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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 corp112,618,000
flex ltd72,807,900
eqt corp69,452,100
chevron corp new45,940,600
schlumberger ltd42,957,400
suncor energy inc new42,268,100
veren inc36,681,400
centerpoint energy inc31,187,600

New stocks bought by Merewether Investment Management, LP

Additions

Ticker% Inc.
ge vernova inc342
permian resources corp148
canadian nat res ltd110
weatherford intl plc38.84
phinia inc28.16
energy transfer l p22.27
westlake corporation17.4
public svc enterprise grp in7.59

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%
Energy46.4
Others29.3
Utilities14.6
Technology5.9
Basic Materials2.2
Industrials1.6

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-CAP51
UNALLOCATED29.3
MID-CAP15.4
MEGA-CAP4.2

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%
Others56.6
S&P 50030.9
RUSSELL 200012.5
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
TickerNamesorted ascending% PortfolioShares Held$ ValueType% ChangeOptions