Filed: 7/28/2026ACC: 0001315863-26-000561
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 73 equity positions with a total reported market value of $2.23B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
73
Positions
$2.23B
Total AUM (reported)
40.27M
Total Shares
Allocation by class
COM$1.22B54.5%
COM UT LTD PTN$151.50M6.8%
COM NEW$119.99M5.4%
COMMON STOCK$107.13M4.8%
LTD PARTNR INT A$92.10M4.1%
COM UNIT REP LTD$90.95M4.1%
COM CL A$90.83M4.1%
Portfolio Concentration
Top 3$454.94M20.4%
4–10$623.92M27.9%
11–25$616.54M27.6%
Rest$539.38M24.1%
Top 3 weight
20.4%
Top 10 weight
48.3%
Voting Authority Distribution
Total shares with voting rights: 40.27M
Sole
Full voting authority
40.27M
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)
Sole73
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings73
Rows:
TARGA RES CORP
SOLEShares614.30K
TypeSH
Market value$164.72M
7.37%
Sole
614.30K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares7.92M
TypeSH
Market value$151.50M
6.78%
Sole
7.92M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares1.87M
TypeSH
Market value$138.73M
6.21%
Sole
1.87M
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares730.10K
TypeSH
Market value$107.13M
4.79%
Sole
730.10K
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares3.79M
TypeSH
Market value$92.10M
4.12%
Sole
3.79M
Shared
0.00
None
0.00
MPLX LP
SOLEShares1.61M
TypeSH
Market value$90.95M
4.07%
Sole
1.61M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares985.90K
TypeSH
Market value$85.71M
3.84%
Sole
985.90K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares1.75M
TypeSH
Market value$84.69M
3.79%
Sole
1.75M
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares1.25M
TypeSH
Market value$82.58M
3.70%
Sole
1.25M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares337.80K
TypeSH
Market value$80.74M
3.61%
Sole
337.80K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares2.04M
TypeSH
Market value$65.20M
2.92%
Sole
2.04M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.57M
TypeSH
Market value$57.55M
2.58%
Sole
1.57M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.26M
TypeSH
Market value$55.13M
2.47%
Sole
1.26M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.16M
TypeSH
Market value$53.56M
2.40%
Sole
1.16M
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares956.50K
TypeSH
Market value$51.85M
2.32%
Sole
956.50K
Shared
0.00
None
0.00
BLOOM ENERGY CORP
SOLEShares136.90K
TypeSH
Market value$41.44M
1.85%
Sole
136.90K
Shared
0.00
None
0.00
ARGAN INC
SOLEShares45.50K
TypeSH
Market value$36.33M
1.63%
Sole
45.50K
Shared
0.00
None
0.00
MASTEC INC
SOLEShares82.80K
TypeSH
Market value$34.45M
1.54%
Sole
82.80K
Shared
0.00
None
0.00
GE VERNOVA INC
SOLEShares28.70K
TypeSH
Market value$33.72M
1.51%
Sole
28.70K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
SOLEShares418K
TypeSH
Market value$33.63M
1.50%
Sole
418K
Shared
0.00
None
0.00
QUANTA SVCS INC
SOLEShares43.80K
TypeSH
Market value$31.54M
1.41%
Sole
43.80K
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares198K
TypeSH
Market value$31.41M
1.41%
Sole
198K
Shared
0.00
None
0.00
NRG ENERGY INC
SOLEShares212.70K
TypeSH
Market value$31.07M
1.39%
Sole
212.70K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares855.50K
TypeSH
Market value$30.15M
1.35%
Sole
855.50K
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares76.80K
TypeSH
Market value$29.51M
1.32%
Sole
76.80K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TARGA RES CORPSOLE | COM | 614.30K | SH | $164.72M 7.37% | 614.30K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 7.92M | SH | $151.50M 6.78% | 7.92M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 1.87M | SH | $138.73M 6.21% | 1.87M | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 730.10K | SH | $107.13M 4.79% | 730.10K | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 3.79M | SH | $92.10M 4.12% | 3.79M | 0.00 | 0.00 |
MPLX LPSOLE | COM UNIT REP LTD | 1.61M | SH | $90.95M 4.07% | 1.61M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 985.90K | SH | $85.71M 3.84% | 985.90K | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 1.75M | SH | $84.69M 3.79% | 1.75M | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 1.25M | SH | $82.58M 3.70% | 1.25M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 337.80K | SH | $80.74M 3.61% | 337.80K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 2.04M | SH | $65.20M 2.92% | 2.04M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.57M | SH | $57.55M 2.58% | 1.57M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.26M | SH | $55.13M 2.47% | 1.26M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.16M | SH | $53.56M 2.40% | 1.16M | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 956.50K | SH | $51.85M 2.32% | 956.50K | 0.00 | 0.00 |
BLOOM ENERGY CORPSOLE | COM CL A | 136.90K | SH | $41.44M 1.85% | 136.90K | 0.00 | 0.00 |
ARGAN INCSOLE | COM | 45.50K | SH | $36.33M 1.63% | 45.50K | 0.00 | 0.00 |
MASTEC INCSOLE | COM | 82.80K | SH | $34.45M 1.54% | 82.80K | 0.00 | 0.00 |
GE VERNOVA INCSOLE | COM | 28.70K | SH | $33.72M 1.51% | 28.70K | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCSOLE | COM CL A | 418K | SH | $33.63M 1.50% | 418K | 0.00 | 0.00 |
QUANTA SVCS INCSOLE | COM | 43.80K | SH | $31.54M 1.41% | 43.80K | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 198K | SH | $31.41M 1.41% | 198K | 0.00 | 0.00 |
NRG ENERGY INCSOLE | COM NEW | 212.70K | SH | $31.07M 1.39% | 212.70K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 855.50K | SH | $30.15M 1.35% | 855.50K | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 76.80K | SH | $29.51M 1.32% | 76.80K | 0.00 | 0.00 |
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