Merewether Investment Management, LP
- SEC CIK
- 0001736852
- Latest filing
- Aug 14, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 77
- +7 vs. Q3 2025
- Portfolio value
- $4.35B
- +$168.1M (+4.0%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| ETREntergy Corp | COM | 1,796,900 | $166.1M | 3.8% | −351,100−16.3% | Reduced | History |
| XELXcel Energy Inc | Stock | 2,167,710 | $160.1M | 3.7% | +403,800+22.9% | Added | History |
| EXEExpand Energy Corp | COM | 1,329,075 | $146.7M | 3.4% | −188,400−12.4% | Reduced | History |
| SUSuncor Energy Inc | Stock | 3,277,504 | $145.5M | 3.3% | −403,800−11.0% | Reduced | History |
| OVVOvintiv Inc. | COM | 3,612,697 | $141.6M | 3.3% | +1,865,600+106.8% | Added | History |
| WMBWilliams Companies, Inc. | COM | 2,341,000 | $140.7M | 3.2% | +2,341,000 | New | History |
| TRGPTarga Resources Corp. | COM | 749,577 | $138.3M | 3.2% | −48,600−6.1% | Reduced | History |
| SRESempra | Stock | 1,547,132 | $136.6M | 3.1% | −402,300−20.6% | Reduced | History |
| NVTnVent Electric plc | SHS | 1,335,574 | $136.2M | 3.1% | −364,100−21.4% | Reduced | History |
| DTMDT Midstream, Inc. | COMMON STOCK | 1,042,600 | $124.8M | 2.9% | +42,000+4.2% | Added | History |
| MTZMastec Inc | COM | 569,140 | $123.7M | 2.8% | −298,100−34.4% | Reduced | History |
| NRGNRG Energy, Inc. | Stock | 765,626 | $121.9M | 2.8% | +234,900+44.3% | Added | History |
| CNPCenterpoint Energy Inc | COM | 2,897,000 | $111.1M | 2.6% | +403,500+16.2% | Added | History |
| BPBP PLC | ADR | 3,008,100 | $104.5M | 2.4% | +3,008,100 | New | History |
| BGBunge Global SA | COM SHS | 1,132,700 | $100.9M | 2.3% | +211,000+22.9% | Added | History |
| PRIMPrimoris Services Corp | Stock | 781,700 | $97.0M | 2.2% | +781,700 | New | History |
| FCXFreeport-McMoran Inc | Stock | 1,909,400 | $97.0M | 2.2% | +1,909,400 | New | History |
| FANGDiamondback Energy, Inc. | Stock | 640,250 | $96.2M | 2.2% | +131,500+25.8% | Added | History |
| PRPermian Resources Corp | CLASS A COM | 6,263,137 | $87.9M | 2.0% | −2,573,000−29.1% | Reduced | History |
| FSLRFirst Solar, Inc. | Stock | 325,100 | $84.9M | 2.0% | −95,600−22.7% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 701,493 | $84.4M | 1.9% | +7,600+1.1% | Added | History |
| QQnity Electronics, Inc. | COMMON STOCK | 878,048 | $71.7M | 1.6% | +878,048 | New | History |
| LNGCheniere Energy, Inc. | COM NEW | 348,600 | $67.8M | 1.6% | +306,000+718.3% | Added | History |
| FTITechnipFMC plc | COM | 1,511,128 | $67.3M | 1.5% | −33,007−2.1% | Reduced | History |
| VSTVistra Corp. | Stock | 397,322 | $64.1M | 1.5% | +303,300+322.6% | Added | History |
| VLOValero Energy Corp | Stock | 359,131 | $58.5M | 1.3% | −275,600−43.4% | Reduced | History |
| BBarrick Mining Corp | Stock | 1,331,000 | $58.0M | 1.3% | −1,316,300−49.7% | Reduced | History |
| IAGIamgold Corp | COM | 3,335,790 | $55.0M | 1.3% | −96,800−2.8% | Reduced | History |
| CTRACoterra Energy Inc. | Stock | 2,073,500 | $54.6M | 1.3% | +2,073,500 | New | History |
| CMICummins Inc | Stock | 106,060 | $54.1M | 1.2% | −109,740−50.9% | Reduced | History |
| GMGeneral Motors Co | COM | 633,300 | $51.5M | 1.2% | +633,300 | New | History |
| DDDuPont de Nemours, Inc. | COM | 1,246,796 | $50.1M | 1.2% | −32,904−2.6% | Reduced | History |
| LGNLegence Corp. | CL A | 1,134,422 | $48.8M | 1.1% | −172,430−13.2% | Reduced | History |
| AAAlcoa Corp | Stock | 882,200 | $46.9M | 1.1% | +844,700+2,252.5% | Added | History |
| HUBBHubbell Inc | COM | 102,920 | $45.7M | 1.1% | −95,080−48.0% | Reduced | History |
| BKVBKV Corp | COM | 1,676,217 | $45.5M | 1.0% | +799,700+91.2% | Added | History |
| EQTEQT Corp | Stock | 845,286 | $45.3M | 1.0% | −1,889,800−69.1% | Reduced | History |
| FIXComfort Systems USA Inc | COM | 46,349 | $43.3M | 1.0% | +42,180+1,011.8% | Added | History |
| AYIAcuity Inc. (DE) | Stock | 116,000 | $41.8M | 1.0% | −31,100−21.1% | Reduced | History |
| CLFCleveland-Cliffs Inc. | COM | 3,096,600 | $41.1M | 0.9% | +3,096,600 | New | History |
| ATOAtmos Energy Corp | COM | 238,236 | $39.9M | 0.9% | +165,300+226.6% | Added | History |
| SHELShell plc | ADR | 539,421 | $39.6M | 0.9% | −211,400−28.2% | Reduced | History |
| CVECenovus Energy Inc. | COM | 2,076,591 | $35.1M | 0.8% | −5,061,631−70.9% | Reduced | History |
| CTRICenturi Holdings, Inc. | COM SHS | 1,344,000 | $33.9M | 0.8% | +1,344,000 | New | History |
| NUENucor Corp | COM | 203,900 | $33.3M | 0.8% | +203,900 | New | History |
| SLBSLB Limited | Stock | 857,300 | $32.9M | 0.8% | +314,100+57.8% | Added | History |
| CGAUCenterra Gold Inc. | COM | 2,253,100 | $32.4M | 0.7% | +2,253,100 | New | History |
| DARDarling Ingredients Inc. | COM | 878,114 | $31.6M | 0.7% | +857,500+4,159.8% | Added | History |
| STSensata Technologies Holding plc | SHS | 904,600 | $30.1M | 0.7% | +904,600 | New | History |
| CNRCore Natural Resources, Inc. | COM SHS | 339,400 | $30.0M | 0.7% | +339,400 | New | History |
| GTXGarrett Motion Inc. | Stock | 1,686,100 | $29.4M | 0.7% | −1,294,100−43.4% | Reduced | History |
| WLKWestlake Corp | COM | 388,100 | $28.7M | 0.7% | +119,700+44.6% | Added | History |
| ARISAris Mining Corp | COM | 1,694,800 | $27.5M | 0.6% | −218,600−11.4% | Reduced | History |
| PARRPar Pacific Holdings, Inc. | COM NEW | 734,400 | $25.8M | 0.6% | +734,400 | New | History |
| GNRCGenerac Holdings Inc. | Stock | 188,946 | $25.8M | 0.6% | +75,147+66.0% | Added | History |
| ARAntero Resources Corp | COM | 727,700 | $25.1M | 0.6% | +727,700 | New | History |
| WULFTerawulf Inc. | COM | 2,164,500 | $24.9M | 0.6% | +2,164,500 | New | History |
| WHDCactus, Inc. | CL A | 504,900 | $23.1M | 0.5% | +504,900 | New | History |
| LECOLincoln Electric Holdings Inc | COM | 94,800 | $22.7M | 0.5% | +94,800 | New | History |
| TGBTrekor Metals Ltd | COM | 3,672,900 | $20.8M | 0.5% | +3,672,900 | New | History |
| JHXJames Hardie Industries plc | Stock | 876,600 | $18.2M | 0.4% | +876,600 | New | History |
| HUTHut 8 Corp. | COM | 393,600 | $18.1M | 0.4% | +393,600 | New | History |
| SLIStandard Lithium Ltd. | COM | 4,037,000 | $18.0M | 0.4% | +4,037,000 | New | History |
| LBRTLiberty Energy Inc. | COM CL A | 951,092 | $17.6M | 0.4% | +951,092 | New | History |
| WBIWaterBridge Infrastructure LLC | CL A SHS REPSTG | 870,400 | $17.4M | 0.4% | 00.0% | Unchanged | History |
| STNGScorpio Tankers Inc. | SHS | 323,861 | $16.5M | 0.4% | −362,500−52.8% | Reduced | History |
| DNNDenison Mines Corp. | COM | 5,903,300 | $15.7M | 0.4% | −916,600−13.4% | Reduced | History |
| EGOEldorado Gold Corp | COM | 393,700 | $14.1M | 0.3% | +393,700 | New | History |
| KEXKirby Corp | COM | 122,300 | $13.5M | 0.3% | +122,300 | New | History |
| VNOMViper Energy, Inc. | CL A | 318,082 | $12.3M | 0.3% | −379,500−54.4% | Reduced | History |
| STLDSteel Dynamics Inc | COM | 53,400 | $9.05M | 0.2% | −136,400−71.9% | Reduced | History |
| TLNTalen Energy Corp | COM | 23,908 | $8.96M | 0.2% | −217,251−90.1% | Reduced | History |
| CCJCameco Corp | Stock | 88,854 | $8.13M | 0.2% | 00.0% | Unchanged | History |
| NXTNextpower Inc. | Stock | 88,975 | $7.75M | 0.2% | −191,900−68.3% | Reduced | History |
| TBNTamboran Resources Corp | COM | 70,000 | $1.91M | <0.1% | +70,000 | New | History |
| ALVAutoliv Inc | COM | 6,400 | $759.7K | <0.1% | 00.0% | Unchanged | History |
| VCVisteon Corp | COM NEW | 5,200 | $494.5K | <0.1% | −65,500−92.6% | Reduced | History |
Sold out since Q3 2025 (19)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| NINisource Inc. | COM | 2,934,594 | $127.1M | 3.0% | History |
| BKRBaker Hughes Co | CL A | 2,165,846 | $105.5M | 2.5% | History |
| KMIKinder Morgan, Inc. | Stock | 2,765,800 | $78.3M | 1.9% | History |
| RIOTRiot Platforms, Inc. | COM | 2,510,000 | $47.8M | 1.1% | History |
| CVXChevron Corp | Stock | 240,000 | $37.3M | 0.9% | History |
| DINOHF Sinclair Corp | COM | 682,400 | $35.7M | 0.9% | History |
| CMCCommercial Metals Co | Stock | 468,700 | $26.8M | 0.6% | History |
| ECGEverus Construction Group, Inc. | Stock | 289,700 | $24.8M | 0.6% | History |
| Global X FDS37954Y830 | GLOBAL X COPPER | 379,500 | $22.7M | 0.5% | – |
| MOSMosaic Co | COM | 634,800 | $22.0M | 0.5% | History |
| METCRamaco Resources, Inc. | COM CL A | 561,400 | $18.6M | 0.4% | History |
| BTUPeabody Energy Corp | COM | 571,300 | $15.2M | 0.4% | History |
| FROFrontline plc | COM | 626,500 | $14.3M | 0.3% | History |
| CDECoeur Mining, Inc. | COM NEW | 725,600 | $13.6M | 0.3% | History |
| BTDRBitdeer Technologies Group | CL A ORD SHS | 601,700 | $10.3M | 0.2% | History |
| HCCWarrior Met Coal, Inc. | COM | 108,569 | $6.91M | 0.2% | History |
| CNQCanadian Natural Resources Ltd | COM | 168,463 | $5.38M | 0.1% | History |
| SOCSable Offshore Corp. | COM SHS | 138,800 | $2.42M | 0.1% | History |
| ITRIItron, Inc. | COM | 5,075 | $632.1K | <0.1% | History |