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CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

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13F filer, CIK 1329375, DALLAS, TX

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT reported $1,726,317,018 across 68 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-14. Its ten largest share positions make up 57.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-003787

Period
2025-06-30
Reported value
$1.73B
Holdings
68
Top 10 weight
57.3%
New
13
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SOBOadded+1,322,729$34.3M
HESMadded+471,715$18.2M
OKEadded+186,091$15.2M
CEGadded+37,500$12.1M
ARIS WATER SOLUTIONS INCnew+450,000$10.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LNGreduced-81,242-$19.8M
EQTreduced-312,484-$18.2M
TRPreduced-309,286-$15.1M
KMIreduced-354,728-$10.4M
WMBreduced-155,947-$9.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001085146-25-003787, largest first. % of portfolio is the value over $1,645,764,618, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,293,510 shares; 2024Q4: 7,586,598 shares; 2025Q1: 7,416,868 shares; 2025Q2: 7,182,600 shares 7,182,600$130M7.91%-234,268Timeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 780,861 shares; 2024Q4: 672,711 shares; 2025Q1: 684,542 shares; 2025Q2: 666,300 shares 666,300$116M7.05%-18,242Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 532,185 shares; 2024Q4: 505,122 shares; 2025Q1: 541,142 shares; 2025Q2: 459,900 shares 459,900$112M6.81%-81,242Timeline
OKEONEOK INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 882,673 shares; 2024Q4: 847,465 shares; 2025Q1: 1,138,825 shares; 2025Q2: 1,324,916 shares 1,324,916$108M6.57%+186,091Timeline
HESMHESS MIDSTREAM LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,323,803 shares; 2024Q4: 1,294,859 shares; 2025Q1: 1,825,485 shares; 2025Q2: 2,297,200 shares 2,297,200$88.5M5.38%+471,715Timeline
MPLXMPLX LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,498,796 shares; 2024Q4: 1,506,962 shares; 2025Q1: 1,822,709 shares; 2025Q2: 1,715,800 shares 1,715,800$88.4M5.37%-106,909Timeline
DTMDT MIDSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 827,530 shares; 2024Q4: 784,562 shares; 2025Q1: 750,623 shares; 2025Q2: 748,300 shares 748,300$82.2M5%-2,323Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,111,523 shares; 2024Q4: 1,334,570 shares; 2025Q1: 1,347,047 shares; 2025Q2: 1,191,100 shares 1,191,100$74.8M4.55%-155,947Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,820,545 shares; 2024Q4: 2,626,684 shares; 2025Q1: 2,869,128 shares; 2025Q2: 2,514,400 shares 2,514,400$73.9M4.49%-354,728Timeline
PAGPPLAINS GP HLDGS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,373,000 shares; 2024Q4: 3,953,000 shares; 2025Q1: 4,033,000 shares; 2025Q2: 3,543,000 shares 3,543,000$68.8M4.18%-490,000Timeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,406,265 shares; 2024Q4: 1,675,327 shares; 2025Q1: 1,785,369 shares; 2025Q2: 1,687,100 shares 1,687,100$63.3M3.85%-98,269Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,214,265 shares; 2024Q4: 1,416,324 shares; 2025Q1: 1,559,786 shares; 2025Q2: 1,250,500 shares 1,250,500$61M3.71%-309,286Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,045,599 shares; 2024Q4: 2,161,325 shares; 2025Q1: 1,925,848 shares; 2025Q2: 1,957,500 shares 1,957,500$60.7M3.69%+31,652Timeline
WESWESTERN MIDSTREAM PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,315,472 shares; 2024Q4: 1,280,597 shares; 2025Q1: 1,333,624 shares; 2025Q2: 1,203,900 shares 1,203,900$46.6M2.83%-129,724Timeline
SOBOSOUTH BOW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 287,953 shares; 2025Q1: 203,371 shares; 2025Q2: 1,526,100 shares 1,526,100$39.5M2.4%+1,322,729Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 179,000 shares; 2024Q4: 187,600 shares; 2025Q1: 240,000 shares; 2025Q2: 204,000 shares 204,000$39.5M2.4%-36,000Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,500 shares; 2024Q4: 94,500 shares; 2025Q1: 72,500 shares; 2025Q2: 110,000 shares 110,000$35.5M2.16%+37,500Timeline
KNTKKINETIK HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 398,136 shares; 2024Q4: 440,000 shares; 2025Q1: 590,000 shares; 2025Q2: 779,000 shares 779,000$34.3M2.09%+189,000Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,700 shares; 2024Q4: 109,200 shares; 2025Q1: 88,700 shares; 2025Q2: 106,000 shares 106,000$30.8M1.87%+17,300Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 170,026 shares; 2024Q4: 168,306 shares; 2025Q1: 183,186 shares; 2025Q2: 199,700 shares 199,700$23.8M1.45%+16,514Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 529,045 shares; 2024Q4: 629,055 shares; 2025Q1: 665,742 shares; 2025Q2: 353,258 shares 353,258$20.6M1.25%-312,484Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,000 shares; 2025Q1: 24,000 shares; 2025Q2: 32,000 shares 32,000$16.9M1.03%+8,000Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,026,000 shares; 2024Q4: 894,000 shares; 2025Q1: 774,000 shares; 2025Q2: 774,000 shares 774,000$14.7M0.89%0Timeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,661 shares; 2024Q4: 71,662 shares; 2025Q1: 86,528 shares; 2025Q2: 85,500 shares 85,500$14.2M0.86%-1,028Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 306,665 shares; 2024Q4: 306,675 shares; 2025Q1: 301,500 shares; 2025Q2: 301,500 shares 301,500$13.7M0.83%0Timeline
CWENCLEARWAY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 476,000 shares; 2024Q4: 498,000 shares; 2025Q1: 522,000 shares; 2025Q2: 400,000 shares 400,000$12.8M0.78%-122,000Timeline
GELGENESIS ENERGY L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,139,937 shares; 2024Q4: 390,013 shares; 2025Q1: 427,837 shares; 2025Q2: 685,700 shares 685,700$11.8M0.72%+257,863Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,000 shares; 2024Q4: 79,000 shares; 2025Q1: 79,000 shares; 2025Q2: 73,000 shares 73,000$11.7M0.71%-6,000Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,700 shares; 2024Q4: 30,700 shares; 2025Q1: 27,000 shares; 2025Q2: 30,000 shares 30,000$11.3M0.69%+3,000Timeline
ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 450,000 shares 450,000$10.6M0.65%new
VIPER ENERGY INC-CL AVIPER ENERGY INC-CL AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 314,273 shares; 2024Q4: 298,802 shares; 2025Q1: 254,000 shares; 2025Q2: 254,000 shares 254,000$9.69M0.59%0
BEBLOOM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400,000 shares 400,000$9.57M0.58%newTimeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,000 shares; 2024Q4: 35,000 shares; 2025Q1: 31,000 shares; 2025Q2: 55,000 shares 55,000$9.1M0.55%+24,000Timeline
MSTRSTRATEGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares 20,000$8.08M0.49%newTimeline
TXOTXO PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 265,000 shares; 2024Q4: 261,630 shares; 2025Q1: 130,000 shares; 2025Q2: 530,000 shares 530,000$7.97M0.48%+400,000Timeline
ARLPALLIANCE RESOURCE PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,000 shares; 2024Q4: 180,000 shares; 2025Q1: 250,000 shares; 2025Q2: 241,000 shares 241,000$6.3M0.38%-9,000Timeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 26,000 shares; 2025Q1: 26,000 shares; 2025Q2: 30,000 shares 30,000$6.14M0.37%+4,000Timeline
PRIMPRIMORIS SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,000 shares; 2024Q4: 49,000 shares; 2025Q1: 49,000 shares; 2025Q2: 69,000 shares 69,000$5.38M0.33%+20,000Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,000 shares; 2024Q4: 36,000 shares; 2025Q1: 77,000 shares; 2025Q2: 77,000 shares 77,000$5.35M0.32%0Timeline
ITRIITRON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares 40,000$5.27M0.32%0Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 18,000 shares; 2025Q1: 18,000 shares; 2025Q2: 30,000 shares 30,000$5.11M0.31%+12,000Timeline
NXTNEXTPOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,000 shares; 2024Q4: not reported; 2025Q1: 60,000 shares; 2025Q2: 87,000 shares 87,000$4.73M0.29%+27,000Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 264,000 shares; 2024Q4: 344,000 shares; 2025Q1: 344,000 shares; 2025Q2: 344,000 shares 344,000$4.68M0.28%0Timeline
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,000 shares; 2024Q4: 14,000 shares; 2025Q1: 14,000 shares; 2025Q2: 19,000 shares 19,000$4.53M0.28%+5,000Timeline
CRWDCROWDSTRIKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,000 shares; 2024Q4: 14,000 shares; 2025Q1: 15,000 shares; 2025Q2: 7,000 shares 7,000$3.57M0.22%-8,000Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,000 shares; 2024Q4: 3,000 shares; 2025Q1: 3,000 shares; 2025Q2: 4,000 shares 4,000$3.18M0.19%+1,000Timeline
SOSOUTHERN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,000 shares; 2024Q4: 33,000 shares; 2025Q1: 33,000 shares; 2025Q2: 33,000 shares 33,000$3.03M0.18%0Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,000 shares; 2024Q4: 14,000 shares; 2025Q1: 14,000 shares; 2025Q2: 17,000 shares 17,000$2.96M0.18%+3,000Timeline
NETCLOUDFLARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,000 shares 15,000$2.94M0.18%newTimeline
RSGREPUBLIC SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,000 shares; 2024Q4: 11,000 shares; 2025Q1: 11,000 shares; 2025Q2: 11,000 shares 11,000$2.71M0.16%0Timeline
NTNXNUTANIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,000 shares; 2024Q4: 35,000 shares; 2025Q1: 35,000 shares; 2025Q2: 35,000 shares 35,000$2.68M0.16%0Timeline
PAAPLAINS ALL AMERN PIPELINE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 449,827 shares; 2024Q4: 218,774 shares; 2025Q1: 184,105 shares; 2025Q2: 145,300 shares 145,300$2.66M0.16%-38,805Timeline
PEGPUBLIC SVC ENTERPRISE GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,000 shares; 2024Q4: 29,000 shares; 2025Q1: 29,000 shares; 2025Q2: 29,000 shares 29,000$2.44M0.15%0Timeline
MSIMOTOROLA SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,000 shares; 2024Q4: 5,000 shares; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares 5,000$2.1M0.13%0Timeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares 25,000$2.08M0.13%0Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares 5,000$2.03M0.12%0
AEPAMERICAN ELEC PWR CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,000 shares; 2024Q4: 17,000 shares; 2025Q1: 17,000 shares; 2025Q2: 17,000 shares 17,000$1.76M0.11%0Timeline
AGXARGAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,000 shares 8,000$1.76M0.11%newTimeline
NGLNGL ENERGY PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 200,000 shares; 2025Q1: 200,000 shares; 2025Q2: 275,000 shares 275,000$1.17M0.07%+75,000Timeline
Vital Energy IncVital Energy IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,000 shares; 2024Q4: 45,000 shares; 2025Q1: 15,000 shares; 2025Q2: 15,000 shares 15,000$241K0.01%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TLNTALEN ENERGY CORP Stockcall60,000$17.4Mnew
CEGCONSTELLATION ENERGY CORP Stockcall50,000$16.1Mnew
TLNTALEN ENERGY CORP Stockput50,000$14.5Mnew
CEGCONSTELLATION ENERGY CORP Stockput40,000$12.9Mnew
VSTVISTRA CORP Stockcall45,000$8.72Mnew
VSTVISTRA CORP Stockput35,000$6.78Mnew
NRGNRG ENERGY INC Stockcall15,000$2.41Mnew
NRGNRG ENERGY INC Stockput10,000$1.61Mnew

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SRESEMPRA82,000$5.85Mshares
MSFTMICROSOFT CORP15,000$5.63Mshares
CORZCORE SCIENTIFIC INC NEW500,000$3.62Mshares
CLSKCLEANSPARK INC500,500$3.36Mshares
AMLPALPS ETF TR50,000$2.6Mput
SSENTINELONE INC90,000$1.64Mshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001085146-25-003787 base2025-07-14acceptance time not in the bulk data set