CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| KINETIK HOLDINGS INC | 988,400 | 1,843,400 | +855,000 | 42,244,216 | 66,454,570 | +24,210,354 |
| WILLIAMS COS INC | 1,200,100 | 1,595,100 | +395,000 | 76,026,335 | 95,881,461 | +19,855,126 |
| MPLX LP | 1,733,800 | 1,883,800 | +150,000 | 86,603,310 | 100,538,406 | +13,935,096 |
| ONEOK INC NEW | 1,116,916 | 1,297,916 | +181,000 | 81,501,361 | 95,396,826 | +13,895,465 |
| DT MIDSTREAM INC | 679,300 | 749,300 | +70,000 | 76,801,658 | 89,676,224 | +12,874,566 |
| TARGA RES CORP | 682,300 | 681,300 | -1,000 | 114,312,542 | 125,699,850 | +11,387,308 |
| WESTERN MIDSTREAM PARTNERS L | 1,270,900 | 1,540,900 | +270,000 | 49,933,661 | 60,865,550 | +10,931,889 |
| NEXTPOWER INC | 107,000 | 163,000 | +56,000 | 7,916,930 | 14,198,930 | +6,282,000 |
| PLAINS GP HLDGS L P | 3,585,000 | 3,725,000 | +140,000 | 65,390,400 | 71,296,500 | +5,906,100 |
| IREN LIMITED | 0 | 153,000 | +153,000 | 0 | 5,778,810 | +5,778,810 |
| DIGITALOCEAN HLDGS INC | 0 | 116,000 | +116,000 | 0 | 5,581,920 | +5,581,920 |
| MASTEC INC | 47,000 | 70,500 | +23,500 | 10,002,070 | 15,324,585 | +5,322,515 |
| DYCOM INDS INC | 0 | 15,000 | +15,000 | 0 | 5,068,500 | +5,068,500 |
| MICROSOFT CORP | 0 | 10,000 | +10,000 | 0 | 4,836,200 | +4,836,200 |
| ORACLE CORP | 0 | 23,000 | +23,000 | 0 | 4,482,930 | +4,482,930 |
| KINDER MORGAN INC DEL | 2,630,000 | 2,865,000 | +235,000 | 74,455,300 | 78,758,850 | +4,303,550 |
| FIRST SOLAR INC | 62,000 | 68,000 | +6,000 | 13,672,860 | 17,763,640 | +4,090,780 |
| NEXTERA ENERGY INC | 0 | 50,000 | +50,000 | 0 | 4,014,000 | +4,014,000 |
| PRIMORIS SVCS CORP | 86,000 | 127,000 | +41,000 | 11,810,380 | 15,765,780 | +3,955,400 |
| ENBRIDGE INC | 501,500 | 601,500 | +100,000 | 25,305,690 | 28,769,745 | +3,464,055 |
| SOLARIS ENERGY INFRAS INC | 0 | 61,000 | +61,000 | 0 | 2,804,170 | +2,804,170 |
| ARGAN INC | 31,000 | 35,000 | +4,000 | 8,371,550 | 10,966,200 | +2,594,650 |
| GE VERNOVA INC | 46,750 | 47,850 | +1,100 | 28,746,575 | 31,273,325 | +2,526,750 |
| SNOWFLAKE INC | 13,000 | 23,000 | +10,000 | 2,932,150 | 5,045,280 | +2,113,130 |
| QUANTA SVCS INC | 35,000 | 39,000 | +4,000 | 14,504,700 | 16,460,340 | +1,955,640 |
| CENOVUS ENERGY INC | 344,000 | 460,000 | +116,000 | 5,844,560 | 7,783,200 | +1,938,640 |
| CONSTELLATION ENERGY CORP | 119,700 | 116,700 | -3,000 | 39,389,679 | 41,226,609 | +1,836,930 |
| NRG ENERGY INC | 152,000 | 162,000 | +10,000 | 24,616,400 | 25,796,880 | +1,180,480 |
| WEC ENERGY GROUP INC | 26,000 | 35,000 | +9,000 | 2,979,340 | 3,691,100 | +711,760 |
| CROWDSTRIKE HLDGS INC | 23,000 | 25,000 | +2,000 | 11,278,740 | 11,719,000 | +440,260 |
| PLAINS ALL AMERN PIPELINE L | 145,300 | 155,300 | +10,000 | 2,478,818 | 2,789,188 | +310,370 |
| CLEANSPARK INC | 0 | 20,000 | +20,000 | 0 | 202,400 | +202,400 |
| VIPER ENERGY INC | 279,000 | 279,000 | 0 | 10,663,380 | 10,777,770 | +114,390 |
| AMERICAN ELEC PWR CO INC | 25,000 | 25,000 | 0 | 2,812,500 | 2,882,750 | +70,250 |
| ENTERGY CORP NEW | 63,000 | 63,000 | 0 | 5,870,970 | 5,823,090 | -47,880 |
| NGL ENERGY PARTNERS LP | 275,000 | 150,000 | -125,000 | 1,650,000 | 1,500,000 | -150,000 |
| PUBLIC SVC ENTERPRISE GRP IN | 49,000 | 49,000 | 0 | 4,089,540 | 3,934,700 | -154,840 |
| NEW FORTRESS ENERGY INC | 150,000 | 100,000 | -50,000 | 331,500 | 114,000 | -217,500 |
| CYBERARK SOFTWARE LTD | 7,000 | 7,000 | 0 | 3,382,050 | 3,122,420 | -259,630 |
| SOUTHERN CO | 45,000 | 45,000 | 0 | 4,264,650 | 3,924,000 | -340,650 |
| CLOUDFLARE INC | 30,000 | 30,000 | 0 | 6,437,700 | 5,914,500 | -523,200 |
| DIGITAL RLTY TR INC | 34,000 | 34,000 | 0 | 5,877,920 | 5,260,140 | -617,780 |
| EQT CORP | 353,258 | 344,258 | -9,000 | 19,227,833 | 18,452,229 | -775,604 |
| PALO ALTO NETWORKS INC | 47,000 | 47,000 | 0 | 9,570,140 | 8,657,400 | -912,740 |
| TALEN ENERGY CORP | 105,900 | 117,200 | +11,300 | 45,047,742 | 43,931,248 | -1,116,494 |
| ALLIANCE RESOURCE PARTNERS L | 241,000 | 191,000 | -50,000 | 6,093,685 | 4,436,930 | -1,656,755 |
| TXO PARTNERS LP | 581,000 | 581,000 | 0 | 8,163,050 | 6,199,270 | -1,963,780 |
| SOUTH BOW CORP | 1,530,500 | 1,490,500 | -40,000 | 43,297,845 | 40,944,035 | -2,353,810 |
| TC ENERGY CORP | 1,365,500 | 1,295,500 | -70,000 | 74,296,855 | 71,265,455 | -3,031,400 |
| MARATHON PETE CORP | 85,500 | 82,500 | -3,000 | 16,479,270 | 13,416,975 | -3,062,295 |
| PHILLIPS 66 | 209,700 | 190,900 | -18,800 | 28,523,394 | 24,633,736 | -3,889,658 |
| MOTOROLA SOLUTIONS INC | 9,000 | 0 | -9,000 | 4,115,610 | 0 | -4,115,610 |
| NUTANIX INC | 60,000 | 0 | -60,000 | 4,463,400 | 0 | -4,463,400 |
| ENTERPRISE PRODS PARTNERS L | 1,992,500 | 1,792,500 | -200,000 | 62,305,475 | 57,467,550 | -4,837,925 |
| EQUINIX INC | 7,000 | 0 | -7,000 | 5,482,680 | 0 | -5,482,680 |
| BLOOM ENERGY CORP | 187,000 | 115,000 | -72,000 | 15,814,590 | 9,992,350 | -5,822,240 |
| T-MOBILE US INC | 27,000 | 0 | -27,000 | 6,463,260 | 0 | -6,463,260 |
| ITRON INC | 54,000 | 0 | -54,000 | 6,726,240 | 0 | -6,726,240 |
| STRATEGY INC | 25,000 | 0 | -25,000 | 8,055,250 | 0 | -8,055,250 |
| GENESIS ENERGY L P | 685,700 | 185,700 | -500,000 | 11,458,047 | 2,896,920 | -8,561,127 |
| ENERGY TRANSFER L P | 8,211,600 | 7,991,600 | -220,000 | 140,911,056 | 131,781,484 | -9,129,572 |
| EDISON INTL | 190,000 | 0 | -190,000 | 10,503,200 | 0 | -10,503,200 |
| VISTRA CORP | 230,700 | 208,700 | -22,000 | 45,198,744 | 33,669,571 | -11,529,173 |
| ANTERO MIDSTREAM CORP | 906,000 | 316,000 | -590,000 | 17,612,640 | 5,621,640 | -11,991,000 |
| PEMBINA PIPELINE CORP | 1,565,688 | 1,347,100 | -218,588 | 63,347,736 | 51,270,626 | -12,077,110 |
| HESS MIDSTREAM LP | 2,317,200 | 1,357,200 | -960,000 | 80,059,260 | 46,823,400 | -33,235,860 |
| CHENIERE ENERGY INC | 450,800 | 324,800 | -126,000 | 105,928,984 | 63,137,872 | -42,791,112 |