Latest CUSHING ASSET MANAGEMENT, LP Stock Portfolio

CUSHING ASSET MANAGEMENT, LP Performance:

2025 Q2: -0.16%YTD: 3.56%2024: 31.76%

Performance for 2025 Q2 is -0.16%, and YTD is 3.56%, and 2024 is 31.76%.

About CUSHING ASSET MANAGEMENT, LP and 13F Hedge Fund Stock Holdings

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT is a hedge fund based in DALLAS, TX. On 23-Jun-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.1 Billions. In it's latest 13F Holdings report, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported an equity portfolio of $1.7 Billions as of 30 Jun, 2025.

The top stock holdings of CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT are ET, TRGP, LNG. The fund has invested 7.5% of it's portfolio in ENERGY TRANSFER L P and 6.7% of portfolio in TARGA RES CORP.

The fund managers got completely rid off SEMPRA (SRE), MICROSOFT CORP (MSFT) and CORE SCIENTIFIC INC NEW stocks. They significantly reduced their stock positions in CROWDSTRIKE HLDGS INC (CRWD), EQT CORP (EQT) and CLEARWAY ENERGY INC (CWEN). CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT opened new stock positions in ARIS WATER SOLUTIONS INC (ARIS), BLOOM ENERGY CORP (BE) and MICROSTRATEGY INC (MSTR). The fund showed a lot of confidence in some stocks as they added substantially to SOUTH BOW CORP, FIRST SOLAR INC (FSLR) and MASTEC INC (MTZ).

CUSHING ASSET MANAGEMENT, LP Annual Return Estimates Vs S&P 500

Our best estimate is that CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT made a return of -0.16% in the last quarter. In trailing 12 months, it's portfolio return was 17.61%.

New Buys

Ticker	$ Bought
aris water solutions inc	10,642,500
bloom energy corp	9,568,000
microstrategy inc	8,084,600
cloudflare inc	2,937,450
argan inc	1,763,840

New stocks bought by CUSHING ASSET MANAGEMENT, LP

Additions

Ticker	% Inc.
south bow corp	650
txo partners lp	307
first solar inc	77.42
mastec inc	66.67
genesis energy l p	60.27
constellation energy corp	51.72
nextracker inc	45.00
primoris svcs corp	40.82

Additions to existing portfolio by CUSHING ASSET MANAGEMENT, LP

Reductions

Ticker	% Reduced
crowdstrike hldgs inc	-53.33
eqt corp	-46.94
clearway energy inc	-23.37
plains all amern pipeline l	-21.08
tc energy corp	-19.83
cheniere energy inc	-15.01
vistra corp	-15.00
kinder morgan inc del	-12.36

CUSHING ASSET MANAGEMENT, LP reduced stake in above stock

Sold off

Ticker	$ Sold
cleanspark inc	-3,363,360
core scientific inc new	-3,620,000
sentinelone inc	-1,636,200
sempra	-5,851,520
microsoft corp	-5,630,850

CUSHING ASSET MANAGEMENT, LP got rid off the above stocks

Sector Distribution

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 73.1% of it's holdings in Energy sector.

Sector	%
Energy	73.1
Others	14
Utilities	7.6
Technology	2.4
Industrials	2.2

Market Cap. Distribution

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 63.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	63.3
MID-CAP	20.8
UNALLOCATED	14
SMALL-CAP	1.6

Stocks belong to which Index?

About 37.1% of the stocks held by CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	62.9
S&P 500	32.5
RUSSELL 2000	4.6

Top 5 Winners (%)		%
NRG	nrg energy inc	67.5 %
VST	vistra corp	60.3 %
PWR	quanta svcs inc	44.1 %
CEG	constellation energy corp	39.0 %
CRWD	crowdstrike hldgs inc	34.1 %

Top 5 Winners ($)		$
VST	vistra corp	17.0 M
DTM	dt midstream inc	10.1 M
CEG	constellation energy corp	10.0 M
LNG	cheniere energy inc	5.9 M
NRG	nrg energy inc	5.1 M

Top 5 Losers (%)		%
LPI	vital energy inc	-24.2 %
OKE	oneok inc new	-15.7 %
VNOM	viper energy inc	-15.6 %
TRGP	targa res corp	-13.3 %
KNTK	kinetik holdings inc	-11.8 %

Top 5 Losers ($)		$
OKE	oneok inc new	-20.2 M
TRGP	targa res corp	-18.2 M
PAGP	plains gp hldgs l p	-8.2 M
HESM	hess midstream lp	-6.7 M
EPD	enterprise prods partners l	-6.0 M

CUSHING ASSET MANAGEMENT, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of CUSHING ASSET MANAGEMENT, LP

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has 60 stocks in it's portfolio. About 54.6% of the portfolio is in top 10 stocks. OKE proved to be the most loss making stock for the portfolio. VST was the most profitable stock for CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT last quarter.

Last Reported on: 14 Jul, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	ET	energy transfer l p	7.54	7,182,600	130,221,000	reduced	-3.16
Historical Trend of ENERGY TRANSFER L P Position Held By CUSHING ASSET MANAGEMENT, LP What % of Portfolio is ET?: Number of ET shares held: Change in No. of Shares Held:
	TRGP	targa res corp	6.72	666,300	115,990,000	reduced	-2.66

	LNG	cheniere energy inc	6.49	459,900	111,995,000	reduced	-15.01

	OKE	oneok inc new	6.26	1,324,920	108,153,000	added	16.34

	MPLX	mplx lp	5.12	1,715,800	88,380,900	reduced	-5.87

	HESM	hess midstream lp	5.12	2,297,200	88,465,200	added	25.84

	DTM	dt midstream inc	4.76	748,300	82,245,700	reduced	-0.31

	WMB	williams cos inc	4.33	1,191,100	74,813,000	reduced	-11.58

	KMI	kinder morgan inc del	4.28	2,514,400	73,923,400	reduced	-12.36

	PAGP	plains gp hldgs l p	3.99	3,543,000	68,840,500	reduced	-12.15

		pembina pipeline corp	3.67	1,687,100	63,283,100	reduced	-5.5

		tc energy corp	3.53	1,250,500	61,011,900	reduced	-19.83

	EPD	enterprise prods partners l	3.52	1,957,500	60,702,100	added	1.64

	WES	western midstream partners l	2.70	1,203,900	46,590,900	reduced	-9.73

		south bow corp	2.29	1,526,100	39,541,300	added	650

	VST	vistra corp	2.29	204,000	39,537,200	reduced	-15.00

	CEG	constellation energy corp	2.06	110,000	35,503,600	added	51.72

	KNTK	kinetik holdings inc	1.99	779,000	34,315,000	added	32.03

		talen energy corp	1.78	106,000	30,821,600	added	19.5

	PSX	phillips 66	1.38	199,700	23,824,200	added	9.01