Equal-WT
WhaleScore 2.0
?
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT
0
followers
·
Follow
DALLAS TX
Investment Advisor
Hedge Fund
Cushing Asset Management, LP DBA NXG Investment Management is based out of Dallas. Cushing Asset Management, LP DBA NXG Investment Management is a hedge fund with 21 clients and discretionary assets under management (AUM) of $1,475,316,409 (Form ADV from 2025-03-28). Their last reported 13F filing for Q1 2025 included $1,623,652,706 in managed 13F securities
and a top 10 holdings concentration of 62.22%. Cushing Asset Management, LP DBA NXG Investment Management's largest holding is Energy Transfer LP with shares held of 7,416,868. Whalewisdom has at least 80 13F filings, 1 13D filings, and 2 13G filings
Business Description
Investment management services include: (1) establishing each Client’s investment objectives; (2) buying or selling portfolio securities on behalf of each Client and, from time to time, rebalancing securities in Client portfolios; (3) voting proxies on behalf of Clients who have delegated such authority; and (4) periodically reporting to each Client current investment valuations, capital gains or losses, investment income, and performance.
NXG primarily invests Client Accounts in Midstream Energy Companies and NextGen Infrastructure Companies. More information can be found in Item 8.
Investment Strategy
NXG offers two investment strategies for Managed Accounts: the Midstream Strategy and the NextGen Infrastructure Strategy. The Midstream Strategy focuses on investing in a portfolio of primarily midstream companies, with the goal of producing a high after-tax total return through a combination of growth and current income.
The NextGen Infrastructure Strategy involves investing in a portfolio of infrastructure companies, including next-generation infrastructure companies, with a focus on achieving total return. NXG's investment approach relies on identifying absolute and relative value investments that present the best opportunities, based on their investment management and industry expertise.
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| HESM Hess Midstream LP | 1.59% |
| OKE Oneok Inc. | 1.35% |
| MPLX MPLX L.P | 1.25% |
| LNG Cheniere Energy Inc | 0.55% |
| TRGP Targa Resources Corp | 0.53% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| ENLC EnLink Midstream LLC | 1.87% |
| XIFR XPLR Infrastructure | 1.41% |
| ET Energy Transfer LP | 1.31% |
| DTM DT Midstream Inc | 0.68% |
| CEG Constellation Energy | 0.49% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| ET Energy Transfer LP | 8.49% |
| TRGP Targa Resources Corp | 8.45% |
| LNG Cheniere Energy Inc | 7.71% |
| OKE Oneok Inc. | 6.96% |
| MPLX MPLX L.P | 6.01% |
2025-03-31
13F Activity
| Market Value | $1.62b, Prior: $1.52b |
| Inflows (Outflows) as % of Total MV | +2.3964% |
| New Purchases | 4 stocks |
| Added To | 25 stocks |
| Sold out of | 11 stocks |
| Reduced holdings in | 15 stocks |
| Top 10 Holdings % | 62.22% |
| Turnover %[1] | 20.83% |
| Turnover Alt %[2] | 6.69% |
| Time Held Top 20 | 22.2 quarters |
| Time Held Top 10 | 8.8 quarters |
| Time Held All | 15.61 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31