Latest Merewether Investment Management, LP Stock Portfolio

Merewether Investment Management, LP Performance:

2025 Q4: 3.1%YTD: 18.34%2024: 28.98%

Performance for 2025 Q4 is 3.1%, and YTD is 18.34%, and 2024 is 28.98%.

About Merewether Investment Management, LP and 13F Hedge Fund Stock Holdings

Merewether Investment Management, LP is a hedge fund based in Dallas, TX. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Merewether Investment Management, LP reported an equity portfolio of $4.3 Billions as of 31 Dec, 2025.

The top stock holdings of Merewether Investment Management, LP are ETR, XEL, CHK. The fund has invested 3.8% of it's portfolio in ENTERGY CORP NEW and 3.7% of portfolio in XCEL ENERGY INC.

The fund managers got completely rid off NISOURCE INC (NI), BAKER HUGHES COMPANY (BKR) and KINDER MORGAN INC DEL (KMI) stocks. They significantly reduced their stock positions in VISTEON CORP (VC), TALEN ENERGY CORP and STEEL DYNAMICS INC (STLD). Merewether Investment Management, LP opened new stock positions in WILLIAMS COS INC (WMB), BP PLC (BP) and PRIMORIS SVCS CORP (PRIM). The fund showed a lot of confidence in some stocks as they added substantially to DARLING INGREDIENTS INC (DAR), ALCOA CORP (AA) and COMFORT SYS USA INC (FIX).

Merewether Investment Management, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Merewether Investment Management, LP made a return of 3.1% in the last quarter. In trailing 12 months, it's portfolio return was 18.34%.

Performance
S&P 500

New Buys

Ticker	$ Bought
williams cos inc	140,718,000
bp plc	104,471,000
primoris svcs corp	97,040,200
freeport-mcmoran inc	96,978,400
qnity electronics inc	71,692,600
coterra energy inc	54,574,500
general mtrs co	51,500,000
cleveland-cliffs inc new	41,122,800

New stocks bought by Merewether Investment Management, LP

Additions

Ticker	% Inc.
darling ingredients inc	4,159
alcoa corp	2,252
comfort sys usa inc	1,011
cheniere energy inc	718
vistra corp	322
atmos energy corp	226
ovintiv inc	106
bkv corp	91.24

Additions to existing portfolio by Merewether Investment Management, LP

Reductions

Ticker	% Reduced
visteon corp	-92.64
talen energy corp	-90.09
steel dynamics inc	-71.87
cenovus energy inc	-70.91
eqt corp	-69.09
nextpower inc	-68.32
dupont de nemours inc	-59.23
viper energy inc	-54.4

Merewether Investment Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
nisource inc	-127,068,000
kinder morgan inc del	-78,299,800
riot platforms inc	-47,765,300
baker hughes company	-105,520,000
coeur mng inc	-13,612,300
hf sinclair corp	-35,716,800
mosaic co new	-22,014,900
frontline plc	-14,277,900

Merewether Investment Management, LP got rid off the above stocks

Sector Distribution

Merewether Investment Management, LP has about 31.7% of it's holdings in Energy sector.

Sector	%
Energy	31.7
Others	20.8
Utilities	18.4
Industrials	13.9
Basic Materials	7
Consumer Defensive	3
Technology	2.6
Consumer Cyclical	1.9

Market Cap. Distribution

Merewether Investment Management, LP has about 63.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	61.8
UNALLOCATED	23.1
MID-CAP	9.8
SMALL-CAP	3.4
MEGA-CAP	1.9

Stocks belong to which Index?

About 52.3% of the stocks held by Merewether Investment Management, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	47.7
S&P 500	44.6
RUSSELL 2000	7.7

Top 5 Winners (%)		%
	aris mng corp	61.8 %
	legence corp	37.1 %
IAG	iamgold corp	27.1 %
AA	alcoa corp	24.8 %
	barrick mng corp	24.7 %

Top 5 Winners ($)		$
	barrick mng corp	21.4 M
DD	dupont de nemours inc	16.4 M
FSLR	first solar inc	15.2 M
	legence corp	14.9 M
CMI	cummins inc	14.2 M

Top 5 Losers (%)		%
	waterbridge infrastructure l	-20.7 %
GNRC	generac hldgs inc	-15.4 %
VST	vistra corp	-11.7 %
VC	visteon corp	-11.1 %
LNG	cheniere energy inc	-10.5 %

Top 5 Losers ($)		$
XEL	xcel energy inc	-13.3 M
VST	vistra corp	-8.5 M
LNG	cheniere energy inc	-7.9 M
	talen energy corp	-6.7 M
GNRC	generac hldgs inc	-4.7 M

Merewether Investment Management, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Merewether Investment Management, LP

Merewether Investment Management, LP has 77 stocks in it's portfolio. About 33% of the portfolio is in top 10 stocks. XEL proved to be the most loss making stock for the portfolio. was the most profitable stock for Merewether Investment Management, LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	1.08	882,200	46,880,100	added	2,252

AGNG	global x fds	0.00	0.00	0.00	sold off	-100

ALV	autoliv inc	0.02	6,400	759,680	unchanged	0.00

AR	antero resources corp	0.58	727,700	25,076,500	new

ATO	atmos energy corp	0.92	238,236	39,935,500	added	226

AYI	acuity inc	0.96	116,000	41,764,600	reduced	-21.14

BG	bunge global sa	2.32	1,132,700	100,901,000	added	22.89

BKR	baker hughes company	0.00	0.00	0.00	sold off	-100

BP	bp plc	2.40	3,008,100	104,471,000	new

BTU	peabody energy corp	0.00	0.00	0.00	sold off	-100

CCJ	cameco corp	0.19	88,854	8,129,250	unchanged	0.00

CDE	coeur mng inc	0.00	0.00	0.00	sold off	-100

CGAU	centerra gold inc	0.75	2,253,100	32,439,300	new

CHK	expand energy corporation	3.37	1,329,080	146,677,000	reduced	-12.42

CLF	cleveland-cliffs inc new	0.95	3,096,600	41,122,800	new

CMC	commercial metals co	0.00	0.00	0.00	sold off	-100

CMI	cummins inc	1.25	106,060	54,138,300	reduced	-50.85

CNP	centerpoint energy inc	2.55	2,897,000	111,071,000	added	16.18

CNQ	canadian nat res ltd	0.00	0.00	0.00	sold off	-100

CTRA	coterra energy inc	1.25	2,073,500	54,574,500	new