CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT
Sector Allocation
- Energy75.0%$1.6B
- Technology9.2%$199.7M
- Utilities7.6%$164.8M
- Industrials4.7%$101.8M
- Financials1.5%$32.5M
- Communication Services0.9%$20.0M
- Materials0.6%$14.0M
- Real Estate0.4%$8.2M
- Consumer Staples0.2%$4.4M
- Other0.0%$89,600
AUM History
13fpro.ai/research/fund/cushing-asset-management-lp-dba-nxg-investment-management-1329375
Conviction and streaks
Diversifying · top 10 = 46.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
ET
$153.7MTRGP
$150.0MWMB
$121.5MPAGP
$97.0MLNG
$89.1MKNTK
$89.0MDTM
$82.1MOKE
$81.9MMPLX
$75.0MSEI
$73.2MKMI
$68.6MTRP
$66.2MEPD
$64.2MWES
$59.1MPBA
$51.6MBE
$40.2MKGS
$38.6MGEV
$36.7MCRWD
$32.5MPANW
$31.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/cushing-asset-management-lp-dba-nxg-investment-management-1329375
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F holdings — Q3 2026
$2.2B portfolio (-2.4% QoQ) · 73 holdings · Q3 2026 13F · top 10 are 46% of the stock portfolio
$153.7M
7.0% of stocks
-2%This quarter—Since Q-end—HeldAIQuality64.1#535Est. buy—$150.0M
6.9% of stocks
-10%This quarter—Since Q-end—HeldAIQuality61.1#813Est. buy—$121.5M
5.6% of stocks
-4%This quarter—Since Q-end—HeldAIQuality61.2#803Est. buy—$97.0M
4.5% of stocks
-1%This quarter—Since Q-end—HeldAIQuality55.3#1,248Est. buy—$89.1M
4.1% of stocks
-2%This quarter—Since Q-end—HeldAIQuality65.5#470Est. buy—$89.0M
4.1% of stocks
+1%This quarter—Since Q-end—Held$82.1M
3.8% of stocks
-6%This quarter—Since Q-end—Held$81.9M
3.8% of stocks
-3%This quarter—Since Q-end—Held$75.0M
3.4% of stocks
-18%This quarter—Since Q-end—Held$73.2M
3.4% of stocks
+146%This quarter—Since Q-end—Held
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $153.7M | 7.0% | -2% | — | — | 64.1#535 | — | ||
| 2 | $150.0M | 6.9% | -10% | — | — | 61.1#813 | — | ||
| 3 | $121.5M | 5.6% | -4% | — | — | 61.2#803 | — | ||
| 4 | $97.0M | 4.5% | -1% | — | — | 55.3#1,248 | — | ||
| 5 | $89.1M | 4.1% | -2% | — | — | 65.5#470 | — | ||
| 6 | $89.0M | 4.1% | +1% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $82.1M | 3.8% | -6% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 8 | $81.9M | 3.8% | -3% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $75.0M | 3.4% | -18% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $73.2M | 3.4% | +146% | — | — | AI quality score is Pro: unlock with a free trial | — |
All holdings — CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT (Q3 2026)
73 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | KINDER MORGAN, INC. | Energy | $68.6M | 3.1% | 2.27M | +12% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | TC ENERGY CORP | Energy | $66.2M | 3.0% | 1.15M | -8% | — | — | 13F | |
| 13 | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $64.2M | 2.9% | 1.80M | +15% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Western Midstream Partners, LPlp unit | Energy | $59.1M | 2.7% | 1.33M | +6% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | PEMBINA PIPELINE CORP | Energy | $51.6M | 2.4% | 1.16M | — | — | — | 13F | |
| 16 | Bloom Energy Corp | Technology | $40.2M | 1.8% | 145K | +6% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Kodiak Gas Services, Inc. | Energy | $38.6M | 1.8% | 728K | +143% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | GE Vernova Inc. | Industrials | $36.7M | 1.7% | 39K | +35% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | CrowdStrike Holdings, Inc. | Technology | $32.5M | 1.5% | 123K | +323% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Palo Alto Networks Inc | Technology | $31.8M | 1.5% | 80K | +7% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Vistra Corp. | Utilities | $31.0M | 1.4% | 224K | +13% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Constellation Energy Corp | Utilities | $30.7M | 1.4% | 121K | +13% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Talen Energy Corp | Utilities | $29.0M | 1.3% | 93K | +21% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | ENBRIDGE INC | Energy | $28.9M | 1.3% | 622K | -35% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | QUANTA SERVICES, INC. | Industrials | $26.5M | 1.2% | 41K | -6% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WTTR | Select Water Solutions, Inc. | Energy | $26.3M | 1.2% | 1.33M | +30% | |||
| 27 | $NRG | NRG ENERGY, INC. | Utilities | $26.3M | 1.2% | 275K | +29% | |||
| 28 | $SUNC | SunocoCorp LLC | Energy | $26.0M | 1.2% | 356K | -12% | |||
| 29 | $MPC | Marathon Petroleum Corp | Energy | $24.0M | 1.1% | 61K | +22% | |||
| 30 | $VG | Venture Global, Inc. | Energy | $23.6M | 1.1% | 1.87M | +35% | |||
| 31 | $SOBO | South Bow Corp | Energy | $23.4M | 1.1% | 706K | -18% | |||
| 32 | $NET | Cloudflare, Inc. | Technology | $20.8M | 1.0% | 60K | — | |||
| 33 | $EE | Excelerate Energy, Inc. | Energy | $20.7M | 0.9% | 645K | -0.8% | |||
| 34 | $IRDM | Iridium Communications Inc. | Communication Services | $20.0M | 0.9% | 417K | +76% | |||
| 35 | $DOCN | DigitalOcean Holdings, Inc. | Technology | $19.4M | 0.9% | 146K | +4% | |||
| 36 | $WBI | WaterBridge Infrastructure LLC | Energy | $18.6M | 0.8% | 660K | +6% | |||
| 37 | $MTZ | MASTEC INC | Energy | $16.8M | 0.8% | 79K | -5% | |||
| 38 | $AGX | ARGAN INC | Industrials | $16.4M | 0.8% | 43K | -5% | |||
| 39 | $PSX | Phillips 66 | Energy | $14.8M | 0.7% | 58K | -21% | |||
| 40 | $DY | DYCOM INDUSTRIES INC | Energy | $13.7M | 0.6% | 51K | -2% | |||
| 41 | $NXT | Nextpower Inc. | Technology | $13.5M | 0.6% | 174K | -4% | |||
| 42 | $MWH | SOLV Energy, Inc. | Industrials | $12.2M | 0.6% | 506K | -3% | |||
| 43 | $EQT | EQT Corp | Energy | $11.6M | 0.5% | 238K | -41% | |||
| 44 | $SNOW | Snowflake Inc. | Technology | $11.5M | 0.5% | 34K | — | |||
| 45 | $NBIS | Nebius Group N.V. | Technology | $10.5M | 0.5% | 45K | +42% | |||
| 46 | $STRL | STERLING INFRASTRUCTURE, INC. | Industrials | $10.1M | 0.5% | 20K | -0.5% | |||
| 47 | $AESI | Atlas Energy Solutions Inc. | Energy | $10.0M | 0.5% | 832K | New | |||
| 48 | $ETR | ENTERGY CORP /DE/ | Utilities | $9.9M | 0.5% | 100K | — | |||
| 49 | $EROK | EagleRock Land, LLC | Financials | $9.8M | 0.5% | 470K | — | |||
| 50 | $IREN | IREN Ltd | Financials | $8.6M | 0.4% | 210K | +34% | |||
| 51 | $ENTG | ENTEGRIS INC | Materials | $8.5M | 0.4% | 55K | -7% | |||
| 52 | $DLR | DIGITAL REALTY TRUST, INC. | Real Estate | $8.2M | 0.4% | 47K | — | |||
| 53 | $CRWV | CoreWeave, Inc. | Technology | $7.7M | 0.3% | 88K | +5767% | |||
| 54 | $AM | Antero Midstream Corp | Energy | $7.5M | 0.3% | 374K | +49% | |||
| 55 | $AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | $7.1M | 0.3% | 60K | — | |||
| 56 | $FSLR | FIRST SOLAR, INC. | Technology | $7.0M | 0.3% | 40K | New | |||
| 57 | $DUK | Duke Energy CORP | Utilities | $7.0M | 0.3% | 61K | — | |||
| 58 | $D | DOMINION ENERGY, INC | Utilities | $6.8M | 0.3% | 113K | -3% | |||
| 59 | $WEC | WEC ENERGY GROUP, INC. | Utilities | $6.8M | 0.3% | 67K | — | |||
| 60 | $SO | SOUTHERN CO | Utilities | $6.6M | 0.3% | 80K | — | |||
| 61 | $CORZ | Core Scientific, Inc./tx | Financials | $6.2M | 0.3% | 390K | +5469% | |||
| 62 | $CIFR | Cipher Digital Inc. | Financials | $5.5M | 0.3% | 348K | +62% | |||
| 63 | $ECL | ECOLAB INC. | Materials | $5.5M | 0.3% | 20K | +100% | |||
| 64 | $DT | Dynatrace, Inc. | Technology | $4.6M | 0.2% | 80K | New | |||
| 65 | $TXO | TXO Partners, L.P. | Energy | $4.5M | 0.2% | 332K | -37% | |||
| 66 | $ARKO | ARKO Corp. | Consumer Staples | $4.4M | 0.2% | 1.07M | +26% | |||
| 67 | $NEE | NEXTERA ENERGY INC | Utilities | $3.6M | 0.2% | 48K | — | |||
| 68 | $PAA | PLAINS ALL AMERICAN PIPELINE LP | Energy | $2.5M | 0.1% | 107K | +2% | |||
| 69 | $WULF | TERAWULF INC. | Financials | $2.0M | 0.1% | 135K | New | |||
| 70 | $NGL | NGL Energy Partners LP | Energy | $1.4M | 0.1% | 97K | -12% | |||
| 71 | $CLSK | CLEANSPARK, INC. | Financials | $412K | 0.0% | 32K | — | |||
| 72 | $QS | QuantumScape Corp | Technology | $93K | 0.0% | 20K | — | |||
| 73 | — | CAPSTONE ENERGY PLUS INC - COM | — | $90K | 0.0% | 20K | New |
What changed in Q3 2026
Against the previous quarter's 13F: 5 new, 29 added to, 26 trimmed, 5 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
Added to (29)
now $73.2M
now $32.5M
now $38.6M
now $36.7M
$IRDMIridium Communications Inc.+76%
now $20.0M
now $64.2M
+23 more in the Excel export
Holdings by quarter
Every 13F CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has filed, 41 earlier quarters. Pick one to see what it held then.
Portfolio Overview
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT disclosed 73 positions worth $2.2B in its Form 13F-HR for Q3 2026, led by $ET (Energy Transfer LP) at 7.0% of the equity portfolio, followed by $TRGP and $WMB. During the quarter the fund opened 5 new positions and exited 5 — including a new stake in $AESI and a full exit from $APC. The portfolio is most concentrated in Energy (75.0% of disclosed assets). All figures are sourced directly from CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT’s Form 13F-HR filing with the SEC under CIK 1329375.
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