Filed: 8/14/2023ACC: 0001315863-23-000713
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 72 equity positions with a total reported market value of $1.03B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
72
Positions
$1.03B
Total AUM (reported)
48.51M
Total Shares
Allocation by class
COM$463.41M44.9%
COM UT LTD PTN$80.46M7.8%
LTD PARTNR INT A$75.46M7.3%
COM UNIT REP LTD$74.03M7.2%
COM NEW$71.20M6.9%
CL A SHS$36.44M3.5%
COMMON STOCK$32.94M3.2%
Portfolio Concentration
Top 3$245.36M23.7%
4–10$313.05M30.3%
11–25$342.27M33.1%
Rest$132.49M12.8%
Top 3 weight
23.7%
Top 10 weight
54.0%
Voting Authority Distribution
Total shares with voting rights: 48.51M
Sole
Full voting authority
48.46M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
45.43K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole20
Shared0
Other52
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings72
Rows:
TARGA RES CORP
DFNDShares1.18M
TypeSH
Market value$89.44M
8.66%
Sole
1.17M
Shared
0.00
None
1.38K
ENERGY TRANSFER L P
DFNDShares6.34M
TypeSH
Market value$80.46M
7.79%
Sole
6.33M
Shared
0.00
None
8.48K
PLAINS GP HLDGS L P
DFNDShares5.09M
TypeSH
Market value$75.46M
7.30%
Sole
5.09M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
DFNDShares425.95K
TypeSH
Market value$64.90M
6.28%
Sole
425.34K
Shared
0.00
None
615.00
WILLIAMS COS INC
DFNDShares1.48M
TypeSH
Market value$48.28M
4.67%
Sole
1.48M
Shared
0.00
None
1.67K
ONEOK INC NEW
DFNDShares698.63K
TypeSH
Market value$43.12M
4.17%
Sole
697.73K
Shared
0.00
None
900.00
PEMBINA PIPELINE CORP
DFNDShares1.33M
TypeSH
Market value$41.73M
4.04%
Sole
1.33M
Shared
0.00
None
1.36K
ENTERPRISE PRODS PARTNERS L
DFNDShares1.47M
TypeSH
Market value$38.76M
3.75%
Sole
1.47M
Shared
0.00
None
2.90K
KINDER MORGAN INC DEL
DFNDShares2.22M
TypeSH
Market value$38.30M
3.71%
Sole
2.22M
Shared
0.00
None
2.75K
MPLX LP
DFNDShares1.12M
TypeSH
Market value$37.97M
3.67%
Sole
1.12M
Shared
0.00
None
2.38K
EQUITRANS MIDSTREAM CORP
DFNDShares3.93M
TypeSH
Market value$37.59M
3.64%
Sole
3.93M
Shared
0.00
None
3.33K
ENLINK MIDSTREAM LLC
DFNDShares3.40M
TypeSH
Market value$36.06M
3.49%
Sole
3.40M
Shared
0.00
None
3.95K
DT MIDSTREAM INC
DFNDShares664.52K
TypeSH
Market value$32.94M
3.19%
Sole
663.97K
Shared
0.00
None
560.00
HESS MIDSTREAM LP
DFNDShares1.06M
TypeSH
Market value$32.42M
3.14%
Sole
1.06M
Shared
0.00
None
670.00
MARATHON PETE CORP
DFNDShares243.87K
TypeSH
Market value$28.44M
2.75%
Sole
243.49K
Shared
0.00
None
380.00
WESTERN MIDSTREAM PARTNERS L
DFNDShares1.06M
TypeSH
Market value$28.21M
2.73%
Sole
1.06M
Shared
0.00
None
2.35K
CRESTWOOD EQUITY PARTNERS LP
DFNDShares1.06M
TypeSH
Market value$28.03M
2.71%
Sole
1.06M
Shared
0.00
None
1.63K
NEXTERA ENERGY PARTNERS LP
DFNDShares421.11K
TypeSH
Market value$24.69M
2.39%
Sole
420.76K
Shared
0.00
None
345.00
CLEARWAY ENERGY INC
DFNDShares764.51K
TypeSH
Market value$21.83M
2.11%
Sole
764.51K
Shared
0.00
None
0.00
ENBRIDGE INC
DFNDShares575.70K
TypeSH
Market value$21.39M
2.07%
Sole
574.55K
Shared
0.00
None
1.15K
TC ENERGY CORP
DFNDShares407.88K
TypeSH
Market value$16.48M
1.60%
Sole
407.27K
Shared
0.00
None
605.00
ANTERO MIDSTREAM CORP
DFNDShares860K
TypeSH
Market value$9.98M
0.97%
Sole
860K
Shared
0.00
None
0.00
ATLANTICA SUSTAINABLE INFR P
DFNDShares394.31K
TypeSH
Market value$9.24M
0.89%
Sole
394.31K
Shared
0.00
None
0.00
MAGELLAN MIDSTREAM PRTNRS LP
DFNDShares121.44K
TypeSH
Market value$7.57M
0.73%
Sole
120.89K
Shared
0.00
None
550.00
TXO PARTNERS LP
SOLEShares341.50K
TypeSH
Market value$7.39M
0.72%
Sole
341.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TARGA RES CORPDFND | COM | 1.18M | SH | $89.44M 8.66% | 1.17M | 0.00 | 1.38K |
ENERGY TRANSFER L PDFND | COM UT LTD PTN | 6.34M | SH | $80.46M 7.79% | 6.33M | 0.00 | 8.48K |
PLAINS GP HLDGS L PDFND | LTD PARTNR INT A | 5.09M | SH | $75.46M 7.30% | 5.09M | 0.00 | 0.00 |
CHENIERE ENERGY INCDFND | COM NEW | 425.95K | SH | $64.90M 6.28% | 425.34K | 0.00 | 615.00 |
WILLIAMS COS INCDFND | COM | 1.48M | SH | $48.28M 4.67% | 1.48M | 0.00 | 1.67K |
ONEOK INC NEWDFND | COM | 698.63K | SH | $43.12M 4.17% | 697.73K | 0.00 | 900.00 |
PEMBINA PIPELINE CORPDFND | COM | 1.33M | SH | $41.73M 4.04% | 1.33M | 0.00 | 1.36K |
ENTERPRISE PRODS PARTNERS LDFND | COM | 1.47M | SH | $38.76M 3.75% | 1.47M | 0.00 | 2.90K |
KINDER MORGAN INC DELDFND | COM | 2.22M | SH | $38.30M 3.71% | 2.22M | 0.00 | 2.75K |
MPLX LPDFND | COM UNIT REP LTD | 1.12M | SH | $37.97M 3.67% | 1.12M | 0.00 | 2.38K |
EQUITRANS MIDSTREAM CORPDFND | COM | 3.93M | SH | $37.59M 3.64% | 3.93M | 0.00 | 3.33K |
ENLINK MIDSTREAM LLCDFND | COM UNIT REP LTD | 3.40M | SH | $36.06M 3.49% | 3.40M | 0.00 | 3.95K |
DT MIDSTREAM INCDFND | COMMON STOCK | 664.52K | SH | $32.94M 3.19% | 663.97K | 0.00 | 560.00 |
HESS MIDSTREAM LPDFND | CL A SHS | 1.06M | SH | $32.42M 3.14% | 1.06M | 0.00 | 670.00 |
MARATHON PETE CORPDFND | COM | 243.87K | SH | $28.44M 2.75% | 243.49K | 0.00 | 380.00 |
WESTERN MIDSTREAM PARTNERS LDFND | COM UNIT LP INT | 1.06M | SH | $28.21M 2.73% | 1.06M | 0.00 | 2.35K |
CRESTWOOD EQUITY PARTNERS LPDFND | UNIT LTD PARTNER | 1.06M | SH | $28.03M 2.71% | 1.06M | 0.00 | 1.63K |
NEXTERA ENERGY PARTNERS LPDFND | COM UNIT PART IN | 421.11K | SH | $24.69M 2.39% | 420.76K | 0.00 | 345.00 |
CLEARWAY ENERGY INCDFND | CL C | 764.51K | SH | $21.83M 2.11% | 764.51K | 0.00 | 0.00 |
ENBRIDGE INCDFND | COM | 575.70K | SH | $21.39M 2.07% | 574.55K | 0.00 | 1.15K |
TC ENERGY CORPDFND | COM | 407.88K | SH | $16.48M 1.60% | 407.27K | 0.00 | 605.00 |
ANTERO MIDSTREAM CORPDFND | COM | 860K | SH | $9.98M 0.97% | 860K | 0.00 | 0.00 |
ATLANTICA SUSTAINABLE INFR PDFND | SHS | 394.31K | SH | $9.24M 0.89% | 394.31K | 0.00 | 0.00 |
MAGELLAN MIDSTREAM PRTNRS LPDFND | COM UNIT RP LP | 121.44K | SH | $7.57M 0.73% | 120.89K | 0.00 | 550.00 |
TXO PARTNERS LPSOLE | COM UNIT | 341.50K | SH | $7.39M 0.72% | 341.50K | 0.00 | 0.00 |
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