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Livermore
Livermore
ZHEN

Cushing Asset Management, LP

SEC CIK
0001329375
Latest filing
Jul 28, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed Apr 24, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
60
−4 vs. Q4 2024
Portfolio value
$1.62B
+$115.2M (+7.7%) vs. Q4 2024
Filed
Apr 24, 2025
SEC
Holdings of Cushing Asset Management, LP in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
ETEnergy Transfer LPCOM UT LTD PTN7,416,868$137.9M8.5%−169,730−2.2%ReducedHistory
TRGPTarga Resources Corp.COM684,542$137.2M8.5%+11,831+1.8%AddedHistory
LNGCheniere Energy, Inc.COM NEW541,142$125.2M7.7%+36,020+7.1%AddedHistory
OKEONEOK IncCOM1,138,825$113.0M7.0%+291,360+34.4%AddedHistory
MPLXMPLX LPCOM UNIT REP LTD1,822,709$97.6M6.0%+315,747+21.0%AddedHistory
PAGPPlains GP Holdings LPLTD PARTNR INT A4,033,000$86.1M5.3%+80,000+2.0%AddedHistory
KMIKinder Morgan, Inc.Stock2,869,128$81.9M5.0%+242,444+9.2%AddedHistory
WMBWilliams Companies, Inc.COM1,347,047$80.5M5.0%+12,477+0.9%AddedHistory
HESMHess Midstream LPCL A SHS1,825,485$77.2M4.8%+530,626+41.0%AddedHistory
TRPTC Energy CorpCOM1,559,786$73.6M4.5%+143,462+10.1%AddedHistory
DTMDT Midstream, Inc.COMMON STOCK750,623$72.4M4.5%−33,939−4.3%ReducedHistory
PBAPembina Pipeline CorpCOM1,785,369$71.5M4.4%+110,042+6.6%AddedHistory
EPDEnterprise Products Partners L.P.Stock1,925,848$65.7M4.1%−235,477−10.9%ReducedHistory
WESWestern Midstream Partners, LPCOM UNIT LP INT1,333,624$54.6M3.4%+53,027+4.1%AddedHistory
EQTEQT CorpStock665,742$35.6M2.2%+36,687+5.8%AddedHistory
KNTKKinetik Holdings Inc.COM NEW CL A590,000$30.6M1.9%+150,000+34.1%AddedHistory
VSTVistra Corp.Stock240,000$28.2M1.7%+52,400+27.9%AddedHistory
PSXPhillips 66Stock183,186$22.6M1.4%+14,880+8.8%AddedHistory
TLNTalen Energy CorpCOM88,700$17.7M1.1%−20,500−18.8%ReducedHistory
CWENClearway Energy, Inc.CL C522,000$15.8M1.0%+24,000+4.8%AddedHistory
CEGConstellation Energy CorpStock72,500$14.6M0.9%−22,000−23.3%ReducedHistory
AMAntero Midstream CorpStock774,000$13.9M0.9%−120,000−13.4%ReducedHistory
ENBEnbridge IncStock301,500$13.4M0.8%−5,175−1.7%ReducedHistory
MPCMarathon Petroleum CorpStock86,528$12.6M0.8%+14,866+20.7%AddedHistory
VNOMViper Energy, Inc.COM254,000$11.5M0.7%−44,802−15.0%ReducedHistory
NRGNRG Energy, Inc.Stock79,000$7.54M0.5%00.0%UnchangedHistory
GEVGE Vernova Inc.Stock24,000$7.33M0.5%+19,000+380.0%AddedHistory
PWRQuanta Services, Inc.COM27,000$6.86M0.4%−3,700−12.1%ReducedHistory
ARLPAlliance Resource Partners LPStock250,000$6.82M0.4%+70,000+38.9%AddedHistory
GELGenesis Energy LPUNIT LTD PARTN427,837$6.71M0.4%+37,824+9.7%AddedHistory
SRESempraStock82,000$5.85M0.4%+82,000NewHistory
MSFTMicrosoft CorpStock15,000$5.63M0.3%+5,000+50.0%AddedHistory
NEENextera Energy IncStock77,000$5.46M0.3%+41,000+113.9%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock15,000$5.29M0.3%+1,000+7.1%AddedHistory
SOBOSouth Bow CorpCOM203,371$5.19M0.3%−84,582−29.4%ReducedHistory
CVECenovus Energy Inc.COM344,000$4.79M0.3%00.0%UnchangedHistory
PANWPalo Alto Networks IncStock26,000$4.44M0.3%00.0%UnchangedHistory
ITRIItron, Inc.COM40,000$4.19M0.3%00.0%UnchangedHistory
FSLRFirst Solar, Inc.Stock31,000$3.92M0.2%−4,000−11.4%ReducedHistory
TMUST-Mobile US, Inc.Stock14,000$3.73M0.2%00.0%UnchangedHistory
PAAPlains All American Pipeline LPUNIT LTD PARTN184,105$3.68M0.2%−34,669−15.8%ReducedHistory
CORZCore Scientific, Inc.COM500,000$3.62M0.2%+280,000+127.3%AddedHistory
CLSKCleanspark, Inc.COM NEW500,500$3.36M0.2%+200,500+66.8%AddedHistory
SOSouthern CoStock33,000$3.03M0.2%00.0%UnchangedHistory
PRIMPrimoris Services CorpStock49,000$2.81M0.2%00.0%UnchangedHistory
RSGRepublic Services, Inc.COM11,000$2.66M0.2%00.0%UnchangedHistory
NXTNextpower Inc.Stock60,000$2.53M0.2%+60,000NewHistory
TXOTXO Partners, L.P.COM UNIT130,000$2.49M0.2%−131,630−50.3%ReducedHistory
EQIXEquinix IncCOM3,000$2.45M0.2%00.0%UnchangedHistory
NTNXNutanix, Inc.Stock35,000$2.44M0.2%00.0%UnchangedHistory
PEGPublic Service Enterprise Group IncCOM29,000$2.39M0.1%00.0%UnchangedHistory
MSIMotorola Solutions, Inc.Stock5,000$2.19M0.1%00.0%UnchangedHistory
ETREntergy CorpCOM25,000$2.14M0.1%00.0%UnchangedHistory
MTZMastec IncCOM18,000$2.10M0.1%00.0%UnchangedHistory
DLRDigital Realty Trust, Inc.COM14,000$2.01M0.1%00.0%UnchangedHistory
AEPAmerican Electric Power Co IncStock17,000$1.86M0.1%00.0%UnchangedHistory
Cyberark Software LtdM2682V108SHS5,000$1.69M0.1%+5,000New–
SSentinelOne, Inc.CL A90,000$1.64M0.1%−140,000−60.9%ReducedHistory
NGLNGL Energy Partners LPCOM UNIT REPST200,000$908.0K0.1%00.0%UnchangedHistory
VTLEVital Energy, Inc.COM15,000$318.3K<0.1%−30,000−66.7%ReducedHistory

Options (1)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Cushing Asset Management, LP in Q1 2025
SecurityClassPutsCalls
Alps ETF Tr00162Q452ALERIAN MLP$2.60M–

Sold out since Q4 2024 (7)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Cushing Asset Management, LP sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
ENLCEnLink Midstream, LLCCOM UNIT REP LTD2,002,284$28.3M1.9%History
XIFRXPLR Infrastructure, LPCOM UNIT PART IN1,205,000$21.4M1.4%History
VZVerizon Communications IncStock105,000$4.20M0.3%History
NFENew Fortress Energy Inc.COM CL A150,000$2.27M0.2%History
DKLDelek Logistics Partners, LPCOM UNT RP INT40,000$1.69M0.1%History
HASIHA Sustainable Infrastructure Capital, Inc.COM61,000$1.64M0.1%History
CRGYCrescent Energy CoCL A COM41,395$604.8K<0.1%History