SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$404M
Q3 2021
Positions
187
Filings on Record
22
2019–present window
Filed
Nov 12, 2021
amendment (RESTATEMENT)

Summary

Cubic Asset Management, LLC reported $404M in U.S.-listed holdings across 187 positions for Q3 2021.

Its largest position, MSFT, represents 4.5% of the portfolio.

Compared with Q2 2021, the fund opened 6 new positions and exited 4.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+25.9%
share of reported value
Largest Position
+4.5%
Microsoft
New / Exited
6 / 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: 91.5%Other: 3.2%ETP: 2.7%REIT: 1.6%ADR: 0.9%Other: 0.1%
  • Common Stock · 91.5% · $370M
  • Other · 3.2% · $13M
  • ETP · 2.7% · $11M
  • REIT · 1.6% · $6M
  • ADR · 0.9% · $3M
  • Other · 0.1% · $517,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LIGHTNING EMOTORS, INCNEW+233.3K233.3K+$2M$2M
LEGLEGGETT & PLATT INCNEW+42.5K42.5K+$2M$2M
OMFONEMAIN HOLDINGS, INCNEW+12.9K12.9K+$717,000$717,000
CLXCLOROX COMPANYNEW+2.4K2.4K+$394,000$394,000
GOLDMAN SACHS GROUP INC PRFD ANEW+14.3K14.3K+$359,000$359,000
SBRASABRA HEALTH CARE REITNEW+11.3K11.3K+$166,000$166,000
BABOEING COADDED+27.7K28.9K+$6M$6M
NVDANVIDIA CORPADDED+3.1K4.2K+$30,000$866,000

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

Holdings — Q3 2021

186 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.52%$18M64.8K
2GOOGALPHABET INC-CL CCOM3.80%$15M5.8K
3PNCPNC FINANCIAL SERVICES GROUPhistory →COM3.02%$12M62.3K
4ALLALLSTATE CORPhistory →COM2.27%$9M72.1K
5GSGOLDMAN SACHS GROUP INChistory →COM2.09%$8M22.3K
6BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.08%$8M30.9K
7AXPAMERICAN EXPRESS COhistory →COM2.08%$8M50.2K
8CCITIGROUP INChistory →COM2.07%$8M119.3K
9LKQLKQ CORPhistory →COM2.04%$8M163.6K
10CVSCVS INChistory →COM1.90%$8M90.4K
11PFEPFIZER INCORPORATEDhistory →COM1.76%$7M165.4K
12FDXFEDEX CORPORATIONhistory →COM1.76%$7M32.4K
13UNHUNITEDHEALTH GROUP INChistory →COM1.75%$7M18.1K
14LOWLOWE'S COS INChistory →COM1.75%$7M34.9K
15INTCINTEL CORPhistory →COM1.74%$7M131.9K
16JNJJOHNSON & JOHNSONhistory →COM1.74%$7M43.5K
17BABOEING COhistory →COM1.57%$6M28.9K
18AFLA F L A C INChistory →COM1.50%$6M116.5K
19OMCOMNICOM GROUP INChistory →COM1.49%$6M83.1K
20GPCGENUINE PARTS COhistory →COM1.42%$6M47.4K
21ATLAS AIR WORLDWIDE HOLDINGSCOM1.35%$5M66.6K
22ABBVABBVIE INChistory →COM1.31%$5M49.0K
23CMCSACOMCAST CORP CL Ahistory →COM1.30%$5M93.8K
24DALDELTA AIRLINES INChistory →COM1.27%$5M119.9K
25CSCOCISCO SYSTEMS INChistory →COM1.22%$5M90.6K
26IPINTERNATIONAL PAPERhistory →COM1.20%$5M86.8K
27LMTLOCKHEED MARTIN CORPhistory →COM1.18%$5M13.9K
28ADIANALOG DEVICES INChistory →COM1.14%$5M27.4K
29MMM3M COMPANYhistory →COM1.12%$5M25.7K
30KMBKIMBERLY-CLARK CORPhistory →COM1.09%$4M33.4K
31GPIGROUP 1 AUTOMOTIVEhistory →COM1.05%$4M22.5K
32VZVERIZON COMMUNICATIONShistory →COM1.05%$4M78.3K
33SPBSPECTRUM BRANDS HOLDINGS INChistory →COM1.04%$4M44.0K
34TE CONNECTIVITY LTD FCOM1.04%$4M30.6K
35TA T & T INC NEWCOM0.98%$4M146.8K
36ARCCARES CAPITAL CORPCOM0.98%$4M194.6K
37MDTMEDTRONIC PLCCOM0.97%$4M31.3K
38MPTMEDICAL PROPERTIES TRUST INCCOM0.96%$4M192.5K
39AMATAPPLIED MATERIALS INCCOM0.94%$4M29.5K
40IBMINTL BUSINESS MACHINESCOM0.92%$4M26.8K
41RTXRAYTHEON TECHNOLOGIESCOM0.81%$3M38.1K
42DOWDOW INCCOM0.80%$3M56.4K
43BMYBRISTOL-MYERS SQUIBB COCOM0.80%$3M54.8K
44ABTABBOTT LABORATORIESCOM0.79%$3M27.0K
45CMPCOMPASS MINERALS INTERNATIONALCOM0.77%$3M48.2K
46BAXBAXTER INTERNATIONALCOM0.73%$3M36.7K
47SPYS P D R S&P 500COM0.72%$3M6.8K
48VVISA INC-CLASS ACOM0.71%$3M12.9K
49BNYBANK OF NY MELLON CP NEWCOM0.70%$3M54.8K
50NVSNOVARTIS A G SPON ADRCOM0.69%$3M34.1K
51CICIGNA CORPCOM0.69%$3M13.9K
52SNASNAP ON INCCOM0.61%$2M11.7K
53EFAISHARES MSCI EAFE ETFCOM0.60%$2M30.9K
54AMCOR PLCCOM0.59%$2M204.8K
55MRKMERCK & CO INC NEWCOM0.57%$2M30.6K
56ITTITT INCCOM0.56%$2M26.4K
57CMCCOMMERCIAL METALS COCOM0.52%$2M68.5K
58FHNFIRST HORIZON CORPORATIONCOM0.51%$2M126.8K
59LCIILCI INDUSTRIESCOM0.50%$2M15.1K
60LIGHTNING EMOTORS, INCCOM0.49%$2M233.3K
61LEGLEGGETT & PLATT INCCOM0.47%$2M42.5K
62AMZNAMAZON.COM INCCOM0.45%$2M557
63AAPLAPPLE INCCOM0.45%$2M12.9K
64SUSUNCOR ENERGY INC NEW FCOM0.44%$2M85.9K
65BFHALLIANCE DATA SYSTEMS CORPCOM0.43%$2M17.3K
66METMETLIFE INCCOM0.43%$2M28.2K
67SXTSENSIENT TECHNOLOGIES CORPCOM0.42%$2M18.4K
68GILDGILEAD SCIENCES INCCOM0.36%$1M21.0K
69LSTRLANDSTAR SYSTEM INCCOM0.36%$1M9.3K
70CRANE COCOM0.36%$1M15.2K
71MHOM/I HOMES INCCOM0.34%$1M23.7K
72SMPSTANDARD MOTOR PRODUCTS INCCOM0.33%$1M30.5K
73PGPROCTER & GAMBLECOM0.32%$1M9.4K
74CAGCONAGRA FOODS INCCOM0.31%$1M37.5K
75IRMIRON MOUNTAIN INCCOM0.30%$1M28.0K
76ZBHZIMMER BIOMET HOLDINGS INCCOM0.30%$1M8.3K
77LABORATORY CRP OF AMER HLDGSCOM0.30%$1M4.3K
78COPCONOCOPHILLIPSCOM0.30%$1M17.8K
79NEW YORK COMMUNITY BANCORPCOM0.30%$1M93.6K
80EXMOCEXXON MOBIL CORPCOM0.29%$1M20.1K
81VIACOMCBS INCCOM0.29%$1M29.6K
82AON PLCCOM0.28%$1M4.0K
83BACBANK OF AMERICA CORPCOM0.28%$1M26.8K
84MKSIMKS INSTRUMENTS INCCOM0.26%$1M7.0K
85MFICAPOLLO INVESTMENT CORPCOM0.26%$1M81.9K
86GNTXGENTEX CORPCOM0.26%$1M31.7K
87AMGAFFILIATED MANAGERS GROUPCOM0.26%$1M6.9K
88NOMDNOMAD FOODS LTDCOM0.26%$1M37.6K
89ORCLORACLE CORPORATIONCOM0.26%$1M11.9K
90MSIMOTOROLA SOLUTIONS INCCOM0.25%$1M4.4K
91JCIJOHNSON CONTROLS INCCOM0.25%$1M14.8K
92TRVTRAVELERS COMPANIES INCCOM0.25%$1M6.6K
93UFPIUFP INDUSTRIES, INCCOM0.25%$1M14.7K
94ASIXADVANSIX INCCOM0.24%$975,00024.5K
95JPMJPMORGAN CHASE & COCOM0.24%$970,0005.9K
96KGCKINROSS GOLD CORP NEWCOM0.23%$949,000177.1K
97DHIDR HORTON INCCOM0.23%$940,00011.2K
98AGXARGAN INCCOM0.23%$925,00021.2K
99FNFFIDELITY NATIONAL FINL-ACOM0.22%$902,00019.9K
100DLXDELUXE CORPORATIONCOM0.22%$892,00024.9K

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 ↗

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 ↗.