Latest CUSHING ASSET MANAGEMENT, LP Stock Portfolio

CUSHING ASSET MANAGEMENT, LP Performance:

2026 Q1: 17.33%YTD: 17.33%2025: 4.67%

Performance for 2026 Q1 is 17.33%, and YTD is 17.33%, and 2025 is 4.67%.

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 2026-04-28, the fund reported it's updated stock portfolio. In the 13F Holdings report, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported an equity portfolio of $2 Billions as of 31 Mar, 2026.

The top stock holdings of CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT are TRGP, ET, WMB. The fund has invested 8.1% of it's portfolio in TARGA RES CORP and 7.6% of portfolio in ENERGY TRANSFER L P.

The fund managers got completely rid off HESS MIDSTREAM LP (HESM), FIRST SOLAR INC (FSLR) and MICROSOFT CORP (MSFT) stocks. They significantly reduced their stock positions in CENOVUS ENERGY INC (CVE), PLAINS ALL AMERN PIPELINE L (PAA) and GE VERNOVA INC. CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT opened new stock positions in ARKO PETE CORP, EXCELERATE ENERGY INC (EE) and SELECT WATER SOLUTIONS INC (WTTR). The fund showed a lot of confidence in some stocks as they added substantially to SOLARIS ENERGY INFRAS INC (SOI), DYCOM INDS INC (DY) and NEXTERA ENERGY INC (NEE).

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 17.33% in the last quarter. In trailing 12 months, it's portfolio return was 17.99%.

Performance
S&P 500

New Buys

Ticker	$ Bought
arko pete corp	12,745,700
sunococorp llc	12,330,000
excelerate energy inc	10,861,500
select water solutions inc	6,426,000
solv energy inc	6,006,000
waterbridge infrastructure l	5,424,980
sterling infrastructure inc	4,703,970
duke energy corp new	4,582,900

New stocks bought by CUSHING ASSET MANAGEMENT, LP

Additions

Ticker	% Inc.
solaris energy infras inc	536
dycom inds inc	140
nextera energy inc	90.00
marathon pete corp	73.09
cloudflare inc	66.67
enbridge inc	66.5
cleanspark inc	60.00
palo alto networks inc	53.19

Additions to existing portfolio by CUSHING ASSET MANAGEMENT, LP

Reductions

Ticker	% Reduced
cenovus energy inc	-93.48
plains all amern pipeline l	-64.39
ge vernova inc	-49.84
south bow corp	-41.93
antero midstream corp	-36.39
constellation energy corp	-29.13
viper energy inc	-26.52
talen energy corp	-23.81

CUSHING ASSET MANAGEMENT, LP reduced stake in above stock

Sold off

Ticker	$ Sold
hess midstream lp	-46,823,400
first solar inc	-17,763,600
public svc enterprise grp in	-3,934,700
oracle corp	-4,482,930
microsoft corp	-4,836,200
cyberark software ltd	-3,122,420

CUSHING ASSET MANAGEMENT, LP got rid off the above stocks

Sector Distribution

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 70.6% of it's holdings in Energy sector.

Sector	%
Energy	70.6
Others	14.8
Industrials	6
Utilities	5.4
Technology	2.5

Market Cap. Distribution

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 71.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	71.3
UNALLOCATED	14.8
MID-CAP	12.4
SMALL-CAP	1.5

Stocks belong to which Index?

About 45.2% 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	54.7
S&P 500	34.2
RUSSELL 2000	11

Top 5 Winners (%)		%
DOCN	digitalocean hldgs inc	70.1 %
AGX	argan inc	68.9 %
BE	bloom energy corp	49.7 %
MTZ	mastec inc	47.8 %
LNG	cheniere energy inc	42.8 %

Top 5 Winners ($)		$
TRGP	targa res corp	44.2 M
LNG	cheniere energy inc	27.0 M
KNTK	kinetik holdings inc	23.0 M
ET	energy transfer l p	22.5 M
WMB	williams cos inc	20.9 M

Top 5 Losers (%)		%
NFE	new fortress energy inc	-48.3 %
SNOW	snowflake inc	-28.9 %
CEG	constellation energy corp	-17.9 %
CRWD	crowdstrike hldgs inc	-15.5 %
CLSK	cleanspark inc	-13.3 %

Top 5 Losers ($)		$
CEG	constellation energy corp	-7.4 M
	talen energy corp	-5.7 M
NRG	nrg energy inc	-2.2 M
VST	vistra corp	-2.2 M
CRWD	crowdstrike hldgs inc	-2.2 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 64 stocks in it's portfolio. About 53.9% of the portfolio is in top 10 stocks. CEG proved to be the most loss making stock for the portfolio. TRGP was the most profitable stock for CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT last quarter.

Last Reported on: 28 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AEP	american elec pwr co inc	0.16	25,000	3,277,000	unchanged	0.00

AGX	argan inc	1.02	38,000	20,696,700	added	8.57

AM	antero midstream corp	0.23	201,000	4,582,800	reduced	-36.39

ARLP	alliance resource partners l	0.26	191,000	5,281,150	unchanged	0.00

BE	bloom energy corp	0.90	135,000	18,291,200	added	17.39

CEG	constellation energy corp	1.14	82,700	23,094,000	reduced	-29.13

CIFR	cipher digital inc	0.11	170,000	2,187,900	new

CLSK	cleanspark inc	0.01	32,000	272,320	added	60.00

CRWD	crowdstrike hldgs inc	0.58	30,000	11,712,300	added	20.00

CVE	cenovus energy inc	0.04	30,000	795,900	reduced	-93.48

CYBR	cyberark software ltd	0.00	0.00	0.00	sold off	-100

DLR	digital rlty tr inc	0.30	34,000	6,127,140	unchanged	0.00

DOCN	digitalocean hldgs inc	0.56	132,200	11,340,100	added	13.97

DTM	dt midstream inc	4.85	727,100	97,918,600	reduced	-2.96

DUK	duke energy corp new	0.23	35,000	4,582,900	new

DY	dycom inds inc	0.60	36,000	12,197,500	added	140

EE	excelerate energy inc	0.54	325,000	10,861,500	new

ENB	enbridge inc	2.68	1,001,500	54,221,200	added	66.5

EPD	enterprise prods partners l	3.27	1,745,500	66,049,700	reduced	-2.62

EQT	eqt corp	1.27	403,258	25,663,300	added	17.14