Merewether Investment Management, L.P. 13F annual report

Merewether Investment Management, L.P. is an investment fund managing more than $1.9 trillion ran by Janice Ezell. There are currently 44 companies in Mrs. Ezell’s portfolio. The largest investments include Vistra Corp and Ge Vernova Inc, together worth $292 billion.

Limited to 30 biggest holdings

$1.9 trillion Assets Under Management (AUM)

As of 7th August 2024, Merewether Investment Management, L.P.’s top holding is 1,917,601 shares of Vistra Corp currently worth over $165 billion and making up 8.7% of the portfolio value. Relative to the number of outstanding shares of Vistra Corp, Merewether Investment Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 743,416 shares of Ge Vernova Inc worth $128 billion. The third-largest holding is Diamondback Inc worth $120 billion and the next is TC worth $113 billion, with 2,970,600 shares owned.

Currently, Merewether Investment Management, L.P.'s portfolio is worth at least $1.9 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Merewether Investment Management, L.P.

The Merewether Investment Management, L.P. office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Janice Ezell serves as the CFO/CCO at Merewether Investment Management, L.P..

Recent trades

In the most recent 13F filing, Merewether Investment Management, L.P. revealed that it had opened a new position in Ge Vernova Inc and bought 743,416 shares worth $128 billion.

The investment fund also strengthened its position in Vistra Corp by buying 869,206 additional shares. This makes their stake in Vistra Corp total 1,917,601 shares worth $165 billion. Vistra Corp soared 165.3% in the past year.

On the other hand, there are companies that Merewether Investment Management, L.P. is getting rid of from its portfolio. Merewether Investment Management, L.P. closed its position in Halliburton Co on 14th August 2024. It sold the previously owned 1,736,317 shares for $68.3 billion. Janice Ezell also disclosed a decreased stake in Targa Res Corp by 0.2%. This leaves the value of the investment at $96.3 billion and 747,693 shares.

One of the largest hedge funds

The two most similar investment funds to Merewether Investment Management, L.P. are Rockland Trust Co and Joel Isaacson & Co. They manage $1.9 trillion and $1.89 trillion respectively.


Janice Ezell investment strategy

Merewether Investment Management, L.P.’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Energy — making up 50.1% of the total portfolio value. The fund focuses on investments in the United States as 43.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 36% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $43.4 billion.

The complete list of Merewether Investment Management, L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Vistra Corp
82.91%
1,917,601
$164,875,334,000 8.70%
Ge Vernova Inc
Opened
743,416
$127,503,278,000 6.73%
Diamondback Energy Inc
2,997.02%
597,539
$119,621,332,000 6.31%
TC Energy Corporation
Opened
2,970,600
$112,617,651,000 5.94%
Cenovus Energy Inc
28.65%
5,135,798
$100,969,789,000 5.33%
Targa Res Corp
22.63%
747,693
$96,287,905,000 5.08%
Antero Resources Corp
738.32%
2,943,948
$96,061,023,000 5.07%
Permian Resources Corp
Opened
5,900,449
$95,292,251,000 5.03%
TechnipFMC plc
Opened
3,259,087
$85,225,125,000 4.50%
Shell Plc
7.82%
1,095,764
$79,092,246,000 4.17%
Flex Ltd
Opened
2,468,900
$72,807,861,000 3.84%
EQT Corp
Opened
1,878,100
$69,452,138,000 3.66%
Halliburton Co.
Closed
1,736,317
$68,324,074,000
Weatherford Intl Plc
31.70%
549,803
$67,323,377,000 3.55%
Public Svc Enterprise Grp In
Opened
862,300
$63,551,510,000 3.35%
Conocophillips
Closed
453,235
$53,481,730,000
Marathon Oil Corporation
Closed
1,946,935
$52,703,530,000
NextEra Energy Inc
Closed
589,339
$49,268,740,000
Chevron Corp.
Opened
293,700
$45,940,554,000 2.42%
Chord Energy Corporation
Closed
325,311
$44,505,798,000
Schlumberger Ltd.
16.41%
910,500
$42,957,390,000 2.27%
Suncor Energy, Inc.
31.75%
1,109,400
$42,268,140,000 2.23%
Solaredge Technologies Inc
Closed
137,738
$39,017,043,000
Veren Inc.
Opened
4,660,914
$36,681,393,000 1.94%
Bunge Limited
Closed
365,375
$36,453,464,000
Tenaris S.A.
Closed
992,388
$34,892,362,000
Exxon Mobil Corp.
54.96%
297,643
$34,264,662,000 1.81%
Westlake Corporation
Opened
223,366
$32,347,864,000 1.71%
Sunnova Energy International Inc
Closed
1,732,820
$31,208,088,000
Centerpoint Energy Inc.
Opened
1,006,700
$31,187,566,000 1.65%
Itron Inc.
Opened
311,171
$30,793,482,000 1.62%
Valero Energy Corp.
Opened
195,343
$30,621,969,000 1.62%
Marathon Pete Corp
Opened
156,000
$27,062,880,000 1.43%
Denbury Inc.
Closed
304,236
$26,474,617,000
Viper Energy Inc
Opened
700,000
$26,271,000,000 1.39%
Canadian Nat Res Ltd
46.73%
703,400
$25,041,040,000 1.32%
Array Technologies, Inc.
Closed
1,029,416
$19,898,611,000
Kirby Corp.
Opened
157,700
$18,881,421,000 1.00%
DuPont de Nemours Inc
Closed
259,800
$17,830,074,000
Kinetik Holdings Inc
Opened
422,800
$17,520,832,000 0.92%
AES Corp.
391.12%
949,100
$16,675,687,000 0.88%
Chesapeake Energy Corp.
Closed
174,705
$16,486,911,000
Mastec Inc.
Closed
167,300
$14,275,709,000
Teck Resources Ltd
Opened
281,831
$13,499,705,000 0.71%
Phinia Inc
Opened
342,200
$13,468,992,000 0.71%
Darling Ingredients Inc
Closed
211,300
$13,225,267,000
Enerplus Corporation
Closed
678,900
$11,973,810,000
Louisiana Pac Corp
Opened
123,180
$10,141,409,000 0.54%
Civitas Resources Inc
Opened
144,000
$9,936,000,000 0.52%
Warrior Met Coal Inc
Opened
146,400
$9,189,528,000 0.48%
First Solar Inc
Opened
29,536
$6,659,187,000 0.35%
Energy Transfer L P
905.36%
6,591,793
$6,448,552,000 0.34%
Expro Group Holdings Nv
Opened
264,184
$6,055,097,000 0.32%
Teekay Tankers Ltd
Opened
55,685
$3,831,685,000 0.20%
Cheniere Energy Inc.
310.00%
16,400
$2,867,212,000 0.15%
Nxp Semiconductors N V
Opened
4,300
$1,157,087,000 0.06%
NRG Energy Inc.
Opened
13,083
$1,018,642,000 0.05%
Lithium Amers Corp New
Opened
320,300
$858,404,000 0.05%
nVent Electric plc
Opened
10,710
$820,493,000 0.04%
Autoliv Inc.
Opened
3,700
$395,863,000 0.02%
Clearway Energy, Inc.
Closed
6,650
$211,936,000
No transactions found
Showing first 500 out of 61 holdings