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
8POINT3 ENERGY PARTNERS LP	CL A RPT LTDPT	282539105	768	51,078	SH		SOLE		51,078	0	0
AECOM	COM	00766T100	7,656	207,992	SH		DFND	1	207,992	0	0
AEGEAN MARINE PETROLEUM NETW	SHS	Y0017S102	148	30,000	SH		SOLE		30,000	0	0
AEGEAN MARINE PETROLEUM NETW	SHS	Y0017S102	49	90,000	SH	Call	SOLE		90,000	0	0
AK STL HLDG CORP	COM	001547108	3,615	646,698	SH		DFND	1	646,698	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	6	125,000	SH	Put	SOLE		125,000	0	0
ALLIANCE HOLDINGS GP LP	COM UNITS LP	01861G100	473	17,000	SH		SOLE		17,000	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	3,953	105,335	SH		DFND	1	105,335	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	33,018	2,418,887	SH		DFND	1	2,418,887	0	0
ANADARKO PETE CORP	COM	032511107	330	6,750	SH		SOLE		6,750	0	0
ANDEAVOR	COM	03349M105	6,960	67,475	SH		SOLE		67,475	0	0
ANDEAVOR	COM	03349M105	7	30,000	SH	Put	SOLE		30,000	0	0
ANDEAVOR LOGISTICS LP	COM UNIT LP INT	03350F106	106,546	2,128,362	SH		DFND	1, 2	2,128,362	0	0
ANTERO MIDSTREAM GP LP	COM SHS REPSTG	03675Y103	49,987	2,441,992	SH		DFND	1	2,441,992	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	12,319	390,710	SH		DFND	2	390,710	0	0
ANTERO RES CORP	COM	03674X106	338	17,000	SH		SOLE		17,000	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	193	10,000	SH		SOLE		10,000	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	12,672	2,223,200	SH		DFND	1	2,223,200	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	13,321	906,200	SH		SOLE		906,200	0	0
BP PLC	SPONSORED ADR	055622104	9,541	248,258	SH		DFND	1	248,258	0	0
BRISTOW GROUP INC	COM	110394103	62	126,000	SH	Put	SOLE		126,000	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	4,762	83,546	SH		DFND	2	83,546	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	12,663	422,538	SH		DFND	1	422,538	0	0
CALLON PETE CO DEL	COM	13123X102	8,499	756,164	SH		DFND	1	756,164	0	0
CANADIAN NAT RES LTD	COM	136385101	1,474	44,000	SH		DFND	1	44,000	0	0
CARBO CERAMICS INC	COM	140781105	40	135,000	SH	Put	SOLE		135,000	0	0
CATERPILLAR INC DEL	COM	149123101	3	24,000	SH	Put	SOLE		24,000	0	0
CENOVUS ENERGY INC	COM	15135U109	2,625	262,000	SH		SOLE		262,000	0	0
CENTENNIAL RESOURCE DEV INC	CL A	15136A102	6,404	356,387	SH		DFND	1	356,387	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	53,189	1,180,931	SH		DFND	1	1,180,931	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	5,764	200,000	SH		SOLE		200,000	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	5	240,000	SH	Call	SOLE		240,000	0	0
CHEVRON CORP NEW	COM	166764100	4,653	39,600	SH		DFND	1	39,600	0	0
CIMAREX ENERGY CO	COM	171798101	1,364	12,000	SH		DFND	1	12,000	0	0
CONCHO RES INC	COM	20605P101	2,160	16,400	SH		DFND	1	16,400	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	7,092	244,721	SH		DFND	1	244,721	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	53,138	2,177,800	SH		DFND	1	2,177,800	0	0
CSX CORP	COM	126408103	4,629	85,310	SH		DFND	1	85,310	0	0
CVR ENERGY INC	COM	12662P108	2,590	100,000	SH		SOLE		100,000	0	0
DASEKE INC	COM	23753F107	7,331	561,752	SH		DFND	1	561,752	0	0
DCP MIDSTREAM LP	COM UT LTD PTN	23311P100	74,355	2,146,519	SH		DFND	1, 2	2,146,519	0	0
DEVON ENERGY CORP NEW	COM	25179M103	3,745	101,999	SH		DFND	1	101,999	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	37	60,000	SH	Put	SOLE		60,000	0	0
DOMINION ENERGY INC	COM	25746U109	816	10,605	SH		SOLE		10,605	0	0
DOMINION ENERGY MIDSTRM PRTN	COM UT REP LTD	257454108	50,628	1,582,127	SH		DFND	1, 2	1,582,127	0	0
DOVER CORP	COM	260003108	4,935	54,000	SH		SOLE		54,000	0	0
DOWDUPONT INC	COM	26078J100	4,500	65,000	SH		SOLE		65,000	0	0
EATON CORP PLC	SHS	G29183103	4,963	64,636	SH		DFND	1	64,636	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	42,516	2,660,550	SH		DFND	1, 2	2,660,550	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	11,450	716,500	SH		DFND	1	716,500	0	0
ENBRIDGE INC	COM	29250N105	2,004	47,900	SH		SOLE		47,900	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	143,626	8,263,914	SH		DFND	1, 2	8,263,914	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	13,401	732,703	SH		DFND	1, 2	732,703	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	170	1,380,000	SH	Call	SOLE		1,380,000	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	32,573	1,888,299	SH		DFND	1	1,888,299	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	79,822	4,762,651	SH		DFND	1, 2	4,762,651	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	160,695	6,163,978	SH		DFND	1, 2	6,163,978	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	61	120,000	SH	Call	SOLE		120,000	0	0
EOG RES INC	COM	26875P101	2,867	29,636	SH		DFND	1	29,636	0	0
EQT CORP	COM	26884L109	7,144	109,500	SH		SOLE		109,500	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	41,734	1,441,102	SH		DFND	1, 2	1,441,102	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	62,589	834,853	SH		DFND	1, 2	834,853	0	0
EXELON CORP	COM	30161N101	2,200	58,400	SH		SOLE		58,400	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	4,944	321,284	SH		DFND	1	321,284	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	204	210,000	SH	Call	SOLE		210,000	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	2,690	562,598	SH		DFND	1	562,598	0	0
FIRSTENERGY CORP	COM	337932107	2,775	90,000	SH		SOLE		90,000	0	0
FLOWSERVE CORP	COM	34354P105	3,675	86,300	SH		DFND	1	86,300	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	26,672	1,147,188	SH		DFND	1	1,147,188	0	0
GENESEE & WYO INC	CL A	371559105	6,416	86,695	SH		DFND	1	86,695	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	38,817	1,473,101	SH		DFND	1	1,473,101	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	20,173	892,214	SH		DFND	1	892,214	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	45,426	1,955,500	SH		DFND	1	1,955,500	0	0
GRANITE CONSTR INC	COM	387328107	7,344	126,726	SH		DFND	1	126,726	0	0
HALLIBURTON CO	COM	406216101	6,398	139,005	SH		DFND	1	139,005	0	0
HELMERICH & PAYNE INC	COM	423452101	7	75,000	SH	Put	SOLE		75,000	0	0
HERTZ GLOBAL HLDGS INC	COM	42806J106	19	69,000	SH	Put	SOLE		69,000	0	0
HESS MIDSTREAM PARTNERS LP	UNIT LTD PR INT	428104103	2,725	124,040	SH		SOLE		124,040	0	0
HI-CRUSH PARTNERS LP	COM UNIT LTD	428337109	8,728	918,689	SH		DFND	1	918,689	0	0
HI-CRUSH PARTNERS LP	COM UNIT LTD	428337109	42	60,000	SH	Call	SOLE		60,000	0	0
HOLLYFRONTIER CORP	COM	436106108	3	90,000	SH	Put	SOLE		90,000	0	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	85	195,000	SH	Put	SOLE		195,000	0	0
HUB GROUP INC	CL A	443320106	10,824	252,021	SH		DFND	1	252,021	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	396	104,013	SH		DFND	1	104,013	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	13,577	233,002	SH		DFND	1	233,002	0	0
JPMORGAN CHASE FINL CO LLC	CUSHING MLP 37	48129G703	4,086	200,000	SH		SOLE		200,000	0	0
KEANE GROUP INC	COM	48669A108	6,901	413,706	SH		DFND	1	413,706	0	0
KEY ENERGY SVCS INC DEL	COM	49309J103	263	20,000	SH		SOLE		20,000	0	0
KIMBELL RTY PARTNERS LP	UNIT	49435R102	231	14,613	SH		SOLE		14,613	0	0
KINDER MORGAN INC DEL	COM	49456B101	45,184	2,355,748	SH		DFND	1, 2	2,355,748	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	2,681	63,000	SH		DFND	1	63,000	0	0
KNIGHT SWIFT TRANSN HLDGS IN	CL A	499049104	9,987	240,421	SH		DFND	1	240,421	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,124	21,440	SH		SOLE		21,440	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	58,411	821,993	SH		DFND	1, 2	821,993	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	502	152,000	SH	Call	SOLE		152,000	0	0
MARATHON PETE CORP	COM	56585A102	16,655	296,988	SH		DFND	1	296,988	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	3,957	19,185	SH		DFND	1	19,185	0	0
MPLX LP	COM UNIT REP LTD	55336V100	165,694	4,732,763	SH		DFND	1, 2	4,732,763	0	0
MRC GLOBAL INC	COM	55345K103	8,603	491,876	SH		DFND	1	491,876	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	104	180,000	SH	Call	SOLE		180,000	0	0
NCS MULTISTAGE HLDGS INC	COM	628877102	1,037	43,072	SH		DFND	1	43,072	0	0
NEWFIELD EXPL CO	COM	651290108	7,458	251,353	SH		DFND	1	251,353	0	0
NEXTERA ENERGY INC	COM	65339F101	762	5,200	SH		SOLE		5,200	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	36,642	909,450	SH		DFND	1	909,450	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	58,109	5,031,112	SH		DFND	1	5,031,112	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	75	105,000	SH	Call	SOLE		105,000	0	0
NOBLE CORP PLC	SHS USD	G65431101	36	240,000	SH	Put	SOLE		240,000	0	0
NOBLE MIDSTREAM PARTNERS LP	COM UNIT REPST	65506L105	18,849	363,394	SH		DFND	1	363,394	0	0
NOW INC	COM	67011P100	138	10,000	SH		SOLE		10,000	0	0
NRG YIELD INC	CL C	62942X405	8,687	450,100	SH		SOLE		450,100	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	31,620	779,000	SH		DFND	1	779,000	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	788	35,800	SH		SOLE		35,800	0	0
OASIS MIDSTREAM PARTNERS LP	COM UNITS REPS	67420T206	4,240	250,000	SH		SOLE		250,000	0	0
OCEANEERING INTL INC	COM	675232102	26	75,000	SH	Put	SOLE		75,000	0	0
OLIN CORP	COM PAR $1	680665205	856	25,000	SH		SOLE		25,000	0	0
ONEOK INC NEW	COM	682680103	107,448	1,939,140	SH		DFND	1, 2	1,939,140	0	0
PARSLEY ENERGY INC	CL A	701877102	8,932	339,091	SH		DFND	1	339,091	0	0
PBF ENERGY INC	CL A	69318G106	4,141	150,000	SH		SOLE		150,000	0	0
PHILLIPS 66	COM	718546104	8,284	90,435	SH		SOLE		90,435	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	101,912	1,938,953	SH		DFND	1, 2	1,938,953	0	0
PIONEER NAT RES CO	COM	723787107	8,979	60,857	SH		DFND	1	60,857	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	29,125	1,374,467	SH		DFND	1, 2	1,374,467	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	34,574	1,580,921	SH		DFND	1	1,580,921	0	0
PROPETRO HLDG CORP	COM	74347M108	5,598	390,073	SH		DFND	1	390,073	0	0
QEP RES INC	COM	74733V100	3,548	414,000	SH		DFND	1	414,000	0	0
QUANTA SVCS INC	COM	74762E102	6,320	169,113	SH		DFND	1	169,113	0	0
RICE ENERGY INC	COM	762760106	2,170	75,000	SH		DFND	1	75,000	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	33,201	1,585,538	SH		DFND	1	1,585,538	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	11,977	197,700	SH		DFND	1	197,700	0	0
RPC INC	COM	749660106	159	240,000	SH	Put	SOLE		240,000	0	0
RSP PERMIAN INC	COM	74978Q105	12,186	352,305	SH		DFND	1	352,305	0	0
SANCHEZ MIDSTREAM PARTNERS L	COM UNITS REP B	79971C201	3,286	292,100	SH		SOLE		292,100	0	0
SCHLUMBERGER LTD	COM	806857108	2,093	30,000	SH		SOLE		30,000	0	0
SELECT ENERGY SVCS INC	CL A COM	81617J301	5,815	365,288	SH		DFND	1	365,288	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	22	75,000	SH	Put	SOLE		75,000	0	0
SEMGROUP CORP	CL A	81663A105	62,800	2,184,365	SH		DFND	1, 2	2,184,365	0	0
SEMPRA ENERGY	COM	816851109	809	7,085	SH		SOLE		7,085	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	99,895	3,588,181	SH		DFND	1, 2	3,588,181	0	0
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	4	75,000	SH	Put	SOLE		75,000	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	7	60,000	SH	Put	SOLE		60,000	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	20,530	462,600	SH		DFND	1	462,600	0	0
SPIRIT AIRLS INC	COM	848577102	45	36,000	SH	Call	SOLE		36,000	0	0
STATOIL ASA	SPONSORED ADR	85771P102	4,548	226,400	SH		DFND	1	226,400	0	0
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	11,354	435,204	SH		DFND	1	435,204	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	31,184	1,559,220	SH		DFND	1, 2	1,559,220	0	0
SUNCOR ENERGY INC NEW	COM	867224107	2,860	81,658	SH		DFND	1	81,658	0	0
SUNOCO LP	COM U REP LP	86765K109	4,354	140,000	SH		SOLE		140,000	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	150	14,000	SH		SOLE		14,000	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	10,193	360,800	SH		SOLE		360,800	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	36,859	769,650	SH		DFND	1	769,650	0	0
TARGA RES CORP	COM	87612G101	171,721	3,630,465	SH		DFND	1, 2	3,630,465	0	0
TARGA RES CORP	COM	87612G101	223	100,000	SH	Call	SOLE		100,000	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	5,980	114,300	SH		SOLE		114,300	0	0
TECHNIPFMC PLC	COM	G87110105	3,738	133,876	SH		DFND	1	133,876	0	0
TECHNIPFMC PLC	COM	G87110105	65	60,000	SH	Call	SOLE		60,000	0	0
TOTAL S A	SPONSORED ADR	89151E109	3,281	61,300	SH		DFND	1	61,300	0	0
TRANSCANADA CORP	COM	89353D107	2,259	45,700	SH		SOLE		45,700	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	2,507	58,700	SH		SOLE		58,700	0	0
TRINITY INDS INC	COM	896522109	1,931	60,536	SH		DFND	1	60,536	0	0
UNITED RENTALS INC	COM	911363109	15,194	109,516	SH		DFND	1	109,516	0	0
UNITED STATES STL CORP NEW	COM	912909108	2,918	113,696	SH		DFND	1	113,696	0	0
UNIVAR INC	COM	91336L107	5,361	185,297	SH		DFND	1	185,297	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	46,099	1,054,418	SH		DFND	1	1,054,418	0	0
VANECK VECTORS ETF TR	HIGH INCOME MLP	92189F288	14	240,000	SH	Put	SOLE		240,000	0	0
VULCAN MATLS CO	COM	929160109	3,974	33,227	SH		DFND	1	33,227	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	2,018	440,626	SH		DFND	1	440,626	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	39,169	951,187	SH		DFND	1	951,187	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	56,005	1,092,152	SH		DFND	1, 2	1,092,152	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	78	30,000	SH	Call	SOLE		30,000	0	0
WILLIAMS COS INC DEL	COM	969457100	70,994	2,365,659	SH		DFND	1	2,365,659	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	114,292	2,938,116	SH		DFND	1, 2	2,938,116	0	0
WPX ENERGY INC	COM	98212B103	759	66,000	SH		DFND	1	66,000	0	0
XPO LOGISTICS INC	COM	983793100	17,661	260,558	SH		DFND	1	260,558	0	0