CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT — 13F Holdings & Portfolio
CIK 1329375 · latest 13F-HR filed 2026-07-28
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT manages $2.23B in 13F-reported U.S. long-equity assets across 73 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TRGP (7.37%), ET (6.78%), WMB (6.21%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 14 new positions, exited 5, added to 36, and trimmed 16.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
4925 GREENVILLE AVENUE, SUITE 1310
DALLAS, TX 75206
$2.23B
Long-equity book
73
Distinct positions
2026-06-30
Filed 2026-07-28
+14 / −5 / ↑36 / ↓16
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- BLOOM ENERGY CORP$23.1M +126.6%
- WATERBRIDGE INFRASTRUCTURE L$15.8M +291.7%
- ARGAN INC$15.6M +75.6%
- SUNOCOCORP LLC$15.1M +122.8%
- WILLIAMS COS INC$15.0M +12.1%
Top Trims
- KINDER MORGAN INC DEL-$26.1M -28.6%
- MARATHON PETE CORP-$22.1M -63.5%
- PHILLIPS 66-$20.5M -62.3%
- MPLX LP-$15.1M -14.3%
- WESTERN MIDSTREAM PARTNERS L-$13.9M -20.1%
New Positions
- KODIAK GAS SVCS INC$22.5M
- VENTURE GLOBAL INC$15.5M
- IRIDIUM COMMUNICATIONS INC$12.9M
- ENTEGRIS INC$10.6M
- EAGLEROCK LD LLC$10.0M
Exited Positions
- PRIMORIS SVCS CORP$21.7M
- VIPER ENERGY INC$9.6M
- CENOVUS ENERGY INC$795.9K
- GOLAR LNG LTD$378.8K
- NEW FORTRESS ENERGY INC$59.0K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | TARGA RES CORP | TRGP | 87612G101 | $164.7M | 7.37% | 614,300 | SH |
| 2 | ENERGY TRANSFER L P | ET | 29273V100 | $151.5M | 6.78% | 7,923,600 | SH |
| 3 | WILLIAMS COS INC | WMB | 969457100 | $138.7M | 6.21% | 1,866,100 | SH |
| 4 | DT MIDSTREAM INC | DTM | 23345M107 | $107.1M | 4.79% | 730,100 | SH |
| 5 | PLAINS GP HLDGS L P | PAGP | 72651A207 | $92.1M | 4.12% | 3,795,000 | SH |
| 6 | MPLX LP | MPLX | 55336V100 | $91.0M | 4.07% | 1,614,600 | SH |
| 7 | ONEOK INC NEW | OKE | 682680103 | $85.7M | 3.84% | 985,900 | SH |
| 8 | KINETIK HOLDINGS INC | KNTK | 02215L209 | $84.7M | 3.79% | 1,752,000 | SH |
| 9 | TC ENERGY CORP | TRP | 87807B107 | $82.6M | 3.70% | 1,245,800 | SH |
| 10 | CHENIERE ENERGY INC | LNG | 16411R208 | $80.7M | 3.61% | 337,800 | SH |
| 11 | KINDER MORGAN INC DEL | KMI | 49456B101 | $65.2M | 2.92% | 2,039,400 | SH |
| 12 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $57.5M | 2.58% | 1,565,500 | SH |
| 13 | WESTERN MIDSTREAM PARTNERS L | WES | 958669103 | $55.1M | 2.47% | 1,259,900 | SH |
| 14 | PEMBINA PIPELINE CORP | PBA | 706327103 | $53.6M | 2.40% | 1,158,100 | SH |
| 15 | ENBRIDGE INC | ENB | 29250N105 | $51.9M | 2.32% | 956,500 | SH |
| 16 | BLOOM ENERGY CORP | BE | 093712107 | $41.4M | 1.85% | 136,900 | SH |
| 17 | ARGAN INC | AGX | 04010E109 | $36.3M | 1.63% | 45,500 | SH |
| 18 | MASTEC INC | MTZ | 576323109 | $34.4M | 1.54% | 82,800 | SH |
| 19 | GE VERNOVA INC | GEV | 36828A101 | $33.7M | 1.51% | 28,700 | SH |
| 20 | SOLARIS ENERGY INFRAS INC | SEI | 83418M103 | $33.6M | 1.50% | 418,000 | SH |
| 21 | QUANTA SVCS INC | PWR | 74762E102 | $31.5M | 1.41% | 43,800 | SH |
| 22 | VISTRA CORP | VST | 92840M102 | $31.4M | 1.41% | 198,000 | SH |
| 23 | NRG ENERGY INC | NRG | 629377508 | $31.1M | 1.39% | 212,700 | SH |
| 24 | SOUTH BOW CORP | SOBO | 83671M105 | $30.1M | 1.35% | 855,500 | SH |
| 25 | TALEN ENERGY CORP | TLN | 87422Q109 | $29.5M | 1.32% | 76,800 | SH |
| 26 | SUNOCOCORP LLC | SUNC | 86765Q106 | $27.5M | 1.23% | 406,000 | SH |
| 27 | CONSTELLATION ENERGY CORP | CEG | 21037T109 | $26.6M | 1.19% | 107,000 | SH |
| 28 | DYCOM INDS INC | DY | 267475101 | $26.3M | 1.18% | 52,000 | SH |
| 29 | PALO ALTO NETWORKS INC | PANW | 697435105 | $25.6M | 1.14% | 75,000 | SH |
| 30 | EXCELERATE ENERGY INC | EE | 30069T101 | $24.7M | 1.10% | 650,000 | SH |
| 31 | KODIAK GAS SVCS INC | KGS | 50012A108 | $22.5M | 1.01% | 300,000 | SH |
| 32 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $22.1M | 0.99% | 29,000 | SH |
| 33 | DIGITALOCEAN HLDGS INC | DOCN | 25402D102 | $22.0M | 0.99% | 140,400 | SH |
| 34 | NEXTPOWER INC | NXT | 65290E101 | $21.6M | 0.96% | 181,000 | SH |
| 35 | EQT CORP | EQT | 26884L109 | $21.4M | 0.96% | 403,258 | SH |
| 36 | WATERBRIDGE INFRASTRUCTURE L | WBI | 940923105 | $21.2M | 0.95% | 620,000 | SH |
| 37 | SELECT WATER SOLUTIONS INC | WTTR | 81617J301 | $20.4M | 0.91% | 1,020,000 | SH |
| 38 | SOLV ENERGY INC | MWH | 78475V103 | $17.7M | 0.79% | 520,000 | SH |
| 39 | STERLING INFRASTRUCTURE INC | STRL | 859241101 | $17.2M | 0.77% | 20,550 | SH |
| 40 | VENTURE GLOBAL INC | VG | 92333F101 | $15.5M | 0.69% | 1,389,000 | SH |
| 41 | CLOUDFLARE INC | NET | 18915M107 | $14.7M | 0.66% | 60,000 | SH |
| 42 | IRIDIUM COMMUNICATIONS INC | IRDM | 46269C102 | $12.9M | 0.58% | 236,000 | SH |
| 43 | MARATHON PETE CORP | MPC | 56585A102 | $12.7M | 0.57% | 49,800 | SH |
| 44 | PHILLIPS 66 | PSX | 718546104 | $12.4M | 0.55% | 73,100 | SH |
| 45 | ENTERGY CORP NEW | ETR | 29364G103 | $11.5M | 0.51% | 100,000 | SH |
| 46 | ENTEGRIS INC | ENTG | 29362U104 | $10.6M | 0.47% | 59,000 | SH |
| 47 | EAGLEROCK LD LLC | EROK | 27005A105 | $10.0M | 0.45% | 470,000 | SH |
| 48 | SNOWFLAKE INC | SNOW | 833445109 | $8.7M | 0.39% | 34,000 | SH |
| 49 | NEBIUS GROUP N.V. | NBIS | N97284108 | $8.6M | 0.39% | 31,300 | SH |
| 50 | DIGITAL RLTY TR INC | DLR | 253868103 | $8.4M | 0.38% | 47,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | $2.23B | 73 | 0001315863-26-000561 |
| 2026-03-31 | 2026-04-28 | $2.02B | 66 | 0001315863-26-000367 |
| 2025-12-31 | 2026-01-27 | $1.74B | 60 | 0001329375-26-000001 |