Latest CUSHING ASSET MANAGEMENT, LP Stock Portfolio
CUSHING ASSET MANAGEMENT, LP Performance:
2024 Q3: 4.59%YTD: 21.35%2023: 7.21%
Performance for 2024 Q3 is 4.59%, and YTD is 21.35%, and 2023 is 7.21%.
About CUSHING ASSET MANAGEMENT, LP and 13F Hedge Fund Stock Holdings
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT is a hedge fund based in DALLAS, TX. On 23-Jun-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.1 Billions. In it's latest 13F Holdings report, CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported an equity portfolio of $1.4 Billions as of 30 Sep, 2024.
The top stock holdings of CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT are ET, TRGP, LNG. The fund has invested 8.6% of it's portfolio in ENERGY TRANSFER L P and 8.5% of portfolio in TARGA RES CORP.
The fund managers got completely rid off EQUITRANS MIDSTREAM CORP (ETRN), NEXTERA ENERGY PARTNERS LP (NEP) and ALGONQUIN PWR UTILS CORP stocks. They significantly reduced their stock positions in CROWDSTRIKE HLDGS INC (CRWD), NEXTRACKER INC and COMSTOCK RES INC (CRK). CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT opened new stock positions in EQT CORP (EQT), TALEN ENERGY CORP and NEXTERA ENERGY INC (NEE). The fund showed a lot of confidence in some stocks as they added substantially to PLAINS ALL AMERN PIPELINE L (PAA), CONSTELLATION ENERGY CORP (CEG) and QUANTA SVCS INC (PWR).
The top stock holdings of CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT are ET, TRGP, LNG. The fund has invested 8.6% of it's portfolio in ENERGY TRANSFER L P and 8.5% of portfolio in TARGA RES CORP.
The fund managers got completely rid off EQUITRANS MIDSTREAM CORP (ETRN), NEXTERA ENERGY PARTNERS LP (NEP) and ALGONQUIN PWR UTILS CORP stocks. They significantly reduced their stock positions in CROWDSTRIKE HLDGS INC (CRWD), NEXTRACKER INC and COMSTOCK RES INC (CRK). CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT opened new stock positions in EQT CORP (EQT), TALEN ENERGY CORP and NEXTERA ENERGY INC (NEE). The fund showed a lot of confidence in some stocks as they added substantially to PLAINS ALL AMERN PIPELINE L (PAA), CONSTELLATION ENERGY CORP (CEG) and QUANTA SVCS INC (PWR).
CUSHING ASSET MANAGEMENT, LP Annual Return Estimates Vs S&P 500
Our best estimate is that CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT made a return of 4.59% in the last quarter. In trailing 12 months, it's portfolio return was 24.72%.
New Buys
| Ticker | $ Bought |
|---|---|
| eqt corp | 19,384,200 |
| talen energy corp | 7,967,330 |
| atlantica sustainable infr p | 5,385,100 |
| nextera energy inc | 4,311,030 |
| southern co | 4,058,100 |
| duke energy corp new | 3,804,900 |
| core scientific inc new | 3,320,800 |
| american elec pwr co inc | 2,667,600 |
New stocks bought by CUSHING ASSET MANAGEMENT, LP
Additions
| Ticker | % Inc. |
|---|---|
| plains all amern pipeline l | 241 |
| constellation energy corp | 136 |
| quanta svcs inc | 97.86 |
| verizon communications inc | 77.42 |
| microsoft corp | 66.67 |
| primoris svcs corp | 62.5 |
| vistra corp | 50.42 |
| cleanspark inc | 50.00 |
Additions to existing portfolio by CUSHING ASSET MANAGEMENT, LP
Reductions
| Ticker | % Reduced |
|---|---|
| crowdstrike hldgs inc | -50.00 |
| nextracker inc | -50.00 |
| comstock res inc | -46.24 |
| enbridge inc | -45.5 |
| phillips 66 | -27.97 |
| marathon pete corp | -26.21 |
| williams cos inc | -20.78 |
| first solar inc | -13.25 |
CUSHING ASSET MANAGEMENT, LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| equitrans midstream corp | -52,960,300 |
| algonquin pwr utils corp | -4,852,080 |
| nextera energy partners lp | -7,052,760 |
| excelerate energy inc | -2,028,400 |
| sitio royalties corp | -1,936,020 |
| delek logistics partners lp | -2,074,600 |
| range res corp | -603,540 |
| antero resources corp | -528,606 |
CUSHING ASSET MANAGEMENT, LP got rid off the above stocks
Sector Distribution
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 80% of it's holdings in Energy sector.
| Sector | % |
|---|---|
| Energy | 80 |
| Others | 10.6 |
| Utilities | 5.5 |
| Technology | 1.7 |
| Industrials | 1.1 |
Market Cap. Distribution
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has about 64.2% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 64.2 |
| MID-CAP | 23.6 |
| UNALLOCATED | 10.6 |
| SMALL-CAP | 1.3 |
Stocks belong to which Index?
About 34.7% of the stocks held by CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 65.4 |
| S&P 500 | 32.5 |
| RUSSELL 2000 | 2.2 |
CUSHING ASSET MANAGEMENT, LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of CUSHING ASSET MANAGEMENT, LP
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT has 62 stocks in it's portfolio. About 58.9% of the portfolio is in top 10 stocks. PSX proved to be the most loss making stock for the portfolio. TRGP was the most profitable stock for CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT last quarter.
Last Reported on: 21 Oct, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AEP | american elec pwr co inc | 0.20 | 26,000 | 2,667,600 | new | |||
| AM | antero midstream corp | 1.14 | 1,026,000 | 15,441,300 | reduced | -6.47 | ||
| AR | antero resources corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ARLP | alliance resource partners l | 0.28 | 150,000 | 3,750,000 | unchanged | 0.00 | ||
| CEG | constellation energy corp | 1.04 | 54,500 | 14,171,100 | added | 136 | ||
| CLSK | cleanspark inc | 0.21 | 300,000 | 2,802,000 | added | 50.00 | ||
| CRGY | crescent energy company | 0.03 | 41,395 | 453,275 | unchanged | 0.00 | ||
| CRK | comstock res inc | 0.02 | 25,000 | 278,250 | reduced | -46.24 | ||
| CRWD | crowdstrike hldgs inc | 0.12 | 6,000 | 1,682,820 | reduced | -50.00 | ||
| CWEN | clearway energy inc | 1.07 | 476,000 | 14,603,700 | reduced | -3.05 | ||
| DKL | delek logistics partners lp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DLR | digital rlty tr inc | 0.11 | 9,000 | 1,456,470 | new | |||
| DTM | dt midstream inc | 4.79 | 827,530 | 65,093,500 | reduced | -5.7 | ||
| DUK | duke energy corp new | 0.28 | 33,000 | 3,804,900 | new | |||
| EE | excelerate energy inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ENB | enbridge inc | 0.92 | 306,665 | 12,453,700 | reduced | -45.5 | ||
| ENLC | enlink midstream llc | 3.55 | 3,324,320 | 48,235,900 | added | 32.36 | ||
| EPD | enterprise prods partners l | 4.38 | 2,045,600 | 59,547,400 | added | 16.41 | ||
| EQIX | equinix inc | 0.13 | 2,000 | 1,775,260 | new | |||
| EQT | eqt corp | 1.43 | 529,045 | 19,384,200 | new | |||