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
60 檔
24.8%
Q2 2025 季度申报显示，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 披露的美股组合总市值为 US$22.3亿，涵盖 60 个不同之权益投资仓位。
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 在 Q2 2025 进行了结构性的板块轮动与仓位换股。在开立 5 个全新仓位及加仓 21 档持股的同时，亦同步清仓 6 档并减仓 16 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 24.8%，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 | 7.54% | -0.86% | -3.16% | |
| 2 | TRGP | Targa Resources CORP | 股票-能源 | 6.72% | -0.73% | -2.66% | |
| 3 | LNG | Cheniere Energy Inc | 股票-能源 | 6.49% | -0.32% | -15.01% | |
| 4 | OKE | Oneok Inc | 股票-能源 | 6.26% | -0.95% | +16.34% | |
| 5 | HESM | Hess Midstream LP - Class A | 股票-其他 | 5.12% | — | +25.84% | |
| 6 | MPLX | Mplx LP | 股票-能源 | 5.12% | -1.18% | -5.87% | |
| 7 | DTM | Dt Midstream Inc | 股票-能源 | 4.76% | -0.06% | -0.31% | |
| 8 | WMB | Williams Cos Inc | 股票-能源 | 4.33% | +0.09% | -11.58% | |
| 9 | KMI | Kinder Morgan, Inc. | 股票-能源 | 4.28% | -1.60% | -12.36% | |
| 10 | PAGP | Plains Gp Holdings Lp-cl A | 股票-能源 | 3.99% | -0.04% | -12.15% | |
| 11 | CEG | Constellation Energy | 股票-公用事业 | 3.74% | +0.05% | +175.86% | |
| 12 | PBA | Pembina Pipeline CORP | 股票-能源 | 3.67% | -0.61% | -5.50% | |
| 13 | TLN | Talen Energy CORP | 股票-公用事业 | 3.64% | -0.09% | +143.52% | |
| 14 | TRP | Tc Energy CORP | 股票-能源 | 3.53% | -0.27% | -19.83% | |
| 15 | EPD | Enterprise Products Partners | 股票-能源 | 3.52% | -0.69% | +1.64% | |
| 16 | VST | Vistra CORP | 股票-公用事业 | 3.19% | +0.04% | +18.33% | |
| 17 | WES | Western Midstream Partners L | 股票-能源 | 2.70% | -0.95% | -9.73% | |
| 18 | SOBO | South Bow CORP | 股票-其他 | 2.29% | -0.08% | +650.40% | |
| 19 | KNTK | Kinetik Holdings Inc | 股票-其他 | 1.99% | -0.70% | +32.03% | |
| 20 | PSX | Phillips 66 | 股票-能源 | 1.38% | -1.07% | +9.01% | |
| 21 | EQT | Eqt CORP | 股票-能源 | 1.19% | -0.31% | -46.94% | |
| 22 | GEV | GE Vernova Inc | 股票-工业 | 0.98% | +0.47% | +33.33% | |
| 23 | NRG | Nrg Energy Inc | 股票-公用事业 | 0.91% | +0.16% | +24.05% | |
| 24 | AM | Antero Midstream CORP | 股票-能源 | 0.85% | +0.03% | — | |
| 25 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.82% | -1.16% | -1.19% | |
| 26 | ENB | Enbridge Inc | 股票-能源 | 0.79% | -0.36% | — | |
| 27 | CWEN | Clearway Energy Inc-c | 股票-公用事业 | 0.74% | — | -23.37% | |
| 28 | GEL | Genesis Energy L.p. | 股票-其他 | 0.68% | -0.13% | +60.27% | |
| 29 | PWR | Quanta Services Inc | 股票-工业 | 0.66% | +0.38% | +11.11% | |
| 30 | ARISUSD | Aris Water Solutions Inc-a | 股票-其他 | 0.62% | — | — | |
| 31 | VNOMUSD | Viper Energy Inc-cl A | 股票-其他 | 0.56% | — | — | |
| 32 | BE | Bloom Energy Corp- A | 股票-工业 | 0.55% | +0.94% | — | |
| 33 | FSLR | First Solar Inc | 股票-科技 | 0.53% | — | +77.42% | |
| 34 | MSTR | Strategy Inc | 股票-科技 | 0.47% | — | — | |
| 35 | TXO | Txo Partners LP | 股票-其他 | 0.46% | -0.06% | +307.69% | |
| 36 | ARLP | Alliance Resource Partners | 股票-其他 | 0.36% | -0.10% | -3.60% | |
| 37 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.36% | +0.57% | +15.38% | |
| 38 | PRIM | Primoris Services CORP | 股票-工业 | 0.31% | -1.08% | EXIT | |
| 39 | NEE | Nextera Energy Inc | 股票-公用事业 | 0.31% | -0.25% | — | |
| 40 | ITRI | Itron Inc | 股票-科技 | 0.30% | — | — | |
| 41 | MTZ | Mastec Inc | 股票-工业 | 0.30% | +0.41% | +66.67% | |
| 42 | NXT | Nextpower Inc-cl A | 股票-科技 | 0.27% | +0.11% | +45.00% | |
| 43 | CVE | Cenovus Energy Inc | 股票-能源 | 0.27% | -0.04% | EXIT | |
| 44 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.26% | — | +35.71% | |
| 45 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.21% | +0.41% | -53.33% | |
| 46 | EQIX | Equinix Inc | 股票-房地产 | 0.18% | — | +33.33% | |
| 47 | SO | Southern Co/the | 股票-公用事业 | 0.18% | +0.12% | — | |
| 48 | DLR | Digital Realty Trust Inc | 股票-房地产 | 0.17% | +0.08% | +21.43% | |
| 49 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.17% | +0.15% | — | |
| 50 | RSG | Republic Services Inc | 股票-工业 | 0.16% | — | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | CEG | Constellation Energy | +2.8% | +175.86% | 加仓 |
| 2 | TLN | Talen Energy CORP | +2.6% | +143.52% | 加仓 |
| 3 | SOBO | South Bow CORP | +2% | +650.40% | 加仓 |
| 4 | VST | Vistra CORP | +1.5% | +18.33% | 加仓 |
| 5 | ARISUSD | Aris Water Solutions Inc-a | +0.6% | NEW | 新建仓 |
| 6 | BE | Bloom Energy Corp- A | +0.6% | NEW | 新建仓 |
| 7 | GEV | GE Vernova Inc | +0.5% | +33.33% | 加仓 |
| 8 | MSTR | Strategy Inc | +0.5% | NEW | 新建仓 |
| 9 | NRG | Nrg Energy Inc | +0.5% | +24.05% | 加仓 |
| 10 | HESM | Hess Midstream LP - Class A | +0.4% | +25.84% | 加仓 |
| 11 | TXO | Txo Partners LP | +0.3% | +307.69% | 加仓 |
| 12 | DTM | Dt Midstream Inc | +0.3% | -0.31% | 减仓 |
| 13 | FSLR | First Solar Inc | +0.3% | +77.42% | 加仓 |
| 14 | GEL | Genesis Energy L.p. | +0.3% | +60.27% | 加仓 |
| 15 | PWR | Quanta Services Inc | +0.2% | +11.11% | 加仓 |
| 16 | MTZ | Mastec Inc | +0.2% | +66.67% | 加仓 |
| 17 | NET | Cloudflare Inc - Class A | +0.2% | NEW | 新建仓 |
| 18 | PRIM | Primoris Services CORP | +0.1% | +40.82% | 加仓 |
| 19 | NXT | Nextpower Inc-cl A | +0.1% | +45.00% | 加仓 |
| 20 | KNTK | Kinetik Holdings Inc | +0.1% | +32.03% | 加仓 |
| 21 | AGX | Argan Inc | +0.1% | NEW | 新建仓 |
| 22 | PANW | Palo Alto Networks Inc | +0.1% | +15.38% | 加仓 |
| 23 | DLR | Digital Realty Trust Inc | +0.1% | +21.43% | 加仓 |
| 24 | MPC | Marathon Petroleum CORP | 0% | -1.19% | 减仓 |
| 25 | ITRI | Itron Inc | 0% | — | 不变 |
| 26 | TMUS | T-mobile US Inc | 0% | +35.71% | 加仓 |
| 27 | PSX | Phillips 66 | 0% | +9.01% | 加仓 |
| 28 | PAA | Plains All Amer Pipeline LP | -0.1% | -21.08% | 减仓 |
| 29 | S | Sentinelone Inc -class A | -0.1% | EXIT | 清仓 |
| 30 | CRWD | Crowdstrike Holdings Inc - A | -0.1% | -53.33% | 减仓 |
| 31 | VNOMUSD | Viper Energy Inc-cl A | -0.2% | — | 不变 |
| 32 | AMLP | Alerian Mlp ETF | -0.2% | EXIT | 清仓 |
| 33 | CLSK | Cleanspark Inc | -0.2% | EXIT | 清仓 |
| 34 | CORZ | Core Scientific Inc | -0.2% | EXIT | 清仓 |
| 35 | CWEN | Clearway Energy Inc-c | -0.2% | -23.37% | 减仓 |
| 36 | MSFT | Microsoft CORP | -0.4% | EXIT | 清仓 |
| 37 | SRE | Sempra | -0.4% | EXIT | 清仓 |
| 38 | EPD | Enterprise Products Partners | -0.5% | +1.64% | 加仓 |
| 39 | WMB | Williams Cos Inc | -0.6% | -11.58% | 减仓 |
| 40 | WES | Western Midstream Partners L | -0.7% | -9.73% | 减仓 |
| 41 | OKE | Oneok Inc | -0.7% | +16.34% | 加仓 |
| 42 | PBA | Pembina Pipeline CORP | -0.7% | -5.50% | 减仓 |
| 43 | KMI | Kinder Morgan, Inc. | -0.8% | -12.36% | 减仓 |
| 44 | MPLX | Mplx LP | -0.9% | -5.87% | 减仓 |
| 45 | ET | Energy Transfer LP | -1% | -3.16% | 减仓 |
| 46 | EQT | Eqt CORP | -1% | -46.94% | 减仓 |
| 47 | TRP | Tc Energy CORP | -1% | -19.83% | 减仓 |
| 48 | LNG | Cheniere Energy Inc | -1.2% | -15.01% | 减仓 |
| 49 | PAGP | Plains Gp Holdings Lp-cl A | -1.3% | -12.15% | 减仓 |
| 50 | TRGP | Targa Resources CORP | -1.7% | -2.66% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 在 Q2 2025 季度的美股持仓总市值约为 US$22.3亿，共申报了 60 个公开持股仓位。
在 Q2 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 (7.5%)、TRGP (6.7%)、LNG (6.5%)。其中最大持股仓位 ET 占据整体投资组合约 7.5% 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
ARISUSD
市值: US$1064.3万
本季最大获利了结 / 清仓标的
SRE
前期市值: US$585.2万
在 Q2 2025 季度中，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 共进行了 48 项持仓异动，包含新建仓 5 个仓位、加仓 21 个仓位、减仓 16 个仓位以及清仓 6 个仓位。 其中最大新建仓标的为 ARISUSD。 本季清仓仓位包含 SRE。
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。