Merewether Investment Management, LP
Net buyer this quarter
$5.31B
81
+$264M
34.3%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 DVN | $271M | 5.11% | 1.06% | Not reported | Q1 2021 |
 OVV | $230M | 4.33% | 1.58% | +1.8% | Q4 2020 |
 ETR | $205M | 3.87% | 0.39% | +63.3% | Q4 2024 |
 VST | $201M | 3.78% | 0.38% | +13.4% | Q2 2022 |
 DAR | $164M | 3.09% | 1.89% | -9.7% | Q4 2020 |
 PSX | $164M | 3.08% | 0.24% | +1075.4% | Q4 2021 |
 WMB | $162M | 3.06% | 0.18% | +30.8% | Q4 2025 |
 SU | $151M | 2.85% | 0.24% | -9.3% | Q4 2021 |
 DTM | $139M | 2.62% | 0.93% | +13.3% | Q1 2025 |
 TRGP | $135M | 2.54% | 0.23% | -22.4% | Q2 2021 |
 CNP | $131M | 2.48% | 0.46% | +1.1% | Q2 2024 |
 CVE | $121M | 2.28% | 0.26% | +2.1% | Q2 2021 |
 NVT | $115M | 2.17% | 0.42% | -28.7% | Q3 2023 |
 PR | $113M | 2.12% | 0.73% | -0.6% | Q1 2023 |
 RAL | $112M | 2.12% | 1.36% | +37.2% | Q1 2026 |
 LNT | $108M | 2.03% | 0.55% | New | Q2 2026 |
 BG | $103M | 1.94% | 0.50% | -13.7% | Q4 2020 |
 HAL | $90.6M | 1.71% | 0.32% | Not reported | Q2 2021 |
 LNG | $90.2M | 1.70% | 0.18% | -17.9% | Q1 2021 |
 FTI | $85.9M | 1.62% | 0.33% | +55.0% | Q1 2023 |
 EQT | $83.9M | 1.58% | 0.25% | +47.4% | Q4 2020 |
 SOLS | $80.7M | 1.52% | 0.57% | +41.7% | Q1 2026 |
 WCC | $80.6M | 1.52% | 0.48% | Not reported | Q2 2023 |
 MTZ | $79.1M | 1.49% | 0.24% | -14.7% | Q4 2022 |
 MAIR | $75.8M | 1.43% | 194372.80% | New | Q2 2026 |
 TTE | $75.5M | 1.42% | 0.04% | +2.3% | Q4 2024 |
 MPC | $73.8M | 1.39% | 0.10% | -7.1% | Q3 2022 |
 LGN | $72.7M | 1.37% | Not reported | +17.4% | Q3 2025 |
 FIX | $72.7M | 1.37% | 0.10% | +64.0% | Q2 2025 |
 INIO | $70.8M | 1.33% | 0.24% | New | Q2 2026 |
 BP | $68.1M | 1.28% | Not reported | -48.0% | Q3 2023 |
 CRH | $67.1M | 1.26% | 0.09% | +85.4% | Q1 2026 |
 ST | $62.9M | 1.19% | 0.91% | -26.7% | Q3 2024 |
 TS | $62.7M | 1.18% | 0.11% | Not reported | Q1 2022 |
 TLN | $59.5M | 1.12% | 0.32% | Not reported | Q3 2024 |
 WTTR | $59.1M | 1.11% | 7.33% | +2.3% | Q1 2026 |
 WFRD | $57M | 1.07% | 0.97% | Not reported | Q4 2022 |
 CNR | $55M | 1.04% | 1.38% | -5.4% | Q4 2025 |
 JHX | $54M | 1.02% | 0.36% | +5.4% | Q4 2025 |
 BWA | $53.2M | 1.00% | 0.39% | New | Q2 2026 |
 XEL | $52.6M | 0.99% | 0.10% | -57.2% | Q3 2024 |
 MEOH | $52.2M | 0.98% | 1.46% | Not reported | Q1 2023 |
 LECO | $50.3M | 0.95% | 0.35% | +102.5% | Q4 2025 |
 COP | $47.8M | 0.90% | 0.04% | -11.9% | Q1 2021 |
 IAG | $47.8M | 0.90% | 0.51% | +2.2% | Q1 2025 |
 Q | $46.4M | 0.87% | 0.14% | -34.5% | Q4 2025 |
 BKV | $45.8M | 0.86% | 1.53% | +1.6% | Q3 2024 |
 FLEX | $44.7M | 0.84% | 0.07% | Not reported | Q1 2023 |
 XOM | $41.4M | 0.78% | 0.01% | +29.8% | Q2 2021 |
 DINO | $35.2M | 0.66% | 0.28% | -52.1% | Q1 2023 |
| Q1 2026 | |||||
| CTRA | $257M | 4.97% | Not reported | +252.1% | Q1 2024 |
| OVV | $254M | 4.92% | 1.52% | +18.6% | Q4 2020 |
| DAR | $206M | 3.98% | 2.10% | +278.6% | Q4 2020 |
| SU | $205M | 3.97% | 0.26% | -5.3% | Q4 2021 |
| VST | $168M | 3.25% | 0.33% | +180.8% | Q2 2022 |
| BP | $166M | 3.22% | Not reported | +17.7% | Q3 2023 |
| TRGP | $163M | 3.15% | 0.30% | -13.5% | Q2 2021 |
| BG | $142M | 2.75% | 0.58% | -1.3% | Q4 2020 |
 SRE | $137M | 2.66% | 0.22% | -8.7% | Q1 2025 |
| PR | $131M | 2.54% | 0.82% | -1.8% | Q1 2023 |
| LNG | $130M | 2.52% | 0.22% | +31.8% | Q1 2021 |
 NRG | $130M | 2.52% | 0.42% | +16.4% | Q1 2024 |
| CNP | $127M | 2.47% | 0.45% | +1.9% | Q2 2024 |
| CVE | $127M | 2.45% | 0.25% | +129.8% | Q2 2021 |
| ETR | $123M | 2.38% | 0.24% | -39.1% | Q4 2024 |
| XEL | $122M | 2.36% | 0.25% | -29.4% | Q3 2024 |
| WMB | $121M | 2.35% | 0.14% | -28.7% | Q4 2025 |
| DTM | $112M | 2.18% | 0.82% | -19.9% | Q1 2025 |
| NVT | $112M | 2.18% | 0.59% | -28.8% | Q3 2023 |
 HUBB | $106M | 2.06% | 0.41% | +110.2% | Q2 2025 |
 PRIM | $96.5M | 1.87% | 1.24% | -13.7% | Q2 2021 |
| TTE | $86.4M | 1.67% | 0.04% | Not reported | Q4 2024 |
| CNR | $76.1M | 1.47% | 1.44% | +114.1% | Q4 2025 |
| MPC | $75.8M | 1.47% | 0.11% | Not reported | Q3 2022 |
| MTZ | $71.8M | 1.39% | 0.28% | -60.8% | Q4 2022 |
| COP | $68.9M | 1.33% | 0.04% | Not reported | Q1 2021 |
| EQT | $68.1M | 1.32% | 0.17% | +26.6% | Q4 2020 |
| DINO | $65.8M | 1.27% | 0.58% | Not reported | Q1 2023 |
 VG | $65.5M | 1.27% | Not reported | New | Q1 2026 |
| ST | $63.3M | 1.23% | 1.23% | +98.6% | Q3 2024 |
 FCX | $58.7M | 1.14% | 0.07% | -47.7% | Q4 2020 |
| FTI | $57.8M | 1.12% | 0.21% | -44.7% | Q1 2023 |
| IAG | $55.6M | 1.08% | 0.50% | -11.5% | Q1 2025 |
 LYB | $52.7M | 1.02% | 0.20% | New | Q1 2026 |
 FANG | $52.6M | 1.02% | 0.09% | -58.4% | Q2 2022 |
| Q | $50M | 0.97% | 0.21% | -50.7% | Q4 2025 |
 NUE | $49.6M | 0.96% | 0.13% | +43.8% | Q3 2023 |
| SOLS | $48.9M | 0.95% | 0.40% | New | Q1 2026 |
 EXE | $47.4M | 0.92% | 0.18% | -67.5% | Q1 2021 |
| BKV | $47M | 0.91% | 1.51% | -1.8% | Q3 2024 |
| RAL | $46.3M | 0.90% | 1.00% | New | Q1 2026 |
| WTTR | $44.2M | 0.86% | 7.16% | New | Q1 2026 |
| LGN | $41M | 0.79% | Not reported | -36.0% | Q3 2025 |
 AR | $40.4M | 0.78% | 0.31% | +30.7% | Q4 2020 |
 CGAU | $40.1M | 0.78% | 1.13% | +0.5% | Q4 2025 |
| XOM | $39.6M | 0.77% | 0.01% | -66.8% | Q2 2021 |
 CMI | $39.6M | 0.77% | 0.05% | -30.7% | Q3 2025 |
 SDRL | $39.5M | 0.76% | 1.39% | New | Q1 2026 |
 NE | $38.2M | 0.74% | 0.49% | Not reported | Q1 2023 |
| JHX | $37.1M | 0.72% | 0.34% | +123.3% | Q4 2025 |
| Q4 2025 | |||||
| ETR | $166M | 3.82% | 0.40% | -16.4% | Q4 2024 |
| XEL | $160M | 3.68% | 0.35% | +22.9% | Q3 2024 |
| EXE | $147M | 3.37% | 0.56% | -12.4% | Q1 2021 |
| SU | $145M | 3.35% | 0.27% | -11.0% | Q4 2021 |
| OVV | $142M | 3.26% | 1.43% | +106.8% | Q4 2020 |
| WMB | $141M | 3.24% | 0.19% | New | Q4 2025 |
| TRGP | $138M | 3.18% | 0.35% | -6.1% | Q2 2021 |
| SRE | $137M | 3.14% | 0.24% | -20.6% | Q1 2025 |
| NVT | $136M | 3.13% | 0.83% | -21.4% | Q3 2023 |
| DTM | $125M | 2.87% | 1.03% | +4.2% | Q1 2025 |
| MTZ | $124M | 2.85% | 0.72% | -34.4% | Q4 2022 |
| NRG | $122M | 2.80% | 0.40% | +44.3% | Q1 2024 |
| CNP | $111M | 2.55% | 0.44% | +16.2% | Q2 2024 |
| BP | $104M | 2.40% | Not reported | Not reported | Q3 2023 |
| BG | $101M | 2.32% | 0.59% | +22.9% | Q4 2020 |
| PRIM | $97M | 2.23% | 1.45% | Not reported | Q2 2021 |
| FCX | $97M | 2.23% | 0.13% | Not reported | Q4 2020 |
| FANG | $96.2M | 2.21% | 0.23% | +25.9% | Q2 2022 |
| PR | $87.9M | 2.02% | 0.83% | -29.1% | Q1 2023 |
 FSLR | $84.9M | 1.95% | 0.30% | -22.7% | Q2 2023 |
| XOM | $84.4M | 1.94% | 0.02% | +1.1% | Q2 2021 |
| Q | $71.7M | 1.65% | 0.42% | +37.2% | Q4 2025 |
| LNG | $67.8M | 1.56% | 0.16% | +718.3% | Q1 2021 |
| FTI | $67.3M | 1.55% | 0.38% | -2.1% | Q1 2023 |
| VST | $64.1M | 1.47% | 0.12% | +322.6% | Q2 2022 |
 VLO | $58.5M | 1.34% | 0.12% | -43.4% | Q4 2020 |
 B | $58M | 1.33% | 0.08% | -49.7% | Q2 2025 |
| IAG | $55M | 1.27% | 0.56% | -2.8% | Q1 2025 |
| CTRA | $54.6M | 1.26% | Not reported | Not reported | Q1 2024 |
| CMI | $54.1M | 1.25% | 0.08% | -50.9% | Q3 2025 |
 GM | $51.5M | 1.18% | 0.07% | New | Q4 2025 |
 DD | $50.1M | 1.15% | 0.30% | -2.6% | Q4 2022 |
| LGN | $48.8M | 1.12% | Not reported | -13.2% | Q3 2025 |
 AA | $46.9M | 1.08% | 0.34% | +2252.5% | Q4 2021 |
| HUBB | $45.7M | 1.05% | 0.19% | -48.0% | Q2 2025 |
| BKV | $45.5M | 1.05% | 1.73% | +91.2% | Q3 2024 |
| EQT | $45.3M | 1.04% | 0.14% | -69.1% | Q4 2020 |
| FIX | $43.3M | 0.99% | 0.13% | +1011.8% | Q2 2025 |
 AYI | $41.8M | 0.96% | 0.38% | -21.1% | Q3 2025 |
 CLF | $41.1M | 0.95% | 0.54% | Not reported | Q1 2022 |
 ATO | $39.9M | 0.92% | 0.14% | +226.6% | Q4 2024 |
 SHEL | $39.6M | 0.91% | 0.01% | -28.2% | Q1 2022 |
| CVE | $35.1M | 0.81% | 0.11% | -70.9% | Q2 2021 |
 CTRI | $33.9M | 0.78% | 1.33% | New | Q4 2025 |
| NUE | $33.3M | 0.76% | 0.09% | Not reported | Q3 2023 |
 SLB | $32.9M | 0.76% | 0.06% | +57.8% | Q1 2021 |
| CGAU | $32.4M | 0.75% | 1.13% | New | Q4 2025 |
| DAR | $31.6M | 0.73% | 0.56% | +4159.8% | Q4 2020 |
| ST | $30.1M | 0.69% | 0.62% | Not reported | Q3 2024 |
| CNR | $30M | 0.69% | 0.67% | New | Q4 2025 |
| Q3 2025 | |||||
| ETR | $200M | 4.79% | 0.48% | +75.5% | Q4 2024 |
| MTZ | $185M | 4.42% | 1.10% | +59.8% | Q4 2022 |
| SRE | $175M | 4.20% | 0.30% | +16.3% | Q1 2025 |
| NVT | $168M | 4.01% | 1.05% | +59.2% | Q3 2023 |
| EXE | $161M | 3.86% | 0.64% | +136.4% | Q1 2021 |
| SU | $154M | 3.68% | 0.30% | +17.7% | Q4 2021 |
| EQT | $149M | 3.56% | 0.44% | -18.7% | Q4 2020 |
| XEL | $142M | 3.40% | 0.30% | +86.6% | Q3 2024 |
| TRGP | $134M | 3.20% | 0.37% | -19.6% | Q2 2021 |
 NI | $127M | 3.04% | 0.62% | -2.4% | Q4 2024 |
| CVE | $121M | 2.90% | 0.39% | +17.2% | Q2 2021 |
| DTM | $113M | 2.71% | 0.98% | +192.4% | Q1 2025 |
| PR | $113M | 2.71% | 1.10% | +63.5% | Q1 2023 |
| VLO | $108M | 2.59% | 0.20% | +19.4% | Q4 2020 |
 BKR | $106M | 2.52% | 0.22% | +359.7% | Q4 2020 |
| TLN | $103M | 2.45% | 0.53% | -11.7% | Q3 2024 |
| DD | $99.7M | 2.38% | 0.31% | Not reported | Q4 2022 |
| CNP | $96.7M | 2.31% | 0.38% | +85.6% | Q2 2024 |
| FSLR | $92.8M | 2.22% | 0.39% | +111.8% | Q2 2023 |
| CMI | $91.1M | 2.18% | 0.16% | New | Q3 2025 |
| B | $86.8M | 2.08% | 0.15% | +175.0% | Q2 2025 |
| NRG | $86M | 2.06% | 0.28% | Not reported | Q1 2024 |
| HUBB | $85.2M | 2.04% | 0.37% | +18.6% | Q2 2025 |
 KMI | $78.3M | 1.87% | 0.12% | -41.3% | Q2 2025 |
| XOM | $78.2M | 1.87% | 0.02% | -0.9% | Q2 2021 |
| BG | $74.9M | 1.79% | 0.46% | Not reported | Q4 2020 |
| FANG | $72.8M | 1.74% | 0.18% | +20.1% | Q2 2022 |
| OVV | $70.5M | 1.69% | 0.69% | -18.6% | Q4 2020 |
| FTI | $60.9M | 1.46% | 0.38% | +216.9% | Q1 2023 |
| SHEL | $53.7M | 1.28% | 0.01% | -69.3% | Q1 2022 |
| AYI | $50.7M | 1.21% | 0.48% | New | Q3 2025 |
 RIOT | $47.8M | 1.14% | 0.68% | +6.4% | Q2 2025 |
| IAG | $44.4M | 1.06% | 0.60% | -31.6% | Q1 2025 |
 GTX | $40.6M | 0.97% | 1.53% | New | Q3 2025 |
| LGN | $40.3M | 0.96% | Not reported | New | Q3 2025 |
 STNG | $38.5M | 0.92% | 1.37% | Not reported | Q3 2023 |
 CVX | $37.3M | 0.89% | 0.01% | Not reported | Q4 2023 |
| DINO | $35.7M | 0.85% | 0.36% | Not reported | Q1 2023 |
 CMC | $26.8M | 0.64% | 0.42% | New | Q3 2025 |
| VNOM | $26.7M | 0.64% | Not reported | -21.7% | Q2 2022 |
 STLD | $26.5M | 0.63% | 0.13% | New | Q3 2025 |
 ECG | $24.8M | 0.59% | 0.57% | New | Q3 2025 |
 MOS | $22M | 0.53% | 0.20% | -68.0% | Q2 2025 |
 WBI | $22M | 0.53% | Not reported | New | Q3 2025 |
 NXT | $20.8M | 0.50% | 0.21% | +80.4% | Q2 2023 |
 WLK | $20.7M | 0.49% | 0.21% | Not reported | Q1 2024 |
| BKV | $20.3M | 0.49% | 0.97% | Not reported | Q3 2024 |
 GNRC | $19M | 0.46% | 0.19% | -57.2% | Q3 2021 |
 DNN | $18.8M | 0.45% | 0.76% | New | Q3 2025 |
 ARIS | $18.7M | 0.45% | 1.12% | New | Q3 2025 |