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CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT
ONE ENERGY SQUARE 4925 GREENVILLE AVENUE, SUITE 1310, DALLAS, TX 75206 • 214.635.1662
Market Value
$2.2B
+11.3%
Holdings
77
+8
New Purchases
14
Added To
34
Closed
4
Reduced
22
Top 10 Concentration
48.3%
Turnover
23.4%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| KGS | 1.01% | 0.00% | +1.01% | $23M |
| BE | 1.85% | 0.91% | +0.94% | $41M |
| VG | 0.69% | 0.00% | +0.69% | $15M |
| WBI | 0.95% | 0.27% | +0.68% | $21M |
| SUNC | 1.23% | 0.61% | +0.62% | $27M |
| AGX | 1.63% | 1.03% | +0.60% | $36M |
| WTTR | 0.91% | 0.32% | +0.59% | $20M |
| IRDM | 0.58% | 0.00% | +0.58% | $13M |
| PANW | 1.14% | 0.57% | +0.57% | $26M |
| DY | 1.18% | 0.61% | +0.57% | $26M |
| EE | 1.10% | 0.54% | +0.56% | $25M |
| STRL | 0.77% | 0.23% | +0.54% | $17M |
| MWH | 0.79% | 0.30% | +0.49% | $18M |
| ENTG | 0.47% | 0.00% | +0.47% | $11M |
| GEV | 1.51% | 1.04% | +0.47% | $34M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| KMI | 2.92% | 4.54% | -1.63% | $65M |
| MPLX | 4.07% | 5.28% | -1.21% | $91M |
| MPC | 0.57% | 1.74% | -1.17% | $13M |
| PRIM | 0.00% | 1.08% | -1.08% | $0 |
| PSX | 0.55% | 1.63% | -1.08% | $12M |
| 0KCI.L | 3.84% | 4.81% | -0.98% | $86M |
| WES | 2.47% | 3.44% | -0.97% | $55M |
| ET | 6.78% | 7.68% | -0.91% | $151M |
| TRGP | 7.37% | 8.14% | -0.77% | $165M |
| KNTK | 3.79% | 4.52% | -0.73% | $85M |
| EPD | 2.58% | 3.29% | -0.71% | $58M |
| PBA | 2.40% | 3.02% | -0.63% | $54M |
| VNOM | 0.00% | 0.48% | -0.48% | $0 |
| APC | 0.25% | 0.63% | -0.38% | $6M |
| ENB | 2.32% | 2.70% | -0.38% | $52M |
Sector Allocation Over Time
Industry Breakdown
| Industry | Weight |
|---|---|
| Energy | 80.9% |
| Utilities | 8.9% |
| Industrials | 6.2% |
| Technology | 3.4% |
| Financial Services | 0.4% |
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 3 | $81M | 3.6% |
| Large Cap | 45 | $1.7B | 74.0% |
| Mid Cap | 25 | $466M | 20.8% |
| Small Cap | 4 | $35M | 1.6% |
Portfolio Analytics
Avg Market Cap
$47.2B
Median Market Cap
$18.5B
Avg P/E
40.0
Median P/E
24.7
Avg Dividend Yield
0.02%
Avg Beta
1.17
# Stocks
77
# ETFs / Funds
0
Top Holdings (77 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRGP | 7.37% | 614,300 | $165M | $268.14 | $1M | -38,000 | -5.8% | |
| 2 | ET | 6.78% | 7,923,600 | $151M | $19.12 | -$3M | -74,000 | -0.9% | |
| 3 | WMB | 6.21% | 1,866,100 | $139M | $74.34 | $15M | +166,000 | +9.8% | |
| 4 | DTM | 4.79% | 730,100 | $107M | $146.74 | $9M | +3,000 | +0.4% | |
| 5 | PAGP | 4.12% | 3,795,000 | $92M | $24.27 | $8M | +335,000 | +9.7% | |
| 6 | MPLX | 4.07% | 1,614,600 | $91M | $56.33 | -$15M | -244,500 | -13.2% | |
| 7 | 0KCI.L | 3.84% | 985,900 | $86M | $86.94 | -$11M | -84,000 | -7.8% | |
| 8 | KNTK | 3.79% | 1,752,000 | $85M | $48.34 | -$6M | -122,000 | -6.5% | |
| 9 | TRP | 3.70% | 1,245,800 | $83M | $66.29 | $2M | -34,800 | -2.7% | |
| 10 | LNG | 3.61% | 337,800 | $81M | $239.01 | $1M | +58,000 | +20.7% | |
| 11 | KMI | 2.92% | 2,039,400 | $65M | $31.97 | -$26M | -682,900 | -25.1% | |
| 12 | EPD | 2.58% | 1,565,500 | $58M | $36.76 | -$9M | -180,000 | -10.3% | |
| 13 | WES | 2.47% | 1,259,900 | $55M | $43.76 | -$14M | -417,000 | -24.9% | |
| 14 | PBA | 2.40% | 1,158,100 | $54M | $46.25 | -$7M | -199,000 | -14.7% | |
| 15 | ENB | 2.32% | 956,500 | $52M | $54.21 | -$2M | -45,000 | -4.5% | |
| 16 | BE | 1.85% | 136,900 | $41M | $302.70 | $23M | +1,900 | +1.4% | |
| 17 | AGX | 1.63% | 45,500 | $36M | $798.55 | $16M | +7,500 | +19.7% | |
| 18 | MTZ | 1.54% | 82,800 | $34M | $416.06 | $12M | +11,900 | +16.8% | |
| 19 | GEV | 1.51% | 28,700 | $34M | $1,174.86 | $13M | +4,700 | +19.6% | |
| 20 | SEI | 1.50% | 418,000 | $34M | $80.46 | $12M | +30,000 | +7.7% | |
| 21 | PWR | 1.41% | 43,800 | $32M | $720.04 | $11M | +5,800 | +15.3% | |
| 22 | VST | 1.41% | 198,000 | $31M | $158.63 | $4M | +14,400 | +7.8% | |
| 23 | NRG | 1.39% | 212,700 | $31M | $146.06 | $6M | +42,200 | +24.8% | |
| 24 | SOBO | 1.35% | 855,500 | $30M | $35.24 | $1M | -10,000 | -1.2% | |
| 25 | TLN | 1.32% | 76,800 | $30M | $384.26 | $1M | -12,500 | -14.0% | |
| 26 | SUNC | 1.23% | 406,000 | $27M | $67.67 | $15M | +206,000 | +103.0% | |
| 27 | CEG | 1.19% | 107,000 | $27M | $248.37 | $3M | +24,300 | +29.4% | |
| 28 | DY | 1.18% | 52,000 | $26M | $505.59 | $14M | +16,000 | +44.4% | |
| 29 | PANW | 1.14% | 75,000 | $26M | $341.02 | $14M | +3,000 | +4.2% | |
| 30 | EE | 1.10% | 650,000 | $25M | $37.99 | $14M | +325,000 | +100.0% | |
| 31 | KGS | 1.01% | 300,000 | $23M | $75.13 | — | +300,000 | — | NEW |
| 32 | CRWD | 0.99% | 29,000 | $22M | $763.14 | $10M | -1,000 | -3.3% | |
| 33 | DOCN | 0.99% | 140,400 | $22M | $157.03 | $11M | +8,200 | +6.2% | |
| 34 | NXT | 0.96% | 181,000 | $22M | $119.14 | $4M | +38,000 | +26.6% | |
| 35 | EQT | 0.96% | 403,258 | $21M | $53.17 | -$4M | — | — | |
| 36 | WBI | 0.95% | 620,000 | $21M | $34.27 | $16M | +417,500 | +206.2% | |
| 37 | WTTR | 0.91% | 1,020,000 | $20M | $19.98 | $14M | +600,000 | +142.9% | |
| 38 | MWH | 0.79% | 520,000 | $18M | $34.05 | $12M | +320,000 | +160.0% | |
| 39 | STRL | 0.77% | 20,550 | $17M | $839.36 | $13M | +9,000 | +77.9% | |
| 40 | VG | 0.69% | 1,389,000 | $15M | $11.13 | — | +1,389,000 | — | NEW |
| 41 | NET | 0.66% | 60,000 | $15M | $245.28 | $4M | +10,000 | +20.0% | |
| 42 | IRDM | 0.58% | 236,000 | $13M | $54.85 | — | +236,000 | — | NEW |
| 43 | MPC | 0.57% | 49,800 | $13M | $255.67 | -$22M | -93,000 | -65.1% | |
| 44 | PSX | 0.55% | 73,100 | $12M | $169.05 | -$20M | -107,000 | -59.4% | |
| 45 | ETR | 0.51% | 100,000 | $11M | $114.86 | $4M | +37,000 | +58.7% | |
| 46 | ENTG | 0.47% | 59,000 | $11M | $179.86 | — | +59,000 | — | NEW |
| 47 | EROK | 0.45% | 470,000 | $10M | $21.25 | — | +470,000 | — | NEW |
| 48 | SNOW | 0.39% | 34,000 | $9M | $254.50 | $4M | +5,000 | +17.2% | |
| 49 | NBIS | 0.39% | 31,300 | $9M | $276.17 | — | +31,300 | — | NEW |
| 50 | DLR | 0.38% | 47,000 | $8M | $179.58 | $2M | +13,000 | +38.2% | |
| 51 | AEP | 0.37% | 60,000 | $8M | $136.81 | $5M | +35,000 | +140.0% | |
| 52 | D | 0.36% | 117,000 | $8M | $68.29 | — | +117,000 | — | NEW |
| 53 | WEC | 0.35% | 67,000 | $8M | $116.77 | $4M | +32,000 | +91.4% | |
| 54 | DUK | 0.35% | 61,000 | $8M | $126.58 | $3M | +26,000 | +74.3% | |
| 55 | SO | 0.34% | 80,000 | $8M | $95.71 | $3M | +35,000 | +77.8% | |
| 56 | IREN | 0.32% | 157,000 | $7M | $45.73 | $2M | — | — | |
| 57 | ARKO | 0.31% | 850,000 | $7M | $8.03 | — | +850,000 | — | NEW |
| 58 | TXO | 0.30% | 531,000 | $7M | $12.50 | -$671K | -50,000 | -8.6% | |
| 59 | AM | 0.26% | 251,000 | $6M | $22.75 | $1M | +50,000 | +24.9% | |
| 60 | APC | 0.25% | 300,000 | $6M | $18.85 | -$7M | -412,451 | -57.9% | |
| 61 | CIFR | 0.24% | 215,000 | $5M | $24.50 | $3M | +45,000 | +26.5% | |
| 62 | NEE | 0.19% | 48,000 | $4M | $87.77 | -$5M | -47,000 | -49.5% | |
| 63 | ARLP | 0.16% | 150,000 | $4M | $23.98 | -$2M | -41,000 | -21.5% | |
| 64 | ECL | 0.12% | 10,000 | $3M | $278.61 | — | +10,000 | — | NEW |
| 65 | PAA | 0.10% | 105,300 | $2M | $22.26 | $1M | +50,000 | +90.4% | |
| 66 | SEDG | 0.09% | 35,000 | $2M | $58.44 | — | +35,000 | — | NEW |
| 67 | ENPH | 0.09% | 40,000 | $2M | $49.24 | — | +40,000 | — | NEW |
| 68 | NGL | 0.08% | 110,000 | $2M | $15.93 | -$97K | -40,000 | -26.7% | |
| 69 | CLSK | 0.02% | 32,000 | $466K | $14.55 | $193K | — | — | |
| 70 | CORZ | 0.01% | 7,000 | $179K | $25.59 | — | +7,000 | — | NEW |
| 71 | QS | 0.01% | 20,000 | $151K | $7.56 | — | +20,000 | — | NEW |
| 72 | CRWV | 0.01% | 1,500 | $149K | $99.54 | — | +1,500 | — | NEW |
| 73 | GEL | —% | 7,000 | $99K | $14.17 | -$3M | -144,000 | -95.4% | |
| 74 | CVE | —% | — | — | — | -$796K | -30,000 | -100.0% | SOLD |
| 75 | GLNG | —% | — | — | — | -$379K | -7,000 | -100.0% | SOLD |
| 76 | PRIM | —% | — | — | — | -$22M | -152,000 | -100.0% | SOLD |
| 77 | VNOM | —% | — | — | — | -$10M | -205,000 | -100.0% | SOLD |
Options Breakdown
0 Calls
$0 Call Value
2 Puts
$0 Put Value