Latest Merewether Investment Management, LP Stock Portfolio

$1.90Billion– No. of Holdings #44

Merewether Investment Management, LP Performance:

2024 Q2: 3.02%YTD: 21.34%2023: 11.69%

Performance for 2024 Q2 is 3.02%, and YTD is 21.34%, and 2023 is 11.69%.

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

Merewether Investment Management, LP is a hedge fund based in DALLAS, TX. On 04-May-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.6 Billions. In it's latest 13F Holdings report, Merewether Investment Management, LP reported an equity portfolio of $1.9 Billions as of 30 Jun, 2024.

The top stock holdings of Merewether Investment Management, LP are VST, , FANG. The fund has invested 8.7% of it's portfolio in VISTRA CORP and 6.7% of portfolio in GE VERNOVA INC.

The fund managers got completely rid off COTERRA ENERGY INC (CTRA), PHILLIPS 66 (PSX) and ONEOK INC NEW (OKE) stocks. They significantly reduced their stock positions in NRG ENERGY INC (NRG), NVENT ELECTRIC PLC (NVT) and AUTOLIV INC (ALV). Merewether Investment Management, LP opened new stock positions in TC ENERGY CORP, FLEX LTD (FLEX) and EQT CORP (EQT). The fund showed a lot of confidence in some stocks as they added substantially to GE VERNOVA INC, PERMIAN RESOURCES CORP (PR) and WEATHERFORD INTL PLC (WFRD).

Merewether Investment Management, LP Equity Portfolio Value

Last Reported on: 14 Aug, 2024

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

Our best estimate is that Merewether Investment Management, LP made a return of 3.02% in the last quarter. In trailing 12 months, it's portfolio return was 33%.

New Buys

Ticker	$ Bought
tc energy corp	112,618,000
flex ltd	72,807,900
eqt corp	69,452,100
chevron corp new	45,940,600
schlumberger ltd	42,957,400
suncor energy inc new	42,268,100
veren inc	36,681,400
centerpoint energy inc	31,187,600

New stocks bought by Merewether Investment Management, LP

Additions

Ticker	% Inc.
ge vernova inc	342
permian resources corp	148
canadian nat res ltd	110
weatherford intl plc	38.84
phinia inc	28.16
energy transfer l p	22.27
westlake corporation	17.4
public svc enterprise grp in	7.59

Additions to existing portfolio by Merewether Investment Management, LP

Reductions

Ticker	% Reduced
nrg energy inc	-98.08
nvent electric plc	-98.00
autoliv inc	-92.26
exxon mobil corp	-67.32
valero energy corp	-65.36
teck resources ltd	-53.26
marathon pete corp	-33.45
targa res corp	-29.68

Merewether Investment Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
crescent pt energy corp	-31,688,000
array technologies inc	-36,347,600
coterra energy inc	-60,614,200
enerplus corp	-36,892,900
oneok inc new	-46,685,300
ovintiv inc	-23,661,200
phillips 66	-59,048,600
itron inc	-24,061,800

Merewether Investment Management, LP got rid off the above stocks

Sector Distribution

Merewether Investment Management, LP has about 46.4% of it's holdings in Energy sector.

Sector	%
Energy	46.4
Others	29.3
Utilities	14.6
Technology	5.9
Basic Materials	2.2
Industrials	1.6

Market Cap. Distribution

Merewether Investment Management, LP has about 55.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	51
UNALLOCATED	29.3
MID-CAP	15.4
MEGA-CAP	4.2

Stocks belong to which Index?

About 43.4% of the stocks held by Merewether Investment Management, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	56.6
S&P 500	30.9
RUSSELL 2000	12.5

Top 5 Winners (%)		%
KEX	kirby corp	25.6 %
VST	vistra corp	23.4 %
FSLR	first solar inc	15.8 %
NRG	nrg energy inc	15.1 %
XPRO	expro group holdings nv	14.3 %

Top 5 Winners ($)		$
VST	vistra corp	35.7 M
TRGP	targa res corp	14.0 M
AR	antero resources corp	10.1 M
NRG	nrg energy inc	6.9 M
PEG	public svc enterprise grp in	5.6 M

Top 5 Losers (%)		%
ET	energy transfer l p	-33.3 %
MPC	marathon pete corp	-12.9 %
VLO	valero energy corp	-7.5 %
EQT	eqt corp	-6.9 %
CIVI	civitas resources inc	-5.6 %

Top 5 Losers ($)		$
VLO	valero energy corp	-7.2 M
MPC	marathon pete corp	-6.1 M
EQT	eqt corp	-5.2 M
PR	permian resources corp	-4.8 M
ET	energy transfer l p	-3.2 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 44 stocks in it's portfolio. About 56.8% of the portfolio is in top 10 stocks. VLO proved to be the most loss making stock for the portfolio. VST was the most profitable stock for Merewether Investment Management, LP last quarter.

Last Reported on: 14 Aug, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AES	aes corp	0.88	949,100	16,675,700	reduced	-8.45

ALV	autoliv inc	0.02	3,700	395,863	reduced	-92.26

APTV	aptiv plc	0.00	0.00	0.00	sold off	-100

AR	antero resources corp	5.07	2,943,950	96,061,000	added	4.55

ARRY	array technologies inc	0.00	0.00	0.00	sold off	-100

CIVI	civitas resources inc	0.52	144,000	9,936,000	new

CNP	centerpoint energy inc	1.65	1,006,700	31,187,600	new

CTRA	coterra energy inc	0.00	0.00	0.00	sold off	-100

CVX	chevron corp new	2.42	293,700	45,940,600	new

EQT	eqt corp	3.66	1,878,100	69,452,100	new

ET	energy transfer l p	0.34	6,591,790	6,448,550	added	22.27

FANG	diamondback energy inc	6.31	597,539	119,621,000	reduced	-10.07

FLEX	flex ltd	3.84	2,468,900	72,807,900	new

FSLR	first solar inc	0.35	29,536	6,659,190	new

FTI	technipfmc plc	4.50	3,259,090	85,225,100	reduced	-2.16

HCC	warrior met coal inc	0.48	146,400	9,189,530	new

ITRI	itron inc	1.62	311,171	30,793,500	new

ITRI	itron inc	0.00	0.00	0.00	sold off	-100

KEX	kirby corp	1.00	157,700	18,881,400	unchanged	0.00

KNTK	kinetik holdings inc	0.92	422,800	17,520,800	reduced	-23.13