Merewether Investment Management, LP

DALLAS, TX · CIK 1736852 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · limited partnership

Assets managed$6.9bn
Staff25 · 18 in investment roles
Main clients (by assets)Private funds 100%
Private funds4 (4 hedge) · $5.9bn gross assets
Websitemerewetherinvestment.com
Form ADV · 2026-06-30SEC adviser record

Legal entityMEREWETHER INVESTMENT MANAGEMENT, LP (US)

Kindhedge funds, futures
Others nearbyDallas, TX, Jersey City, NJ

As an employer

Offices in1 country
Private fundshedge 4

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Dallas, TX (main office)United States	United States	about 17
Jersey City, NJUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$5.3bn reported value +2.7% vs Q1 2026

81positions

34.3%in top 10

23 new 34 added 24 reduced 21 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	DEVON ENERGY CORP NEW COM DVN	DVN	6,561,677	$271.1m5.11%	5.11%	New
2	OVINTIV INC COM OVV	OVV	4,361,717	$229.6m4.33%	4.33%	Added +78.4k	+78,403 1.8%
3	ENTERGY CORP NEW COM ETR	ETR	1,787,604	$205.3m3.87%	3.87%	Added +693.1k	+693,062 63.3%
4	VISTRA CORP COM VST	VST	1,265,438	$200.7m3.78%	3.78%	Added +149.8k	+149,817 13.4%
5	DARLING INGREDIENTS INC COM DAR	DAR	3,002,575	$164.0m3.09%	3.09%	Reduced -321.9k	-321,948 -9.7%
6	PHILLIPS 66 COM PSX	PSX	967,351	$163.5m3.08%	3.08%	Added +885.1k	+885,051 1075.4%
7	WILLIAMS COS INC COM WMB	WMB	2,182,992	$162.3m3.06%	3.06%	Added +514.6k	+514,564 30.8%
8	SUNCOR ENERGY INC NEW COM SU	SU	2,814,167	$151.3m2.85%	2.85%	Reduced -289.7k	-289,684 -9.3%
9	DT MIDSTREAM INC COMMON STOCK DTM	DTM	946,016	$138.8m2.62%	2.62%	Added +111.0k	+111,010 13.3%
10	TARGA RES CORP COM TRGP	TRGP	502,928	$134.9m2.54%	2.54%	Reduced -145.5k	-145,512 -22.4%
11	CENTERPOINT ENERGY INC COM CNP	CNP	2,983,658	$131.4m2.48%	2.48%	Added +31.3k	+31,253 1.1%
12	CENOVUS ENERGY INC COM CVE	CVE	4,871,447	$120.9m2.28%	2.28%	Added +99.8k	+99,847 2.1%
13	NVENT ELECTRIC PLC SHS NVT	NVT	677,859	$115.0m2.17%	2.17%	Reduced -272.5k	-272,472 -28.7%
14	PERMIAN RESOURCES CORP CLASS A COM PR	PR	6,112,296	$112.5m2.12%	2.12%	Reduced -36.2k	-36,219 -0.6%
15	RALLIANT CORP COM RAL	RAL	1,526,211	$112.4m2.12%	2.12%	Added +414.0k	+413,961 37.2%
16	ALLIANT ENERGY CORP COM LNT	LNT	1,412,803	$107.8m2.03%	2.03%	New
17	BUNGE GLOBAL SA COM SHS BG	BG	965,795	$103.1m1.94%	1.94%	Reduced -152.7k	-152,748 -13.7%
18	HALLIBURTON CO COM HAL	HAL	2,668,794	$90.6m1.71%	1.71%	New
19	CHENIERE ENERGY INC COM NEW LNG	LNG	377,399	$90.2m1.70%	1.70%	Reduced -82.1k	-82,072 -17.9%
20	TECHNIPFMC PLC COM FTI	FTI	1,296,300	$85.9m1.62%	1.62%	Added +460.0k	+460,017 55.0%
21	EQT CORP COM EQT	EQT	1,577,324	$83.9m1.58%	1.58%	Added +507.5k	+507,474 47.4%
22	SOLSTICE ADVANCED MATLS INC COM SHS SOLS	SOLS	910,394	$80.7m1.52%	1.52%	Added +267.9k	+267,943 41.7%
23	WESCO INTL INC COM WCC	WCC	233,424	$80.6m1.52%	1.52%	New
24	MASTEC INC COM MTZ	MTZ	190,236	$79.1m1.49%	1.49%	Reduced -32.8k	-32,825 -14.7%
25	MADISON AIR SOLUTIONS CORP COM SHS CL A MAIR	MAIR	1,943,728	$75.8m1.43%	1.43%	New
26	TOTALENERGIES SE ACT TTE	TTE	971,338	$75.5m1.42%	1.42%	Added +21.5k	+21,538 2.3%
27	MARATHON PETE CORP COM MPC	MPC	288,592	$73.8m1.39%	1.39%	Reduced -21.9k	-21,908 -7.1%
28	LEGENCE CORP CL A LGN	LGN	852,658	$72.7m1.37%	1.37%	Added +126.3k	+126,322 17.4%
29	COMFORT SYS USA INC COM FIX	FIX	36,660	$72.7m1.37%	1.37%	Added +14.3k	+14,309 64.0%
30	INNIO NV ORDINARY SHARES INIO	INIO	1,788,900	$70.8m1.33%	1.33%	New
31	BP PLC SPONSORED ADR BP	BP	1,842,007	$68.1m1.28%	1.28%	Reduced -1.7m	-1,699,390 -48.0%
32	CRH PLC ORD CRH	CRH	626,927	$67.1m1.26%	1.26%	Added +288.8k	+288,808 85.4%
33	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	1,317,795	$62.9m1.19%	1.19%	Reduced -478.8k	-478,847 -26.6%
34	TENARIS S A SPONSORED ADS TS	TS	1,130,692	$62.7m1.18%	1.18%	New
35	TALEN ENERGY CORP COM TLN	TLN	154,750	$59.5m1.12%	1.12%	New
36	SELECT WATER SOLUTIONS INC CL A COM WTTR	WTTR	2,955,888	$59.1m1.11%	1.11%	Added +66.9k	+66,888 2.3%
37	WEATHERFORD INTL PLC ORD SHS WFRD	WFRD	699,412	$57.0m1.07%	1.07%	New
38	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	687,465	$55.0m1.04%	1.04%	Reduced -39.2k	-39,169 -5.4%
39	JAMES HARDIE INDS PLC ORD SHS JHX	JHX	2,064,029	$54.0m1.02%	1.02%	Added +106.2k	+106,199 5.4%
40	BORGWARNER INC COM BWA	BWA	801,595	$53.2m1.00%	1.00%	New
41	XCEL ENERGY INC COM XEL	XEL	654,993	$52.6m0.99%	0.99%	Reduced -876.5k	-876,549 -57.2%
42	METHANEX CORP COM MEOH	MEOH	1,130,053	$52.2m0.98%	0.98%	New
43	LINCOLN ELEC HLDGS INC COM LECO	LECO	189,326	$50.3m0.95%	0.95%	Added +95.8k	+95,818 102.5%
44	CONOCOPHILLIPS COM COP	COP	459,835	$47.8m0.90%	0.90%	Reduced -62.4k	-62,357 -11.9%
45	IAMGOLD CORP COM IAG	IAG	3,017,051	$47.8m0.90%	0.90%	Added +63.5k	+63,509 2.1%
46	QNITY ELECTRONICS INC COMMON STOCK Q	Q	283,819	$46.4m0.87%	0.87%	Reduced -149.5k	-149,465 -34.5%
47	BKV CORP COM BKV	BKV	1,673,695	$45.8m0.86%	0.86%	Added +26.9k	+26,922 1.6%
48	FLEX LTD ORD FLEX	FLEX	275,600	$44.7m0.84%	0.84%	New
49	EXXON MOBIL CORP COM XOM	XOM	302,662	$41.4m0.78%	0.78%	Added +69.4k	+69,400 29.8%
50	HF SINCLAIR CORP COM DINO	DINO	504,845	$35.2m0.66%	0.66%	Reduced -549.6k	-549,590 -52.1%
51	FRANCO NEV CORP COM FNV	FNV	167,712	$35.0m0.66%	0.66%	Added +23.7k	+23,712 16.5%
52	BLACK HILLS CORP COM BKH	BKH	455,327	$33.9m0.64%	0.64%	New
53	CIPHER MINING INC COM CIFR	CIFR	1,371,500	$33.6m0.63%	0.63%	New
54	SEADRILL LTD COM SDRL	SDRL	886,747	$33.5m0.63%	0.63%	Added +19.4k	+19,409 2.2%
55	ECOLAB INC COM ECL	ECL	118,300	$33.0m0.62%	0.62%	New
56	CENTURY ALUM CO COM CENX	CENX	693,537	$31.9m0.60%	0.60%	Added +178.7k	+178,737 34.7%
57	HUT 8 CORP COM HUT	HUT	269,217	$31.1m0.59%	0.59%	Added +154.3k	+154,308 134.3%
58	SUNOCOCORP LLC COM SHS LLC SUNC	SUNC	456,100	$30.9m0.58%	0.58%	New
59	CENTERRA GOLD INC COM CGAU	CGAU	1,873,130	$29.7m0.56%	0.56%	Reduced -391.4k	-391,393 -17.3%
60	NUCOR CORP COM NUE	NUE	129,793	$28.9m0.54%	0.54%	Reduced -163.3k	-163,321 -55.7%
61	ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH MT	MT	391,406	$23.6m0.44%	0.44%	Added +363.2k	+363,233 1289.3%
62	FREEPORT-MCMORAN INC CL B FCX	FCX	374,286	$23.5m0.44%	0.44%	Reduced -624.5k	-624,478 -62.5%
63	NEXTRACKER INC CLASS A COM NXT	NXT	194,705	$23.2m0.44%	0.44%	Added +61.5k	+61,498 46.2%
64	BARRICK MNG CORP COM SHS B	B	604,634	$22.2m0.42%	0.42%	New
65	PRIMORIS SVCS CORP COM PRIM	PRIM	211,913	$21.0m0.40%	0.40%	Reduced -462.9k	-462,926 -68.6%
66	EAGLEROCK LD LLC CL A SHS REP LTD EROK	EROK	873,238	$18.6m0.35%	0.35%	New
67	ARIS MNG CORP COM ARIS	ARIS	1,202,125	$17.9m0.34%	0.34%	Reduced -194.3k	-194,271 -13.9%
68	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	835,800	$16.0m0.30%	0.30%	Added +319.6k	+319,600 61.9%
69	LITHIUM ARGENTINA AG COM SHS LAR	LAR	1,540,027	$12.7m0.24%	0.24%	New
70	ATMOS ENERGY CORP COM ATO	ATO	73,124	$12.6m0.24%	0.24%	Added +1.6k	+1,615 2.3%
71	BAKER HUGHES COMPANY CL A BKR	BKR	210,451	$11.7m0.22%	0.22%	Added +37.1k	+37,051 21.4%
72	STANDARD LITHIUM LTD COM SLI	SLI	4,057,435	$11.2m0.21%	0.21%	Added +85.0k	+85,039 2.1%
73	TREKOR METALS LTD COM TGB	TGB	1,500,000	$10.3m0.19%	0.19%	New
74	TAMBORAN RES CORP COM TBN	TBN	294,477	$9.6m0.18%	0.18%	Added +225.6k	+225,598 327.5%
75	GENERAL MTRS CO COM GM	GM	104,725	$8.1m0.15%	0.15%	Added +78.1k	+78,097 293.3%
76	DENISON MINES CORP COM DNN	DNN	1,948,152	$6.0m0.11%	0.11%	Reduced -2.3m	-2,260,008 -53.7%
77	LIBERTY ENERGY INC COM CL A LBRT	LBRT	189,399	$5.0m0.09%	0.09%	Reduced -842.2k	-842,176 -81.6%
78	X-ENERGY INC COM CL A XE	XE	224,312	$4.1m0.08%	0.08%	New
79	WESTLAKE CORPORATION COM WLK	WLK	53,439	$3.9m0.07%	0.07%	Reduced -166.5k	-166,461 -75.7%
80	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	28,357	$3.8m0.07%	0.07%	New
81	DPC HOLDINGS PLC ORDINARY SHARES DPC	DPC	25,000	$1.2m0.02%	0.02%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COTERRA ENERGY INC CTRA	CTRA	7,301,691	$256.6m7.3m shares
SEMPRA SRE	SRE	1,412,788	$137.3m1.4m shares
NRG ENERGY INC NRG	NRG	890,906	$130.2m890.9k shares
HUBBELL INC HUBB	HUBB	216,337	$106.2m216.3k shares
VENTURE GLOBAL INC VG	VG	4,154,300	$65.5m4.2m shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	654,687	$52.7m654.7k shares
DIAMONDBACK ENERGY INC FANG	FANG	266,065	$52.6m266.1k shares
EXPAND ENERGY CORPORATION EXE	EXE	431,690	$47.4m431.7k shares
ANTERO RESOURCES CORP AR	AR	951,200	$40.4m951.2k shares
CUMMINS INC CMI	CMI	73,528	$39.6m73.5k shares
NOBLE CORP PLC NE	NE	779,215	$38.2m779.2k shares
PATTERSON-UTI ENERGY INC PTEN	PTEN	3,003,324	$32.5m3.0m shares
CAMECO CORP CCJ	CCJ	233,810	$25.4m233.8k shares
PAR PAC HOLDINGS INC PARR	PARR	369,465	$23.1m369.5k shares
OLIN CORP OLN	OLN	623,377	$18.5m623.4k shares
FLOWSERVE CORP FLS	FLS	75,100	$5.5m75.1k shares
CELANESE CORP DEL CE	CE	74,600	$4.9m74.6k shares
DUPONT DE NEMOURS INC DWDP	DWDP	28,487	$3.9m28.5k shares
ALBEMARLE CORP ALB	ALB	9,640	$1.7m9.6k shares
GARRETT MOTION INC GTX	GTX	78,363	$1.4m78.4k shares
TERAWULF INC WULF	WULF	35,912	$518.2k35.9k shares