	1.7%	Basic Materials
CNP CenterPoint Energy	$31,187,566	$31,187,566 ▲	New Holding	1,006,700	1.6%	Utilities
ITRI Itron	$30,793,482	$30,793,482 ▲	New Holding	311,171	1.6%	Computer and Technology
VLO Valero Energy	$30,621,969	$57,766,061 ▼	-65.4%	195,343	1.6%	Oils/Energy
MPC Marathon Petroleum	$27,062,880	$13,600,832 ▼	-33.4%	156,000	1.4%	Oils/Energy
VIPER ENERGY INC	$26,271,000		0.0%	700,000	1.4%	CL A
CNQ Canadian Natural Resources	$25,041,040	$13,149,964 ▲	110.6%	703,400	1.3%	Oils/Energy
KEX Kirby	$18,881,421		0.0%	157,700	1.0%	Transportation
KNTK Kinetik	$17,520,832	$5,271,168 ▼	-23.1%	422,800	0.9%	Oils/Energy
AES AES	$16,675,687	$1,539,132 ▼	-8.4%	949,100	0.9%	Utilities
TECK Teck Resources	$13,499,705	$15,380,690 ▼	-53.3%	281,831	0.7%	Basic Materials
PHIN PHINIA	$13,468,992	$2,959,872 ▲	28.2%	342,200	0.7%	Auto/Tires/Trucks
LPX Louisiana-Pacific	$10,141,409		0.0%	123,180	0.5%	Construction
CIVI Civitas Resources	$9,936,000	$9,936,000 ▲	New Holding	144,000	0.5%	Oils/Energy
HCC Warrior Met Coal	$9,189,528	$9,189,528 ▲	New Holding	146,400	0.5%	Oils/Energy
FSLR First Solar	$6,659,187	$6,659,187 ▲	New Holding	29,536	0.4%	Oils/Energy
ET Energy Transfer	$6,448,552	$1,174,414 ▲	22.3%	6,591,793	0.3%	Oils/Energy
XPRO Expro Group	$6,055,097	$229,475 ▼	-3.7%	264,184	0.3%	Oils/Energy
TNK Teekay Tankers	$3,831,685	$3,831,685 ▲	New Holding	55,685	0.2%	Transportation
CHENIERE ENERGY INC	$2,867,212		0.0%	16,400	0.2%	COM NEW
NXPI NXP Semiconductors	$1,157,087		0.0%	4,300	0.1%	Computer and Technology
NRG NRG Energy	$1,018,642	$51,902,780 ▼	-98.1%	13,083	0.1%	Utilities
LITHIUM AMERS CORP NEW	$858,404	$858,404 ▲	New Holding	320,300	0.0%	COM SHS
NVT nVent Electric	$820,493	$40,286,743 ▼	-98.0%	10,710	0.0%	Computer and Technology
ALV Autoliv	$395,863	$4,718,901 ▼	-92.3%	3,700	0.0%	Auto/Tires/Trucks
CTRA Coterra Energy	$0	$60,614,159 ▼	-100.0%	0	0.0%	Oils/Energy
PSX Phillips 66	$0	$59,048,553 ▼	-100.0%	0	0.0%	Oils/Energy
CHORD ENERGY CORPORATION	$0	$55,163,141 ▼	-100.0%	0	0.0%	PUT
OKE ONEOK	$0	$46,685,316 ▼	-100.0%	0	0.0%	Oils/Energy
ERF Enerplus	$0	$36,892,880 ▼	-100.0%	0	0.0%	Oils/Energy
ARRY Array Technologies	$0	$36,347,598 ▼	-100.0%	0	0.0%	Oils/Energy
CPG Crescent Point Energy	$0	$31,688,044 ▼	-100.0%	0	0.0%	Oils/Energy
ITRON INC	$0	$24,061,769 ▼	-100.0%	0	0.0%	NOTE 3/1
OVV Ovintiv	$0	$23,661,210 ▼	-100.0%	0	0.0%	Oils/Energy
NXT Nextracker	$0	$7,900,814 ▼	-100.0%	0	0.0%	Oils/Energy
APTV Aptiv	$0	$4,829,498 ▼	-100.0%	0	0.0%	Business Services
NEP NextEra Energy Partners	$0	$3,538,250 ▼	-100.0%	0	0.0%	Oils/Energy