Hedge Fund Database

NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT, LP Legal Name

Adviser information for NXG INVESTMENT MANAGEMENT last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Partnership
Fiscal Year End DECEMBER
Legal Location Texas, United States

Employees

Total Number of Employees 10
Investment Advisory/Research 5
Registered Broker-Dealer Representatives 2
Registered State Investment Advisers 2
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 0

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 20 $1.1B
Non-Discretionary 1 $1.2M
Total 21 $1.1B

Clients

Type Number RAUM
Individuals 0 $0
HNW Individuals 15 $11.7M
Banking or thrift institutions 0 $0
Investment companies 3 $1.0B
Business development companies 0 $0
Pooled investment vehicles 2 $44.4M
Pension and profit sharing plans 1 $4.9M
Charitable organizations 0 $0
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 2
No. of Non-U.S. Clients 0

Services

Advisory Services Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehicles
Compensation % of AUMPerformance-based fees
Other Business Activities Commodity pool operator or commodity trading advisor

Wrap Fee Program

Offers Wrap Fee Program Yes
Acting As RAUM
Sponsor 0
Portfolio Manager 11.7M
Both for Same 0
Portfolio Manager to Program Sponsor
DYNAMIC ALLOCATION PORTFOLIOS-UMA PROGRAM CITIGROUP GLOBAL MARKETS INC.
THIRD PARTY MODELS PROGRAM ENVESTNET PMC
MANAGED ACCOUNT ADVISOR PROGRAM BNY MELLON ADVISORS, INC.
MANAGED ACCOUNT SELECT CHARLES SCHWAB & CO., INC.
MANAGED ACCOUNT ACCESS CHARLES SCHWAB & CO., INC.
FIDUCIARY SERVICES PROGRAM CITIGROUP GLOBAL MARKETS INC.
MANAGER SIGNALS PROGRAM VESTMARK ADVISORY SOLUTIONS, INC.
PRIVATE ADVISOR NETWORK WELLS FARGO ADVISORS

Identifiers

SEC RIA File Number 801-63255
SEC ERA File Number 801-63255
SEC CIK Numbers 1329375
SEC CRD Numbers 131517
Legal Entity Identifier BTOE2TTW9S2WQ0ZQS774

Principal Office

600 NORTH PEARL STREET
SUITE 1205
DALLAS
TX
United States
Monday - Friday, 8AM-5PM
Tel: 214-692-6334, Fax: 214-219-2353

Websites

www.nxgim.com www.linkedin.com/company/nxgim/ www.facebook.com/cushing-asset-management-945444148961597/ twitter.com/cushingasset www.linkedin.com/company/cushingasset/

Chief Compliance Officer

JEFFREY ENGELSMAN
600 NORTH PEARL STREET
SUITE 1205
DALLAS
TX
United States
Tel: 214.692.6334
(Full email address available in API data)

Regulatory Contact

JOHN MUSGRAVE
PRESIDENT AND CEO
600 NORTH PEARL STREET
SUITE 1205
DALLAS
TX
United States
Tel: 214.692.6334
(Full email address available in API data)

Industry Affiliates

None

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
THE CUSHING FUND, LP Hedge Fund $43.2M $1.0M 32

Control Persons

Name Type Entity Title Since Ownership
NELSON, BLAKE, ROBERT Individual – CHIEF FINANCIAL OFFICER 02/2021 < 5%
SWANK, JERRY, VANE Individual – LIMITED PARTNER 10/2003 > 75%
SWANK, JERRY, VANE Individual SWANK CAPITAL, LLC MANAGING MEMBER 05/2002 > 75%
SWANK CAPITAL, LLC Domestic Entity – GENERAL PARTNER 10/2003 < 5%
MUSGRAVE, JOHN, MARSHALL Individual – PRESIDENT AND CEO (10/2023) MANAGING PARTNER (12/2022) AND CO-CHIEF INVESTMENT OFFICER (09/2019) 09/2019 < 5%
SUNDERLAND, TODD, WILLIAM Individual – CHIEF OPERATING OFFICER AND CHIEF RISK OFFICER 12/2022 < 5%
ENGELSMAN, JEFFREY, ALAN Individual – CHIEF COMPLIANCE OFFICER 06/2023 < 5%

No. Employees, Historic

40200201920202021202220232024202533 on 4/4/201933 on 7/16/201933 on 9/19/201937 on 3/30/202037 on 6/12/202037 on 6/12/202037 on 6/12/202022 on 3/31/202122 on 6/21/202120 on 3/31/202220 on 3/31/202220 on 10/24/202220 on 11/3/202220 on 12/13/202220 on 3/31/202320 on 4/1/202320 on 5/15/202320 on 6/23/202310 on 10/26/202310 on 10/26/202310 on 3/28/202410 on 3/28/202410 on 3/29/2024

RAUM, Historic

3B2B020192020202120222023202420252741718785 on 4/4/20192741718785 on 7/16/20192741718785 on 9/19/20191840973123 on 3/30/20201840973123 on 6/12/20201840973123 on 6/12/20201840973123 on 6/12/2020890844475 on 3/31/2021890844475 on 6/21/20211064689172 on 3/31/20221064689172 on 3/31/20221064689172 on 10/24/20221064689172 on 11/3/20221064689172 on 12/13/20221131630860 on 3/31/20231131630860 on 4/1/20231131630860 on 5/15/20231131630860 on 6/23/20231131630860 on 10/26/20231131630860 on 10/26/20231109652606 on 3/28/20241109652606 on 3/28/20241109652606 on 3/29/2024

No. Clients, Historic

1005002019202020212022202320242025100 on 4/4/2019100 on 7/16/2019100 on 9/19/201980 on 3/30/202080 on 6/12/202080 on 6/12/202080 on 6/12/202050 on 3/31/202150 on 6/21/202156 on 3/31/202256 on 3/31/202256 on 10/24/202256 on 11/3/202256 on 12/13/202229 on 3/31/202329 on 4/1/202329 on 5/15/202329 on 6/23/202329 on 10/26/202329 on 10/26/202321 on 3/28/202421 on 3/28/202421 on 3/29/2024

Holdings

From latest 13F, filed July 22nd, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
ALGONQUIN PWR UTILS CORP COM 5M 828K –
ALLIANCE RESOURCE PARTNERS L UT LTD PART 4M 150K –
ALLIANCE RESOURCE PARTNERS L UT LTD PART 2M 100K –
ANTERO MIDSTREAM CORP COM 16M 1M NEW YORK LIFE INVESTMENT MANAGEMENT LLC
ANTERO RESOURCES CORP COM 529K 16K –
CENOVUS ENERGY INC COM 5M 277K –
CHENIERE ENERGY INC COM NEW 86M 491K 1, 2
CLEANSPARK INC COM NEW 3M 200K –
CLEARWAY ENERGY INC CL C 12M 491K NEW YORK LIFE INVESTMENT MANAGEMENT LLC
COMSTOCK RES INC COM 483K 47K –
CONSTELLATION ENERGY CORP COM 5M 23K –
CRESCENT ENERGY COMPANY CL A COM 491K 41K –
CROWDSTRIKE HLDGS INC CL A 5M 12K –
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 2M 51K –
DT MIDSTREAM INC COMMON STOCK 62M 878K 1, 2
ENBRIDGE INC COM 20M 563K 1, 2
ENERGY TRANSFER L P COM UT LTD PTN 110M 7M 1, 2
ENLINK MIDSTREAM LLC COM UNIT REP LTD 35M 3M 1, 2
ENTERPRISE PRODS PARTNERS L COM 51M 2M 1, 2
EQUITRANS MIDSTREAM CORP COM 53M 4M 1, 2
EXCELERATE ENERGY INC CL A COM 2M 110K –
EXXON MOBIL CORP COM 2M 15K –
FIRST SOLAR INC COM 9M 42K –
GENESIS ENERGY L P UNIT LTD PARTN 17M 1M NEW YORK LIFE INVESTMENT MANAGEMENT LLC
HANNON ARMSTRONG SUST INFR C COM 1M 35K –
HESS MIDSTREAM LP CL A SHS 46M 1M 1, 2
ITRON INC COM 3M 30K –
JACOBS SOLUTIONS INC COM 2M 17K –
KINDER MORGAN INC DEL COM 63M 3M 1, 2
KINETIK HOLDINGS INC COM NEW CL A 14M 344K NEW YORK LIFE INVESTMENT MANAGEMENT LLC
MARATHON PETE CORP COM 22M 128K 1, 2
MICROSOFT CORP COM 1M 3K –
MPLX LP COM UNIT REP LTD 55M 1M 1, 2
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 7M 255K NEW YORK LIFE INVESTMENT MANAGEMENT LLC
NEXTRACKER INC CLASS A COM 2M 44K –
NRG ENERGY INC COM NEW 4M 53K –
NUTANIX INC CL A 2M 35K –
ONEOK INC NEW COM 69M 851K 1, 2
PEMBINA PIPELINE CORP COM 53M 1M 1, 2
PHILLIPS 66 COM 33M 236K 1, 2
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 2M 132K Citigroup Global Markets Inc.
PLAINS GP HLDGS L P LTD PARTNR INT A 81M 4M NEW YORK LIFE INVESTMENT MANAGEMENT LLC
PRIMORIS SVCS CORP COM 1M 24K –
PUBLIC SVC ENTERPRISE GRP IN COM 2M 27K –
QUANTA SVCS INC COM 4M 14K –
RANGE RES CORP COM 604K 18K –
REPUBLIC SVCS INC COM 2M 9K –
RIVIAN AUTOMOTIVE INC COM CL A 168K 13K –
SITIO ROYALTIES CORP CLASS A COM 2M 82K –
TARGA RES CORP COM 109M 843K 1, 2
TC ENERGY CORP COM 32M 857K NEW YORK LIFE INVESTMENT MANAGEMENT LLC
TXO PARTNERS LP COM UNIT 5M 265K –
VALARIS LTD CL A 894K 12K –
VERIZON COMMUNICATIONS INC COM 3M 62K –
VIPER ENERGY INC CL A 11M 304K Citigroup Global Markets Inc.
VISTRA CORP COM 10M 119K –
VITAL ENERGY INC COM 2M 42K –
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 47M 1M 1, 2
WILLIAMS COS INC COM 60M 1M 1, 2