Merewether Investment Management, LP

Q3 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
70
Total value ($000)
$4,180,074
Net value change ($000)
+707,968 (20.4%)
New positions
26
Sold out positions
19
Turnover %
34.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
DD 99,689 NEW
ETR 98,408 96.7%
MTZ 92,058 99.5%
CMI 91,147 NEW
NVT 89,434 114.3%
BKR 87,456 484.1%
EXE 86,156 114.8%
NRG 85,951 NEW
XEL 77,897 121.0%
DTM 75,517 200.8%
Top Reduces (Value $000, Stocks/ETFs)
VST -236,543 -92.8%
SHEL -118,561 -68.8%
PNW -65,687 -100.0%
GEV -64,745 -100.0%
KMI -60,177 -43.5%
CNQ -51,653 -90.6%
MOS -50,365 -69.6%
EQT -47,276 -24.1%
FLS -46,555 -100.0%
ATO -41,259 -76.8%
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