Filed: 1/21/2025ACC: 0001085146-25-000352
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 66 equity positions with a total reported market value of $1.52B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
66
Positions
$1.52B
Total AUM (reported)
38.36M
Total Shares
Allocation by class
COM$782.47M51.6%
COM UT LTD PTN$148.62M9.8%
COM NEW$120.74M8.0%
COM UNIT REP LTD$100.46M6.6%
COMMON STOCK$78.01M5.1%
LTD PARTNR INT A$72.66M4.8%
COM UNIT LP INT$49.21M3.2%
Portfolio Concentration
Top 3$377.24M24.9%
4–10$521.50M34.4%
11–25$459.11M30.3%
Rest$158.30M10.4%
Top 3 weight
24.9%
Top 10 weight
59.3%
Voting Authority Distribution
Total shares with voting rights: 38.36M
Sole
Full voting authority
38.31M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
46.47K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole66
Shared0
Other0
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings66
Rows:
ENERGY TRANSFER L P
SOLEShares7.59M
TypeSH
Market value$148.62M
9.80%
Sole
7.58M
Shared
0.00
None
9.43K
TARGA RES CORP
SOLEShares672.71K
TypeSH
Market value$120.08M
7.92%
Sole
671.91K
Shared
0.00
None
800.00
CHENIERE ENERGY INC
SOLEShares505.12K
TypeSH
Market value$108.54M
7.16%
Sole
504.42K
Shared
0.00
None
700.00
ONEOK INC NEW
SOLEShares847.47K
TypeSH
Market value$85.09M
5.61%
Sole
846.47K
Shared
0.00
None
1K
DT MIDSTREAM INC
SOLEShares784.56K
TypeSH
Market value$78.01M
5.15%
Sole
783.42K
Shared
0.00
None
1.14K
KINDER MORGAN INC DEL
SOLEShares2.69M
TypeSH
Market value$73.62M
4.86%
Sole
2.68M
Shared
0.00
None
3.87K
PLAINS GP HLDGS L P
SOLEShares3.95M
TypeSH
Market value$72.66M
4.79%
Sole
3.95M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares1.33M
TypeSH
Market value$72.23M
4.76%
Sole
1.33M
Shared
0.00
None
1.59K
MPLX LP
SOLEShares1.51M
TypeSH
Market value$72.12M
4.76%
Sole
1.50M
Shared
0.00
None
2.36K
ENTERPRISE PRODS PARTNERS L
SOLEShares2.16M
TypeSH
Market value$67.78M
4.47%
Sole
2.16M
Shared
0.00
None
4.10K
TC ENERGY CORP
SOLEShares1.42M
TypeSH
Market value$65.90M
4.35%
Sole
1.41M
Shared
0.00
None
1.64K
PEMBINA PIPELINE CORP
SOLEShares1.68M
TypeSH
Market value$61.90M
4.08%
Sole
1.67M
Shared
0.00
None
1.99K
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.28M
TypeSH
Market value$49.21M
3.25%
Sole
1.28M
Shared
0.00
None
1.53K
HESS MIDSTREAM LP
SOLEShares1.29M
TypeSH
Market value$47.95M
3.16%
Sole
1.29M
Shared
0.00
None
845.00
EQT CORP
SOLEShares629.05K
TypeSH
Market value$29.01M
1.91%
Sole
628.19K
Shared
0.00
None
863.00
ENLINK MIDSTREAM LLC
SOLEShares2M
TypeSH
Market value$28.33M
1.87%
Sole
2M
Shared
0.00
None
4K
VISTRA CORP
SOLEShares187.60K
TypeSH
Market value$25.86M
1.71%
Sole
187.60K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares440K
TypeSH
Market value$24.95M
1.65%
Sole
440K
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares109.20K
TypeSH
Market value$22.00M
1.45%
Sole
109.20K
Shared
0.00
None
0.00
NEXTERA ENERGY PARTNERS LP
SOLEShares1.21M
TypeSH
Market value$21.45M
1.41%
Sole
1.21M
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares94.50K
TypeSH
Market value$21.14M
1.39%
Sole
94.50K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares168.31K
TypeSH
Market value$19.18M
1.26%
Sole
168.07K
Shared
0.00
None
240.00
VIPER ENERGY INC
SOLEShares298.80K
TypeSH
Market value$14.66M
0.97%
Sole
298.06K
Shared
0.00
None
745.00
ANTERO MIDSTREAM CORP
SOLEShares964K
TypeSH
Market value$14.55M
0.96%
Sole
964K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares306.68K
TypeSH
Market value$13.01M
0.86%
Sole
306.14K
Shared
0.00
None
530.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 7.59M | SH | $148.62M 9.80% | 7.58M | 0.00 | 9.43K |
TARGA RES CORPSOLE | COM | 672.71K | SH | $120.08M 7.92% | 671.91K | 0.00 | 800.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 505.12K | SH | $108.54M 7.16% | 504.42K | 0.00 | 700.00 |
ONEOK INC NEWSOLE | COM | 847.47K | SH | $85.09M 5.61% | 846.47K | 0.00 | 1K |
DT MIDSTREAM INCSOLE | COMMON STOCK | 784.56K | SH | $78.01M 5.15% | 783.42K | 0.00 | 1.14K |
KINDER MORGAN INC DELSOLE | COM | 2.69M | SH | $73.62M 4.86% | 2.68M | 0.00 | 3.87K |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 3.95M | SH | $72.66M 4.79% | 3.95M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 1.33M | SH | $72.23M 4.76% | 1.33M | 0.00 | 1.59K |
MPLX LPSOLE | COM UNIT REP LTD | 1.51M | SH | $72.12M 4.76% | 1.50M | 0.00 | 2.36K |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 2.16M | SH | $67.78M 4.47% | 2.16M | 0.00 | 4.10K |
TC ENERGY CORPSOLE | COM | 1.42M | SH | $65.90M 4.35% | 1.41M | 0.00 | 1.64K |
PEMBINA PIPELINE CORPSOLE | COM | 1.68M | SH | $61.90M 4.08% | 1.67M | 0.00 | 1.99K |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.28M | SH | $49.21M 3.25% | 1.28M | 0.00 | 1.53K |
HESS MIDSTREAM LPSOLE | CL A SHS | 1.29M | SH | $47.95M 3.16% | 1.29M | 0.00 | 845.00 |
EQT CORPSOLE | COM | 629.05K | SH | $29.01M 1.91% | 628.19K | 0.00 | 863.00 |
ENLINK MIDSTREAM LLCSOLE | COM UNIT REP LTD | 2M | SH | $28.33M 1.87% | 2M | 0.00 | 4K |
VISTRA CORPSOLE | COM | 187.60K | SH | $25.86M 1.71% | 187.60K | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 440K | SH | $24.95M 1.65% | 440K | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 109.20K | SH | $22.00M 1.45% | 109.20K | 0.00 | 0.00 |
NEXTERA ENERGY PARTNERS LPSOLE | COM UNIT PART IN | 1.21M | SH | $21.45M 1.41% | 1.21M | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 94.50K | SH | $21.14M 1.39% | 94.50K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 168.31K | SH | $19.18M 1.26% | 168.07K | 0.00 | 240.00 |
VIPER ENERGY INCSOLE | CL A | 298.80K | SH | $14.66M 0.97% | 298.06K | 0.00 | 745.00 |
ANTERO MIDSTREAM CORPSOLE | COM | 964K | SH | $14.55M 0.96% | 964K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 306.68K | SH | $13.01M 0.86% | 306.14K | 0.00 | 530.00 |
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