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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
ALLIANCE RES PARTNER L P	UT LTD PART	01877R108	25,690	1,400,000	SH		DFND	1	1,400,000	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	2,559	67,423	SH		DFND	1	67,423	0	0
ANADARKO PETE CORP	COM	032511107	494	6,750	SH		SOLE		6,750	0	0
ANDEAVOR LOGISTICS LP	COM UNIT LP INT	03350F106	1,151	27,052	SH		SOLE		27,052	0	0
ANTERO MIDSTREAM GP LP	COM SHS REPSTG	03675Y103	56,801	3,011,703	SH		DFND	1 2	3,011,703	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	49,239	1,668,002	SH		DFND	1 2	1,668,002	0	0
ANTERO MIDSTREAM PARTNERS LP	UNT LTD PARTN	03673L103	96	20,000	SH	Call	SOLE		20,000	0	0
ANTERO RES CORP	COM	03674X106	3,765	176,353	SH		DFND	1	176,353	0	0
APERGY CORP	COM	03755L104	3,147	75,380	SH		DFND	1	75,380	0	0
ATLANTICA YIELD PLC	SHS	G0751N103	1,869	92,615	SH		SOLE		92,615	0	0
AVANGRID INC	COM	05351W103	2,121	40,079	SH		SOLE		40,079	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	1,925	173,255	SH		DFND	1	173,255	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	613	721,500	SH	Call	SOLE		721,500	0	0
BOEING CO	COM	097023105	2,727	8,127	SH		DFND	1	8,127	0	0
BP PLC	SPONSORED ADR	055622104	11,393	249,520	SH		DFND	1	249,520	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	G16258108	1,598	53,191	SH		SOLE		53,191	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	10,581	448,342	SH		DFND	1	448,342	0	0
CABOT OIL & GAS CORP	COM	127097103	3,967	166,685	SH		DFND	1	166,685	0	0
CALLON PETE CO DEL	COM	13123X102	4,556	424,181	SH		DFND	1	424,181	0	0
CANADIAN NAT RES LTD	COM	136385101	967	26,805	SH		DFND	1	26,805	0	0
CENTENNIAL RESOURCE DEV INC	CL A	15136A102	5,074	280,956	SH		DFND	1	280,956	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	83,755	1,284,776	SH		DFND	1	1,284,776	0	0
CHENIERE ENERGY PARTNERS LP	COM UNIT	16411Q101	2,789	77,590	SH		DFND	2	77,590	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	3,294	104,750	SH		SOLE		104,750	0	0
CHEVRON CORP NEW	COM	166764100	2,922	23,110	SH		DFND	1	23,110	0	0
CIMAREX ENERGY CO	COM	171798101	1,964	19,302	SH		DFND	1	19,302	0	0
CNX MIDSTREAM PARTNERS LP	COM UNIT REPST	12654A101	37,364	1,926,964	SH		DFND	1	1,926,964	0	0
CONCHO RES INC	COM	20605P101	2,269	16,400	SH		DFND	1	16,400	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	53,794	1,694,300	SH		DFND	1	1,694,300	0	0
CVR ENERGY INC	COM	12662P108	9,364	253,153	SH		DFND	1	253,153	0	0
DASEKE INC	COM	23753F107	2,812	283,218	SH		DFND	1	283,218	0	0
DCP MIDSTREAM LP	COM UT LTD PTN	23311P100	99,286	2,510,397	SH		DFND	1 2	2,510,397	0	0
DELEK US HLDGS INC NEW	COM	24665A103	60	48,000	SH	Call	SOLE		48,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	5,973	135,871	SH		DFND	1	135,871	0	0
DOMINION ENERGY INC	COM	25746U109	7,664	112,405	SH		SOLE		112,405	0	0
DOWDUPONT INC	COM	26078J100	4,285	65,000	SH		SOLE		65,000	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,768	35,000	SH		SOLE		35,000	0	0
EATON CORP PLC	SHS	G29183103	8,826	118,089	SH		DFND	1	118,089	0	0
EMERSON ELEC CO	COM	291011104	11,891	171,988	SH		DFND	1	171,988	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	45,231	2,643,557	SH		DFND	1 2	2,643,557	0	0
ENBRIDGE INC	COM	29250N105	5,387	150,950	SH		SOLE		150,950	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	140,019	8,117,023	SH		DFND	1 2	8,117,023	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	245,650	12,901,771	SH		DFND	1 2	12,901,771	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	54,446	3,309,766	SH		DFND	1 2	3,309,766	0	0
ENLINK MIDSTREAM PARTNERS LP	COM UNIT REP LTD	29336U107	75,297	4,848,482	SH		DFND	1 2	4,848,482	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	198,625	7,178,339	SH		DFND	1 2	7,178,339	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	253	1,328,000	SH	Call	SOLE		1,328,000	0	0
EOG RES INC	COM	26875P101	3,688	29,636	SH		DFND	1	29,636	0	0
EQT CORP	COM	26884L109	4,812	87,200	SH		SOLE		87,200	0	0
EQT GP HLDGS LP	COM UNIT REP	26885J103	31,095	1,322,644	SH		DFND	1 2	1,322,644	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	28,997	562,058	SH		DFND	1 2	562,058	0	0
EVERSOURCE ENERGY	COM	30040W108	3,033	51,750	SH		SOLE		51,750	0	0
FIRSTENERGY CORP	COM	337932107	2,514	70,000	SH		SOLE		70,000	0	0
GARDNER DENVER HLDGS INC	COM	36555P107	2,944	100,162	SH		DFND	1	100,162	0	0
GASLOG PARTNERS LP	UNIT LTD PTNRP	Y2687W108	13,229	554,687	SH		DFND	1	554,687	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	12,983	440,713	SH		DFND	1	440,713	0	0
GOLAR LNG PARTNERS LP	COM UNIT LPI	Y2745C102	35,388	2,288,974	SH		DFND	1	2,288,974	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	1,538	40,896	SH		DFND	1	40,896	0	0
HUB GROUP INC	CL A	443320106	4,176	83,851	SH		DFND	1	83,851	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	8,493	133,762	SH		DFND	1	133,762	0	0
JAGGED PEAK ENERGY INC	COM	47009K107	2,400	184,308	SH		DFND	1	184,308	0	0
JPMORGAN CHASE FINL CO LLC	CUSHING MLP 37	48129G703	3,858	210,000	SH		SOLE		210,000	0	0
KEANE GROUP INC	COM	48669A108	8,965	655,791	SH		DFND	1	655,791	0	0
KINDER MORGAN INC DEL	COM	49456B101	136,679	7,735,082	SH		DFND	1 2	7,735,082	0	0
KINDER MORGAN INC DEL	PFD SER A	49456B200	2,184	63,000	SH		DFND	1	63,000	0	0
KIRBY CORP	COM	497266106	3,535	42,288	SH		DFND	1	42,288	0	0
KNIGHT SWIFT TRANSN HLDGS IN	CL A	499049104	11,484	300,556	SH		DFND	1	300,556	0	0
LIBERTY OILFIELD SVCS INC	COM CL A	53115L104	3,122	166,796	SH		DFND	1	166,796	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	4,442	40,440	SH		SOLE		40,440	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	61,442	889,439	SH		DFND	1 2	889,439	0	0
MANITOWOC CO INC	COM NEW	563571405	2,852	110,270	SH		DFND	1	110,270	0	0
MARATHON PETE CORP	COM	56585A102	3,965	56,510	SH		SOLE		56,510	0	0
MCDERMOTT INTL INC	COM	580037703	3,326	169,274	SH		DFND	1	169,274	0	0
MPLX LP	COM UNIT REP LTD	55336V100	146,787	4,299,568	SH		DFND	1 2	4,299,568	0	0
NEWFIELD EXPL CO	COM	651290108	7,414	245,100	SH		DFND	1	245,100	0	0
NEXTERA ENERGY INC	COM	65339F101	3,634	21,758	SH		SOLE		21,758	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	67,115	1,438,081	SH		DFND	1	1,438,081	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	22,428	1,794,211	SH		DFND	1	1,794,211	0	0
NOBLE MIDSTREAM PARTNERS LP	COM UNIT REPST	65506L105	55,612	1,089,151	SH		DFND	1	1,089,151	0	0
NRG YIELD INC	CL C	62942X405	8,435	490,427	SH		SOLE		490,427	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	31,710	1,400,000	SH		DFND	1	1,400,000	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	5,690	458,900	SH		SOLE		458,900	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	2,469	29,507	SH		DFND	1	29,507	0	0
OLD DOMINION FGHT LINES INC	COM	679580100	2,788	18,716	SH		DFND	1	18,716	0	0
ONEOK INC NEW	COM	682680103	134,643	1,928,154	SH		DFND	1 2	1,928,154	0	0
OSHKOSH CORP	COM	688239201	4,167	59,260	SH		DFND	1	59,260	0	0
PARSLEY ENERGY INC	CL A	701877102	9,614	317,487	SH		DFND	1	317,487	0	0
PATTERSON UTI ENERGY INC	COM	703481101	2,151	119,480	SH		DFND	1	119,480	0	0
PEMBINA PIPELINE CORP	COM	706327103	50,041	1,446,283	SH		DFND	1	1,446,283	0	0
PHILLIPS 66	COM	718546104	8,147	72,540	SH		SOLE		72,540	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	85,953	1,683,380	SH		DFND	1 2	1,683,380	0	0
PIONEER NAT RES CO	COM	723787107	2,942	15,548	SH		DFND	1	15,548	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	93,763	3,966,304	SH		DFND	1 2	3,966,304	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	54,293	2,270,705	SH		DFND	1	2,270,705	0	0
PPL CORP	COM	69351T106	9,819	343,923	SH		DFND	1	343,923	0	0
PROPETRO HLDG CORP	COM	74347M108	4,262	271,836	SH		DFND	1	271,836	0	0
QUANTA SVCS INC	COM	74762E102	5,309	158,967	SH		DFND	1	158,967	0	0
ROCKWELL AUTOMATION INC	COM	773903109	4,371	26,295	SH		DFND	1	26,295	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	9,857	142,378	SH		DFND	1	142,378	0	0
RPC INC	COM	749660106	3,387	232,433	SH		DFND	1	232,433	0	0
RSP PERMIAN INC	COM	74978Q105	2,318	52,659	SH		DFND	1	52,659	0	0
RUSH ENTERPRISES INC	CL A	781846209	3,211	74,017	SH		DFND	1	74,017	0	0
SANCHEZ MIDSTREAM PARTNERS L	COM UNITS REP B	79971C201	236	20,000	SH		SOLE		20,000	0	0
SEMGROUP CORP	CL A	81663A105	40,299	1,586,563	SH		DFND	1 2	1,586,563	0	0
SEMPRA ENERGY	COM	816851109	1,742	15,000	SH		SOLE		15,000	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	34,202	1,542,030	SH		DFND	1 2	1,542,030	0	0
SOUTHWEST AIRLS CO	COM	844741108	5,598	110,024	SH		DFND	1	110,024	0	0
STANLEY BLACK & DECKER INC	COM	854502101	2,847	21,437	SH		DFND	1	21,437	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	19,714	1,280,108	SH		DFND	1 2	1,280,108	0	0
SUNCOR ENERGY INC NEW	COM	867224107	3,789	93,130	SH		DFND	1	93,130	0	0
SUNOCO LP	COM U REP LP	86765K109	4,493	180,000	SH		SOLE		180,000	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	1,509	68,100	SH		SOLE		68,100	0	0
TARGA RES CORP	COM	87612G101	179,866	3,634,399	SH		DFND	1 2	3,634,399	0	0
TECHNIPFMC PLC	COM	G87110105	7,872	248,002	SH		DFND	1	248,002	0	0
TELLURIAN INC NEW	COM	87968A104	4,105	493,401	SH		DFND	1	493,401	0	0
TOTAL S A	SPONSORED ADR	89151E109	3,007	49,658	SH		DFND	1	49,658	0	0
TRANSCANADA CORP	COM	89353D107	9,059	209,700	SH		SOLE		209,700	0	0
TRANSMONTAIGNE PARTNERS L P	COM UNIT L P	89376V100	357	9,700	SH		SOLE		9,700	0	0
TRINITY INDS INC	COM	896522109	3,689	107,689	SH		DFND	1	107,689	0	0
UNITED RENTALS INC	COM	911363109	11,165	75,631	SH		DFND	1	75,631	0	0
UNIVAR INC	COM	91336L107	2,754	104,943	SH		DFND	1	104,943	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,152	37,462	SH		DFND	1	37,462	0	0
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	27,382	719,257	SH		DFND	1	719,257	0	0
VERMILION ENERGY INC	COM	923725105	6,750	187,437	SH		DFND	1	187,437	0	0
VIPER ENERGY PARTNERS LP	COM UNT RP INT	92763M105	10,274	321,954	SH		DFND	1	321,954	0	0
VULCAN MATLS CO	COM	929160109	2,876	22,285	SH		DFND	1	22,285	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	3,762	1,143,518	SH		DFND	1	1,143,518	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	33,048	924,419	SH		DFND	1	924,419	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	77,238	1,596,152	SH		DFND	1 2	1,596,152	0	0
WILLIAMS COS INC DEL	COM	969457100	77,712	2,866,545	SH		DFND	1 2	2,866,545	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	150,084	3,697,569	SH		DFND	1 2	3,697,569	0	0
WPX ENERGY INC	COM	98212B103	1,190	66,000	SH		DFND	1	66,000	0	0
XPO LOGISTICS INC	COM	983793100	10,774	107,549	SH		DFND	1	107,549	0	0
XYLEM INC	COM	98419M100	5,938	88,128	SH		DFND	1	88,128	0	0