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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
+24.94%
1 Year Est. Return
+86.81%
3 Year Est. Return
+264.95%
5 Year Est. Return
+658.88%
10 Year Est. Return
–
AUM
$1.88B
AUM Growth
+$185M
Cap. Flow
-$89.3M
Cap. Flow %
-4.75%
Top 10 Hldgs %
55.48%
Holding
63
New
18
Increased
9
Reduced
15
Closed
21

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$115M
2
ET icon
Energy Transfer Partners
ET
+$78.5M
3
AR icon
Antero Resources
AR
+$68M
4
CTRA
Coterra Energy
CTRA
+$55.8M
5
FANG icon
Diamondback Energy
FANG
+$54.2M

Top Sells

Rank Stock Value
1
BKR icon
Baker Hughes
BKR
+$89.1M
2
CHRD icon
Chord Energy
CHRD
+$70.5M
3
CVX icon
Chevron
CVX
+$66M
4
VST icon
Vistra
VST
+$62.1M
5
PPG icon
PPG Industries
PPG
+$61.2M

Sector Composition

Rank Sector Weight
1 Energy 69.92%
2 Utilities 14.6%
3 Industrials 4.73%
4 Materials 3.02%
5 Technology 2.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ITRI icon
51
Itron
ITRI
$4.36B
– –
-22,200
Closed -$1.68M
MTZ icon
52
MasTec
MTZ
$21.1B
– –
-22,300
Closed -$1.69M
NOVA
53
DELISTED
Sunnova Energy
NOVA
– –
-10,298
Closed -$157K
NUE icon
54
Nucor
NUE
$58.6B
– –
-28,121
Closed -$4.89M
PPG icon
55
PPG Industries
PPG
$24.6B
– –
-409,278
Closed -$61.2M
RIO icon
56
Rio Tinto
RIO
$158B
– –
-334,482
Closed -$24.9M
SHLS icon
57
Shoals Technologies Group
SHLS
$1.47B
– –
-880,570
Closed -$13.7M
STNG icon
58
Scorpio Tankers
STNG
$3.9B
– –
-190,835
Closed -$11.6M
TS icon
59
Tenaris
TS
$28.9B
– –
-622,028
Closed -$21.6M
WCC
60
WESCO International
WCC
$16.7B
– –
-17,594
Closed -$3.06M
MRO
61
DELISTED
Marathon Oil Corporation
MRO
– –
-2,218,885
Closed -$53.6M
SWN
62
DELISTED
Southwestern Energy Company
SWN
– –
-3,192,787
Closed -$20.9M
1 2
3

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Merewether Investment Management's Q1 2024 Portfolio in Review

As of Q1 2024, Merewether Investment Management held 63 positions worth $1.88B, up 11% from $1.69B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Merewether Investment Management withdrew a net $89.3M in Q1 2024, closing 21 positions and reducing 15 holdings. Its most notable exit was Baker Hughes, an estimated $89.1M position sold in full.

By sector, the portfolio is most concentrated in Energy at 70% of assets, down from 71% a quarter earlier, followed by Utilities and Industrials.

Against the trend, Merewether Investment Management opened a new position in Cenovus Energy worth $135M.

  • Merewether Investment Management's largest Q1 2024 buy was Cenovus Energy: 6,754,998 shares worth $135M.
  • Merewether Investment Management added most to Diamondback Energy in Q1 2024, an estimated $54.2M increase.
  • Merewether Investment Management's biggest Q1 2024 reduction was Vistra, cutting an estimated $62.1M.
  • Merewether Investment Management fully exited Baker Hughes in Q1 2024, selling an estimated $89.1M.
  • Merewether Investment Management's ten largest holdings make up 55% of its $1.88B portfolio in Q1 2024.
  • Merewether Investment Management opened 18 new positions and closed 21 in Q1 2024.
  • Merewether Investment Management's portfolio value rose 11% quarter-over-quarter to $1.88B.

Based on Merewether Investment Management's 13F filing for Q1 2024, filed 15 May 2024.