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	95,643	1,900,388	SH		SOLE		1,900,388	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	427	14,000	SH		SOLE		14,000	0	0
ALLIANCE HOLDINGS GP LP	COM UNITS LP	01861G100	39,688	626,727	SH		SOLE		626,727	0	0
ALLIANCE RES PARTNER L P	UT LTD PART	01877R108	4,744	64,000	SH		SOLE		64,000	0	0
ARDMORE SHIPPING CORP	COM	Y0207T100	2,537	209,000	SH		SOLE		209,000	0	0
ATLAS ENERGY LP	COM UNITS LP	04930A104	22,055	358,913	SH		SOLE		358,913	0	0
ATLAS PIPELINE PARTNERS LP	UNIT L P INT	049392103	55,074	1,419,430	SH		SOLE		1,419,430	0	0
ATLAS RESOURCE PARTNERS LP	COM UNT LTD PR	04941A101	13,293	634,813	SH		SOLE		634,813	0	0
AXIALL CORP	COM	05463D100	1,776	47,000	SH		SOLE		47,000	0	0
BAKER HUGHES INC	COM	057224107	344	7,000	SH		SOLE		7,000	0	0
BERRY PETE CO	CL A	085789105	3,079	71,400	SH		SOLE		71,400	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	41,895	5,070,673	SH		SOLE		5,070,673	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	26,491	872,267	SH		SOLE		872,267	0	0
BREITBURN ENERGY PARTNERS LP	COM UT LTD PTN	106776107	53,195	2,902,087	SH		SOLE		2,902,087	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	7,936	117,464	SH		SOLE		117,464	0	0
CABOT OIL & GAS CORP	COM	127097103	2,388	64,000	SH		SOLE		64,000	0	0
CALPINE CORP	COM NEW	131347304	622	32,000	SH		SOLE		32,000	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	9,488	347,686	SH		SOLE		347,686	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	2,977	51,000	SH		SOLE		51,000	0	0
CANADIAN PAC RY LTD	COM	13645T100	1,288	10,450	SH		SOLE		10,450	0	0
CAPITAL PRODUCT PARTNERS L P	COM UNIT LP	Y11082107	35,505	3,944,950	SH		SOLE		3,944,950	0	0
CELADON GROUP INC	COM	150838100	467	25,000	SH		SOLE		25,000	0	0
CENTERPOINT ENERGY INC	COM	15189T107	9,998	417,100	SH		SOLE		417,100	0	0
CHART INDS INC	COM PAR $0.01	16115Q308	2,129	17,300	SH		SOLE		17,300	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	6,221	236,000	SH		SOLE		236,000	0	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	3,321	49,000	SH		SOLE		49,000	0	0
CIRCOR INTL INC	COM	17273K109	218	3,500	SH		SOLE		3,500	0	0
CMS ENERGY CORP	COM	125896100	632	24,000	SH		SOLE		24,000	0	0
COMMERCIAL METALS CO	COM	201723103	847	50,000	SH		SOLE		50,000	0	0
CON-WAY INC	COM	205944101	431	10,000	SH		SOLE		10,000	0	0
CROSSTEX ENERGY L P	COM	22765U102	42,707	2,146,100	SH		SOLE		2,146,100	0	0
CSX CORP	COM	126408103	515	20,000	SH		SOLE		20,000	0	0
CUSHING MLP TOTAL RETURN FD	COM SHS	231631102	122	15,288	SH		SOLE		15,288	0	0
CUSHING RTY & INCOME FD	COM SH BEN INT	23164R104	171	10,053	SH		SOLE		10,053	0	0
DCP MIDSTREAM PARTNERS LP	COM UT LTD PTN	23311P100	746	13,600	SH		SOLE		13,600	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	8,474	277,006	SH		SOLE		277,006	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	6,558	274,389	SH		SOLE		274,389	0	0
DOW CHEM CO	COM	260543103	2,880	75,000	SH		SOLE		75,000	0	0
DRESSER-RAND GROUP INC	COM	261608103	1,916	30,700	SH		SOLE		30,700	0	0
DRIL-QUIP INC	COM	262037104	562	4,900	SH		SOLE		4,900	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	2,342	40,000	SH		SOLE		40,000	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	234	3,500	SH		SOLE		3,500	0	0
EASTMAN CHEM CO	COM	277432100	818	10,500	SH		SOLE		10,500	0	0
EL PASO PIPELINE PARTNERS L	COM UNIT LPI	283702108	23,413	551,823	SH		SOLE		551,823	0	0
EMERGE ENERGY SVCS LP	COM REP PARTN	29102H108	759	24,701	SH		SOLE		24,701	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	53,265	1,744,402	SH		SOLE		1,744,402	0	0
ENDURO RTY TR	TR UNIT	29269K100	629	50,000	SH		SOLE		50,000	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	97,066	1,424,974	SH		SOLE		1,424,974	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	83,833	1,563,243	SH		SOLE		1,563,243	0	0
ENERPLUS CORP	COM	292766102	10,179	613,548	SH		SOLE		613,548	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	64,174	1,013,200	SH		SOLE		1,013,200	0	0
EOG RES INC	COM	26875P101	1,422	8,400	SH		SOLE		8,400	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	22,390	407,918	SH		SOLE		407,918	0	0
EV ENERGY PARTNERS LP	COM UNITS	26926V107	6,492	175,029	SH		SOLE		175,029	0	0
EXTERRAN PARTNERS LP	COM UNITS	30225N105	4,577	157,400	SH		SOLE		157,400	0	0
FERRELLGAS PARTNERS L.P.	UNIT LTD PART	315293100	2,965	133,000	SH		SOLE		133,000	0	0
FLOWSERVE CORP	COM	34354P105	1,597	25,600	SH		SOLE		25,600	0	0
FLUOR CORP NEW	COM	343412102	3,200	45,100	SH		SOLE		45,100	0	0
FMC TECHNOLOGIES INC	COM	30249U101	1,330	24,000	SH		SOLE		24,000	0	0
FOSTER WHEELER AG	COM	H27178104	869	33,000	SH		SOLE		33,000	0	0
FRANKS INTL N V	COM	N33462107	1,077	36,000	SH		SOLE		36,000	0	0
GENESEE & WYO INC	CL A	371559105	2,966	31,900	SH		SOLE		31,900	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	78,813	1,532,630	SH		SOLE		1,532,630	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	1,883	50,000	SH		SOLE		50,000	0	0
GREENBRIER COS INC	COM	393657101	2,802	113,300	SH		SOLE		113,300	0	0
HALLIBURTON CO	COM	406216101	1,107	23,000	SH		SOLE		23,000	0	0
HOLLYFRONTIER CORP	COM	436106108	1,769	42,000	SH		SOLE		42,000	0	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	3,021	52,600	SH		SOLE		52,600	0	0
HUGOTON RTY TR TEX	UNIT BEN INT	444717102	3,411	456,687	SH		SOLE		456,687	0	0
INERGY L P	UNIT LTD PTNR	456615103	30,756	2,233,534	SH		SOLE		2,233,534	0	0
INERGY MIDSTREAM LP	U LTD PARTNERS	45671U106	16,101	729,204	SH		SOLE		729,204	0	0
ITC HLDGS CORP	COM	465685105	516	5,500	SH		SOLE		5,500	0	0
ITT CORP NEW	COM NEW	450911201	1,291	35,900	SH		SOLE		35,900	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	1,454	25,000	SH		SOLE		25,000	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	2,603	23,800	SH		SOLE		23,800	0	0
KBR INC	COM	48242W106	2,676	82,000	SH		SOLE		82,000	0	0
KINDER MORGAN ENERGY PARTNER	UT LTD PARTNER	494550106	1,616	15,901	SH		SOLE		15,901	0	0
KINDER MORGAN INC DEL	COM	49456B101	29,158	751,026	SH		SOLE		751,026	0	0
KINDER MORGAN MANAGEMENT LLC	SHS	49455U100	42,346	564,915	SH		SOLE		564,915	0	0
KIRBY CORP	COM	497266106	5,331	61,600	SH		SOLE		61,600	0	0
KNOT OFFSHORE PARTNERS LP	COM UNITS	Y48125101	2,088	86,800	SH		SOLE		86,800	0	0
LEGACY RESERVES LP	UNIT LP INT	524707304	27,830	1,029,975	SH		SOLE		1,029,975	0	0
LINCOLN ELEC HLDGS INC	COM	533900106	620	9,300	SH		SOLE		9,300	0	0
LINN ENERGY LLC	UNIT LTD LIAB	536020100	35,731	1,378,508	SH		SOLE		1,378,508	0	0
LRR ENERGY LP	COM	50214A104	3,512	220,482	SH		SOLE		220,482	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	8,353	114,065	SH		SOLE		114,065	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	56,389	951,768	SH		SOLE		951,768	0	0
MANITOWOC INC	COM	563571108	939	48,000	SH		SOLE		48,000	0	0
MARATHON PETE CORP	COM	56585A102	21,188	298,410	SH		SOLE		298,410	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	73,006	976,386	SH		SOLE		976,386	0	0
MEMORIAL PRODTN PARTNERS LP	COM U REP LTD	586048100	20,376	977,719	SH		SOLE		977,719	0	0
MID CON ENERGY PARTNERS LP	COM UNIT REPST	59560V109	20,883	893,206	SH		SOLE		893,206	0	0
MINE SAFETY APPLIANCES CO	COM	602720104	661	12,800	SH		SOLE		12,800	0	0
MPLX LP	COM UNIT REP LTD	55336V100	28,204	705,574	SH		SOLE		705,574	0	0
MRC GLOBAL INC	COM	55345K103	2,291	85,500	SH		SOLE		85,500	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	321	20,000	SH		SOLE		20,000	0	0
NATURAL RESOURCE PARTNERS L	COM UNIT L P	63900P103	12,365	649,081	SH		SOLE		649,081	0	0
NAVIOS MARITIME PARTNERS L P	UNIT LPI	Y62267102	3,660	250,000	SH		SOLE		250,000	0	0
NAVISTAR INTL CORP NEW	COM	63934E108	255	7,000	SH		SOLE		7,000	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	78,738	2,499,689	SH		SOLE		2,499,689	0	0
NISKA GAS STORAGE PARTNERS L	UNIT LTD LIABI	654678101	2,704	175,000	SH		SOLE		175,000	0	0
NOBLE ENERGY INC	COM	655044105	771	11,500	SH		SOLE		11,500	0	0
NORTHEAST UTILS	COM	664397106	536	13,000	SH		SOLE		13,000	0	0
NORTHERN TIER ENERGY LP	COM UN REPR PART	665826103	4,753	241,043	SH		SOLE		241,043	0	0
NORTHWEST NAT GAS CO	COM	667655104	1,469	35,000	SH		SOLE		35,000	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	28,704	713,161	SH		SOLE		713,161	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	2,006	89,400	SH		SOLE		89,400	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	2,105	22,500	SH		SOLE		22,500	0	0
OCI RES LP	COM UNIT LTD	67081B106	1,835	100,000	SH		SOLE		100,000	0	0
OILTANKING PARTNERS L P	UNIT LTD	678049107	8,958	174,750	SH		SOLE		174,750	0	0
ONEOK INC NEW	COM	682680103	81,492	1,490,214	SH		SOLE		1,490,214	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	17,546	329,311	SH		SOLE		329,311	0	0
PACIFIC COAST OIL TR	UNIT BEN INT	694103102	9,768	607,067	SH		SOLE		607,067	0	0
PETROLOGISTICS LP	UNIT LTD PTH INT	71672U101	3,169	265,000	SH		SOLE		265,000	0	0
PG&E CORP	COM	69331C108	1,228	30,000	SH		SOLE		30,000	0	0
PHILLIPS 66	COM	718546104	30,116	480,272	SH		SOLE		480,272	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	33,722	985,971	SH		SOLE		985,971	0	0
PINNACLE WEST CAP CORP	COM	723484101	794	14,500	SH		SOLE		14,500	0	0
PIONEER NAT RES CO	COM	723787107	566	3,000	SH		SOLE		3,000	0	0
PIONEER SOUTHWST ENRG PRTNR	UNIT LP INT	72388B106	884	19,976	SH		SOLE		19,976	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	66,047	1,207,589	SH		SOLE		1,207,589	0	0
PPL CORP	COM	69351T106	3,038	100,000	SH		SOLE		100,000	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	397	40,000	SH		SOLE		40,000	0	0
PVR PARTNERS L P	COM UNIT REPTG L	693665101	58,784	2,542,555	SH		SOLE		2,542,555	0	0
QEP MIDSTREAM PARTNERS LP	COM UNIT RP LTD	74735R115	22,512	887,391	SH		SOLE		887,391	0	0
QR ENERGY LP	UNIT LTD PRTNS	74734R108	27,587	1,694,514	SH		SOLE		1,694,514	0	0
QUALITY DISTR INC FLA	COM	74756M102	642	69,500	SH		SOLE		69,500	0	0
QUANTA SVCS INC	COM	74762E102	1,981	72,000	SH		SOLE		72,000	0	0
RANGE RES CORP	COM	75281A109	364	4,800	SH		SOLE		4,800	0	0
REGENCY ENERGY PARTNERS L P	COM UNITS L P	75885Y107	21,942	767,200	SH		SOLE		767,200	0	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	15,593	430,550	SH		SOLE		430,550	0	0
ROSETTA RESOURCES INC	COM	777779307	1,686	30,961	SH		SOLE		30,961	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	2,594	39,500	SH		SOLE		39,500	0	0
SABINE ROYALTY TR	UNIT BEN INT	785688102	975	19,173	SH		SOLE		19,173	0	0
SAIA INC	COM	78709Y105	873	28,000	SH		SOLE		28,000	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	449	46,000	SH		SOLE		46,000	0	0
SEADRILL PARTNERS LLC	COMUNIT REP LB	Y7545W109	1,992	61,000	SH		SOLE		61,000	0	0
SEMGROUP CORP	CL A	81663A105	25,939	422,651	SH		SOLE		422,651	0	0
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	382	25,000	SH		SOLE		25,000	0	0
SOUTHERN CO	COM	842587107	2,491	60,500	SH		SOLE		60,500	0	0
SPECTRA ENERGY CORP	COM	847560109	11,079	323,650	SH		SOLE		323,650	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	707	14,319	SH		SOLE		14,319	0	0
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	17,158	366,617	SH		SOLE		366,617	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	55,658	785,923	SH		SOLE		785,923	0	0
SWIFT TRANSN CO	CL A	87074U101	3,311	164,000	SH		SOLE		164,000	0	0
TARGA RES CORP	COM	87612G101	75,263	1,002,264	SH		SOLE		1,002,264	0	0
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	69,090	1,281,832	SH		SOLE		1,281,832	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	6,954	142,800	SH		SOLE		142,800	0	0
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	4,407	99,900	SH		SOLE		99,900	0	0
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	2,702	81,000	SH		SOLE		81,000	0	0
TESORO CORP	COM	881609101	3,386	77,000	SH		SOLE		77,000	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	58,894	963,831	SH		SOLE		963,831	0	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	595	47,500	SH		SOLE		47,500	0	0
TRINITY INDS INC	COM	896522109	3,070	67,700	SH		SOLE		67,700	0	0
UBS AG JERSEY BRANCH	2XMN ALR MLP INF	902664200	7,259	135,000	SH		SOLE		135,000	0	0
UBS AG JERSEY BRH	ALERIAN INFRST	902641646	6,988	180,000	SH		SOLE		180,000	0	0
UNITED RENTALS INC	COM	911363109	4,984	85,500	SH		SOLE		85,500	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	22,072	788,852	SH		SOLE		788,852	0	0
WABASH NATL CORP	COM	929566107	490	42,000	SH		SOLE		42,000	0	0
WABTEC CORP	COM	929740108	1,440	22,900	SH		SOLE		22,900	0	0
WALTER ENERGY INC	COM	93317Q105	281	20,000	SH		SOLE		20,000	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	23,458	584,532	SH		SOLE		584,532	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	50,947	803,071	SH		SOLE		803,071	0	0
WESTERN REFNG INC	COM	959319104	2,854	95,000	SH		SOLE		95,000	0	0
WESTLAKE CHEM CORP	COM	960413102	4,542	43,400	SH		SOLE		43,400	0	0
WILLIAMS COS INC DEL	COM	969457100	66,381	1,825,656	SH		SOLE		1,825,656	0	0
WILLIAMS PARTNERS L P	COM UNIT L P	96950F104	73,226	1,338,322	SH		SOLE		1,338,322	0	0
WORLD PT TERMS LP	UNIT REP LTD PT	98159G107	2,060	102,900	SH		SOLE		102,900	0	0