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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
$2.0B
+15.9%
Holdings
68
+2
New Purchases
9
Added To
23
Closed
6
Reduced
21
Top 10 Concentration
55.1%
Turnover
22.1%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| ENB | 2.75% | 1.69% | +1.06% | $54M |
| MPC | 1.77% | 0.79% | +0.98% | $35M |
| SEI | 1.11% | 0.16% | +0.95% | $22M |
| TRGP | 8.29% | 7.38% | +0.90% | $164M |
| KNTK | 4.60% | 3.90% | +0.69% | $91M |
| APC | 0.65% | 0.00% | +0.65% | $13M |
| WMB | 6.27% | 5.63% | +0.64% | $124M |
| SUNC | 0.62% | 0.00% | +0.62% | $12M |
| EE | 0.55% | 0.00% | +0.55% | $11M |
| AGX | 1.05% | 0.64% | +0.40% | $21M |
| BE | 0.93% | 0.59% | +0.34% | $18M |
| WTTR | 0.33% | 0.00% | +0.33% | $6M |
| DY | 0.62% | 0.30% | +0.32% | $12M |
| LNG | 4.02% | 3.71% | +0.31% | $79M |
| WBI | 0.27% | 0.00% | +0.27% | $5M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| HESM | 0.00% | 2.75% | -2.75% | $0 |
| CEG | 1.17% | 2.42% | -1.25% | $23M |
| TLN | 1.44% | 2.58% | -1.14% | $29M |
| FSLR | 0.00% | 1.04% | -1.04% | $0 |
| GEV | 1.06% | 1.84% | -0.78% | $21M |
| OKE | 4.90% | 5.60% | -0.70% | $97M |
| VST | 1.40% | 1.98% | -0.58% | $28M |
| MPLX | 5.38% | 5.90% | -0.53% | $106M |
| CVE | 0.04% | 0.46% | -0.42% | $796K |
| DTM | 4.96% | 5.27% | -0.31% | $98M |
| MSFT | 0.00% | 0.28% | -0.28% | $0 |
| ORCL | 0.00% | 0.26% | -0.26% | $0 |
| NRG | 1.26% | 1.51% | -0.25% | $25M |
| PEG | 0.00% | 0.23% | -0.23% | $0 |
| CYBR | 0.00% | 0.18% | -0.18% | $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 | 1.1% |
| Large Cap | 47 | $1.7B | 84.0% |
| Mid Cap | 14 | $279M | 14.1% |
| Small Cap | 3 | $15M | 0.8% |
| Micro Cap | 1 | $59K | 0.0% |
Portfolio Analytics
Avg Market Cap
$100.5B
Median Market Cap
$29.6B
Avg P/E
37.5
Median P/E
25.7
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
68
# ETFs / Funds
0
Top Holdings (68 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRGP | 8.29% | 652,300 | $164M | $250.73 | $38M | -29,000 | -4.3% | |
| 2 | ET | 7.82% | 7,997,600 | $154M | $19.30 | $23M | +6,000 | +0.1% | |
| 3 | WMB | 6.27% | 1,700,100 | $124M | $72.78 | $28M | +105,000 | +6.6% | |
| 4 | MPLX | 5.38% | 1,859,100 | $106M | $57.07 | $6M | -24,700 | -1.3% | |
| 5 | DTM | 4.96% | 727,100 | $98M | $134.67 | $8M | -22,200 | -3.0% | |
| 6 | OKE | 4.90% | 1,069,900 | $97M | $90.39 | $1M | -228,016 | -17.6% | |
| 7 | KMI | 4.62% | 2,722,300 | $91M | $33.53 | $13M | -142,700 | -5.0% | |
| 8 | KNTK | 4.60% | 1,874,000 | $91M | $48.41 | $24M | +30,600 | +1.7% | |
| 9 | PAGP | 4.26% | 3,460,000 | $84M | $24.28 | $13M | -265,000 | -7.1% | |
| 10 | TRP | 4.06% | 1,280,600 | $80M | $62.60 | $9M | -14,900 | -1.1% | |
| 11 | LNG | 4.02% | 279,800 | $79M | $283.76 | $16M | -45,000 | -13.8% | |
| 12 | WES | 3.50% | 1,676,900 | $69M | $41.17 | $8M | +136,000 | +8.8% | |
| 13 | EPD | 3.35% | 1,745,500 | $66M | $37.84 | $9M | -47,000 | -2.6% | |
| 14 | PBA | 3.08% | 1,357,100 | $61M | $44.76 | $9M | +10,000 | +0.7% | |
| 15 | ENB | 2.75% | 1,001,500 | $54M | $54.14 | $25M | +400,000 | +66.5% | |
| 16 | MPC | 1.77% | 142,800 | $35M | $244.18 | $21M | +60,300 | +73.1% | |
| 17 | PSX | 1.66% | 180,100 | $33M | $182.18 | $8M | -10,800 | -5.7% | |
| 18 | TLN | 1.44% | 89,300 | $29M | $319.23 | -$15M | -27,900 | -23.8% | |
| 19 | VST | 1.40% | 183,600 | $28M | $150.33 | -$6M | -25,100 | -12.0% | |
| 20 | EQT | 1.30% | 403,258 | $26M | $63.64 | $7M | +59,000 | +17.1% | |
| 21 | NRG | 1.26% | 170,500 | $25M | $146.14 | -$880K | +8,500 | +5.2% | |
| 22 | CEG | 1.17% | 82,700 | $23M | $279.25 | -$18M | -34,000 | -29.1% | |
| 23 | MTZ | 1.16% | 70,900 | $23M | $321.74 | $7M | +400 | +0.6% | |
| 24 | SEI | 1.11% | 388,000 | $22M | $56.51 | $19M | +327,000 | +536.1% | |
| 25 | PRIM | 1.10% | 152,000 | $22M | $143.04 | $6M | +25,000 | +19.7% | |
| 26 | GEV | 1.06% | 24,000 | $21M | $872.90 | -$10M | -23,850 | -49.8% | |
| 27 | PWR | 1.06% | 38,000 | $21M | $549.02 | $4M | -1,000 | -2.6% | |
| 28 | AGX | 1.05% | 38,000 | $21M | $544.65 | $10M | +3,000 | +8.6% | |
| 29 | BE | 0.93% | 135,000 | $18M | $135.49 | $8M | +20,000 | +17.4% | |
| 30 | NXT | 0.87% | 143,000 | $17M | $120.55 | $3M | -20,000 | -12.3% | |
| 31 | APC | 0.65% | 712,451 | $13M | $17.89 | — | +712,451 | — | NEW |
| 32 | SUNC | 0.62% | 200,000 | $12M | $61.65 | — | +200,000 | — | NEW |
| 33 | DY | 0.62% | 36,000 | $12M | $338.82 | $7M | +21,000 | +140.0% | |
| 34 | CRWD | 0.59% | 30,000 | $12M | $390.41 | -$7K | +5,000 | +20.0% | |
| 35 | PANW | 0.58% | 72,000 | $12M | $160.32 | $3M | +25,000 | +53.2% | |
| 36 | DOCN | 0.57% | 132,200 | $11M | $85.78 | $6M | +16,200 | +14.0% | |
| 37 | EE | 0.55% | 325,000 | $11M | $33.42 | — | +325,000 | — | NEW |
| 38 | NET | 0.52% | 50,000 | $10M | $206.34 | $4M | +20,000 | +66.7% | |
| 39 | VNOM | 0.49% | 205,000 | $10M | $46.99 | -$1M | -74,000 | -26.5% | |
| 40 | NEE | 0.45% | 95,000 | $9M | $92.88 | $5M | +45,000 | +90.0% | |
| 41 | TXO | 0.37% | 581,000 | $7M | $12.58 | $1M | — | — | |
| 42 | ETR | 0.36% | 63,000 | $7M | $112.36 | $1M | — | — | |
| 43 | WTTR | 0.33% | 420,000 | $6M | $15.30 | — | +420,000 | — | NEW |
| 44 | DLR | 0.31% | 34,000 | $6M | $180.21 | $867K | — | — | |
| 45 | WBI | 0.27% | 202,500 | $5M | $26.79 | — | +202,500 | — | NEW |
| 46 | IREN | 0.27% | 157,000 | $5M | $34.28 | -$397K | +4,000 | +2.6% | |
| 47 | ARLP | 0.27% | 191,000 | $5M | $27.65 | $844K | — | — | |
| 48 | STRL | 0.24% | 11,550 | $5M | $407.27 | — | +11,550 | — | NEW |
| 49 | DUK | 0.23% | 35,000 | $5M | $130.94 | — | +35,000 | — | NEW |
| 50 | AM | 0.23% | 201,000 | $5M | $22.80 | -$1M | -115,000 | -36.4% | |
| 51 | SNOW | 0.22% | 29,000 | $4M | $150.82 | -$672K | +6,000 | +26.1% | |
| 52 | SO | 0.22% | 45,000 | $4M | $96.52 | $419K | — | — | |
| 53 | WEC | 0.21% | 35,000 | $4M | $115.77 | $361K | — | — | |
| 54 | AEP | 0.17% | 25,000 | $3M | $131.08 | $394K | — | — | |
| 55 | GEL | 0.14% | 151,000 | $3M | $17.83 | -$205K | -34,700 | -18.7% | |
| 56 | CIFR | 0.11% | 170,000 | $2M | $12.87 | — | +170,000 | — | NEW |
| 57 | NGL | 0.09% | 150,000 | $2M | $12.33 | $350K | — | — | |
| 58 | PAA | 0.06% | 55,300 | $1M | $22.33 | -$2M | -100,000 | -64.4% | |
| 59 | CVE | 0.04% | 30,000 | $796K | $26.53 | -$7M | -430,000 | -93.5% | |
| 60 | GLNG | 0.02% | 7,000 | $379K | $54.11 | — | +7,000 | — | NEW |
| 61 | CLSK | 0.01% | 32,000 | $272K | $8.51 | $70K | +12,000 | +60.0% | |
| 62 | NFE | —% | 100,000 | $59K | $0.59 | -$55K | — | — | |
| 63 | ORCL | —% | — | — | — | -$4M | -23,000 | -100.0% | SOLD |
| 64 | PEG | —% | — | — | — | -$4M | -49,000 | -100.0% | SOLD |
| 65 | HESM | —% | — | — | — | -$47M | -1,357,200 | -100.0% | SOLD |
| 66 | FSLR | —% | — | — | — | -$18M | -68,000 | -100.0% | SOLD |
| 67 | CYBR | —% | — | — | — | -$3M | -7,000 | -100.0% | SOLD |
| 68 | MSFT | —% | — | — | — | -$5M | -10,000 | -100.0% | SOLD |
Options Breakdown
0 Calls
$0 Call Value
2 Puts
$11M Put Value