Q3 2025 · 13F-HR
Merewether Investment Management, LPholdings as filed
Filed 2025-11-14 · accession 0001420506-25-003417
$4.18B
Reported value
70
Positions
2025-09-30
Period end
The Brief · Merewether Investment Management, LP · Q3 2025
AI · grounded in 13F
Merewether Investment Management, LP established a new position in DD worth $99.7M. The fund also opened a new stake in CMI valued at $91.1M and increased its holding of BKR by 359.7%. On the sell side, the manager closed out positions in PNW and GEV, reducing exposure by $65.7M and $64.7M respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 29364G103 | ETR | ENTERGY CORP NEW | $200.2M | 4.79% | 2,148,000 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $184.6M | 4.42% | 867,240 | Common | SOLE |
| 816851109 | SRE | SEMPRA | $175.4M | 4.20% | 1,949,432 | Common | SOLE |
| G6700G107 | NVT | NVENT ELECTRIC PLC | $167.7M | 4.01% | 1,699,674 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $161.2M | 3.86% | 1,517,475 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $154.0M | 3.68% | 3,681,304 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $148.9M | 3.56% | 2,735,086 | Common | SOLE |
| 98389B100 | XEL | XCEL ENERGY INC | $142.3M | 3.40% | 1,763,910 | Common | SOLE |
| 87612G101 | TRGP | TARGA RES CORP | $133.7M | 3.20% | 798,177 | Common | SOLE |
| 65473P105 | NI | NISOURCE INC | $127.1M | 3.04% | 2,934,594 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $121.3M | 2.90% | 7,138,222 | Common | SOLE |
| 23345M107 | DTM | DT MIDSTREAM INC | $113.1M | 2.71% | 1,000,600 | Common | SOLE |
| 71424F105 | PR | PERMIAN RESOURCES CORP | $113.1M | 2.71% | 8,836,137 | Common | SOLE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $108.1M | 2.59% | 634,731 | Common | SOLE |
| 05722G100 | BKR | BAKER HUGHES COMPANY | $105.5M | 2.52% | 2,165,846 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $102.6M | 2.45% | 241,159 | Common | SOLE |
| 26614N102 | DD | DUPONT DE NEMOURS INC | $99.7M | 2.38% | 1,279,700 | Common | SOLE |
| 15189T107 | CNP | CENTERPOINT ENERGY INC | $96.7M | 2.31% | 2,493,500 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $92.8M | 2.22% | 420,700 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $91.1M | 2.18% | 215,800 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $86.8M | 2.08% | 2,647,300 | Common | SOLE |
| 629377508 | NRG | NRG ENERGY INC | $86.0M | 2.06% | 530,726 | Common | SOLE |
| 443510607 | HUBB | HUBBELL INC | $85.2M | 2.04% | 198,000 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $78.3M | 1.87% | 2,765,800 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $78.2M | 1.87% | 693,893 | Common | SOLE |
| H11356104 | BG | BUNGE GLOBAL SA | $74.9M | 1.79% | 921,700 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $72.8M | 1.74% | 508,750 | Common | SOLE |
| 69047Q102 | OVV | OVINTIV INC | $70.5M | 1.69% | 1,747,097 | Common | SOLE |
| G87110105 | FTI | TECHNIPFMC PLC | $60.9M | 1.46% | 1,544,135 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $53.7M | 1.28% | 750,821 | Common | SOLE |
| 00508Y102 | AYI | ACUITY INC | $50.7M | 1.21% | 147,100 | Common | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $47.8M | 1.14% | 2,510,000 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $44.4M | 1.06% | 3,432,590 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $40.6M | 0.97% | 2,980,200 | Common | SOLE |
| 52476L109 | LGN | LEGENCE CORP | $40.3M | 0.96% | 1,306,852 | Common | SOLE |
| Y7542C130 | STNG | SCORPIO TANKERS INC | $38.5M | 0.92% | 686,361 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $37.3M | 0.89% | 240,000 | Common | SOLE |
| 403949100 | DINO | HF SINCLAIR CORP | $35.7M | 0.85% | 682,400 | Common | SOLE |
| 201723103 | CMC | COMMERCIAL METALS CO | $26.8M | 0.64% | 468,700 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $26.7M | 0.64% | 697,582 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $26.5M | 0.63% | 189,800 | Common | SOLE |
| 300426103 | ECG | EVERUS CONSTR GROUP | $24.8M | 0.59% | 289,700 | Common | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $22.7M | 0.54% | 379,500 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $22.0M | 0.53% | 634,800 | Common | SOLE |
| 940923105 | WBI | WATERBRIDGE INFRASTRUCTURE L | $22.0M | 0.53% | 870,400 | Common | SOLE |
| 65290E101 | NXT | NEXTRACKER INC | $20.8M | 0.50% | 280,875 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $20.7M | 0.49% | 268,400 | Common | SOLE |
| 05603J108 | BKV | BKV CORP | $20.3M | 0.49% | 876,517 | Common | SOLE |
| 368736104 | GNRC | GENERAC HLDGS INC | $19.0M | 0.46% | 113,799 | Common | SOLE |
| 248356107 | DNN | DENISON MINES CORP | $18.8M | 0.45% | 6,819,900 | Common | SOLE |
| 04040Y109 | ARIS | ARIS MNG CORP | $18.7M | 0.45% | 1,913,400 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $18.7M | 0.45% | 543,200 | Common | SOLE |
| 75134P600 | METC | RAMACO RES INC | $18.6M | 0.45% | 561,400 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $18.4M | 0.44% | 94,022 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $15.2M | 0.36% | 571,300 | Common | SOLE |
| M46528101 | FRO | FRONTLINE PLC | $14.3M | 0.34% | 626,500 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $13.6M | 0.33% | 725,600 | Common | SOLE |
| 049560105 | ATO | ATMOS ENERGY CORP | $12.5M | 0.30% | 72,936 | Common | SOLE |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $10.3M | 0.25% | 601,700 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $10.0M | 0.24% | 42,600 | Common | SOLE |
| 92839U206 | VC | VISTEON CORP | $8.5M | 0.20% | 70,700 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $7.5M | 0.18% | 88,854 | Common | SOLE |
| 93627C101 | HCC | WARRIOR MET COAL INC | $6.9M | 0.17% | 108,569 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $5.4M | 0.13% | 168,463 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $3.4M | 0.08% | 4,169 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $2.4M | 0.06% | 138,800 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $1.2M | 0.03% | 37,500 | Common | SOLE |
| 052800109 | ALV | AUTOLIV INC | $790,400 | 0.02% | 6,400 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $636,354 | 0.02% | 20,614 | Common | SOLE |
| 465741106 | ITRI | ITRON INC | $632,142 | 0.02% | 5,075 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.