CUSIP
NO. 435763107
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13G
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PAGE
2 OF 8 PAGES
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1
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NAME
OF REPORTING PERSON
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S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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(A)
KAYNE ANDERSON CAPITAL ADVISORS, L.P. - 95-4486379
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(B)
RICHARD A. KAYNE -
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
o
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(b)
o
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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IS
A CALIFORNIA LIMITED PARTNERSHIP
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5
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SOLE
VOTING POWER
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NUMBER
OF
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0
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SHARES
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BENEFICIALLY
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6
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SHARED
VOTING POWER
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OWNED
BY
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(A)
1,364,178
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EACH
REPORTING
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(B)
1,364,178
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PERSON
WITH
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7
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SOLE
DISPOSITIVE POWER
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0
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8
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SHARED
DISPOSITIVE POWER
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(A)
1,364,178
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(B)
1,364,178
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
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(A)
1,364,178
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(B)
1,364,178
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
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SHARES*
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o
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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(A)
7.76%
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(B)
7.76%
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12
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TYPE
OF REPORTING PERSON*
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(A)
IA
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(B)
IN
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Item
1.
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(a)
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Issuer:
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Holly
Energy Partners, L.P.
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(b)
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Address:
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100
Crescent Court, Suite 1600
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Dallas,
TX 75201
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Item
2.
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(a)
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Filing
Persons:
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Kayne
Anderson
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Richard
A. Kayne
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Capital
Advisors, L.P.
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(b)
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Addresses:
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1800
Avenue of the Stars,
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1800
Avenue of the Stars,
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Second
Floor
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Second
Floor
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Los
Angeles, CA 90067
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Los
Angeles, CA 90067
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(c)
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Citizenship:
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Kayne Anderson Capital Advisors, L.P. is a California limited partnership | ||
Richard
A. Kayne is a U.S. Citizen
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(d)
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Title
of Class
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Common
Units of Securities:
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(e)
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Cusip
Number:
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435763107
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Item
3.
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If
this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), check
whether the person filing is a:
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(e)
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Kayne
Anderson Capital Advisors, L.P., is an investment adviser registered under
section 203 of the Investment Advisers Act of
1940.
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Item
4.
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Ownership
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(a)
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Amount
Beneficially Owned:
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Kayne
Anderson Capital Advisors, L.P. Managed Accounts
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1,364,178
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Richard
A. Kayne
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1,364,178
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(b)
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Percent
of Class:
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7.76%
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(c)
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Number
of shares as to which such person has:
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(i)
sole power to vote or direct to vote
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0
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(ii)
Shared power to vote or direct the vote
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1,364,178
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(iii)
sole power to dispose or direct the disposition
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0
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(iv)
shared power to dispose or direct the disposition of
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1,364,178
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Item
5.
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Ownership
of Five Percent or Less of a Class
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If
this statement is being filed to report the fact that as of the date
hereof the reporting persons have ceased to be the beneficial owner of
more than five percent of the class of securities, check the
following [ ].
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Not
applicable.
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another Person.
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Not
applicable.
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company
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Not
applicable.
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Item
8.
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Identification
and Classification of Members of the Group
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Not
applicable
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Item
9.
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Notice
of Dissolution of Group
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Not
applicable
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Item
10.
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Certification
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By
signing below we certify that, to the best of our knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or
effect.
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February 10, 2010
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Date
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/S/ RICHARD A. KAYNE
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Richard
A. Kayne
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By:
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Kayne
Anderson Investment Management, Inc.
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By:
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/S/ DAVID J. SHLADOVSKY
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David
J. Shladovsky, Secretary
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February 10, 2010
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Date
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/S/ RICHARD A. KAYNE
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Richard
A. Kayne
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By:
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Kayne
Anderson Investment Management, Inc.
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By:
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/S/ DAVID J. SHLADOVSKY
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David
J. Shladovsky, Secretary
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Box
9.
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The
reported units are owned by investment accounts (investment limited
partnerships, a registered investment company and institutional accounts)
managed, with discretion to purchase or sell securities, by Kayne Anderson
Capital Advisors, L.P., as a registered investment
adviser.
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/S/ RICHARD A. KAYNE
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Richard
A. Kayne
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By:
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Kayne
Anderson Investment Management, Inc.
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By:
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/S/ DAVID J. SHLADOVSKY
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David
J. Shladovsky, Secretary
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