CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported 70 positions worth $2.12B for the quarter ended Sep 30, 2026, down 2.1% on the prior quarter. It opened 4 new positions, added to 29, trimmed 25 and exited 5. Its largest holding is Energy Transfer LP at 7.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| SEI Solaris Energy Infrastructure, Inc. | +611.0K | +146.2% | $43.49M | 3.46% |
| KGS Kodiak Gas Services, Inc. | +428.0K | +142.7% | $22.67M | 1.82% |
| AESI Atlas Energy Solutions Inc. | +832.0K | – | $9.99M | 0.472% |
| GEV GE Vernova Inc. | +9,950 | +34.7% | $9.46M | 1.74% |
| IRDM Iridium Communications Inc. | +180.5K | +76.5% | $8.65M | 0.943% |
| EPD Enterprise Products Partners L.P. | +236.0K | +15.1% | $8.40M | 3.03% |
| CRWV CoreWeave, Inc. | +86.5K | +5,766.7% | $7.54M | 0.362% |
| KMI Kinder Morgan, Inc. | +235.0K | +11.5% | $7.09M | 3.24% |
| FSLR First Solar, Inc. | +40.0K | – | $7.01M | 0.331% |
| WTTR Select Water Solutions, Inc. | +310.0K | +30.4% | $6.13M | 1.24% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TRGP Targa Resources Corp. | -59.5K | -9.7% | $16.08M | 7.09% |
| MPLX Mplx Lp | -283.8K | -17.6% | $15.98M | 3.54% |
| ENB Enbridge Inc | -335.0K | -35.0% | $15.57M | 1.37% |
| EQT EQT Corp | -165.0K | -40.9% | $8.01M | 0.547% |
| TRP Tc Energy Corp | -100.0K | -8.0% | $5.78M | 3.13% |
| APC ARKO Petroleum Corp. | -300.0K | -100.0% | $5.66M | Exited |
| WMB Williams Companies, Inc. | -78.0K | -4.2% | $5.30M | 5.75% |
| DTM DT Midstream, Inc. | -43.0K | -5.9% | $5.14M | 3.88% |
| SOBO South Bow Corp | -150.0K | -17.5% | $4.97M | 1.1% |
| PSX Phillips 66 | -15.0K | -20.5% | $3.83M | 0.701% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | ET Energy Transfer LP | Energy | 7.77M | $153.66M | 7.26% | -151.0K | -1.9% | Reduced | 0.23% |
| 2 | TRGP Targa Resources Corp. | Energy | 554.8K | $149.97M | 7.09% | -59.5K | -9.7% | Reduced | 0.26% |
| 3 | WMB Williams Companies, Inc. | Energy | 1.79M | $121.54M | 5.75% | -78.0K | -4.2% | Reduced | 0.14% |
| 4 | PAGP Plains Gp Holdings Lp | Energy | 3.75M | $97.00M | 4.59% | -50.0K | -1.3% | Reduced | 1.89% |
| 5 | LNG Cheniere Energy, Inc. | Energy | 331.1K | $89.08M | 4.21% | -6,700 | -2.0% | Reduced | 0.16% |
| 6 | KNTK Kinetik Holdings Inc. | Energy | 1.77M | $89.00M | 4.21% | +21.0K | +1.2% | Added | 2.25% |
| 7 | DTM DT Midstream, Inc. | Energy | 687.1K | $82.09M | 3.88% | -43.0K | -5.9% | Reduced | 0.67% |
| 8 | OKE Oneok Inc | Energy | 959.9K | $81.85M | 3.87% | -26.0K | -2.6% | Reduced | 0.15% |
| 9 | MPLX Mplx Lp | Energy | 1.33M | $74.95M | 3.54% | -283.8K | -17.6% | Reduced | 0.13% |
| 10 | SEI Solaris Energy Infrastructure, Inc. | Industrials | 1.03M | $73.24M | 3.46% | +611.0K | +146.2% | Added | 1.34% |
| 11 | KMI Kinder Morgan, Inc. | Energy | 2.27M | $68.57M | 3.24% | +235.0K | +11.5% | Added | 0.1% |
| 12 | TRP Tc Energy Corp | Energy | 1.15M | $66.20M | 3.13% | -100.0K | -8.0% | Reduced | 0.11% |
| 13 | EPD Enterprise Products Partners L.P. | Energy | 1.80M | $64.15M | 3.03% | +236.0K | +15.1% | Added | 0.08% |
| 14 | WES Western Midstream Partners, LP | Energy | 1.33M | $59.05M | 2.79% | +71.0K | +5.6% | Added | 0.32% |
| 15 | BE Bloom Energy Corp | Industrials | 145.2K | $40.22M | 1.9% | +8,300 | +6.1% | Added | 0.05% |
Tip. Select a row to see that position’s full history at CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT.
As of its Q3 2026 13F filing, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT’s five largest positions were Energy Transfer LP (ET) at 7.3%, Targa Resources Corp. (TRGP) at 7.1%, Williams Companies, Inc. (WMB) at 5.7%, Plains Gp Holdings Lp (PAGP) at 4.6%, Cheniere Energy, Inc. (LNG) at 4.2% of the reported portfolio.
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported a 13F portfolio worth $2.12B across 70 positions for Q3 2026. That is down 2.1% from the previous quarter.
Its largest purchases by value were Solaris Energy Infrastructure, Inc. ($43.49M), Kodiak Gas Services, Inc. ($22.67M), Atlas Energy Solutions Inc. ($9.99M). It opened 4 new positions.
Its largest sales by value were Targa Resources Corp. ($16.08M), Mplx Lp ($15.98M), Enbridge Inc ($15.57M). It exited 5 positions entirely.
From the Form 13F-HR reports CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.