Filed: 1/18/2024ACC: 0001085146-24-000316
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 56 equity positions with a total reported market value of $1.09B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
56
Positions
$1.09B
Total AUM (reported)
43.91M
Total Shares
Allocation by class
COM$564.83M51.8%
COM UT LTD PTN$92.96M8.5%
COM UNIT REP LTD$81.58M7.5%
COM NEW$75.56M6.9%
LTD PARTNR INT A$71.46M6.5%
COM UNIT LP INT$43.65M4.0%
CL A SHS$42.60M3.9%
Portfolio Concentration
Top 3$260.75M23.9%
4–10$403.21M36.9%
11–25$367.04M33.6%
Rest$60.36M5.5%
Top 3 weight
23.9%
Top 10 weight
60.8%
Voting Authority Distribution
Total shares with voting rights: 43.91M
Sole
Full voting authority
43.86M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
50.22K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole30
Shared0
Other26
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings56
Rows:
TARGA RES CORP
DFNDShares1.09M
TypeSH
Market value$94.69M
8.68%
Sole
1.09M
Shared
0.00
None
1.31K
ENERGY TRANSFER L P
DFNDShares6.74M
TypeSH
Market value$92.96M
8.52%
Sole
6.73M
Shared
0.00
None
8.29K
CHENIERE ENERGY INC
DFNDShares428.17K
TypeSH
Market value$73.09M
6.70%
Sole
427.55K
Shared
0.00
None
615.00
PLAINS GP HLDGS L P
DFNDShares4.48M
TypeSH
Market value$71.46M
6.55%
Sole
4.48M
Shared
0.00
None
0.00
ONEOK INC NEW
DFNDShares920.93K
TypeSH
Market value$64.67M
5.93%
Sole
919.68K
Shared
0.00
None
1.26K
EQUITRANS MIDSTREAM CORP
DFNDShares6M
TypeSH
Market value$61.05M
5.59%
Sole
5.99M
Shared
0.00
None
7.38K
KINDER MORGAN INC DEL
DFNDShares3.43M
TypeSH
Market value$60.49M
5.54%
Sole
3.43M
Shared
0.00
None
2.74K
WILLIAMS COS INC
DFNDShares1.43M
TypeSH
Market value$49.90M
4.57%
Sole
1.43M
Shared
0.00
None
2.15K
PEMBINA PIPELINE CORP
DFNDShares1.43M
TypeSH
Market value$49.08M
4.50%
Sole
1.42M
Shared
0.00
None
1.71K
ENTERPRISE PRODS PARTNERS L
DFNDShares1.77M
TypeSH
Market value$46.57M
4.27%
Sole
1.76M
Shared
0.00
None
4.14K
MPLX LP
DFNDShares1.20M
TypeSH
Market value$43.96M
4.03%
Sole
1.19M
Shared
0.00
None
2.38K
WESTERN MIDSTREAM PARTNERS L
DFNDShares1.49M
TypeSH
Market value$43.65M
4.00%
Sole
1.49M
Shared
0.00
None
1.86K
HESS MIDSTREAM LP
DFNDShares1.33M
TypeSH
Market value$42.03M
3.85%
Sole
1.33M
Shared
0.00
None
845.00
DT MIDSTREAM INC
DFNDShares706.08K
TypeSH
Market value$38.69M
3.55%
Sole
705.59K
Shared
0.00
None
485.00
ENLINK MIDSTREAM LLC
DFNDShares3.09M
TypeSH
Market value$37.62M
3.45%
Sole
3.09M
Shared
0.00
None
3.96K
TC ENERGY CORP
DFNDShares693.66K
TypeSH
Market value$27.12M
2.48%
Sole
693.05K
Shared
0.00
None
610.00
MARATHON PETE CORP
DFNDShares158.29K
TypeSH
Market value$23.48M
2.15%
Sole
158.03K
Shared
0.00
None
265.00
ENBRIDGE INC
DFNDShares562.70K
TypeSH
Market value$20.27M
1.86%
Sole
561.55K
Shared
0.00
None
1.15K
CLEARWAY ENERGY INC
DFNDShares682K
TypeSH
Market value$18.71M
1.71%
Sole
682K
Shared
0.00
None
0.00
GENESIS ENERGY L P
DFNDShares1.41M
TypeSH
Market value$16.31M
1.49%
Sole
1.41M
Shared
0.00
None
1.33K
ANTERO MIDSTREAM CORP
DFNDShares1.24M
TypeSH
Market value$15.51M
1.42%
Sole
1.24M
Shared
0.00
None
0.00
PHILLIPS 66
DFNDShares107K
TypeSH
Market value$14.25M
1.31%
Sole
107K
Shared
0.00
None
0.00
NEXTERA ENERGY PARTNERS LP
DFNDShares330.17K
TypeSH
Market value$10.04M
0.92%
Sole
329.84K
Shared
0.00
None
325.00
SEMPRA
DFNDShares130K
TypeSH
Market value$9.71M
0.89%
Sole
130K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares181.53K
TypeSH
Market value$5.70M
0.52%
Sole
180.78K
Shared
0.00
None
755.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TARGA RES CORPDFND | COM | 1.09M | SH | $94.69M 8.68% | 1.09M | 0.00 | 1.31K |
ENERGY TRANSFER L PDFND | COM UT LTD PTN | 6.74M | SH | $92.96M 8.52% | 6.73M | 0.00 | 8.29K |
CHENIERE ENERGY INCDFND | COM NEW | 428.17K | SH | $73.09M 6.70% | 427.55K | 0.00 | 615.00 |
PLAINS GP HLDGS L PDFND | LTD PARTNR INT A | 4.48M | SH | $71.46M 6.55% | 4.48M | 0.00 | 0.00 |
ONEOK INC NEWDFND | COM | 920.93K | SH | $64.67M 5.93% | 919.68K | 0.00 | 1.26K |
EQUITRANS MIDSTREAM CORPDFND | COM | 6M | SH | $61.05M 5.59% | 5.99M | 0.00 | 7.38K |
KINDER MORGAN INC DELDFND | COM | 3.43M | SH | $60.49M 5.54% | 3.43M | 0.00 | 2.74K |
WILLIAMS COS INCDFND | COM | 1.43M | SH | $49.90M 4.57% | 1.43M | 0.00 | 2.15K |
PEMBINA PIPELINE CORPDFND | COM | 1.43M | SH | $49.08M 4.50% | 1.42M | 0.00 | 1.71K |
ENTERPRISE PRODS PARTNERS LDFND | COM | 1.77M | SH | $46.57M 4.27% | 1.76M | 0.00 | 4.14K |
MPLX LPDFND | COM UNIT REP LTD | 1.20M | SH | $43.96M 4.03% | 1.19M | 0.00 | 2.38K |
WESTERN MIDSTREAM PARTNERS LDFND | COM UNIT LP INT | 1.49M | SH | $43.65M 4.00% | 1.49M | 0.00 | 1.86K |
HESS MIDSTREAM LPDFND | CL A SHS | 1.33M | SH | $42.03M 3.85% | 1.33M | 0.00 | 845.00 |
DT MIDSTREAM INCDFND | COMMON STOCK | 706.08K | SH | $38.69M 3.55% | 705.59K | 0.00 | 485.00 |
ENLINK MIDSTREAM LLCDFND | COM UNIT REP LTD | 3.09M | SH | $37.62M 3.45% | 3.09M | 0.00 | 3.96K |
TC ENERGY CORPDFND | COM | 693.66K | SH | $27.12M 2.48% | 693.05K | 0.00 | 610.00 |
MARATHON PETE CORPDFND | COM | 158.29K | SH | $23.48M 2.15% | 158.03K | 0.00 | 265.00 |
ENBRIDGE INCDFND | COM | 562.70K | SH | $20.27M 1.86% | 561.55K | 0.00 | 1.15K |
CLEARWAY ENERGY INCDFND | CL C | 682K | SH | $18.71M 1.71% | 682K | 0.00 | 0.00 |
GENESIS ENERGY L PDFND | UNIT LTD PARTN | 1.41M | SH | $16.31M 1.49% | 1.41M | 0.00 | 1.33K |
ANTERO MIDSTREAM CORPDFND | COM | 1.24M | SH | $15.51M 1.42% | 1.24M | 0.00 | 0.00 |
PHILLIPS 66DFND | COM | 107K | SH | $14.25M 1.31% | 107K | 0.00 | 0.00 |
NEXTERA ENERGY PARTNERS LPDFND | COM UNIT PART IN | 330.17K | SH | $10.04M 0.92% | 329.84K | 0.00 | 325.00 |
SEMPRADFND | COM | 130K | SH | $9.71M 0.89% | 130K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 181.53K | SH | $5.70M 0.52% | 180.78K | 0.00 | 755.00 |
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