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
Expires:	Oct 31, 2018
Estimated average burden
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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
ALBEMARLE CORP	COM	012653101	736	9,286	SH		SOLE		9,286	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	336	11,879	SH		SOLE		11,879	0	0
ANADARKO PETE CORP	COM	032511107	2,306	43,300	SH		DFND	1	43,300	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	23,427	840,611	SH		DFND	1	840,611	0	0
ANTERO RES CORP	COM	03674X106	4,471	172,112	SH		DFND	1	172,112	0	0
ATWOOD OCEANICS INC	COM	050095108	43	433,700	SH	Put	SOLE		433,700	0	0
AXALTA COATING SYS LTD	COM	G0750C108	112	247,800	SH	Call	SOLE		247,800	0	0
AXALTA COATING SYS LTD	COM	G0750C108	8,156	307,417	SH		DFND	1	307,417	0	0
BAKER HUGHES INC	COM	057224107	4,990	110,571	SH		DFND	1	110,571	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	19,626	3,759,695	SH		DFND	1	3,759,695	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	13,614	780,141	SH		SOLE		780,141	0	0
BP PLC	SPONSORED ADR	055622104	8,524	240,058	SH		DFND	1	240,058	0	0
BRISTOW GROUP INC	COM	110394103	706	61,905	SH		SOLE		61,905	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	28,473	404,850	SH		DFND	1	404,850	0	0
CANADIAN PAC RY LTD	COM	13645T100	664	5,159	SH		SOLE		5,159	0	0
CARBO CERAMICS INC	COM	140781105	21	217,000	SH	Call	SOLE		217,000	0	0
CELANESE CORP DEL	COM SER A	150870103	3,105	47,447	SH		DFND	1	47,447	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	16,777	446,793	SH		DFND	1	446,793	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	4,497	150,000	SH		SOLE		150,000	0	0
CHEVRON CORP NEW	COM	166764100	7,275	69,400	SH		DFND	1	69,400	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	7,071	471,384	SH		SOLE		471,384	0	0
CONTINENTAL RESOURCES INC	COM	212015101	701	15,477	SH		SOLE		15,477	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	24,192	1,200,000	SH		DFND	1	1,200,000	0	0
CSX CORP	COM	126408103	9,575	367,161	SH		DFND	1	367,161	0	0
DCP MIDSTREAM PARTNERS LP	COM UT LTD PTN	23311P100	40,633	1,178,100	SH		DFND	1	1,178,100	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	2,404	90,000	SH		SOLE		90,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	8,418	232,220	SH		DFND	1	232,220	0	0
DOMINION MIDSTREAM PARTNERS	COM UT REP LTD	257454108	22,179	788,476	SH		DFND	1	788,476	0	0
DOMINION RES INC VA NEW	COM	25746U109	3,278	42,065	SH		SOLE		42,065	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	978	67,821	SH		DFND	1	67,821	0	0
DYNEGY INC NEW DEL	COM	26817R108	2,265	131,406	SH		DFND	1	131,406	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	7,289	539,500	SH		SOLE		539,500	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	4,081	177,359	SH		SOLE		177,359	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	87,858	3,786,993	SH		DFND	1	3,786,993	0	0
ENERGEN CORP	COM	29265N108	5,703	118,291	SH		DFND	1	118,291	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	46,403	3,229,133	SH		DFND	1	3,229,133	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	124	61,900	SH	Call	SOLE		61,900	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	165,880	4,357,238	SH		DFND	1	4,357,238	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	23,726	1,491,314	SH		DFND	1	1,491,314	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	78,505	4,720,657	SH		DFND	1	4,720,657	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	148,248	5,066,570	SH		DFND	1	5,066,570	0	0
EOG RES INC	COM	26875P101	4,477	53,659	SH		DFND	1	53,659	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	25,509	1,000,740	SH		DFND	1	1,000,740	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	103,987	1,294,978	SH		DFND	1	1,294,978	0	0
EXELON CORP	COM	30161N101	3,636	100,000	SH		SOLE		100,000	0	0
EXTERRAN CORP	COM	30227H106	1,045	81,355	SH		DFND	1	81,355	0	0
EXXON MOBIL CORP	COM	30231G102	7,405	79,000	SH		DFND	1	79,000	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	9	123,900	SH	Put	SOLE		123,900	0	0
FLOWSERVE CORP	COM	34354P105	6,107	135,211	SH		DFND	1	135,211	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	460	41,318	SH		SOLE		41,318	0	0
GASLOG LTD	SHS	G37585109	1,655	127,476	SH		DFND	1	127,476	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	5,876	309,556	SH		DFND	1	309,556	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	101,637	2,648,856	SH		DFND	1	2,648,856	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	19,403	1,251,810	SH		DFND	1	1,251,810	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	433	325,400	SH	Call	SOLE		325,400	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	34,949	1,906,655	SH		DFND	1	1,906,655	0	0
GRACE W R & CO DEL NEW	COM	38388F108	3,111	42,500	SH		SOLE		42,500	0	0
HESS CORP	COM	42809H107	2,445	40,685	SH		DFND	1	40,685	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	1,648	303,365	SH		DFND	1	303,365	0	0
ITT INC	COM	45073V108	9,459	295,779	SH		DFND	1	295,779	0	0
JOY GLOBAL INC	COM	481165108	221	216,600	SH	Put	SOLE		216,600	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	558	6,195	SH		SOLE		6,195	0	0
KINDER MORGAN INC DEL	COM	49456B101	5,392	288,078	SH		DFND	1	288,078	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	2,443	50,000	SH		DFND	1	50,000	0	0
KNIGHT TRANSN INC	COM	499064103	3,488	131,226	SH		DFND	1	131,226	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	7,987	107,322	SH		DFND	1	107,322	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	59,634	784,662	SH		DFND	1	784,662	0	0
MARATHON PETE CORP	COM	56585A102	8,313	218,993	SH		DFND	1	218,993	0	0
MATADOR RES CO	COM	576485205	1,881	95,000	SH		SOLE		95,000	0	0
MPLX LP	COM UNIT REP LTD	55336V100	92,977	2,764,722	SH		DFND	1	2,764,722	0	0
MRC GLOBAL INC	COM	55345K103	5,133	361,287	SH		DFND	1	361,287	0	0
NEWFIELD EXPL CO	COM	651290108	3,763	85,165	SH		DFND	1	85,165	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	154,659	8,005,111	SH		DFND	1	8,005,111	0	0
NOBLE ENERGY INC	COM	655044105	1,865	52,000	SH		DFND	1	52,000	0	0
NORFOLK SOUTHERN CORP	COM	655844108	5,781	67,903	SH		DFND	1	67,903	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	43,686	877,240	SH		DFND	1	877,240	0	0
OASIS PETE INC NEW	COM	674215108	126	433,700	SH	Call	SOLE		433,700	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	9,226	122,100	SH		DFND	1	122,100	0	0
OLD DOMINION FGHT LINES INC	COM	679580100	5,261	87,226	SH		DFND	1	87,226	0	0
ONEOK INC NEW	COM	682680103	47,140	993,474	SH		DFND	1	993,474	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	64,139	1,601,075	SH		DFND	1	1,601,075	0	0
PBF ENERGY INC	CL A	69318G106	4,099	172,391	SH		DFND	1	172,391	0	0
PDC ENERGY INC	COM	69327R101	4,048	70,259	SH		DFND	1	70,259	0	0
PENNTEX MIDSTREAM PARTNERS L	COM UNIT LTD	709311104	268	17,200	SH		SOLE		17,200	0	0
PENTAIR PLC	SHS	G7S00T104	8,348	143,205	SH		DFND	1	143,205	0	0
PHILLIPS 66	COM	718546104	10,255	129,256	SH		DFND	1	129,256	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	27,794	497,486	SH		DFND	1	497,486	0	0
PIONEER NAT RES CO	COM	723787107	17,827	117,896	SH		DFND	1	117,896	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	34,915	1,270,100	SH		DFND	1	1,270,100	0	0
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	23,071	2,212,000	SH		DFND	1	2,212,000	0	0
PPG INDS INC	COM	693506107	2,187	20,994	SH		DFND	1	20,994	0	0
RANGE RES CORP	COM	75281A109	6,380	147,901	SH		DFND	1	147,901	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	40,859	1,999,942	SH		DFND	1	1,999,942	0	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	25,402	962,547	SH		DFND	1	962,547	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	6,665	120,700	SH		DFND	1	120,700	0	0
RYDER SYS INC	COM	783549108	8,238	134,746	SH		DFND	1	134,746	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	5,434	1,293,821	SH		DFND	1	1,293,821	0	0
SEALED AIR CORP NEW	COM	81211K100	10,876	236,597	SH		DFND	1	236,597	0	0
SEMGROUP CORP	CL A	81663A105	35,839	1,100,700	SH		DFND	1	1,100,700	0	0
SEMPRA ENERGY	COM	816851109	3,868	33,920	SH		SOLE		33,920	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	90,515	2,678,756	SH		DFND	1	2,678,756	0	0
SM ENERGY CO	COM	78454L100	558	20,658	SH		SOLE		20,658	0	0
SPECTRA ENERGY CORP	COM	847560109	2,645	72,200	SH		SOLE		72,200	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	24,494	519,144	SH		DFND	1	519,144	0	0
STATOIL ASA	SPONSORED ADR	85771P102	7,928	458,000	SH		DFND	1	458,000	0	0
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	20,501	613,804	SH		DFND	1	613,804	0	0
SUMMIT MATLS INC	CL A	86614U100	5,803	283,632	SH		DFND	1	283,632	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	114,200	3,972,172	SH		DFND	1	3,972,172	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	297	185,900	SH	Call	SOLE		185,900	0	0
SWIFT TRANSN CO	CL A	87074U101	318	20,637	SH		SOLE		20,637	0	0
SYNERGY RES CORP	COM	87164P103	8,483	1,273,695	SH		DFND	1	1,273,695	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	37,281	810,100	SH		DFND	1	810,100	0	0
TARGA RES CORP	COM	87612G101	104,239	2,473,651	SH		DFND	1	2,473,651	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	7,813	136,436	SH		SOLE		136,436	0	0
TEAM INC	COM	878155100	1,159	46,665	SH		DFND	1	46,665	0	0
TEEKAY CORPORATION	COM	Y8564W103	5,056	709,183	SH		DFND	1	709,183	0	0
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	450	40,000	SH		SOLE		40,000	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	84,522	1,706,479	SH		DFND	1	1,706,479	0	0
TOTAL S A	SPONSORED ADR	89151E109	4,738	98,500	SH		DFND	1	98,500	0	0
TRANSCANADA CORP	COM	89353D107	1,972	43,600	SH		SOLE		43,600	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	2,720	66,200	SH		SOLE		66,200	0	0
UNIVAR INC	COM	91336L107	567	30,000	SH		SOLE		30,000	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,347	26,410	SH		SOLE		26,410	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	19,191	408,226	SH		DFND	1	408,226	0	0
VTTI ENERGY PARTNERS LP	COM UNIT RP LT	Y9384M101	28,679	1,412,764	SH		DFND	1	1,412,764	0	0
WABTEC CORP	COM	929740108	5,259	74,889	SH		DFND	1	74,889	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	83	371,800	SH	Call	SOLE		371,800	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	4,195	755,882	SH		DFND	1	755,882	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	68,183	1,352,852	SH		DFND	1	1,352,852	0	0
WESTERN REFNG INC	COM	959319104	5,016	243,156	SH		DFND	1	243,156	0	0
WESTERN REFNG LOGISTICS LP	COM UNIT REP LTP	95931Q205	348	13,300	SH		SOLE		13,300	0	0
WESTLAKE CHEM CORP	COM	960413102	8,418	196,141	SH		DFND	1	196,141	0	0
WHITING PETE CORP NEW	COM	966387102	2,940	317,536	SH		DFND	1	317,536	0	0
WHITING PETE CORP NEW	COM	966387102	81	402,700	SH	Call	SOLE		402,700	0	0
WILLIAMS COS INC DEL	COM	969457100	38,695	1,788,972	SH		DFND	1	1,788,972	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	127,524	3,681,431	SH		DFND	1	3,681,431	0	0
XPO LOGISTICS INC	COM	983793100	8,417	320,493	SH		DFND	1	320,493	0	0