13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
AlphaSMO 权威研究指南阅读专题
CIK: 0001329375
申报总市值
US$22.3亿
US$22.3亿
61 檔
27.3%
根据最新整理的 13F 季度数据集，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 于 Q1 2025 结束时的管理资产规模为 US$22.3亿。该机构在本季度申报了 61 档美股持仓，呈现出该时期的主要投资地图。
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 在 Q1 2025 进行了结构性的板块轮动与仓位换股。在开立 14 个全新仓位及加仓 14 档持股的同时，亦同步清仓 16 档并减仓 6 档标的。
在资产配置集中度方面，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 的前 5 大核心持股（包含 ET, TRGP, LNG 等）合计占整体申报市值的 27.3%，反映机构在主要关键仓位上的权重分布。
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | 股票-能源 | 8.49% | -0.86% | -2.24% | |
| 2 | TRGP | Targa Resources CORP | 股票-能源 | 8.45% | -0.73% | +1.76% | |
| 3 | LNG | Cheniere Energy Inc | 股票-能源 | 7.71% | -0.32% | +7.13% | |
| 4 | OKE | Oneok Inc | 股票-能源 | 6.96% | -0.95% | +34.38% | |
| 5 | MPLX | Mplx LP | 股票-能源 | 6.01% | -1.18% | +20.95% | |
| 6 | PAGP | Plains Gp Holdings Lp-cl A | 股票-能源 | 5.31% | -0.04% | +2.02% | |
| 7 | KMI | Kinder Morgan, Inc. | 股票-能源 | 5.04% | -1.60% | +6.79% | |
| 8 | WMB | Williams Cos Inc | 股票-能源 | 4.96% | +0.09% | +0.93% | |
| 9 | HESM | Hess Midstream LP - Class A | 股票-其他 | 4.75% | — | +40.98% | |
| 10 | TRP | Tc Energy CORP | 股票-能源 | 4.54% | -0.27% | +10.13% | |
| 11 | DTM | Dt Midstream Inc | 股票-能源 | 4.46% | -0.06% | -4.33% | |
| 12 | PBA | Pembina Pipeline CORP | 股票-能源 | 4.40% | -0.61% | +6.57% | |
| 13 | EPD | Enterprise Products Partners | 股票-能源 | 4.05% | -0.69% | -10.89% | |
| 14 | WES | Western Midstream Partners L | 股票-能源 | 3.36% | -0.95% | +4.14% | |
| 15 | EQT | Eqt CORP | 股票-能源 | 2.19% | -0.31% | +5.83% | |
| 16 | KNTK | Kinetik Holdings Inc | 股票-其他 | 1.89% | -0.70% | +34.09% | |
| 17 | VST | Vistra CORP | 股票-公用事业 | 1.74% | +0.04% | +27.93% | |
| 18 | PSX | Phillips 66 | 股票-能源 | 1.39% | -1.07% | +8.84% | |
| 19 | TLN | Talen Energy CORP | 股票-公用事业 | 1.09% | -0.09% | -18.77% | |
| 20 | CWEN | Clearway Energy Inc-c | 股票-公用事业 | 0.97% | — | +4.82% | |
| 21 | CEG | Constellation Energy | 股票-公用事业 | 0.90% | +0.05% | -23.28% | |
| 22 | AM | Antero Midstream CORP | 股票-能源 | 0.86% | +0.03% | -19.71% | |
| 23 | ENB | Enbridge Inc | 股票-能源 | 0.82% | -0.36% | -1.69% | |
| 24 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.78% | -1.16% | +20.74% | |
| 25 | VNOMUSD | Viper Energy Inc-cl A | 股票-其他 | 0.71% | — | -14.99% | |
| 26 | NRG | Nrg Energy Inc | 股票-公用事业 | 0.46% | +0.16% | — | |
| 27 | GEV | GE Vernova Inc | 股票-工业 | 0.45% | +0.47% | +380.00% | |
| 28 | PWR | Quanta Services Inc | 股票-工业 | 0.42% | +0.38% | -12.05% | |
| 29 | ARLP | Alliance Resource Partners | 股票-其他 | 0.42% | -0.10% | +38.89% | |
| 30 | GEL | Genesis Energy L.p. | 股票-其他 | 0.41% | -0.13% | +9.70% | |
| 31 | SRE | Sempra | 股票-公用事业 | 0.36% | — | — | |
| 32 | MSFT | Microsoft CORP | 股票-科技 | 0.35% | — | +50.00% | |
| 33 | NEE | Nextera Energy Inc | 股票-公用事业 | 0.34% | -0.25% | +113.89% | |
| 34 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.33% | +0.41% | +7.14% | |
| 35 | SOBO | South Bow CORP | 股票-其他 | 0.32% | -0.08% | -29.37% | |
| 36 | CVE | Cenovus Energy Inc | 股票-能源 | 0.29% | -0.04% | EXIT | |
| 37 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.27% | +0.57% | — | |
| 38 | ITRI | Itron Inc | 股票-科技 | 0.26% | — | — | |
| 39 | FSLR | First Solar Inc | 股票-科技 | 0.24% | — | -11.43% | |
| 40 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.23% | — | — | |
| 41 | PAA | Plains All Amer Pipeline LP | 股票-能源 | 0.23% | +0.04% | -15.85% | |
| 42 | CORZ | Core Scientific Inc | 股票-科技 | 0.22% | +0.01% | NEW | |
| 43 | CLSK | Cleanspark Inc | 股票-金融 | 0.21% | +0.01% | +66.83% | |
| 44 | SO | Southern Co/the | 股票-公用事业 | 0.19% | +0.12% | — | |
| 45 | PRIM | Primoris Services CORP | 股票-工业 | 0.17% | -1.08% | EXIT | |
| 46 | RSG | Republic Services Inc | 股票-工业 | 0.16% | — | — | |
| 47 | AMLP | Alerian Mlp ETF | ETF-其他 | 0.16% | -0.26% | EXIT | |
| 48 | NXT | Nextpower Inc-cl A | 股票-科技 | 0.16% | +0.11% | — | |
| 49 | TXO | Txo Partners LP | 股票-其他 | 0.15% | -0.06% | -50.31% | |
| 50 | EQIX | Equinix Inc | 股票-房地产 | 0.15% | — | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | LNG | Cheniere Energy Inc | +4.2% | +7.13% | 加仓 |
| 2 | OKE | Oneok Inc | +3.2% | +34.38% | 加仓 |
| 3 | TRGP | Targa Resources CORP | +2.8% | +1.76% | 减仓 |
| 4 | HESM | Hess Midstream LP - Class A | +2.2% | +40.98% | 加仓 |
| 5 | VST | Vistra CORP | +1.6% | +27.93% | 加仓 |
| 6 | KMI | Kinder Morgan, Inc. | +1.4% | +6.79% | 加仓 |
| 7 | WES | Western Midstream Partners L | +1.4% | +4.14% | 加仓 |
| 8 | ET | Energy Transfer LP | +1.3% | -2.24% | 加仓 |
| 9 | PSX | Phillips 66 | +1.1% | +8.84% | 加仓 |
| 10 | MPLX | Mplx LP | +1% | +20.95% | 加仓 |
| 11 | WMB | Williams Cos Inc | +0.9% | +0.93% | 减仓 |
| 12 | AM | Antero Midstream CORP | +0.4% | -19.71% | 加仓 |
| 13 | MSFT | Microsoft CORP | +0.3% | +50.00% | 加仓 |
| 14 | TRP | Tc Energy CORP | +0.3% | +10.13% | 加仓 |
| 15 | PBA | Pembina Pipeline CORP | -0.3% | +6.57% | 加仓 |
| 16 | EPD | Enterprise Products Partners | -0.4% | -10.89% | 加仓 |
| 17 | PAGP | Plains Gp Holdings Lp-cl A | -0.7% | +2.02% | 减仓 |
| 18 | MPC | Marathon Petroleum CORP | -1.2% | +20.74% | 减仓 |
| 19 | CWEN | Clearway Energy Inc-c | -1.3% | +4.82% | 减仓 |
| 20 | ENB | Enbridge Inc | -4.5% | -1.69% | 减仓 |
| 21 | DTM | Dt Midstream Inc | — | NEW | 新建仓 |
| 22 | XIFR | Xplr Infrastructure LP | — | EXIT | 清仓 |
| 23 | EQT | Eqt CORP | — | NEW | 新建仓 |
| 24 | KNTK | Kinetik Holdings Inc | — | NEW | 新建仓 |
| 25 | ETRNUSD | Equitrans Midstream CORP | — | EXIT | 清仓 |
| 26 | WEP | Magellan Midstream Partners | — | EXIT | 清仓 |
| 27 | ✓ | Atlantica Sustainable Infr P | — | EXIT | 清仓 |
| 28 | DCPUSD | Dcp Midstream LP | — | EXIT | 清仓 |
| 29 | RTLRUSD | Rattler Midstream LP | — | EXIT | 清仓 |
| 30 | TLN | Talen Energy CORP | — | NEW | 新建仓 |
| 31 | CEG | Constellation Energy | — | NEW | 新建仓 |
| 32 | 0E41 | Enlink Midstream LLC | — | EXIT | 清仓 |
| 33 | VNOMUSD | Viper Energy Inc-cl A | — | NEW | 新建仓 |
| 34 | CEQPUSD | Crestwood Equity Partners LP | — | EXIT | 清仓 |
| 35 | COR1EUR | Coresite Realty CORP | — | EXIT | 清仓 |
| 36 | NRG | Nrg Energy Inc | — | NEW | 新建仓 |
| 37 | GEV | GE Vernova Inc | — | NEW | 新建仓 |
| 38 | ✓ | — | EXIT | 清仓 | |
| 39 | PWR | Quanta Services Inc | — | NEW | 新建仓 |
| 40 | ARLP | Alliance Resource Partners | — | NEW | 新建仓 |
| 41 | VOD | Vodafone Group Plc-sp Adr | — | EXIT | 清仓 |
| 42 | SRE | Sempra | — | NEW | 新建仓 |
| 43 | SEDG | Solaredge Technologies Inc | — | EXIT | 清仓 |
| 44 | SBAC | Sba Communications CORP | — | EXIT | 清仓 |
| 45 | CRWD | Crowdstrike Holdings Inc - A | — | NEW | 新建仓 |
| 46 | SOBO | South Bow CORP | — | NEW | 新建仓 |
| 47 | UNP | Union Pacific CORP | — | EXIT | 清仓 |
| 48 | CVE | Cenovus Energy Inc | — | NEW | 新建仓 |
| 49 | VNET | Vnet Group Inc-adr | — | EXIT | 清仓 |
| 50 | RUN | Sunrun Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 在 Q1 2025 季度的美股持仓总市值约为 US$22.3亿，共申报了 61 个公开持股仓位。
在 Q1 2025 季度，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 按市值排列的前三大核心持股分别为：ET (8.5%)、TRGP (8.4%)、LNG (7.7%)。其中最大持股仓位 ET 占据整体投资组合约 8.5% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
DTM
市值: US$7242.0万
本季最大获利了结 / 清仓标的
XIFR
前期市值: US$4146.5万
在 Q1 2025 季度中，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 共进行了 50 项持仓异动，包含新建仓 14 个仓位、加仓 14 个仓位、减仓 6 个仓位以及清仓 16 个仓位。 其中最大新建仓标的为 DTM。 本季清仓仓位包含 XIFR。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。