Cushing Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACCESS MIDSTREAM PARTNERS L	UNIT	00434L109	115,082	2,033,978	SH		SOLE		2,033,978	0	0
ALLIANCE HOLDINGS GP LP	COM UNITS LP	01861G100	33,803	576,547	SH		SOLE		576,547	0	0
ALLIANCE RES PARTNER L P	UT LTD PART	01877R108	2,618	34,000	SH		SOLE		34,000	0	0
ARDMORE SHIPPING CORP	COM	Y0207T100	3,252	209,000	SH		SOLE		209,000	0	0
ATLAS ENERGY LP	COM UNITS LP	04930A104	25,998	554,908	SH		SOLE		554,908	0	0
ATLAS PIPELINE PARTNERS LP	UNIT L P INT	049392103	51,527	1,470,100	SH		SOLE		1,470,100	0	0
ATLAS RESOURCE PARTNERS LP	COM UNT LTD PR	04941A101	22,656	1,106,243	SH		SOLE		1,106,243	0	0
AXIALL CORP	COM	05463D100	1,992	42,000	SH		SOLE		42,000	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	43,006	5,053,638	SH		SOLE		5,053,638	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	23,179	908,267	SH		SOLE		908,267	0	0
BREITBURN ENERGY PARTNERS LP	COM UT LTD PTN	106776107	73,109	3,594,332	SH		SOLE		3,594,332	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	35,650	502,113	SH		SOLE		502,113	0	0
CABOT OIL & GAS CORP	COM	127097103	2,790	71,980	SH		SOLE		71,980	0	0
CALPINE CORP	COM NEW	131347304	1,278	65,515	SH		SOLE		65,515	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	6,554	251,900	SH		SOLE		251,900	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	2,308	38,780	SH		SOLE		38,780	0	0
CANADIAN PAC RY LTD	COM	13645T100	1,801	11,900	SH		SOLE		11,900	0	0
CAPITAL PRODUCT PARTNERS L P	COM UNIT LP	Y11082107	49,198	4,698,947	SH		SOLE		4,698,947	0	0
CELADON GROUP INC	COM	150838100	487	25,000	SH		SOLE		25,000	0	0
CF INDS HLDGS INC	COM	125269100	815	3,500	SH		SOLE		3,500	0	0
CHART INDS INC	COM PAR $0.01	16115Q308	2,935	30,685	SH		SOLE		30,685	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	517	12,000	SH		SOLE		12,000	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	6,933	242,000	SH		SOLE		242,000	0	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	4,074	49,000	SH		SOLE		49,000	0	0
CIRCOR INTL INC	COM	17273K109	283	3,500	SH		SOLE		3,500	0	0
CMS ENERGY CORP	COM	125896100	968	36,170	SH		SOLE		36,170	0	0
COMMERCIAL METALS CO	COM	201723103	610	30,000	SH		SOLE		30,000	0	0
CONCHO RES INC	COM	20605P101	270	2,500	SH		SOLE		2,500	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344109	24,901	1,800,500	SH		SOLE		1,800,500	0	0
CRESTWOOD MIDSTREAM PARTNERS	UNIT LTD PARTNER	226378107	13,387	537,840	SH		SOLE		537,840	0	0
CROSSTEX ENERGY INC	COM	22765Y104	11,969	334,776	SH		SOLE		334,776	0	0
CROSSTEX ENERGY L P	COM	22765U102	72,686	2,633,550	SH		SOLE		2,633,550	0	0
CUSHING MLP TOTAL RETURN FD	COM SHS	231631102	126	15,743	SH		SOLE		15,743	0	0
CUSHING RTY & INCOME FD	COM SH BEN INT	23164R104	186	10,947	SH		SOLE		10,947	0	0
DCP MIDSTREAM PARTNERS LP	COM UT LTD PTN	23311P100	11,582	230,041	SH		SOLE		230,041	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	8,637	272,905	SH		SOLE		272,905	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	7,851	302,212	SH		SOLE		302,212	0	0
DOW CHEM CO	COM	260543103	4,035	90,890	SH		SOLE		90,890	0	0
DRESSER-RAND GROUP INC	COM	261608103	2,263	37,950	SH		SOLE		37,950	0	0
DRIL-QUIP INC	COM	262037104	1,043	9,490	SH		SOLE		9,490	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	2,599	40,000	SH		SOLE		40,000	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,001	29,000	SH		SOLE		29,000	0	0
EAGLE ROCK ENERGY PARTNERS L	UNIT	26985R104	11,444	1,923,381	SH		SOLE		1,923,381	0	0
EASTMAN CHEM CO	COM	277432100	1,441	17,855	SH		SOLE		17,855	0	0
EL PASO PIPELINE PARTNERS L	COM UNIT LPI	283702108	4,968	138,000	SH		SOLE		138,000	0	0
EMERGE ENERGY SVCS LP	COM REP PARTN	29102H108	6,572	148,242	SH		SOLE		148,242	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	54,221	1,815,248	SH		SOLE		1,815,248	0	0
ENDURO RTY TR	TR UNIT	29269K100	2,783	230,168	SH		SOLE		230,168	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	135,795	1,661,298	SH		SOLE		1,661,298	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	98,299	1,717,018	SH		SOLE		1,717,018	0	0
ENERPLUS CORP	COM	292766102	10,140	557,750	SH		SOLE		557,750	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	80,606	1,215,782	SH		SOLE		1,215,782	0	0
EOG RES INC	COM	26875P101	2,251	13,410	SH		SOLE		13,410	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	28,624	486,885	SH		SOLE		486,885	0	0
EV ENERGY PARTNERS LP	COM UNITS	26926V107	14,711	433,578	SH		SOLE		433,578	0	0
EXTERRAN PARTNERS LP	COM UNITS	30225N105	6,119	202,400	SH		SOLE		202,400	0	0
FERRELLGAS PARTNERS L.P.	UNIT LTD PART	315293100	3,052	133,000	SH		SOLE		133,000	0	0
FLOWSERVE CORP	COM	34354P105	2,703	34,285	SH		SOLE		34,285	0	0
FLUOR CORP NEW	COM	343412102	3,460	43,100	SH		SOLE		43,100	0	0
FMC TECHNOLOGIES INC	COM	30249U101	522	10,000	SH		SOLE		10,000	0	0
FOSTER WHEELER AG	COM	H27178104	1,596	48,355	SH		SOLE		48,355	0	0
FRANKS INTL N V	COM	N33462107	2,987	44,915	SH		SOLE		44,915	0	0
GENESEE & WYO INC	CL A	371559105	3,402	35,415	SH		SOLE		35,415	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	84,090	1,599,467	SH		SOLE		1,599,467	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	1,814	50,000	SH		SOLE		50,000	0	0
GREENBRIER COS INC	COM	393657101	2,736	83,300	SH		SOLE		83,300	0	0
HALLIBURTON CO	COM	406216101	1,283	25,290	SH		SOLE		25,290	0	0
HOLLYFRONTIER CORP	COM	436106108	2,286	46,000	SH		SOLE		46,000	0	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	2,403	48,815	SH		SOLE		48,815	0	0
HUGOTON RTY TR TEX	UNIT BEN INT	444717102	480	63,950	SH		SOLE		63,950	0	0
ITC HLDGS CORP	COM	465685105	1,265	13,205	SH		SOLE		13,205	0	0
ITT CORP NEW	COM NEW	450911201	1,671	38,475	SH		SOLE		38,475	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	1,575	25,000	SH		SOLE		25,000	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	2,895	23,375	SH		SOLE		23,375	0	0
KBR INC	COM	48242W106	2,873	90,075	SH		SOLE		90,075	0	0
KINDER MORGAN ENERGY PARTNER	UT LTD PARTNER	494550106	1,386	17,184	SH		SOLE		17,184	0	0
KINDER MORGAN INC DEL	COM	49456B101	9,860	273,882	SH		SOLE		273,882	0	0
KINDER MORGAN MANAGEMENT LLC	SHS	49455U100	51,012	674,226	SH		SOLE		674,226	0	0
KIRBY CORP	COM	497266106	4,983	50,210	SH		SOLE		50,210	0	0
KNOT OFFSHORE PARTNERS LP	COM UNITS	Y48125101	2,416	85,970	SH		SOLE		85,970	0	0
LEGACY RESERVES LP	UNIT LP INT	524707304	31,837	1,130,587	SH		SOLE		1,130,587	0	0
LINCOLN ELEC HLDGS INC	COM	533900106	1,413	19,810	SH		SOLE		19,810	0	0
LINN ENERGY LLC	UNIT LTD LIAB	536020100	49,279	1,600,477	SH		SOLE		1,600,477	0	0
LINNCO LLC	COMSHS LTD INT	535782106	8,397	272,550	SH		SOLE		272,550	0	0
LRR ENERGY LP	COM	50214A104	5,178	304,042	SH		SOLE		304,042	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	9,440	117,595	SH		SOLE		117,595	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	67,782	1,071,328	SH		SOLE		1,071,328	0	0
MANITOWOC INC	COM	563571108	280	12,000	SH		SOLE		12,000	0	0
MARATHON PETE CORP	COM	56585A102	33,341	363,472	SH		SOLE		363,472	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	73,979	1,118,690	SH		SOLE		1,118,690	0	0
MEMORIAL PRODTN PARTNERS LP	COM U REP LTD	586048100	25,261	1,151,369	SH		SOLE		1,151,369	0	0
METHANEX CORP	COM	59151K108	592	10,000	SH		SOLE		10,000	0	0
MID CON ENERGY PARTNERS LP	COM UNIT REPST	59560V109	21,131	924,782	SH		SOLE		924,782	0	0
MPLX LP	COM UNIT REP LTD	55336V100	33,500	752,130	SH		SOLE		752,130	0	0
MRC GLOBAL INC	COM	55345K103	2,902	89,950	SH		SOLE		89,950	0	0
NATURAL RESOURCE PARTNERS L	COM UNIT L P	63900P103	14,863	745,394	SH		SOLE		745,394	0	0
NAVIGATOR HOLDINGS LTD	SHS	Y62132108	3,233	120,000	SH		SOLE		120,000	0	0
NAVIOS MARITIME PARTNERS L P	UNIT LPI	Y62267102	10,535	551,000	SH		SOLE		551,000	0	0
NAVISTAR INTL CORP NEW	COM	63934E108	267	7,000	SH		SOLE		7,000	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	95,299	2,762,280	SH		SOLE		2,762,280	0	0
NISKA GAS STORAGE PARTNERS L	UNIT LTD LIABI	654678101	2,946	199,600	SH		SOLE		199,600	0	0
NOBLE ENERGY INC	COM	655044105	1,358	19,945	SH		SOLE		19,945	0	0
NORFOLK SOUTHERN CORP	COM	655844108	623	6,710	SH		SOLE		6,710	0	0
NORTHERN TIER ENERGY LP	COM UN REPR PART	665826103	11,596	471,366	SH		SOLE		471,366	0	0
NRG ENERGY INC	COM NEW	629377508	976	34,000	SH		SOLE		34,000	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	48,299	947,232	SH		SOLE		947,232	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	3,317	118,100	SH		SOLE		118,100	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	2,425	25,500	SH		SOLE		25,500	0	0
OCI PARTNERS LP	COM UNIT REP LP	67091N108	2,262	81,961	SH		SOLE		81,961	0	0
OILTANKING PARTNERS L P	UNIT LTD	678049107	10,847	174,750	SH		SOLE		174,750	0	0
ONEOK INC NEW	COM	682680103	101,215	1,627,777	SH		SOLE		1,627,777	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	15,235	289,365	SH		SOLE		289,365	0	0
PACIFIC COAST OIL TR	UNIT BEN INT	694103102	4,299	339,029	SH		SOLE		339,029	0	0
PEABODY ENERGY CORP	COM	704549104	586	30,000	SH		SOLE		30,000	0	0
PETROLOGISTICS LP	UNIT LTD PTH INT	71672U101	2,912	250,000	SH		SOLE		250,000	0	0
PG&E CORP	COM	69331C108	1,208	30,000	SH		SOLE		30,000	0	0
PHILLIPS 66	COM	718546104	37,256	483,028	SH		SOLE		483,028	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	35,932	947,332	SH		SOLE		947,332	0	0
PINNACLE WEST CAP CORP	COM	723484101	370	7,000	SH		SOLE		7,000	0	0
PIONEER NAT RES CO	COM	723787107	1,453	7,895	SH		SOLE		7,895	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	53,960	1,042,310	SH		SOLE		1,042,310	0	0
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	28,146	1,051,415	SH		SOLE		1,051,415	0	0
PPL CORP	COM	69351T106	3,009	100,000	SH		SOLE		100,000	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	515	55,000	SH		SOLE		55,000	0	0
PVR PARTNERS L P	COM UNIT REPTG L	693665101	52,092	1,941,558	SH		SOLE		1,941,558	0	0
QEP MIDSTREAM PARTNERS LP	COM UNIT RP LTD	74735R115	23,727	1,021,795	SH		SOLE		1,021,795	0	0
QR ENERGY LP	UNIT LTD PRTNS	74734R108	29,596	1,728,718	SH		SOLE		1,728,718	0	0
QUALITY DISTR INC FLA	COM	74756M102	616	48,000	SH		SOLE		48,000	0	0
QUANTA SVCS INC	COM	74762E102	3,258	103,250	SH		SOLE		103,250	0	0
RANGE RES CORP	COM	75281A109	888	10,535	SH		SOLE		10,535	0	0
REGENCY ENERGY PARTNERS L P	COM UNITS L P	75885Y107	22,064	840,200	SH		SOLE		840,200	0	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	17,786	459,576	SH		SOLE		459,576	0	0
ROSETTA RESOURCES INC	COM	777779307	1,968	40,961	SH		SOLE		40,961	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	2,815	39,500	SH		SOLE		39,500	0	0
SABINE ROYALTY TR	UNIT BEN INT	785688102	969	19,173	SH		SOLE		19,173	0	0
SAIA INC	COM	78709Y105	953	29,750	SH		SOLE		29,750	0	0
SANDRIDGE PERMIAN TR	COM UNIT BEN INT	80007A102	1,955	165,000	SH		SOLE		165,000	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	236	20,000	SH		SOLE		20,000	0	0
SEADRILL LIMITED	SHS	G7945E105	2,876	70,000	SH		SOLE		70,000	0	0
SEADRILL PARTNERS LLC	COMUNIT REP LB	Y7545W109	7,144	230,450	SH		SOLE		230,450	0	0
SEMGROUP CORP	CL A	81663A105	32,330	495,635	SH		SOLE		495,635	0	0
SOUTHERN CO	COM	842587107	2,487	60,500	SH		SOLE		60,500	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	652	14,387	SH		SOLE		14,387	0	0
SPRAGUE RES LP	COM UNIT REP LTD	849343108	3,626	198,782	SH		SOLE		198,782	0	0
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	17,194	366,617	SH		SOLE		366,617	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	63,669	843,522	SH		SOLE		843,522	0	0
SWIFT TRANSN CO	CL A	87074U101	3,026	136,250	SH		SOLE		136,250	0	0
TARGA RES CORP	COM	87612G101	104,419	1,184,287	SH		SOLE		1,184,287	0	0
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	43,411	830,034	SH		SOLE		830,034	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	6,916	142,800	SH		SOLE		142,800	0	0
TEAM INC	COM	878155100	423	10,000	SH		SOLE		10,000	0	0
TEEKAY CORPORATION	COM	Y8564W103	11,249	234,315	SH		SOLE		234,315	0	0
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	2,563	60,000	SH		SOLE		60,000	0	0
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	2,647	80,000	SH		SOLE		80,000	0	0
TEREX CORP NEW	COM	880779103	672	16,000	SH		SOLE		16,000	0	0
TESORO CORP	COM	881609101	4,972	84,985	SH		SOLE		84,985	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	63,970	1,222,199	SH		SOLE		1,222,199	0	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	824	66,665	SH		SOLE		66,665	0	0
TRINITY INDS INC	COM	896522109	2,747	50,385	SH		SOLE		50,385	0	0
U S SILICA HLDGS INC	COM	90346E103	409	12,000	SH		SOLE		12,000	0	0
UBS AG JERSEY BRANCH	2XMN ALR MLP INF	902664200	7,607	135,000	SH		SOLE		135,000	0	0
UBS AG JERSEY BRH	ALERIAN INFRST	902641646	7,097	180,000	SH		SOLE		180,000	0	0
UNITED RENTALS INC	COM	911363109	4,971	63,770	SH		SOLE		63,770	0	0
UNITED STATES STL CORP NEW	COM	912909108	590	20,000	SH		SOLE		20,000	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	26,182	760,019	SH		SOLE		760,019	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	22,720	769,635	SH		SOLE		769,635	0	0
WABASH NATL CORP	COM	929566107	777	62,870	SH		SOLE		62,870	0	0
WABTEC CORP	COM	929740108	1,857	25,000	SH		SOLE		25,000	0	0
WALTER ENERGY INC	COM	93317Q105	200	12,000	SH		SOLE		12,000	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	26,128	660,970	SH		SOLE		660,970	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	56,877	921,982	SH		SOLE		921,982	0	0
WESTERN REFNG INC	COM	959319104	3,544	83,550	SH		SOLE		83,550	0	0
WESTERN REFNG LOGISTICS LP	COM UNIT REP LTP	95931Q205	8,134	314,400	SH		SOLE		314,400	0	0
WESTLAKE CHEM CORP	COM	960413102	5,637	46,175	SH		SOLE		46,175	0	0
WILLIAMS COS INC DEL	COM	969457100	68,724	1,781,800	SH		SOLE		1,781,800	0	0
WILLIAMS PARTNERS L P	COM UNIT L P	96950F104	71,355	1,402,971	SH		SOLE		1,402,971	0	0
WORLD PT TERMS LP	UNIT REP LTD PT	98159G107	1,944	101,000	SH		SOLE		101,000	0	0
WORTHINGTON INDS INC	COM	981811102	337	8,000	SH		SOLE		8,000	0	0