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

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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
ACUITY BRANDS INC	COM	00508Y102	2,889	20,753	SH		DFND	1	20,753	0	0
AECOM	COM	00766T100	3,724	104,515	SH		DFND	1	104,515	0	0
AEGEAN MARINE PETROLEUM NETW	SHS	Y0017S102	87	38,809	SH		DFND	1	38,809	0	0
ALBEMARLE CORP	COM	012653101	4,715	50,838	SH		DFND	1	50,838	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	3,624	153,055	SH		DFND	1	153,055	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	8,098	864,244	SH		SOLE		864,244	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	3,386	65,170	SH		DFND	1	65,170	0	0
AMERICAN MIDSTREAM PARTNERS	COM UNITS	02752P100	24,973	2,312,308	SH		DFND	1	2,312,308	0	0
ANADARKO PETE CORP	COM	032511107	408	6,750	SH		SOLE		6,750	0	0
ANDEAVOR LOGISTICS LP	COM UNIT LP INT	03350f106	93,392	2,084,179	SH		DFND	1 2	2,084,179	0	0
ANTERO MIDSTREAM GP LP	COM SHS REPSTG	03675Y103	44,379	2,775,443	SH		DFND	1 2	2,775,443	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	2,925	112,974	SH		DFND	2	112,974	0	0
ANTERO RES CORP	COM	03674X106	337	17,000	SH		SOLE		17,000	0	0
ATLANTICA YIELD PLC	SHS	G0751N103	1,618	82,615	SH		SOLE		82,615	0	0
AVANGRID INC	COM	05351W103	1,793	35,079	SH		SOLE		35,079	0	0
AXALTA COATING SYS LTD	COM	G0750C108	2,767	91,660	SH		DFND	1	91,660	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	2,413	167,125	SH		DFND	1	167,125	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	9,185	2,161,200	SH		DFND	1	2,161,200	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	44,481	4,382,322	SH		DFND	1 2	4,382,322	0	0
BOEING CO	COM	097023105	10,444	31,853	SH		DFND	1	31,853	0	0
BP PLC	SPONSORED ADR	055622104	10,470	258,258	SH		DFND	1	258,258	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	G16258108	1,656	53,191	SH		SOLE		53,191	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	5,986	231,849	SH		DFND	1	231,849	0	0
CALLON PETE CO DEL	COM	13123X102	6,307	476,388	SH		DFND	1	476,388	0	0
CANADIAN NAT RES LTD	COM	136385101	2,628	83,500	SH		DFND	1	83,500	0	0
CENTENNIAL RESOURCE DEV INC	CL A	15136A102	3,320	180,930	SH		DFND	1	180,930	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	62,197	1,163,649	SH		DFND	1	1,163,649	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	2,328	80,000	SH		SOLE		80,000	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	2,892	104,750	SH		SOLE		104,750	0	0
CHEVRON CORP NEW	COM	166764100	2,965	26,000	SH		DFND	1	26,000	0	0
CIMAREX ENERGY CO	COM	171798101	1,122	12,000	SH		DFND	1	12,000	0	0
CONCHO RES INC	COM	20605P101	2,465	16,400	SH		DFND	1	16,400	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	7,186	240,889	SH		DFND	1	240,889	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	39,552	1,545,000	SH		DFND	1	1,545,000	0	0
CSX CORP	COM	126408103	3,079	55,275	SH		DFND	1	55,275	0	0
CVR ENERGY INC	COM	12662P108	2,720	90,000	SH		SOLE		90,000	0	0
DASEKE INC	COM	23753F107	8,173	834,872	SH		DFND	1	834,872	0	0
DCP MIDSTREAM LP	COM UT LTD PTN	23311P100	68,395	1,947,474	SH		DFND	1 2	1,947,474	0	0
DEVON ENERGY CORP NEW	COM	25179M103	2,960	93,120	SH		DFND	1	93,120	0	0
DOMINION ENERGY INC	COM	25746U109	5,253	77,905	SH		SOLE		77,905	0	0
DOMINION ENERGY MIDSTRM PRTN	COM UT REP LTD	257454108	11,098	723,007	SH		DFND	1 2	723,007	0	0
DOVER CORP	COM	260003108	2,456	25,000	SH		SOLE		25,000	0	0
DOWDUPONT INC	COM	26078J100	4,141	65,000	SH		SOLE		65,000	0	0
EMERSON ELEC CO	COM	291011104	12,751	186,690	SH		DFND	1	186,690	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	36,329	2,647,865	SH		DFND	1 2	2,647,865	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	21,015	2,180,000	SH		DFND	1	2,180,000	0	0
ENBRIDGE INC	COM	29250N105	4,245	134,900	SH		SOLE		134,900	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	105,236	7,405,797	SH		DFND	1 2	7,405,797	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	206,185	12,711,755	SH		DFND	1 2	12,711,755	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	33,295	2,272,725	SH		DFND	1	2,272,725	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	54,488	3,988,867	SH		DFND	1 2	3,988,867	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	232	664,000	SH	Call	SOLE		664,000	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	155,190	6,339,461	SH		DFND	1 2	6,339,461	0	0
EOG RES INC	COM	26875P101	3,120	29,636	SH		DFND	1	29,636	0	0
EQT CORP	COM	26884L109	6,552	137,900	SH		SOLE		137,900	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	31,818	1,378,589	SH		DFND	1 2	1,378,589	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	31,533	534,186	SH		DFND	1 2	534,186	0	0
EXELON CORP	COM	30161N101	3,862	99,000	SH		SOLE		99,000	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	3,320	289,731	SH		DFND	1	289,731	0	0
FIRSTENERGY CORP	COM	337932107	4,761	140,000	SH		SOLE		140,000	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	16,600	712,464	SH		DFND	1	712,464	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	16,979	620,591	SH		DFND	1	620,591	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	37,460	2,189,350	SH		DFND	1	2,189,350	0	0
GRANITE CONSTR INC	COM	387328107	1,934	34,615	SH		DFND	1	34,615	0	0
HIGHPOINT RES CORP	COM	43114K108	315	62,000	SH		SOLE		62,000	0	0
HOLLYFRONTIER CORP	COM	436106108	3,298	67,500	SH		SOLE		67,500	0	0
HUB GROUP INC	CL A	443320106	7,186	171,715	SH		DFND	1	171,715	0	0
HUNTSMAN CORP	COM	447011107	1,828	62,500	SH		SOLE		62,500	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	11,568	195,563	SH		DFND	1	195,563	0	0
JPMORGAN CHASE FINL CO LLC	CUSHING MLP 37	48129G703	5,986	359,200	SH		SOLE		359,200	0	0
KEANE GROUP INC	COM	48669A108	7,622	514,967	SH		DFND	1	514,967	0	0
KINDER MORGAN INC DEL	COM	49456B101	75,472	5,011,404	SH		DFND	1 2	5,011,404	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	1,959	63,000	SH		DFND	1	63,000	0	0
KNIGHT SWIFT TRANSN HLDGS IN	CL A	499049104	11,429	248,411	SH	��	DFND	1	248,411	0	0
LIBERTY OILFIELD SVCS INC	COM CL A	53115L104	1,769	104,739	SH		DFND	1	104,739	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	4,167	39,435	SH		SOLE		39,435	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	58,903	1,009,469	SH		DFND	1 2	1,009,469	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	711	342,000	SH	Call	SOLE		342,000	0	0
MARATHON PETE CORP	COM	56585A102	2,474	33,845	SH		SOLE		33,845	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	3,563	17,187	SH		DFND	1	17,187	0	0
MPLX LP	COM UNIT REP LTD	55336V100	127,195	3,849,720	SH		DFND	1 2	3,849,720	0	0
MRC GLOBAL INC	COM	55345K103	2,843	172,949	SH		DFND	1	172,949	0	0
NCS MULTISTAGE HLDGS INC	COM	628877102	1,804	120,239	SH		DFND	1	120,239	0	0
NEWFIELD EXPL CO	COM	651290108	4,867	199,288	SH		DFND	1	199,288	0	0
NEXTERA ENERGY INC	COM	65339F101	2,737	16,758	SH		SOLE		16,758	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	34,315	858,081	SH		DFND	1	858,081	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	52,846	4,804,180	SH		DFND	1	4,804,180	0	0
NOBLE MIDSTREAM PARTNERS LP	COM UNIT REPST	65506L105	29,318	628,743	SH		DFND	1	628,743	0	0
NRG YIELD INC	CL C	62942X405	6,718	395,197	SH		SOLE		395,197	0	0
ONEOK INC NEW	COM	682680103	123,675	2,172,791	SH		DFND	1 2	2,172,791	0	0
PARSLEY ENERGY INC	CL A	701877102	9,608	331,419	SH		DFND	1	331,419	0	0
PBF ENERGY INC	CL A	69318G106	3,390	100,000	SH		SOLE		100,000	0	0
PEMBINA PIPELINE CORP	COM	706327103	3,042	97,400	SH		SOLE		97,400	0	0
PHILLIPS 66	COM	718546104	6,555	68,335	SH		SOLE		68,335	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	67,797	1,418,950	SH		DFND	1 2	1,418,950	0	0
PIONEER NAT RES CO	COM	723787107	2,671	15,548	SH		DFND	1	15,548	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	100,852	4,577,933	SH		DFND	1 2	4,577,933	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	64,613	2,970,710	SH		DFND	1	2,970,710	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	104	37,500	SH		SOLE		37,500	0	0
PROPETRO HLDG CORP	COM	74347M108	2,912	183,287	SH		DFND	1	183,287	0	0
QUANTA SVCS INC	COM	74762E102	6,498	189,164	SH		DFND	1	189,164	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	4,766	263,300	SH		SOLE		263,300	0	0
ROCKWELL AUTOMATION INC	COM	773903109	4,732	27,165	SH		DFND	1	27,165	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	11,390	178,500	SH		DFND	1	178,500	0	0
RSP PERMIAN INC	COM	74978Q105	2,469	52,659	SH		DFND	1	52,659	0	0
SANCHEZ MIDSTREAM PARTNERS L	COM UNITS REP B	79971C201	207	20,000	SH		SOLE		20,000	0	0
SCHLUMBERGER LTD	COM	806857108	1,943	30,000	SH		SOLE		30,000	0	0
SELECT ENERGY SVCS INC	CL A COM	81617J301	2,917	231,122	SH		DFND	1	231,122	0	0
SEMGROUP CORP	CL A	81663A105	34,425	1,608,655	SH		DFND	1 2	1,608,655	0	0
SEMPRA ENERGY	COM	816851109	1,722	15,485	SH		SOLE		15,485	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	62,776	2,982,224	SH		DFND	1 2	2,982,224	0	0
SOUTHWEST AIRLS CO	COM	844741108	5,848	102,088	SH		DFND	1	102,088	0	0
SPECTRA ENERGY PARTNERS LP	COM	84756N109	8,040	239,000	SH		DFND	1	239,000	0	0
SPIRIT AIRLS INC	COM	848577102	2,924	77,385	SH		DFND	1	77,385	0	0
STANLEY BLACK & DECKER INC	COM	854502101	3,005	19,617	SH		DFND	1	19,617	0	0
STATOIL ASA	SPONSORED ADR	85771P102	4,286	181,237	SH		DFND	1	181,237	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	20,613	1,467,122	SH		DFND	1 2	1,467,122	0	0
SUNCOR ENERGY INC NEW	COM	867224107	6,378	184,658	SH		DFND	1	184,658	0	0
SUNOCO LP	COM U REP LP	86765K109	3,571	140,000	SH		SOLE		140,000	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	951	50,000	SH		SOLE		50,000	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	4,354	114,900	SH		SOLE		114,900	0	0
TARGA RES CORP	COM	87612G101	161,367	3,667,431	SH		DFND	1 2	3,667,431	0	0
TECHNIPFMC PLC	COM	G87110105	4,647	157,794	SH		DFND	1	157,794	0	0
TELLURIAN INC NEW	COM	87968A104	4,496	623,634	SH		DFND	1	623,634	0	0
TOTAL S A	SPONSORED ADR	89151E109	3,536	61,300	SH		DFND	1	61,300	0	0
TRANSCANADA CORP	COM	89353D107	6,378	154,400	SH		SOLE		154,400	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	347	9,700	SH		SOLE		9,700	0	0
TRINITY INDS INC	COM	896522109	3,465	106,177	SH		DFND	1	106,177	0	0
U S CONCRETE INC	COM NEW	90333L201	3,071	50,852	SH		DFND	1	50,852	0	0
UNITED RENTALS INC	COM	911363109	11,237	65,058	SH		DFND	1	65,058	0	0
UNITED STATES STL CORP NEW	COM	912909108	1,888	53,663	SH		DFND	1	53,663	0	0
UNIVAR INC	COM	91336L107	4,689	168,968	SH		DFND	1	168,968	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,082	44,000	SH		SOLE		44,000	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	23,420	661,030	SH		DFND	1	661,030	0	0
VIPER ENERGY PARTNERS LP	COM UNT RP INT	92763M105	407	16,000	SH		SOLE		16,000	0	0
VULCAN MATLS CO	COM	929160109	3,658	32,037	SH		DFND	1	32,037	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	3,712	1,621,144	SH		DFND	1	1,621,144	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	29,807	899,976	SH		DFND	1	899,976	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	64,901	1,521,002	SH		DFND	1 2	1,521,002	0	0
WILLIAMS COS INC DEL	COM	969457100	48,695	1,958,758	SH		DFND	1	1,958,758	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	123,694	3,592,629	SH		DFND	1 2	3,592,629	0	0
WPX ENERGY INC	COM	98212B103	975	66,000	SH		DFND	1	66,000	0	0
XPO LOGISTICS INC	COM	983793100	13,523	132,827	SH		DFND	1	132,827	0	0