MI
Merewether Investment Management, LP 13F Holdings & Recent Stock Buys (Q2 2026)
Merewether Investment Management, LPCIK: 0001736852
Diversified strategyMomentum followerSector-focused
Total reported value
$5.3B
Reporting period: 2026-06-30 · Number of holdings: 81
Merewether Investment Management, LP disclosed 81 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $5.3B and a quarterly turnover rate of 72.1%.
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Personality snowflake
- Concentration
- 8.48
- Portfolio Stability
- 72.11
- Momentum
- 100
- Sector conviction
- 92.09
- Diversification
- 100
- Sizing Uniformity
- 91.48
Merewether Investment Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 47 equally-sized positions, well below its 81 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.85), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy DVN
Sold out CTRA
Add PSX
+1075.4% $148.5M
Sold out SRE
Sold out NRG
Sold out HUBB
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DVN | Devon Energy CORP | Stock-Energy | 5.11% | +5.11% | NEW | |
| 2 | OVV | Ovintiv Inc | Stock-Energy | 4.33% | -0.59% | +1.83% | |
| 3 | ETR | Entergy CORP | Stock-Utilities | 3.87% | +1.49% | +63.32% | |
| 4 | VST | Vistra CORP | Stock-Utilities | 3.78% | +0.53% | +13.43% | |
| 5 | DAR | Darling Ingredients Inc | Stock-Consumer Staples | 3.09% | -0.89% | -9.68% | |
| 6 | PSX | Phillips 66 | Stock-Energy | 3.08% | +2.79% | +1075.40% | |
| 7 | WMB | Williams Cos Inc | Stock-Energy | 3.06% | +0.71% | +30.84% | |
| 8 | SU | Suncor Energy Inc | Stock-Energy | 2.85% | -1.12% | -9.33% | |
| 9 | DTM | Dt Midstream Inc | Stock-Energy | 2.62% | +0.44% | +13.29% | |
| 10 | TRGP | Targa Resources CORP | Stock-Energy | 2.54% | -0.61% | -22.44% | |
| 11 | CNP | Centerpoint Energy Inc | Stock-Utilities | 2.48% | +0.01% | +1.06% | |
| 12 | CVE | Cenovus Energy Inc | Stock-Energy | 2.28% | -0.17% | +2.09% | |
| 13 | NVT | nVent Electric plc | Stock-Industrials | 2.17% | -0.01% | -28.67% | |
| 14 | PR | Permian Resources Corp-cl A | Stock-Energy | 2.12% | -0.42% | -0.59% | |
| 15 | RAL | Ralliant CORP | Stock-Tech | 2.12% | +1.22% | +37.22% | |
| 16 | LNT | Alliant Energy CORP | Stock-Utilities | 2.03% | +2.03% | NEW | |
| 17 | BG | Bunge Global SA | Stock-Consumer Staples | 1.94% | -0.81% | -13.66% | |
| 18 | HAL | Halliburton Co | Stock-Energy | 1.71% | +1.71% | NEW | |
| 19 | LNG | Cheniere Energy Inc | Stock-Energy | 1.70% | -0.82% | -17.86% | |
| 20 | FTI | TechnipFMC plc | Stock-Energy | 1.62% | +0.50% | +55.01% | |
| 21 | EQT | Eqt CORP | Stock-Energy | 1.58% | +0.26% | +47.43% | |
| 22 | SOLS | Solstice Adv Materials Inc | Stock-Materials | 1.52% | +0.57% | +41.71% | |
| 23 | WCC | Wesco International Inc | Stock-Industrials | 1.52% | +1.52% | NEW | |
| 24 | MTZ | Mastec Inc | Stock-Industrials | 1.49% | +0.10% | -14.72% | |
| 25 | ✓ | Stock-Other | 1.43% | +1.43% | NEW | ||
| 26 | TTE | TotalEnergies SE | Stock-Other | 1.42% | -0.25% | +2.27% | |
| 27 | MPC | Marathon Petroleum CORP | Stock-Energy | 1.39% | -0.08% | -7.06% | |
| 28 | LGN | Legence Corp-cl A | Stock-Other | 1.37% | +0.58% | +17.39% | |
| 29 | FIX | Comfort Systems USA Inc | Stock-Industrials | 1.37% | +0.77% | +64.02% | |
| 30 | ✓ | Stock-Other | 1.33% | +1.33% | NEW | ||
| 31 | BP | Bp Plc-spons Adr | Stock-Energy | 1.28% | -1.94% | -47.99% | |
| 32 | CRH | CRH plc | Stock-Materials | 1.26% | +0.57% | +85.42% | |
| 33 | ST | Sensata Technologies Holding plc | Stock-Tech | 1.19% | -0.04% | -26.65% | |
| 34 | TS | Tenaris Sa-adr | Stock-Other | 1.18% | +1.18% | NEW | |
| 35 | TLN | Talen Energy CORP | Stock-Utilities | 1.12% | +1.12% | NEW | |
| 36 | WTTR | Select Water Solutions Inc | Stock-Other | 1.11% | +0.25% | +2.32% | |
| 37 | WFRD | Weatherford International plc | Stock-Energy | 1.07% | +1.07% | NEW | |
| 38 | CNR | Core Natural Resources Inc | Stock-Energy | 1.04% | -0.43% | -5.39% | |
| 39 | JHX | James Hardie Industries plc | Stock-Other | 1.02% | +0.30% | +5.42% | |
| 40 | BWA | Borgwarner Inc | Stock-Consumer Disc | 1.00% | +1.00% | NEW | |
| 41 | XEL | Xcel Energy Inc | Stock-Utilities | 0.99% | -1.37% | -57.23% | |
| 42 | MEOH | Methanex CORP | Stock-Other | 0.98% | +0.98% | NEW | |
| 43 | LECO | Lincoln Electric Holdings | Stock-Industrials | 0.95% | +0.50% | +102.47% | |
| 44 | COP | Conocophillips | Stock-Energy | 0.90% | -0.43% | -11.94% | |
| 45 | IAG | Iamgold CORP | Stock-Other | 0.90% | -0.18% | +2.15% | |
| 46 | Q | Qnity Electronics Inc | Stock-Tech | 0.87% | -0.10% | -34.50% | |
| 47 | BKV | Bkv Corporation | Stock-Other | 0.86% | -0.05% | +1.63% | |
| 48 | FLEX | Flex Ltd. | Stock-Tech | 0.84% | +0.84% | NEW | |
| 49 | XOM | Exxon Mobil CORP | Stock-Energy | 0.78% | +0.01% | +29.75% | |
| 50 | DINO | Hf Sinclair CORP | Stock-Energy | 0.66% | -0.61% | -52.12% |
1–50 of 81
Portfolio Performance
Performance for Q3 2026
+1%
Performance Last 4 Quarters
+36.3%
- Stdev
- +17.1%
- Beta
- +0.58
- Alpha
- +16.4%
- Max Drawdown
- -10%
- Annualized Perf
- +30.1%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +4.23
- Stutzer
- +0.5
- Treynor
- +0.48
- Sterling
- +1.84
- Calmar
- +3.01
- Information Ratio
- +0.49
- Tracking Error
- +16.3%
- Stdev Down
- +6.6%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +64.3%
- Worst 12 Months
- +10.1%
- Efficiency Ratio
- +0.8
- Sharpe
- +1.64
- Stdev Sectors
- +15.1%
- Skewness
- +0.37
- Kurtosis
- -0.57
- Upside Potential
- +5.89
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 81 | $5.3B | 72 | ||
| 2026 Q1 | 79 | $5.2B | 71 | ||
| 2025 Q4 | 77 | $4.3B | 72 | ||
| 2025 Q3 | 70 | $4.2B | 100 | ||
| 2025 Q2 | 63 | $3.5B | 0 | ||
| 2025 Q1 | 54 | $2.8B | 100 | ||
| 2024 Q4 | 52 | $2.5B | 0 | ||
| 2024 Q3 | 46 | $2.2B | 0 | ||
| 2024 Q2 | 44 | $1.9B | 0 | ||
| 2024 Q1 | 44 | $1.9B | 0 | ||
| 2023 Q4 | 45 | $1.7B | 0 | ||
| 2023 Q3 | 40 | $1.7B | 0 | ||
| 2023 Q2 | 34 | $1.4B | 0 | ||
| 2023 Q1 | 36 | $1.1B | 0 | ||
| 2022 Q4 | 31 | $1.0B | 0 | ||
| 2022 Q3 | 34 | $997.8M | 0 | ||
| 2022 Q2 | 33 | $771.5M | 0 | ||
| 2022 Q1 | 33 | $981.5M | 0 | ||
| 2021 Q4 | 40 | $942.7M | 0 | ||
| 2021 Q3 | 33 | $710.5M | 0 | ||
| 2021 Q2 | 34 | $568.7M | 81 | ||
| 2021 Q1 | 32 | $621.2M | 96 | ||
| 2020 Q4 | 27 | $388.5M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Merewether Investment Management, LP's most significant position changes for 2026-06-30: New buy: Devon Energy CORP (DVN); Sold out: Coterra Energy Inc (CTRA); Sold out: Sempra (SRE); Sold out: Nrg Energy Inc (NRG); New buy: Alliant Energy CORP (LNT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DVN | Devon Energy CORP | +5.1% | NEW | New buy |
| 2 | PSX | Phillips 66 | +2.8% | +1075.40% | Add |
| 3 | LNT | Alliant Energy CORP | +2% | NEW | New buy |
| 4 | HAL | Halliburton Co | +1.7% | NEW | New buy |
| 5 | WCC | Wesco International Inc | +1.5% | NEW | New buy |
| 6 | ETR | Entergy CORP | +1.5% | +63.32% | Add |
| 7 | ✓ | +1.4% | NEW | New buy | |
| 8 | ✓ | +1.3% | NEW | New buy | |
| 9 | RAL | Ralliant CORP | +1.2% | +37.22% | Add |
| 10 | TS | Tenaris Sa-adr | +1.2% | NEW | New buy |
| 11 | TLN | Talen Energy CORP | +1.1% | NEW | New buy |
| 12 | WFRD | Weatherford International plc | +1.1% | NEW | New buy |
| 13 | BWA | Borgwarner Inc | +1% | NEW | New buy |
| 14 | MEOH | Methanex CORP | +1% | NEW | New buy |
| 15 | FLEX | Flex Ltd. | +0.8% | NEW | New buy |
| 16 | FIX | Comfort Systems USA Inc | +0.8% | +64.02% | Add |
| 17 | WMB | Williams Cos Inc | +0.7% | +30.84% | Add |
| 18 | BKH | Black Hills CORP | +0.6% | NEW | New buy |
| 19 | CIFR | Cipher Digital Inc | +0.6% | NEW | New buy |
| 20 | ECL | Ecolab Inc | +0.6% | NEW | New buy |
| 21 | LGN | Legence Corp-cl A | +0.6% | +17.39% | Add |
| 22 | SUNC | Sunococorp LLC | +0.6% | NEW | New buy |
| 23 | SOLS | Solstice Adv Materials Inc | +0.6% | +41.71% | Add |
| 24 | CRH | CRH plc | +0.6% | +85.42% | Add |
| 25 | VST | Vistra CORP | +0.5% | +13.43% | Add |
| 26 | FTI | TechnipFMC plc | +0.5% | +55.01% | Add |
| 27 | LECO | Lincoln Electric Holdings | +0.5% | +102.47% | Add |
| 28 | HUT | Hut 8 CORP | +0.5% | +134.29% | Add |
| 29 | DTM | Dt Midstream Inc | +0.4% | +13.29% | Add |
| 30 | B | Barrick Mining CORP | +0.4% | NEW | New buy |
| 31 | MT | Arcelormittal-ny Registered | +0.4% | +1289.29% | Add |
| 32 | ✓ | +0.4% | NEW | New buy | |
| 33 | JHX | James Hardie Industries plc | +0.3% | +5.42% | Add |
| 34 | EQT | Eqt CORP | +0.3% | +47.43% | Add |
| 35 | WTTR | Select Water Solutions Inc | +0.3% | +2.32% | Add |
| 36 | ✓ | Lithium Argentina AG F | +0.2% | NEW | New buy |
| 37 | ✓ | +0.2% | NEW | New buy | |
| 38 | NXT | Nextpower Inc-cl A | +0.1% | +46.17% | Add |
| 39 | TBN | Tamboran Resources CORP | +0.1% | +327.53% | Add |
| 40 | GM | General Motors Co | +0.1% | +293.29% | Add |
| 41 | ET | Energy Transfer LP | +0.1% | +61.91% | Add |
| 42 | MTZ | Mastec Inc | +0.1% | -14.72% | Trim |
| 43 | ✓ | +0.1% | NEW | New buy | |
| 44 | ✓ | +0.1% | NEW | New buy | |
| 45 | CENX | Century Aluminum Company | 0% | +34.72% | Add |
| 46 | ✓ | 0% | NEW | New buy | |
| 47 | BKR | Baker Hughes Co | 0% | +21.37% | Add |
| 48 | CNP | Centerpoint Energy Inc | 0% | +1.06% | Add |
| 49 | XOM | Exxon Mobil CORP | 0% | +29.75% | Add |
| 50 | NVT | nVent Electric plc | 0% | -28.67% | Trim |
1–50 of 102
Filing History
FAQ
What is Merewether Investment Management, LP and what type of investor is it?
Merewether Investment Management, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $5.3B, spread across 81 disclosed positions.
What are Merewether Investment Management, LP's largest equity positions?
Based on the latest 13F filing, Merewether Investment Management, LP's top holdings by market value are:
1. Devon Energy CORP (DVN) — $271.1M (5.1%)
2. Ovintiv Inc (OVV) — $229.6M (4.3%)
3. Entergy CORP (ETR) — $205.3M (3.9%)
4. Vistra CORP (VST) — $200.7M (3.8%)
5. Darling Ingredients Inc (DAR) — $164.0M (3.1%)
What changes did Merewether Investment Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Merewether Investment Management, LP made 102 notable position adjustments: 23 new positions were initiated, 34 existing holdings were added to, 24 positions were partially reduced, and 21 were completely exited. The largest of these moves: New buy: Devon Energy CORP (DVN); Sold out: Coterra Energy Inc (CTRA); Sold out: Sempra (SRE); Sold out: Nrg Energy Inc (NRG); New buy: Alliant Energy CORP (LNT)
What sectors does Merewether Investment Management, LP focus on?
Merewether Investment Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 50.2%
• Utilities: 17.9%
• Industrials: 9.3%
• Materials: 7.3%
• Information Technology: 7.2%
• Consumer Staples: 6.0%
Investment Profile
Merewether Investment Management, LP returned an annualized 30.1% over the trailing 36 months — outperforming the S&P 500 by 16.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.58 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 50.2% of the portfolio concentrated in Energy.
Its turnover score has risen from 0 to 72 over the past 4 quarters — a shift toward more active trading.
It has added to its VST position over the past two quarters (+$136.6M, now $200.7M), while trimming XEL over the same stretch (-$107.5M, still holding $52.6M).
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Developer Access
Access Merewether Investment Management, LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/merewether-investment-management-lpCLI
npx alphasmo institutions get merewether-investment-management-lp