13F HOLDINGS REPORT
CUSHING ASSET MANAGEMENT, LP
Quarter ended Q4 2025 · Filed January 27, 2026 · Accession 0001329375-26-000001
Total Value
$1.74B
Positions
60
Other Managers
1
Confidential Omitted
No
Holdings (60)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ENERGY TRANSFER L P | ET-PI | 7,991,600 | $131.8M | 7.56% |
| 2 | TARGA RES CORP | TRGP | 681,300 | $125.7M | 7.21% |
| 3 | MPLX LP | MPLXP | 1,883,800 | $100.5M | 5.77% |
| 4 | WILLIAMS COS INC | 969457100 | 1,595,100 | $95.9M | 5.50% |
| 5 | ONEOK INC NEW | OKE | 1,297,916 | $95.4M | 5.47% |
| 6 | DT MIDSTREAM INC | DTM | 749,300 | $89.7M | 5.14% |
| 7 | KINDER MORGAN INC DEL | EP-PC | 2,865,000 | $78.8M | 4.52% |
| 8 | PLAINS GP HLDGS L P | PAGP | 3,725,000 | $71.3M | 4.09% |
| 9 | TC ENERGY CORP | TRPRF | 1,295,500 | $71.3M | 4.09% |
| 10 | KINETIK HOLDINGS INC | KNTK | 1,843,400 | $66.5M | 3.81% |
| 11 | CHENIERE ENERGY INC | LNG | 324,800 | $63.1M | 3.62% |
| 12 | WESTERN MIDSTREAM PARTNERS L | WES | 1,540,900 | $60.9M | 3.49% |
| 13 | ENTERPRISE PRODS PARTNERS L | 293792107 | 1,792,500 | $57.5M | 3.30% |
| 14 | PEMBINA PIPELINE CORP | PPLOF | 1,347,100 | $51.3M | 2.94% |
| 15 | HESS MIDSTREAM LP | HESM | 1,357,200 | $46.8M | 2.69% |
| 16 | TALEN ENERGY CORP | TLN | 117,200 | $43.9M | 2.52% |
| 17 | CONSTELLATION ENERGY CORP | CEG | 116,700 | $41.2M | 2.36% |
| 18 | SOUTH BOW CORP | SOBO | 1,490,500 | $40.9M | 2.35% |
| 19 | VISTRA CORP | VST | 208,700 | $33.7M | 1.93% |
| 20 | GE VERNOVA INC | GEV | 47,850 | $31.3M | 1.79% |
| 21 | ENBRIDGE INC | ENNPF | 601,500 | $28.8M | 1.65% |
| 22 | NRG ENERGY INC | NRG | 162,000 | $25.8M | 1.48% |
| 23 | PHILLIPS 66 | PSX | 190,900 | $24.6M | 1.41% |
| 24 | EQT CORP | EQT | 344,258 | $18.5M | 1.06% |
| 25 | FIRST SOLAR INC | FSLR | 68,000 | $17.8M | 1.02% |
| 26 | QUANTA SVCS INC | 74762E102 | 39,000 | $16.5M | 0.94% |
| 27 | PRIMORIS SVCS CORP | 74164F103 | 127,000 | $15.8M | 0.90% |
| 28 | MASTEC INC | MTZ | 70,500 | $15.3M | 0.88% |
| 29 | NEXTPOWER INC | NXT | 163,000 | $14.2M | 0.81% |
| 30 | MARATHON PETE CORP | MARA | 82,500 | $13.4M | 0.77% |
| 31 | CROWDSTRIKE HLDGS INC | CRWD | 25,000 | $11.7M | 0.67% |
| 32 | ARGAN INC | AGX | 35,000 | $11.0M | 0.63% |
| 33 | VIPER ENERGY INC | VNOM | 279,000 | $10.8M | 0.62% |
| 34 | BLOOM ENERGY CORP | BE | 115,000 | $10.0M | 0.57% |
| 35 | PALO ALTO NETWORKS INC | PANW | 47,000 | $8.7M | 0.50% |
| 36 | CENOVUS ENERGY INC | CVE | 460,000 | $7.8M | 0.45% |
| 37 | TXO PARTNERS LP | TXO | 581,000 | $6.2M | 0.36% |
| 38 | CLOUDFLARE INC | NET | 30,000 | $5.9M | 0.34% |
| 39 | ENTERGY CORP NEW | ENO | 63,000 | $5.8M | 0.33% |
| 40 | IREN LIMITED | IREN | 153,000 | $5.8M | 0.33% |
| 41 | ANTERO MIDSTREAM CORP | AM | 316,000 | $5.6M | 0.32% |
| 42 | DIGITALOCEAN HLDGS INC | DOCN | 116,000 | $5.6M | 0.32% |
| 43 | DIGITAL RLTY TR INC | 253868103 | 34,000 | $5.3M | 0.30% |
| 44 | DYCOM INDS INC | 267475101 | 15,000 | $5.1M | 0.29% |
| 45 | SNOWFLAKE INC | SNOW | 23,000 | $5.0M | 0.29% |
| 46 | MICROSOFT CORP | MSFT | 10,000 | $4.8M | 0.28% |
| 47 | ORACLE CORP | ORCL-PD | 23,000 | $4.5M | 0.26% |
| 48 | ALLIANCE RESOURCE PARTNERS L | ARLP | 191,000 | $4.4M | 0.25% |
| 49 | NEXTERA ENERGY INC | NEE-PW | 50,000 | $4.0M | 0.23% |
| 50 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 49,000 | $3.9M | 0.23% |
| 51 | SOUTHERN CO | SOMN | 45,000 | $3.9M | 0.23% |
| 52 | WEC ENERGY GROUP INC | WEC | 35,000 | $3.7M | 0.21% |
| 53 | CYBERARK SOFTWARE LTD | M2682V108 | 7,000 | $3.1M | 0.18% |
| 54 | GENESIS ENERGY L P | GEL | 185,700 | $2.9M | 0.17% |
| 55 | AMERICAN ELEC PWR CO INC | 025537101 | 25,000 | $2.9M | 0.17% |
| 56 | SOLARIS ENERGY INFRAS INC | SEI | 61,000 | $2.8M | 0.16% |
| 57 | PLAINS ALL AMERN PIPELINE L | 726503105 | 155,300 | $2.8M | 0.16% |
| 58 | NGL ENERGY PARTNERS LP | NGL-PC | 150,000 | $1.5M | 0.09% |
| 59 | CLEANSPARK INC | CLSKW | 20,000 | $202,400 | 0.01% |
| 60 | NEW FORTRESS ENERGY INC | NFE | 100,000 | $114,000 | 0.01% |