NXG Cushing Midstream Energy Fund
SRV
19 hedge funds and large institutions have $10M invested in NXG Cushing Midstream Energy Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 4 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
6% more funds holding
Funds holding: 18 → 19 (+1)
7.63% less ownership
Funds ownership: 19.89% → 12.26% (-7.6%)
30% less capital invested
Capital invested by funds: $14.2M → $10M (-$4.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$475K |
| 2 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$191K |
| 3 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$163K |
| 4 |
LPL Financial
San Diego,
California
|
+$81.7K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$61.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.29M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.68M |
| 3 |
Morgan Stanley
New York
|
-$233K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$231K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$4.39K |
SRV Hedge Fund Activity: Q2 2023 in Review
19 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in NXG Cushing Midstream Energy Fund (SRV) for Q2 2023, worth a combined $10M — down 30% from $14.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SRV positions and 4 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Osaic Holdings, adding an estimated $475K. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.29M sold.
- 19 institutional investors held NXG Cushing Midstream Energy Fund (SRV) as of Q2 2023, up from 18 in Q1 2023.
- Funds reported $10M of NXG Cushing Midstream Energy Fund stock for Q2 2023, down 30% quarter-over-quarter.
- 5 funds opened new NXG Cushing Midstream Energy Fund positions in Q2 2023 and 4 closed out, a net change of +1 holder.
- The largest NXG Cushing Midstream Energy Fund buyer in Q2 2023 was Osaic Holdings, an estimated $475K added.
- The largest NXG Cushing Midstream Energy Fund seller in Q2 2023 was Saba Capital Management, an estimated $4.29M sold.
Based on aggregated 13F filings for Q2 2023.