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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
VST icon
1
Vistra
VST
$50B
$153M 8.13%
2,191,901
-1,254,819
-36% -$62.1M
CVE icon
2
Cenovus Energy
CVE
$55.7B
$135M 7.19%
+6,754,998
New +$115M
FANG icon
3
Diamondback Energy
FANG
$57.1B
$132M 7.01%
664,459
+319,256
+92% +$54.2M
TRGP icon
4
Targa Resources
TRGP
$58B
$119M 6.34%
1,063,293
-373,447
-26% -$35.2M
XOM icon
5
ExxonMobil
XOM
$644B
$106M 5.64%
910,843
-18,156
-2% -$1.9M
VLO icon
6
Valero Energy
VLO
$92.9B
$96.2M 5.12%
563,843
+296,394
+111% +$42.5M
FTI icon
7
TechnipFMC
FTI
$28.6B
$83.6M 4.45%
3,331,187
+554,316
+20% +$11.7M
AR icon
8
Antero Resources
AR
$11.1B
$81.7M 4.35%
+2,815,748
New +$68M
SHEL icon
9
Shell
SHEL
$254B
$75.8M 4.03%
1,129,964
-142,684
-11% -$9.14M
CTRA
10
DELISTED
Coterra Energy
CTRA
$60.6M 3.23%
+2,174,109
New +$55.8M
PSX icon
11
Phillips 66
PSX
$84.9B
$59M 3.14%
361,507
-391,720
-52% -$56.5M
CHRD icon
12
PUT
Chord Energy
CHRD
$7.9B
$55.2M 2.94%
+309,488
New +$49.8M
PEG icon
13
Public Service Enterprise Group
PEG
$38.2B
$53.5M 2.85%
+801,500
New +$49.1M
MPC icon
14
Marathon Petroleum
MPC
$92.4B
$47.2M 2.51%
+234,400
New +$40.1M
OKE icon
15
Oneok
OKE
$57.2B
$46.7M 2.49%
582,329
-89,733
-13% -$6.55M
NRG icon
16
NRG Energy
NRG
$28.3B
$46M 2.45%
+679,700
New +$38.1M
WFRD icon
17
Weatherford International
WFRD
$6.29B
$45.7M 2.43%
396,003
-265,666
-40% -$27M
PR
18
Permian Resources
PR
$17.8B
$42M 2.24%
2,378,149
-658,940
-22% -$9.67M
NVT icon
19
nVent Electric
NVT
$24.9B
$40.5M 2.15%
536,578
+134,100
+33% +$8.61M
ERF
20
DELISTED
Enerplus Corporation
ERF
$36.9M 1.96%
1,325,658
+89,595
+7% +$1.46M
ARRY icon
21
Array Technologies
ARRY
$803M
$36.3M 1.93%
+2,437,800
New +$33.6M
VRN
22
DELISTED
Veren
VRN
$31.7M 1.69%
3,869,114
+1,901,436
+97% +$13.3M
WLK icon
23
Westlake Corp
WLK
$9.03B
$29.1M 1.55%
+190,266
New +$26.8M
TECK icon
24
Teck Resources
TECK
$29.6B
$27.6M 1.47%
602,931
-382,886
-39% -$15.4M
VNOM icon
25
Viper Energy
VNOM
$8.71B
$26.9M 1.43%
+700,000
New +$23.7M
1
2 3

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SCM
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AP
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MS
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AUB
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PA
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BG
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KACA
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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.