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MIM
Merewether Investment Management Portfolio holdings
AUM
$5.16B
1-Year Est. Return
86.81%
This Fund
S&P 500
This Quarter
Est. Return
+22.83%
1 Year Est. Return
+86.81%
3 Year Est. Return
+264.95%
5 Year Est. Return
+658.88%
10 Year Est. Return
–
AUM
$1.02B
AUM Growth
+$25.9M
(+2.6%)
Cap. Flow
-$186M
Cap. Flow
% of AUM
-18.19%
Top 10 Holdings %
Top 10 Hldgs %
60.14%
Holding
41
New
7
Increased
9
Reduced
13
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cenovus Energy
CVE
|
+$76.6M |
| 2 |
SLB Ltd
SLB
|
+$38.3M |
| 3 |
SolarEdge
SEDG
|
+$36.5M |
| 4 |
Bunge Global
BG
|
+$35.1M |
| 5 |
Weatherford International
WFRD
|
+$33.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Diamondback Energy
FANG
|
+$87.2M |
| 2 |
Marathon Petroleum
MPC
|
+$74.9M |
| 3 |
Energy Transfer Partners
ET
|
+$52.4M |
| 4 |
Canadian Natural Resources
CNQ
|
+$44.4M |
| 5 |
ExxonMobil
XOM
|
+$40.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 75.45% |
| 2 | Technology | 8.8% |
| 3 | Utilities | 7.75% |
| 4 | Consumer Staples | 4.85% |
| 5 | Materials | 1.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Antero Resources
AR
$11.1B
| $10.9M | 1.06% |
351,173
-603,289
| -63% | -$20.8M |
|
|
27
Energy Transfer Partners
ET
$70.1B
| $7.78M | 0.76% |
655,668
-4,371,776
| -87% | -$52.4M |
|
28
AES
AES
$10.5B
| $5.56M | 0.54% |
193,254
-225,000
| -54% | -$6.06M |
|
|
29
Diamondback Energy
FANG
$57.1B
| $2.64M | 0.26% |
19,294
-596,379
| -97% | -$87.2M |
|
30
Cheniere Energy
LNG
$55.2B
| $600K | 0.06% |
4,000
+1,500
| +60% | +$251K |
|
31
Clearway Energy Class C
CWEN
$4.94B
| $212K | 0.02% |
6,650
| – | – |
|
32
Fluence Energy
FLNC
$1.85B
| – | – |
-19,697
| Closed | -$287K |
|
33
Helmerich & Payne
HP
$3.45B
| – | – |
-431,461
| Closed | -$16M |
|
34
Liberty Energy
LBRT
$3.05B
| – | – |
-714,182
| Closed | -$9.06M |
|
|
35
Marathon Petroleum
MPC
$92.4B
| – | – |
-754,355
| Closed | -$74.9M |
|
36
Olin
OLN
$2.11B
| – | – |
-81,985
| Closed | -$3.52M |
|
37
Ovintiv
OVV
$17.3B
| – | – |
-217,303
| Closed | -$10M |
|
38
Quanta Services
PWR
$100B
| – | – |
-3,117
| Closed | -$397K |
|
39
TE Connectivity
TEL
$59.6B
| – | – |
-2,280
| Closed | -$252K |
|
40
Vermilion Energy
VET
$1.82B
| – | – |
-794,218
| Closed | -$17M |
|
|
LFG
41
DELISTED
Archaea Energy Inc.
LFG
| – | – |
-1,923,958
| Closed | -$34.6M |
|
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Merewether Investment Management's Q4 2022 Portfolio in Review
As of Q4 2022, Merewether Investment Management held 41 positions worth $1.02B, up 2.6% from $998M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Merewether Investment Management withdrew a net $186M in Q4 2022, closing 10 positions and reducing 13 holdings. Its most notable exit was Marathon Petroleum, an estimated $74.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 75% of assets, down from 82% a quarter earlier, followed by Technology and Utilities.
Against the trend, Merewether Investment Management opened a new position in Cenovus Energy worth $77.5M.
- Merewether Investment Management's largest Q4 2022 buy was Cenovus Energy: 3,992,195 shares worth $77.5M.
- Merewether Investment Management added most to SLB Ltd in Q4 2022, an estimated $38.3M increase.
- Merewether Investment Management's biggest Q4 2022 reduction was Diamondback Energy, cutting an estimated $87.2M.
- Merewether Investment Management fully exited Marathon Petroleum in Q4 2022, selling an estimated $74.9M.
- Merewether Investment Management's ten largest holdings make up 60% of its $1.02B portfolio in Q4 2022.
- Merewether Investment Management opened 7 new positions and closed 10 in Q4 2022.
- Merewether Investment Management's portfolio value rose 2.6% quarter-over-quarter to $1.02B.
Based on Merewether Investment Management's 13F filing for Q4 2022, filed 14 Feb 2023.