# EDGAR Filing Document

**Accession Number:** 0001329375
**File Stem:** 0001315863-23-000333
**Filing Date:** 2023-2
**Character Count:** 12320
**Document Hash:** 0f7ac1a1a407c6df386d9cee56f1d6dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001315863-23-000333.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001315863-23-000333

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CUSHING ASSET MANAGEMENT, LP
- **CENTRAL INDEX KEY:** 0001329375
- **IRS NUMBER:** 202700256
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12384
- **FILM NUMBER:** 23628642

**BUSINESS ADDRESS:**
- **STREET 1:** 600 NORTH PEARL STREET
- **STREET 2:** SUITE 1205
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214.692.6334

**MAIL ADDRESS:**
- **STREET 1:** 600 NORTH PEARL STREET
- **STREET 2:** SUITE 1205
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CUSHING MLP ASSET MANAGEMENT, LP
- **DATE OF NAME CHANGE:** 20110210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Swank Energy Income Advisors, L.P.
- **DATE OF NAME CHANGE:** 20101105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Swank Energy Income Advisors, LP
- **DATE OF NAME CHANGE:** 20050607

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CUSHING ASSET MANAGEMENT LP<br>**Address:** 600 NORTH PEARL STREET<br>SUITE 1205<br>DALLAS, TX 75201

**Form 13F File Number:** 028-12384

**CRD Number (if applicable):** 000131517

**SEC File Number (if applicable):** 801-63255

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mark Rhodes<br>**Title:** Chief Executive Officer<br>**Phone:** 214.692.6334

**Signature, Place, and Date of Signing:**

/s/ Mark Rhodes  Dallas, TX  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 3

**Form 13F Information Table Entry Total:** 75

**Form 13F Information Table Value Total:** $1061465263

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                    | Form 13F File Number   |
|:---|:---|:---|
|  | NEW YORK LIFE INVESTMENT MANAGEMENT LLC | 028-06325              |
|  | Citigroup Global Markets Inc.           | 028-00541              |
|  | Wilshire Advisors LLC                   | 028-17359              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 1219200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 3856491 | 101300 | SH |  | SOLE |  | 101300 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 11421000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| ALTUS POWER INC | COM CL A | 02217A102 |  | 2189279 | 335779 | SH |  | DFND | 3 | 335779 | 0 | 0 |
| AMERESCO INC | CL A | 02361E108 |  | 711222 | 12447 | SH |  | DFND | 3 | 12447 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 4492491 | 21205 | SH |  | SOLE |  | 21205 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 439970 | 22761 | SH |  | DFND | 3 | 22761 | 0 | 0 |
| ATLANTICA SUSTAINABLE INFR P | SHS | G0751N103 |  | 8521100 | 329000 | SH |  | DFND | 3 | 329000 | 0 | 0 |
| AZURE PWR GLOBAL LTD | SHS | V0393H103 |  | 1591873 | 369344 | SH |  | DFND | 3 | 369344 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 554480 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| CHARGEPOINT HOLDINGS INC | COM CL A | 15961R105 |  | 476500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 64759476 | 431845 | SH |  | DFND | 1   2 | 431265 | 0 | 580 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 1421750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 23220960 | 728615 | SH |  | DFND | 1   3 | 728335 | 0 | 280 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 496326 | 41395 | SH |  | SOLE |  | 41395 | 0 | 0 |
| CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 226344208 |  | 35799163 | 1366902 | SH |  | DFND | 1   2 | 1365812 | 0 | 1090 |
| CROWN CASTLE INC | COM | 22822V101 |  | 3524470 | 25984 | SH |  | SOLE |  | 25984 | 0 | 0 |
| DCP MIDSTREAM LP | COM UT LTD PTN | 23311P100 |  | 2253118 | 58085 | SH |  | SOLE |  | 57475 | 0 | 610 |
| DELEK LOGISTICS PARTNERS LP | COM UNT RP INT | 24664T103 |  | 1131250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 4356732 | 43450 | SH |  | SOLE |  | 43450 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 29062339 | 525920 | SH |  | DFND | 1 | 525480 | 0 | 440 |
| ENBRIDGE INC | COM | 29250N105 |  | 36845103 | 942330 | SH |  | DFND | 1   2 | 941330 | 0 | 1000 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 87222920 | 7348182 | SH |  | DFND | 1   2 | 7340247 | 0 | 7935 |
| ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 29336T100 |  | 36259404 | 2947919 | SH |  | DFND | 1   2 | 2944354 | 0 | 3565 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 1875387 | 7078 | SH |  | DFND | 3 | 7078 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 41898973 | 1737105 | SH |  | DFND | 1   2 | 1734665 | 0 | 2440 |
| EQUITRANS MIDSTREAM CORP | COM | 294600101 |  | 16311096 | 2434492 | SH |  | DFND | 1   2 | 2430664 | 0 | 3828 |
| EVGO INC | CL A COM | 30052F100 |  | 223500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| EXCELERATE ENERGY INC | CL A COM | 30069T101 |  | 8166300 | 326000 | SH |  | DFND | 1 | 326000 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 3382152 | 197210 | SH |  | DFND | 3 | 197210 | 0 | 0 |
| FREYR BATTERY | SHS | L4135L100 |  | 1291462 | 148786 | SH |  | DFND | 3 | 148786 | 0 | 0 |
| FTC SOLAR INC | COM | 30320C103 |  | 1017333 | 379602 | SH |  | DFND | 3 | 379602 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 2019172 | 97923 | SH |  | SOLE |  | 97923 | 0 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 1522873 | 149155 | SH |  | SOLE |  | 148170 | 0 | 985 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 28213513 | 942965 | SH |  | DFND | 1 | 942290 | 0 | 675 |
| JINKOSOLAR HLDG CO LTD | SPONSORED ADR | 47759T100 |  | 1037085 | 25369 | SH |  | DFND | 3 | 25369 | 0 | 0 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 3340000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 43186701 | 2388645 | SH |  | DFND | 1   2 | 2385625 | 0 | 3020 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 464141 | 22752 | SH |  | DFND | 3 | 22752 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 8605542 | 171391 | SH |  | DFND | 1   2 | 170716 | 0 | 675 |
| MARATHON PETE CORP | COM | 56585A102 |  | 34230300 | 294100 | SH |  | DFND | 1   2 | 293720 | 0 | 380 |
| MAXEON SOLAR TECHNOLOGIES LT | SHS | Y58473102 |  | 2440927 | 151988 | SH |  | DFND | 3 | 151988 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 41124481 | 1252268 | SH |  | DFND | 1   2 | 1249883 | 0 | 2385 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 7008081 | 165207 | SH |  | SOLE |  | 165207 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2675200 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| NEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 65341B106 |  | 23383846 | 333626 | SH |  | DFND | 1   3 | 333281 | 0 | 345 |
| NIO INC | SPON ADS | 62914V106 |  | 309943 | 31789 | SH |  | DFND | 3 | 31789 | 0 | 0 |
| NIU TECHNOLOGIES | ADS | 65481N100 |  | 1326019 | 253541 | SH |  | DFND | 3 | 253541 | 0 | 0 |
| NUSTAR ENERGY LP | UNIT COM | 67058H102 |  | 8944000 | 559000 | SH |  | SOLE |  | 559000 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 48230173 | 734097 | SH |  | DFND | 1   2 | 733297 | 0 | 800 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 52176805 | 1536872 | SH |  | DFND | 1   2 | 1535502 | 0 | 1370 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 3160677 | 268765 | SH |  | DFND | 2 | 265535 | 0 | 3230 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 72344858 | 5815503 | SH |  | DFND | 1   2 | 5812363 | 0 | 3140 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 3471331 | 280625 | SH |  | DFND | 3 | 280625 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 2946031 | 535642 | SH |  | DFND | 3 | 535642 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 251158 | 896 | SH |  | SOLE |  | 896 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 2099280 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 2694137 | 109207 | SH |  | DFND | 3 | 109207 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 5229928 | 181280 | SH |  | SOLE |  | 181280 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 5167128 | 18241 | SH |  | DFND | 3 | 18241 | 0 | 0 |
| SPDR SER TR | S OILGAS EXP | 78468R556 |  | 2038200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| STEM INC | COM | 85859N102 |  | 1960649 | 219312 | SH |  | DFND | 3 | 219312 | 0 | 0 |
| SUNNOVA ENERGY INTL INC. | COM | 86745K104 |  | 3735688 | 207423 | SH |  | DFND | 3 | 207423 | 0 | 0 |
| SUNPOWER CORP | COM | 867652406 |  | 384598 | 21331 | SH |  | DFND | 3 | 21331 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 4843081 | 201627 | SH |  | DFND | 3 | 201627 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 89318303 | 1215215 | SH |  | DFND | 1   2 | 1213890 | 0 | 1325 |
| TC ENERGY CORP | COM | 87807B107 |  | 28610512 | 717775 | SH |  | DFND | 1 | 717165 | 0 | 610 |
| TESLA INC | COM | 88160R101 |  | 934074 | 7583 | SH |  | DFND | 3 | 7583 | 0 | 0 |
| TRITIUM DCFC LIMITED | ORDINARY SHARES | Q9225T108 |  | 356325 | 212098 | SH |  | DFND | 3 | 212098 | 0 | 0 |
| VIPER ENERGY PARTNERS LP | COM UNT RP INT | 92763M105 |  | 6157723 | 193700 | SH |  | SOLE |  | 193700 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 3378861 | 595919 | SH |  | SOLE |  | 595919 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 34458109 | 1283356 | SH |  | DFND | 1   2 | 1281486 | 0 | 1870 |
| WILLIAMS COS INC | COM | 969457100 |  | 40952209 | 1244748 | SH |  | DFND | 1   2 | 1243257 | 0 | 1491 |
| XPENG INC | ADS | 98422D105 |  | 227626 | 22900 | SH |  | DFND | 3 | 22900 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 513155 | 4641 | SH |  | DFND | 3 | 4641 | 0 | 0 |

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