NXG Cushing Midstream Energy Fund
SRV
23 hedge funds and large institutions have $8.11M invested in NXG Cushing Midstream Energy Fund in 2024 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
5% more funds holding
Funds holding: 22 → 23 (+1)
4% less capital invested
Capital invested by funds: $8.45M → $8.11M (-$341K)
2.24% less ownership
Funds ownership: 9.39% → 7.15% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$539K |
| 2 |
LPL Financial
San Diego,
California
|
+$393K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$244K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$86.2K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$61.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$713K |
| 2 |
Morgan Stanley
New York
|
-$238K |
| 3 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$151K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$102K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$54.6K |
SRV Hedge Fund Activity: Q2 2024 in Review
23 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in NXG Cushing Midstream Energy Fund (SRV) for Q2 2024, worth a combined $8.11M — down 4% from $8.45M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SRV positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 5 trimmed.
The largest buyer was Strategic Financial Concepts, opening a new position worth an estimated $539K. The largest seller was Sit Investment Associates, cutting an estimated $713K.
- 23 institutional investors held NXG Cushing Midstream Energy Fund (SRV) as of Q2 2024, up from 22 in Q1 2024.
- Funds reported $8.11M of NXG Cushing Midstream Energy Fund stock for Q2 2024, down 4% quarter-over-quarter.
- 3 funds opened new NXG Cushing Midstream Energy Fund positions in Q2 2024 and 2 closed out, a net change of +1 holder.
- The largest NXG Cushing Midstream Energy Fund buyer in Q2 2024 was Strategic Financial Concepts, an estimated $539K added.
- The largest NXG Cushing Midstream Energy Fund seller in Q2 2024 was Sit Investment Associates, an estimated $713K sold.
Based on aggregated 13F filings for Q2 2024.