SEC 13F Intelligence

Managers / Q1 2024

Cubic Asset Management, LLC

CIK 0001424322 · 800 BOYLSTON STREET, SUITE 2830, BOSTON, MA, 02199 · 617-456-1382

Reported Value
$422M
Q1 2024
Positions
202
Filings on Record
23
2019–present window
Filed
Apr 24, 2024
original filing

Summary

Cubic Asset Management, LLC reported $422M in U.S.-listed holdings across 202 positions for Q1 2024.

Its largest position, MSFT, represents 6.0% of the portfolio.

Compared with Q4 2023, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+29.0%
share of reported value
Largest Position
+6.0%
Microsoft
New / Exited
4 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $306MQ4 ’18Q1 ’19: $338MQ2 ’19: $333MQ3 ’19: $334MQ3 ’19Q4 ’19: $355MQ1 ’20: $247MQ2 ’20: $280MQ2 ’20Q3 ’20: $279MQ4 ’20: $337MQ1 ’21: $379MQ1 ’21Q2 ’21: $405MQ3 ’21: $404MQ4 ’21: $442MQ4 ’21Q1 ’22: $429MQ2 ’22: $371MQ3 ’22: $336MQ3 ’22Q4 ’22: $350MQ1 ’23: $358MQ2 ’23: $372MQ2 ’23Q3 ’23: $363MQ4 ’23: $389MQ1 ’24: $422MQ1 ’24filingsflow.com

Portfolio Composition

By security type
Common Stock: 94.3%ETP: 2.6%Other: 1.5%REIT: 0.8%ADR: 0.8%Closed-End Fund: 0.0%
  • Common Stock · 94.3% · $398M
  • ETP · 2.6% · $11M
  • Other · 1.5% · $6M
  • REIT · 0.8% · $3M
  • ADR · 0.8% · $3M
  • Closed-End Fund · 0.0% · $128,048

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LNCLINCOLN NATIONAL CORP INNEW+103.7K103.7K+$3M$3M
LYTSLSI INDUSTRIES INCNEW+46.4K46.4K+$701,190$701,190
PKGPACKAGING CORP OF AMERICANEW+1.2K1.2K+$227,736$227,736
HSIHEIDRICK & STRUGGLES INCNEW+6.3K6.3K+$213,741$213,741
IBMINTL BUSINESS MACHINESSOLD OUT−23.5K0−$4M$0
BABOEING COSOLD OUT−12.9K0−$3M$0
QCOMQUALCOMM INCSOLD OUT−12.3K0−$2M$0
NEW YORK COMMUNITY BANCORPSOLD OUT−85.4K0−$874,102$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2024

201 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.01%$25M60.3K
2METAMETA PLATFORMS INC-Ahistory →COM4.09%$17M35.6K
3GOOGALPHABET INC-CL CCOM3.47%$15M96.2K
4PNCPNC FINANCIAL SERVICES GROUPhistory →COM3.02%$13M79.1K
5BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.58%$11M25.9K
6ALLALLSTATE CORPhistory →COM2.41%$10M58.9K
7AXPAMERICAN EXPRESS COhistory →COM1.91%$8M35.4K
8AFLA F L A C INChistory →COM1.88%$8M92.4K
9FDXFEDEX CORPORATIONhistory →COM1.85%$8M27.0K
10LOWLOWE'S COS INChistory →COM1.79%$8M29.7K
11LKQLKQ CORPhistory →COM1.79%$8M141.5K
12ABBVABBVIE INChistory →COM1.71%$7M39.7K
13GSGOLDMAN SACHS GROUP INChistory →COM1.69%$7M17.1K
14AMZNAMAZON.COM INChistory →COM1.68%$7M39.3K
15OMCOMNICOM GROUP INChistory →COM1.66%$7M72.5K
16MAMASTERCARD INC-CLASS Ahistory →COM1.59%$7M13.9K
17CCITIGROUP INChistory →COM1.57%$7M105.0K
18CVSCVS INChistory →COM1.47%$6M78.0K
19UNHUNITEDHEALTH GROUP INChistory →COM1.39%$6M11.9K
20JNJJOHNSON & JOHNSONhistory →COM1.35%$6M36.1K
21DALDELTA AIRLINES INChistory →COM1.34%$6M118.3K
22AMATAPPLIED MATERIALS INChistory →COM1.32%$6M27.0K
23GPCGENUINE PARTS COhistory →COM1.31%$6M35.8K
24DISTHE WALT DISNEY COhistory →COM1.25%$5M43.3K
25INTCINTEL CORPhistory →COM1.24%$5M119.0K
26GPIGROUP 1 AUTOMOTIVEhistory →COM1.17%$5M17.0K
27CICIGNA CORPhistory →COM1.11%$5M12.9K
28PFEPFIZER INCORPORATEDhistory →COM1.04%$4M158.4K
29ADIANALOG DEVICES INCCOM1.00%$4M21.3K
30CSCOCISCO SYSTEMS INCCOM0.91%$4M77.4K
31NVDANVIDIA CORPCOM0.90%$4M4.2K
32KMBKIMBERLY-CLARK CORPCOM0.88%$4M28.6K
33GNRCGENERAC HOLDINGS INCCOM0.85%$4M28.5K
34VVISA INC-CLASS ACOM0.85%$4M12.8K
35SPYS P D R S&P 500COM0.84%$4M6.8K
36TTDTHE TRADE DESK, INC.COM0.83%$3M40.0K
37LNCLINCOLN NATIONAL CORP INCOM0.78%$3M103.7K
38MRKMERCK & CO INC NEWCOM0.78%$3M25.1K
39RTXRTX CORPCOM0.76%$3M32.9K
40TE CONNECTIVITY LTD FCOM0.76%$3M22.0K
41CMCSACOMCAST CORP CL ACOM0.74%$3M71.8K
42ARCCARES CAPITAL CORPCOM0.73%$3M149.1K
43DOWDOW INCCOM0.71%$3M52.0K
44MHOM/I HOMES INCCOM0.71%$3M22.0K
45SUSUNCOR ENERGY INC NEW FCOM0.63%$3M71.8K
46NEENEXTERA ENERGY INCCOM0.62%$3M41.2K
47VZVERIZON COMMUNICATIONSCOM0.62%$3M62.6K
48BNYBANK OF NY MELLON CP NEWCOM0.60%$3M44.2K
49SNASNAP ON INCCOM0.59%$3M8.5K
50BMYBRISTOL-MYERS SQUIBB COCOM0.59%$2M45.7K
51IPINTERNATIONAL PAPERCOM0.57%$2M62.1K
52ABTABBOTT LABORATORIESCOM0.57%$2M21.2K
53DVNDEVON ENERGY CP NEWCOM0.57%$2M47.9K
54NVSNOVARTIS A G SPON ADRCOM0.54%$2M23.5K
55AAPLAPPLE INCCOM0.53%$2M13.1K
56IRMIRON MOUNTAIN INCCOM0.52%$2M27.5K
57USBU S BANCORP DEL NEWCOM0.51%$2M48.5K
58COHRCOHERENT INCCOM0.50%$2M35.0K
59ITTITT INCCOM0.50%$2M15.5K
60MDTMEDTRONIC PLCCOM0.47%$2M23.0K
61EFAISHARES MSCI EAFE ETFCOM0.46%$2M24.4K
62EXMOCEXXON MOBIL CORPCOM0.45%$2M16.4K
63AVTAVNET INCCOM0.44%$2M37.9K
64TJXTJX COMPANIESCOM0.44%$2M18.2K
65AMEAMETEK INCCOM0.43%$2M9.9K
66TA T & T INC NEWCOM0.42%$2M100.4K
67DYDYCOM INDUSTRIESCOM0.40%$2M11.9K
68DHIDR HORTON INCCOM0.39%$2M10.0K
69PGRPROGRESSIVE CORPCOM0.38%$2M7.8K
70LCIILCI INDUSTRIESCOM0.38%$2M12.9K
71GILDGILEAD SCIENCES INCCOM0.36%$2M20.9K
72CRCRANE HOLDINGS COCOM0.35%$1M10.8K
73PGPROCTER & GAMBLECOM0.34%$1M8.9K
74TRVTRAVELERS COMPANIES INCCOM0.34%$1M6.2K
75LLYELI LILLY & COCOM0.34%$1M1.8K
76MSIMOTOROLA SOLUTIONS INCCOM0.34%$1M4.0K
77LEGLEGGETT & PLATT INCCOM0.33%$1M73.1K
78UFPIUFP INDUSTRIES, INCCOM0.33%$1M11.3K
79ORCLORACLE CORPORATIONCOM0.33%$1M11.0K
80VRTXVERTEX PHARMACEUTICALSCOM0.32%$1M3.2K
81JPMJPMORGAN CHASE & COCOM0.31%$1M6.6K
82METMETLIFE INCCOM0.30%$1M17.1K
83COPCONOCOPHILLIPSCOM0.29%$1M9.6K
84CAHCARDINAL HEALTHCOM0.29%$1M10.9K
85LSTRLANDSTAR SYSTEM INCCOM0.29%$1M6.3K
86SPBSPECTRUM BRANDS HOLDINGS INCCOM0.28%$1M13.5K
87AON PLCCOM0.28%$1M3.5K
88BACBANK OF AMERICA CORPCOM0.26%$1M29.1K
89TMHCTAYLOR MORRISON HOME CORPCOM0.26%$1M17.3K
90GNTXGENTEX CORPCOM0.25%$1M29.5K
91MODMODINE MANUFACTURING COCOM0.25%$1M11.1K
92LENLENNAR CORP-ACOM0.25%$1M6.1K
93WHRWHIRLPOOL CORPCOM0.25%$1M8.7K
94MCDMCDONALDS CORPCOM0.23%$992,4643.5K
95GISGENERAL MILLS INCCOM0.23%$990,07614.2K
96SLBSCHLUMBERGER LTDCOM0.23%$961,42217.5K
97AIZASSURANT INCCOM0.23%$960,0245.1K
98JCIJOHNSON CONTROLS INCCOM0.23%$952,30014.6K
99BAXBAXTER INTERNATIONALCOM0.22%$940,23722.0K
100PIONEER NATURAL RES COCOM0.22%$925,0503.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2024$422M202Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$389M204Jan 24, 202413F-HRchanges · EDGAR ↗
Q3 2023$363M201Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$372M201Jul 31, 202313F-HRchanges · EDGAR ↗
Q1 2023$358M196Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$350M196Jan 30, 202313F-HRchanges · EDGAR ↗
Q3 2022$336M194Oct 24, 202213F-HRchanges · EDGAR ↗
Q2 2022$371M195Jul 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$429M197Apr 25, 202213F-HRchanges · EDGAR ↗
Q4 2021$442M205Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$404M187Nov 12, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$405M185Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$379M179Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$337M169Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$279M156Oct 27, 202013F-HRchanges · EDGAR ↗
Q2 2020$280M156Jul 24, 202013F-HRchanges · EDGAR ↗
Q1 2020$247M157Apr 27, 202013F-HRchanges · EDGAR ↗
Q4 2019$355M169Jan 24, 202013F-HRchanges · EDGAR ↗
Q3 2019$334M164Oct 28, 201913F-HRchanges · EDGAR ↗
Q2 2019$333M170Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$338M175Apr 29, 201913F-HRchanges · EDGAR ↗
Q4 2018$306M162Jan 28, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.