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	4,008	263,500	SH		SOLE		263,500	0	0
AECOM	COM	00766T100	6,329	170,359	SH		DFND	1	170,359	0	0
AEGEAN MARINE PETROLEUM NETW	SHS	Y0017S102	167	38,809	SH		DFND	1	38,809	0	0
AK STL HLDG CORP	COM	001547108	3,335	589,136	SH		DFND	1	589,136	0	0
ALBEMARLE CORP	COM	012653101	6,097	47,673	SH		DFND	1	47,673	0	0
ALLIANCE HOLDINGS GP LP	COM UNITS LP	01861G100	509	19,000	SH		SOLE		19,000	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	1,023	94,831	SH		SOLE		94,831	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	3,618	69,535	SH		DFND	1	69,535	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	31,763	2,379,267	SH		DFND	1	2,379,267	0	0
ANADARKO PETE CORP	COM	032511107	362	6,750	SH		SOLE		6,750	0	0
ANDEAVOR	COM	03349M105	3,656	31,975	SH		SOLE		31,975	0	0
ANDEAVOR LOGISTICS LP	COM UNIT LP INT	03350F106	98,667	2,136,101	SH		DFND	1 2	2,136,101	0	0
ANTERO MIDSTREAM GP LP	COM SHS REPSTG	03675Y103	50,054	2,538,236	SH		DFND	1 2	2,538,236	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	10,796	371,734	SH		DFND	2	371,734	0	0
ANTERO RES CORP	COM	03674X106	323	17,000	SH		SOLE		17,000	0	0
AXALTA COATING SYS LTD	COM	G0750C108	4,280	132,254	SH		DFND	1	132,254	0	0
BARRETT BILL CORP	COM	06846N104	1,026	200,000	SH		DFND	1	200,000	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	757	32,272	SH		DFND	1	32,272	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	11,022	2,161,200	SH		DFND	1	2,161,200	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	44,884	3,476,670	SH		DFND	1 2	3,476,670	0	0
BP PLC	SPONSORED ADR	055622104	10,434	248,258	SH		DFND	1	248,258	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	1,684	33,986	SH		SOLE		33,986	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	10,048	300,209	SH		DFND	1	300,209	0	0
CALLON PETE CO DEL	COM	13123X102	6,654	547,618	SH		DFND	1	547,618	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	39	120,000	SH	Put	SOLE		120,000	0	0
CANADIAN NAT RES LTD	COM	136385101	2,983	83,500	SH		DFND	1	83,500	0	0
CARBO CERAMICS INC	COM	140781105	95	120,000	SH	Put	SOLE		120,000	0	0
CARVANA CO	CL A	146869102	21	24,000	SH	Put	SOLE		24,000	0	0
CENOVUS ENERGY INC	COM	15135U109	447	49,000	SH		SOLE		49,000	0	0
CENTENNIAL RESOURCE DEV INC	CL A	15136A102	3,640	183,853	SH		DFND	1	183,853	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	60,883	1,130,807	SH		DFND	1	1,130,807	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	5,928	200,000	SH		SOLE		200,000	0	0
CHEVRON CORP NEW	COM	166764100	4,958	39,600	SH		DFND	1	39,600	0	0
CIMAREX ENERGY CO	COM	171798101	1,464	12,000	SH		DFND	1	12,000	0	0
CONCHO RES INC	COM	20605P101	2,464	16,400	SH		DFND	1	16,400	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	5,076	176,699	SH		DFND	1	176,699	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	56,187	2,177,800	SH		DFND	1	2,177,800	0	0
CSX CORP	COM	126408103	4,256	77,372	SH		DFND	1	77,372	0	0
CVR ENERGY INC	COM	12662P108	1,862	50,000	SH		SOLE		50,000	0	0
DASEKE INC	COM	23753F107	7,467	522,566	SH		DFND	1	522,566	0	0
DCP MIDSTREAM LP	COM UT LTD PTN	23311P100	72,622	1,998,972	SH		DFND	1 2	1,998,972	0	0
DEVON ENERGY CORP NEW	COM	25179M103	3,855	93,120	SH		DFND	1	93,120	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	31	90,000	SH	Put	SOLE		90,000	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	22	27,000	SH	Put	SOLE		27,000	0	0
DOMINION ENERGY INC	COM	25746U109	649	8,005	SH		SOLE		8,005	0	0
DOMINION ENERGY MIDSTRM PRTN	COM UT REP LTD	257454108	46,784	1,536,436	SH		DFND	1 2	1,536,436	0	0
DOVER CORP	COM	260003108	3,232	32,000	SH		SOLE		32,000	0	0
DOWDUPONT INC	COM	26078J100	4,629	65,000	SH		SOLE		65,000	0	0
EMERGE ENERGY SVCS LP	COM REP PARTN	29102H108	1,674	232,794	SH		DFND	1	232,794	0	0
EMERGE ENERGY SVCS LP	COM REP PARTN	29102H108	24	75,000	SH	Call	SOLE		75,000	0	0
EMERSON ELEC CO	COM	291011104	13,050	187,253	SH		DFND	1	187,253	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	37,814	2,659,183	SH		DFND	1 2	2,659,183	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	34,525	2,500,000	SH		DFND	1	2,500,000	0	0
ENBRIDGE INC	COM	29250N105	1,338	34,200	SH		SOLE		34,200	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	123,530	7,157,042	SH		DFND	1 2	7,157,042	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	235,666	13,151,023	SH		DFND	1 2	13,151,023	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	60	1,200,000	SH	Call	SOLE		1,200,000	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	36,072	2,049,495	SH		DFND	1	2,049,495	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	74,102	4,821,198	SH		DFND	1 2	4,821,198	0	0
ENSCO PLC	SHS CLASS A	G3157S106	177	30,000	SH		SOLE		30,000	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	155,927	5,881,822	SH		DFND	1 2	5,881,822	0	0
EOG RES INC	COM	26875P101	3,198	29,636	SH		DFND	1	29,636	0	0
EQT CORP	COM	26884L109	8,017	140,850	SH		DFND	1	140,850	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	34,863	1,296,008	SH		DFND	1 2	1,296,008	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	70,663	966,662	SH		DFND	1 2	966,662	0	0
EXELON CORP	COM	30161N101	1,119	28,400	SH		SOLE		28,400	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	4,146	289,731	SH		DFND	1	289,731	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	1,286	245,736	SH		DFND	1	245,736	0	0
FIRSTENERGY CORP	COM	337932107	3,368	110,000	SH		SOLE		110,000	0	0
FRANKS INTL N V	COM	N33462107	166	25,000	SH		SOLE		25,000	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	24,249	979,764	SH		DFND	1	979,764	0	0
GENESEE & WYO INC	CL A	371559105	3,367	42,768	SH		DFND	1	42,768	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	496	22,200	SH		SOLE		22,200	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	22,377	750,649	SH		DFND	1	750,649	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	44,585	1,955,500	SH		DFND	1	1,955,500	0	0
GRANITE CONSTR INC	COM	387328107	2,293	36,148	SH		DFND	1	36,148	0	0
HALLIBURTON CO	COM	406216101	5,744	117,537	SH		DFND	1	117,537	0	0
HESS MIDSTREAM PARTNERS LP	UNIT LTD PR INT	428104103	2,457	124,040	SH		SOLE		124,040	0	0
HI-CRUSH PARTNERS LP	COM UNIT LTD	428337109	9,292	868,375	SH		DFND	1	868,375	0	0
HUB GROUP INC	CL A	443320106	9,148	190,987	SH		DFND	1	190,987	0	0
HUNTSMAN CORP	COM	447011107	1,248	37,500	SH		SOLE		37,500	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	13,064	198,053	SH		DFND	1	198,053	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	1,120	700,000	SH	Call	SOLE		700,000	0	0
JPMORGAN CHASE FINL CO LLC	CUSHING MLP 37	48129G703	3,990	200,000	SH		SOLE		200,000	0	0
KEANE GROUP INC	COM	48669A108	7,450	391,913	SH		DFND	1	391,913	0	0
KEY ENERGY SVCS INC DEL	COM	49309J103	177	15,000	SH		SOLE		15,000	0	0
KINDER MORGAN INC DEL	COM	49456B101	41,514	2,297,400	SH		DFND	1 2	2,297,400	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	2,391	63,000	SH		DFND	1	63,000	0	0
KNIGHT SWIFT TRANSN HLDGS IN	CL A	499049104	10,864	248,477	SH		DFND	1	248,477	0	0
KOSMOS ENERGY LTD	SHS	G5315B107	1,103	161,000	SH		SOLE		161,000	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,365	21,435	SH		SOLE		21,435	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	58,524	824,990	SH		DFND	1 2	824,990	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	236	152,000	SH	Call	SOLE		152,000	0	0
MARATHON PETE CORP	COM	56585A102	8,317	126,045	SH		SOLE		126,045	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	3,799	17,187	SH		DFND	1	17,187	0	0
MPLX LP	COM UNIT REP LTD	55336V100	148,054	4,174,041	SH		DFND	1 2	4,174,041	0	0
MRC GLOBAL INC	COM	55345K103	6,676	394,538	SH		DFND	1	394,538	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	2,369	346,847	SH		DFND	1	346,847	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	14	36,000	SH	Put	SOLE		36,000	0	0
NCS MULTISTAGE HLDGS INC	COM	628877102	2,534	171,921	SH		DFND	1	171,921	0	0
NEWFIELD EXPL CO	COM	651290108	6,412	203,364	SH		DFND	1	203,364	0	0
NEXTERA ENERGY INC	COM	65339F101	594	3,800	SH		SOLE		3,800	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	37,379	867,050	SH		DFND	1	867,050	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	86,886	6,184,050	SH		DFND	1	6,184,050	0	0
NOBLE MIDSTREAM PARTNERS LP	COM UNIT REPST	65506L105	18,278	365,550	SH		DFND	1	365,550	0	0
NOW INC	COM	67011P100	154	14,000	SH		SOLE		14,000	0	0
NRG YIELD INC	CL C	62942X405	9,452	500,100	SH		SOLE		500,100	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	17,251	576,000	SH		DFND	1	576,000	0	0
OASIS MIDSTREAM PARTNERS LP	COM UNITS REPS	67420T206	4,360	250,000	SH		SOLE		250,000	0	0
OASIS PETE INC NEW	COM	674215108	210	25,000	SH		SOLE		25,000	0	0
ONEOK INC NEW	COM	682680103	96,176	1,799,380	SH		DFND	1 2	1,799,380	0	0
PARSLEY ENERGY INC	CL A	701877102	6,252	212,361	SH		DFND	1	212,361	0	0
PBF ENERGY INC	CL A	69318G106	3,545	100,000	SH		SOLE		100,000	0	0
PHILLIPS 66	COM	718546104	25,876	255,823	SH		SOLE		255,823	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	97,167	1,856,115	SH		DFND	1 2	1,856,115	0	0
PIONEER NAT RES CO	COM	723787107	4,234	24,496	SH		DFND	1	24,496	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	34,063	1,650,350	SH		DFND	1 2	1,650,350	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	86	210,000	SH	Call	SOLE		210,000	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	32,775	1,493,193	SH		DFND	1	1,493,193	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	227	75,000	SH		SOLE		75,000	0	0
QEP RES INC	COM	74733V100	2,986	312,000	SH		SOLE		312,000	0	0
QUANTA SVCS INC	COM	74762E102	7,685	196,505	SH		DFND	1	196,505	0	0
RANGE RES CORP	COM	75281A109	281	16,500	SH		SOLE		16,500	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	44,620	2,078,226	SH		DFND	1	2,078,226	0	0
ROCKWELL AUTOMATION INC	COM	773903109	5,504	28,031	SH		DFND	1	28,031	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	13,189	197,700	SH		DFND	1	197,700	0	0
RSP PERMIAN INC	COM	74978Q105	12,530	308,008	SH		DFND	1	308,008	0	0
SANCHEZ MIDSTREAM PARTNERS L	COM UNITS REP B	79971C201	3,242	292,100	SH		SOLE		292,100	0	0
SCHLUMBERGER LTD	COM	806857108	2,022	30,000	SH		SOLE		30,000	0	0
SELECT ENERGY SVCS INC	CL A COM	81617J301	6,241	342,187	SH		DFND	1	342,187	0	0
SEMGROUP CORP	CL A	81663A105	64,148	2,124,101	SH		DFND	1 2	2,124,101	0	0
SEMPRA ENERGY	COM	816851109	576	5,385	SH		SOLE		5,385	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	103,788	3,480,493	SH		DFND	1 2	3,480,493	0	0
SOUTHWEST AIRLS CO	COM	844741108	5,040	77,012	SH		DFND	1	77,012	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	223	40,000	SH		SOLE		40,000	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	41	240,000	SH	Call	SOLE		240,000	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	23,123	584,800	SH		DFND	1	584,800	0	0
SPIRIT AIRLS INC	COM	848577102	3,463	77,215	SH		DFND	1	77,215	0	0
SRC ENERGY INC	COM	78470V108	299	35,060	SH		SOLE		35,060	0	0
STATOIL ASA	SPONSORED ADR	85771P102	3,882	181,237	SH		DFND	1	181,237	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	32,084	1,565,073	SH		DFND	1 2	1,565,073	0	0
SUNCOR ENERGY INC NEW	COM	867224107	6,781	184,658	SH		DFND	1	184,658	0	0
SUNOCO LP	COM U REP LP	86765K109	3,976	140,000	SH		SOLE		140,000	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	112	225,000	SH	Call	SOLE		225,000	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	8,520	331,000	SH		SOLE		331,000	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	25,217	550,000	SH		DFND	1	550,000	0	0
TARGA RES CORP	COM	87612G101	166,984	3,448,647	SH		DFND	1 2	3,448,647	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	6,069	114,300	SH		SOLE		114,300	0	0
TECHNIPFMC PLC	COM	G87110105	4,913	156,917	SH		DFND	1	156,917	0	0
TELLURIAN INC NEW	COM	87968A104	4,806	493,436	SH		DFND	1	493,436	0	0
TOTAL S A	SPONSORED ADR	89151E109	3,389	61,300	SH		DFND	1	61,300	0	0
TRANSCANADA CORP	COM	89353D107	1,586	32,600	SH		SOLE		32,600	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	2,698	68,400	SH		SOLE		68,400	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	107	10,000	SH		SOLE		10,000	0	0
TRINITY INDS INC	COM	896522109	3,637	97,086	SH		DFND	1	97,086	0	0
UBS AG JERSEY BRH	ALERIAN INFRST	902641646	873	36,101	SH		SOLE		36,101	0	0
UNITED RENTALS INC	COM	911363109	12,841	74,694	SH		DFND	1	74,694	0	0
UNITED STATES STL CORP NEW	COM	912909108	3,094	87,920	SH		DFND	1	87,920	0	0
UNIVAR INC	COM	91336L107	6,339	204,738	SH		DFND	1	204,738	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,044	44,000	SH		SOLE		44,000	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	46,322	1,040,935	SH		DFND	1	1,040,935	0	0
VIPER ENERGY PARTNERS LP	COM UNT RP INT	92763M105	373	16,000	SH		SOLE		16,000	0	0
VULCAN MATLS CO	COM	929160109	3,888	30,291	SH		DFND	1	30,291	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	6,443	1,545,030	SH		DFND	1	1,545,030	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	25	360,000	SH	Call	SOLE		360,000	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	34,203	920,409	SH		DFND	1	920,409	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	55,918	1,162,761	SH		DFND	1 2	1,162,761	0	0
WILLIAMS COS INC DEL	COM	969457100	50,587	1,659,116	SH		DFND	1	1,659,116	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	129,952	3,350,990	SH		DFND	1 2	3,350,990	0	0
WPX ENERGY INC	COM	98212B103	929	66,000	SH		DFND	1	66,000	0	0
XPO LOGISTICS INC	COM	983793100	16,768	183,071	SH		DFND	1	183,071	0	0