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

OMB APPROVAL

OMB Number:		3235-0006
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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
AIR PRODS & CHEMS INC	COM	009158106	3,346	26,224	SH		DFND	1	26,224	0	0
ALLIANCE HOLDINGS GP LP	COM UNITS LP	01861G100	3,433	110,900	SH		SOLE		110,900	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	1,038	93,700	SH		SOLE		93,700	0	0
AMERIGAS PARTNERS L P	UNIT L P INT	030975106	2,137	51,450	SH		SOLE		51,450	0	0
ANADARKO PETE CORP	COM	032511107	4,729	78,300	SH		DFND	1	78,300	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	4,465	250,015	SH		DFND	1	250,015	0	0
AXALTA COATING SYS LTD	COM	G0750C108	7,688	303,399	SH		DFND	1	303,399	0	0
BAKER HUGHES INC	COM	057224107	520	10,001	SH		SOLE		10,001	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	26,094	4,618,484	SH		DFND	1	4,618,484	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	6,335	106,880	SH		SOLE		106,880	0	0
CALPINE CORP	COM NEW	131347304	1,830	125,365	SH		SOLE		125,365	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	4,856	200,000	SH		SOLE		200,000	0	0
CANADIAN PAC RY LTD	COM	13645T100	4,937	34,384	SH		DFND	1	34,384	0	0
CAPITAL PRODUCT PARTNERS L P	COM UNIT LP	Y11082107	48,806	7,923,073	SH		DFND	1	7,923,073	0	0
CELADON GROUP INC	COM	150838100	315	19,653	SH		SOLE		19,653	0	0
CENOVUS ENERGY INC	COM	15135U109	2,893	190,850	SH		DFND	1	190,850	0	0
CENTERPOINT ENERGY INC	COM	15189T107	3,012	166,965	SH		SOLE		166,965	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	12,593	260,729	SH		DFND	1	260,729	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	6,058	230,000	SH		SOLE		230,000	0	0
CHEVRON CORP NEW	COM	166764100	6,092	77,230	SH		DFND	1	77,230	0	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	492	12,409	SH		SOLE		12,409	0	0
COLUMBIA PIPELINE GROUP INC	COM	198280109	12,509	683,938	SH		DFND	1	683,938	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	6,029	476,246	SH		SOLE		476,246	0	0
CONCHO RES INC	COM	20605P101	574	5,835	SH		SOLE		5,835	0	0
CONOCOPHILLIPS	COM	20825C104	5,729	119,452	SH		DFND	1	119,452	0	0
CREDIT SUISSE NASSAU BRH	X LINK CUSH MLP	22542D852	624	30,400	SH		SOLE		30,400	0	0
CRESTWOOD MIDSTREAM PARTNERS	UNIT LTD PARTNER	226378107	2,217	358,800	SH		SOLE		358,800	0	0
CSX CORP	COM	126408103	7,913	294,164	SH		DFND	1	294,164	0	0
DCP MIDSTREAM PARTNERS LP	COM UT LTD PTN	23311P100	14,263	589,850	SH		DFND	1	589,850	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	3,745	124,000	SH		SOLE		124,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	3,674	99,053	SH		DFND	1	99,053	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	524	8,111	SH		SOLE		8,111	0	0
DOMINION MIDSTREAM PARTNERS	COM UT REP LTD	257454108	20,193	752,040	SH		DFND	1	752,040	0	0
DOMINION RES INC VA NEW	COM	25746U109	16,833	239,180	SH		DFND	1	239,180	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	7,734	534,831	SH		DFND	1	534,831	0	0
DOW CHEM CO	COM	260543103	17,712	417,740	SH		DFND	1	417,740	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	17,045	1,348,484	SH		DFND	1	1,348,484	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	3,542	148,945	SH		SOLE		148,945	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	40,588	1,641,885	SH		DFND	1	1,641,885	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	113,233	5,441,271	SH		DFND	1	5,441,271	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	120,414	2,931,918	SH		DFND	1	2,931,918	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	48,267	3,062,630	SH		DFND	1	3,062,630	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	126,475	5,079,338	SH		DFND	1	5,079,338	0	0
EOG RES INC	COM	26875P101	5,564	76,424	SH		DFND	1	76,424	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	18,911	831,608	SH		DFND	1	831,608	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	101,438	1,529,300	SH		DFND	1	1,529,300	0	0
EURONAV NV ANTWERPEN	SHS	B38564108	934	67,216	SH		SOLE		67,216	0	0
EV ENERGY PARTNERS LP	COM UNITS	26926V107	8,645	1,440,774	SH		DFND	1	1,440,774	0	0
EXELON CORP	COM	30161N101	2,227	75,000	SH		SOLE		75,000	0	0
EXXON MOBIL CORP	COM	30231G102	4,446	59,800	SH		DFND	1	59,800	0	0
FLOWSERVE CORP	COM	34354P105	6	41,400	SH	Call	SOLE		41,400	0	0
FMC TECHNOLOGIES INC	COM	30249U101	961	31,010	SH		SOLE		31,010	0	0
FORTRESS TRANS INFRST INVS L	COM REP LTD LIAB	34960P101	3,091	240,908	SH		DFND	1	240,908	0	0
GASLOG LTD	SHS	G37585109	7,221	750,612	SH		DFND	1	750,612	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	6,177	382,934	SH		DFND	1	382,934	0	0
GENER8 MARITIME INC	COM	Y26889108	849	77,564	SH		SOLE		77,564	0	0
GENERAL ELECTRIC CO	COM	369604103	3,696	146,569	SH		DFND	1	146,569	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	105,611	2,754,593	SH		DFND	1	2,754,593	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	36,957	1,325,587	SH		DFND	1	1,325,587	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	24,346	1,659,546	SH		DFND	1	1,659,546	0	0
GREENBRIER COS INC	COM	393657101	2,844	88,589	SH		DFND	1	88,589	0	0
HOEGH LNG PARTNERS LP	COM UNIT LTD	Y3262R100	834	51,339	SH		DFND	1	51,339	0	0
HOLLYFRONTIER CORP	COM	436106108	81	31,000	SH	Call	SOLE		31,000	0	0
HOLLYFRONTIER CORP	COM	436106108	3,663	75,000	SH		SOLE		75,000	0	0
HUNT J B TRANS SVCS INC	COM	445658107	3,129	43,824	SH		DFND	1	43,824	0	0
ITT CORP NEW	COM NEW	450911201	7,250	216,871	SH		DFND	1	216,871	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	4,534	121,134	SH		DFND	1	121,134	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	818	8,998	SH		SOLE		8,998	0	0
KINDER MORGAN INC DEL	COM	49456B101	113,184	4,089,001	SH		DFND	1	4,089,001	0	0
KIRBY CORP	COM	497266106	2,563	41,365	SH		DFND	1	41,365	0	0
LEGACY RESVS LP	UNIT LP INT	524707304	7,883	1,927,354	SH		DFND	1	1,927,354	0	0
LINCOLN ELEC HLDGS INC	COM	533900106	1,859	35,451	SH		DFND	1	35,451	0	0
LINNCO LLC	COM SHS LTD INT	535782106	126	139,600	SH	Put	SOLE		139,600	0	0
LRR ENERGY LP	COM	50214A104	983	243,260	SH		DFND	1	243,260	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	14,439	173,213	SH		DFND	1	173,213	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	53,090	883,223	SH		DFND	1	883,223	0	0
MANITOWOC INC	COM	563571108	160	10,645	SH		SOLE		10,645	0	0
MARATHON PETE CORP	COM	56585A102	14,308	308,832	SH		DFND	1	308,832	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	62,044	1,445,923	SH		DFND	1	1,445,923	0	0
MEMORIAL PRODTN PARTNERS LP	COM U REP LTD	586048100	7,317	1,521,136	SH		DFND	1	1,521,136	0	0
MID CON ENERGY PARTNERS LP	COM UNIT REPST	59560V109	1,581	735,531	SH		DFND	1	735,531	0	0
MOBILE MINI INC	COM	60740F105	1,895	61,559	SH		DFND	1	61,559	0	0
MPLX LP	COM UNIT REP LTD	55336V100	15,798	413,450	SH		DFND	1	413,450	0	0
NAVIGATOR HOLDINGS LTD	SHS	Y62132108	1,514	113,400	SH		SOLE		113,400	0	0
NAVIOS MARITIME PARTNERS L P	UNIT LPI	Y62267102	13,968	1,916,000	SH		DFND	1	1,916,000	0	0
NEFF CORP	COM CL A	640094207	1,922	343,796	SH		DFND	1	343,796	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	545	25,000	SH		SOLE		25,000	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	57,135	2,861,022	SH		DFND	1	2,861,022	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	53,007	1,182,685	SH		DFND	1	1,182,685	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	3,403	127,300	SH		SOLE		127,300	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	6,122	92,550	SH		DFND	1	92,550	0	0
OLD DOMINION FGHT LINES INC	COM	679580100	7,179	117,680	SH		DFND	1	117,680	0	0
ONEOK INC NEW	COM	682680103	30,189	937,550	SH		DFND	1	937,550	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	39,667	1,355,680	SH		DFND	1	1,355,680	0	0
PHILLIPS 66	COM	718546104	31,504	410,002	SH		DFND	1	410,002	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	19,275	391,219	SH		DFND	1	391,219	0	0
PIONEER NAT RES CO	COM	723787107	4,680	38,476	SH		DFND	1	38,476	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	61,389	2,020,715	SH		DFND	1	2,020,715	0	0
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	42,676	2,438,650	SH		DFND	1	2,438,650	0	0
POLYONE CORP	COM	73179P106	2,869	97,775	SH		SOLE		97,775	0	0
PPG INDS INC	COM	693506107	5,795	66,089	SH		DFND	1	66,089	0	0
PPL CORP	COM	69351T106	3,125	95,000	SH		SOLE		95,000	0	0
QUANTA SVCS INC	COM	74762E102	221	9,115	SH		SOLE		9,115	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	265	19,888	SH		SOLE		19,888	0	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	6,739	276,870	SH		SOLE		276,870	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	3,238	68,320	SH		DFND	1	68,320	0	0
RSP PERMIAN INC	COM	74978Q105	8,249	407,354	SH		DFND	1	407,354	0	0
RYDER SYS INC	COM	783549108	11,261	152,098	SH		DFND	1	152,098	0	0
SEADRILL PARTNERS LLC	COMUNIT REP LB	Y7545W109	1,303	138,579	SH		DFND	1	138,579	0	0
SEALED AIR CORP NEW	COM	81211K100	19,976	426,116	SH		DFND	1	426,116	0	0
SEMGROUP CORP	CL A	81663A105	17,591	406,835	SH		DFND	1	406,835	0	0
SEMPRA ENERGY	COM	816851109	19,035	196,802	SH		DFND	1	196,802	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	62,227	2,114,408	SH		DFND	1	2,114,408	0	0
SHERWIN WILLIAMS CO	COM	824348106	14,461	64,913	SH		DFND	1	64,913	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	2,451	60,950	SH		SOLE		60,950	0	0
STATOIL ASA	SPONSORED ADR	85771P102	3,786	260,000	SH		SOLE		260,000	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	105,767	3,690,391	SH		DFND	1	3,690,391	0	0
SWIFT TRANSN CO	CL A	87074U101	6,118	407,345	SH		DFND	1	407,345	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	12,493	628,740	SH		DFND	1	628,740	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	11,435	291,050	SH		SOLE		291,050	0	0
TARGA RES CORP	COM	87612G101	54,596	1,059,705	SH		DFND	1	1,059,705	0	0
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	54,163	1,865,110	SH		DFND	1	1,865,110	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	5,762	121,028	SH		SOLE		121,028	0	0
TEEKAY CORPORATION	COM	Y8564W103	53,083	1,790,936	SH		DFND	1	1,790,936	0	0
TEEKAY CORPORATION	COM	Y8564W103	0	62,000	SH	Call	SOLE		62,000	0	0
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	3,613	251,080	SH		DFND	1	251,080	0	0
TESORO CORP	COM	881609101	9,241	95,037	SH		DFND	1	95,037	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	89,886	1,997,465	SH		DFND	1	1,997,465	0	0
TETRA TECH INC NEW	COM	88162G103	528	21,709	SH		SOLE		21,709	0	0
TOTAL S A	SPONSORED ADR	89151E109	5,902	132,000	SH		SOLE		132,000	0	0
UNION PAC CORP	COM	907818108	1	18,600	SH	Call	SOLE		18,600	0	0
UNITED RENTALS INC	COM	911363109	1,306	21,743	SH		DFND	1	21,743	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,928	82,004	SH		DFND	1	82,004	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	18,380	416,205	SH		DFND	1	416,205	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	10,924	1,437,351	SH		DFND	1	1,437,351	0	0
VIPER ENERGY PARTNERS LP	COM UNT RP INT	92763M105	229	16,000	SH		DFND	1	16,000	0	0
VTTI ENERGY PARTNERS LP	COM UNIT RP LT	Y9384M101	10,331	527,881	SH		SOLE		527,881	0	0
WABCO HLDGS INC	COM	92927K102	1,474	14,065	SH		DFND	1	14,065	0	0
WABTEC CORP	COM	929740108	17,635	200,284	SH		DFND	1	200,284	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	341	40,217	SH		SOLE		40,217	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	20,910	530,315	SH		DFND	1	530,315	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	40,481	864,601	SH		DFND	1	864,601	0	0
WESTERN REFNG LOGISTICS LP	COM UNIT REP LTP	95931Q205	4,023	192,775	SH		SOLE		192,775	0	0
WESTLAKE CHEM CORP	COM	960413102	12,842	247,481	SH		DFND	1	247,481	0	0
WESTLAKE CHEM PARTNERS LP	COM UNIT RP LP	960417103	247	14,100	SH		SOLE		14,100	0	0
WILLIAMS COS INC DEL	COM	969457100	36,816	999,090	SH		DFND	1	999,090	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	78,256	2,451,635	SH		DFND	1	2,451,635	0	0
WORLD PT TERMS LP	UNIT REP LTD PT	98159G107	1,286	96,000	SH		SOLE		96,000	0	0
XPO LOGISTICS INC	COM	983793100	7,040	295,415	SH		DFND	1	295,415	0	0