1y return+33.0%S&P 500 +20.9%
3y return+108.4%S&P 500 +68.5%
5y return+180.2%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $395 against $200 in the S&P 500.2
Merewether Investment Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| DVNDevon Energy Corp New | $271.1M | 5.1% | New |
| OVVOvintiv Inc | $229.6M | 4.3% | +1.8% |
| ETREntergy Corp New | $205.3M | 3.9% | +63.3% |
| VSTVistra Corp | $200.7M | 3.8% | +13.4% |
| DARDarling Ingredients Inc | $164.0M | 3.1% | −9.7% |
| PSXPhillips 66 | $163.5M | 3.1% | +1075.4% |
| WMBWilliams Cos Inc | $162.3M | 3.1% | +30.8% |
| SUSuncor Energy Inc New | $151.3M | 2.9% | −9.3% |
| DTMDt Midstream Inc | $138.8M | 2.6% | +13.3% |
| TRGPTarga Res Corp | $134.9M | 2.5% | −22.4% |
| CNPCenterpoint Energy Inc | $131.4M | 2.5% | +1.1% |
| CVECenovus Energy Inc | $120.9M | 2.3% | +2.1% |
| Nvent Elec PLCCUSIP G6700G107 | $115.0M | 2.2% | −28.7% |
| PRPermian Resources Corp | $112.5M | 2.1% | |
| RALRalliant Corp | $112.4M | 2.1% | +37.2% |
| LNTAlliant Energy Corp | $107.8M | 2.0% | New |
| Bunge Global SaCUSIP H11356104 | $103.1M | 1.9% | −13.7% |
| HALHalliburton Co | $90.6M | 1.7% | New |
| LNGCheniere Energy Inc | $90.2M | 1.7% | −17.9% |
| Technipfmc PLCCUSIP G87110105 | $85.9M | 1.6% | +55.0% |
| EQTEqt Corp | $83.9M | 1.6% | +47.4% |
| SOLSSolstice Advanced Matls Inc | $80.7M | 1.5% | +41.7% |
| WCCWesco Intl Inc | $80.6M | 1.5% | New |
| MTZMastec Inc | $79.1M | 1.5% | −14.7% |
| MAIRMadison Air Solutions Corp | $75.8M | 1.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VSTVistra Corp | June 30, 2022 | +594.2% | $200.7M |
| TRGPTarga Res Corp | June 30, 2021 | +503.3% | $134.9M |
| Technipfmc PLCCUSIP G87110105 | March 31, 2023 | +385.7% | $85.9M |
| FIXComfort Sys Usa Inc | June 30, 2025 | +269.6% | $72.7M |
| MTZMastec Inc | December 31, 2024 | +205.6% | $79.1M |
| LGNLegence Corp | September 30, 2025 | +176.6% | $72.7M |
| Nvent Elec PLCCUSIP G6700G107 | June 30, 2025 | +131.5% | $115.0M |
| RALRalliant Corp | March 31, 2026 | +77.0% | $112.4M |
| PRPermian Resources Corp | March 31, 2023 | +75.3% | $112.5M |
| DARDarling Ingredients Inc | March 31, 2025 | +74.8% | $164.0M |
Sold off last quarter
- CTRACoterra Energy Inc was $256.6M
- SRESempra was $137.3M
- NRGNrg Energy Inc was $130.2M
- HUBBHubbell Inc was $106.2M
- VGVenture Global Inc was $65.5M
- Lyondellbasell Industries NvCUSIP N53745100 was $52.7M
- FANGDiamondback Energy Inc was $52.6M
- EXEExpand Energy Corporation was $47.4M
- ARAntero Resources Corp was $40.4M
- CMICummins Inc was $39.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −2.7% | +14.8% |
| March 31, 2026 | +22.3% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | +9.9% | +7.8% |
| June 30, 2025 | +6.4% | +10.5% |
| March 31, 2025 | +3.4% | −4.6% |
| December 31, 2024 | +2.8% | +2.1% |
| September 30, 2024 | +4.7% | +5.4% |
| June 30, 2024 | +2.9% | +4.0% |
| March 31, 2024 | +18.1% | +10.0% |
| December 31, 2023 | −0.4% | +11.2% |
| September 30, 2023 | +9.3% | −3.6% |
| June 30, 2023 | +3.7% | +8.3% |
| March 31, 2023 | −5.1% | +7.0% |
| December 31, 2022 | +15.6% | +7.1% |
| September 30, 2022 | +1.2% | −5.3% |
| June 30, 2022 | −12.1% | −16.5% |
| March 31, 2022 | +25.7% | −4.9% |
| December 31, 2021 | +4.5% | +10.7% |
| September 30, 2021 | +1.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Merewether Investment Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1736852&type=13F-HR&dateb=&owner=include&count=40CIK 1736852
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1736852/000142050626001816/Filed August 14, 2026 · accession 0001420506-26-001816