AI Portfolio Summary
In 2025 Q4, Merewether Investment Management, LP maintained a portfolio of 96 distinct positions. The most significant new addition to the portfolio was WILLIAMS COS INC, which now represents 3.24% of the total fund value. They heavily accumulated shares in XCEL ENERGY INC, increasing their position by 22.9%. Conversely, Merewether Investment Management, LP completely exited their position in NISOURCE INC.
Total Positions
96
Quarter
2025 Q4
Top Holding
ETR (3.8%)
Top 10 Concentration
33.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 96
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
ETR
ENTERGY CORP NE...
|
Utilities | 3.82% | 4.79% |
#1
Prev: #1
|
4.0 | -351,100 | -16.3% |
P
S
|
1,796,900 | $166,087,467 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XEL
XCEL ENERGY INC
|
Utilities | 3.68% | 3.40% |
#2
6
Prev: #8
|
5.5 | 403,800 | 22.9% |
P
S
|
2,167,710 | $160,107,061 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXE
EXPAND ENERGY C...
|
Energy | 3.37% | 3.86% |
#3
2
Prev: #5
|
2.8 | -188,400 | -12.4% |
P
S
|
1,329,075 | $146,676,717 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SU
SUNCOR ENERGY I...
|
Energy | 3.35% | 3.68% |
#4
2
Prev: #6
|
2.3 | -403,800 | -11.0% |
P
S
|
3,277,504 | $145,481,106 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OVV
OVINTIV INC
|
Energy | 3.26% | 1.69% |
#5
23
Prev: #28
|
4.8 | 1,865,600 | 106.8% |
P
S
|
3,612,697 | $141,581,595 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WMB
WILLIAMS COS IN...
|
Energy | 3.24% | — |
#6
Prev: #—
|
4.8 | 2,341,000 | no change |
NEW
|
2,341,000 | $140,717,510 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRGP
TARGA RES CORP
|
Energy | 3.18% | 3.20% |
#7
2
Prev: #9
|
1.8 | -48,600 | -6.1% |
P
S
|
749,577 | $138,296,957 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SRE
SEMPRA
|
Utilities | 3.14% | 4.20% |
#8
5
Prev: #3
|
1.3 | -402,300 | -20.6% |
P
S
|
1,547,132 | $136,596,284 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVT
NVENT ELECTRIC ...
|
Industrials | 3.13% | 4.01% |
#9
5
Prev: #4
|
1.3 | -364,100 | -21.4% |
P
S
|
1,335,574 | $136,188,481 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DTM
DT MIDSTREAM IN...
|
Energy | 2.87% | 2.71% |
#10
2
Prev: #12
|
1.6 | 42,000 | 4.2% |
P
S
|
1,042,600 | $124,778,368 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTZ
MASTEC INC
|
Industrials | 2.85% | 4.42% |
#11
9
Prev: #2
|
1.1 | -298,100 | -34.4% |
P
S
|
569,140 | $123,713,962 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NRG
NRG ENERGY INC
|
Utilities | 2.80% | 2.06% |
#12
10
Prev: #22
|
3.6 | 234,900 | 44.3% |
P
S
|
765,626 | $121,918,284 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNP
CENTERPOINT ENE...
|
Utilities | 2.55% | 2.31% |
#13
5
Prev: #18
|
3.0 | 403,500 | 16.2% |
P
S
|
2,897,000 | $111,070,980 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BP
BP PLC
|
Energy | 2.40% | — |
#14
Prev: #—
|
4.5 | 3,008,100 | no change |
NEW
|
3,008,100 | $104,471,313 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BG
BUNGE GLOBAL SA
|
Consumer Defensive | 2.32% | 1.79% |
#15
11
Prev: #26
|
3.4 | 211,000 | 22.9% |
P
S
|
1,132,700 | $100,900,916 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PRIM
PRIMORIS SVCS C...
|
Industrials | 2.23% | — |
#16
Prev: #—
|
4.4 | 781,700 | no change |
NEW
|
781,700 | $97,040,238 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FCX
FREEPORT-MCMORA...
|
Basic Materials | 2.23% | — |
#17
Prev: #—
|
4.4 | 1,909,400 | no change |
NEW
|
1,909,400 | $96,978,426 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FANG
DIAMONDBACK ENE...
|
Energy | 2.21% | 1.74% |
#18
9
Prev: #27
|
3.4 | 131,500 | 25.8% |
P
S
|
640,250 | $96,248,783 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PR
PERMIAN RESOURC...
|
Energy | 2.02% | 2.71% |
#19
6
Prev: #13
|
0.8 | -2,573,000 | -29.1% |
P
S
|
6,263,137 | $87,871,812 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 1.95% | 2.22% |
#20
1
Prev: #19
|
0.8 | -95,600 | -22.7% |
P
S
|
325,100 | $84,925,873 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XOM
EXXON MOBIL COR...
|
Energy | 1.94% | 1.87% |
#21
4
Prev: #25
|
1.3 | 7,600 | 1.1% |
P
S
|
701,493 | $84,417,668 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
Q
QNITY ELECTRONI...
|
Technology | 1.65% | — |
#22
Prev: #—
|
4.2 | 878,048 | no change |
NEW
|
878,048 | $71,692,619 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LNG
CHENIERE ENERGY...
|
Energy | 1.56% | 0.24% |
#23
37
Prev: #60
|
3.6 | 306,000 | 718.3% |
P
S
|
348,600 | $67,764,354 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FTI
TECHNIPFMC PLC
|
Energy | 1.55% | 1.46% |
#24
5
Prev: #29
|
1.1 | -33,007 | -2.1% |
P
S
|
1,511,128 | $67,335,864 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VST
VISTRA CORP
|
Utilities | 1.47% | 0.44% |
#25
29
Prev: #54
|
3.6 | 303,300 | 322.6% |
P
S
|
397,322 | $64,099,958 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NI
NISOURCE INC
|
Utilities | 0.00% | 3.04% |
Sold All 😨
(Was: #10) |
0.0 | -2,934,594 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BKR
BAKER HUGHES CO...
|
Energy | 0.00% | 2.52% |
Sold All 😨
(Was: #15) |
0.0 | -2,165,846 | -100.0% |
CLOSED
|
— | $— | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KMI
KINDER MORGAN I...
|
Energy | 0.00% | 1.87% |
Sold All 😨
(Was: #24) |
0.0 | -2,765,800 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RIOT
RIOT PLATFORMS ...
|
Financial Services | 0.00% | 1.14% |
Sold All 😨
(Was: #32) |
0.0 | -2,510,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CVX
CHEVRON CORP NE...
|
Energy | 0.00% | 0.89% |
Sold All 😨
(Was: #37) |
0.0 | -240,000 | -100.0% |
CLOSED
|
— | $— | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DINO
HF SINCLAIR COR...
|
Energy | 0.00% | 0.85% |
Sold All 😨
(Was: #38) |
0.0 | -682,400 | -100.0% |
CLOSED
|
— | $— | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CMC
COMMERCIAL META...
|
Basic Materials | 0.00% | 0.64% |
Sold All 😨
(Was: #39) |
0.0 | -468,700 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ECG
EVERUS CONSTR G...
|
Industrials | 0.00% | 0.59% |
Sold All 😨
(Was: #42) |
0.0 | -289,700 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COPX
GLOBAL X FDS
|
ETF | 0.00% | 0.54% |
Sold All 😨
(Was: #43) |
0.0 | -379,500 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MOS
MOSAIC CO NEW
|
Basic Materials | 0.00% | 0.53% |
Sold All 😨
(Was: #44) |
0.0 | -634,800 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
METC
RAMACO RES INC
|
Basic Materials | 0.00% | 0.45% |
Sold All 😨
(Was: #53) |
0.0 | -561,400 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTU
PEABODY ENERGY ...
|
Energy | 0.00% | 0.36% |
Sold All 😨
(Was: #55) |
0.0 | -571,300 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FRO
FRONTLINE PLC
|
Energy | 0.00% | 0.34% |
Sold All 😨
(Was: #56) |
0.0 | -626,500 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CDE
COEUR MNG INC
|
Basic Materials | 0.00% | 0.33% |
Sold All 😨
(Was: #57) |
0.0 | -725,600 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTDR
BITDEER TECHNOL...
|
Technology | 0.00% | 0.25% |
Sold All 😨
(Was: #59) |
0.0 | -601,700 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HCC
WARRIOR MET COA...
|
Basic Materials | 0.00% | 0.17% |
Sold All 😨
(Was: #63) |
0.0 | -108,569 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNQ
CANADIAN NAT RE...
|
Energy | 0.00% | 0.13% |
Sold All 😨
(Was: #64) |
0.0 | -168,463 | -100.0% |
CLOSED
|
— | $— | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SOC
SABLE OFFSHORE ...
|
Energy | 0.00% | 0.06% |
Sold All 😨
(Was: #66) |
0.0 | -138,800 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ITRI
ITRON INC
|
Technology | 0.00% | 0.02% |
Sold All 😨
(Was: #70) |
0.0 | -5,075 | -100.0% |
CLOSED
|
— | $— | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 96 holdings