SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$334M
Q3 2019
Positions
164
Filings on Record
23
2019–present window
Filed
Oct 28, 2019
original filing

Summary

Cubic Asset Management, LLC reported $334M in U.S.-listed holdings across 164 positions for Q3 2019.

Its largest position, MSFT, represents 3.4% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 10.

Portfolio Metrics

Turnover
+5.8%
vs prior filed quarter
Top-10 Concentration
+23.3%
share of reported value
Largest Position
+3.4%
Microsoft
New / Exited
4 / 10
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: 91.7%Other: 2.9%ETP: 2.6%REIT: 1.7%ADR: 1.1%
  • Common Stock · 91.7% · $306M
  • Other · 2.9% · $10M
  • ETP · 2.6% · $9M
  • REIT · 1.7% · $6M
  • ADR · 1.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DOWDOW INCNEW+44.1K44.1K+$2M$2M
CICIGNA CORPNEW+10.7K10.7K+$2M$2M
PKPARK HOTELS & RESORTS INCNEW+44.3K44.3K+$1M$1M
FHNFIRST HORIZON NATIONAL CORPNEW+60.5K60.5K+$981,000$981,000
COHERENT INCSOLD OUT−15.8K0−$2M$0
CHSPCHESAPEAKE LODGING TRUSTSOLD OUT−63.2K0−$2M$0
CIGNA CORPSOLD OUT−6.8K0−$1M$0
ALCALCON INCSOLD OUT−7.3K0−$453,000$0

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

Holdings — Q3 2019

163 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.39%$11M81.4K
2ALLALLSTATE CORPhistory →COM2.56%$9M78.7K
3PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.52%$8M60.0K
4DALDELTA AIRLINES INChistory →COM2.45%$8M141.8K
5CCITIGROUP INChistory →COM2.26%$8M109.3K
6GOOGALPHABET INC-CL CCOM2.18%$7M6.0K
7AXPAMERICAN EXPRESS COhistory →COM2.04%$7M57.4K
8BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.00%$7M32.2K
9AAPLAPPLE INChistory →COM1.98%$7M29.5K
10INTCINTEL CORPhistory →COM1.96%$7M127.2K
11WHRWHIRLPOOL CORPhistory →COM1.93%$6M40.7K
12DISTHE WALT DISNEY COhistory →COM1.90%$6M48.7K
13AFLA F L A C INChistory →COM1.86%$6M118.7K
14OMCOMNICOM GROUP INChistory →COM1.83%$6M77.9K
15BCBRUNSWICK CORPhistory →COM1.80%$6M115.2K
16PFEPFIZER INCORPORATEDhistory →COM1.77%$6M164.8K
17MDTMEDTRONIC PLChistory →COM1.69%$6M52.0K
18JNJJOHNSON & JOHNSONhistory →COM1.69%$6M43.5K
19CVSCVS INChistory →COM1.65%$5M87.1K
20UTXZUNITED TECHNOLOGIES CORPhistory →COM1.61%$5M39.2K
21LKQLKQ CORPhistory →COM1.58%$5M167.5K
22FDXFEDEX CORPORATIONhistory →COM1.56%$5M35.7K
23GSGOLDMAN SACHS GROUP INChistory →COM1.55%$5M25.0K
24GPCGENUINE PARTS COhistory →COM1.53%$5M51.4K
25KMBKIMBERLY-CLARK CORPhistory →COM1.49%$5M34.9K
26UNHUNITEDHEALTH GROUP INChistory →COM1.43%$5M21.9K
27MMM3M COMPANYhistory →COM1.38%$5M27.9K
28TA T & T INC NEWhistory →COM1.37%$5M121.1K
29GPIGROUP 1 AUTOMOTIVEhistory →COM1.34%$4M48.3K
30TE CONNECTIVITY LTD FCOM1.32%$4M47.1K
31DISCOVERY, INC - ACOM1.27%$4M159.0K
32IPINTERNATIONAL PAPERhistory →COM1.21%$4M96.5K
33MPTMEDICAL PROPERTIES TRUST INChistory →COM1.19%$4M203.1K
34CMPCOMPASS MINERALS INTERNATIONALhistory →COM1.14%$4M67.5K
35ARCCARES CAPITAL CORPhistory →COM1.09%$4M194.8K
36BAXBAXTER INTERNATIONALhistory →COM1.08%$4M41.3K
37ADIANALOG DEVICES INChistory →COM1.03%$3M30.7K
38ABBVABBVIE INCCOM0.98%$3M43.3K
39IBMINTL BUSINESS MACHINESCOM0.97%$3M22.4K
40NVSNOVARTIS A G SPON ADRCOM0.96%$3M36.9K
41CNKCINEMARK HOLDINGS INCCOM0.93%$3M80.6K
42SYFSYNCHRONY FINANCIALCOM0.91%$3M89.3K
43SPBSPECTRUM BRANDS HOLDINGS INCCOM0.86%$3M54.4K
44SUSUNCOR ENERGY INC NEW FCOM0.84%$3M88.6K
45CCLCARNIVAL CORPCOM0.83%$3M63.7K
46EFAISHARES MSCI EAFE ETFCOM0.77%$3M39.6K
47VZVERIZON COMMUNICATIONSCOM0.77%$3M42.3K
48ABTABBOTT LABORATORIESCOM0.74%$2M29.5K
49BNYBANK OF NY MELLON CP NEWCOM0.73%$2M54.2K
50BMYBRISTOL-MYERS SQUIBB COCOM0.64%$2M42.2K
51SPYS P D R S&P 500COM0.63%$2M7.1K
52DOWDOW INCCOM0.63%$2M44.1K
53ATLAS AIR WORLDWIDE HOLDINGSCOM0.62%$2M82.2K
54GILDGILEAD SCIENCES INCCOM0.60%$2M31.7K
55DLXDELUXE CORPORATIONCOM0.59%$2M40.4K
56ITWILLINOIS TOOL WORKS INCCOM0.58%$2M12.4K
57ITTITT INCCOM0.58%$2M31.4K
58CSCOCISCO SYSTEMS INCCOM0.57%$2M38.4K
59AMATAPPLIED MATERIALS INCCOM0.51%$2M34.0K
60EXMOCEXXON MOBIL CORPCOM0.50%$2M23.6K
61CICIGNA CORPCOM0.49%$2M10.7K
62MRKMERCK & CO INC NEWCOM0.47%$2M18.8K
63SXTSENSIENT TECHNOLOGIES CORPCOM0.44%$1M21.3K
64HDHOME-DEPOT INCCOM0.44%$1M6.3K
65LCIILCI INDUSTRIESCOM0.42%$1M15.3K
66LMTLOCKHEED MARTIN CORPCOM0.39%$1M3.4K
67TGNATEGNA INCCOM0.39%$1M83.4K
68CRANE COCOM0.38%$1M15.9K
69PGPROCTER & GAMBLECOM0.38%$1M10.1K
70COPCONOCOPHILLIPSCOM0.35%$1M20.6K
71CMCCOMMERCIAL METALS COCOM0.35%$1M67.3K
72II-VI INCCOM0.35%$1M33.1K
73LSTRLANDSTAR SYSTEM INCCOM0.35%$1M10.3K
74ZBHZIMMER BIOMET HOLDINGS INCCOM0.33%$1M8.1K
75PKPARK HOTELS & RESORTS INCCOM0.33%$1M44.3K
76AON PLCCOM0.31%$1M5.4K
77TRVTRAVELERS COMPANIES INCCOM0.31%$1M7.0K
78TERRITORIAL BANCORP INC COMCOM0.31%$1M36.2K
79FHNFIRST HORIZON NATIONAL CORPCOM0.29%$981,00060.5K
80PLANTRONICS INC NEW COMCOM0.28%$942,00025.2K
81ASIXADVANSIX INCCOM0.28%$940,00036.6K
82SAFEGUARD SCIENT INC NEWCOM0.27%$904,00079.8K
83CMCSACOMCAST CORP CL ACOM0.26%$875,00019.4K
84LABORATORY CRP OF AMER HLDGSCOM0.26%$867,0005.2K
85PNRPENTAIR PLCCOM0.26%$865,00022.9K
86MLRMILLER INDS INC TENN COM NEWCOM0.26%$859,00025.8K
87WILLIAM LYON HOMES-CL ACOM0.26%$853,00041.9K
88FOEFERRO CORPCOM0.25%$844,00071.1K
89PBFPBF ENERGY INCCOM0.25%$832,00030.6K
90KNKNOWLES CORPCOM0.24%$804,00039.5K
91MSIMOTOROLA SOLUTIONS INCCOM0.23%$755,0004.4K
92BACBANK OF AMERICA CORPCOM0.23%$753,00025.8K
93PATTERSON COS INCCOM0.22%$749,00042.0K
94JCIJOHNSON CONTROLS INCCOM0.22%$720,00016.4K
95PURE TECH HEALTH PLCCOM0.21%$717,000230.0K
96TIPISHARES TR BARCLAYS TIPS BONDCOM0.21%$711,0006.1K
97NEW YORK COMMUNITY BANCORPCOM0.21%$708,00056.4K
98VYXNCR CORP NEWCOM0.21%$701,00022.2K
99MKSIMKS INSTRUMENTS INCCOM0.20%$675,0007.3K
100ORCLORACLE CORPORATIONCOM0.20%$672,00012.2K

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 ↗.