Filed: 4/24/2025ACC: 0001085146-25-002315
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 61 equity positions with a total reported market value of $1.62B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
61
Positions
$1.62B
Total AUM (reported)
36.44M
Total Shares
Allocation by class
COM$864.81M53.3%
COM NEW$138.31M8.5%
COM UT LTD PTN$137.88M8.5%
COM UNIT REP LTD$97.55M6.0%
LTD PARTNR INT A$86.14M5.3%
CL A SHS$77.20M4.8%
COMMON STOCK$72.42M4.5%
Portfolio Concentration
Top 3$400.33M24.7%
4–10$609.88M37.6%
11–25$480.78M29.6%
Rest$132.66M8.2%
Top 3 weight
24.7%
Top 10 weight
62.2%
Voting Authority Distribution
Total shares with voting rights: 36.44M
Sole
Full voting authority
36.40M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
42.37K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole61
Shared0
Other0
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings61
Rows:
ENERGY TRANSFER L P
SOLEShares7.42M
TypeSH
Market value$137.88M
8.49%
Sole
7.41M
Shared
0.00
None
8.85K
TARGA RES CORP
SOLEShares684.54K
TypeSH
Market value$137.23M
8.45%
Sole
683.72K
Shared
0.00
None
825.00
CHENIERE ENERGY INC
SOLEShares541.14K
TypeSH
Market value$125.22M
7.71%
Sole
540.42K
Shared
0.00
None
725.00
ONEOK INC NEW
SOLEShares1.14M
TypeSH
Market value$112.99M
6.96%
Sole
1.14M
Shared
0.00
None
1.74K
MPLX LP
SOLEShares1.82M
TypeSH
Market value$97.55M
6.01%
Sole
1.82M
Shared
0.00
None
2.70K
PLAINS GP HLDGS L P
SOLEShares4.03M
TypeSH
Market value$86.14M
5.31%
Sole
4.03M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares2.87M
TypeSH
Market value$81.86M
5.04%
Sole
2.87M
Shared
0.00
None
4.05K
WILLIAMS COS INC
SOLEShares1.35M
TypeSH
Market value$80.50M
4.96%
Sole
1.35M
Shared
0.00
None
2K
HESS MIDSTREAM LP
SOLEShares1.83M
TypeSH
Market value$77.20M
4.75%
Sole
1.82M
Shared
0.00
None
1.82K
TC ENERGY CORP
SOLEShares1.56M
TypeSH
Market value$73.64M
4.54%
Sole
1.56M
Shared
0.00
None
1.38K
DT MIDSTREAM INC
SOLEShares750.62K
TypeSH
Market value$72.42M
4.46%
Sole
749.57K
Shared
0.00
None
1.05K
PEMBINA PIPELINE CORP
SOLEShares1.79M
TypeSH
Market value$71.47M
4.40%
Sole
1.78M
Shared
0.00
None
2.02K
ENTERPRISE PRODS PARTNERS L
SOLEShares1.93M
TypeSH
Market value$65.75M
4.05%
Sole
1.92M
Shared
0.00
None
3.89K
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.33M
TypeSH
Market value$54.63M
3.36%
Sole
1.33M
Shared
0.00
None
2.23K
EQT CORP
SOLEShares665.74K
TypeSH
Market value$35.57M
2.19%
Sole
664.93K
Shared
0.00
None
808.00
KINETIK HOLDINGS INC
SOLEShares590K
TypeSH
Market value$30.64M
1.89%
Sole
590K
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares240K
TypeSH
Market value$28.19M
1.74%
Sole
240K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares183.19K
TypeSH
Market value$22.62M
1.39%
Sole
182.96K
Shared
0.00
None
225.00
TALEN ENERGY CORP
SOLEShares88.70K
TypeSH
Market value$17.71M
1.09%
Sole
88.70K
Shared
0.00
None
0.00
CLEARWAY ENERGY INC
SOLEShares522K
TypeSH
Market value$15.80M
0.97%
Sole
522K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares72.50K
TypeSH
Market value$14.62M
0.90%
Sole
72.50K
Shared
0.00
None
0.00
ANTERO MIDSTREAM CORP
SOLEShares774K
TypeSH
Market value$13.93M
0.86%
Sole
774K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares301.50K
TypeSH
Market value$13.36M
0.82%
Sole
301.50K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares86.53K
TypeSH
Market value$12.61M
0.78%
Sole
86.40K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares254K
TypeSH
Market value$11.47M
0.71%
Sole
254K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 7.42M | SH | $137.88M 8.49% | 7.41M | 0.00 | 8.85K |
TARGA RES CORPSOLE | COM | 684.54K | SH | $137.23M 8.45% | 683.72K | 0.00 | 825.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 541.14K | SH | $125.22M 7.71% | 540.42K | 0.00 | 725.00 |
ONEOK INC NEWSOLE | COM | 1.14M | SH | $112.99M 6.96% | 1.14M | 0.00 | 1.74K |
MPLX LPSOLE | COM UNIT REP LTD | 1.82M | SH | $97.55M 6.01% | 1.82M | 0.00 | 2.70K |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 4.03M | SH | $86.14M 5.31% | 4.03M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 2.87M | SH | $81.86M 5.04% | 2.87M | 0.00 | 4.05K |
WILLIAMS COS INCSOLE | COM | 1.35M | SH | $80.50M 4.96% | 1.35M | 0.00 | 2K |
HESS MIDSTREAM LPSOLE | CL A SHS | 1.83M | SH | $77.20M 4.75% | 1.82M | 0.00 | 1.82K |
TC ENERGY CORPSOLE | COM | 1.56M | SH | $73.64M 4.54% | 1.56M | 0.00 | 1.38K |
DT MIDSTREAM INCSOLE | COMMON STOCK | 750.62K | SH | $72.42M 4.46% | 749.57K | 0.00 | 1.05K |
PEMBINA PIPELINE CORPSOLE | COM | 1.79M | SH | $71.47M 4.40% | 1.78M | 0.00 | 2.02K |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.93M | SH | $65.75M 4.05% | 1.92M | 0.00 | 3.89K |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.33M | SH | $54.63M 3.36% | 1.33M | 0.00 | 2.23K |
EQT CORPSOLE | COM | 665.74K | SH | $35.57M 2.19% | 664.93K | 0.00 | 808.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 590K | SH | $30.64M 1.89% | 590K | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 240K | SH | $28.19M 1.74% | 240K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 183.19K | SH | $22.62M 1.39% | 182.96K | 0.00 | 225.00 |
TALEN ENERGY CORPSOLE | COM | 88.70K | SH | $17.71M 1.09% | 88.70K | 0.00 | 0.00 |
CLEARWAY ENERGY INCSOLE | CL C | 522K | SH | $15.80M 0.97% | 522K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 72.50K | SH | $14.62M 0.90% | 72.50K | 0.00 | 0.00 |
ANTERO MIDSTREAM CORPSOLE | COM | 774K | SH | $13.93M 0.86% | 774K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 301.50K | SH | $13.36M 0.82% | 301.50K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 86.53K | SH | $12.61M 0.78% | 86.40K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 254K | SH | $11.47M 0.71% | 254K | 0.00 | 0.00 |
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