SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$306M
Q4 2018
Positions
162
Filings on Record
23
2019–present window
Filed
Jan 28, 2019
original filing

Summary

Cubic Asset Management, LLC reported $306M in U.S.-listed holdings across 162 positions for Q4 2018.

Its largest position, MSFT, represents 3.7% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+23.5%
share of reported value
Largest Position
+3.7%
Microsoft

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: 90.4%Other: 3.5%ETP: 2.8%REIT: 2.0%ADR: 1.2%
  • Common Stock · 90.4% · $277M
  • Other · 3.5% · $11M
  • ETP · 2.8% · $9M
  • REIT · 2.0% · $6M
  • ADR · 1.2% · $4M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
MSFTMICROSOFT CORPNEW+110.7K110.7K+$11M$11M
DALDELTA AIRLINES INCNEW+151.6K151.6K+$8M$8M
PFEPFIZER INCORPORATEDNEW+166.2K166.2K+$7M$7M
ALLALLSTATE CORPNEW+85.6K85.6K+$7M$7M
PNCPNC FINANCIAL SERVICES GROUPNEW+60.1K60.1K+$7M$7M
BRK/BBERKSHIRE HATHAWAY B NEW CLASSNEW+33.1K33.1K+$7M$7M
INTCINTEL CORPNEW+140.9K140.9K+$7M$7M
UNHUNITEDHEALTH GROUP INCNEW+25.0K25.0K+$6M$6M

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

Holdings — Q4 2018

161 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.67%$11M110.7K
2DALDELTA AIRLINES INChistory →COM2.47%$8M151.6K
3PFEPFIZER INCORPORATEDhistory →COM2.37%$7M166.2K
4ALLALLSTATE CORPhistory →COM2.31%$7M85.6K
5PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.30%$7M60.1K
6BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.21%$7M33.1K
7INTCINTEL CORPhistory →COM2.16%$7M140.9K
8UNHUNITEDHEALTH GROUP INChistory →COM2.04%$6M25.0K
9JNJJOHNSON & JOHNSONhistory →COM2.00%$6M47.4K
10MMM3M COMPANYhistory →COM1.93%$6M31.1K
11AFLA F L A C INChistory →COM1.93%$6M129.9K
12GOOGALPHABET INC-CL CCOM1.93%$6M5.7K
13AXPAMERICAN EXPRESS COhistory →COM1.92%$6M61.7K
14OMCOMNICOM GROUP INChistory →COM1.91%$6M79.9K
15CVSCVS INChistory →COM1.85%$6M86.5K
16DISTHE WALT DISNEY COhistory →COM1.81%$6M50.4K
17BCBRUNSWICK CORPhistory →COM1.77%$5M116.5K
18GPCGENUINE PARTS COhistory →COM1.72%$5M54.9K
19CCITIGROUP INChistory →COM1.68%$5M98.5K
20MDTMEDTRONIC PLChistory →COM1.63%$5M55.0K
21FDXFEDEX CORPORATIONhistory →COM1.61%$5M30.6K
22WHRWHIRLPOOL CORPhistory →COM1.61%$5M46.1K
23UTXZUNITED TECHNOLOGIES CORPhistory →COM1.42%$4M40.7K
24GSGOLDMAN SACHS GROUP INChistory →COM1.40%$4M25.7K
25KMBKIMBERLY-CLARK CORPhistory →COM1.37%$4M36.9K
26DISCOVERY, INC - ACOM1.36%$4M168.7K
27LKQLKQ CORPhistory →COM1.34%$4M172.3K
28ARCONIC CORPCOM1.31%$4M237.3K
29IPINTERNATIONAL PAPERhistory →COM1.29%$4M97.8K
30TE CONNECTIVITY LTD FCOM1.29%$4M52.0K
31AAPLAPPLE INChistory →COM1.27%$4M24.6K
32MPTMEDICAL PROPERTIES TRUST INChistory →COM1.25%$4M238.7K
33ABBVABBVIE INChistory →COM1.22%$4M40.4K
34TA T & T INC NEWhistory →COM1.18%$4M126.7K
35NVSNOVARTIS A G SPON ADRhistory →COM1.10%$3M39.1K
36ATLAS AIR WORLDWIDE HOLDINGSCOM1.08%$3M78.1K
37CNKCINEMARK HOLDINGS INChistory →COM1.01%$3M86.0K
38ARCCARES CAPITAL CORPCOM1.00%$3M195.7K
39ADIANALOG DEVICES INCCOM0.96%$3M34.1K
40GPIGROUP 1 AUTOMOTIVECOM0.94%$3M54.6K
41BAXBAXTER INTERNATIONALCOM0.91%$3M42.5K
42CMPCOMPASS MINERALS INTERNATIONALCOM0.91%$3M66.9K
43BNYBANK OF NY MELLON CP NEWCOM0.89%$3M58.0K
44IBMINTL BUSINESS MACHINESCOM0.84%$3M22.6K
45SPBSPECTRUM BRANDS HOLDINGS INCCOM0.82%$3M59.7K
46PHMPULTEGROUP INCCOM0.82%$3M97.0K
47EFAISHARES MSCI EAFE ETFCOM0.80%$2M41.7K
48ABTABBOTT LABORATORIESCOM0.76%$2M32.4K
49SUSUNCOR ENERGY INC NEW FCOM0.75%$2M81.5K
50SYFSYNCHRONY FINANCIALCOM0.73%$2M95.2K
51GILDGILEAD SCIENCES INCCOM0.70%$2M34.2K
52ITTITT INCCOM0.64%$2M40.6K
53VZVERIZON COMMUNICATIONSCOM0.63%$2M34.3K
54COHERENT INCCOM0.62%$2M17.9K
55CHSPCHESAPEAKE LODGING TRUSTCOM0.60%$2M75.2K
56BMYBRISTOL-MYERS SQUIBB COCOM0.60%$2M35.1K
57SPYS P D R S&P 500COM0.58%$2M7.2K
58CSCOCISCO SYSTEMS INCCOM0.57%$2M40.4K
59ITWILLINOIS TOOL WORKS INCCOM0.57%$2M13.7K
60EXMOCEXXON MOBIL CORPCOM0.57%$2M25.4K
61MRKMERCK & CO INC NEWCOM0.48%$1M19.1K
62PROASSURANCE CORPORATIONCOM0.46%$1M34.4K
63SXTSENSIENT TECHNOLOGIES CORPCOM0.45%$1M24.7K
64DLXDELUXE CORPORATIONCOM0.44%$1M34.7K
65COPCONOCOPHILLIPSCOM0.43%$1M21.2K
66LSTRLANDSTAR SYSTEM INCCOM0.43%$1M13.7K
67CIGNA CORPCOM0.42%$1M6.8K
68AMATAPPLIED MATERIALS INCCOM0.41%$1M38.5K
69CRANE COCOM0.39%$1M16.7K
70LCIILCI INDUSTRIESCOM0.39%$1M17.7K
71KNKNOWLES CORPCOM0.38%$1M88.1K
72MLRMILLER INDS INC TENN COM NEWCOM0.38%$1M43.5K
73HDHOME-DEPOT INCCOM0.37%$1M6.7K
74CMCCOMMERCIAL METALS COCOM0.36%$1M68.1K
75TERRITORIAL BANCORP INC COMCOM0.34%$1M40.0K
76PGPROCTER & GAMBLECOM0.33%$1M11.1K
77LMTLOCKHEED MARTIN CORPCOM0.33%$1M3.9K
78TGNATEGNA INCCOM0.31%$959,00088.2K
79LEALEAR CORPORATIONCOM0.30%$925,0007.5K
80ZBHZIMMER BIOMET HOLDINGS INCCOM0.30%$919,0008.9K
81TRVTRAVELERS COMPANIES INCCOM0.28%$849,0007.1K
82PATTERSON COS INCCOM0.28%$843,00042.9K
83AON PLCCOM0.27%$814,0005.6K
84IWNISHARES RUSSELL 2000 VALUECOM0.26%$784,0007.3K
85PIONEER NATURAL RES COCOM0.25%$759,0005.8K
86CMCSACOMCAST CORP CL ACOM0.23%$716,00021.0K
87JCIJOHNSON CONTROLS INCCOM0.23%$699,00023.6K
88SAFEGUARD SCIENT INC NEWCOM0.23%$697,00080.8K
89LABORATORY CRP OF AMER HLDGSCOM0.23%$689,0005.5K
90TIPISHARES TR BARCLAYS TIPS BONDCOM0.22%$677,0006.2K
91LLOEWS CORPCOM0.22%$660,00014.5K
92BACBANK OF AMERICA CORPCOM0.21%$633,00025.7K
93AALAMERICAN AIRLINES GROUPCOM0.20%$621,00019.3K
94PURE TECH HEALTH PLCCOM0.20%$610,000265.0K
95JEFJEFFERIES FINANCIAL GROUP INCCOM0.19%$583,00033.6K
96APOGAPOGEE ENTERPRISESCOM0.19%$573,00019.2K
97IWSiSHARES RUSSELL MIDCAP VALUECOM0.18%$563,0007.4K
98EOGE O G RESOURCES INCCOM0.18%$558,0006.4K
99ALKALASKA AIR GROUPCOM0.18%$555,0009.1K
100KOCOCA COLA COMPANYCOM0.18%$554,00011.7K

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 ↗.