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CIK: 0001329375
Total reported value
$2.2B
$2.2B
60 檔
24.6%
At the close of Q4 2025, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT disclosed equity holdings valued at approximately $2.2B, spread across 60 reported holdings.
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT executed strategic sector rebalancing during Q4 2025, establishing 7 new positions while fully exiting 7 holdings and trimming 16 positions.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | Stock-Energy | 7.56% | -0.86% | -2.68% | |
| 2 | TRGP | Targa Resources CORP | Stock-Energy | 7.21% | -0.73% | -0.15% | |
| 3 | MPLX | Mplx LP | Stock-Energy | 5.77% | -1.18% | +8.65% | |
| 4 | WMB | Williams Cos Inc | Stock-Energy | 5.50% | +0.09% | +32.91% | |
| 5 | OKE | Oneok Inc | Stock-Energy | 5.47% | -0.95% | +16.21% | |
| 6 | DTM | Dt Midstream Inc | Stock-Energy | 5.14% | -0.06% | +10.30% | |
| 7 | KMI | Kinder Morgan, Inc. | Stock-Energy | 4.52% | -1.60% | +8.94% | |
| 8 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 4.09% | -0.04% | +3.91% | |
| 9 | TRP | Tc Energy CORP | Stock-Energy | 4.09% | -0.27% | -5.13% | |
| 10 | KNTK | Kinetik Holdings Inc | Stock-Other | 3.81% | -0.70% | +86.50% | |
| 11 | LNG | Cheniere Energy Inc | Stock-Energy | 3.62% | -0.32% | -27.95% | |
| 12 | WES | Western Midstream Partners L | Stock-Energy | 3.49% | -0.95% | +21.24% | |
| 13 | EPD | Enterprise Products Partners | Stock-Energy | 3.30% | -0.69% | -10.04% | |
| 14 | PBA | Pembina Pipeline CORP | Stock-Energy | 2.94% | -0.61% | -13.96% | |
| 15 | HESM | Hess Midstream LP - Class A | Stock-Other | 2.69% | — | -41.43% | |
| 16 | TLN | Talen Energy CORP | Stock-Utilities | 2.52% | -0.09% | +10.67% | |
| 17 | CEG | Constellation Energy | Stock-Utilities | 2.36% | +0.05% | -2.51% | |
| 18 | SOBO | South Bow CORP | Stock-Other | 2.35% | -0.08% | -2.61% | |
| 19 | VST | Vistra CORP | Stock-Utilities | 1.93% | +0.04% | -9.54% | |
| 20 | GEV | GE Vernova Inc | Stock-Industrials | 1.79% | +0.47% | +2.35% | |
| 21 | ENB | Enbridge Inc | Stock-Energy | 1.65% | -0.36% | +19.94% | |
| 22 | NRG | Nrg Energy Inc | Stock-Utilities | 1.48% | +0.16% | +6.58% | |
| 23 | PSX | Phillips 66 | Stock-Energy | 1.41% | -1.07% | -8.97% | |
| 24 | EQT | Eqt CORP | Stock-Energy | 1.06% | -0.31% | -2.55% | |
| 25 | FSLR | First Solar Inc | Stock-Tech | 1.02% | — | +9.68% | |
| 26 | PWR | Quanta Services Inc | Stock-Industrials | 0.94% | +0.38% | +11.43% | |
| 27 | PRIM | Primoris Services CORP | Stock-Industrials | 0.90% | -1.08% | EXIT | |
| 28 | MTZ | Mastec Inc | Stock-Industrials | 0.88% | +0.41% | +50.00% | |
| 29 | NXT | Nextpower Inc-cl A | Stock-Tech | 0.81% | +0.11% | +52.34% | |
| 30 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.77% | -1.16% | -3.51% | |
| 31 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.67% | +0.41% | +8.70% | |
| 32 | AGX | Argan Inc | Stock-Industrials | 0.63% | +0.61% | +12.90% | |
| 33 | VNOM | Viper Energy Inc-cl A | Stock-Energy | 0.62% | -0.48% | EXIT | |
| 34 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.57% | +0.94% | -38.50% | |
| 35 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.50% | +0.57% | — | |
| 36 | CVE | Cenovus Energy Inc | Stock-Energy | 0.45% | -0.04% | EXIT | |
| 37 | TXO | Txo Partners LP | Stock-Other | 0.36% | -0.06% | — | |
| 38 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.34% | +0.15% | — | |
| 39 | ETR | Entergy CORP | Stock-Utilities | 0.33% | +0.16% | — | |
| 40 | IREN | IREN Limited | Stock-Other | 0.33% | +0.05% | — | |
| 41 | AM | Antero Midstream CORP | Stock-Energy | 0.32% | +0.03% | -65.12% | |
| 42 | DOCN | Digitalocean Holdings Inc | Stock-Tech | 0.32% | +0.43% | — | |
| 43 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.30% | +0.08% | — | |
| 44 | DY | Dycom Industries Inc | Stock-Industrials | 0.29% | +0.58% | — | |
| 45 | SNOW | Snowflake Inc | Stock-Tech | 0.29% | +0.17% | +76.92% | |
| 46 | MSFT | Microsoft CORP | Stock-Tech | 0.28% | — | — | |
| 47 | ORCL | Oracle CORP | Stock-Tech | 0.26% | — | — | |
| 48 | ARLP | Alliance Resource Partners | Stock-Other | 0.25% | -0.10% | -20.75% | |
| 49 | NEE | Nextera Energy Inc | Stock-Utilities | 0.23% | -0.25% | — | |
| 50 | PEG | Public Service Enterprise Gp | Stock-Utilities | 0.23% | — | — |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KNTK | Kinetik Holdings Inc | +1.4% | +86.50% | Add |
| 2 | WMB | Williams Cos Inc | +1.2% | +32.91% | Add |
| 3 | MPLX | Mplx LP | +0.9% | +8.65% | Add |
| 4 | OKE | Oneok Inc | +0.8% | +16.21% | Add |
| 5 | DTM | Dt Midstream Inc | +0.8% | +10.30% | Add |
| 6 | TRGP | Targa Resources CORP | +0.7% | -0.15% | Trim |
| 7 | WES | Western Midstream Partners L | +0.7% | +21.24% | Add |
| 8 | PAGP | Plains Gp Holdings Lp-cl A | +0.4% | +3.91% | Add |
| 9 | NXT | Nextpower Inc-cl A | +0.4% | +52.34% | Add |
| 10 | MTZ | Mastec Inc | +0.3% | +50.00% | Add |
| 11 | KMI | Kinder Morgan, Inc. | +0.3% | +8.94% | Add |
| 12 | FSLR | First Solar Inc | +0.2% | +9.68% | Add |
| 13 | PRIM | Primoris Services CORP | +0.2% | +47.67% | Add |
| 14 | ENB | Enbridge Inc | +0.2% | +19.94% | Add |
| 15 | GEV | GE Vernova Inc | +0.2% | +2.35% | Add |
| 16 | AGX | Argan Inc | +0.2% | +12.90% | Add |
| 17 | SNOW | Snowflake Inc | +0.1% | +76.92% | Add |
| 18 | PWR | Quanta Services Inc | +0.1% | +11.43% | Add |
| 19 | CVE | Cenovus Energy Inc | +0.1% | +33.72% | Add |
| 20 | CEG | Constellation Energy | +0.1% | -2.51% | Trim |
| 21 | NRG | Nrg Energy Inc | +0.1% | +6.58% | Add |
| 22 | TXO | Txo Partners LP | -0.1% | — | Unchanged |
| 23 | ARLP | Alliance Resource Partners | -0.1% | -20.75% | Trim |
| 24 | SOBO | South Bow CORP | -0.1% | -2.61% | Trim |
| 25 | TRP | Tc Energy CORP | -0.1% | -5.13% | Trim |
| 26 | MPC | Marathon Petroleum CORP | -0.2% | -3.51% | Trim |
| 27 | PSX | Phillips 66 | -0.2% | -8.97% | Trim |
| 28 | EPD | Enterprise Products Partners | -0.2% | -10.04% | Trim |
| 29 | BE | Bloom Energy Corp- A | -0.3% | -38.50% | Trim |
| 30 | ET | Energy Transfer LP | -0.4% | -2.68% | Trim |
| 31 | GEL | Genesis Energy L.p. | -0.5% | -72.92% | Trim |
| 32 | VST | Vistra CORP | -0.6% | -9.54% | Trim |
| 33 | PBA | Pembina Pipeline CORP | -0.7% | -13.96% | Trim |
| 34 | AM | Antero Midstream CORP | -0.7% | -65.12% | Trim |
| 35 | HESM | Hess Midstream LP - Class A | -1.9% | -41.43% | Trim |
| 36 | LNG | Cheniere Energy Inc | -2.4% | -27.95% | Trim |
| 37 | EIX | Edison International | — | EXIT | Sold out |
| 38 | MSTR | Strategy Inc | — | EXIT | Sold out |
| 39 | ITRI | Itron Inc | — | EXIT | Sold out |
| 40 | TMUS | T-mobile US Inc | — | EXIT | Sold out |
| 41 | IREN | IREN Limited | — | NEW | New buy |
| 42 | DOCN | Digitalocean Holdings Inc | — | NEW | New buy |
| 43 | EQIX | Equinix Inc | — | EXIT | Sold out |
| 44 | DY | Dycom Industries Inc | — | NEW | New buy |
| 45 | MSFT | Microsoft CORP | — | NEW | New buy |
| 46 | ORCL | Oracle CORP | — | NEW | New buy |
| 47 | NTNX | Nutanix Inc - A | — | EXIT | Sold out |
| 48 | MSI | Motorola Solutions Inc | — | EXIT | Sold out |
| 49 | NEE | Nextera Energy Inc | — | NEW | New buy |
| 50 | SEI | Solaris Energy Infrastructur | — | NEW | New buy |
According to official SEC Form 13F filings, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported a total U.S. public equity portfolio value of $2.2B across 60 disclosed positions in Q4 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
In terms of portfolio concentration, the top 5 core holdings (including ET, TRGP, MPLX) accounted for 24.6% of total reported equity market value during Q4 2025.
Top New Position Initiated
IREN
市值: $5.8M
Top Position Liquidated / Trimmed
EIX
前期市值: $10.5M
During Q4 2025, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT's top holdings by market value included ET (7.6%)、TRGP (7.2%)、MPLX (5.8%). The largest single position, ET, represented 7.6% of total portfolio value.
In Q4 2025, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT made 49 total portfolio adjustments, initiating 7 new buys, adding to 19 positions, trimming 16 holdings, and fully liquidating 7 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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