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
ALLIANCE HOLDINGS GP LP	COM UNITS LP	01861G100	1,952	96,750	SH		DFND	1	96,750	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	2,236	86,354	SH		DFND	1	86,354	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	609	75,300	SH		SOLE		75,300	0	0
AMERIGAS PARTNERS L P	UNIT L P INT	030975106	1,763	51,450	SH		SOLE		51,450	0	0
ANADARKO PETE CORP	COM	032511107	3,850	79,253	SH		DFND	1	79,253	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	8,278	362,750	SH		DFND	1	362,750	0	0
AXALTA COATING SYS LTD	COM	G0750C108	6,147	230,651	SH		DFND	1	230,651	0	0
BAKER HUGHES INC	COM	057224107	7,915	171,504	SH		DFND	1	171,504	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	25,956	4,618,484	SH		DFND	1	4,618,484	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	23,766	360,306	SH		SOLE		360,306	0	0
CALPINE CORP	COM NEW	131347304	1,664	115,000	SH		SOLE		115,000	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	4,380	220,000	SH		SOLE		220,000	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	102	93,000	SH	Call	SOLE		93,000	0	0
CAPITAL PRODUCT PARTNERS L P	COM UNIT LP	Y11082107	43,810	7,936,624	SH		DFND	1	7,936,624	0	0
CENOVUS ENERGY INC	COM	15135U109	2,225	176,290	SH		DFND	1	176,290	0	0
CENTERPOINT ENERGY INC	COM	15189T107	7,472	406,961	SH		DFND	1	406,961	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	11,900	319,485	SH		DFND	1	319,485	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	4,302	165,000	SH		SOLE		165,000	0	0
CHEVRON CORP NEW	COM	166764100	6,288	69,900	SH		DFND	1	69,900	0	0
CIMAREX ENERGY CO	COM	171798101	9,373	104,871	SH		DFND	1	104,871	0	0
COLUMBIA PIPELINE GROUP INC	COM	198280109	23,496	1,174,790	SH		DFND	1	1,174,790	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	8,933	511,016	SH		SOLE		511,016	0	0
CONCHO RES INC	COM	20605P101	5,492	59,148	SH		DFND	1	59,148	0	0
CONOCOPHILLIPS	COM	20825C104	4,651	99,612	SH		DFND	1	99,612	0	0
CREDIT SUISSE NASSAU BRH	X LINK CUSH MLP	22542D852	3,530	189,702	SH		SOLE		189,702	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	3,408	164,000	SH		SOLE		164,000	0	0
CSX CORP	COM	126408103	56	75,400	SH	Call	SOLE		75,400	0	0
DCP MIDSTREAM PARTNERS LP	COM UT LTD PTN	23311P100	14,058	569,850	SH		DFND	1	569,850	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	4,426	124,000	SH		SOLE		124,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	3,058	95,563	SH		DFND	1	95,563	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	1,619	24,203	SH		DFND	1	24,203	0	0
DOMINION MIDSTREAM PARTNERS	COM UT REP LTD	257454108	24,604	802,455	SH		DFND	1	802,455	0	0
DOMINION RES INC VA NEW	COM	25746U109	12,016	177,646	SH		DFND	1	177,646	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	5,001	505,631	SH		DFND	1	505,631	0	0
DOW CHEM CO	COM	260543103	8,299	161,195	SH		DFND	1	161,195	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	9,224	1,002,637	SH		DFND	1	1,002,637	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	3,397	152,148	SH		SOLE		152,148	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	62,371	2,703,539	SH		DFND	1	2,703,539	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	317	1,178,800	SH	Call	SOLE		1,178,800	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	93,419	6,799,078	SH		DFND	1	6,799,078	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	115,607	3,427,415	SH		DFND	1	3,427,415	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	310	310,000	SH	Call	SOLE		310,000	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	53,670	3,236,998	SH		DFND	1	3,236,998	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	115,481	4,514,503	SH		DFND	1	4,514,503	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	567	454,000	SH	Call	SOLE		454,000	0	0
EOG RES INC	COM	26875P101	4,687	66,209	SH		DFND	1	66,209	0	0
EQT CORP	COM	26884L109	1,043	20,000	SH		SOLE		20,000	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	16,716	805,195	SH		DFND	1	805,195	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	104,675	1,387,160	SH		DFND	1	1,387,160	0	0
EXELON CORP	COM	30161N101	5,921	213,224	SH		DFND	1	213,224	0	0
EXXON MOBIL CORP	COM	30231G102	4,671	59,920	SH		DFND	1	59,920	0	0
FLOWSERVE CORP	COM	34354P105	2	43,400	SH	Call	SOLE		43,400	0	0
FORTRESS TRANS INFRST INVS L	COM REP LTD LIAB	34960P101	2,872	255,075	SH		DFND	1	255,075	0	0
GASLOG LTD	SHS	G37585109	3,487	420,155	SH		DFND	1	420,155	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	6,424	451,775	SH		DFND	1	451,775	0	0
GENER8 MARITIME INC	COM	Y26889108	2,108	223,110	SH		DFND	1	223,110	0	0
GENERAL ELECTRIC CO	COM	369604103	5,706	183,168	SH		DFND	1	183,168	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	104,625	2,847,705	SH		DFND	1	2,847,705	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	3,473	219,963	SH		DFND	1	219,963	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	2,542	189,966	SH		DFND	1	189,966	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	930	53,193	SH		SOLE		53,193	0	0
HELMERICH & PAYNE INC	COM	423452101	30	43,400	SH	Put	SOLE		43,400	0	0
HOEGH LNG PARTNERS LP	COM UNIT LTD	Y3262R100	956	51,339	SH		DFND	1	51,339	0	0
HOLLYFRONTIER CORP	COM	436106108	5,814	145,750	SH		DFND	1	145,750	0	0
ITT CORP NEW	COM NEW	450911201	1,342	36,957	SH		DFND	1	36,957	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	400	13,800	SH		SOLE		13,800	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	14	1,416,900	SH	Call	SOLE		1,416,900	0	0
KINDER MORGAN INC DEL	COM	49456B101	1	62,000	SH	Call	SOLE		62,000	0	0
KINDER MORGAN INC DEL	COM	49456B101	188	12,602	SH		DFND	1	12,602	0	0
KIRBY CORP	COM	497266106	3,562	67,693	SH		DFND	1	67,693	0	0
LEGACY RESVS LP	UNIT LP INT	524707304	407	232,434	SH		DFND	1	232,434	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	17,059	196,309	SH		DFND	1	196,309	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	75,033	1,104,732	SH		DFND	1	1,104,732	0	0
MARATHON PETE CORP	COM	56585A102	15,106	291,406	SH		DFND	1	291,406	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	3,205	23,467	SH		DFND	1	23,467	0	0
MEMORIAL PRODTN PARTNERS LP	COM U REP LTD	586048100	463	175,536	SH		DFND	1	175,536	0	0
METHANEX CORP	COM	59151K108	1,558	47,192	SH		DFND	1	47,192	0	0
MID CON ENERGY PARTNERS LP	COM UNIT REPST	59560V109	231	202,601	SH		DFND	1	202,601	0	0
MPLX LP	COM UNIT REP LTD	55336V100	105,006	2,669,869	SH		DFND	1	2,669,869	0	0
MRC GLOBAL INC	COM	55345K103	558	43,225	SH		SOLE		43,225	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	816	95,864	SH		SOLE		95,864	0	0
NEFF CORP	COM CL A	640094207	2,714	354,307	SH		DFND	1	354,307	0	0
NEWFIELD EXPL CO	COM	651290108	1,869	57,407	SH		DFND	1	57,407	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	13,366	1,210,667	SH		DFND	1	1,210,667	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	50,205	1,251,978	SH		DFND	1	1,251,978	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	5,466	80,840	SH		DFND	1	80,840	0	0
OLD DOMINION FGHT LINES INC	COM	679580100	2,617	44,311	SH		DFND	1	44,311	0	0
ONEOK INC NEW	COM	682680103	27,469	1,113,895	SH		DFND	1	1,113,895	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	88,958	2,952,460	SH		DFND	1	2,952,460	0	0
PBF ENERGY INC	CL A	69318G106	368	10,000	SH		SOLE		10,000	0	0
PENNTEX MIDSTREAM PARTNERS L	COM UNIT LTD	709311104	335	25,900	SH		SOLE		25,900	0	0
PHILLIPS 66	COM	718546104	25,695	314,113	SH		DFND	1	314,113	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	31,520	513,361	SH		DFND	1	513,361	0	0
PIONEER NAT RES CO	COM	723787107	4,661	37,176	SH		DFND	1	37,176	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	81,418	3,524,616	SH		DFND	1	3,524,616	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	139	450,000	SH	Call	SOLE		450,000	0	0
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	14,056	1,487,450	SH		DFND	1	1,487,450	0	0
POLYONE CORP	COM	73179P106	3,050	96,035	SH		SOLE		96,035	0	0
PPG INDS INC	COM	693506107	4,766	48,226	SH		DFND	1	48,226	0	0
PPL CORP	COM	69351T106	3,413	100,000	SH		SOLE		100,000	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	1,488	110,300	SH		SOLE		110,300	0	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	1,841	122,383	SH		SOLE		122,383	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	3,137	68,510	SH		DFND	1	68,510	0	0
RPC INC	COM	749660106	588	49,184	SH		SOLE		49,184	0	0
RSP PERMIAN INC	COM	74978Q105	286	11,735	SH		SOLE		11,735	0	0
RYDER SYS INC	COM	783549108	5,882	103,497	SH		DFND	1	103,497	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	249	31,016	SH		SOLE		31,016	0	0
SEALED AIR CORP NEW	COM	81211K100	13,904	311,745	SH		DFND	1	311,745	0	0
SEMGROUP CORP	CL A	81663A105	9,004	312,000	SH		DFND	1	312,000	0	0
SEMPRA ENERGY	COM	816851109	13,976	148,665	SH		DFND	1	148,665	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	103,907	2,502,581	SH		DFND	1	2,502,581	0	0
SHERWIN WILLIAMS CO	COM	824348106	5,432	20,925	SH		DFND	1	20,925	0	0
SPECTRA ENERGY CORP	COM	847560109	1,268	52,950	SH		SOLE		52,950	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	25,107	526,350	SH		DFND	1	526,350	0	0
STATOIL ASA	SPONSORED ADR	85771P102	3,839	275,000	SH		SOLE		275,000	0	0
STEEL DYNAMICS INC	COM	858119100	462	25,846	SH		SOLE		25,846	0	0
SUMMIT MATLS INC	CL A	86614U100	3,651	182,198	SH		DFND	1	182,198	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	523	27,900	SH		SOLE		27,900	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	106,684	4,151,134	SH		DFND	1	4,151,134	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	44	73,300	SH	Call	SOLE		73,300	0	0
SWIFT TRANSN CO	CL A	87074U101	4,825	349,174	SH		DFND	1	349,174	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	9,274	580,720	SH		DFND	1	580,720	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	9,503	230,600	SH		SOLE		230,600	0	0
TARGA RES CORP	COM	87612G101	35,622	1,316,400	SH		DFND	1	1,316,400	0	0
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	19,586	1,184,871	SH		DFND	1	1,184,871	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	6,710	134,980	SH		SOLE		134,980	0	0
TEEKAY CORPORATION	COM	Y8564W103	3	55,800	SH	Call	SOLE		55,800	0	0
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	1,620	250,000	SH		DFND	1	250,000	0	0
TEEKAY TANKERS LTD	CL A	Y8565N102	1,067	155,091	SH		SOLE		155,091	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	90,876	1,805,964	SH		DFND	1	1,805,964	0	0
THERMON GROUP HLDGS INC	COM	88362T103	446	26,364	SH		SOLE		26,364	0	0
TOTAL S A	SPONSORED ADR	89151E109	5,259	117,000	SH		SOLE		117,000	0	0
UNITED STATES STL CORP NEW	COM	912909108	165	20,688	SH		SOLE		20,688	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	11	24,800	SH	Put	SOLE		24,800	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	23,662	458,485	SH		DFND	1	458,485	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	788	264,544	SH		DFND	1	264,544	0	0
VERMILION ENERGY INC	COM	923725105	2,765	101,880	SH		DFND	1	101,880	0	0
VIPER ENERGY PARTNERS LP	COM UNT RP INT	92763M105	223	16,000	SH		DFND	1	16,000	0	0
VTTI ENERGY PARTNERS LP	COM UNIT RP LT	Y9384M101	14,392	694,270	SH		SOLE		694,270	0	0
VULCAN MATLS CO	COM	929160109	5,609	59,060	SH		DFND	1	59,060	0	0
WABTEC CORP	COM	929740108	6,313	88,770	SH		DFND	1	88,770	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	4,724	563,066	SH		DFND	1	563,066	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	13	217,200	SH	Call	SOLE		217,200	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	19,943	549,525	SH		DFND	1	549,525	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	39,548	832,056	SH		DFND	1	832,056	0	0
WESTERN REFNG LOGISTICS LP	COM UNIT REP LTP	95931Q205	4,461	181,875	SH		SOLE		181,875	0	0
WESTLAKE CHEM CORP	COM	960413102	15,620	287,549	SH		DFND	1	287,549	0	0
WILLIAMS COS INC DEL	COM	969457100	26,023	1,011,001	SH		DFND	1	1,011,001	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	51,622	1,853,570	SH		DFND	1	1,853,570	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	331	230,000	SH	Call	SOLE		230,000	0	0
WORLD PT TERMS LP	UNIT REP LTD PT	98159G107	348	26,000	SH		SOLE		26,000	0	0
XPO LOGISTICS INC	COM	983793100	7,482	274,572	SH		DFND	1	274,572	0	0