Filed: 2/14/2023ACC: 0001315863-23-000333
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 74 equity positions with a total reported market value of $1.06B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
74
Positions
$1.06B
Total AUM (reported)
44.16M
Total Shares
Allocation by class
COM$467.24M44.0%
COM UT LTD PTN$89.48M8.4%
COM UNIT REP LTD$77.38M7.3%
LTD PARTNR INT A$72.34M6.8%
COM NEW$68.23M6.4%
UNIT LTD PARTNER$35.80M3.4%
COM UNIT LP INT$34.46M3.2%
Portfolio Concentration
Top 3$248.89M23.4%
4–10$332.33M31.3%
11–25$367.74M34.6%
Rest$112.51M10.6%
Top 3 weight
23.4%
Top 10 weight
54.8%
Voting Authority Distribution
Total shares with voting rights: 44.16M
Sole
Full voting authority
44.12M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
44.07K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole24
Shared0
Other50
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings74
Rows:
TARGA RES CORP
DFNDShares1.22M
TypeSH
Market value$89.32M
8.41%
Sole
1.21M
Shared
0.00
None
1.32K
ENERGY TRANSFER L P
DFNDShares7.35M
TypeSH
Market value$87.22M
8.22%
Sole
7.34M
Shared
0.00
None
7.93K
PLAINS GP HLDGS L P
DFNDShares5.82M
TypeSH
Market value$72.34M
6.82%
Sole
5.81M
Shared
0.00
None
3.14K
CHENIERE ENERGY INC
DFNDShares431.85K
TypeSH
Market value$64.76M
6.10%
Sole
431.26K
Shared
0.00
None
580.00
PEMBINA PIPELINE CORP
DFNDShares1.54M
TypeSH
Market value$52.18M
4.92%
Sole
1.54M
Shared
0.00
None
1.37K
ONEOK INC NEW
DFNDShares734.10K
TypeSH
Market value$48.23M
4.54%
Sole
733.30K
Shared
0.00
None
800.00
KINDER MORGAN INC DEL
DFNDShares2.39M
TypeSH
Market value$43.19M
4.07%
Sole
2.39M
Shared
0.00
None
3.02K
ENTERPRISE PRODS PARTNERS L
DFNDShares1.74M
TypeSH
Market value$41.90M
3.95%
Sole
1.73M
Shared
0.00
None
2.44K
MPLX LP
DFNDShares1.25M
TypeSH
Market value$41.12M
3.87%
Sole
1.25M
Shared
0.00
None
2.38K
WILLIAMS COS INC
DFNDShares1.24M
TypeSH
Market value$40.95M
3.86%
Sole
1.24M
Shared
0.00
None
1.49K
ENBRIDGE INC
DFNDShares942.33K
TypeSH
Market value$36.85M
3.47%
Sole
941.33K
Shared
0.00
None
1K
ENLINK MIDSTREAM LLC
DFNDShares2.95M
TypeSH
Market value$36.26M
3.42%
Sole
2.94M
Shared
0.00
None
3.56K
CRESTWOOD EQUITY PARTNERS LP
DFNDShares1.37M
TypeSH
Market value$35.80M
3.37%
Sole
1.37M
Shared
0.00
None
1.09K
WESTERN MIDSTREAM PARTNERS L
DFNDShares1.28M
TypeSH
Market value$34.46M
3.25%
Sole
1.28M
Shared
0.00
None
1.87K
MARATHON PETE CORP
DFNDShares294.10K
TypeSH
Market value$34.23M
3.22%
Sole
293.72K
Shared
0.00
None
380.00
DT MIDSTREAM INC
DFNDShares525.92K
TypeSH
Market value$29.06M
2.74%
Sole
525.48K
Shared
0.00
None
440.00
TC ENERGY CORP
DFNDShares717.77K
TypeSH
Market value$28.61M
2.70%
Sole
717.16K
Shared
0.00
None
610.00
HESS MIDSTREAM LP
DFNDShares942.97K
TypeSH
Market value$28.21M
2.66%
Sole
942.29K
Shared
0.00
None
675.00
NEXTERA ENERGY PARTNERS LP
DFNDShares333.63K
TypeSH
Market value$23.38M
2.20%
Sole
333.28K
Shared
0.00
None
345.00
CLEARWAY ENERGY INC
DFNDShares728.62K
TypeSH
Market value$23.22M
2.19%
Sole
728.34K
Shared
0.00
None
280.00
EQUITRANS MIDSTREAM CORP
DFNDShares2.43M
TypeSH
Market value$16.31M
1.54%
Sole
2.43M
Shared
0.00
None
3.83K
ALPS ETF TR
SOLEShares401.30K
TypeSH
Market value$15.28M
1.44%
Sole
401.30K
Shared
0.00
None
0.00
NUSTAR ENERGY LP
SOLEShares559K
TypeSH
Market value$8.94M
0.84%
Sole
559K
Shared
0.00
None
0.00
MAGELLAN MIDSTREAM PRTNRS LP
DFNDShares171.39K
TypeSH
Market value$8.61M
0.81%
Sole
170.72K
Shared
0.00
None
675.00
ATLANTICA SUSTAINABLE INFR P
DFNDShares329K
TypeSH
Market value$8.52M
0.80%
Sole
329K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TARGA RES CORPDFND | COM | 1.22M | SH | $89.32M 8.41% | 1.21M | 0.00 | 1.32K |
ENERGY TRANSFER L PDFND | COM UT LTD PTN | 7.35M | SH | $87.22M 8.22% | 7.34M | 0.00 | 7.93K |
PLAINS GP HLDGS L PDFND | LTD PARTNR INT A | 5.82M | SH | $72.34M 6.82% | 5.81M | 0.00 | 3.14K |
CHENIERE ENERGY INCDFND | COM NEW | 431.85K | SH | $64.76M 6.10% | 431.26K | 0.00 | 580.00 |
PEMBINA PIPELINE CORPDFND | COM | 1.54M | SH | $52.18M 4.92% | 1.54M | 0.00 | 1.37K |
ONEOK INC NEWDFND | COM | 734.10K | SH | $48.23M 4.54% | 733.30K | 0.00 | 800.00 |
KINDER MORGAN INC DELDFND | COM | 2.39M | SH | $43.19M 4.07% | 2.39M | 0.00 | 3.02K |
ENTERPRISE PRODS PARTNERS LDFND | COM | 1.74M | SH | $41.90M 3.95% | 1.73M | 0.00 | 2.44K |
MPLX LPDFND | COM UNIT REP LTD | 1.25M | SH | $41.12M 3.87% | 1.25M | 0.00 | 2.38K |
WILLIAMS COS INCDFND | COM | 1.24M | SH | $40.95M 3.86% | 1.24M | 0.00 | 1.49K |
ENBRIDGE INCDFND | COM | 942.33K | SH | $36.85M 3.47% | 941.33K | 0.00 | 1K |
ENLINK MIDSTREAM LLCDFND | COM UNIT REP LTD | 2.95M | SH | $36.26M 3.42% | 2.94M | 0.00 | 3.56K |
CRESTWOOD EQUITY PARTNERS LPDFND | UNIT LTD PARTNER | 1.37M | SH | $35.80M 3.37% | 1.37M | 0.00 | 1.09K |
WESTERN MIDSTREAM PARTNERS LDFND | COM UNIT LP INT | 1.28M | SH | $34.46M 3.25% | 1.28M | 0.00 | 1.87K |
MARATHON PETE CORPDFND | COM | 294.10K | SH | $34.23M 3.22% | 293.72K | 0.00 | 380.00 |
DT MIDSTREAM INCDFND | COMMON STOCK | 525.92K | SH | $29.06M 2.74% | 525.48K | 0.00 | 440.00 |
TC ENERGY CORPDFND | COM | 717.77K | SH | $28.61M 2.70% | 717.16K | 0.00 | 610.00 |
HESS MIDSTREAM LPDFND | CL A SHS | 942.97K | SH | $28.21M 2.66% | 942.29K | 0.00 | 675.00 |
NEXTERA ENERGY PARTNERS LPDFND | COM UNIT PART IN | 333.63K | SH | $23.38M 2.20% | 333.28K | 0.00 | 345.00 |
CLEARWAY ENERGY INCDFND | CL C | 728.62K | SH | $23.22M 2.19% | 728.34K | 0.00 | 280.00 |
EQUITRANS MIDSTREAM CORPDFND | COM | 2.43M | SH | $16.31M 1.54% | 2.43M | 0.00 | 3.83K |
ALPS ETF TRSOLE | ALERIAN MLP | 401.30K | SH | $15.28M 1.44% | 401.30K | 0.00 | 0.00 |
NUSTAR ENERGY LPSOLE | UNIT COM | 559K | SH | $8.94M 0.84% | 559K | 0.00 | 0.00 |
MAGELLAN MIDSTREAM PRTNRS LPDFND | COM UNIT RP LP | 171.39K | SH | $8.61M 0.81% | 170.72K | 0.00 | 675.00 |
ATLANTICA SUSTAINABLE INFR PDFND | SHS | 329K | SH | $8.52M 0.80% | 329K | 0.00 | 0.00 |
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