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Merewether Investment Management, LP

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13F filer, CIK 1736852, DALLAS, TX

Merewether Investment Management, LP reported $4,348,190,973 across 77 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 33.04% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-000568

Period
2025-12-31
Reported value
$4.35B
Holdings
77
Top 10 weight
33.04%
New
26
Sold out
19

Largest buys vs the previous quarter

SecurityShares changeApprox. value
WMBnew+2,341,000$141M
BPnew+3,008,100$104M
PRIMnew+781,700$97M
FCXnew+1,909,400$97M
OVVadded+1,865,600$73.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NIexited-2,934,594-$127M
BKRexited-2,165,846-$106M
EQTreduced-1,889,800-$101M
CVEreduced-5,061,631-$85.6M
TLNreduced-217,251-$81.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001420506-26-000568, largest first. % of portfolio is the value over $4,348,190,973, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,419,507 shares; 2025Q1: 1,184,164 shares; 2025Q2: 1,224,300 shares; 2025Q3: 2,148,000 shares; 2025Q4: 1,796,900 shares 1,796,900$166M3.82%-351,100Timeline
XELXCEL ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 984,700 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 945,110 shares; 2025Q3: 1,763,910 shares; 2025Q4: 2,167,710 shares 2,167,710$160M3.68%+403,800Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 499,891 shares; 2025Q1: 664,682 shares; 2025Q2: 641,875 shares; 2025Q3: 1,517,475 shares; 2025Q4: 1,329,075 shares 1,329,075$147M3.37%-188,400Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,439,415 shares; 2025Q2: 3,127,704 shares; 2025Q3: 3,681,304 shares; 2025Q4: 3,277,504 shares 3,277,504$145M3.35%-403,800Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,830,865 shares; 2025Q2: 2,146,196 shares; 2025Q3: 1,747,097 shares; 2025Q4: 3,612,697 shares 3,612,697$142M3.26%+1,865,600Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,341,000 shares 2,341,000$141M3.24%newTimeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 855,593 shares; 2024Q4: 937,521 shares; 2025Q1: 649,263 shares; 2025Q2: 992,582 shares; 2025Q3: 798,177 shares; 2025Q4: 749,577 shares 749,577$138M3.18%-48,600Timeline
SRESEMPRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 397,501 shares; 2025Q2: 1,676,932 shares; 2025Q3: 1,949,432 shares; 2025Q4: 1,547,132 shares 1,547,132$137M3.14%-402,300Timeline
NVTNVENT ELEC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,010 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,067,874 shares; 2025Q3: 1,699,674 shares; 2025Q4: 1,335,574 shares 1,335,574$136M3.13%-364,100Timeline
DTMDT MIDSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 37,600 shares; 2025Q2: 342,200 shares; 2025Q3: 1,000,600 shares; 2025Q4: 1,042,600 shares 1,042,600$125M2.87%+42,000Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 342,383 shares; 2025Q1: 761,016 shares; 2025Q2: 542,740 shares; 2025Q3: 867,240 shares; 2025Q4: 569,140 shares 569,140$124M2.85%-298,100Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 530,726 shares; 2025Q4: 765,626 shares 765,626$122M2.8%+234,900Timeline
CNPCENTERPOINT ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,291,600 shares; 2025Q2: 1,343,863 shares; 2025Q3: 2,493,500 shares; 2025Q4: 2,897,000 shares 2,897,000$111M2.55%+403,500Timeline
BPBP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,008,100 shares 3,008,100$104M2.4%newTimeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 921,700 shares; 2025Q4: 1,132,700 shares 1,132,700$101M2.32%+211,000Timeline
PRIMPRIMORIS SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 104,131 shares; 2025Q3: not reported; 2025Q4: 781,700 shares 781,700$97M2.23%newTimeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,036,500 shares; 2025Q2: 918,156 shares; 2025Q3: not reported; 2025Q4: 1,909,400 shares 1,909,400$97M2.23%newTimeline
FANGDIAMONDBACK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 556,539 shares; 2024Q4: 219,959 shares; 2025Q1: 200,673 shares; 2025Q2: 423,650 shares; 2025Q3: 508,750 shares; 2025Q4: 640,250 shares 640,250$96.2M2.21%+131,500Timeline
PRPERMIAN RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,689,349 shares; 2024Q4: 3,621,015 shares; 2025Q1: 5,861,351 shares; 2025Q2: 5,404,237 shares; 2025Q3: 8,836,137 shares; 2025Q4: 6,263,137 shares 6,263,137$87.9M2.02%-2,573,000Timeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 322,936 shares; 2024Q4: 181,328 shares; 2025Q1: 51,356 shares; 2025Q2: 198,600 shares; 2025Q3: 420,700 shares; 2025Q4: 325,100 shares 325,100$84.9M1.95%-95,600Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 307,243 shares; 2024Q4: 393,351 shares; 2025Q1: 927,767 shares; 2025Q2: 700,393 shares; 2025Q3: 693,893 shares; 2025Q4: 701,493 shares 701,493$84.4M1.94%+7,600Timeline
QQNITY ELECTRONICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 878,048 shares 878,048$71.7M1.65%newTimeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,500 shares; 2024Q4: 28,500 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 42,600 shares; 2025Q4: 348,600 shares 348,600$67.8M1.56%+306,000Timeline
FTITECHNIPFMC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 976,555 shares; 2024Q4: 485,379 shares; 2025Q1: 1,387,519 shares; 2025Q2: 487,338 shares; 2025Q3: 1,544,135 shares; 2025Q4: 1,511,128 shares 1,511,128$67.3M1.55%-33,007Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 879,979 shares; 2024Q4: 975,142 shares; 2025Q1: 1,390,884 shares; 2025Q2: 1,315,536 shares; 2025Q3: 94,022 shares; 2025Q4: 397,322 shares 397,322$64.1M1.47%+303,300Timeline
VLOVALERO ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,843 shares; 2024Q4: 300,672 shares; 2025Q1: 361,468 shares; 2025Q2: 531,431 shares; 2025Q3: 634,731 shares; 2025Q4: 359,131 shares 359,131$58.5M1.34%-275,600Timeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 962,500 shares; 2025Q3: 2,647,300 shares; 2025Q4: 1,331,000 shares 1,331,000$58M1.33%-1,316,300Timeline
IAGIAMGOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,366,900 shares; 2025Q2: 5,018,690 shares; 2025Q3: 3,432,590 shares; 2025Q4: 3,335,790 shares 3,335,790$55M1.27%-96,800Timeline
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 608,400 shares; 2025Q3: not reported; 2025Q4: 2,073,500 shares 2,073,500$54.6M1.26%newTimeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 215,800 shares; 2025Q4: 106,060 shares 106,060$54.1M1.25%-109,740Timeline
GMGENERAL MTRS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 633,300 shares 633,300$51.5M1.18%newTimeline
DDDUPONT DE NEMOURS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,279,700 shares; 2025Q4: 1,246,796 shares 1,246,796$50.1M1.15%-32,904Timeline
LGNLEGENCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,306,852 shares; 2025Q4: 1,134,422 shares 1,134,422$48.8M1.12%-172,430Timeline
AAALCOA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 37,500 shares; 2025Q4: 882,200 shares 882,200$46.9M1.08%+844,700Timeline
HUBBHUBBELL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 166,900 shares; 2025Q3: 198,000 shares; 2025Q4: 102,920 shares 102,920$45.7M1.05%-95,080Timeline
BKVBKV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 800,000 shares; 2024Q4: 814,335 shares; 2025Q1: 844,858 shares; 2025Q2: 876,517 shares; 2025Q3: 876,517 shares; 2025Q4: 1,676,217 shares 1,676,217$45.5M1.05%+799,700Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,720,000 shares; 2024Q4: 2,156,322 shares; 2025Q1: 1,683,257 shares; 2025Q2: 3,363,286 shares; 2025Q3: 2,735,086 shares; 2025Q4: 845,286 shares 845,286$45.3M1.04%-1,889,800Timeline
FIXCOMFORT SYS USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 69,395 shares; 2025Q3: 4,169 shares; 2025Q4: 46,349 shares 46,349$43.3M0.99%+42,180Timeline
AYIACUITY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 147,100 shares; 2025Q4: 116,000 shares 116,000$41.8M0.96%-31,100Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,096,600 shares 3,096,600$41.1M0.95%newTimeline
ATOATMOS ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 343,343 shares; 2025Q1: 334,694 shares; 2025Q2: 348,536 shares; 2025Q3: 72,936 shares; 2025Q4: 238,236 shares 238,236$39.9M0.92%+165,300Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,544,764 shares; 2024Q4: 2,262,997 shares; 2025Q1: 2,381,806 shares; 2025Q2: 2,446,621 shares; 2025Q3: 750,821 shares; 2025Q4: 539,421 shares 539,421$39.6M0.91%-211,400Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,896,198 shares; 2024Q4: 4,311,674 shares; 2025Q1: 3,681,626 shares; 2025Q2: 6,090,722 shares; 2025Q3: 7,138,222 shares; 2025Q4: 2,076,591 shares 2,076,591$35.1M0.81%-5,061,631Timeline
CTRICENTURI HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,344,000 shares 1,344,000$33.9M0.78%newTimeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 265,694 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 203,900 shares 203,900$33.3M0.76%newTimeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 159,800 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 353,200 shares; 2025Q3: 543,200 shares; 2025Q4: 857,300 shares 857,300$32.9M0.76%+314,100Timeline
CGAUCENTERRA GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,253,100 shares 2,253,100$32.4M0.75%newTimeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 22,000 shares; 2025Q2: 20,614 shares; 2025Q3: 20,614 shares; 2025Q4: 878,114 shares 878,114$31.6M0.73%+857,500Timeline
STSENSATA TECHNOLOGIES HLDG PLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 709,600 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 904,600 shares 904,600$30.1M0.69%newTimeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 339,400 shares 339,400$30M0.69%newTimeline
GTXGARRETT MOTION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,980,200 shares; 2025Q4: 1,686,100 shares 1,686,100$29.4M0.68%-1,294,100Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 269,167 shares; 2024Q4: 273,637 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 268,400 shares; 2025Q4: 388,100 shares 388,100$28.7M0.66%+119,700Timeline
ARISARIS MINING CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,913,400 shares; 2025Q4: 1,694,800 shares 1,694,800$27.5M0.63%-218,600Timeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 734,400 shares 734,400$25.8M0.59%newTimeline
GNRCGENERAC HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 265,899 shares; 2025Q3: 113,799 shares; 2025Q4: 188,946 shares 188,946$25.8M0.59%+75,147Timeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,983,648 shares; 2024Q4: 1,806,095 shares; 2025Q1: 1,923,539 shares; 2025Q2: 81,900 shares; 2025Q3: not reported; 2025Q4: 727,700 shares 727,700$25.1M0.58%newTimeline
WULFTERAWULF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,164,500 shares 2,164,500$24.9M0.57%newTimeline
WHDCACTUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 504,900 shares 504,900$23.1M0.53%newTimeline
LECOLINCOLN ELEC HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 94,800 shares 94,800$22.7M0.52%newTimeline
TGBTASEKO MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,672,900 shares 3,672,900$20.8M0.48%newTimeline
JHXJAMES HARDIE INDS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 876,600 shares 876,600$18.2M0.42%newTimeline
HUTHUT 8 CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 393,600 shares 393,600$18.1M0.42%newTimeline
SLISTANDARD LITHIUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,037,000 shares 4,037,000$18M0.42%newTimeline
LBRTLIBERTY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,847,214 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 951,092 shares 951,092$17.6M0.4%newTimeline
WBIWATERBRIDGE INFRASTRUCTURE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 870,400 shares; 2025Q4: 870,400 shares 870,400$17.4M0.4%0Timeline
STNGSCORPIO TANKERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 686,361 shares; 2025Q4: 323,861 shares 323,861$16.5M0.38%-362,500Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 6,819,900 shares; 2025Q4: 5,903,300 shares 5,903,300$15.7M0.36%-916,600Timeline
EGOELDORADO GOLD CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 393,700 shares 393,700$14.1M0.33%newTimeline
KEXKIRBY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 234,500 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 122,300 shares 122,300$13.5M0.31%newTimeline
VNOMVIPER ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 697,582 shares; 2025Q4: 318,082 shares 318,082$12.3M0.28%-379,500Timeline
STLDSTEEL DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 189,800 shares; 2025Q4: 53,400 shares 53,400$9.05M0.21%-136,400Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 570,209 shares; 2024Q4: 245,208 shares; 2025Q1: 141,633 shares; 2025Q2: 273,159 shares; 2025Q3: 241,159 shares; 2025Q4: 23,908 shares 23,908$8.96M0.21%-217,251Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 544,700 shares; 2024Q4: 582,723 shares; 2025Q1: 162,320 shares; 2025Q2: 170,554 shares; 2025Q3: 88,854 shares; 2025Q4: 88,854 shares 88,854$8.13M0.19%0Timeline
NXTNEXTPOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 155,715 shares; 2025Q3: 280,875 shares; 2025Q4: 88,975 shares 88,975$7.75M0.18%-191,900Timeline
TBNTAMBORAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 70,000 shares 70,000$1.91M0.04%newTimeline
ALVAUTOLIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,400 shares; 2024Q4: 6,400 shares; 2025Q1: 6,400 shares; 2025Q2: 6,400 shares; 2025Q3: 6,400 shares; 2025Q4: 6,400 shares 6,400$760K0.02%0Timeline
VCVISTEON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 70,700 shares; 2025Q4: 5,200 shares 5,200$495K0.01%-65,500Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NINISOURCE INC2,934,594$127Mshares
BKRBAKER HUGHES COMPANY2,165,846$106Mshares
KMIKINDER MORGAN INC DEL2,765,800$78.3Mshares
RIOTRIOT PLATFORMS INC2,510,000$47.8Mshares
CVXCHEVRON CORPORATION240,000$37.3Mshares
DINOHF SINCLAIR CORP682,400$35.7Mshares
CMCCOMMERCIAL METALS CO468,700$26.8Mshares
ECGEVERUS CONSTR GROUP289,700$24.8Mshares
COPXGLOBAL X FDS379,500$22.7Mshares
MOSMOSAIC CO634,800$22Mshares
METCRAMACO RES INC561,400$18.6Mshares
BTUPEABODY ENGR CORP571,300$15.2Mshares
FROFRONTLINE PLC626,500$14.3Mshares
CDECOEUR MNG INC725,600$13.6Mshares
BTDRBITDEER TECHNOLOGIES GROUP601,700$10.3Mshares
HCCWARRIOR MET COAL INC108,569$6.91Mshares
CNQCANADIAN NAT RES LTD MED TER168,463$5.38Mshares
SOCSABLE OFFSHORE CORP138,800$2.42Mshares
ITRIITRON INC5,075$632Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-26-000568 base2026-02-17acceptance time not in the bulk data set