Merewether Investment Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Merewether Investment Management, LP disclosed 77 US equity positions worth $4.3bn in its Q4 2025 13F filing. The largest position was ETR at 3.8% of the reported book, followed by XEL and EXE. Against the Q3 2025 filing, it opened 13 new positions, added to 16 and reduced 21 among the top 50 holdings.
What did Merewether Investment Management, LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ETR ENTERGY CORP NEW | Utilities | 3.8% | $166.1m | 1,796,900 | -16% | reduced |
| 2 | XEL XCEL ENERGY INC | Utilities | 3.7% | $160.1m | 2,167,710 | 23% | added |
| 3 | EXE EXPAND ENERGY CORPORATION | Energy | 3.4% | $146.7m | 1,329,075 | -12% | reduced |
| 4 | SU SUNCOR ENERGY INC NEW | Energy | 3.3% | $145.5m | 3,277,504 | -11% | reduced |
| 5 | OVV OVINTIV INC | Energy | 3.3% | $141.6m | 3,612,697 | 107% | added |
| 6 | WMB WILLIAMS COS INC | Energy | 3.2% | $140.7m | 2,341,000 | – | new |
| 7 | TRGP TARGA RES CORP | Energy | 3.2% | $138.3m | 749,577 | -6% | reduced |
| 8 | SRE SEMPRA | Utilities | 3.1% | $136.6m | 1,547,132 | -21% | reduced |
| 9 | NVT NVENT ELECTRIC PLC | Industrials | 3.1% | $136.2m | 1,335,574 | -21% | reduced |
| 10 | DTM DT MIDSTREAM INC | Energy | 2.9% | $124.8m | 1,042,600 | 4% | added |
| 11 | MTZ MASTEC INC | Industrials | 2.8% | $123.7m | 569,140 | -34% | reduced |
| 12 | NRG NRG ENERGY INC | Utilities | 2.8% | $121.9m | 765,626 | 44% | added |
| 13 | CNP CENTERPOINT ENERGY INC | Utilities | 2.6% | $111.1m | 2,897,000 | 16% | added |
| 14 | BP BP PLC | Energy | 2.4% | $104.5m | 3,008,100 | – | new |
| 15 | BG BUNGE GLOBAL SA | Consumer Defensive | 2.3% | $100.9m | 1,132,700 | 23% | added |
| 16 | PRIM PRIMORIS SVCS CORP | Industrials | 2.2% | $97.0m | 781,700 | – | new |
| 17 | FCX FREEPORT-MCMORAN INC | Basic Materials | 2.2% | $97.0m | 1,909,400 | – | new |
| 18 | FANG DIAMONDBACK ENERGY INC | Energy | 2.2% | $96.2m | 640,250 | 26% | added |
| 19 | PR PERMIAN RESOURCES CORP | Energy | 2.0% | $87.9m | 6,263,137 | -29% | reduced |
| 20 | FSLR FIRST SOLAR INC | Technology | 2.0% | $84.9m | 325,100 | -23% | reduced |
| 21 | EXMOC EXXON MOBIL CORP | 1.9% | $84.4m | 701,493 | 1% | added | |
| 22 | Q QNITY ELECTRONICS INC | Technology | 1.6% | $71.7m | 878,048 | – | new |
| 23 | LNG CHENIERE ENERGY INC | Energy | 1.6% | $67.8m | 348,600 | 718% | added |
| 24 | FTI TECHNIPFMC PLC | Energy | 1.5% | $67.3m | 1,511,128 | -2% | reduced |
| 25 | VST VISTRA CORP | Utilities | 1.5% | $64.1m | 397,322 | 323% | added |
| 26 | VLO VALERO ENERGY CORP | Energy | 1.3% | $58.5m | 359,131 | -43% | reduced |
| 27 | B BARRICK MNG CORP | Basic Materials | 1.3% | $58.0m | 1,331,000 | -50% | reduced |
| 28 | IAG IAMGOLD CORP | Basic Materials | 1.3% | $55.0m | 3,335,790 | -3% | reduced |
| 29 | CTRA COTERRA ENERGY INC | 1.3% | $54.6m | 2,073,500 | – | new | |
| 30 | CMI CUMMINS INC | Industrials | 1.2% | $54.1m | 106,060 | -51% | reduced |
| 31 | GM GENERAL MTRS CO | Consumer Cyclical | 1.2% | $51.5m | 633,300 | – | new |
| 32 | DD DUPONT DE NEMOURS INC | Basic Materials | 1.2% | $50.1m | 1,246,796 | -3% | reduced |
| 33 | LGN LEGENCE CORP | Industrials | 1.1% | $48.8m | 1,134,422 | -13% | reduced |
| 34 | AA ALCOA CORP | Basic Materials | 1.1% | $46.9m | 882,200 | 2253% | added |
| 35 | HUBB HUBBELL INC | Industrials | 1.1% | $45.7m | 102,920 | -48% | reduced |
| 36 | BKV BKV CORP | 1.0% | $45.5m | 1,676,217 | 91% | added | |
| 37 | EQT EQT CORP | Energy | 1.0% | $45.3m | 845,286 | -69% | reduced |
| 38 | FIX COMFORT SYS USA INC | Industrials | 1.0% | $43.3m | 46,349 | 1012% | added |
| 39 | AYI ACUITY INC | Industrials | 1.0% | $41.8m | 116,000 | -21% | reduced |
| 40 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 0.9% | $41.1m | 3,096,600 | – | new |
| 41 | ATO ATMOS ENERGY CORP | Utilities | 0.9% | $39.9m | 238,236 | 227% | added |
| 42 | SHEL SHELL PLC | Energy | 0.9% | $39.6m | 539,421 | -28% | reduced |
| 43 | CVE CENOVUS ENERGY INC | Energy | 0.8% | $35.1m | 2,076,591 | -71% | reduced |
| 44 | CTRI CENTURI HOLDINGS INC | Utilities | 0.8% | $33.9m | 1,344,000 | – | new |
| 45 | NUE NUCOR CORP | Basic Materials | 0.8% | $33.3m | 203,900 | – | new |
| 46 | SLB SLB LIMITED | Energy | 0.8% | $32.9m | 857,300 | 58% | added |
| 47 | CGAU CENTERRA GOLD INC | Basic Materials | 0.7% | $32.4m | 2,253,100 | – | new |
| 48 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 0.7% | $31.6m | 878,114 | 4160% | added |
| 49 | SENSATA TECHNOLOGIES HLDG PL | 0.7% | $30.1m | 904,600 | – | new | |
| 50 | CNR CORE NATURAL RESOURCES INC | Energy | 0.7% | $30.0m | 339,400 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.