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
AECOM	COM	00766T100	7,535	211,717	SH		DFND	1	211,717	0	0
AK STL HLDG CORP	COM	001547108	5,274	733,506	SH		DFND	1	733,506	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	40,774	2,745,700	SH		DFND	1	2,745,700	0	0
ANADARKO PETE CORP	COM	032511107	2,654	42,800	SH		DFND	1	42,800	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	39,882	1,202,721	SH		DFND	1	1,202,721	0	0
ANTERO RES CORP	COM	03674X106	1,346	59,000	SH		DFND	1	59,000	0	0
ATWOOD OCEANICS INC	COM	050095108	129	13,563	SH		SOLE		13,563	0	0
ATWOOD OCEANICS INC	COM	050095108	3	30,500	SH	Call	SOLE		30,500	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	302	9,052	SH		SOLE		9,052	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	2,591	53,352	SH		DFND	1	53,352	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	21,547	3,192,195	SH		DFND	1	3,192,195	0	0
BP PLC	SPONSORED ADR	055622104	9,433	273,258	SH		DFND	1	273,258	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	7,705	112,381	SH		DFND	2	112,381	0	0
CALLON PETE CO DEL	COM	13123X102	10,647	809,045	SH		DFND	1	809,045	0	0
CALLON PETE CO DEL	COM	13123X102	84	68,700	SH	Call	SOLE		68,700	0	0
CANADIAN NAT RES LTD	COM	136385101	1,443	44,000	SH		DFND	1	44,000	0	0
CENTENNIAL RESOURCE DEV INC	CL A	15136A102	8,783	481,796	SH		DFND	1	481,796	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	43,169	913,247	SH		DFND	1	913,247	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	4,846	150,000	SH		SOLE		150,000	0	0
CHEVRON CORP NEW	COM	166764100	4,252	39,600	SH		DFND	1	39,600	0	0
CIMAREX ENERGY CO	COM	171798101	1,764	14,765	SH		DFND	1	14,765	0	0
CIMAREX ENERGY CO	COM	171798101	33	13,600	SH	Call	SOLE		13,600	0	0
CONCHO RES INC	COM	20605P101	2,450	19,088	SH		DFND	1	19,088	0	0
CONTINENTAL RESOURCES INC	COM	212015101	284	6,248	SH		SOLE		6,248	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	6,055	322,040	SH		DFND	1	322,040	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	65,197	2,483,700	SH		DFND	1	2,483,700	0	0
CSX CORP	COM	126408103	17,381	373,389	SH		DFND	1	373,389	0	0
DCP MIDSTREAM LP	COM UT LTD PTN	23311P100	99,909	2,546,744	SH		DFND	1 2	2,546,744	0	0
DOMINION MIDSTREAM PARTNERS	COM UT REP LTD	257454108	52,209	1,634,069	SH		DFND	1 2	1,634,069	0	0
DOMINION RES INC VA NEW	COM	25746U109	1,606	20,705	SH		SOLE		20,705	0	0
DOVER CORP	COM	260003108	20,285	252,456	SH		DFND	1	252,456	0	0
DOW CHEM CO	COM	260543103	1,588	25,000	SH		SOLE		25,000	0	0
EMERGE ENERGY SVCS LP	COM REP PARTN	29102H108	481	34,700	SH		SOLE		34,700	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	53,258	3,191,010	SH		DFND	1 2	3,191,010	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	23,043	1,212,800	SH		DFND	1	1,212,800	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	136,334	6,909,990	SH		DFND	1 2	6,909,990	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	107	383,000	SH	Put	SOLE		383,000	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	402	383,000	SH	Call	SOLE		383,000	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	232,756	6,373,372	SH		DFND	1 2	6,373,372	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	32,036	1,651,330	SH		DFND	1	1,651,330	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	70,051	3,827,950	SH		DFND	1	3,827,950	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	131,784	4,773,026	SH		DFND	1 2	4,773,026	0	0
EOG RES INC	COM	26875P101	2,799	28,694	SH		DFND	1	28,694	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	23,137	845,032	SH		DFND	1	845,032	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	70,768	920,261	SH		DFND	1 2	920,261	0	0
EXELON CORP	COM	30161N101	2,101	58,400	SH		SOLE		58,400	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	7,243	390,464	SH		DFND	1	390,464	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	7,534	1,027,843	SH		DFND	1	1,027,843	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	58	159,500	SH	Call	SOLE		159,500	0	0
FLOWSERVE CORP	COM	34354P105	3,678	75,960	SH		DFND	1	75,960	0	0
GASLOG LTD	SHS	G37585109	4,828	314,553	SH		DFND	1	314,553	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	36,576	1,492,896	SH		DFND	1	1,492,896	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	37,020	1,141,888	SH		DFND	1 2	1,141,888	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	27,600	988,176	SH		DFND	1	988,176	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	43,686	1,955,500	SH		DFND	1	1,955,500	0	0
GRACE W R & CO DEL NEW	COM	38388F108	3,245	46,553	SH		DFND	1	46,553	0	0
GRANITE CONSTR INC	COM	387328107	6,940	138,267	SH		DFND	1	138,267	0	0
HALLIBURTON CO	COM	406216101	13,998	284,463	SH		DFND	1	284,463	0	0
HD SUPPLY HLDGS INC	COM	40416M105	3,973	96,606	SH		DFND	1	96,606	0	0
HI-CRUSH PARTNERS LP	COM UNIT LTD	428337109	4,276	246,445	SH		DFND	1	246,445	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	574	104,013	SH		DFND	1	104,013	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	15,050	272,256	SH		DFND	1	272,256	0	0
KEANE GROUP INC	COM	48669A108	6,725	470,248	SH		DFND	1	470,248	0	0
KINDER MORGAN INC DEL	COM	49456B101	61,926	2,848,496	SH		DFND	1 2	2,848,496	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	3,142	63,000	SH		DFND	1	63,000	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	3,551	38,940	SH		SOLE		38,940	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	58,977	766,823	SH		DFND	1 2	766,823	0	0
MARATHON PETE CORP	COM	56585A102	28,016	554,324	SH		DFND	1	554,324	0	0
MARATHON PETE CORP	COM	56585A102	34	20,000	SH	Call	SOLE		20,000	0	0
MPLX LP	COM UNIT REP LTD	55336V100	144,638	4,008,828	SH		DFND	1 2	4,008,828	0	0
MRC GLOBAL INC	COM	55345K103	8,986	490,222	SH		DFND	1	490,222	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	222	16,961	SH		SOLE		16,961	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	24	27,200	SH	Put	SOLE		27,200	0	0
NEWFIELD EXPL CO	COM	651290108	7,345	199,021	SH		DFND	1	199,021	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	12,261	370,100	SH		SOLE		370,100	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	218,251	9,657,145	SH		DFND	1 2	9,657,145	0	0
NRG YIELD INC	CL C	62942X405	2,655	150,000	SH		SOLE		150,000	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	43,577	838,352	SH		DFND	1 2	838,352	0	0
OLIN CORP	COM PAR $1	680665205	822	25,000	SH		SOLE		25,000	0	0
ONEOK INC NEW	COM	682680103	22,324	402,669	SH		DFND	1	402,669	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	67,415	1,248,656	SH		DFND	1 2	1,248,656	0	0
PARSLEY ENERGY INC	CL A	701877102	6,709	206,367	SH		DFND	1	206,367	0	0
PATTERSON UTI ENERGY INC	COM	703481101	21	13,600	SH	Call	SOLE		13,600	0	0
PATTERSON UTI ENERGY INC	COM	703481101	5,857	241,331	SH		DFND	1	241,331	0	0
PBF LOGISTICS LP	UNIT LTD PTNR	69318Q104	1,075	49,900	SH		SOLE		49,900	0	0
PHILLIPS 66	COM	718546104	9,254	116,808	SH		DFND	1	116,808	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	92,974	1,810,586	SH		DFND	1 2	1,810,586	0	0
PIONEER ENERGY SVCS CORP	COM	723664108	158	39,613	SH		SOLE		39,613	0	0
PIONEER NAT RES CO	COM	723787107	5,828	31,296	SH		DFND	1	31,296	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	75,493	2,388,264	SH		DFND	1 2	2,388,264	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	39,082	1,250,208	SH		DFND	1	1,250,208	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	168	35,600	SH		SOLE		35,600	0	0
RANGE RES CORP	COM	75281A109	6,379	219,207	SH		DFND	1	219,207	0	0
RICE ENERGY INC	COM	762760106	16,346	689,690	SH		DFND	1	689,690	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	44,071	1,747,467	SH		DFND	1	1,747,467	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	11,954	226,700	SH		DFND	1	226,700	0	0
RPC INC	COM	749660106	4,501	245,810	SH		DFND	1	245,810	0	0
RSP PERMIAN INC	COM	74978Q105	17,320	418,044	SH		DFND	1	418,044	0	0
SANCHEZ PRODTN PARTNER	COM UNIT REPSTG	79971C201	3,473	221,200	SH		SOLE		221,200	0	0
SCHLUMBERGER LTD	COM	806857108	2,343	30,000	SH		SOLE		30,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	9	54,300	SH	Put	SOLE		54,300	0	0
SEMGROUP CORP	CL A	81663A105	56,652	1,573,670	SH		DFND	1 2	1,573,670	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	112,255	3,482,954	SH		DFND	1 2	3,482,954	0	0
SMART SAND INC	COM	83191H107	258	15,856	SH		SOLE		15,856	0	0
SOUTHCROSS ENERGY PARTNERS L	COM UNIT LTDPT	84130C100	174	50,000	SH		SOLE		50,000	0	0
SOUTHWEST AIRLS CO	COM	844741108	278	5,168	SH		SOLE		5,168	0	0
SPDR SERIES TRUST	BLMBRG BR 1 3 MT	78464A680	58	71,300	SH	Call	SOLE		71,300	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	19,394	444,200	SH		DFND	1	444,200	0	0
STATOIL ASA	SPONSORED ADR	85771P102	4,061	236,400	SH		DFND	1	236,400	0	0
STERLING CONSTRUCTION CO INC	COM	859241101	1,964	212,306	SH		DFND	1	212,306	0	0
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	19,821	735,204	SH		DFND	1	735,204	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	42,994	1,791,419	SH		DFND	1 2	1,791,419	0	0
SUNCOR ENERGY INC NEW	COM	867224107	2,511	81,658	SH		DFND	1	81,658	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	70,989	2,907,019	SH		DFND	1 2	2,907,019	0	0
SUNOCO LP	COM U REP LP	86765K109	1,692	70,000	SH		SOLE		70,000	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	7,179	503,446	SH		DFND	1	503,446	0	0
SWIFT TRANSN CO	CL A	87074U101	8,144	396,506	SH		DFND	1	396,506	0	0
SWIFT TRANSN CO	CL A	87074U101	1	27,200	SH	Call	SOLE		27,200	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	7,736	269,000	SH		SOLE		269,000	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	43,004	808,350	SH		DFND	1	808,350	0	0
TARGA RES CORP	COM	87612G101	211,030	3,523,045	SH		DFND	1 2	3,523,045	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	8,376	140,400	SH		SOLE		140,400	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	109,525	2,010,732	SH		DFND	1 2	2,010,732	0	0
TOTAL S A	SPONSORED ADR	89151E109	3,640	72,200	SH		DFND	1	72,200	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	3,101	69,400	SH		SOLE		69,400	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	249	20,000	SH		SOLE		20,000	0	0
U S CONCRETE INC	COM NEW	90333L201	219	3,399	SH		SOLE		3,399	0	0
U S SILICA HLDGS INC	COM	90346E103	15,850	330,262	SH		DFND	1	330,262	0	0
U S SILICA HLDGS INC	COM	90346E103	67	32,300	SH	Call	SOLE		32,300	0	0
UNION PAC CORP	COM	907818108	10,736	101,356	SH		DFND	1	101,356	0	0
UNITED RENTALS INC	COM	911363109	7,906	63,222	SH		DFND	1	63,222	0	0
UNITED STATES STL CORP NEW	COM	912909108	4,983	147,361	SH		DFND	1	147,361	0	0
UNIVAR INC	COM	91336L107	670	21,863	SH		DFND	1	21,863	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,375	66,000	SH		SOLE		66,000	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	37,795	788,876	SH		DFND	1	788,876	0	0
VULCAN MATLS CO	COM	929160109	4,880	40,506	SH		DFND	1	40,506	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	25	49,900	SH	Call	SOLE		49,900	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	16,235	2,441,406	SH		DFND	1	2,441,406	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	25,878	561,340	SH		DFND	1	561,340	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	67,175	1,111,243	SH		DFND	1 2	1,111,243	0	0
WESTERN REFNG INC	COM	959319104	5,962	170,000	SH		SOLE		170,000	0	0
WESTLAKE CHEM CORP	COM	960413102	4,046	61,264	SH		DFND	1	61,264	0	0
WILLIAMS COS INC DEL	COM	969457100	59,413	2,007,877	SH		DFND	1	2,007,877	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	106,650	2,612,035	SH		DFND	1 2	2,612,035	0	0
XPO LOGISTICS INC	COM	983793100	7,329	153,047	SH		DFND	1	153,047	0	0