CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

CIK

1329375

Location

DALLAS, TX

Portfolio Value

Mid $2,234,777,892

Diversification

Diversified

Filing Date

Global Rank

#1,259 / 8,700 ▲ 183

Top Industry

Oil & Gas Midstream 65.8%

Period ended 2 months ago

Filed Jul 28, 2026 · 47d

26 quarters · since Mar 2020

Portfolio Concentration

73 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.4%

−0.7 pts

Top 5

29.3%

−2.7 pts

Top 10

48.3%

−5.6 pts

HHI

325

Diversified−67

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	73.4%	$1,640,042,604	34
Industrials	9.9%	$221,019,185	7
Utilities	8.6%	$191,367,720	12
Technology	6.0%	$134,911,392	12
Communication Services	1.0%	$21,588,721	2
Real Estate	0.4%	$8,440,260	1
Financial Services	0.3%	$7,645,210	2
Consumer Cyclical	0.3%	$6,976,700	2
Basic Materials	0.1%	$2,786,100	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WTTR	Select Water Solutions, Inc.	+600,000	1,020,000	$20,379,600
WBI	WaterBridge Infrastructure LLC	+417,500	620,000	$21,247,400
PAGP	Plains Gp Holdings LP	+335,000	3,795,000	$92,104,650
EE	Excelerate Energy, Inc.	+325,000	650,000	$24,693,500
MWH	SOLV Energy, Inc.	+320,000	520,000	$17,706,000
SUNC	SunocoCorp LLC	+206,000	406,000	$27,474,020
WMB	Williams Companies, Inc.	+166,000	1,866,100	$138,725,874
LNG	Cheniere Energy, Inc.	+58,000	337,800	$80,737,578
AM	Antero Midstream Corp	+50,000	251,000	$5,710,250
PAA	Plains All American Pipeline LP	+50,000	105,300	$2,343,978
CIFR	Cipher Digital Inc.	+45,000	215,000	$5,267,500
NRG	Nrg Energy, Inc.	+42,200	212,700	$31,066,962
NXT	Nextpower Inc.	+38,000	181,000	$21,564,340
ETR	Entergy Corp /De/	+37,000	100,000	$11,486,000
SO	Southern Co	+35,000	80,000	$7,656,800
AEP	American Electric Power Co Inc	+35,000	60,000	$8,208,600
WEC	Wec Energy Group, Inc.	+32,000	67,000	$7,823,590
SEI	Solaris Energy Infrastructure, Inc.	+30,000	418,000	$33,632,280
DUK	Duke Energy CORP	+26,000	61,000	$7,721,380
CEG	Constellation Energy Corp	+24,300	107,000	$26,575,590
DY	Dycom Industries Inc	+16,000	52,000	$26,290,680
VST	Vistra Corp.	+14,400	198,000	$31,408,740
DLR	Digital Realty Trust, Inc.	+13,000	47,000	$8,440,260
MTZ	Mastec Inc	+11,900	82,800	$34,449,768
NET	Cloudflare, Inc.	+10,000	60,000	$14,716,800
No positions match the current search.

Trimmed

Positions the filer reduced

22 positions

Ticker	Company	Δ Shares	Shares	Value
KMI	Kinder Morgan, Inc.	−682,900	2,039,400	$65,199,618
WES	Western Midstream Partners, LP	−417,000	1,259,900	$55,133,224
APC	ARKO Petroleum Corp.	−412,451	300,000	$5,655,000
MPLX	Mplx LP	−244,500	1,614,600	$90,950,418
PBA	Pembina Pipeline Corp	−199,000	1,158,100	$53,562,125
EPD	Enterprise Products Partners L.P.	−180,000	1,565,500	$57,547,780
GEL	Genesis Energy LP	−144,000	7,000	$99,190
KNTK	Kinetik Holdings Inc.	−122,000	1,752,000	$84,691,680
PSX	Phillips 66	−107,000	73,100	$12,357,555
MPC	Marathon Petroleum Corp	−93,000	49,800	$12,732,366
OKE	Oneok Inc /New/	−84,000	985,900	$85,714,146
ET	Energy Transfer LP	−74,000	7,923,600	$151,499,232
TXO	TXO Partners, L.P.	−50,000	531,000	$6,637,500
NEE	Nextera Energy Inc	−47,000	48,000	$4,212,960
ENB	Enbridge Inc	−45,000	956,500	$51,851,865
ARLP	Alliance Resource Partners LP	−41,000	150,000	$3,597,000
NGL	NGL Energy Partners LP	−40,000	110,000	$1,752,300
TRGP	Targa Resources Corp.	−38,000	614,300	$164,718,402
TRP	Tc Energy Corp	−34,800	1,245,800	$82,584,082
TLN	Talen Energy Corp	−12,500	76,800	$29,511,168
SOBO	South Bow Corp	−10,000	855,500	$30,147,820
CRWD	CrowdStrike Holdings, Inc.	−1,000	29,000	$22,131,060
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
KGS	Kodiak Gas Services, Inc.	300,000	$22,539,000
VG	Venture Global, Inc.	1,389,000	$15,459,570
IRDM	Iridium Communications Inc.	236,000	$12,944,600
ENTG	Entegris Inc	59,000	$10,611,740
EROK	EagleRock Land, LLC	470,000	$9,987,500
NBIS	Nebius Group N.V.	31,300	$8,644,121
D	Dominion Energy, Inc	117,000	$7,989,930
ARKO	ARKO Corp.	850,000	$6,825,500
ECL	Ecolab Inc.	10,000	$2,786,100
SEDG	Solaredge Technologies, Inc.	35,000	$2,045,400
ENPH	Enphase Energy, Inc.	40,000	$1,969,600
CORZ	Core Scientific, Inc./tx	7,000	$179,130
QS	QuantumScape Corp	20,000	$151,200
CRWV	CoreWeave, Inc.	1,500	$149,310
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
PRIM	Primoris Services Corp	152,000	$21,742,080
VNOM	Viper Energy, Inc.	205,000	$9,632,950
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	100,000	$6,126,000
ACES	ALPS Clean Energy ETF	100,000	$5,264,000
CVE	Cenovus Energy Inc.	30,000	$795,900
GLNG	Golar Lng Ltd	7,000	$378,770
NFE	New Fortress Energy Inc.	100,000	$59,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

73 tracked positions · $2,234,777,892 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Industrials Real Estate Technology Utilities

Showing 1–50 of 73 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TRGP	Targa Resources Corp. Energy	Reduced	614,300	-38,000	$164,718,402	+0.7%	7.37%
ET	Energy Transfer LP Energy	Reduced	7,923,600	-74,000	$151,499,232	−1.8%	6.78%
WMB	Williams Companies, Inc. Energy	Added	1,866,100	+166,000	$138,725,874	+12.1%	6.21%
DTM	DT Midstream, Inc. Energy	Added	730,100	+3,000	$107,134,874	+9.4%	4.79%
PAGP	Plains Gp Holdings LP Energy	Added	3,795,000	+335,000	$92,104,650	+9.6%	4.12%
MPLX	Mplx LP Energy	Reduced	1,614,600	-244,500	$90,950,418	−14.3%	4.07%
OKE	Oneok Inc /New/ Energy	Reduced	985,900	-84,000	$85,714,146	−11.4%	3.84%
KNTK	Kinetik Holdings Inc. Energy	Reduced	1,752,000	-122,000	$84,691,680	−6.6%	3.79%
TRP	Tc Energy Corp Energy	Reduced	1,245,800	-34,800	$82,584,082	+3.0%	3.70%
LNG	Cheniere Energy, Inc. Energy	Added	337,800	+58,000	$80,737,578	+1.7%	3.61%
KMI	Kinder Morgan, Inc. Energy	Reduced	2,039,400	-682,900	$65,199,618	−28.6%	2.92%
EPD	Enterprise Products Partners L.P. Energy	Reduced	1,565,500	-180,000	$57,547,780	−12.9%	2.58%
WES	Western Midstream Partners, LP Energy	Reduced	1,259,900	-417,000	$55,133,224	−20.1%	2.47%
PBA	Pembina Pipeline Corp Energy	Reduced	1,158,100	-199,000	$53,562,125	−11.8%	2.40%
ENB	Enbridge Inc Energy	Reduced	956,500	-45,000	$51,851,865	−4.4%	2.32%
BE	Bloom Energy Corp Industrials	Added	136,900	+1,900	$41,439,630	+126.6%	1.85%
AGX	Argan Inc Industrials	Added	45,500	+7,500	$36,334,025	+75.6%	1.63%
MTZ	Mastec Inc Industrials	Added	82,800	+11,900	$34,449,768	+51.0%	1.54%
GEV	GE Vernova Inc. Industrials	Added	28,700	+4,700	$33,718,482	+61.0%	1.51%
SEI	Solaris Energy Infrastructure, Inc. Energy	Added	418,000	+30,000	$33,632,280	+53.4%	1.50%
PWR	Quanta Services, Inc. Industrials	Added	43,800	+5,800	$31,537,752	+51.2%	1.41%
VST	Vistra Corp. Utilities	Added	198,000	+14,400	$31,408,740	+13.8%	1.41%
NRG	Nrg Energy, Inc. Utilities	Added	212,700	+42,200	$31,066,962	+24.7%	1.39%
SOBO	South Bow Corp Energy	Reduced	855,500	-10,000	$30,147,820	+4.5%	1.35%
TLN	Talen Energy Corp Utilities	Reduced	76,800	-12,500	$29,511,168	+3.5%	1.32%
SUNC	SunocoCorp LLC Energy	Added	406,000	+206,000	$27,474,020	+122.8%	1.23%
CEG	Constellation Energy Corp Utilities	Added	107,000	+24,300	$26,575,590	+15.1%	1.19%
DY	Dycom Industries Inc Industrials	Added	52,000	+16,000	$26,290,680	+115.5%	1.18%
PANW	Palo Alto Networks Inc Technology	Added	75,000	+3,000	$25,576,500	+121.6%	1.14%
EE	Excelerate Energy, Inc. Energy	Added	650,000	+325,000	$24,693,500	+127.3%	1.10%
KGS	Kodiak Gas Services, Inc. Energy	NEW	300,000	NEW	$22,539,000	NEW	1.01%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	29,000	-1,000	$22,131,060	+89.0%	0.99%
DOCN	DigitalOcean Holdings, Inc. Technology	Added	140,400	+8,200	$22,047,012	+94.4%	0.99%
NXT	Nextpower Inc. Technology	Added	181,000	+38,000	$21,564,340	+25.1%	0.96%
EQT	EQT Corp Energy	Held	403,258	0	$21,441,227	−16.5%	0.96%
WBI	WaterBridge Infrastructure LLC Energy	Added	620,000	+417,500	$21,247,400	+291.7%	0.95%
WTTR	Select Water Solutions, Inc. Energy	Added	1,020,000	+600,000	$20,379,600	+217.1%	0.91%
MWH	SOLV Energy, Inc. Utilities	Added	520,000	+320,000	$17,706,000	+194.8%	0.79%
STRL	Sterling Infrastructure, Inc. Industrials	Added	20,550	+9,000	$17,248,848	+266.7%	0.77%
VG	Venture Global, Inc. Energy	NEW	1,389,000	NEW	$15,459,570	NEW	0.69%
NET	Cloudflare, Inc. Technology	Added	60,000	+10,000	$14,716,800	+42.6%	0.66%
IRDM	Iridium Communications Inc. Communication Services	NEW	236,000	NEW	$12,944,600	NEW	0.58%
MPC	Marathon Petroleum Corp Energy	Reduced	49,800	-93,000	$12,732,366	−63.5%	0.57%
PSX	Phillips 66 Energy	Reduced	73,100	-107,000	$12,357,555	−62.3%	0.55%
ETR	Entergy Corp /De/ Utilities	Added	100,000	+37,000	$11,486,000	+62.3%	0.51%
ENTG	Entegris Inc Technology	NEW	59,000	NEW	$10,611,740	NEW	0.47%
EROK	EagleRock Land, LLC Energy	NEW	470,000	NEW	$9,987,500	NEW	0.45%
SNOW	Snowflake Inc. Technology	Added	34,000	+5,000	$8,653,000	+97.8%	0.39%
NBIS	Nebius Group N.V. Communication Services	NEW	31,300	NEW	$8,644,121	NEW	0.39%
DLR	Digital Realty Trust, Inc. Real Estate	Added	47,000	+13,000	$8,440,260	+37.8%	0.38%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.