CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT Q2 2025 Filing

Filed July 14, 2025

Portfolio Value

$1.7B

Holdings

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (60 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	ETENERGY TRANSFER L P	7,182,600	$130.2M	7.54%
2	TRGPTARGA RES CORP	666,300	$116.0M	6.72%
3	LNGCHENIERE ENERGY INC	459,900	$112.0M	6.49%
4	OKEONEOK INC NEW	1,324,916	$108.2M	6.26%
5	HESMHESS MIDSTREAM LP	2,297,200	$88.5M	5.12%
6	MPLXMPLX LP	1,715,800	$88.4M	5.12%
7	DTMDT MIDSTREAM INC	748,300	$82.2M	4.76%
8	WMBWILLIAMS COS INC	1,191,100	$74.8M	4.33%
9	KMIKINDER MORGAN INC DEL	2,514,400	$73.9M	4.28%
10	PAGPPLAINS GP HLDGS L P	3,543,000	$68.8M	3.99%
11	CEGCONSTELLATION ENERGY CORP	200,000	$64.6M	3.74%	Put
12	PPLPEMBINA PIPELINE CORP	1,687,100	$63.3M	3.67%
13	TLNTALEN ENERGY CORP	216,000	$62.8M	3.64%	Put
14	TRPTC ENERGY CORP	1,250,500	$61.0M	3.53%
15	EPDENTERPRISE PRODS PARTNERS L	1,957,500	$60.7M	3.52%
16	VSTVISTRA CORP	284,000	$55.0M	3.19%	Put
17	WESWESTERN MIDSTREAM PARTNERS L	1,203,900	$46.6M	2.70%
18	SOBOSOUTH BOW CORP	1,526,100	$39.5M	2.29%
19	KNTKKINETIK HOLDINGS INC	779,000	$34.3M	1.99%
20	PSXPHILLIPS 66	199,700	$23.8M	1.38%
21	EQTEQT CORP	353,258	$20.6M	1.19%
22	GEVGE VERNOVA INC	32,000	$16.9M	0.98%
23	NRANRG ENERGY INC	98,000	$15.7M	0.91%	Put
24	AMANTERO MIDSTREAM CORP	774,000	$14.7M	0.85%
25	MPCMARATHON PETE CORP	85,500	$14.2M	0.82%
26	ENBENBRIDGE INC	301,500	$13.7M	0.79%
27	CWENCLEARWAY ENERGY INC	400,000	$12.8M	0.74%
28	GELGENESIS ENERGY L P	685,700	$11.8M	0.68%
29	PWRQUANTA SVCS INC	30,000	$11.3M	0.66%
30	ARISUSDARIS WATER SOLUTIONS INC	450,000	$10.6M	0.62%
31	VNOMUSDVIPER ENERGY INC	254,000	$9.7M	0.56%
32	BEBLOOM ENERGY CORP	400,000	$9.6M	0.55%
33	FSLRFIRST SOLAR INC	55,000	$9.1M	0.53%
34	MIGAMICROSTRATEGY INC	20,000	$8.1M	0.47%
35	TXOTXO PARTNERS LP	530,000	$8.0M	0.46%
36	ARLPALLIANCE RESOURCE PARTNERS L	241,000	$6.3M	0.36%
37	PANWPALO ALTO NETWORKS INC	30,000	$6.1M	0.36%
38	PRIMPRIMORIS SVCS CORP	69,000	$5.4M	0.31%
39	NEENEXTERA ENERGY INC	77,000	$5.3M	0.31%
40	ITRIITRON INC	40,000	$5.3M	0.30%
41	MTZMASTEC INC	30,000	$5.1M	0.30%
42	NXTNEXTRACKER INC	87,000	$4.7M	0.27%
43	CVECENOVUS ENERGY INC	344,000	$4.7M	0.27%
44	TMUST-MOBILE US INC	19,000	$4.5M	0.26%
45	CRWDCROWDSTRIKE HLDGS INC	7,000	$3.6M	0.21%
46	EQIXEQUINIX INC	4,000	$3.2M	0.18%
47	SOSOUTHERN CO	33,000	$3.0M	0.18%
48	FQIDIGITAL RLTY TR INC	17,000	$3.0M	0.17%
49	NETCLOUDFLARE INC	15,000	$2.9M	0.17%
50	RSGREPUBLIC SVCS INC	11,000	$2.7M	0.16%
51	NTNXNUTANIX INC	35,000	$2.7M	0.15%
52	PAAPLAINS ALL AMERN PIPELINE L	145,300	$2.7M	0.15%
53	PEGPUBLIC SVC ENTERPRISE GRP IN	29,000	$2.4M	0.14%
54	MSIMOTOROLA SOLUTIONS INC	5,000	$2.1M	0.12%
55	ETRENTERGY CORP NEW	25,000	$2.1M	0.12%
56	CYBRCYBERARK SOFTWARE LTD	5,000	$2.0M	0.12%
57	AEPAMERICAN ELEC PWR CO INC	17,000	$1.8M	0.10%
58	AGXARGAN INC	8,000	$1.8M	0.10%
59	NGLNGL ENERGY PARTNERS LP	275,000	$1.2M	0.07%
60	8LP1VITAL ENERGY INC	15,000	$241K	0.01%