Fund HoldingsMerewether Investment Management, LP

Total Portfolio Value
$5.31B
Total Bought
$2.01B
Total Sold
$1.77B
Net Transaction
+$241.46M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
DEVON ENERGY CORP NEW(DVN)06,561,677+6,561,6770271,1285.11%+271,128
PHILLIPS 66(PSX)82,300967,351+885,05114,993163,5313.08%+148,537
ALLIANT ENERGY CORP(LNT)01,412,803+1,412,8030107,7832.03%+107,783
HALLIBURTON CO(HAL)02,668,794+2,668,794090,6061.71%+90,606
ENTERGY CORP NEW(ETR)1,094,5421,787,604+693,062122,983205,3243.87%+82,341
WESCO INTL INC(WCC)0233,424+233,424080,6321.52%+80,632
MADISON AIR SOLUTIONS CORP01,943,728+1,943,728075,8051.43%+75,805
INNIO NV01,788,900+1,788,900070,7511.33%+70,751
RALLIANT CORP(RAL)1,112,2501,526,211+413,96146,258112,3752.12%+66,116
TENARIS S A(TS)01,130,692+1,130,692062,7421.18%+62,742
TALEN ENERGY CORP(TLN)0154,750+154,750059,4641.12%+59,464
WEATHERFORD INTL PLC(WFRD)0699,412+699,412057,0021.07%+57,002
BORGWARNER INC0801,595+801,595053,2261.00%+53,226
METHANEX CORP(MEOH)01,130,053+1,130,053052,1520.98%+52,152
FLEX LTD(FLEX)0275,600+275,600044,6660.84%+44,666
COMFORT SYS USA INC(FIX)22,35136,660+14,30930,82272,6581.37%+41,836
WILLIAMS COS INC(WMB)1,668,4282,182,992+514,564121,428162,2843.06%+40,855
BLACK HILLS CORP0455,327+455,327033,8760.64%+33,876
CIPHER DIGITAL INC(CIFR)01,371,500+1,371,500033,6020.63%+33,602
VISTRA CORP(VST)1,115,6211,265,438+149,817167,711200,7363.78%+33,025
ECOLAB INC(ECL)0118,300+118,300032,9600.62%+32,960
SOLSTICE ADVANCED MATLS INC(SOLS)642,451910,394+267,94348,92980,6611.52%+31,732
LEGENCE CORP(LGN)726,336852,658+126,32241,00972,6721.37%+31,663
CRH PLC
ORD
338,119626,927+288,80835,54367,0811.26%+31,538
SUNOCOCORP LLC(SUNC)0456,100+456,100030,8640.58%+30,864
TECHNIPFMC PLC(FTI)836,2831,296,300+460,01757,81285,9451.62%+28,132
LINCOLN ELEC HLDGS INC(LECO)93,508189,326+95,81823,29150,2680.95%+26,977
DT MIDSTREAM INC(DTM)835,006946,016+111,010112,450138,8182.62%+26,368
HUT 8 CORP(HUT)114,909269,217+154,3085,39031,0800.59%+25,689
BARRICK MNG CORP(B)0604,634+604,634022,2080.42%+22,208
ARCELORMITTAL SA LUXEMBOURG(MT)28,173391,406+363,2331,42723,5590.44%+22,132
EAGLEROCK LD LLC0873,238+873,238018,5560.35%+18,556
JAMES HARDIE INDS PLC
ORD SHS
1,957,8302,064,029+106,19937,08154,0361.02%+16,955
EQT CORP(EQT)1,069,8501,577,324+507,47468,08583,8661.58%+15,781
SELECT WATER SOLUTIONS INC(WTTR)2,889,0002,955,888+66,88844,20259,0591.11%+14,857
LITHIUM ARGENTINA AG(LAR)01,540,027+1,540,027012,7360.24%+12,736
TREKOR METALS LTD01,500,000+1,500,000010,3200.19%+10,320
MASTEC INC(MTZ)223,061190,236-32,82571,76879,1501.49%+7,382
NEXTPOWER INC133,207194,705+61,49816,05823,1970.44%+7,139
TAMBORAN RES CORP(TBN)68,879294,477+225,5983,4439,5730.18%+6,130
GENERAL MTRS CO(GM)26,628104,725+78,0971,9848,0720.15%+6,088
ENERGY TRANSFER L P(ET)516,200835,800+319,6009,96315,9800.30%+6,018
X-ENERGY INC0224,312+224,31204,1180.08%+4,118
CENTERPOINT ENERGY INC(CNP)2,952,4052,983,658+31,253127,426131,4002.48%+3,974
DUPONT DE NEMOURS INC028,357+28,35703,8460.07%+3,846
NVENT ELEC PLC(NVT)950,331677,859-272,472112,405114,9722.17%+2,567
EXXON MOBIL CORP233,262302,662+69,40039,57541,3800.78%+1,805
CENTURY ALUM CO(CENX)514,800693,537+178,73730,21431,9100.60%+1,696
DPC HOLDINGS PLC025,000+25,00001,2270.02%+1,227
BAKER HUGHES COMPANY(BKR)173,400210,451+37,05110,58611,6800.22%+1,094
SENSATA TECHNOLOGIES HLDG PL
SHS
1,796,6421,317,795-478,84763,27862,9121.19%-366
TERAWULF INC(WULF)35,9120-35,9125180-518
ATMOS ENERGY CORP(ATO)71,50973,124+1,61513,20912,5970.24%-612
FRANCO NEV CORP(FNV)144,000167,712+23,71235,57534,9580.66%-617
BKV CORP(BKV)1,646,7731,673,695+26,92246,96645,7920.86%-1,174
GARRETT MOTION INC(GTX)78,3630-78,3631,4240-1,424
ALBEMARLE CORP(ALB)9,6400-9,6401,7310-1,731
MARATHON PETE CORP(MPC)310,500288,592-21,90875,81873,7841.39%-2,034
STANDARD LITHIUM CORP(SLI)3,972,3964,057,435+85,03913,54611,1580.21%-2,388
QNITY ELECTRONICS INC(Q)433,284283,819-149,46549,99246,3500.87%-3,642
DUPONT DE NEMOURS INC(DD)85,4600-85,4603,9140-3,914
CELANESE CORP DEL(CE)74,6000-74,6004,9060-4,906
FLOWSERVE CORP(FLS)75,1000-75,1005,5210-5,521
CENOVUS ENERGY INC(CVE)4,771,6004,871,447+99,847126,591120,8612.28%-5,730
SEADRILL LTD(SDRL)867,338886,747+19,40939,46433,5370.63%-5,927
IAMGOLD CORP(IAG)2,953,5423,017,051+63,50955,58647,7900.90%-7,796
ARIS MINING CORPORATION(ARIS)1,396,3961,202,125-194,27125,92017,9100.34%-8,010
DENISON MINES CORP(DNN)4,208,1601,948,152-2,260,00814,8555,9610.11%-8,893
CENTERRA GOLD INC(CGAU)2,264,5231,873,130-391,39340,14629,6750.56%-10,471
TOTALENERGIES SE(TTE)949,800971,338+21,53886,41375,5311.42%-10,882
OLIN CORP(OLN)623,3770-623,37718,5330-18,533
PERMIAN RESOURCES CORP(PR)6,148,5156,112,296-36,219131,086112,5272.12%-18,559
NUCOR CORP(NUE)293,114129,793-163,32149,56628,9110.54%-20,654
CORE NATURAL RESOURCES INC(CNR)726,634687,465-39,16976,10055,0111.04%-21,089
CONOCOPHILLIPS(COP)522,192459,835-62,35768,92947,8040.90%-21,125
WESTLAKE CORPORATION(WLK)219,90053,439-166,46125,6893,9010.07%-21,788
PAR PAC HOLDINGS INC(PARR)369,4650-369,46523,1430-23,143
OVINTIV INC(OVV)4,283,3144,361,717+78,403254,258229,6444.33%-24,613
LIBERTY ENERGY INC(LBRT)1,031,575189,399-842,17629,7094,9600.09%-24,749
CAMECO CORP(CCJ)233,8100-233,81025,3940-25,394
TARGA RES CORP(TRGP)648,440502,928-145,512162,583134,8552.54%-27,728
HF SINCLAIR CORP(DINO)1,054,435504,845-549,59065,78635,1620.66%-30,624
PATTERSON-UTI ENERGY INC(PTEN)3,003,3240-3,003,32432,5260-32,526
FREEPORT MCMORAN INC(FCX)998,764374,286-624,47858,70723,5390.44%-35,169
NOBLE CORP PLC(NE)779,2150-779,21538,2360-38,236
BUNGE GLOBAL SA(BG)1,118,543965,795-152,748142,279103,0791.94%-39,199
CUMMINS INC(CMI)73,5280-73,52839,5600-39,560
CHENIERE ENERGY INC(LNG)459,471377,399-82,072130,37990,2021.70%-40,177
ANTERO RESOURCES CORP(AR)951,2000-951,20040,3690-40,369
DARLING INGREDIENTS INC(DAR)3,324,5233,002,575-321,948205,622164,0013.09%-41,621
EXPAND ENERGY CORPORATION(EXE)431,6900-431,69047,3910-47,391
DIAMONDBACK ENERGY INC(FANG)266,0650-266,06552,6250-52,625
LYONDELLBASELL INDUSTRIES NV
SHS - A -
654,6870-654,68752,7420-52,742
SUNCOR ENERGY INC NEW(SU)3,103,8512,814,167-289,684205,228151,2552.85%-53,974
VENTURE GLOBAL INC(VG)4,154,3000-4,154,30065,4720-65,472
XCEL ENERGY INC(XEL)1,531,542654,993-876,549121,66652,5960.99%-69,070
PRIMORIS SVCS CORP(PRIM)674,839211,913-462,92696,52921,0050.40%-75,524
BP PLC(BP)3,541,3971,842,007-1,699,390166,44668,0621.28%-98,383
HUBBELL INC(HUBB)216,3370-216,337106,1650-106,165
NRG ENERGY INC(NRG)890,9060-890,906130,1970-130,197
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