CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT
CIK 0001329375
Annualised vol
7.36965%
Beta
0.229139
HHI
324.784689
Top-10 weight
48.27598%
VaR 95%
0.611349%
VaR 99%
1.350889%
Max drawdown
13.53102%
Matched value
55.199373%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| DTM | ADDED | 730,100 | 727,100 | 0.41% | 107,134,874 |
| MPLX | REDUCED | 1,614,600 | 1,859,100 | -13.15% | 90,950,418 |
| OKE | REDUCED | 985,900 | 1,069,900 | -7.85% | 85,714,146 |
| KNTK | REDUCED | 1,752,000 | 1,874,000 | -6.51% | 84,691,680 |
| TRP | REDUCED | 1,245,800 | 1,280,600 | -2.72% | 82,584,082 |
| LNG | ADDED | 337,800 | 279,800 | 20.73% | 80,737,578 |
| PBA | REDUCED | 1,158,100 | 1,357,100 | -14.66% | 53,562,125 |
| ENB | REDUCED | 956,500 | 1,001,500 | -4.49% | 51,851,865 |
| BE | ADDED | 136,900 | 135,000 | 1.41% | 41,439,630 |
| AGX | ADDED | 45,500 | 38,000 | 19.74% | 36,334,025 |
| MTZ | ADDED | 82,800 | 70,900 | 16.78% | 34,449,768 |
| GEV | ADDED | 28,700 | 24,000 | 19.58% | 33,718,482 |
| VST | ADDED | 198,000 | 183,600 | 7.84% | 31,408,740 |
| NRG | ADDED | 212,700 | 170,500 | 24.75% | 31,066,962 |
| SOBO | REDUCED | 855,500 | 865,500 | -1.16% | 30,147,820 |
| TLN | REDUCED | 76,800 | 89,300 | -14.0% | 29,511,168 |
| SUNC | ADDED | 406,000 | 200,000 | 103.0% | 27,474,020 |
| CEG | ADDED | 107,000 | 82,700 | 29.38% | 26,575,590 |
| PANW | ADDED | 75,000 | 72,000 | 4.17% | 25,576,500 |
| EE | ADDED | 650,000 | 325,000 | 100.0% | 24,693,500 |
| NXT | ADDED | 181,000 | 143,000 | 26.57% | 21,564,340 |
| EQT | UNCHANGED | 403,258 | 403,258 | 0.0% | 21,441,228 |
| WTTR | ADDED | 1,020,000 | 420,000 | 142.86% | 20,379,600 |
| MWH | ADDED | 520,000 | 200,000 | 160.0% | 17,706,000 |
| STRL | ADDED | 20,550 | 11,550 | 77.92% | 17,248,848 |
| VG | NEW | 1,389,000 | - | - | 15,459,570 |
| NET | ADDED | 60,000 | 50,000 | 20.0% | 14,716,800 |
| IRDM | NEW | 236,000 | - | - | 12,944,600 |
| PSX | REDUCED | 73,100 | 180,100 | -59.41% | 12,357,555 |
| ENTG | NEW | 59,000 | - | - | 10,611,740 |
| SNOW | ADDED | 34,000 | 29,000 | 17.24% | 8,653,000 |
| NBIS | NEW | 31,300 | - | - | 8,644,121 |
| D | NEW | 117,000 | - | - | 7,989,930 |
| WEC | ADDED | 67,000 | 35,000 | 91.43% | 7,823,590 |
| DUK | ADDED | 61,000 | 35,000 | 74.29% | 7,721,380 |
| SO | ADDED | 80,000 | 45,000 | 77.78% | 7,656,800 |
| IREN | UNCHANGED | 157,000 | 157,000 | 0.0% | 7,179,610 |
| ARKO | NEW | 850,000 | - | - | 6,825,500 |
| AM | ADDED | 251,000 | 201,000 | 24.88% | 5,710,250 |
| CIFR | ADDED | 215,000 | 170,000 | 26.47% | 5,267,500 |
| NEE | REDUCED | 48,000 | 95,000 | -49.47% | 4,212,960 |
| ECL | NEW | 10,000 | - | - | 2,786,100 |
| SEDG | NEW | 35,000 | - | - | 2,045,400 |
| ENPH | NEW | 40,000 | - | - | 1,969,600 |
| NGL | REDUCED | 110,000 | 150,000 | -26.67% | 1,752,300 |
| CLSK | UNCHANGED | 32,000 | 32,000 | 0.0% | 465,600 |
| QS | NEW | 20,000 | - | - | 151,200 |
| CRWV | NEW | 1,500 | - | - | 149,310 |
| VNOM | CLOSED OUT | 0 | 205,000 | -100.0% | 0 |
| NFE | CLOSED OUT | 0 | 100,000 | -100.0% | 0 |
| CVE | CLOSED OUT | 0 | 30,000 | -100.0% | 0 |
| GLNG | CLOSED OUT | 0 | 7,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | TARGA RES CORP | COM | 87612G101 | 164,718,402 | 7.37 | 614300.0 | |
| - | ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | 151,499,232 | 6.78 | 7923600.0 | |
| - | WILLIAMS COS INC | COM | 969457100 | 138,725,874 | 6.21 | 1866100.0 | |
| DTM | ADDED | DT MIDSTREAM INC | COMMON STOCK | 23345M107 | 107,134,874 | 4.79 | 730100.0 |
| - | PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 | 92,104,650 | 4.12 | 3795000.0 | |
| MPLX | REDUCED | MPLX LP | COM UNIT REP LTD | 55336V100 | 90,950,418 | 4.07 | 1614600.0 |
| OKE | REDUCED | ONEOK INC NEW | COM | 682680103 | 85,714,146 | 3.84 | 985900.0 |
| KNTK | REDUCED | KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 | 84,691,680 | 3.79 | 1752000.0 |
| TRP | REDUCED | TC ENERGY CORP | COM | 87807B107 | 82,584,082 | 3.7 | 1245800.0 |
| LNG | ADDED | CHENIERE ENERGY INC | COM NEW | 16411R208 | 80,737,578 | 3.61 | 337800.0 |
| - | KINDER MORGAN INC DEL | COM | 49456B101 | 65,199,618 | 2.92 | 2039400.0 | |
| - | ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 57,547,780 | 2.58 | 1565500.0 | |
| - | WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | 55,133,224 | 2.47 | 1259900.0 | |
| PBA | REDUCED | PEMBINA PIPELINE CORP | COM | 706327103 | 53,562,125 | 2.4 | 1158100.0 |
| ENB | REDUCED | ENBRIDGE INC | COM | 29250N105 | 51,851,865 | 2.32 | 956500.0 |
| BE | ADDED | BLOOM ENERGY CORP | COM CL A | 093712107 | 41,439,630 | 1.85 | 136900.0 |
| AGX | ADDED | ARGAN INC | COM | 04010E109 | 36,334,025 | 1.63 | 45500.0 |
| MTZ | ADDED | MASTEC INC | COM | 576323109 | 34,449,768 | 1.54 | 82800.0 |
| GEV | ADDED | GE VERNOVA INC | COM | 36828A101 | 33,718,482 | 1.51 | 28700.0 |
| - | SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 | 33,632,280 | 1.5 | 418000.0 | |
| - | QUANTA SVCS INC | COM | 74762E102 | 31,537,752 | 1.41 | 43800.0 | |
| VST | ADDED | VISTRA CORP | COM | 92840M102 | 31,408,740 | 1.41 | 198000.0 |
| NRG | ADDED | NRG ENERGY INC | COM NEW | 629377508 | 31,066,962 | 1.39 | 212700.0 |
| SOBO | REDUCED | SOUTH BOW CORP | COM | 83671M105 | 30,147,820 | 1.35 | 855500.0 |
| TLN | REDUCED | TALEN ENERGY CORP | COM | 87422Q109 | 29,511,168 | 1.32 | 76800.0 |
| SUNC | ADDED | SUNOCOCORP LLC | COM SHS LLC | 86765Q106 | 27,474,020 | 1.23 | 406000.0 |
| CEG | ADDED | CONSTELLATION ENERGY CORP | COM | 21037T109 | 26,575,590 | 1.19 | 107000.0 |
| - | DYCOM INDS INC | COM | 267475101 | 26,290,680 | 1.18 | 52000.0 | |
| PANW | ADDED | PALO ALTO NETWORKS INC | COM | 697435105 | 25,576,500 | 1.14 | 75000.0 |
| EE | ADDED | EXCELERATE ENERGY INC | CL A COM | 30069T101 | 24,693,500 | 1.1 | 650000.0 |
| - | KODIAK GAS SVCS INC | COM | 50012A108 | 22,539,000 | 1.01 | 300000.0 | |
| - | CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 22,131,060 | 0.99 | 29000.0 | |
| - | DIGITALOCEAN HLDGS INC | COM | 25402D102 | 22,047,012 | 0.99 | 140400.0 | |
| NXT | ADDED | NEXTPOWER INC | CLASS A COM | 65290E101 | 21,564,340 | 0.96 | 181000.0 |
| EQT | UNCHANGED | EQT CORP | COM | 26884L109 | 21,441,228 | 0.96 | 403258.0 |
| - | WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 | 21,247,400 | 0.95 | 620000.0 | |
| WTTR | ADDED | SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 | 20,379,600 | 0.91 | 1020000.0 |
| MWH | ADDED | SOLV ENERGY INC | COM SHS CL A | 78475V103 | 17,706,000 | 0.79 | 520000.0 |
| STRL | ADDED | STERLING INFRASTRUCTURE INC | COM | 859241101 | 17,248,848 | 0.77 | 20550.0 |
| VG | NEW | VENTURE GLOBAL INC | COM CL A | 92333F101 | 15,459,570 | 0.69 | 1389000.0 |
| NET | ADDED | CLOUDFLARE INC | CL A COM | 18915M107 | 14,716,800 | 0.66 | 60000.0 |
| IRDM | NEW | IRIDIUM COMMUNICATIONS INC | COM | 46269C102 | 12,944,600 | 0.58 | 236000.0 |
| - | MARATHON PETE CORP | COM | 56585A102 | 12,732,366 | 0.57 | 49800.0 | |
| PSX | REDUCED | PHILLIPS 66 | COM | 718546104 | 12,357,555 | 0.55 | 73100.0 |
| - | ENTERGY CORP NEW | COM | 29364G103 | 11,486,000 | 0.51 | 100000.0 | |
| ENTG | NEW | ENTEGRIS INC | COM | 29362U104 | 10,611,740 | 0.47 | 59000.0 |
| - | EAGLEROCK LD LLC | CL A SHS REP LTD | 27005A105 | 9,987,500 | 0.45 | 470000.0 | |
| SNOW | ADDED | SNOWFLAKE INC | COM SHS | 833445109 | 8,653,000 | 0.39 | 34000.0 |
| NBIS | NEW | NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | 8,644,121 | 0.39 | 31300.0 |
| - | DIGITAL RLTY TR INC | COM | 253868103 | 8,440,260 | 0.38 | 47000.0 | |
| - | AMERICAN ELEC PWR CO INC | COM | 025537101 | 8,208,600 | 0.37 | 60000.0 | |
| D | NEW | DOMINION ENERGY INC | COM | 25746U109 | 7,989,930 | 0.36 | 117000.0 |
| WEC | ADDED | WEC ENERGY GROUP INC | COM | 92939U106 | 7,823,590 | 0.35 | 67000.0 |
| DUK | ADDED | DUKE ENERGY CORP NEW | COM NEW | 26441C204 | 7,721,380 | 0.35 | 61000.0 |
| SO | ADDED | SOUTHERN CO | COM | 842587107 | 7,656,800 | 0.34 | 80000.0 |
| IREN | UNCHANGED | IREN LIMITED | ORDINARY SHARES | Q4982L109 | 7,179,610 | 0.32 | 157000.0 |
| ARKO | NEW | ARKO CORP | COM | 041242108 | 6,825,500 | 0.31 | 850000.0 |
| - | TXO PARTNERS LP | COM UNIT | 87313P103 | 6,637,500 | 0.3 | 531000.0 | |
| AM | ADDED | ANTERO MIDSTREAM CORP | COM | 03676B102 | 5,710,250 | 0.26 | 251000.0 |
| - | ARKO PETE CORP | CL A COM | 04124A100 | 5,655,000 | 0.25 | 300000.0 | |
| CIFR | ADDED | CIPHER DIGITAL INC | COM | 17253J106 | 5,267,500 | 0.24 | 215000.0 |
| NEE | REDUCED | NEXTERA ENERGY INC | COM | 65339F101 | 4,212,960 | 0.19 | 48000.0 |
| - | ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 | 3,597,000 | 0.16 | 150000.0 | |
| ECL | NEW | ECOLAB INC | COM | 278865100 | 2,786,100 | 0.12 | 10000.0 |
| - | PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 2,343,978 | 0.1 | 105300.0 | |
| SEDG | NEW | SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 | 2,045,400 | 0.09 | 35000.0 |
| ENPH | NEW | ENPHASE ENERGY INC | COM | 29355A107 | 1,969,600 | 0.09 | 40000.0 |
| NGL | REDUCED | NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 | 1,752,300 | 0.08 | 110000.0 |
| CLSK | UNCHANGED | CLEANSPARK INC | COM NEW | 18452B209 | 465,600 | 0.02 | 32000.0 |
| - | CORE SCIENTIFIC INC NEW | COM | 21874A106 | 179,130 | 0.01 | 7000.0 | |
| QS | NEW | QUANTUMSCAPE CORP | COM CL A | 74767V109 | 151,200 | 0.01 | 20000.0 |
| CRWV | NEW | COREWEAVE INC | COM CL A | 21873S108 | 149,310 | 0.01 | 1500.0 |
| - | GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 | 99,190 | 0.0 | 7000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | 2,234,777,893 | 73 | 7.36965 | 0.229139 | 13.53102 |
| 2026-03-31 | 2026-04-28 | 2,020,119,164 | 66 | 6.794881 | 0.201321 | 14.833563 |
| 2025-12-31 | 2026-01-27 | 1,743,763,030 | 60 | 7.518232 | 0.223615 | 15.789536 |
| 2025-09-30 | 2025-10-20 | 1,761,645,421 | 59 | 8.085563 | 0.246926 | 18.44721 |
| 2025-03-31 | 2025-04-24 | 1,623,652,706 | 61 | 7.872118 | 0.225074 | 19.786553 |
| 2024-12-31 | 2025-01-21 | 1,516,135,413 | 68 | 7.468846 | 0.219559 | 18.065929 |