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
ALBEMARLE CORP	COM	012653101	2,935	34,329	SH		DFND	1	34,329	0	0
ALLIANCE RES PARTNER L P	UT LTD PART	01877R108	266	12,000	SH		SOLE		12,000	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	38,295	2,592,735	SH		DFND	1	2,592,735	0	0
ANADARKO PETE CORP	COM	032511107	2,934	46,300	SH		DFND	1	46,300	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	23,290	872,286	SH		DFND	1	872,286	0	0
AXALTA COATING SYS LTD	COM	G0750C108	11,443	404,786	SH		DFND	1	404,786	0	0
AXALTA COATING SYS LTD	COM	G0750C108	12	247,800	SH	Call	SOLE		247,800	0	0
BAKER HUGHES INC	COM	057224107	8,459	167,601	SH		DFND	1	167,601	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	4,899	111,713	SH		DFND	1	111,713	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	19,778	3,247,695	SH		DFND	1	3,247,695	0	0
BP PLC	SPONSORED ADR	055622104	8,500	241,758	SH		DFND	1	241,758	0	0
BRISTOW GROUP INC	COM	110394103	251	185,700	SH	Call	SOLE		185,700	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	24,362	340,252	SH		DFND	1, 2	340,252	0	0
CALLON PETE CO DEL	COM	13123X102	648	41,256	SH		SOLE		41,256	0	0
CANADIAN PAC RY LTD	COM	13645T100	5,166	33,834	SH		DFND	1	33,834	0	0
CARBO CERAMICS INC	COM	140781105	959	87,639	SH		SOLE		87,639	0	0
CELADON GROUP INC	COM	150838100	922	105,495	SH		SOLE		105,495	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	14,959	343,088	SH		DFND	1	343,088	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	4,389	150,000	SH		SOLE		150,000	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	452	72,164	SH		SOLE		72,164	0	0
CHEVRON CORP NEW	COM	166764100	7,246	70,400	SH		DFND	1	70,400	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	7,805	483,578	SH		DFND	2	483,578	0	0
CONSOLIDATED EDISON INC	COM	209115104	2,259	30,000	SH		SOLE		30,000	0	0
CONTINENTAL RESOURCES INC	COM	212015101	1,071	20,621	SH		SOLE		20,621	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	2,464	127,457	SH		DFND	1	127,457	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	25,710	1,209,900	SH		DFND	1	1,209,900	0	0
CSX CORP	COM	126408103	6,163	202,072	SH		DFND	1	202,072	0	0
DCP MIDSTREAM PARTNERS LP	COM UT LTD PTN	23311P100	28,787	814,800	SH		DFND	1	814,800	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	2,572	90,000	SH		SOLE		90,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	5,236	118,714	SH		DFND	1	118,714	0	0
DOMINION MIDSTREAM PARTNERS	COM UT REP LTD	257454108	17,210	719,779	SH		DFND	1	719,779	0	0
DOMINION RES INC VA NEW	COM	25746U109	3,023	40,705	SH		SOLE		40,705	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	1,045	67,821	SH		DFND	1	67,821	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,202	40,000	SH		SOLE		40,000	0	0
DYNEGY INC NEW DEL	COM	26817R108	6,452	520,734	SH		DFND	1	520,734	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	16,234	1,064,540	SH		DFND	2	1,064,540	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	5,278	207,480	SH		SOLE		207,480	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	64,757	2,546,497	SH		DFND	1 2	2,546,497	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	63,315	3,770,999	SH		DFND	1 2	3,770,999	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	188,175	5,085,824	SH		DFND	1 2	5,085,824	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	24,854	1,483,836	SH		DFND	1	1,483,836	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	87,672	4,950,433	SH		DFND	1 2	4,950,433	0	0
ENSCO PLC	SHS CLASS A	G3157S106	537	63,209	SH		SOLE		63,209	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	133,828	4,843,559	SH		DFND	1 2	4,843,559	0	0
EOG RES INC	COM	26875P101	4,644	48,019	SH		DFND	1	48,019	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	23,315	930,010	SH		DFND	1	930,010	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	101,677	1,334,520	SH		DFND	1 2	1,334,520	0	0
EXELON CORP	COM	30161N101	4,661	140,000	SH		SOLE		140,000	0	0
EXXON MOBIL CORP	COM	30231G102	6,974	79,900	SH		DFND	1	79,900	0	0
FLOWSERVE CORP	COM	34354P105	9,435	195,575	SH		DFND	1	195,575	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	616	56,738	SH		SOLE		56,738	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	28,861	1,324,506	SH		DFND	1	1,324,506	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	79,340	2,089,542	SH		DFND	1 2	2,089,542	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	575	232,600	SH	Call	SOLE		232,600	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	26,955	1,271,474	SH		DFND	1	1,271,474	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	37,592	1,915,050	SH		DFND	1	1,915,050	0	0
GRACE W R & CO DEL NEW	COM	38388F108	3,137	42,500	SH		SOLE		42,500	0	0
HALLIBURTON CO	COM	406216101	2,893	64,453	SH		DFND	1	64,453	0	0
HELMERICH & PAYNE INC	COM	423452101	37	123,800	SH	Put	SOLE		123,800	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	4,197	799,372	SH		DFND	1	799,372	0	0
ITT INC	COM	45073V108	7,030	196,161	SH		DFND	1	196,161	0	0
KINDER MORGAN INC DEL	COM	49456B101	22,285	963,463	SH		DFND	1, 2	963,463	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	2,504	50,000	SH		DFND	1	50,000	0	0
KIRBY CORP	COM	497266106	1,513	24,343	SH		DFND	1	24,343	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	7,309	90,618	SH		DFND	1	90,618	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	51,039	721,495	SH		DFND	1, 2	721,495	0	0
MARATHON PETE CORP	COM	56585A102	9,274	228,491	SH		DFND	1	228,491	0	0
MATADOR RES CO	COM	576485205	1,582	65,000	SH		SOLE		65,000	0	0
MIDCOAST ENERGY PARTNERS L P	COM UT LTD PTN	59564N103	3,813	454,500	SH		SOLE		454,500	0	0
MPLX LP	COM UNIT REP LTD	55336V100	92,500	2,731,832	SH		DFND	1, 2	2,731,832	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	502	41,274	SH		SOLE		41,274	0	0
NEWFIELD EXPL CO	COM	651290108	4,821	110,937	SH		DFND	1	110,937	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	161,881	8,592,435	SH		DFND	1, 2	8,592,435	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	91	433,500	SH	Call	SOLE		433,500	0	0
NOBLE ENERGY INC	COM	655044105	1,930	54,000	SH		DFND	1	54,000	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	42,931	865,895	SH		DFND	1, 2	865,895	0	0
OASIS PETE INC NEW	COM	674215108	710	61,872	SH		SOLE		61,872	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	8,904	122,100	SH		DFND	1	122,100	0	0
OLIN CORP	COM PAR $1	680665205	9,608	468,250	SH		DFND	1	468,250	0	0
ONEOK INC NEW	COM	682680103	47,260	919,629	SH		DFND	1	919,629	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	71,245	1,783,346	SH		DFND	1, 2	1,783,346	0	0
PARSLEY ENERGY INC	CL A	701877102	9,648	287,928	SH		DFND	1	287,928	0	0
PBF ENERGY INC	CL A	69318G106	3,849	170,000	SH		SOLE		170,000	0	0
PDC ENERGY INC	COM	69327R101	3,209	47,859	SH		DFND	1	47,859	0	0
PENNTEX MIDSTREAM PARTNERS L	COM UNIT LTD	709311104	1,742	100,350	SH		SOLE		100,350	0	0
PENTAIR PLC	SHS	G7S00T104	2,640	41,090	SH		SOLE		41,090	0	0
PHILLIPS 66	COM	718546104	9,533	118,350	SH		DFND	1	118,350	0	0
PHILLIPS 66	COM	718546104	96	31,100	SH	Call	SOLE		31,100	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	27,934	574,766	SH		DFND	1, 2	574,766	0	0
PIONEER NAT RES CO	COM	723787107	5,569	29,996	SH		DFND	1	29,996	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	95,700	3,046,810	SH		DFND	1, 2	3,046,810	0	0
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	30,841	2,383,400	SH		DFND	1	2,383,400	0	0
PLATFORM SPECIALTY PRODS COR	COM	72766Q105	2,209	272,329	SH		DFND	1	272,329	0	0
PPG INDS INC	COM	693506107	2,056	19,887	SH		DFND	1	19,887	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	2,868	686,128	SH		DFND	1	686,128	0	0
RANGE RES CORP	COM	75281A109	6,511	168,024	SH		DFND	1	168,024	0	0
RICE ENERGY INC	COM	762760106	6,971	266,997	SH		DFND	1	266,997	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	46,384	1,911,943	SH		DFND	1	1,911,943	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	7,921	158,200	SH		DFND	1	158,200	0	0
RYDER SYS INC	COM	783549108	4,184	63,436	SH		DFND	1	63,436	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	5,504	1,188,821	SH		DFND	1	1,188,821	0	0
SEALED AIR CORP NEW	COM	81211K100	7,903	172,469	SH		DFND	1	172,469	0	0
SEMGROUP CORP	CL A	81663A105	65,262	1,845,639	SH		DFND	1, 2	1,845,639	0	0
SEMPRA ENERGY	COM	816851109	3,536	32,985	SH		SOLE		32,985	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	93,762	2,922,768	SH		DFND	1, 2	2,922,768	0	0
SHERWIN WILLIAMS CO	COM	824348106	2,865	10,355	SH		DFND	1	10,355	0	0
SILVER RUN ACQUISITION CORP	UNIT 99/99/9999T	82811P200	1,374	76,291	SH		DFND	1	76,291	0	0
SOUTHERN CO	COM	842587107	3,078	60,000	SH		SOLE		60,000	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	143	324,900	SH	Put	SOLE		324,900	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	19,407	444,200	SH		DFND	1	444,200	0	0
STATOIL ASA	SPONSORED ADR	85771P102	5,902	351,300	SH		DFND	1	351,300	0	0
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	19,487	585,204	SH		DFND	1	585,204	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	107,589	3,787,002	SH		DFND	1, 2	3,787,002	0	0
SUNOCO LP	COM U REP LP	86765K109	30,751	1,060,000	SH		DFND	1	1,060,000	0	0
SYNERGY RES CORP	COM	87164P103	17,193	2,480,987	SH		DFND	1	2,480,987	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	1,924	80,000	SH		SOLE		80,000	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	39,228	813,850	SH		DFND	1	813,850	0	0
TARGA RES CORP	COM	87612G101	149,521	3,044,623	SH		DFND	1, 2	3,044,623	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	5,510	96,608	SH		SOLE		96,608	0	0
TEAM INC	COM	878155100	3,522	107,665	SH		DFND	1	107,665	0	0
TECK RESOURCES LTD	CL B	878742204	261	14,503	SH		SOLE		14,503	0	0
TEEKAY CORPORATION	COM	Y8564W103	7,776	1,008,601	SH		DFND	1	1,008,601	0	0
TEEKAY TANKERS LTD	CL A	Y8565N102	1,625	642,360	SH		DFND	1	642,360	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	90,920	1,876,959	SH		DFND	1, 2	1,876,959	0	0
TIDEWATER INC	COM	886423102	5	92,800	SH	Call	SOLE		92,800	0	0
TOTAL S A	SPONSORED ADR	89151E109	4,923	103,200	SH		DFND	1	103,200	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	2,744	66,500	SH		SOLE		66,500	0	0
TRINITY INDS INC	COM	896522109	625	25,848	SH		SOLE		25,848	0	0
U S SILICA HLDGS INC	COM	90346E103	10,662	228,989	SH		DFND	1	228,989	0	0
UNITED RENTALS INC	COM	911363109	6,627	84,434	SH		DFND	1	84,434	0	0
UNITED STATES STL CORP NEW	COM	912909108	778	41,273	SH		SOLE		41,273	0	0
UNIVAR INC	COM	91336L107	2,404	110,000	SH		SOLE		110,000	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,356	25,580	SH		SOLE		25,580	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	16,853	385,733	SH		DFND	1	385,733	0	0
VANECK VECTORS ETF TR	JR GOLD MINERS E	92189F791	221	5,000	SH		SOLE		5,000	0	0
VTTI ENERGY PARTNERS LP	COM UNIT RP LT	Y9384M101	36,261	1,907,478	SH		DFND	1	1,907,478	0	0
VULCAN MATLS CO	COM	929160109	4,512	39,677	SH		DFND	1	39,677	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	8	619,500	SH	Call	SOLE		619,500	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	22,124	520,687	SH		DFND	1	520,687	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	65,860	1,196,373	SH		DFND	1, 2	1,196,373	0	0
WESTERN REFNG INC	COM	959319104	7,888	298,096	SH		DFND	1	298,096	0	0
WESTERN REFNG LOGISTICS LP	COM UNIT REP LTP	95931Q205	334	14,400	SH		SOLE		14,400	0	0
WESTLAKE CHEM CORP	COM	960413102	4,863	90,906	SH		DFND	1	90,906	0	0
WHITING PETE CORP NEW	COM	966387102	4,606	527,026	SH		DFND	1	527,026	0	0
WILLIAMS COS INC DEL	COM	969457100	74,162	2,413,332	SH		DFND	1	2,413,332	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	134,570	3,618,445	SH		DFND	1, 2	3,618,445	0	0
XPO LOGISTICS INC	COM	983793100	11,753	320,504	SH		DFND	1	320,504	0	0
XYLEM INC	COM	98419M100	3,377	64,391	SH		DFND	1	64,391	0	0