NXG Cushing Midstream Energy Fund
SRV
18 hedge funds and large institutions have $14.2M invested in NXG Cushing Midstream Energy Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 7 closing their positions.
14.16% less ownership
Funds ownership: 34.05% → 19.89% (-14%)
18% less funds holding
Funds holding: 22 → 18 (-4)
43% less capital invested
Capital invested by funds: $24.8M → $14.2M (-$10.6M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$645K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$376K |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$287K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$97.1K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$4.63K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.06M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.34M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.65M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.54M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.41M |
SRV Hedge Fund Activity: Q1 2023 in Review
18 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in NXG Cushing Midstream Energy Fund (SRV) for Q1 2023, worth a combined $14.2M — down 43% from $24.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SRV and 3 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was LPL Financial, adding an estimated $645K. The largest seller was Saba Capital Management, cutting an estimated $3.06M.
- 18 institutional investors held NXG Cushing Midstream Energy Fund (SRV) as of Q1 2023, down from 22 in Q4 2022.
- Funds reported $14.2M of NXG Cushing Midstream Energy Fund stock for Q1 2023, down 43% quarter-over-quarter.
- 3 funds opened new NXG Cushing Midstream Energy Fund positions in Q1 2023 and 7 closed out, a net change of -4 holders.
- The largest NXG Cushing Midstream Energy Fund buyer in Q1 2023 was LPL Financial, an estimated $645K added.
- The largest NXG Cushing Midstream Energy Fund seller in Q1 2023 was Saba Capital Management, an estimated $3.06M sold.
Based on aggregated 13F filings for Q1 2023.