Cushing Asset Management, LP dba NXG Investment Management portfolio
Concentrated managerInvestment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 26, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Cushing Asset Management, LP dba NXG Investment Management reported a $2.2 bn portfolio of 73 positions to the SEC as of the end of Q3 2026. Its largest positions are ET, TRGP, WMB.
Sections with a free account
What changed this quarter
62 positions with a change (4 new, 29 added to, 24 trimmed, 5 sold); also, 1 entered through an IPO. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Solaris Energy Infrastructure+146%more sharesIncreased1.5% → 3.4%
- Kodiak Gas Services+143%more sharesIncreased1.0% → 1.8%
- Targa Resources−9.7%fewer sharesReduced7.4% → 6.9%
- Mplx−18%fewer sharesReduced4.1% → 3.4%
- Enbridge−35%fewer sharesReduced2.3% → 1.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Energy TransferET7.0%
- Targa ResourcesTRGP6.9%
- Williams CompaniesWMB5.6%
- Plains GP HoldingsPAGP4.4%
- Cheniere EnergyLNG4.1%
- Kinetik HoldingsKNTK4.1%
- DT MidstreamDTM3.8%
- Oneok3.8%
- MPLXMPLX3.4%
- Solaris Energy InfrastructureSEI3.4%
- Kinder MorganKMI3.1%
- TC EnergyTRP3.0%
- Enterprise Products PartnersEPD2.9%
- Western Midstream PartnersWES2.7%
- Pembina PipelinePBA2.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Energy 71%
- ● Industrials 9%
- ● Information Technology 8%
- ● Utilities 8%
- ● No sector 4%
- ● Communication Services 1%
How its portfolio changed (8 quarters)
Q3 2026: 73
Q3 2026: 46%
Q3 2026: 7.0%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Aug 6, 2026 (high confidence).
The data, as reported: NXG INVESTMENT MANAGEMENT (CRD 131517): Manages registered funds; 5.D assets by client type: registered funds 98% (of $1.8 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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