CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT Q4 2025 Filing
Filed January 27, 2026
Portfolio Value
$1.7B
Holdings
60
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (60 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER L P | 7,991,600 | $131.8M | 7.56% | |
| 2 | TRGPTARGA RES CORP | 681,300 | $125.7M | 7.21% | |
| 3 | MPLXMPLX LP | 1,883,800 | $100.5M | 5.77% | |
| 4 | WMBWILLIAMS COS INC | 1,595,100 | $95.9M | 5.50% | |
| 5 | OKEONEOK INC NEW | 1,297,916 | $95.4M | 5.47% | |
| 6 | DTMDT MIDSTREAM INC | 749,300 | $89.7M | 5.14% | |
| 7 | KMIKINDER MORGAN INC DEL | 2,865,000 | $78.8M | 4.52% | |
| 8 | PAGPPLAINS GP HLDGS L P | 3,725,000 | $71.3M | 4.09% | |
| 9 | TRPTC ENERGY CORP | 1,295,500 | $71.3M | 4.09% | |
| 10 | KNTKKINETIK HOLDINGS INC | 1,843,400 | $66.5M | 3.81% | |
| 11 | LNGCHENIERE ENERGY INC | 324,800 | $63.1M | 3.62% | |
| 12 | WESWESTERN MIDSTREAM PARTNERS L | 1,540,900 | $60.9M | 3.49% | |
| 13 | EPDENTERPRISE PRODS PARTNERS L | 1,792,500 | $57.5M | 3.30% | |
| 14 | PPLPEMBINA PIPELINE CORP | 1,347,100 | $51.3M | 2.94% | |
| 15 | HESMHESS MIDSTREAM LP | 1,357,200 | $46.8M | 2.69% | |
| 16 | TLNTALEN ENERGY CORP | 117,200 | $43.9M | 2.52% | |
| 17 | CEGCONSTELLATION ENERGY CORP | 116,700 | $41.2M | 2.36% | |
| 18 | SOBOSOUTH BOW CORP | 1,490,500 | $40.9M | 2.35% | |
| 19 | VSTVISTRA CORP | 208,700 | $33.7M | 1.93% | |
| 20 | GEVGE VERNOVA INC | 47,850 | $31.3M | 1.79% | |
| 21 | ENBENBRIDGE INC | 601,500 | $28.8M | 1.65% | |
| 22 | NRANRG ENERGY INC | 162,000 | $25.8M | 1.48% | |
| 23 | PSXPHILLIPS 66 | 190,900 | $24.6M | 1.41% | |
| 24 | EQTEQT CORP | 344,258 | $18.5M | 1.06% | |
| 25 | FSLRFIRST SOLAR INC | 68,000 | $17.8M | 1.02% | |
| 26 | PWRQUANTA SVCS INC | 39,000 | $16.5M | 0.94% | |
| 27 | PRIMPRIMORIS SVCS CORP | 127,000 | $15.8M | 0.90% | |
| 28 | MTZMASTEC INC | 70,500 | $15.3M | 0.88% | |
| 29 | NXTNEXTPOWER INC | 163,000 | $14.2M | 0.81% | |
| 30 | MPCMARATHON PETE CORP | 82,500 | $13.4M | 0.77% | |
| 31 | CRWDCROWDSTRIKE HLDGS INC | 25,000 | $11.7M | 0.67% | |
| 32 | AGXARGAN INC | 35,000 | $11.0M | 0.63% | |
| 33 | VNOMVIPER ENERGY INC | 279,000 | $10.8M | 0.62% | |
| 34 | BEBLOOM ENERGY CORP | 115,000 | $10.0M | 0.57% | |
| 35 | PANWPALO ALTO NETWORKS INC | 47,000 | $8.7M | 0.50% | |
| 36 | CVECENOVUS ENERGY INC | 460,000 | $7.8M | 0.45% | |
| 37 | TXOTXO PARTNERS LP | 581,000 | $6.2M | 0.36% | |
| 38 | NETCLOUDFLARE INC | 30,000 | $5.9M | 0.34% | |
| 39 | ETRENTERGY CORP NEW | 63,000 | $5.8M | 0.33% | |
| 40 | IRENIREN LIMITED | 153,000 | $5.8M | 0.33% | |
| 41 | AMANTERO MIDSTREAM CORP | 316,000 | $5.6M | 0.32% | |
| 42 | DOCNDIGITALOCEAN HLDGS INC | 116,000 | $5.6M | 0.32% | |
| 43 | FQIDIGITAL RLTY TR INC | 34,000 | $5.3M | 0.30% | |
| 44 | DYDYCOM INDS INC | 15,000 | $5.1M | 0.29% | |
| 45 | SNOWSNOWFLAKE INC | 23,000 | $5.0M | 0.29% | |
| 46 | MSFTMICROSOFT CORP | 10,000 | $4.8M | 0.28% | |
| 47 | ORCLORACLE CORP | 23,000 | $4.5M | 0.26% | |
| 48 | ARLPALLIANCE RESOURCE PARTNERS L | 191,000 | $4.4M | 0.25% | |
| 49 | NEENEXTERA ENERGY INC | 50,000 | $4.0M | 0.23% | |
| 50 | PEGPUBLIC SVC ENTERPRISE GRP IN | 49,000 | $3.9M | 0.23% | |
| 51 | SOSOUTHERN CO | 45,000 | $3.9M | 0.23% | |
| 52 | WECWEC ENERGY GROUP INC | 35,000 | $3.7M | 0.21% | |
| 53 | CYBRCYBERARK SOFTWARE LTD | 7,000 | $3.1M | 0.18% | |
| 54 | GELGENESIS ENERGY L P | 185,700 | $2.9M | 0.17% | |
| 55 | AEPAMERICAN ELEC PWR CO INC | 25,000 | $2.9M | 0.17% | |
| 56 | SEISOLARIS ENERGY INFRAS INC | 61,000 | $2.8M | 0.16% | |
| 57 | PAAPLAINS ALL AMERN PIPELINE L | 155,300 | $2.8M | 0.16% | |
| 58 | NGLNGL ENERGY PARTNERS LP | 150,000 | $1.5M | 0.09% | |
| 59 | CLSKCLEANSPARK INC | 20,000 | $202K | 0.01% | |
| 60 | NFENEW FORTRESS ENERGY INC | 100,000 | $114K | 0.01% |