Merewether Investment Management, LP

Q4 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
77
Total value ($000)
$4,348,191
Net value change ($000)
+168,117 (4.0%)
New positions
26
Sold out positions
19
Turnover %
38.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
WMB 140,718 NEW
BP 104,471 NEW
PRIM 97,040 NEW
FCX 96,978 NEW
Q 71,693 NEW
OVV 71,034 100.7%
LNG 57,754 577.0%
CTRA 54,575 NEW
GM 51,500 NEW
VST 45,679 248.0%
Top Reduces (Value $000, Stocks/ETFs)
NI -127,068 -100.0%
BKR -105,520 -100.0%
EQT -103,564 -69.6%
TLN -93,622 -91.3%
CVE -86,142 -71.0%
KMI -78,300 -100.0%
MTZ -60,843 -33.0%
VLO -49,606 -45.9%
DD -49,568 -49.7%
RIOT -47,765 -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