CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $2.2M to IREN Stake

Cushing Asset Management boosted its stake in IREN Limited (IREN) by 53,400 shares in a filing on October 26, 2026.

IREN IREN Limited

$25.43 ▼ -40.44% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where IREN Limited Fits in Cushing Asset Management's Portfolio

Cushing Asset Management's position in IREN Limited accounts for 0.61% of its total reported 13F value of about $1.42 billion. The increase of 53,400 shares represents a 34.0% boost in their stake, reflecting the firm's confidence in the company's future prospects.

Other Institutional Activity in IREN Limited

Citigroup Inc. grew its holdings in IREN Limited by 566,972 shares, ending with 11,470,290 shares worth about $291.7 million. Value Aligned Research Advisors, LLC added 3,699,688 shares for a total of 8,467,327 shares valued at approximately $215.3 million. BIT Capital GmbH increased its stake by 505,213 shares, totaling 7,032,519 shares worth about $178.8 million.

IREN Limited Stock Up 2.1%

IREN Limited is currently trading at around $25.43, which is significantly below its 52-week high of $76.87 and also below its 200-day moving average of $44.84. The stock has a market cap of about $10.29 billion.

Recent Earnings

For the trailing twelve months, IREN Limited reported revenue of approximately $707 million, but the company has faced challenges with a revenue growth of -26.7% year-over-year. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at IREN Limited

William Gregory Roberts, the CEO, sold 1,000,000 shares on September 11, 2025, at an average price of $33.13, totaling about $33.1 million. Daniel John Roberts, also a CEO, sold the same number of shares at the same price on the same date. Christopher Guzowski, a Director, sold 11,958 shares on September 16, 2025, for about $434,315.

Analysts Set New Price Targets

On September 14, 2026, JP Morgan upgraded IREN Limited to an Overweight rating with a target price of $65.00, up from $46.00. BTIG reiterated its Buy rating with a target of $80.00 on the same day. The consensus from 18 analysts gives a mean price target of $77.81, indicating a strong buy recommendation.

About IREN Limited

IREN Limited operates as an AI cloud services platform in Australia and Canada. The company develops and manages data centers, including land and infrastructure, which are key to its operations. This recent boost in stake by Cushing Asset Management signals their ongoing support for IREN's strategic direction and growth potential.

Bottom Line

Investors should monitor IREN Limited's upcoming earnings report on November 5, 2026, for insights into its financial recovery and growth trajectory. Cushing Asset Management's recent move to increase its stake suggests confidence in the company's future performance.