CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

Est. AUM

$2.02B

13F long equity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	TARGA RES CORP	COM	$163.6M	652,300	8.10%	SOLE
2	ENERGY TRANSFER L P	COM UT LTD PTN	$154.4M	7,997,600	7.64%	SOLE
3	WILLIAMS COS INC	COM	$123.7M	1,700,100	6.13%	SOLE
4	MPLX LP	COM UNIT REP LTD	$106.1M	1,859,100	5.25%	SOLE
5	DT MIDSTREAM INC	COMMON STOCK	$97.9M	727,100	4.85%	SOLE
6	ONEOK INC NEW	COM	$96.7M	1,069,900	4.79%	SOLE
7	KINDER MORGAN INC DEL	COM	$91.3M	2,722,300	4.52%	SOLE
8	KINETIK HOLDINGS INC	COM NEW CL A	$90.7M	1,874,000	4.49%	SOLE
9	PLAINS GP HLDGS L P	LTD PARTNR INT A	$84.0M	3,460,000	4.16%	SOLE
10	TC ENERGY CORP	COM	$80.2M	1,280,600	3.97%	SOLE
11	CHENIERE ENERGY INC	COM NEW	$79.4M	279,800	3.93%	SOLE
12	WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	$69.0M	1,676,900	3.42%	SOLE
13	ENTERPRISE PRODS PARTNERS L	COM	$66.0M	1,745,500	3.27%	SOLE
14	PEMBINA PIPELINE CORP	COM	$60.7M	1,357,100	3.01%	SOLE
15	ENBRIDGE INC	COM	$54.2M	1,001,500	2.68%	SOLE
16	MARATHON PETE CORP	COM	$34.9M	142,800	1.73%	SOLE
17	PHILLIPS 66	COM	$32.8M	180,100	1.62%	SOLE
18	SOUTH BOW CORP	COM	$28.8M	865,500	1.43%	SOLE
19	TALEN ENERGY CORP	COM	$28.5M	89,300	1.41%	SOLE
20	VISTRA CORP	COM	$27.6M	183,600	1.37%	SOLE
21	EQT CORP	COM	$25.7M	403,258	1.27%	SOLE
22	NRG ENERGY INC	COM NEW	$24.9M	170,500	1.23%	SOLE
23	CONSTELLATION ENERGY CORP	COM	$23.1M	82,700	1.14%	SOLE
24	MASTEC INC	COM	$22.8M	70,900	1.13%	SOLE
25	SOLARIS ENERGY INFRAS INC	COM CL A	$21.9M	388,000	1.09%	SOLE
26	PRIMORIS SVCS CORP	COM	$21.7M	152,000	1.08%	SOLE
27	GE VERNOVA INC	COM	$20.9M	24,000	1.04%	SOLE
28	QUANTA SVCS INC	COM	$20.9M	38,000	1.03%	SOLE
29	ARGAN INC	COM	$20.7M	38,000	1.02%	SOLE
30	BLOOM ENERGY CORP	COM CL A	$18.3M	135,000	0.91%	SOLE
31	NEXTPOWER INC	CLASS A COM	$17.2M	143,000	0.85%	SOLE
32	ARKO PETE CORP	CL A COM	$12.7M	712,451	0.63%	SOLE
33	SUNOCOCORP LLC	COM SHS LLC	$12.3M	200,000	0.61%	SOLE
34	DYCOM INDS INC	COM	$12.2M	36,000	0.60%	SOLE
35	CROWDSTRIKE HLDGS INC	CL A	$11.7M	30,000	0.58%	SOLE
36	PALO ALTO NETWORKS INC	COM	$11.5M	72,000	0.57%	SOLE
37	DIGITALOCEAN HLDGS INC	COM	$11.3M	132,200	0.56%	SOLE
38	EXCELERATE ENERGY INC	CL A COM	$10.9M	325,000	0.54%	SOLE
39	CLOUDFLARE INC	CL A COM	$10.3M	50,000	0.51%	SOLE
40	VIPER ENERGY INC	CL A	$9.6M	205,000	0.48%	SOLE
41	NEXTERA ENERGY INC	COM	$8.8M	95,000	0.44%	SOLE
42	TXO PARTNERS LP	COM UNIT	$7.3M	581,000	0.36%	SOLE
43	ENTERGY CORP NEW	COM	$7.1M	63,000	0.35%	SOLE
44	SELECT WATER SOLUTIONS INC	CL A COM	$6.4M	420,000	0.32%	SOLE
45	DIGITAL RLTY TR INC	COM	$6.1M	34,000	0.30%	SOLE
46	SELECT SECTOR SPDR TRPUT	STATE STREET ENE	$6.1M	100,000	0.30%	SOLE
47	SOLV ENERGY INC	COM SHS CL A	$6.0M	200,000	0.30%	SOLE
48	WATERBRIDGE INFRASTRUCTURE L	CL A SHS REPSTG	$5.4M	202,500	0.27%	SOLE
49	IREN LIMITED	ORDINARY SHARES	$5.4M	157,000	0.27%	SOLE
50	ALLIANCE RESOURCE PARTNERS L	UT LTD PART	$5.3M	191,000	0.26%	SOLE

1–50 of 66

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Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.