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
59 檔
23.7%
在 Q3 2025 的 13F 官方备案中，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 管理的美股投资组合规模来到 US$22.3亿，整体持股档数为 59 档。
在 Q3 2025，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 操作展现出积极扩展与加仓意向。本季共新建仓 7 个新仓位，并对 23 个既有持股进行加仓（合计增持 30 档），相较减仓与清仓仓位显著占优。
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 23.7%，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 | 8.00% | -0.86% | +14.33% | |
| 2 | TRGP | Targa Resources CORP | 股票-能源 | 6.49% | -0.73% | +2.40% | |
| 3 | LNG | Cheniere Energy Inc | 股票-能源 | 6.01% | -0.32% | -1.98% | |
| 4 | MPLX | Mplx LP | 股票-能源 | 4.92% | -1.18% | +1.05% | |
| 5 | OKE | Oneok Inc | 股票-能源 | 4.63% | -0.95% | -15.70% | |
| 6 | HESM | Hess Midstream LP - Class A | 股票-其他 | 4.54% | — | +0.87% | |
| 7 | DTM | Dt Midstream Inc | 股票-能源 | 4.36% | -0.06% | -9.22% | |
| 8 | WMB | Williams Cos Inc | 股票-能源 | 4.32% | +0.09% | +0.76% | |
| 9 | KMI | Kinder Morgan, Inc. | 股票-能源 | 4.23% | -1.60% | +4.60% | |
| 10 | TRP | Tc Energy CORP | 股票-能源 | 4.22% | -0.27% | +9.20% | |
| 11 | PAGP | Plains Gp Holdings Lp-cl A | 股票-能源 | 3.71% | -0.04% | +1.19% | |
| 12 | PBA | Pembina Pipeline CORP | 股票-能源 | 3.60% | -0.61% | -7.20% | |
| 13 | EPD | Enterprise Products Partners | 股票-能源 | 3.54% | -0.69% | +1.79% | |
| 14 | WES | Western Midstream Partners L | 股票-能源 | 2.83% | -0.95% | +5.57% | |
| 15 | VST | Vistra CORP | 股票-公用事业 | 2.57% | +0.04% | -18.77% | |
| 16 | TLN | Talen Energy CORP | 股票-公用事业 | 2.56% | -0.09% | -50.97% | |
| 17 | SOBO | South Bow CORP | 股票-其他 | 2.46% | -0.08% | +0.29% | |
| 18 | KNTK | Kinetik Holdings Inc | 股票-其他 | 2.40% | -0.70% | +26.88% | |
| 19 | CEG | Constellation Energy | 股票-公用事业 | 2.24% | +0.05% | -40.15% | |
| 20 | GEV | GE Vernova Inc | 股票-工业 | 1.63% | +0.47% | +46.09% | |
| 21 | PSX | Phillips 66 | 股票-能源 | 1.62% | -1.07% | +5.01% | |
| 22 | ENB | Enbridge Inc | 股票-能源 | 1.44% | -0.36% | +66.33% | |
| 23 | NRG | Nrg Energy Inc | 股票-公用事业 | 1.40% | +0.16% | +55.10% | |
| 24 | EQT | Eqt CORP | 股票-能源 | 1.09% | -0.31% | — | |
| 25 | AM | Antero Midstream CORP | 股票-能源 | 1.00% | +0.03% | +17.05% | |
| 26 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.94% | -1.16% | — | |
| 27 | BE | Bloom Energy Corp- A | 股票-工业 | 0.90% | +0.94% | -53.25% | |
| 28 | PWR | Quanta Services Inc | 股票-工业 | 0.82% | +0.38% | +16.67% | |
| 29 | FSLR | First Solar Inc | 股票-科技 | 0.78% | — | +12.73% | |
| 30 | PRIM | Primoris Services CORP | 股票-工业 | 0.67% | -1.08% | EXIT | |
| 31 | GEL | Genesis Energy L.p. | 股票-其他 | 0.65% | -0.13% | — | |
| 32 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.64% | +0.41% | +228.57% | |
| 33 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 0.61% | -0.48% | EXIT | |
| 34 | EIX | Edison International | 股票-公用事业 | 0.60% | — | — | |
| 35 | MTZ | Mastec Inc | 股票-工业 | 0.57% | +0.41% | +56.67% | |
| 36 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.54% | +0.57% | +56.67% | |
| 37 | AGX | Argan Inc | 股票-工业 | 0.48% | +0.61% | +287.50% | |
| 38 | TXO | Txo Partners LP | 股票-其他 | 0.46% | -0.06% | +9.62% | |
| 39 | MSTR | Strategy Inc | 股票-科技 | 0.46% | — | +25.00% | |
| 40 | NXT | Nextpower Inc-cl A | 股票-科技 | 0.45% | +0.11% | +22.99% | |
| 41 | ITRI | Itron Inc | 股票-科技 | 0.38% | — | +35.00% | |
| 42 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.37% | — | +42.11% | |
| 43 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.37% | +0.15% | +100.00% | |
| 44 | ARLP | Alliance Resource Partners | 股票-其他 | 0.35% | -0.10% | — | |
| 45 | DLR | Digital Realty Trust Inc | 股票-房地产 | 0.33% | +0.08% | +100.00% | |
| 46 | ETR | Entergy CORP | 股票-公用事业 | 0.33% | +0.16% | +152.00% | |
| 47 | CVE | Cenovus Energy Inc | 股票-能源 | 0.33% | -0.04% | EXIT | |
| 48 | EQIX | Equinix Inc | 股票-房地产 | 0.31% | — | +75.00% | |
| 49 | NTNX | Nutanix Inc - A | 股票-科技 | 0.25% | — | +71.43% | |
| 50 | SO | Southern Co/the | 股票-公用事业 | 0.24% | +0.12% | +36.36% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | SOBO | South Bow CORP | +2.1% | +0.29% | 加仓 |
| 2 | TLN | Talen Energy CORP | +1.5% | -50.97% | 加仓 |
| 3 | CEG | Constellation Energy | +1.3% | -40.15% | 加仓 |
| 4 | GEV | GE Vernova Inc | +1.2% | +46.09% | 加仓 |
| 5 | NRG | Nrg Energy Inc | +0.9% | +55.10% | 加仓 |
| 6 | VST | Vistra CORP | +0.8% | -18.77% | 减仓 |
| 7 | ENB | Enbridge Inc | +0.6% | +66.33% | 加仓 |
| 8 | FSLR | First Solar Inc | +0.5% | +12.73% | 加仓 |
| 9 | KNTK | Kinetik Holdings Inc | +0.5% | +26.88% | 加仓 |
| 10 | PRIM | Primoris Services CORP | +0.5% | +24.64% | 加仓 |
| 11 | MTZ | Mastec Inc | +0.4% | +56.67% | 加仓 |
| 12 | PWR | Quanta Services Inc | +0.4% | +16.67% | 加仓 |
| 13 | CRWD | Crowdstrike Holdings Inc - A | +0.3% | +228.57% | 加仓 |
| 14 | TXO | Txo Partners LP | +0.3% | +9.62% | 加仓 |
| 15 | NXT | Nextpower Inc-cl A | +0.3% | +22.99% | 加仓 |
| 16 | PANW | Palo Alto Networks Inc | +0.3% | +56.67% | 加仓 |
| 17 | GEL | Genesis Energy L.p. | +0.2% | — | 加仓 |
| 18 | PSX | Phillips 66 | +0.2% | +5.01% | 加仓 |
| 19 | DLR | Digital Realty Trust Inc | +0.2% | +100.00% | 加仓 |
| 20 | ETR | Entergy CORP | +0.2% | +152.00% | 加仓 |
| 21 | MPC | Marathon Petroleum CORP | +0.2% | — | 减仓 |
| 22 | EQIX | Equinix Inc | +0.2% | +75.00% | 加仓 |
| 23 | AM | Antero Midstream CORP | +0.1% | +17.05% | 加仓 |
| 24 | DTM | Dt Midstream Inc | -0.1% | -9.22% | 减仓 |
| 25 | ET | Energy Transfer LP | -0.5% | +14.33% | 加仓 |
| 26 | EPD | Enterprise Products Partners | -0.5% | +1.79% | 加仓 |
| 27 | WES | Western Midstream Partners L | -0.5% | +5.57% | 减仓 |
| 28 | WMB | Williams Cos Inc | -0.6% | +0.76% | 减仓 |
| 29 | PBA | Pembina Pipeline CORP | -0.8% | -7.20% | 减仓 |
| 30 | KMI | Kinder Morgan, Inc. | -0.8% | +4.60% | 减仓 |
| 31 | MPLX | Mplx LP | -1.1% | +1.05% | 减仓 |
| 32 | EQT | Eqt CORP | -1.1% | — | 减仓 |
| 33 | PAGP | Plains Gp Holdings Lp-cl A | -1.6% | +1.19% | 减仓 |
| 34 | LNG | Cheniere Energy Inc | -1.7% | -1.98% | 减仓 |
| 35 | TRGP | Targa Resources CORP | -2% | +2.40% | 减仓 |
| 36 | OKE | Oneok Inc | -2.3% | -15.70% | 减仓 |
| 37 | BE | Bloom Energy Corp- A | — | NEW | 新建仓 |
| 38 | CWEN | Clearway Energy Inc-c | — | EXIT | 清仓 |
| 39 | VNOMUSD | Viper Energy Inc-cl A | — | EXIT | 清仓 |
| 40 | VNOM | Viper Energy Inc-cl A | — | NEW | 新建仓 |
| 41 | EIX | Edison International | — | NEW | 新建仓 |
| 42 | AGX | Argan Inc | — | NEW | 新建仓 |
| 43 | MSTR | Strategy Inc | — | NEW | 新建仓 |
| 44 | NET | Cloudflare Inc - Class A | — | NEW | 新建仓 |
| 45 | SRE | Sempra | — | EXIT | 清仓 |
| 46 | MSFT | Microsoft CORP | — | EXIT | 清仓 |
| 47 | NEE | Nextera Energy Inc | — | EXIT | 清仓 |
| 48 | CORZ | Core Scientific Inc | — | EXIT | 清仓 |
| 49 | CLSK | Cleanspark Inc | — | EXIT | 清仓 |
| 50 | WEC | Wec Energy Group Inc | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 在 Q3 2025 季度的美股持仓总市值约为 US$22.3亿，共申报了 59 个公开持股仓位。
在 Q3 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 (8.0%)、TRGP (6.5%)、LNG (6.0%)。其中最大持股仓位 ET 占据整体投资组合约 8.0% 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
BE
市值: US$1581.5万
本季最大获利了结 / 清仓标的
CWEN
前期市值: US$1580.1万
在 Q3 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 7 个仓位、加仓 23 个仓位、减仓 13 个仓位以及清仓 7 个仓位。 其中最大新建仓标的为 BE。 本季清仓仓位包含 CWEN。
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。