Cushing Asset Management, LP
- SEC CIK
- 0001329375
- Latest filing
- Jul 28, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Jan 27, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 60
- +1 vs. Q3 2025
- Portfolio value
- $1.74B
- −$17.9M (−1.0%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| ETEnergy Transfer LP | COM UT LTD PTN | 7,991,600 | $131.8M | 7.6% | −220,000−2.7% | Reduced | History |
| TRGPTarga Resources Corp. | COM | 681,300 | $125.7M | 7.2% | −1,000−0.1% | Reduced | History |
| MPLXMPLX LP | COM UNIT REP LTD | 1,883,800 | $100.5M | 5.8% | +150,000+8.7% | Added | History |
| WMBWilliams Companies, Inc. | COM | 1,595,100 | $95.9M | 5.5% | +395,000+32.9% | Added | History |
| OKEONEOK Inc | COM | 1,297,916 | $95.4M | 5.5% | +181,000+16.2% | Added | History |
| DTMDT Midstream, Inc. | COMMON STOCK | 749,300 | $89.7M | 5.1% | +70,000+10.3% | Added | History |
| KMIKinder Morgan, Inc. | Stock | 2,865,000 | $78.8M | 4.5% | +235,000+8.9% | Added | History |
| PAGPPlains GP Holdings LP | LTD PARTNR INT A | 3,725,000 | $71.3M | 4.1% | +140,000+3.9% | Added | History |
| TRPTC Energy Corp | COM | 1,295,500 | $71.3M | 4.1% | −70,000−5.1% | Reduced | History |
| KNTKKinetik Holdings Inc. | COM NEW CL A | 1,843,400 | $66.5M | 3.8% | +855,000+86.5% | Added | History |
| LNGCheniere Energy, Inc. | COM NEW | 324,800 | $63.1M | 3.6% | −126,000−28.0% | Reduced | History |
| WESWestern Midstream Partners, LP | COM UNIT LP INT | 1,540,900 | $60.9M | 3.5% | +270,000+21.2% | Added | History |
| EPDEnterprise Products Partners L.P. | Stock | 1,792,500 | $57.5M | 3.3% | −200,000−10.0% | Reduced | History |
| PBAPembina Pipeline Corp | COM | 1,347,100 | $51.3M | 2.9% | −218,588−14.0% | Reduced | History |
| HESMHess Midstream LP | CL A SHS | 1,357,200 | $46.8M | 2.7% | −960,000−41.4% | Reduced | History |
| TLNTalen Energy Corp | COM | 117,200 | $43.9M | 2.5% | +11,300+10.7% | Added | History |
| CEGConstellation Energy Corp | Stock | 116,700 | $41.2M | 2.4% | −3,000−2.5% | Reduced | History |
| SOBOSouth Bow Corp | COM | 1,490,500 | $40.9M | 2.3% | −40,000−2.6% | Reduced | History |
| VSTVistra Corp. | Stock | 208,700 | $33.7M | 1.9% | −22,000−9.5% | Reduced | History |
| GEVGE Vernova Inc. | Stock | 47,850 | $31.3M | 1.8% | +1,100+2.4% | Added | History |
| ENBEnbridge Inc | Stock | 601,500 | $28.8M | 1.6% | +100,000+19.9% | Added | History |
| NRGNRG Energy, Inc. | Stock | 162,000 | $25.8M | 1.5% | +10,000+6.6% | Added | History |
| PSXPhillips 66 | Stock | 190,900 | $24.6M | 1.4% | −18,800−9.0% | Reduced | History |
| EQTEQT Corp | Stock | 344,258 | $18.5M | 1.1% | −9,000−2.5% | Reduced | History |
| FSLRFirst Solar, Inc. | Stock | 68,000 | $17.8M | 1.0% | +6,000+9.7% | Added | History |
| PWRQuanta Services, Inc. | COM | 39,000 | $16.5M | 0.9% | +4,000+11.4% | Added | History |
| PRIMPrimoris Services Corp | Stock | 127,000 | $15.8M | 0.9% | +41,000+47.7% | Added | History |
| MTZMastec Inc | COM | 70,500 | $15.3M | 0.9% | +23,500+50.0% | Added | History |
| NXTNextpower Inc. | Stock | 163,000 | $14.2M | 0.8% | +56,000+52.3% | Added | History |
| MPCMarathon Petroleum Corp | Stock | 82,500 | $13.4M | 0.8% | −3,000−3.5% | Reduced | History |
| CRWDCrowdStrike Holdings, Inc. | Stock | 25,000 | $11.7M | 0.7% | +2,000+8.7% | Added | History |
| AGXArgan Inc | Stock | 35,000 | $11.0M | 0.6% | +4,000+12.9% | Added | History |
| VNOMViper Energy, Inc. | CL A | 279,000 | $10.8M | 0.6% | 00.0% | Unchanged | History |
| BEBloom Energy Corp | COM CL A | 115,000 | $9.99M | 0.6% | −72,000−38.5% | Reduced | History |
| PANWPalo Alto Networks Inc | Stock | 47,000 | $8.66M | 0.5% | 00.0% | Unchanged | History |
| CVECenovus Energy Inc. | COM | 460,000 | $7.78M | 0.4% | +116,000+33.7% | Added | History |
| TXOTXO Partners, L.P. | COM UNIT | 581,000 | $6.20M | 0.4% | 00.0% | Unchanged | History |
| NETCloudflare, Inc. | CL A COM | 30,000 | $5.91M | 0.3% | 00.0% | Unchanged | History |
| ETREntergy Corp | COM | 63,000 | $5.82M | 0.3% | 00.0% | Unchanged | History |
| IRENIREN Ltd | ORDINARY SHARES | 153,000 | $5.78M | 0.3% | +153,000 | New | History |
| AMAntero Midstream Corp | Stock | 316,000 | $5.62M | 0.3% | −590,000−65.1% | Reduced | History |
| DOCNDigitalOcean Holdings, Inc. | COM | 116,000 | $5.58M | 0.3% | +116,000 | New | History |
| DLRDigital Realty Trust, Inc. | COM | 34,000 | $5.26M | 0.3% | 00.0% | Unchanged | History |
| DYDycom Industries Inc | COM | 15,000 | $5.07M | 0.3% | +15,000 | New | History |
| SNOWSnowflake Inc. | Stock | 23,000 | $5.05M | 0.3% | +10,000+76.9% | Added | History |
| MSFTMicrosoft Corp | Stock | 10,000 | $4.84M | 0.3% | +10,000 | New | History |
| ORCLOracle Corp | Stock | 23,000 | $4.48M | 0.3% | +23,000 | New | History |
| ARLPAlliance Resource Partners LP | Stock | 191,000 | $4.44M | 0.3% | −50,000−20.7% | Reduced | History |
| NEENextera Energy Inc | Stock | 50,000 | $4.01M | 0.2% | +50,000 | New | History |
| PEGPublic Service Enterprise Group Inc | COM | 49,000 | $3.93M | 0.2% | 00.0% | Unchanged | History |
| SOSouthern Co | Stock | 45,000 | $3.92M | 0.2% | 00.0% | Unchanged | History |
| WECWec Energy Group, Inc. | Stock | 35,000 | $3.69M | 0.2% | +9,000+34.6% | Added | History |
| Cyberark Software LtdM2682V108 | SHS | 7,000 | $3.12M | 0.2% | 00.0% | Unchanged | – |
| GELGenesis Energy LP | UNIT LTD PARTN | 185,700 | $2.90M | 0.2% | −500,000−72.9% | Reduced | History |
| AEPAmerican Electric Power Co Inc | Stock | 25,000 | $2.88M | 0.2% | 00.0% | Unchanged | History |
| SEISolaris Energy Infrastructure, Inc. | COM CL A | 61,000 | $2.80M | 0.2% | +61,000 | New | History |
| PAAPlains All American Pipeline LP | UNIT LTD PARTN | 155,300 | $2.79M | 0.2% | +10,000+6.9% | Added | History |
| NGLNGL Energy Partners LP | COM UNIT REPST | 150,000 | $1.50M | 0.1% | −125,000−45.5% | Reduced | History |
| CLSKCleanspark, Inc. | COM NEW | 20,000 | $202.4K | <0.1% | +20,000 | New | History |
| NFENew Fortress Energy Inc. | COM CL A | 100,000 | $114.0K | <0.1% | −50,000−33.3% | Reduced | History |
Sold out since Q3 2025 (7)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| EIXEdison International | Stock | 190,000 | $10.5M | 0.6% | History |
| MSTRStrategy Inc | Stock | 25,000 | $8.06M | 0.5% | History |
| ITRIItron, Inc. | COM | 54,000 | $6.73M | 0.4% | History |
| TMUST-Mobile US, Inc. | Stock | 27,000 | $6.46M | 0.4% | History |
| EQIXEquinix Inc | COM | 7,000 | $5.48M | 0.3% | History |
| NTNXNutanix, Inc. | Stock | 60,000 | $4.46M | 0.3% | History |
| MSIMotorola Solutions, Inc. | Stock | 9,000 | $4.12M | 0.2% | History |