Latest CUSHING ASSET MANAGEMENT, LP Stock Portfolio

CUSHING ASSET MANAGEMENT, LP Performance:

2025 Q3: -0.13%YTD: 3.42%2024: 29.67%

Performance for 2025 Q3 is -0.13%, and YTD is 3.42%, and 2024 is 29.67%.

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 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 $1.8 Billions as of 30 Sep, 2025.

The top stock holdings of CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT are ET, TRGP, LNG. The fund has invested 8% of it's portfolio in ENERGY TRANSFER L P and 6.5% of portfolio in TARGA RES CORP.

The fund managers got completely rid off CLEARWAY ENERGY INC (CWEN), ARIS WATER SOLUTIONS INC (ARIS) and VIPER ENERGY INC (VNOM) stocks. They significantly reduced their stock positions in BLOOM ENERGY CORP (BE), ONEOK INC NEW (OKE) and DT MIDSTREAM INC (DTM). CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT opened new stock positions in VIPER ENERGY INC, EDISON INTL (EIX) and WEC ENERGY GROUP INC (WEC). The fund showed a lot of confidence in some stocks as they added substantially to ARGAN INC (AGX), CROWDSTRIKE HLDGS INC (CRWD) and ENTERGY CORP NEW (ETR).

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 -0.13% in the last quarter. In trailing 12 months, it's portfolio return was 12.64%.

New Buys

Ticker	$ Bought
viper energy inc	10,663,400
edison intl	10,503,200
wec energy group inc	2,979,340
snowflake inc	2,932,150
new fortress energy inc	331,500

New stocks bought by CUSHING ASSET MANAGEMENT, LP

Additions

Ticker	% Inc.
argan inc	287
crowdstrike hldgs inc	228
entergy corp new	152
nrg energy inc	108
digital rlty tr inc	100
cloudflare inc	100
motorola solutions inc	80.00
equinix inc	75.00

Additions to existing portfolio by CUSHING ASSET MANAGEMENT, LP

Reductions

Ticker	% Reduced
bloom energy corp	-53.25
oneok inc new	-15.7
dt midstream inc	-9.22
pembina pipeline corp	-7.2
cheniere energy inc	-1.98
talen energy corp	-0.09

CUSHING ASSET MANAGEMENT, LP reduced stake in above stock

Sold off

Ticker	$ Sold
aris water solutions inc	-10,642,500
clearway energy inc	-12,800,000
viper energy inc	-9,685,020
nextera energy inc	-5,345,340
vital energy inc	-241,350
republic svcs inc	-2,712,710

CUSHING ASSET MANAGEMENT, LP got rid off the above stocks

Sector Distribution

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 67.3% of it's holdings in Energy sector.

Sector	%
Energy	67.3
Others	16.5
Utilities	8
Technology	3.8
Industrials	3.4

Market Cap. Distribution

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 63% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	63
MID-CAP	18.9
UNALLOCATED	16.5
SMALL-CAP	1.2

Stocks belong to which Index?

About 37.4% 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	62.7
S&P 500	32.1
RUSSELL 2000	5.3

Top 5 Winners (%)		%
BE	bloom energy corp	253.6 %
PRIM	primoris svcs corp	53.1 %
NGL	ngl energy partners lp	40.5 %
FSLR	first solar inc	28.4 %
MPC	marathon pete corp	16.0 %

Top 5 Winners ($)		$
BE	bloom energy corp	24.3 M
PRIM	primoris svcs corp	4.1 M
PSX	phillips 66	3.3 M
FSLR	first solar inc	3.0 M
DTM	dt midstream inc	2.4 M

Top 5 Losers (%)		%
MSTR	strategy inc	-16.9 %
OKE	oneok inc new	-10.6 %
HESM	hess midstream lp	-10.2 %
PAA	plains all amern pipeline l	-6.9 %
EQT	eqt corp	-6.7 %

Top 5 Losers ($)		$
OKE	oneok inc new	-11.5 M
HESM	hess midstream lp	-9.1 M
ET	energy transfer l p	-7.0 M
TRGP	targa res corp	-4.4 M
PAGP	plains gp hldgs l p	-4.2 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 59 stocks in it's portfolio. About 51.7% of the portfolio is in top 10 stocks. OKE proved to be the most loss making stock for the portfolio. BE was the most profitable stock for CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT last quarter.

Last Reported on: 20 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AEP	american elec pwr co inc	0.16	25,000	2,812,500	added	47.06

AGX	argan inc	0.48	31,000	8,371,550	added	287

AM	antero midstream corp	1.00	906,000	17,612,600	added	17.05

ARIS	aris water solutions inc	0.00	0.00	0.00	sold off	-100

ARLP	alliance resource partners l	0.35	241,000	6,093,680	unchanged	0.00

BE	bloom energy corp	0.90	187,000	15,814,600	reduced	-53.25

CEG	constellation energy corp	2.24	119,700	39,389,700	added	8.82

CRWD	crowdstrike hldgs inc	0.64	23,000	11,278,700	added	228

CWEN	clearway energy inc	0.00	0.00	0.00	sold off	-100

DLR	digital rlty tr inc	0.33	34,000	5,877,920	added	100

DTM	dt midstream inc	4.36	679,300	76,801,700	reduced	-9.22

EIX	edison intl	0.60	190,000	10,503,200	new

ENB	enbridge inc	1.44	501,500	25,305,700	added	66.33

EPD	enterprise prods partners l	3.54	1,992,500	62,305,500	added	1.79

EQIX	equinix inc	0.31	7,000	5,482,680	added	75.00

EQT	eqt corp	1.09	353,258	19,227,800	unchanged	0.00

ET	energy transfer l p	8.00	8,211,600	140,911,000	added	14.33

ETR	entergy corp new	0.33	63,000	5,870,970	added	152

FSLR	first solar inc	0.78	62,000	13,672,900	added	12.73

GEL	genesis energy l p	0.65	685,700	11,458,000	unchanged	0.00