SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$355M
Q4 2019
Positions
169
Filings on Record
23
2019–present window
Filed
Jan 24, 2020
original filing

Summary

Cubic Asset Management, LLC reported $355M in U.S.-listed holdings across 169 positions for Q4 2019.

Its largest position, MSFT, represents 3.6% of the portfolio.

Compared with Q3 2019, the fund opened 9 new positions and exited 4.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+24.4%
share of reported value
Largest Position
+3.6%
Microsoft
New / Exited
9 / 4
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: 2.8%ETP: 2.7%REIT: 1.7%ADR: 1.1%
  • Common Stock · 91.7% · $326M
  • Other · 2.8% · $10M
  • ETP · 2.7% · $10M
  • REIT · 1.7% · $6M
  • ADR · 1.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BFHALLIANCE DATA SYSTEMS CORPNEW+21.4K21.4K+$2M$2M
AGXARGAN INCNEW+32.9K32.9K+$1M$1M
VVISA INC-CLASS ANEW+1.4K1.4K+$268,000$268,000
HSIHEIDRICK & STRUGGLES INCNEW+8.0K8.0K+$259,000$259,000
MOALTRIA GROUP INCNEW+4.6K4.6K+$230,000$230,000
LLYELI LILLY & CONEW+1.7K1.7K+$229,000$229,000
IWVISHARES RUSSELL 3000 INDEXNEW+1.2K1.2K+$223,000$223,000
BROOKFIELD ASSET MANAGEMENT INNEW+3.6K3.6K+$208,000$208,000

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

Holdings — Q4 2019

168 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.58%$13M80.6K
2PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.69%$10M59.8K
3CCITIGROUP INChistory →COM2.49%$9M110.7K
4ALLALLSTATE CORPhistory →COM2.43%$9M76.9K
5AAPLAPPLE INChistory →COM2.41%$9M29.1K
6GOOGALPHABET INC-CL CCOM2.30%$8M6.1K
7DALDELTA AIRLINES INChistory →COM2.29%$8M138.7K
8INTCINTEL CORPhistory →COM2.12%$8M125.6K
9BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.11%$7M33.0K
10AXPAMERICAN EXPRESS COhistory →COM1.95%$7M55.7K
11DISTHE WALT DISNEY COhistory →COM1.94%$7M47.7K
12PFEPFIZER INCORPORATEDhistory →COM1.89%$7M171.3K
13CVSCVS INChistory →COM1.88%$7M89.7K
14UNHUNITEDHEALTH GROUP INChistory →COM1.79%$6M21.6K
15OMCOMNICOM GROUP INChistory →COM1.78%$6M78.0K
16JNJJOHNSON & JOHNSONhistory →COM1.77%$6M43.0K
17AFLA F L A C INChistory →COM1.72%$6M115.3K
18LKQLKQ CORPhistory →COM1.68%$6M166.9K
19MDTMEDTRONIC PLChistory →COM1.64%$6M51.4K
20UTXZUNITED TECHNOLOGIES CORPhistory →COM1.62%$6M38.5K
21GSGOLDMAN SACHS GROUP INChistory →COM1.61%$6M24.9K
22FDXFEDEX CORPORATIONhistory →COM1.50%$5M35.3K
23GPCGENUINE PARTS COhistory →COM1.50%$5M50.0K
24DISCOVERY, INC - ACOM1.45%$5M156.7K
25MMM3M COMPANYhistory →COM1.37%$5M27.6K
26TA T & T INC NEWhistory →COM1.35%$5M122.4K
27KMBKIMBERLY-CLARK CORPhistory →COM1.34%$5M34.6K
28IPINTERNATIONAL PAPERhistory →COM1.26%$4M96.9K
29TE CONNECTIVITY LTD FCOM1.25%$4M46.3K
30ABBVABBVIE INChistory →COM1.21%$4M48.3K
31MPTMEDICAL PROPERTIES TRUST INChistory →COM1.19%$4M200.6K
32SUSUNCOR ENERGY INC NEW Fhistory →COM1.14%$4M123.5K
33ARCCARES CAPITAL CORPhistory →COM1.02%$4M194.5K
34CMPCOMPASS MINERALS INTERNATIONALhistory →COM1.02%$4M59.4K
35VZVERIZON COMMUNICATIONSCOM1.00%$4M57.7K
36ADIANALOG DEVICES INCCOM0.98%$3M29.2K
37NVSNOVARTIS A G SPON ADRCOM0.96%$3M35.8K
38SPBSPECTRUM BRANDS HOLDINGS INCCOM0.95%$3M52.3K
39BAXBAXTER INTERNATIONALCOM0.95%$3M40.2K
40SYFSYNCHRONY FINANCIALCOM0.92%$3M90.5K
41CCLCARNIVAL CORPCOM0.88%$3M61.4K
42CSCOCISCO SYSTEMS INCCOM0.84%$3M61.9K
43IBMINTL BUSINESS MACHINESCOM0.83%$3M21.9K
44DOWDOW INCCOM0.83%$3M53.5K
45BMYBRISTOL-MYERS SQUIBB COCOM0.81%$3M44.8K
46EFAISHARES MSCI EAFE ETFCOM0.78%$3M40.0K
47CNKCINEMARK HOLDINGS INCCOM0.77%$3M80.5K
48BNYBANK OF NY MELLON CP NEWCOM0.75%$3M53.0K
49ABTABBOTT LABORATORIESCOM0.72%$3M29.2K
50BFHALLIANCE DATA SYSTEMS CORPCOM0.68%$2M21.4K
51MRKMERCK & CO INC NEWCOM0.66%$2M25.9K
52GPIGROUP 1 AUTOMOTIVECOM0.66%$2M23.5K
53ITTITT INCCOM0.65%$2M31.4K
54CICIGNA CORPCOM0.65%$2M11.3K
55SPYS P D R S&P 500COM0.64%$2M7.1K
56ATLAS AIR WORLDWIDE HOLDINGSCOM0.60%$2M77.0K
57AMATAPPLIED MATERIALS INCCOM0.58%$2M34.0K
58ITWILLINOIS TOOL WORKS INCCOM0.58%$2M11.5K
59DLXDELUXE CORPORATIONCOM0.51%$2M36.5K
60EXMOCEXXON MOBIL CORPCOM0.47%$2M24.0K
61FHNFIRST HORIZON NATIONAL CORPCOM0.46%$2M99.4K
62LCIILCI INDUSTRIESCOM0.46%$2M15.3K
63GILDGILEAD SCIENCES INCCOM0.45%$2M24.7K
64CAGCONAGRA FOODS INCCOM0.40%$1M42.0K
65SXTSENSIENT TECHNOLOGIES CORPCOM0.39%$1M20.9K
66CRANE COCOM0.39%$1M15.9K
67HDHOME-DEPOT INCCOM0.38%$1M6.2K
68CMCCOMMERCIAL METALS COCOM0.38%$1M60.7K
69TGNATEGNA INCCOM0.38%$1M80.2K
70COPCONOCOPHILLIPSCOM0.38%$1M20.5K
71II-VI INCCOM0.37%$1M39.4K
72AGXARGAN INCCOM0.37%$1M32.9K
73LMTLOCKHEED MARTIN CORPCOM0.37%$1M3.3K
74PGPROCTER & GAMBLECOM0.35%$1M9.9K
75MFICAPOLLO INVESTMENT CORPCOM0.34%$1M69.7K
76ZBHZIMMER BIOMET HOLDINGS INCCOM0.34%$1M8.1K
77PKPARK HOTELS & RESORTS INCCOM0.34%$1M46.1K
78LSTRLANDSTAR SYSTEM INCCOM0.33%$1M10.2K
79TERRITORIAL BANCORP INC COMCOM0.32%$1M36.2K
80PNRPENTAIR PLCCOM0.30%$1M23.0K
81FOEFERRO CORPCOM0.30%$1M70.9K
82AON PLCCOM0.29%$1M5.0K
83TRVTRAVELERS COMPANIES INCCOM0.27%$959,0007.0K
84MLRMILLER INDS INC TENN COM NEWCOM0.27%$956,00025.8K
85PBFPBF ENERGY INCCOM0.27%$949,00030.3K
86BACBANK OF AMERICA CORPCOM0.26%$934,00026.5K
87CMCSACOMCAST CORP CL ACOM0.25%$899,00020.0K
88PLANTRONICS INC NEW COMCOM0.25%$893,00032.7K
89LABORATORY CRP OF AMER HLDGSCOM0.25%$882,0005.2K
90NOMDNOMAD FOODS LTDCOM0.25%$877,00039.2K
91PURE TECH HEALTH PLCCOM0.24%$848,000200.0K
92KNKNOWLES CORPCOM0.24%$836,00039.5K
93PATTERSON COS INCCOM0.24%$835,00040.8K
94PIONEER NATURAL RES COCOM0.23%$806,0005.3K
95MKSIMKS INSTRUMENTS INCCOM0.23%$805,0007.3K
96SAFEGUARD SCIENT INC NEWCOM0.23%$803,00073.2K
97WILLIAM LYON HOMES-CL ACOM0.22%$782,00039.1K
98VYXNCR CORP NEWCOM0.22%$781,00022.2K
99MSIMOTOROLA SOLUTIONS INCCOM0.20%$714,0004.4K
100VRTXVERTEX PHARMACEUTICALSCOM0.20%$701,0003.2K

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 ↗.