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Livermore
Livermore
ZHEN

Cushing Asset Management, LP

SEC CIK
0001329375
Latest filing
Jul 28, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Jul 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
60
0 vs. Q1 2025
Portfolio value
$1.65B
+$24.7M (+1.5%) vs. Q1 2025
Filed
Jul 14, 2025
SEC
Holdings of Cushing Asset Management, LP in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
ETEnergy Transfer LPCOM UT LTD PTN7,182,600$130.2M7.9%−234,268−3.2%ReducedHistory
TRGPTarga Resources Corp.COM666,300$116.0M7.0%−18,242−2.7%ReducedHistory
LNGCheniere Energy, Inc.COM NEW459,900$112.0M6.8%−81,242−15.0%ReducedHistory
OKEONEOK IncCOM1,324,916$108.2M6.6%+186,091+16.3%AddedHistory
HESMHess Midstream LPCL A SHS2,297,200$88.5M5.4%+471,715+25.8%AddedHistory
MPLXMPLX LPCOM UNIT REP LTD1,715,800$88.4M5.4%−106,909−5.9%ReducedHistory
DTMDT Midstream, Inc.COMMON STOCK748,300$82.2M5.0%−2,323−0.3%ReducedHistory
WMBWilliams Companies, Inc.COM1,191,100$74.8M4.5%−155,947−11.6%ReducedHistory
KMIKinder Morgan, Inc.Stock2,514,400$73.9M4.5%−354,728−12.4%ReducedHistory
PAGPPlains GP Holdings LPLTD PARTNR INT A3,543,000$68.8M4.2%−490,000−12.1%ReducedHistory
PBAPembina Pipeline CorpCOM1,687,100$63.3M3.8%−98,269−5.5%ReducedHistory
TRPTC Energy CorpCOM1,250,500$61.0M3.7%−309,286−19.8%ReducedHistory
EPDEnterprise Products Partners L.P.Stock1,957,500$60.7M3.7%+31,652+1.6%AddedHistory
WESWestern Midstream Partners, LPCOM UNIT LP INT1,203,900$46.6M2.8%−129,724−9.7%ReducedHistory
SOBOSouth Bow CorpCOM1,526,100$39.5M2.4%+1,322,729+650.4%AddedHistory
VSTVistra Corp.Stock204,000$39.5M2.4%−36,000−15.0%ReducedHistory
CEGConstellation Energy CorpStock110,000$35.5M2.2%+37,500+51.7%AddedHistory
KNTKKinetik Holdings Inc.COM NEW CL A779,000$34.3M2.1%+189,000+32.0%AddedHistory
TLNTalen Energy CorpCOM106,000$30.8M1.9%+17,300+19.5%AddedHistory
PSXPhillips 66Stock199,700$23.8M1.4%+16,514+9.0%AddedHistory
EQTEQT CorpStock353,258$20.6M1.3%−312,484−46.9%ReducedHistory
GEVGE Vernova Inc.Stock32,000$16.9M1.0%+8,000+33.3%AddedHistory
AMAntero Midstream CorpStock774,000$14.7M0.9%00.0%UnchangedHistory
MPCMarathon Petroleum CorpStock85,500$14.2M0.9%−1,028−1.2%ReducedHistory
ENBEnbridge IncStock301,500$13.7M0.8%00.0%UnchangedHistory
CWENClearway Energy, Inc.CL C400,000$12.8M0.8%−122,000−23.4%ReducedHistory
GELGenesis Energy LPUNIT LTD PARTN685,700$11.8M0.7%+257,863+60.3%AddedHistory
NRGNRG Energy, Inc.Stock73,000$11.7M0.7%−6,000−7.6%ReducedHistory
PWRQuanta Services, Inc.COM30,000$11.3M0.7%+3,000+11.1%AddedHistory
Aris Water Solutions, Inc.04041L106CLASS A COM450,000$10.6M0.6%+450,000New–
VNOMViper Energy, Inc.COM254,000$9.69M0.6%00.0%UnchangedHistory
BEBloom Energy CorpCOM CL A400,000$9.57M0.6%+400,000NewHistory
FSLRFirst Solar, Inc.Stock55,000$9.10M0.6%+24,000+77.4%AddedHistory
MSTRStrategy IncStock20,000$8.08M0.5%+20,000NewHistory
TXOTXO Partners, L.P.COM UNIT530,000$7.97M0.5%+400,000+307.7%AddedHistory
ARLPAlliance Resource Partners LPStock241,000$6.30M0.4%−9,000−3.6%ReducedHistory
PANWPalo Alto Networks IncStock30,000$6.14M0.4%+4,000+15.4%AddedHistory
PRIMPrimoris Services CorpStock69,000$5.38M0.3%+20,000+40.8%AddedHistory
NEENextera Energy IncStock77,000$5.35M0.3%00.0%UnchangedHistory
ITRIItron, Inc.COM40,000$5.27M0.3%00.0%UnchangedHistory
MTZMastec IncCOM30,000$5.11M0.3%+12,000+66.7%AddedHistory
NXTNextpower Inc.Stock87,000$4.73M0.3%+27,000+45.0%AddedHistory
CVECenovus Energy Inc.COM344,000$4.68M0.3%00.0%UnchangedHistory
TMUST-Mobile US, Inc.Stock19,000$4.53M0.3%+5,000+35.7%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock7,000$3.57M0.2%−8,000−53.3%ReducedHistory
EQIXEquinix IncCOM4,000$3.18M0.2%+1,000+33.3%AddedHistory
SOSouthern CoStock33,000$3.03M0.2%00.0%UnchangedHistory
DLRDigital Realty Trust, Inc.COM17,000$2.96M0.2%+3,000+21.4%AddedHistory
NETCloudflare, Inc.CL A COM15,000$2.94M0.2%+15,000NewHistory
RSGRepublic Services, Inc.COM11,000$2.71M0.2%00.0%UnchangedHistory
NTNXNutanix, Inc.Stock35,000$2.68M0.2%00.0%UnchangedHistory
PAAPlains All American Pipeline LPUNIT LTD PARTN145,300$2.66M0.2%−38,805−21.1%ReducedHistory
PEGPublic Service Enterprise Group IncCOM29,000$2.44M0.1%00.0%UnchangedHistory
MSIMotorola Solutions, Inc.Stock5,000$2.10M0.1%00.0%UnchangedHistory
ETREntergy CorpCOM25,000$2.08M0.1%00.0%UnchangedHistory
Cyberark Software LtdM2682V108SHS5,000$2.03M0.1%00.0%Unchanged–
AEPAmerican Electric Power Co IncStock17,000$1.76M0.1%00.0%UnchangedHistory
AGXArgan IncStock8,000$1.76M0.1%+8,000NewHistory
NGLNGL Energy Partners LPCOM UNIT REPST275,000$1.17M0.1%+75,000+37.5%AddedHistory
VTLEVital Energy, Inc.COM15,000$241.3K<0.1%00.0%UnchangedHistory

Options (4)

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 Q2 2025
SecurityClassPutsCalls
TLNTalen Energy CorpCOM$14.5M$17.4M
CEGConstellation Energy CorpStock$12.9M$16.1M
VSTVistra Corp.Stock$6.78M$8.72M
NRGNRG Energy, Inc.Stock$1.61M$2.41M

Sold out since Q1 2025 (5)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Cushing Asset Management, LP sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
SRESempraStock82,000$5.85M0.4%History
MSFTMicrosoft CorpStock15,000$5.63M0.3%History
CORZCore Scientific, Inc.COM500,000$3.62M0.2%History
CLSKCleanspark, Inc.COM NEW500,500$3.36M0.2%History
SSentinelOne, Inc.CL A90,000$1.64M0.1%History