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CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT

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DALLAS TX Investment Advisor Hedge Fund
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
WhaleScore ?

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Equal-WT
WhaleScore 1.0 ?

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 $1,108,408,094 (Form ADV from 2024-04-26). Their last reported 13F filing for Q1 2024 included $1,180,708,296 in managed 13F securities and a top 10 holdings concentration of 59.02%. Cushing Asset Management, LP DBA NXG Investment Management's largest holding is Energy Transfer Equity LP with shares held of 6,462,463. Whalewisdom has at least 76 13F filings, 1 13D filings, and 2 13G filings

2024-03-31

Top Buys (13F)

Name % Change
AR Antero Resources Cor 1.49%
PSX Phillips 66 1.47%
KNTK Kinetik Holdings Inc 0.8%
PXD Pioneer Natural Reso 0.6%
MPLX MPLX L.P. 0.57%

2024-03-31

Top Sells (13F)

2024-03-31

13F Holdings Summary

2024-03-31

13F Activity

Market Value $1.18b, Prior: $1.09b
Inflows (Outflows) as % of Total MV (-3.5211)%
New Purchases 12 stocks
Added To 12 stocks
Sold out of 13 stocks
Reduced holdings in 21 stocks
Top 10 Holdings % 59.02%
Turnover %[1] 36.23%
Turnover Alt %[2] 8.47%
Time Held Top 20 20.85 quarters
Time Held Top 10 6.9 quarters
Time Held All 16.91 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.

2024-03-31

13F Sector Allocation Over Time

2024-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-03-31

Portfolio Performance