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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
$1.8B
+8.4%
Holdings
62
-1
New Purchases
4
Added To
41
Closed
4
Reduced
6
Top 10 Concentration
51.7%
Turnover
12.9%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| NRG | 1.40% | 0.72% | +0.68% | $25M |
| TLN | 2.56% | 1.90% | +0.66% | $45M |
| VNOM | 0.61% | 0.00% | +0.61% | $11M |
| EIX | 0.60% | 0.00% | +0.60% | $11M |
| ENB | 1.44% | 0.84% | +0.60% | $25M |
| GEV | 1.63% | 1.04% | +0.59% | $29M |
| TRP | 4.22% | 3.75% | +0.46% | $74M |
| CRWD | 0.64% | 0.22% | +0.42% | $11M |
| AGX | 0.48% | 0.11% | +0.37% | $8M |
| PRIM | 0.67% | 0.33% | +0.34% | $12M |
| BE | 0.90% | 0.59% | +0.31% | $16M |
| KNTK | 2.40% | 2.11% | +0.29% | $42M |
| MTZ | 0.57% | 0.31% | +0.25% | $10M |
| FSLR | 0.78% | 0.56% | +0.22% | $14M |
| ETR | 0.33% | 0.13% | +0.21% | $6M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| 0KCI.L | 4.63% | 6.65% | -2.03% | $82M |
| HESM | 4.55% | 5.44% | -0.90% | $80M |
| LNG | 6.01% | 6.89% | -0.88% | $106M |
| CWEN | 0.00% | 0.79% | -0.79% | $0 |
| DTM | 4.36% | 5.06% | -0.70% | $77M |
| TRGP | 6.49% | 7.14% | -0.65% | $114M |
| PAGP | 3.71% | 4.24% | -0.52% | $65M |
| MPLX | 4.92% | 5.44% | -0.52% | $87M |
| NEE | 0.00% | 0.33% | -0.33% | $0 |
| KMI | 4.23% | 4.55% | -0.32% | $74M |
| PBA | 3.60% | 3.89% | -0.30% | $63M |
| WMB | 4.32% | 4.60% | -0.29% | $76M |
| EPD | 3.54% | 3.73% | -0.20% | $62M |
| EQT | 1.09% | 1.27% | -0.18% | $19M |
| RSG | 0.00% | 0.17% | -0.17% | $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 | $50M | 2.8% |
| Large Cap | 45 | $1.4B | 80.0% |
| Mid Cap | 11 | $283M | 16.1% |
| Small Cap | 3 | $20M | 1.1% |
Portfolio Analytics
Avg Market Cap
$60.0B
Median Market Cap
$47.2B
Avg P/E
35.4
Median P/E
20.3
Avg Dividend Yield
0.03%
Avg Beta
0.88
# 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 | 8.00% | 8,211,600 | $141M | $17.16 | $11M | +1,029,000 | +14.3% | |
| 2 | TRGP | 6.49% | 682,300 | $114M | $167.54 | -$2M | +16,000 | +2.4% | |
| 3 | LNG | 6.01% | 450,800 | $106M | $234.98 | -$6M | -9,100 | -2.0% | |
| 4 | MPLX | 4.92% | 1,733,800 | $87M | $49.95 | -$2M | +18,000 | +1.1% | |
| 5 | 0KCI.L | 4.63% | 1,116,916 | $82M | $72.97 | -$27M | -208,000 | -15.7% | |
| 6 | HESM | 4.55% | 2,317,200 | $80M | $34.55 | -$8M | +20,000 | +0.9% | |
| 7 | DTM | 4.36% | 679,300 | $77M | $113.06 | -$5M | -69,000 | -9.2% | |
| 8 | WMB | 4.32% | 1,200,100 | $76M | $63.35 | $1M | +9,000 | +0.8% | |
| 9 | KMI | 4.23% | 2,630,000 | $74M | $28.31 | $532K | +115,600 | +4.6% | |
| 10 | TRP | 4.22% | 1,365,500 | $74M | $54.41 | $13M | +115,000 | +9.2% | |
| 11 | PAGP | 3.71% | 3,585,000 | $65M | $18.24 | -$3M | +42,000 | +1.2% | |
| 12 | PBA | 3.60% | 1,565,688 | $63M | $40.46 | $65K | -121,412 | -7.2% | |
| 13 | EPD | 3.54% | 1,992,500 | $62M | $31.27 | $2M | +35,000 | +1.8% | |
| 14 | WES | 2.84% | 1,270,900 | $50M | $39.29 | $3M | +67,000 | +5.6% | |
| 15 | VST | 2.57% | 230,700 | $45M | $195.92 | $6M | +26,700 | +13.1% | |
| 16 | TLN | 2.56% | 105,900 | $45M | $425.38 | $14M | -100 | -0.1% | |
| 17 | SOBO | 2.46% | 1,530,500 | $43M | $28.29 | $4M | +4,400 | +0.3% | |
| 18 | KNTK | 2.40% | 988,400 | $42M | $42.74 | $8M | +209,400 | +26.9% | |
| 19 | CEG | 2.24% | 119,700 | $39M | $329.07 | $4M | +9,700 | +8.8% | |
| 20 | GEV | 1.63% | 46,750 | $29M | $614.90 | $12M | +14,750 | +46.1% | |
| 21 | PSX | 1.62% | 209,700 | $29M | $136.02 | $5M | +10,000 | +5.0% | |
| 22 | ENB | 1.44% | 501,500 | $25M | $50.46 | $12M | +200,000 | +66.3% | |
| 23 | NRG | 1.40% | 152,000 | $25M | $161.95 | $13M | +79,000 | +108.2% | |
| 24 | EQT | 1.09% | 353,258 | $19M | $54.43 | -$1M | — | — | |
| 25 | AM | 1.00% | 906,000 | $18M | $19.44 | $3M | +132,000 | +17.1% | |
| 26 | MPC | 0.94% | 85,500 | $16M | $192.74 | $2M | — | — | |
| 27 | BE | 0.90% | 187,000 | $16M | $84.57 | $6M | -213,000 | -53.2% | |
| 28 | PWR | 0.82% | 35,000 | $15M | $414.42 | $3M | +5,000 | +16.7% | |
| 29 | FSLR | 0.78% | 62,000 | $14M | $220.53 | $5M | +7,000 | +12.7% | |
| 30 | PRIM | 0.67% | 86,000 | $12M | $137.33 | $6M | +17,000 | +24.6% | |
| 31 | GEL | 0.65% | 685,700 | $11M | $16.71 | -$357K | — | — | |
| 32 | CRWD | 0.64% | 23,000 | $11M | $490.38 | $8M | +16,000 | +228.6% | |
| 33 | VNOM | 0.61% | 279,000 | $11M | $38.22 | — | +279,000 | — | NEW |
| 34 | EIX | 0.60% | 190,000 | $11M | $55.28 | — | +190,000 | — | NEW |
| 35 | MTZ | 0.57% | 47,000 | $10M | $212.81 | $5M | +17,000 | +56.7% | |
| 36 | PANW | 0.54% | 47,000 | $10M | $203.62 | $3M | +17,000 | +56.7% | |
| 37 | AGX | 0.48% | 31,000 | $8M | $270.05 | $7M | +23,000 | +287.5% | |
| 38 | TXO | 0.46% | 581,000 | $8M | $14.05 | $192K | +51,000 | +9.6% | |
| 39 | MSTR | 0.46% | 25,000 | $8M | $322.21 | -$29K | +5,000 | +25.0% | |
| 40 | NXT | 0.45% | 107,000 | $8M | $73.99 | $3M | +20,000 | +23.0% | |
| 41 | ITRI | 0.38% | 54,000 | $7M | $124.56 | $1M | +14,000 | +35.0% | |
| 42 | TMUS | 0.37% | 27,000 | $6M | $239.38 | $2M | +8,000 | +42.1% | |
| 43 | NET | 0.37% | 30,000 | $6M | $214.59 | $4M | +15,000 | +100.0% | |
| 44 | ARLP | 0.35% | 241,000 | $6M | $25.29 | -$206K | — | — | |
| 45 | DLR | 0.33% | 34,000 | $6M | $172.88 | $3M | +17,000 | +100.0% | |
| 46 | ETR | 0.33% | 63,000 | $6M | $93.19 | $4M | +38,000 | +152.0% | |
| 47 | CVE | 0.33% | 344,000 | $6M | $16.99 | $1M | — | — | |
| 48 | EQIX | 0.31% | 7,000 | $5M | $783.24 | $2M | +3,000 | +75.0% | |
| 49 | NTNX | 0.25% | 60,000 | $4M | $74.39 | $2M | +25,000 | +71.4% | |
| 50 | SO | 0.24% | 45,000 | $4M | $94.77 | $1M | +12,000 | +36.4% | |
| 51 | MSI | 0.23% | 9,000 | $4M | $457.29 | $2M | +4,000 | +80.0% | |
| 52 | PEG | 0.23% | 49,000 | $4M | $83.46 | $2M | +20,000 | +69.0% | |
| 53 | CYBR | 0.19% | 7,000 | $3M | $483.15 | $1M | +2,000 | +40.0% | |
| 54 | WEC | 0.17% | 26,000 | $3M | $114.59 | — | +26,000 | — | NEW |
| 55 | SNOW | 0.17% | 13,000 | $3M | $225.55 | — | +13,000 | — | NEW |
| 56 | AEP | 0.16% | 25,000 | $3M | $112.50 | $1M | +8,000 | +47.1% | |
| 57 | PAA | 0.14% | 145,300 | $2M | $17.06 | -$183K | — | — | |
| 58 | NGL | 0.09% | 275,000 | $2M | $6.00 | $476K | — | — | |
| 59 | NEE | —% | — | — | — | -$5M | -77,000 | -100.0% | SOLD |
| 60 | VTLE | —% | — | — | — | -$241K | -15,000 | -100.0% | SOLD |
| 61 | CWEN | —% | — | — | — | -$13M | -400,000 | -100.0% | SOLD |
| 62 | RSG | —% | — | — | — | -$3M | -11,000 | -100.0% | SOLD |
Options Breakdown
4 Calls
$0 Call Value
4 Puts
$0 Put Value