Cushing Asset Management, LP dba NXG Investment Management
Cushing Asset Management, LP dba NXG Investment Management reported 73 US-listed holdings worth $2.23 billion in its 13F for the quarter ended 30 June 2026, filed 28 July 2026. Its largest: Targa Resources Corp. (7.4%), Energy Transfer LP (6.8%) and Williams Companies, Inc. (6.2%). Against the quarter before, it opened 14 positions, added to 34, trimmed 22 and sold out of 5.
Reported holdings$2.23B+11.3% on Q1 2026
Positions73+9 on Q1 2026
The largest ten48.3%of its reported holdings
Latest 13FQ2 2026filed 28 July 2026
Added toTrimmed
The 14 largest of its 73 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Opened 14Added 34Held 3Trimmed 22Sold out 5
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 14
- Kodiak Gas Services, Inc. KGS$22.5 million
- Venture Global Inc. VG$15.5 million
- Iridium Communications Inc. IRDM$12.9 million
- Entegris Inc. ENTG$10.6 million
- Eaglerock Land LLC -CL A EROK$10.0 million
- Yandex N V NBIS$8.6 million
- Dominion Energy, Inc. D$8.0 million
- Arko Corp. ARKO$6.8 million
and 6 more in the table below
Added to 34
- Waterbridge Infrastructure L WBI+417,500 shares · +206%
- Sunococorp LLC C SUNC+206,000 shares · +103%
- Cheniere Energy Inc. LNG+58,000 shares · +21%
- Excelerate Energy Inc. EE+325,000 shares · +100%
- Williams Companies, Inc. WMB+166,000 shares · +10%
- Select Water Solutions Inc. WTTR+600,000 shares · +143%
- Solv Energy Inc. MWH+320,000 shares · +160%
- Plains GP Hldgs L P PAGP+335,000 shares · +10%
and 26 more in the table below
Trimmed 22
- Marathon Petroleum Corp. MPC-93,000 shares · -65%
- Kinder Morgan, Inc. KMI-682,900 shares · -25%
- Western Midstream Partners L WES-417,000 shares · -25%
- Phillips 66 PSX-107,000 shares · -59%
- Mplx LP MPLX-244,500 shares · -13%
- Targa Resources Corp. TRGP-38,000 shares · -6%
- Pembina Pipeline Corp PBA-199,000 shares · -15%
- Arko Pete Corp. APC-412,451 shares · -58%
and 14 more in the table below
Sold out of 5
- Primoris Services Corp. PRIM$21.7 million last quarter
- Viper Energy, Inc. VNOM$9.6 million last quarter
- Cenovus Energy Inc. CVE$795,900 last quarter
- Golar LNG Ltd GLNG$378,770 last quarter
- New Fortress Energy Inc. NFE$59,000 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Targa Resources Corp. TRGP | 614,300 | $164.7 million | 7.37% | -38,000 |
| Energy Transfer LP ET | 7,923,600 | $151.5 million | 6.78% | -74,000 |
| Williams Companies, Inc. WMB | 1,866,100 | $138.7 million | 6.21% | +166,000 |
| DT Midstream, Inc. DTM | 730,100 | $107.1 million | 4.79% | +3,000 |
| Plains GP Hldgs L P PAGP | 3,795,000 | $92.1 million | 4.12% | +335,000 |
| Mplx LP MPLX | 1,614,600 | $91.0 million | 4.07% | -244,500 |
| ONEOK Inc. OKE | 985,900 | $85.7 million | 3.84% | -84,000 |
| Kinetik Holdings Inc. KNTK | 1,752,000 | $84.7 million | 3.79% | -122,000 |
| TC Energy Corporation TRP | 1,245,800 | $82.6 million | 3.70% | -34,800 |
| Cheniere Energy Inc. LNG | 337,800 | $80.7 million | 3.61% | +58,000 |
| Kinder Morgan, Inc. KMI | 2,039,400 | $65.2 million | 2.92% | -682,900 |
| Enterprise Products Partners LP EPD | 1,565,500 | $57.5 million | 2.58% | -180,000 |
| Western Midstream Partners L WES | 1,259,900 | $55.1 million | 2.47% | -417,000 |
| Pembina Pipeline Corp PBA | 1,158,100 | $53.6 million | 2.40% | -199,000 |
| Enbridge Inc ENB | 956,500 | $51.9 million | 2.32% | -45,000 |
| Bloom Energy Corp. BE | 136,900 | $41.4 million | 1.85% | +1,900 |
| Argan Inc. AGX | 45,500 | $36.3 million | 1.63% | +7,500 |
| Mastec Inc. MTZ | 82,800 | $34.4 million | 1.54% | +11,900 |
| GE Vernova Inc. GEV | 28,700 | $33.7 million | 1.51% | +4,700 |
| Solaris Energy Infrastructure, Inc. SEI | 418,000 | $33.6 million | 1.50% | +30,000 |
| Quanta Services, Inc. PWR | 43,800 | $31.5 million | 1.41% | +5,800 |
| Vistra Corp. VST | 198,000 | $31.4 million | 1.41% | +14,400 |
| NRG Energy, Inc. NRG | 212,700 | $31.1 million | 1.39% | +42,200 |
| South Bow Corp. SOBO | 855,500 | $30.1 million | 1.35% | -10,000 |
| Talen Energy Corp. TLN | 76,800 | $29.5 million | 1.32% | -12,500 |
| Sunococorp LLC C SUNC | 406,000 | $27.5 million | 1.23% | +206,000 |
| Constellation Energy Corp. CEG | 107,000 | $26.6 million | 1.19% | +24,300 |
| Dycom Industries Inc. DY | 52,000 | $26.3 million | 1.18% | +16,000 |
| Palo Alto Networks Inc. PANW | 75,000 | $25.6 million | 1.14% | +3,000 |
| Excelerate Energy Inc. EE | 650,000 | $24.7 million | 1.10% | +325,000 |
| Kodiak Gas Services, Inc. KGS | 300,000 | $22.5 million | 1.01% | new |
| CrowdStrike Holdings, Inc. CRWD | 29,000 | $22.1 million | 0.99% | -1,000 |
| DigitalOcean Holdings, Inc. DOCN | 140,400 | $22.0 million | 0.99% | +8,200 |
| Nextpower Inc. NXT | 181,000 | $21.6 million | 0.96% | +38,000 |
| EQT Corp. EQT | 403,258 | $21.4 million | 0.96% | no change |
| Waterbridge Infrastructure L WBI | 620,000 | $21.2 million | 0.95% | +417,500 |
| Select Water Solutions Inc. WTTR | 1,020,000 | $20.4 million | 0.91% | +600,000 |
| Solv Energy Inc. MWH | 520,000 | $17.7 million | 0.79% | +320,000 |
| Sterling Infrastructure, Inc. STRL | 20,550 | $17.2 million | 0.77% | +9,000 |
| Venture Global Inc. VG | 1,389,000 | $15.5 million | 0.69% | new |
| Cloudflare Inc. NET | 60,000 | $14.7 million | 0.66% | +10,000 |
| Iridium Communications Inc. IRDM | 236,000 | $12.9 million | 0.58% | new |
| Marathon Petroleum Corp. MPC | 49,800 | $12.7 million | 0.57% | -93,000 |
| Phillips 66 PSX | 73,100 | $12.4 million | 0.55% | -107,000 |
| Entergy Corp. ETR | 100,000 | $11.5 million | 0.51% | +37,000 |
| Entegris Inc. ENTG | 59,000 | $10.6 million | 0.47% | new |
| Eaglerock Land LLC -CL A EROK | 470,000 | $10.0 million | 0.45% | new |
| Snowflake Inc. SNOW | 34,000 | $8.7 million | 0.39% | +5,000 |
| Yandex N V NBIS | 31,300 | $8.6 million | 0.39% | new |
| Digital Realty Trust, Inc. DLR | 47,000 | $8.4 million | 0.38% | +13,000 |
| American Electric Power Co. Inc. AEP | 60,000 | $8.2 million | 0.37% | +35,000 |
| Dominion Energy, Inc. D | 117,000 | $8.0 million | 0.36% | new |
| WEC Energy Group, Inc. WEC | 67,000 | $7.8 million | 0.35% | +32,000 |
| Duke Energy Corp. DUK | 61,000 | $7.7 million | 0.35% | +26,000 |
| Southern Co. SO | 80,000 | $7.7 million | 0.34% | +35,000 |
| Iris Energy Ltd IREN | 157,000 | $7.2 million | 0.32% | no change |
| Arko Corp. ARKO | 850,000 | $6.8 million | 0.31% | new |
| Txo Partners LP TXO | 531,000 | $6.6 million | 0.30% | -50,000 |
| Antero Midstream Corp. AM | 251,000 | $5.7 million | 0.26% | +50,000 |
| Arko Pete Corp. APC | 300,000 | $5.7 million | 0.25% | -412,451 |
| Cipher Mining Inc. CIFR | 215,000 | $5.3 million | 0.24% | +45,000 |
| NextEra Energy Inc. NEE | 48,000 | $4.2 million | 0.19% | -47,000 |
| Alliance Resource Partners L ARLP | 150,000 | $3.6 million | 0.16% | -41,000 |
| Ecolab Inc. ECL | 10,000 | $2.8 million | 0.12% | new |
| Plains All American Pipeline L.p./plains All American Finance Co. PAA | 105,300 | $2.3 million | 0.10% | +50,000 |
| Solaredge Technologies, Inc. SEDG | 35,000 | $2.0 million | 0.09% | new |
| Enphase Energy, Inc. ENPH | 40,000 | $2.0 million | 0.09% | new |
| NGL Energy Partners LP NGL | 110,000 | $1.8 million | 0.08% | -40,000 |
| Cleanspark Inc. CLSK | 32,000 | $465,600 | 0.02% | no change |
| Core Scientific Inc. New CORZ | 7,000 | $179,130 | 0.01% | new |
| Quantumscape Corp. QS | 20,000 | $151,200 | 0.01% | new |
| Coreweave Inc. CRWV | 1,500 | $149,310 | 0.01% | new |
| Genesis Energy L P GEL | 7,000 | $99,190 | 0.00% | -144,000 |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.