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Portfolio (Quarterly) Guide ↗

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

· CIK 0001329375
13F Portfolio $2.0B AUM 66 positions Filed Apr 28, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 12 New 22 Added 22 Reduced 6 Exited
Page 1 of 2  ·  22 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 WMB WILLIAMS COS INC Energy 1,700,100.0 $123.7M 6.12% +105K +6.6% $72.78 -1.8%
2 KNTK KINETIK HOLDINGS INC Energy 1,874,000.0 $90.7M 4.49% +31K +1.7% $48.41 -6.2%
3 WES WESTERN MIDSTREAM PARTNERS L Energy 1,676,900.0 $69.0M 3.42% +136K +8.8% $41.17 +6.8%
4 PBA PEMBINA PIPELINE CORP Energy 1,357,100.0 $60.7M 3.01% +10K +0.7% $44.76 +5.3%
5 ENB ENBRIDGE INC Energy 1,001,500.0 $54.2M 2.68% +400K +66.5% $54.14 +2.8%
6 MPC MARATHON PETE CORP Energy 142,800.0 $34.9M 1.73% +60K +73.1% $244.18 +2.6%
7 EQT EQT CORP Energy 403,258.0 $25.7M 1.27% +59K +17.1% $63.64 -19.3%
8 NRG NRG ENERGY INC Utilities 170,500.0 $24.9M 1.23% +8K +5.2% $146.14 -9.6%
9 MTZ MASTEC INC Industrials 70,900.0 $22.8M 1.13% +400.0 +0.6% $321.74 +14.8%
10 SEI SOLARIS ENERGY INFRAS INC Energy 388,000.0 $21.9M 1.08% +327K +536.1% $56.51 +34.8%
11 PRIM PRIMORIS SVCS CORP Industrials 152,000.0 $21.7M 1.08% +25K +19.7% $143.04 -27.8%
12 AGX ARGAN INC Industrials 38,000.0 $20.7M 1.02% +3K +8.6% $544.65 +26.8%
13 BE BLOOM ENERGY CORP Industrials 135,000.0 $18.3M 0.91% +20K +17.4% $135.49 +107.3%
14 DY DYCOM INDS INC Industrials 36,000.0 $12.2M 0.60% +21K +140.0% $338.82 +39.2%
15 CRWD CROWDSTRIKE HLDGS INC Technology 30,000.0 $11.7M 0.58% +5K +20.0% $390.41 +74.0%
16 PANW PALO ALTO NETWORKS INC Technology 72,000.0 $11.5M 0.57% +25K +53.2% $160.32 +74.6%
17 DOCN DIGITALOCEAN HLDGS INC Technology 132,200.0 $11.3M 0.56% +16K +14.0% $85.78 +103.1%
18 NET CLOUDFLARE INC Technology 50,000.0 $10.3M 0.51% +20K +66.7% $206.34 +11.9%
19 NEE NEXTERA ENERGY INC Utilities 95,000.0 $8.8M 0.44% +45K +90.0% $92.88 -7.2%
20 IREN IREN LIMITED Financial Services 157,000.0 $5.4M 0.27% +4K +2.6% $34.28 +72.6%
Page 1 of 2  ·  22 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 81.2%
Utilities 8.5%
Industrials 6.2%
Technology 3.4%
Financial Services 0.4%
Real Estate 0.3%