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NXG INVESTMENT MANAGEMENT
Legal name: CUSHING ASSET MANAGEMENT, LP
CRD 131517File 801-63255
APPROVED
Custody
Disclosure events
Filing as of Aug 6, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.75B
Top 25% of cohort (national)
Discretionary AUM
$1.75B
Non-discretionary $952K
Clients
6
6 accounts
Employees
10
Top 25% of cohort in TX
Identity & registration
ADV Item 1- Organization form
- Limited Partnership
- Firm type
- Registered
- SEC region
- FWRO
- Registration date
- Jun 17, 2004
- Principal office
- ONE ENERGY SQUARE, 4925 GREENVILLE AVENUE, SUITE 1310, DALLAS, TX, 75206
- Phone
- 214-692-6334
- Website
- HTTPS://WWW.NXGIM.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.75B
- Discretionary AUM
- $1.75B
- Non-discretionary AUM
- $952K
- Discretionary accounts
- 5
- Non-discretionary accounts
- 1
- Total accounts
- 6
- AUM per client
- $291.7M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 3 | $1.71B |
| Pooled investment vehicles | 2 | $30.1M |
| Pension and profit sharing plans | 1 | $7.4M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11- Q11C2
- Q11C4
- Q11C5
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Clients | 21 | 6 | decreased by15 |
| Apr 1, 2026 | AUM | $1,476,595,999 | $1,750,294,646 | increased by$273,698,647 |
| Apr 1, 2026 | Accounts | 21 | 6 | decreased by15 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 20 | 10 | decreased by10 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 56 | 21 | decreased by35 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,064,689,172 | $1,476,595,999 | increased by$411,906,827 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 56 | 21 | decreased by35 |
| Apr 1, 2022 | Employees | 22 | 20 | decreased by2 |
| Apr 1, 2022 | Clients | 50 | 56 | increased by6 |
| Apr 1, 2022 | AUM | $890,844,475 | $1,064,689,172 | increased by$173,844,697 |
| Apr 1, 2022 | Accounts | 50 | 56 | increased by6 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “NXG INVESTMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“NXG INVESTMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.