Merewether Investment Management, LP

Q1 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
3/31/2025
Date filed
5/15/2025
Form type
13F-HR
Num holdings
54
Total value ($000)
$2,753,416
Net value change ($000)
+249,014 (9.9%)
New positions
17
Sold out positions
15
Turnover %
36.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/14/2025 Next filing: 8/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SU 133,202 NEW
OVV 78,361 NEW
XOM 68,026 160.8%
NEM 50,717 NEW
AHC 48,494 NEW
CNP 46,795 NEW
MTZ 42,206 90.5%
TXNM 39,934 NEW
FCX 39,242 NEW
CNQ 39,092 203.0%
Top Reduces (Value $000, Stocks/ETFs)
COP -93,549 -67.2%
TRP -87,420 -53.3%
NGG -62,597 -100.0%
CVX -53,865 -100.0%
FLEX -47,681 -76.0%
SOBO -46,048 -100.0%
PSX -44,289 -100.0%
VNOM Sub, Inc. -42,954 -100.0%
TRGP -37,189 -22.2%
WLK -31,372 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type