Filed: 4/28/2026ACC: 0001315863-26-000367
📋 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 $2.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
66
Positions
$2.02B
Total AUM (reported)
37.49M
Total Shares
Allocation by class
COM$1.13B55.7%
COM UT LTD PTN$154.35M7.6%
COM NEW$109.17M5.4%
COM UNIT REP LTD$106.10M5.3%
COMMON STOCK$97.92M4.8%
COM NEW CL A$90.72M4.5%
LTD PARTNR INT A$84.01M4.2%
Portfolio Concentration
Top 3$441.64M21.9%
4–10$646.90M32.0%
11–25$600.49M29.7%
Rest$331.10M16.4%
Top 3 weight
21.9%
Top 10 weight
53.9%
Voting Authority Distribution
Total shares with voting rights: 37.49M
Sole
Full voting authority
37.49M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole66
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings66
Rows:
TARGA RES CORP
SOLEShares652.30K
TypeSH
Market value$163.55M
8.10%
Sole
652.30K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares8M
TypeSH
Market value$154.35M
7.64%
Sole
8M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares1.70M
TypeSH
Market value$123.73M
6.13%
Sole
1.70M
Shared
0.00
None
0.00
MPLX LP
SOLEShares1.86M
TypeSH
Market value$106.10M
5.25%
Sole
1.86M
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares727.10K
TypeSH
Market value$97.92M
4.85%
Sole
727.10K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares1.07M
TypeSH
Market value$96.71M
4.79%
Sole
1.07M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares2.72M
TypeSH
Market value$91.28M
4.52%
Sole
2.72M
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares1.87M
TypeSH
Market value$90.72M
4.49%
Sole
1.87M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares3.46M
TypeSH
Market value$84.01M
4.16%
Sole
3.46M
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares1.28M
TypeSH
Market value$80.17M
3.97%
Sole
1.28M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares279.80K
TypeSH
Market value$79.40M
3.93%
Sole
279.80K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.68M
TypeSH
Market value$69.04M
3.42%
Sole
1.68M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.75M
TypeSH
Market value$66.05M
3.27%
Sole
1.75M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.36M
TypeSH
Market value$60.74M
3.01%
Sole
1.36M
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares1M
TypeSH
Market value$54.22M
2.68%
Sole
1M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares142.80K
TypeSH
Market value$34.87M
1.73%
Sole
142.80K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares180.10K
TypeSH
Market value$32.81M
1.62%
Sole
180.10K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares865.50K
TypeSH
Market value$28.84M
1.43%
Sole
865.50K
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares89.30K
TypeSH
Market value$28.51M
1.41%
Sole
89.30K
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares183.60K
TypeSH
Market value$27.60M
1.37%
Sole
183.60K
Shared
0.00
None
0.00
EQT CORP
SOLEShares403.26K
TypeSH
Market value$25.66M
1.27%
Sole
403.26K
Shared
0.00
None
0.00
NRG ENERGY INC
SOLEShares170.50K
TypeSH
Market value$24.92M
1.23%
Sole
170.50K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares82.70K
TypeSH
Market value$23.09M
1.14%
Sole
82.70K
Shared
0.00
None
0.00
MASTEC INC
SOLEShares70.90K
TypeSH
Market value$22.81M
1.13%
Sole
70.90K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
SOLEShares388K
TypeSH
Market value$21.93M
1.09%
Sole
388K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TARGA RES CORPSOLE | COM | 652.30K | SH | $163.55M 8.10% | 652.30K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 8M | SH | $154.35M 7.64% | 8M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 1.70M | SH | $123.73M 6.13% | 1.70M | 0.00 | 0.00 |
MPLX LPSOLE | COM UNIT REP LTD | 1.86M | SH | $106.10M 5.25% | 1.86M | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 727.10K | SH | $97.92M 4.85% | 727.10K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 1.07M | SH | $96.71M 4.79% | 1.07M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 2.72M | SH | $91.28M 4.52% | 2.72M | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 1.87M | SH | $90.72M 4.49% | 1.87M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 3.46M | SH | $84.01M 4.16% | 3.46M | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 1.28M | SH | $80.17M 3.97% | 1.28M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 279.80K | SH | $79.40M 3.93% | 279.80K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.68M | SH | $69.04M 3.42% | 1.68M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.75M | SH | $66.05M 3.27% | 1.75M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.36M | SH | $60.74M 3.01% | 1.36M | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 1M | SH | $54.22M 2.68% | 1M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 142.80K | SH | $34.87M 1.73% | 142.80K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 180.10K | SH | $32.81M 1.62% | 180.10K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 865.50K | SH | $28.84M 1.43% | 865.50K | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 89.30K | SH | $28.51M 1.41% | 89.30K | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 183.60K | SH | $27.60M 1.37% | 183.60K | 0.00 | 0.00 |
EQT CORPSOLE | COM | 403.26K | SH | $25.66M 1.27% | 403.26K | 0.00 | 0.00 |
NRG ENERGY INCSOLE | COM NEW | 170.50K | SH | $24.92M 1.23% | 170.50K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 82.70K | SH | $23.09M 1.14% | 82.70K | 0.00 | 0.00 |
MASTEC INCSOLE | COM | 70.90K | SH | $22.81M 1.13% | 70.90K | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCSOLE | COM CL A | 388K | SH | $21.93M 1.09% | 388K | 0.00 | 0.00 |
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