Filed: 10/26/2023ACC: 0001085146-23-003950
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 59 equity positions with a total reported market value of $987.05M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
59
Positions
$987.05M
Total AUM (reported)
44.39M
Total Shares
Allocation by class
COM$451.11M45.7%
COM UT LTD PTN$93.38M9.5%
COM UNIT REP LTD$78.46M7.9%
LTD PARTNR INT A$70.97M7.2%
COM NEW$68.62M7.0%
COM UNIT LP INT$38.92M3.9%
CL A SHS$35.92M3.6%
Portfolio Concentration
Top 3$248.71M25.2%
4–10$331.82M33.6%
11–25$325.72M33.0%
Rest$80.79M8.2%
Top 3 weight
25.2%
Top 10 weight
58.8%
Voting Authority Distribution
Total shares with voting rights: 44.39M
Sole
Full voting authority
44.34M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
47.40K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole18
Shared0
Other41
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings59
Rows:
ENERGY TRANSFER L P
DFNDShares6.66M
TypeSH
Market value$93.38M
9.46%
Sole
6.65M
Shared
0.00
None
8.71K
TARGA RES CORP
DFNDShares984.11K
TypeSH
Market value$84.36M
8.55%
Sole
982.73K
Shared
0.00
None
1.38K
PLAINS GP HLDGS L P
DFNDShares4.40M
TypeSH
Market value$70.97M
7.19%
Sole
4.40M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
DFNDShares394.24K
TypeSH
Market value$65.43M
6.63%
Sole
393.63K
Shared
0.00
None
610.00
ONEOK INC NEW
DFNDShares817.18K
TypeSH
Market value$51.83M
5.25%
Sole
815.92K
Shared
0.00
None
1.26K
MPLX LP
DFNDShares1.27M
TypeSH
Market value$45.28M
4.59%
Sole
1.27M
Shared
0.00
None
2.38K
ENTERPRISE PRODS PARTNERS L
DFNDShares1.61M
TypeSH
Market value$44.08M
4.47%
Sole
1.61M
Shared
0.00
None
4.23K
WILLIAMS COS INC
DFNDShares1.27M
TypeSH
Market value$42.70M
4.33%
Sole
1.27M
Shared
0.00
None
2.15K
KINDER MORGAN INC DEL
DFNDShares2.53M
TypeSH
Market value$41.92M
4.25%
Sole
2.53M
Shared
0.00
None
2.75K
PEMBINA PIPELINE CORP
DFNDShares1.35M
TypeSH
Market value$40.58M
4.11%
Sole
1.35M
Shared
0.00
None
1.71K
WESTERN MIDSTREAM PARTNERS L
DFNDShares1.43M
TypeSH
Market value$38.92M
3.94%
Sole
1.43M
Shared
0.00
None
1.85K
EQUITRANS MIDSTREAM CORP
DFNDShares4.13M
TypeSH
Market value$38.70M
3.92%
Sole
4.13M
Shared
0.00
None
3.87K
DT MIDSTREAM INC
DFNDShares668.26K
TypeSH
Market value$35.36M
3.58%
Sole
667.78K
Shared
0.00
None
485.00
HESS MIDSTREAM LP
DFNDShares1.14M
TypeSH
Market value$33.28M
3.37%
Sole
1.14M
Shared
0.00
None
860.00
ENLINK MIDSTREAM LLC
DFNDShares2.72M
TypeSH
Market value$33.18M
3.36%
Sole
2.71M
Shared
0.00
None
3.98K
MARATHON PETE CORP
DFNDShares183.07K
TypeSH
Market value$27.71M
2.81%
Sole
182.80K
Shared
0.00
None
270.00
TC ENERGY CORP
DFNDShares717.78K
TypeSH
Market value$24.70M
2.50%
Sole
717.17K
Shared
0.00
None
605.00
ENBRIDGE INC
DFNDShares613.52K
TypeSH
Market value$20.36M
2.06%
Sole
612.37K
Shared
0.00
None
1.15K
CLEARWAY ENERGY INC
DFNDShares832.54K
TypeSH
Market value$17.62M
1.78%
Sole
832.54K
Shared
0.00
None
0.00
NEXTERA ENERGY PARTNERS LP
DFNDShares462.20K
TypeSH
Market value$13.73M
1.39%
Sole
461.85K
Shared
0.00
None
345.00
ANTERO MIDSTREAM CORP
DFNDShares876K
TypeSH
Market value$10.49M
1.06%
Sole
876K
Shared
0.00
None
0.00
GENESIS ENERGY L P
DFNDShares1.01M
TypeSH
Market value$10.47M
1.06%
Sole
1.01M
Shared
0.00
None
1.33K
ATLANTICA SUSTAINABLE INFR P
DFNDShares407.94K
TypeSH
Market value$7.79M
0.79%
Sole
407.94K
Shared
0.00
None
0.00
CROWN CASTLE INC
SOLEShares73K
TypeSH
Market value$6.72M
0.68%
Sole
73K
Shared
0.00
None
0.00
TXO PARTNERS LP
SOLEShares329.50K
TypeSH
Market value$6.69M
0.68%
Sole
329.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PDFND | COM UT LTD PTN | 6.66M | SH | $93.38M 9.46% | 6.65M | 0.00 | 8.71K |
TARGA RES CORPDFND | COM | 984.11K | SH | $84.36M 8.55% | 982.73K | 0.00 | 1.38K |
PLAINS GP HLDGS L PDFND | LTD PARTNR INT A | 4.40M | SH | $70.97M 7.19% | 4.40M | 0.00 | 0.00 |
CHENIERE ENERGY INCDFND | COM NEW | 394.24K | SH | $65.43M 6.63% | 393.63K | 0.00 | 610.00 |
ONEOK INC NEWDFND | COM | 817.18K | SH | $51.83M 5.25% | 815.92K | 0.00 | 1.26K |
MPLX LPDFND | COM UNIT REP LTD | 1.27M | SH | $45.28M 4.59% | 1.27M | 0.00 | 2.38K |
ENTERPRISE PRODS PARTNERS LDFND | COM | 1.61M | SH | $44.08M 4.47% | 1.61M | 0.00 | 4.23K |
WILLIAMS COS INCDFND | COM | 1.27M | SH | $42.70M 4.33% | 1.27M | 0.00 | 2.15K |
KINDER MORGAN INC DELDFND | COM | 2.53M | SH | $41.92M 4.25% | 2.53M | 0.00 | 2.75K |
PEMBINA PIPELINE CORPDFND | COM | 1.35M | SH | $40.58M 4.11% | 1.35M | 0.00 | 1.71K |
WESTERN MIDSTREAM PARTNERS LDFND | COM UNIT LP INT | 1.43M | SH | $38.92M 3.94% | 1.43M | 0.00 | 1.85K |
EQUITRANS MIDSTREAM CORPDFND | COM | 4.13M | SH | $38.70M 3.92% | 4.13M | 0.00 | 3.87K |
DT MIDSTREAM INCDFND | COMMON STOCK | 668.26K | SH | $35.36M 3.58% | 667.78K | 0.00 | 485.00 |
HESS MIDSTREAM LPDFND | CL A SHS | 1.14M | SH | $33.28M 3.37% | 1.14M | 0.00 | 860.00 |
ENLINK MIDSTREAM LLCDFND | COM UNIT REP LTD | 2.72M | SH | $33.18M 3.36% | 2.71M | 0.00 | 3.98K |
MARATHON PETE CORPDFND | COM | 183.07K | SH | $27.71M 2.81% | 182.80K | 0.00 | 270.00 |
TC ENERGY CORPDFND | COM | 717.78K | SH | $24.70M 2.50% | 717.17K | 0.00 | 605.00 |
ENBRIDGE INCDFND | COM | 613.52K | SH | $20.36M 2.06% | 612.37K | 0.00 | 1.15K |
CLEARWAY ENERGY INCDFND | CL C | 832.54K | SH | $17.62M 1.78% | 832.54K | 0.00 | 0.00 |
NEXTERA ENERGY PARTNERS LPDFND | COM UNIT PART IN | 462.20K | SH | $13.73M 1.39% | 461.85K | 0.00 | 345.00 |
ANTERO MIDSTREAM CORPDFND | COM | 876K | SH | $10.49M 1.06% | 876K | 0.00 | 0.00 |
GENESIS ENERGY L PDFND | UNIT LTD PARTN | 1.01M | SH | $10.47M 1.06% | 1.01M | 0.00 | 1.33K |
ATLANTICA SUSTAINABLE INFR PDFND | SHS | 407.94K | SH | $7.79M 0.79% | 407.94K | 0.00 | 0.00 |
CROWN CASTLE INCSOLE | COM | 73K | SH | $6.72M 0.68% | 73K | 0.00 | 0.00 |
TXO PARTNERS LPSOLE | COM UNIT | 329.50K | SH | $6.69M 0.68% | 329.50K | 0.00 | 0.00 |
Page 1 of 3