NXG Cushing Midstream Energy Fund
SRV
22 hedge funds and large institutions have $8.45M invested in NXG Cushing Midstream Energy Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 6 closing their positions.
0% more funds holding
Funds holding: 22 → 22 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
16.58% less ownership
Funds ownership: 25.97% → 9.39% (-17%)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
56% less capital invested
Capital invested by funds: $19.2M → $8.45M (-$10.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$260K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$195K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$190K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$181K |
| 5 |
LPL Financial
San Diego,
California
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.14M |
| 2 |
SOA
Sea Otter Advisors
Miami,
Florida
|
-$2.36M |
| 3 |
Morgan Stanley
New York
|
-$2.36M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$409K |
| 5 |
VF
Virtu Financial
New York
|
-$346K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
26
Landscape Capital Management
Englewood,
New Jersey
| – | -$221K | -6,519 | Closed |
|
27
JP Morgan Chase
New York
| – | -$8.81K | -260 | Closed |
|
|
ASN
28
Advisory Services Network
Atlanta,
Georgia
| – | -$678 | -20 | Closed |
|
SRV Hedge Fund Activity: Q1 2024 in Review
22 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in NXG Cushing Midstream Energy Fund (SRV) for Q1 2024, worth a combined $8.45M — down 56% from $19.2M a quarter earlier.
Fund positioning in SRV was balanced in Q1 2024: 6 funds opened new positions, 6 closed out, 4 added to existing stakes and 5 trimmed.
The largest buyer was Axxcess Wealth Management, opening a new position worth an estimated $260K. The largest seller was Sit Investment Associates, cutting an estimated $8.14M.
- 22 institutional investors held NXG Cushing Midstream Energy Fund (SRV) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $8.45M of NXG Cushing Midstream Energy Fund stock for Q1 2024, down 56% quarter-over-quarter.
- 6 funds opened new NXG Cushing Midstream Energy Fund positions in Q1 2024 and 6 closed out, a net change of 0 holders.
- The largest NXG Cushing Midstream Energy Fund buyer in Q1 2024 was Axxcess Wealth Management, an estimated $260K added.
- The largest NXG Cushing Midstream Energy Fund seller in Q1 2024 was Sit Investment Associates, an estimated $8.14M sold.
Based on aggregated 13F filings for Q1 2024.