SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$379M
Q1 2021
Positions
179
Filings on Record
23
2019–present window
Filed
Apr 26, 2021
original filing

Summary

Cubic Asset Management, LLC reported $379M in U.S.-listed holdings across 179 positions for Q1 2021.

Its largest position, MSFT, represents 4.1% of the portfolio.

Compared with Q4 2020, the fund opened 13 new positions and exited 3.

Portfolio Metrics

Turnover
+2.9%
vs prior filed quarter
Top-10 Concentration
+25.4%
share of reported value
Largest Position
+4.1%
Microsoft
New / Exited
13 / 3
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: 92.1%ETP: 2.7%Other: 2.6%REIT: 1.7%ADR: 0.8%Closed-End Fund: 0.0%
  • Common Stock · 92.1% · $349M
  • ETP · 2.7% · $10M
  • Other · 2.6% · $10M
  • REIT · 1.7% · $6M
  • ADR · 0.8% · $3M
  • Closed-End Fund · 0.0% · $148,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LOWLOWE'S COS INCNEW+35.6K35.6K+$7M$7M
AMCOR PLCNEW+191.0K191.0K+$2M$2M
AMZNAMAZON.COM INCNEW+503503+$2M$2M
KGCKINROSS GOLD CORP NEWNEW+168.5K168.5K+$1M$1M
DOCUDOCUSIGN, INCNEW+3.0K3.0K+$607,000$607,000
NVDANVIDIA CORPNEW+1.0K1.0K+$556,000$556,000
FIREEYE INCNEW+22.1K22.1K+$432,000$432,000
CRMSALESFORCE.COMNEW+1.9K1.9K+$403,000$403,000

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

Holdings — Q1 2021

178 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.10%$16M65.8K
2GOOGALPHABET INC-CL CCOM3.22%$12M5.9K
3PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.88%$11M62.2K
4FDXFEDEX CORPORATIONhistory →COM2.51%$10M33.5K
5CCITIGROUP INChistory →COM2.32%$9M120.8K
6INTCINTEL CORPhistory →COM2.24%$8M132.4K
7ALLALLSTATE CORPhistory →COM2.21%$8M72.9K
8BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.10%$8M31.2K
9GSGOLDMAN SACHS GROUP INChistory →COM1.95%$7M22.6K
10AXPAMERICAN EXPRESS COhistory →COM1.91%$7M51.2K
11UNHUNITEDHEALTH GROUP INChistory →COM1.90%$7M19.4K
12JNJJOHNSON & JOHNSONhistory →COM1.89%$7M43.6K
13LKQLKQ CORPhistory →COM1.86%$7M166.6K
14CVSCVS INChistory →COM1.80%$7M90.7K
15LOWLOWE'S COS INChistory →COM1.79%$7M35.6K
16OMCOMNICOM GROUP INChistory →COM1.62%$6M82.7K
17PFEPFIZER INCORPORATEDhistory →COM1.59%$6M166.3K
18AFLA F L A C INChistory →COM1.59%$6M117.4K
19DALDELTA AIRLINES INChistory →COM1.52%$6M119.6K
20MDTMEDTRONIC PLChistory →COM1.47%$6M47.2K
21GPCGENUINE PARTS COhistory →COM1.46%$6M47.7K
22ABBVABBVIE INChistory →COM1.40%$5M49.2K
23LMTLOCKHEED MARTIN CORPhistory →COM1.34%$5M13.7K
24MMM3M COMPANYhistory →COM1.32%$5M26.0K
25IPINTERNATIONAL PAPERhistory →COM1.24%$5M87.1K
26CSCOCISCO SYSTEMS INChistory →COM1.24%$5M90.5K
27KMBKIMBERLY-CLARK CORPhistory →COM1.24%$5M33.7K
28ADIANALOG DEVICES INChistory →COM1.12%$4M27.4K
29VZVERIZON COMMUNICATIONShistory →COM1.12%$4M72.8K
30AMATAPPLIED MATERIALS INChistory →COM1.10%$4M31.1K
31TA T & T INC NEWhistory →COM1.10%$4M137.1K
32TE CONNECTIVITY LTD FCOM1.08%$4M31.7K
33MPTMEDICAL PROPERTIES TRUST INChistory →COM1.07%$4M190.7K
34ATLAS AIR WORLDWIDE HOLDINGSCOM1.06%$4M66.7K
35SPBSPECTRUM BRANDS HOLDINGS INChistory →COM1.05%$4M46.8K
36ARCCARES CAPITAL CORPCOM0.95%$4M193.3K
37DOWDOW INCCOM0.95%$4M56.5K
38GPIGROUP 1 AUTOMOTIVECOM0.94%$4M22.5K
39IBMINTL BUSINESS MACHINESCOM0.90%$3M25.7K
40CICIGNA CORPCOM0.90%$3M14.1K
41BMYBRISTOL-MYERS SQUIBB COCOM0.90%$3M54.0K
42ABTABBOTT LABORATORIESCOM0.89%$3M28.2K
43CMPCOMPASS MINERALS INTERNATIONALCOM0.85%$3M51.6K
44BAXBAXTER INTERNATIONALCOM0.82%$3M36.9K
45RTXRAYTHEON TECHNOLOGIESCOM0.78%$3M38.1K
46NVSNOVARTIS A G SPON ADRCOM0.78%$3M34.4K
47SPYS P D R S&P 500COM0.73%$3M6.9K
48SNASNAP ON INCCOM0.72%$3M11.9K
49VVISA INC-CLASS ACOM0.72%$3M13.0K
50BNYBANK OF NY MELLON CP NEWCOM0.69%$3M55.5K
51ITTITT INCCOM0.65%$2M27.1K
52EFAISHARES MSCI EAFE ETFCOM0.61%$2M30.6K
53ITWILLINOIS TOOL WORKS INCCOM0.61%$2M10.5K
54AMCOR PLCCOM0.59%$2M191.0K
55FHNFIRST HORIZON CORPORATIONCOM0.57%$2M127.1K
56SUSUNCOR ENERGY INC NEW FCOM0.53%$2M95.8K
57MRKMERCK & CO INC NEWCOM0.53%$2M25.9K
58LCIILCI INDUSTRIESCOM0.53%$2M15.1K
59BFHALLIANCE DATA SYSTEMS CORPCOM0.50%$2M17.0K
60CMCCOMMERCIAL METALS COCOM0.50%$2M61.6K
61METMETLIFE INCCOM0.46%$2M28.8K
62AAPLAPPLE INCCOM0.42%$2M13.2K
63PNRPENTAIR PLCCOM0.42%$2M25.6K
64AMZNAMAZON.COM INCCOM0.41%$2M503
65LSTRLANDSTAR SYSTEM INCCOM0.40%$2M9.3K
66SXTSENSIENT TECHNOLOGIES CORPCOM0.38%$1M18.5K
67CRANE COCOM0.38%$1M15.2K
68GILDGILEAD SCIENCES INCCOM0.37%$1M21.9K
69CAGCONAGRA FOODS INCCOM0.37%$1M37.7K
70MHOM/I HOMES INCCOM0.36%$1M23.1K
71ZBHZIMMER BIOMET HOLDINGS INCCOM0.35%$1M8.3K
72MKSIMKS INSTRUMENTS INCCOM0.35%$1M7.1K
73PGPROCTER & GAMBLECOM0.34%$1M9.4K
74EXMOCEXXON MOBIL CORPCOM0.31%$1M20.9K
75MLRMILLER INDS INC TENN COM NEWCOM0.31%$1M25.1K
76AGXARGAN INCCOM0.30%$1M21.2K
77GNTXGENTEX CORPCOM0.30%$1M31.5K
78KGCKINROSS GOLD CORP NEWCOM0.30%$1M168.5K
79UFPIUFP INDUSTRIES, INCCOM0.30%$1M14.7K
80FOEFERRO CORPCOM0.29%$1M66.3K
81DLXDELUXE CORPORATIONCOM0.29%$1M26.2K
82LABORATORY CRP OF AMER HLDGSCOM0.29%$1M4.3K
83MFICAPOLLO INVESTMENT CORPCOM0.29%$1M79.3K
84IRMIRON MOUNTAIN INCCOM0.28%$1M28.4K
85NOMDNOMAD FOODS LTDCOM0.27%$1M37.7K
86AMGAFFILIATED MANAGERS GROUPCOM0.27%$1M6.9K
87TERRITORIAL BANCORP INC COMCOM0.26%$999,00037.7K
88TRVTRAVELERS COMPANIES INCCOM0.26%$992,0006.6K
89BACBANK OF AMERICA CORPCOM0.26%$989,00025.6K
90DHIDR HORTON INCCOM0.26%$980,00011.0K
91LHXL3HARRIS TECHNOLOGIES INCCOM0.26%$975,0004.8K
92COPCONOCOPHILLIPSCOM0.25%$964,00018.2K
93JPMJPMORGAN CHASE & COCOM0.25%$936,0006.2K
94AON PLCCOM0.24%$925,0004.0K
95CMCSACOMCAST CORP CL ACOM0.24%$914,00016.9K
96CAHCARDINAL HEALTHCOM0.24%$910,00015.0K
97NEW YORK COMMUNITY BANCORPCOM0.24%$894,00070.8K
98JCIJOHNSON CONTROLS INCCOM0.23%$885,00014.8K
99VYXNCR CORP NEWCOM0.22%$847,00022.3K
100PKPARK HOTELS & RESORTS INCCOM0.22%$838,00038.9K

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 ↗.