Merewether Investment Management, LP
SEC Form 13F institutional filer · CIK 0001736852
13F-HR · 31 reported holdings · 2026-03-31
Hedge fund manager.
Reported long-US-equity value
$2.12B
Top-10 concentration
63.3%
Merewether Investment Management, LP — $2.12B AUM allocation strategy
Merewether Investment Management, LP files SEC Form 13F and reports $2.12B of long US equity value across 31 reported holdings for 2026-03-31.
Its largest sector bet is Utilities 38.2%, followed by Energy 28.3% and Materials 7.6%.
The top 10 holdings account for 63% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Merewether Investment Management, LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.12B
total across 31 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
63% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$VST +718K sh · +$104M+$EQT +225K sh · +$22.8M+$NRG +125K sh · +$8.28M
Biggest trims (shares)
−$DD −1.16M sh · −$46.2M−$FCX −911K sh · −$38.3M−$EXE −897K sh · −$99.3M
Exited to nil (held last quarter, gone now)
$FSLR ($84.9M last qtr)$VLO ($58.5M last qtr)$SLB ($32.9M last qtr)$GNRC ($25.8M last qtr)$STLD ($9.05M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Utilities18.2%—
- Electric Utilities13.7%—
- Oil & Gas Storage & Transportation13.5%—
- Oil & Gas Exploration & Production11.2%—
- Agricultural Products & Services6.7%—
- Independent Power Producers & Energy Traders6.1%—
- Industrial Machinery & Supplies & Components5.1%—
- Oil & Gas Refining & Marketing3.6%—
- Other holdings21.9%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $VST | Vistra Corp | 1.12M | $168M | +718K | 7.9% |
| $TRGP | Targa Resources Inc | 648K | $163M | -101K | 7.7% |
| $BG | Bunge Limited | 1.12M | $142M | -14.2K | 6.7% |
| $SRE | DBA Sempra | 1.41M | $137M | -134K | 6.5% |
| $NRG | NRG Energy Inc | 891K | $130M | +125K | 6.2% |
| $CNP | CenterPoint Energy Inc | 2.95M | $127M | +55.4K | 6.0% |
| $ETR | Entergy Corporation | 1.09M | $123M | -702K | 5.8% |
| $XEL | Xcel Energy Inc | 1.53M | $122M | -636K | 5.8% |
| $WMB | Williams Companies Inc | 1.67M | $121M | -673K | 5.7% |
| $HUBB | Hubbell Inc | 216K | $106M | +113K | 5.0% |
…and 21 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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