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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 4  ·  66 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 TRGP TARGA RES CORP Energy 652,300.0 $163.6M 8.10% -29K -4.3% $250.73 +3.6%
2 ET ENERGY TRANSFER L P Energy 7,997,600.0 $154.4M 7.64% $19.30 -2.0%
3 WMB WILLIAMS COS INC Energy 1,700,100.0 $123.7M 6.12% +105K +6.6% $72.78 -1.8%
4 MPLX MPLX LP Energy 1,859,100.0 $106.1M 5.25% -25K -1.3% $57.07 -1.7%
5 DTM DT MIDSTREAM INC Energy 727,100.0 $97.9M 4.85% -22K -3.0% $134.67 +4.3%
6 OKE ONEOK INC NEW Energy 1,069,900.0 $96.7M 4.79% -228K -17.6% $90.39 -4.5%
7 KMI KINDER MORGAN INC DEL Energy 2,722,300.0 $91.3M 4.52% -143K -5.0% $33.53 -6.2%
8 KNTK KINETIK HOLDINGS INC Energy 1,874,000.0 $90.7M 4.49% +31K +1.7% $48.41 -6.2%
9 PAGP PLAINS GP HLDGS L P Energy 3,460,000.0 $84.0M 4.16% -265K -7.1% $24.28 -2.4%
10 TRP TC ENERGY CORP Energy 1,280,600.0 $80.2M 3.97% -15K -1.1% $62.60 +10.1%
11 LNG CHENIERE ENERGY INC Energy 279,800.0 $79.4M 3.93% -45K -13.8% $283.76 -18.6%
12 WES WESTERN MIDSTREAM PARTNERS L Energy 1,676,900.0 $69.0M 3.42% +136K +8.8% $41.17 +6.8%
13 EPD ENTERPRISE PRODS PARTNERS L Energy 1,745,500.0 $66.0M 3.27% -47K -2.6% $37.84 -3.7%
14 PBA PEMBINA PIPELINE CORP Energy 1,357,100.0 $60.7M 3.01% +10K +0.7% $44.76 +5.3%
15 ENB ENBRIDGE INC Energy 1,001,500.0 $54.2M 2.68% +400K +66.5% $54.14 +2.8%
16 MPC MARATHON PETE CORP Energy 142,800.0 $34.9M 1.73% +60K +73.1% $244.18 +2.6%
17 PSX PHILLIPS 66 Energy 180,100.0 $32.8M 1.62% -11K -5.7% $182.18 -5.6%
18 SOUTH BOW CORP 865,500.0 $28.8M 1.43% -625K -41.9% $33.32
19 TLN TALEN ENERGY CORP Utilities 89,300.0 $28.5M 1.41% -28K -23.8% $319.23 +27.3%
20 VST VISTRA CORP Utilities 183,600.0 $27.6M 1.37% -25K -12.0% $150.33 +2.1%
Page 1 of 4  ·  66 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%