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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
+2.1%
1 Year Est. Return
+86.81%
3 Year Est. Return
+264.95%
5 Year Est. Return
+658.88%
10 Year Est. Return
–
AUM
$1.69B
AUM Growth
+$39.9M
Cap. Flow
+$11.4M
Cap. Flow %
0.67%
Top 10 Hldgs %
52.47%
Holding
54
New
14
Increased
16
Reduced
15
Closed
9

Top Buys

Rank Stock Value
1
SHEL icon
Shell
SHEL
+$83.5M
2
CVX icon
Chevron
CVX
+$67M
3
BKR icon
Baker Hughes
BKR
+$52.2M
4
OKE icon
Oneok
OKE
+$45M
5
TECK icon
Teck Resources
TECK
+$37.9M

Top Sells

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$110M
2
PXD
Pioneer Natural Resource Co.
PXD
+$85.4M
3
SO icon
Southern Company
SO
+$51.1M
4
FE icon
FirstEnergy
FE
+$46.9M
5
FLEX icon
Flex
FLEX
+$45.8M

Sector Composition

Rank Sector Weight
1 Energy 71.22%
2 Materials 9.31%
3 Utilities 9.09%
4 Technology 4.01%
5 Consumer Discretionary 2.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VST icon
1
Vistra
VST
$50B
$133M 7.84%
3,446,720
+233,643
+7% +$8.13M
TRGP icon
2
Targa Resources
TRGP
$58B
$125M 7.37%
1,436,740
+67,497
+5% +$5.8M
PSX icon
3
Phillips 66
PSX
$84.9B
$100M 5.92%
753,227
+140,527
+23% +$16.8M
XOM icon
4
ExxonMobil
XOM
$644B
$92.9M 5.49%
928,999
+15,437
+2% +$1.62M
BKR icon
5
Baker Hughes
BKR
$60B
$89.1M 5.26%
2,607,502
+1,529,302
+142% +$52.2M
SHEL icon
6
Shell
SHEL
$254B
$83.7M 4.95%
+1,272,648
New +$83.5M
CHRD icon
7
Chord Energy
CHRD
$7.9B
$72.9M 4.31%
438,610
+34,810
+9% +$5.69M
CVX icon
8
Chevron
CVX
$392B
$66M 3.9%
+442,680
New +$67M
WFRD icon
9
Weatherford International
WFRD
$6.29B
$64.7M 3.82%
661,669
+57,094
+9% +$5.31M
PPG icon
10
PPG Industries
PPG
$24.6B
$61.2M 3.61%
409,278
+269,978
+194% +$36.5M
FTI icon
11
TechnipFMC
FTI
$28.6B
$55.9M 3.3%
2,776,871
+226,853
+9% +$4.65M
MRO
12
DELISTED
Marathon Oil Corporation
MRO
$53.6M 3.17%
2,218,885
+497,608
+29% +$12.8M
FANG icon
13
Diamondback Energy
FANG
$57.1B
$53.5M 3.16%
345,203
-48,958
-12% -$7.67M
OKE icon
14
Oneok
OKE
$57.2B
$47.2M 2.79%
+672,062
New +$45M
DINO icon
15
HF Sinclair
DINO
$16.5B
$41.7M 2.47%
751,281
-174,819
-19% -$9.53M
TECK icon
16
Teck Resources
TECK
$29.6B
$41.7M 2.46%
+985,817
New +$37.9M
PR
17
Permian Resources
PR
$17.8B
$41.3M 2.44%
3,037,089
+437,611
+17% +$5.99M
OVV icon
18
Ovintiv
OVV
$17.3B
$40.5M 2.39%
921,218
-60,282
-6% -$2.75M
VLO icon
19
Valero Energy
VLO
$92.9B
$34.8M 2.05%
+267,449
New +$34M
EQT icon
20
EQT Corp
EQT
$33.3B
$28M 1.65%
724,495
-881,552
-55% -$35.7M
APTV icon
21
Aptiv
APTV
$12B
$25.5M 1.5%
284,036
+147,836
+109% +$12.7M
FCX icon
22
Freeport-McMoran
FCX
$90B
$24.9M 1.47%
+585,091
New +$21.6M
RIO icon
23
Rio Tinto
RIO
$158B
$24.9M 1.47%
334,482
+115,982
+53% +$7.78M
NVT icon
24
nVent Electric
NVT
$24.9B
$23.8M 1.4%
402,478
+235,278
+141% +$12.5M
CNQ icon
25
Canadian Natural Resources
CNQ
$99.4B
$21.8M 1.29%
+666,814
New +$21.6M
1
2 3

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AUB
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Merewether Investment Management's Q4 2023 Portfolio in Review

As of Q4 2023, Merewether Investment Management held 54 positions worth $1.69B, up 2.4% from $1.65B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Merewether Investment Management's Q4 2023 filing shows 14 new, 16 increased, 15 reduced and 9 closed positions. Its largest new stake was Shell: 1,272,648 shares worth $83.7M. The largest sale was Cenovus Energy, an estimated $110M.

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

  • Merewether Investment Management's largest Q4 2023 buy was Shell: 1,272,648 shares worth $83.7M.
  • Merewether Investment Management added most to Baker Hughes in Q4 2023, an estimated $52.2M increase.
  • Merewether Investment Management's biggest Q4 2023 reduction was Flex, cutting an estimated $45.8M.
  • Merewether Investment Management fully exited Cenovus Energy in Q4 2023, selling an estimated $110M.
  • Merewether Investment Management's ten largest holdings make up 52% of its $1.69B portfolio in Q4 2023.
  • Merewether Investment Management opened 14 new positions and closed 9 in Q4 2023.
  • Merewether Investment Management's portfolio value rose 2.4% quarter-over-quarter to $1.69B.

Based on Merewether Investment Management's 13F filing for Q4 2023, filed 14 Feb 2024.