SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$337M
Q4 2020
Positions
169
Filings on Record
22
2019–present window
Filed
Jan 28, 2021
original filing

Summary

Cubic Asset Management, LLC reported $337M in U.S.-listed holdings across 169 positions for Q4 2020.

Its largest position, MSFT, represents 4.4% of the portfolio.

Compared with Q3 2020, the fund opened 17 new positions and exited 4.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+25.9%
share of reported value
Largest Position
+4.4%
Microsoft
New / Exited
17 / 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
Q1 ’19: $338MQ1 ’19Q2 ’19: $333MQ3 ’19: $334MQ4 ’19: $355MQ4 ’19Q1 ’20: $247MQ2 ’20: $280MQ3 ’20: $279MQ3 ’20Q4 ’20: $337MQ1 ’21: $379MQ2 ’21: $405MQ2 ’21Q3 ’21: $404MQ4 ’21: $442MQ1 ’22: $429MQ1 ’22Q2 ’22: $371MQ3 ’22: $336MQ4 ’22: $350MQ4 ’22Q1 ’23: $358MQ2 ’23: $372MQ3 ’23: $363MQ3 ’23Q4 ’23: $389MQ1 ’24: $422Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.9%Other: 3.2%ETP: 3.0%REIT: 1.8%ADR: 1.0%Closed-End Fund: 0.0%
  • Common Stock · 90.9% · $307M
  • Other · 3.2% · $11M
  • ETP · 3.0% · $10M
  • REIT · 1.8% · $6M
  • ADR · 1.0% · $4M
  • Closed-End Fund · 0.0% · $131,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SNASNAP ON INCNEW+12.2K12.2K+$2M$2M
MHOM/I HOMES INCNEW+21.1K21.1K+$936,000$936,000
LHXL3HARRIS TECHNOLOGIES INCNEW+4.7K4.7K+$890,000$890,000
GISGENERAL MILLS INCNEW+13.4K13.4K+$791,000$791,000
IRMIRON MOUNTAIN INCNEW+26.4K26.4K+$777,000$777,000
UFPIUFP INDUSTRIES, INCNEW+11.8K11.8K+$658,000$658,000
VTRSVIATRIS INCNEW+20.8K20.8K+$389,000$389,000
APOGAPOGEE ENTERPRISESNEW+9.4K9.4K+$297,000$297,000

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

Holdings — Q4 2020

168 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.42%$15M67.0K
2GOOGALPHABET INC-CL CCOM3.12%$11M6.0K
3PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.75%$9M62.2K
4FDXFEDEX CORPORATIONhistory →COM2.64%$9M34.3K
5ALLALLSTATE CORPhistory →COM2.41%$8M74.0K
6CCITIGROUP INChistory →COM2.26%$8M123.5K
7BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.16%$7M31.4K
8JNJJOHNSON & JOHNSONhistory →COM2.09%$7M44.8K
9UNHUNITEDHEALTH GROUP INChistory →COM2.09%$7M20.1K
10INTCINTEL CORPhistory →COM1.99%$7M134.5K
11AXPAMERICAN EXPRESS COhistory →COM1.88%$6M52.4K
12CVSCVS INChistory →COM1.86%$6M91.9K
13PFEPFIZER INCORPORATEDhistory →COM1.84%$6M168.6K
14GSGOLDMAN SACHS GROUP INChistory →COM1.80%$6M23.1K
15LKQLKQ CORPhistory →COM1.78%$6M170.3K
16MDTMEDTRONIC PLChistory →COM1.69%$6M48.8K
17TE CONNECTIVITY LTD FCOM1.60%$5M44.4K
18ABBVABBVIE INChistory →COM1.59%$5M50.1K
19AFLA F L A C INChistory →COM1.58%$5M120.1K
20OMCOMNICOM GROUP INChistory →COM1.56%$5M84.4K
21DALDELTA AIRLINES INChistory →COM1.46%$5M122.6K
22GPCGENUINE PARTS COhistory →COM1.44%$5M48.2K
23LMTLOCKHEED MARTIN CORPhistory →COM1.42%$5M13.5K
24KMBKIMBERLY-CLARK CORPhistory →COM1.37%$5M34.3K
25MMM3M COMPANYhistory →COM1.36%$5M26.3K
26DISCOVERY, INC - ACOM1.32%$4M147.5K
27IPINTERNATIONAL PAPERhistory →COM1.29%$4M87.6K
28MPTMEDICAL PROPERTIES TRUST INChistory →COM1.26%$4M195.5K
29VZVERIZON COMMUNICATIONShistory →COM1.24%$4M70.9K
30CSCOCISCO SYSTEMS INChistory →COM1.21%$4M91.3K
31ADIANALOG DEVICES INChistory →COM1.20%$4M27.4K
32TA T & T INC NEWhistory →COM1.18%$4M138.4K
33SPBSPECTRUM BRANDS HOLDINGS INChistory →COM1.11%$4M47.5K
34ATLAS AIR WORLDWIDE HOLDINGSCOM1.10%$4M67.8K
35ARCCARES CAPITAL CORPCOM1.00%$3M198.7K
36BMYBRISTOL-MYERS SQUIBB COCOM0.99%$3M54.0K
37NVSNOVARTIS A G SPON ADRCOM0.98%$3M35.1K
38CMPCOMPASS MINERALS INTERNATIONALCOM0.98%$3M53.3K
39DOWDOW INCCOM0.97%$3M58.8K
40IBMINTL BUSINESS MACHINESCOM0.95%$3M25.4K
41ABTABBOTT LABORATORIESCOM0.92%$3M28.5K
42BAXBAXTER INTERNATIONALCOM0.90%$3M37.8K
43GPIGROUP 1 AUTOMOTIVECOM0.89%$3M22.9K
44CICIGNA CORPCOM0.87%$3M14.0K
45AMATAPPLIED MATERIALS INCCOM0.85%$3M33.3K
46VVISA INC-CLASS ACOM0.82%$3M12.7K
47RTXRAYTHEON TECHNOLOGIESCOM0.81%$3M38.2K
48SPYS P D R S&P 500COM0.77%$3M7.0K
49EFAISHARES MSCI EAFE ETFCOM0.70%$2M32.1K
50II-VI INCCOM0.69%$2M30.6K
51BNYBANK OF NY MELLON CP NEWCOM0.66%$2M52.6K
52ITWILLINOIS TOOL WORKS INCCOM0.63%$2M10.5K
53MRKMERCK & CO INC NEWCOM0.63%$2M25.9K
54SNASNAP ON INCCOM0.62%$2M12.2K
55ITTITT INCCOM0.62%$2M27.1K
56LCIILCI INDUSTRIESCOM0.58%$2M15.1K
57SUSUNCOR ENERGY INC NEW FCOM0.49%$2M99.2K
58FHNFIRST HORIZON CORPORATIONCOM0.48%$2M127.1K
59AGXARGAN INCCOM0.43%$1M32.5K
60SXTSENSIENT TECHNOLOGIES CORPCOM0.42%$1M19.2K
61METMETLIFE INCCOM0.42%$1M30.2K
62CAGCONAGRA FOODS INCCOM0.41%$1M37.7K
63PNRPENTAIR PLCCOM0.40%$1M25.6K
64PGPROCTER & GAMBLECOM0.40%$1M9.7K
65GILDGILEAD SCIENCES INCCOM0.39%$1M22.3K
66ZBHZIMMER BIOMET HOLDINGS INCCOM0.38%$1M8.3K
67LSTRLANDSTAR SYSTEM INCCOM0.37%$1M9.3K
68CRANE COCOM0.36%$1M15.6K
69GNTXGENTEX CORPCOM0.32%$1M31.5K
70MKSIMKS INSTRUMENTS INCCOM0.32%$1M7.1K
71CMCCOMMERCIAL METALS COCOM0.31%$1M50.4K
72BFHALLIANCE DATA SYSTEMS CORPCOM0.30%$1M13.8K
73TRVTRAVELERS COMPANIES INCCOM0.29%$982,0007.0K
74FOEFERRO CORPCOM0.29%$970,00066.3K
75NOMDNOMAD FOODS LTDCOM0.28%$958,00037.7K
76MLRMILLER INDS INC TENN COM NEWCOM0.28%$955,00025.1K
77MHOM/I HOMES INCCOM0.28%$936,00021.1K
78EXMOCEXXON MOBIL CORPCOM0.27%$918,00022.3K
79TERRITORIAL BANCORP INC COMCOM0.27%$907,00037.7K
80AON PLCCOM0.27%$903,0004.3K
81LHXL3HARRIS TECHNOLOGIES INCCOM0.26%$890,0004.7K
82CMCSACOMCAST CORP CL ACOM0.26%$885,00016.9K
83LABORATORY CRP OF AMER HLDGSCOM0.26%$874,0004.3K
84MFICAPOLLO INVESTMENT CORPCOM0.25%$843,00079.3K
85VYXNCR CORP NEWCOM0.25%$839,00022.3K
86TIPISHARES TR BARCLAYS TIPS BONDCOM0.24%$799,0006.3K
87JPMJPMORGAN CHASE & COCOM0.24%$797,0006.3K
88DLXDELUXE CORPORATIONCOM0.24%$793,00027.2K
89CAHCARDINAL HEALTHCOM0.23%$792,00014.8K
90GISGENERAL MILLS INCCOM0.23%$791,00013.4K
91HELEHELEN OF TROY LTDCOM0.23%$790,0003.6K
92IRMIRON MOUNTAIN INCCOM0.23%$777,00026.4K
93BACBANK OF AMERICA CORPCOM0.23%$775,00025.6K
94PGRPROGRESSIVE CORPCOM0.23%$772,0007.8K
95FNFFIDELITY NATIONAL FINL-ACOM0.23%$770,00019.7K
96ORCLORACLE CORPORATIONCOM0.23%$768,00011.9K
97COPCONOCOPHILLIPSCOM0.23%$761,00019.0K
98DHIDR HORTON INCCOM0.22%$758,00011.0K
99VRTXVERTEX PHARMACEUTICALSCOM0.22%$756,0003.2K
100MSIMOTOROLA SOLUTIONS INCCOM0.22%$753,0004.4K

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 ↗

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 ↗.