Equal-WT
WhaleScore 2.0
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MEREWETHER INVESTMENT MANAGEMENT, LP
DALLAS TX
Investment Advisor
Hedge Fund
Merewether Investment Management is based out of Dallas. Merewether Investment Management is a hedge fund with 15 clients and discretionary assets under management (AUM) of $4,276,316,598 (Form ADV from 2025-03-31). Their last reported 13F filing for Q1 2025 included $2,753,415,749 in managed 13F securities
and a top 10 holdings concentration of 41.81%. Merewether Investment Management's largest holding is Shell Plc with shares held of 2,381,806. Whalewisdom has at least 20 13F filings, and 2 13G filings The firm last filed a Form D notice of exempt offering of securities on 2021-05-12. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Pooled Investment Fund Interests
Business Description
Merewether's advisory services are tailored to achieve the investment objectives described in the Client’s confidential offering memorandum and governing documents. Merewether generally has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Clients or Fund Investors. Merewether does not tailor its advisory services to the individual needs of Fund Investors and does not accept Fund Investor imposed investment restrictions, but the Adviser may tailor its advisory services with respect to the individual needs of its Managed Account Clients.
Each advisory agreement with Managed Account Clients was separately negotiated and designed to suit the needs of the respective Client and its respective investment guidelines which may include restrictions on investing in certain securities or types of securities.
Investment Strategy
Merewether has four primary investment objectives and strategies. The first is to generate absolute returns by employing a long/short or long-only, energy-focused investment strategy. The Adviser will invest in securities issued by companies in the energy sector, including those involved in exploration or production of energy-related natural resources; those that provide products or services to the energy sector, midstream companies that provide transportation or processing of energy-related natural resources; downstream companies, companies involved in the electric vehicle value chain, or any other industrial company exposed to the energy sector. The second objective is to invest in these same sectors, while employing a long-only investment strategy.
The fourth strategy involves leveraging the fundamental analysis conducted in pursuit of the other strategies and applying it to investments in credit-related instruments. Merewether expects this will involve primarily debt securities but may include equities or equity options of capital structures of related companies and other financial instruments that provide direct or indirect exposure to the energy sector or credit markets.
Owners
- MEREWETHER MANAGEMENT GENPAR, LLC - GENERAL PARTNER
- YU, EDWARD, C - CHIEF OPERATING OFFICER
- SADDINGTON, RODNEY, W. J. - CHIEF EXECUTIVE OFFICER
- TEEPLE, JEREMY, ALEXANDER - DIRECTOR OF RESEARCH
- SINCLAIR, MATTHEW, JOHN - PARTNER AND PORTFOLIO MANAGER
- Ezell, Janice, Yllana - CHIEF FINANCIAL OFFICER AND CHIEF COMPLIANCE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| SU Suncor Energy, Inc | 4.84% |
| OVV Ovintiv Inc | 2.85% |
| XOM Exxon Mobil Corp. | 2.32% |
| NEM Newmont Corp | 1.84% |
| HES Hess Corporation | 1.76% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| COP Conoco Phillips | 3.9% |
| TRP TC Energy Corp | 3.77% |
| NGG National Grid Plc | 2.5% |
| CVX Chevron Corp. | 2.15% |
| FLEX Flex Ltd | 1.96% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| SHEL Shell Plc | 6.34% |
| VST Vistra Corp | 5.93% |
| SU Suncor Energy, Inc | 4.84% |
| TRGP Targa Resources Corp | 4.73% |
| XOM Exxon Mobil Corp. | 4.01% |
2025-03-31
13F Activity
| Market Value | $2.75b, Prior: $2.50b |
| Inflows (Outflows) as % of Total MV | +5.0347% |
| New Purchases | 17 stocks |
| Added To | 17 stocks |
| Sold out of | 15 stocks |
| Reduced holdings in | 19 stocks |
| Top 10 Holdings % | 41.81% |
| Turnover %[1] | 46.38% |
| Turnover Alt %[2] | 30.19% |
| Time Held Top 20 | 2.85 quarters |
| Time Held Top 10 | 2.4 quarters |
| Time Held All | 3.74 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31