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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
$1.7B
-1.0%
Holdings
66
+4
New Purchases
8
Added To
23
Closed
7
Reduced
18
Top 10 Concentration
53.2%
Turnover
22.7%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| KNTK | 3.81% | 2.40% | +1.41% | $66M |
| WMB | 5.50% | 4.32% | +1.18% | $96M |
| MPLX | 5.77% | 4.92% | +0.85% | $101M |
| 0KCI.L | 5.47% | 4.63% | +0.84% | $95M |
| DTM | 5.14% | 4.36% | +0.78% | $90M |
| TRGP | 7.21% | 6.49% | +0.72% | $126M |
| WES | 3.49% | 2.84% | +0.66% | $61M |
| PAGP | 4.09% | 3.71% | +0.38% | $71M |
| NXT | 0.81% | 0.45% | +0.36% | $14M |
| IREN | 0.33% | 0.00% | +0.33% | $6M |
| DOCN | 0.32% | 0.00% | +0.32% | $6M |
| MTZ | 0.88% | 0.57% | +0.31% | $15M |
| DY | 0.29% | 0.00% | +0.29% | $5M |
| KMI | 4.52% | 4.23% | +0.29% | $79M |
| MSFT | 0.28% | 0.00% | +0.28% | $5M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| LNG | 3.62% | 6.01% | -2.39% | $63M |
| HESM | 2.69% | 4.55% | -1.86% | $47M |
| AM | 0.32% | 1.00% | -0.68% | $6M |
| PBA | 2.94% | 3.60% | -0.66% | $51M |
| VST | 1.93% | 2.57% | -0.64% | $34M |
| EIX | 0.00% | 0.60% | -0.60% | $0 |
| GEL | 0.17% | 0.65% | -0.48% | $3M |
| MSTR | 0.00% | 0.46% | -0.46% | $0 |
| ET | 7.56% | 8.00% | -0.44% | $132M |
| ITRI | 0.00% | 0.38% | -0.38% | $0 |
| TMUS | 0.00% | 0.37% | -0.37% | $0 |
| BE | 0.57% | 0.90% | -0.32% | $10M |
| EQIX | 0.00% | 0.31% | -0.31% | $0 |
| NTNX | 0.00% | 0.25% | -0.25% | $0 |
| EPD | 3.30% | 3.54% | -0.24% | $57M |
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 | 5 | $61M | 3.5% |
| Large Cap | 46 | $1.4B | 80.4% |
| Mid Cap | 13 | $272M | 15.6% |
| Small Cap | 2 | $9M | 0.5% |
Portfolio Analytics
Avg Market Cap
$120.5B
Median Market Cap
$40.5B
Avg P/E
36.0
Median P/E
21.2
Avg Dividend Yield
0.03%
Avg Beta
1.02
# Stocks
66
# ETFs / Funds
0
Top Holdings (66 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ET | 7.56% | 7,991,600 | $132M | $16.49 | -$9M | -220,000 | -2.7% | |
| 2 | TRGP | 7.21% | 681,300 | $126M | $184.50 | $11M | -1,000 | -0.1% | |
| 3 | MPLX | 5.77% | 1,883,800 | $101M | $53.37 | $14M | +150,000 | +8.7% | |
| 4 | WMB | 5.50% | 1,595,100 | $96M | $60.11 | $20M | +395,000 | +32.9% | |
| 5 | 0KCI.L | 5.47% | 1,297,916 | $95M | $73.50 | $14M | +181,000 | +16.2% | |
| 6 | DTM | 5.14% | 749,300 | $90M | $119.68 | $13M | +70,000 | +10.3% | |
| 7 | KMI | 4.52% | 2,865,000 | $79M | $27.49 | $4M | +235,000 | +8.9% | |
| 8 | PAGP | 4.09% | 3,725,000 | $71M | $19.14 | $6M | +140,000 | +3.9% | |
| 9 | TRP | 4.09% | 1,295,500 | $71M | $55.01 | -$3M | -70,000 | -5.1% | |
| 10 | KNTK | 3.81% | 1,843,400 | $66M | $36.05 | $24M | +855,000 | +86.5% | |
| 11 | LNG | 3.62% | 324,800 | $63M | $194.39 | -$43M | -126,000 | -27.9% | |
| 12 | WES | 3.49% | 1,540,900 | $61M | $39.50 | $11M | +270,000 | +21.2% | |
| 13 | EPD | 3.30% | 1,792,500 | $57M | $32.06 | -$5M | -200,000 | -10.0% | |
| 14 | PBA | 2.94% | 1,347,100 | $51M | $38.06 | -$12M | -218,588 | -14.0% | |
| 15 | HESM | 2.69% | 1,357,200 | $47M | $34.50 | -$33M | -960,000 | -41.4% | |
| 16 | TLN | 2.52% | 117,200 | $44M | $374.84 | -$1M | +11,300 | +10.7% | |
| 17 | CEG | 2.36% | 116,700 | $41M | $353.27 | $2M | -3,000 | -2.5% | |
| 18 | SOBO | 2.35% | 1,490,500 | $41M | $27.47 | -$2M | -40,000 | -2.6% | |
| 19 | VST | 1.93% | 208,700 | $34M | $161.33 | -$12M | -22,000 | -9.5% | |
| 20 | GEV | 1.79% | 47,850 | $31M | $653.57 | $3M | +1,100 | +2.4% | |
| 21 | ENB | 1.65% | 601,500 | $29M | $47.83 | $3M | +100,000 | +19.9% | |
| 22 | NRG | 1.48% | 162,000 | $26M | $159.24 | $1M | +10,000 | +6.6% | |
| 23 | PSX | 1.41% | 190,900 | $25M | $129.04 | -$4M | -18,800 | -9.0% | |
| 24 | EQT | 1.06% | 344,258 | $18M | $53.60 | -$776K | -9,000 | -2.5% | |
| 25 | FSLR | 1.02% | 68,000 | $18M | $261.23 | $4M | +6,000 | +9.7% | |
| 26 | PWR | 0.94% | 39,000 | $16M | $422.06 | $2M | +4,000 | +11.4% | |
| 27 | PRIM | 0.90% | 127,000 | $16M | $124.14 | $4M | +41,000 | +47.7% | |
| 28 | MTZ | 0.88% | 70,500 | $15M | $217.37 | $5M | +23,500 | +50.0% | |
| 29 | NXT | 0.81% | 163,000 | $14M | $87.11 | $6M | +56,000 | +52.3% | |
| 30 | MPC | 0.77% | 82,500 | $13M | $162.63 | -$3M | -3,000 | -3.5% | |
| 31 | CRWD | 0.67% | 25,000 | $12M | $468.76 | $440K | +2,000 | +8.7% | |
| 32 | AGX | 0.63% | 35,000 | $11M | $313.32 | $3M | +4,000 | +12.9% | |
| 33 | VNOM | 0.62% | 279,000 | $11M | $38.63 | $114K | — | — | |
| 34 | BE | 0.57% | 115,000 | $10M | $86.89 | -$6M | -72,000 | -38.5% | |
| 35 | PANW | 0.50% | 47,000 | $9M | $184.20 | -$913K | — | — | |
| 36 | CVE | 0.45% | 460,000 | $8M | $16.92 | $2M | +116,000 | +33.7% | |
| 37 | TXO | 0.36% | 581,000 | $6M | $10.67 | -$2M | — | — | |
| 38 | NET | 0.34% | 30,000 | $6M | $197.15 | -$523K | — | — | |
| 39 | ETR | 0.33% | 63,000 | $6M | $92.43 | -$48K | — | — | |
| 40 | IREN | 0.33% | 153,000 | $6M | $37.77 | — | +153,000 | — | NEW |
| 41 | AM | 0.32% | 316,000 | $6M | $17.79 | -$12M | -590,000 | -65.1% | |
| 42 | DOCN | 0.32% | 116,000 | $6M | $48.12 | — | +116,000 | — | NEW |
| 43 | DLR | 0.30% | 34,000 | $5M | $154.71 | -$618K | — | — | |
| 44 | DY | 0.29% | 15,000 | $5M | $337.90 | — | +15,000 | — | NEW |
| 45 | SNOW | 0.29% | 23,000 | $5M | $219.36 | $2M | +10,000 | +76.9% | |
| 46 | MSFT | 0.28% | 10,000 | $5M | $483.62 | — | +10,000 | — | NEW |
| 47 | ORCL | 0.26% | 23,000 | $4M | $194.91 | — | +23,000 | — | NEW |
| 48 | ARLP | 0.25% | 191,000 | $4M | $23.23 | -$2M | -50,000 | -20.8% | |
| 49 | NEE | 0.23% | 50,000 | $4M | $80.28 | — | +50,000 | — | NEW |
| 50 | PEG | 0.23% | 49,000 | $4M | $80.30 | -$155K | — | — | |
| 51 | SO | 0.23% | 45,000 | $4M | $87.20 | -$341K | — | — | |
| 52 | WEC | 0.21% | 35,000 | $4M | $105.46 | $712K | +9,000 | +34.6% | |
| 53 | CYBR | 0.18% | 7,000 | $3M | $446.06 | -$260K | — | — | |
| 54 | GEL | 0.17% | 185,700 | $3M | $15.60 | -$9M | -500,000 | -72.9% | |
| 55 | AEP | 0.17% | 25,000 | $3M | $115.31 | $70K | — | — | |
| 56 | SEI | 0.16% | 61,000 | $3M | $45.97 | — | +61,000 | — | NEW |
| 57 | PAA | 0.16% | 155,300 | $3M | $17.96 | $310K | +10,000 | +6.9% | |
| 58 | NGL | 0.09% | 150,000 | $2M | $10.00 | -$150K | -125,000 | -45.5% | |
| 59 | CLSK | 0.01% | 20,000 | $202K | $10.12 | — | +20,000 | — | NEW |
| 60 | EIX | —% | — | — | — | -$11M | -190,000 | -100.0% | SOLD |
| 61 | ITRI | —% | — | — | — | -$7M | -54,000 | -100.0% | SOLD |
| 62 | EQIX | —% | — | — | — | -$5M | -7,000 | -100.0% | SOLD |
| 63 | MSTR | —% | — | — | — | -$8M | -25,000 | -100.0% | SOLD |
| 64 | TMUS | —% | — | — | — | -$6M | -27,000 | -100.0% | SOLD |
| 65 | NTNX | —% | — | — | — | -$4M | -60,000 | -100.0% | SOLD |
| 66 | MSI | —% | — | — | — | -$4M | -9,000 | -100.0% | SOLD |