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Merewether Investment Management LP
Michael Slocum · Hedge Fund · Value
Merewether Investment Management LP is a Texas-based investment management firm that provides discretionary investment advisory services to private funds and institutional clients. Founded with a focus on rigorous fundamental research, the firm specializes in constructing concentrated portfolios of high-conviction investments, primarily within the public equity markets. The institution is known for its disciplined approach to capital allocation and its commitment to identifying undervalued assets with significant long-term growth potential, often focusing on companies undergoing structural changes or sector-specific shifts. Based in Frisco, Texas, the firm maintains a boutique structure that allows for deep-dive analysis into complex corporate situations and idiosyncratic market opportunities.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +27.9% |
| YTD return | +24.8% |
| Sharpe ratio | 3.34 |
| Win rate | 62% |
| AUM | $3.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 3, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $3.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.merewether.com |
Current Holdings
Updated on Sep 3, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| DVN | Devon Energy Corporation | 10.4% | +3.0% |
| OVV | Ovintiv Inc | 9.5% | +24.8% |
| PSX | Phillips 66 | 8.0% | +4.4% |
| ETR | Entergy Corporation | 6.4% | +9.1% |
| DAR | Darling Ingredients Inc | 6.4% | +12.3% |
| VST | Vistra Energy Corp | 5.9% | -7.4% |
| WMB | Williams Companies Inc | 5.5% | +1.5% |
| TRGP | Targa Resources Inc | 4.9% | +68.7% |
| PR | Permian Resources Corporation | 4.7% | +67.1% |
| DTM | DT Midstream Inc | 4.2% | +10.0% |
| CNP | CenterPoint Energy Inc | 4.0% | +0.3% |
| BG | Bunge Limited | 3.7% | +23.1% |
| LNG | Cheniere Energy Inc | 3.6% | +20.2% |
| MPC | Marathon Petroleum Corp | 3.6% | +44.4% |
| NVT | nVent Electric PLC | 3.5% | +38.9% |
| FTI | TechnipFMC PLC | 3.3% | +5.6% |
| LNT | Alliant Energy Corp | 3.3% | -0.0% |
| HAL | Halliburton Company | 3.2% | +3.1% |
| RAL | Ralliant Corporation Common Stock | 3.2% | +1.7% |
| EQT | EQT Corporation | 2.9% | +1.9% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | WMB | 4.5% → 5.5% |
| Aug 31, 2026 | SELL | PR | 4.8% → 4.7% |
| Aug 31, 2026 | SELL | TTE | 3.0% → 0.0% |
| Aug 31, 2026 | BUY | DTM | 4.1% → 4.2% |
| Aug 31, 2026 | SELL | XEL | 4.4% → 0.0% |
Investment Style Analysis
Merewether Investment Management LP is widely recognized for employing a Value strategy. As of Sep 3, 2026, the firm oversees approximately $3.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Oil & Gas E&P and Oil & Gas Midstream sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Merewether Investment Management LP made a significant move by increasing exposure to WMB. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The investment philosophy of Merewether Investment Management is rooted in fundamental, bottom-up research and a long-term time horizon. The firm seeks to invest in businesses that possess durable competitive advantages and are led by capable management teams with a track record of efficient capital allocation. Merewether emphasizes a deep understanding of corporate governance and industry dynamics, often targeting idiosyncratic opportunities where market mispricing exists due to complexity, neglect, or short-term sentiment. By maintaining a concentrated portfolio, the firm focuses its resources on its highest-conviction ideas, aiming to generate superior risk-adjusted returns by investing at a significant margin of safety relative to intrinsic value.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Merewether Investment Management LP.
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Frequently asked questions
How is the simulated portfolio for Merewether Investment Management LP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Merewether Investment Management LP's largest holding?
As of the latest filing, Merewether Investment Management LP's top position is Devon Energy Corporation (DVN), representing 10.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is Merewether Investment Management LP's historical performance and risk profile?
Our simulation indicates a total return of +27.9% with a win rate of 62%. Notably, the portfolio maintains a Sharpe Ratio of 3.34, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Merewether Investment Management LP primarily invest in?
Merewether Investment Management LP has a strong preference for the Oil & Gas E&P sector, which makes up 27.5% of their disclosed assets. The portfolio also has exposure to Oil & Gas Midstream, indicating a specific thematic focus.
Is Merewether Investment Management LP's portfolio concentrated or diversified?
Merewether Investment Management LP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 27.8% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Merewether Investment Management LP performed in 2026?
Our AI-simulated model portfolio for Merewether Investment Management LP tracks a Year-to-Date (YTD) return of +24.8%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Michael Slocum manage Merewether Investment Management LP directly?
Yes, Michael Slocum serves as the key portfolio manager for Merewether Investment Management LP, overseeing the investment strategy and final capital allocation decisions.