CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $7.5M to CRWV Stake

Cushing Asset Management, LP, also known as NXG Investment Management, boosted its position in CoreWeave, Inc. (CRWV) by 86,500 shares, increasing its total holdings to 88,000 shares valued at approximately $7.67 million. This move was disclosed in a filing on October 26, 2026, with the stock closing at $55.19 on that date.

CRWV CoreWeave, Inc.

$54.24 ▼ -31.62% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Cushing Asset Management's CoreWeave Position

Cushing Asset Management's stake in CoreWeave increased from 1,500 shares to 88,000 shares, representing a 5,766.67% increase. The reported value of this position is about $7.67 million, contributing to a portfolio weight of 0.54% in Cushing's overall holdings, which total around $1.42 billion.

Where CoreWeave Fits in Cushing's Portfolio

CoreWeave ranks 36th among Cushing Asset Management's 73 reported positions. This significant increase in shares reflects a growing confidence in the company.

Other Institutional Activity in CoreWeave

In addition to Cushing Asset Management, Ag2R la Mondiale Gestion D'Actifs reduced its stake in CoreWeave by 52,365 shares, leaving it with 14,038 shares valued at about $1.22 million. Meanwhile, Jane Street Group, LLC added 5,028,085 shares to its position, raising its total to 13,885,024 shares worth approximately $766.3 million.

CoreWeave, Inc. Stock Up 1.7%

As of October 27, 2026, CoreWeave's stock was recently trading around $55.17, which is about equal to its closing price of $55.19 on October 26. The stock is currently below its 50-day moving average of $82.27 and its 200-day moving average of $91.89, indicating recent struggles in price performance. Additionally, the stock is significantly below its 52-week high of $141.79, down about 61.1% from that peak.

Recent Earnings

CoreWeave reported trailing twelve-month revenue of approximately $7.59 billion, reflecting a year-over-year growth rate of 112.5%. The company is scheduled to announce its next earnings on November 11, 2026.

Insider Buying and Selling at CoreWeave, Inc.

Several insiders sold shares recently, including CEO Michael N. Intrator, who sold 307,692 shares worth about $26.66 million on September 29, 2026. Additionally, CFO Nitin Agrawal sold 22,579 shares worth approximately $1.81 million on October 12, 2026. These transactions were not part of planned sales.

Analysts Set New Price Targets

On October 19, 2026, Goldman Sachs upgraded CoreWeave to a Buy rating with a price target of $106.00. HSBC reiterated a Reduce rating with a target of $39.00 on October 20, while Piper Sandler maintained an Overweight rating but lowered its target from $153.00 to $124.00 on October 21. UBS also maintained a Buy rating with a target of $105.00 on October 23.

About CoreWeave

CoreWeave, Inc. is a cloud infrastructure technology company based in Livingston, NJ. It provides a cloud platform that supports the automation and efficiency required to manage complex AI infrastructure at scale. This recent boost in Cushing Asset Management's stake may indicate a positive outlook on the company's growth potential in the technology sector.

Bottom Line

Investors should keep an eye on CoreWeave's upcoming earnings report on November 11, 2026, as well as any further institutional filings that could reveal changes in sentiment towards the stock. Cushing Asset Management's significant increase in its position underscores a growing interest in CoreWeave's future prospects.