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Portfolio (Quarterly) Guide ↗

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

· CIK 0001329375
13F Portfolio $1.7B AUM 60 positions Filed Jan 27, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 60 New
Page 2 of 3  ·  60 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ENB ENBRIDGE INC Energy 601,500.0 $28.8M 1.65% NEW $47.83 +13.9%
22 NRG NRG ENERGY INC Utilities 162,000.0 $25.8M 1.48% NEW $159.24 -17.0%
23 PSX PHILLIPS 66 Energy 190,900.0 $24.6M 1.41% NEW $129.04 +29.5%
24 EQT EQT CORP Energy 344,258.0 $18.5M 1.06% NEW $53.60 -4.6%
25 FSLR FIRST SOLAR INC Energy 68,000.0 $17.8M 1.02% NEW $261.23 -2.5%
26 PWR QUANTA SVCS INC Industrials 39,000.0 $16.5M 0.94% NEW $422.06 +69.4%
27 PRIM PRIMORIS SVCS CORP Industrials 127,000.0 $15.8M 0.90% NEW $124.14 -18.1%
28 MTZ MASTEC INC Industrials 70,500.0 $15.3M 0.88% NEW $217.37 +72.5%
29 NXT NEXTPOWER INC Technology 163,000.0 $14.2M 0.81% NEW $87.11 +41.6%
30 MPC MARATHON PETE CORP Energy 82,500.0 $13.4M 0.77% NEW $162.63 +50.4%
31 CRWD CROWDSTRIKE HLDGS INC Technology 25,000.0 $11.7M 0.67% NEW $468.76 +45.7%
32 AGX ARGAN INC Industrials 35,000.0 $11.0M 0.63% NEW $313.32 +129.6%
33 VNOM VIPER ENERGY INC Energy 279,000.0 $10.8M 0.62% NEW $38.63 +12.5%
34 BE BLOOM ENERGY CORP Industrials 115,000.0 $10.0M 0.57% NEW $86.89 +228.0%
35 PANW PALO ALTO NETWORKS INC Technology 47,000.0 $8.7M 0.50% NEW $184.20 +53.2%
36 CVE CENOVUS ENERGY INC Energy 460,000.0 $7.8M 0.45% NEW $16.92 +51.3%
37 TXO PARTNERS LP 581,000.0 $6.2M 0.36% NEW $10.67
38 NET CLOUDFLARE INC Technology 30,000.0 $5.9M 0.34% NEW $197.15 +15.1%
39 ENTERGY CORP NEW 63,000.0 $5.8M 0.33% NEW $92.43
40 IREN IREN LIMITED Financial Services 153,000.0 $5.8M 0.33% NEW $37.77 +53.9%
Page 2 of 3  ·  60 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 79.9%
Utilities 11.5%
Industrials 4.4%
Technology 3.6%
Real Estate 0.3%
Financial Services 0.3%