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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
$1.6B
-1.2%
Holdings
62
-3
New Purchases
4
Added To
20
Closed
5
Reduced
19
Top 10 Concentration
59.5%
Turnover
14.5%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| CEG | 2.24% | 0.91% | +1.33% | $36M |
| TLN | 1.94% | 1.10% | +0.84% | $31M |
| HESM | 5.58% | 4.81% | +0.77% | $88M |
| VST | 2.49% | 1.76% | +0.74% | $40M |
| DTM | 5.19% | 4.51% | +0.67% | $82M |
| GEV | 1.07% | 0.46% | +0.61% | $17M |
| BE | 0.60% | 0.00% | +0.60% | $10M |
| MSTR | 0.51% | 0.00% | +0.51% | $8M |
| TXO | 0.50% | 0.16% | +0.35% | $8M |
| FSLR | 0.57% | 0.24% | +0.33% | $9M |
| GEL | 0.74% | 0.42% | +0.33% | $12M |
| PWR | 0.72% | 0.43% | +0.29% | $11M |
| NRG | 0.74% | 0.47% | +0.27% | $12M |
| KNTK | 2.16% | 1.91% | +0.25% | $34M |
| MTZ | 0.32% | 0.13% | +0.19% | $5M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| TRGP | 7.31% | 8.55% | -1.24% | $116M |
| PAGP | 4.34% | 5.37% | -1.03% | $69M |
| EQT | 1.30% | 2.22% | -0.92% | $21M |
| LNG | 7.06% | 7.80% | -0.74% | $112M |
| TRP | 3.85% | 4.59% | -0.74% | $61M |
| MPLX | 5.57% | 6.08% | -0.51% | $88M |
| WES | 2.94% | 3.40% | -0.47% | $47M |
| PBA | 3.99% | 4.45% | -0.46% | $63M |
| KMI | 4.66% | 5.10% | -0.44% | $74M |
| ET | 8.21% | 8.59% | -0.38% | $130M |
| SRE | 0.00% | 0.36% | -0.36% | $0 |
| MSFT | 0.00% | 0.35% | -0.35% | $0 |
| WMB | 4.72% | 5.02% | -0.30% | $75M |
| EPD | 3.83% | 4.10% | -0.27% | $61M |
| CORZ | 0.00% | 0.23% | -0.23% | $0 |
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 | $21M | 1.4% |
| Large Cap | 44 | $1.3B | 83.2% |
| Mid Cap | 12 | $224M | 14.1% |
| Small Cap | 3 | $20M | 1.3% |
Portfolio Analytics
Avg Market Cap
$105.6B
Median Market Cap
$51.0B
Avg P/E
32.4
Median P/E
24.6
Avg Dividend Yield
0.02%
Avg Beta
1.03
# Stocks
62
# ETFs / Funds
0
Top Holdings (62 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ET | 8.21% | 7,182,600 | $130M | $18.13 | -$8M | -234,268 | -3.2% | |
| 2 | TRGP | 7.31% | 666,300 | $116M | $174.08 | -$21M | -18,242 | -2.7% | |
| 3 | LNG | 7.06% | 459,900 | $112M | $243.52 | -$13M | -81,242 | -15.0% | |
| 4 | OKE | 6.82% | 1,324,916 | $108M | $81.63 | -$5M | +186,091 | +16.3% | |
| 5 | HESM | 5.58% | 2,297,200 | $88M | $38.51 | $11M | +471,715 | +25.8% | |
| 6 | MPLX | 5.57% | 1,715,800 | $88M | $51.51 | -$9M | -106,909 | -5.9% | |
| 7 | DTM | 5.19% | 748,300 | $82M | $109.91 | $10M | -2,323 | -0.3% | |
| 8 | WMB | 4.72% | 1,191,100 | $75M | $62.81 | -$6M | -155,947 | -11.6% | |
| 9 | KMI | 4.66% | 2,514,400 | $74M | $29.40 | -$8M | -354,728 | -12.4% | |
| 10 | PAGP | 4.34% | 3,543,000 | $69M | $19.43 | -$17M | -490,000 | -12.2% | |
| 11 | PBA | 3.99% | 1,687,100 | $63M | $37.51 | -$8M | -98,269 | -5.5% | |
| 12 | TRP | 3.85% | 1,250,500 | $61M | $48.79 | -$13M | -309,286 | -19.8% | |
| 13 | EPD | 3.83% | 1,957,500 | $61M | $31.01 | -$5M | +31,652 | +1.6% | |
| 14 | WES | 2.94% | 1,203,900 | $47M | $38.70 | -$8M | -129,724 | -9.7% | |
| 15 | VST | 2.49% | 204,000 | $40M | $193.81 | $11M | -36,000 | -15.0% | |
| 16 | CEG | 2.24% | 110,000 | $36M | $322.76 | $21M | +37,500 | +51.7% | |
| 17 | KNTK | 2.16% | 779,000 | $34M | $44.05 | $4M | +189,000 | +32.0% | |
| 18 | TLN | 1.94% | 106,000 | $31M | $290.77 | $13M | +17,300 | +19.5% | |
| 19 | PSX | 1.50% | 199,700 | $24M | $119.30 | $1M | +16,514 | +9.0% | |
| 20 | EQT | 1.30% | 353,258 | $21M | $58.32 | -$15M | -312,484 | -46.9% | |
| 21 | GEV | 1.07% | 32,000 | $17M | $529.15 | $10M | +8,000 | +33.3% | |
| 22 | AM | 0.92% | 774,000 | $15M | $18.95 | $735K | — | — | |
| 23 | MPC | 0.90% | 85,500 | $14M | $166.11 | $2M | -1,028 | -1.2% | |
| 24 | ENB | 0.86% | 301,500 | $14M | $45.32 | $305K | — | — | |
| 25 | CWEN | 0.81% | 400,000 | $13M | $32.00 | -$3M | -122,000 | -23.4% | |
| 26 | GEL | 0.74% | 685,700 | $12M | $17.23 | $5M | +257,863 | +60.3% | |
| 27 | NRG | 0.74% | 73,000 | $12M | $160.58 | $4M | -6,000 | -7.6% | |
| 28 | PWR | 0.72% | 30,000 | $11M | $378.08 | $4M | +3,000 | +11.1% | |
| 29 | BE | 0.60% | 400,000 | $10M | $23.92 | — | +400,000 | — | NEW |
| 30 | FSLR | 0.57% | 55,000 | $9M | $165.54 | $5M | +24,000 | +77.4% | |
| 31 | MSTR | 0.51% | 20,000 | $8M | $404.23 | — | +20,000 | — | NEW |
| 32 | TXO | 0.50% | 530,000 | $8M | $15.04 | $5M | +400,000 | +307.7% | |
| 33 | ARLP | 0.40% | 241,000 | $6M | $26.14 | -$520K | -9,000 | -3.6% | |
| 34 | PANW | 0.39% | 30,000 | $6M | $204.64 | $2M | +4,000 | +15.4% | |
| 35 | PRIM | 0.34% | 69,000 | $5M | $77.94 | $3M | +20,000 | +40.8% | |
| 36 | NEE | 0.34% | 77,000 | $5M | $69.42 | -$113K | — | — | |
| 37 | ITRI | 0.33% | 40,000 | $5M | $131.63 | $1M | — | — | |
| 38 | MTZ | 0.32% | 30,000 | $5M | $170.43 | $3M | +12,000 | +66.7% | |
| 39 | NXT | 0.30% | 87,000 | $5M | $54.37 | $2M | +27,000 | +45.0% | |
| 40 | CVE | 0.30% | 344,000 | $5M | $13.60 | -$107K | — | — | |
| 41 | TMUS | 0.29% | 19,000 | $5M | $238.26 | $793K | +5,000 | +35.7% | |
| 42 | CRWD | 0.22% | 7,000 | $4M | $509.31 | -$2M | -8,000 | -53.3% | |
| 43 | EQIX | 0.20% | 4,000 | $3M | $795.47 | $736K | +1,000 | +33.3% | |
| 44 | SO | 0.19% | 33,000 | $3M | $91.83 | -$4K | — | — | |
| 45 | DLR | 0.19% | 17,000 | $3M | $174.33 | $958K | +3,000 | +21.4% | |
| 46 | NET | 0.19% | 15,000 | $3M | $195.83 | — | +15,000 | — | NEW |
| 47 | RSG | 0.17% | 11,000 | $3M | $246.61 | $49K | — | — | |
| 48 | NTNX | 0.17% | 35,000 | $3M | $76.44 | $232K | — | — | |
| 49 | PAA | 0.17% | 145,300 | $3M | $18.32 | -$1M | -38,805 | -21.1% | |
| 50 | PEG | 0.15% | 29,000 | $2M | $84.18 | $55K | — | — | |
| 51 | MSI | 0.13% | 5,000 | $2M | $420.46 | -$87K | — | — | |
| 52 | ETR | 0.13% | 25,000 | $2M | $83.12 | -$59K | — | — | |
| 53 | CYBR | 0.13% | 5,000 | $2M | $406.88 | $344K | — | — | |
| 54 | AEP | 0.11% | 17,000 | $2M | $103.76 | -$94K | — | — | |
| 55 | AGX | 0.11% | 8,000 | $2M | $220.48 | — | +8,000 | — | NEW |
| 56 | NGL | 0.07% | 275,000 | $1M | $4.27 | $266K | +75,000 | +37.5% | |
| 57 | VTLE | 0.02% | 15,000 | $241K | $16.09 | -$77K | — | — | |
| 58 | CLSK | —% | — | — | — | -$3M | -500,500 | -100.0% | SOLD |
| 59 | MSFT | —% | — | — | — | -$6M | -15,000 | -100.0% | SOLD |
| 60 | S | —% | — | — | — | -$2M | -90,000 | -100.0% | SOLD |
| 61 | CORZ | —% | — | — | — | -$4M | -500,000 | -100.0% | SOLD |
| 62 | SRE | —% | — | — | — | -$6M | -82,000 | -100.0% | SOLD |
Options Breakdown
4 Calls
$45M Call Value
5 Puts
$36M Put Value
0.8 P/C Ratio