SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$429M
Q1 2022
Positions
197
Filings on Record
22
2019–present window
Filed
Apr 25, 2022
original filing

Summary

Cubic Asset Management, LLC reported $429M in U.S.-listed holdings across 197 positions for Q1 2022.

Its largest position, MSFT, represents 4.0% of the portfolio.

Compared with Q4 2021, the fund opened 5 new positions and exited 13.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+25.2%
share of reported value
Largest Position
+4.0%
Microsoft
New / Exited
5 / 13
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: 91.3%Other: 3.3%ETP: 2.6%REIT: 1.7%ADR: 0.9%Other: 0.2%
  • Common Stock · 91.3% · $392M
  • Other · 3.3% · $14M
  • ETP · 2.6% · $11M
  • REIT · 1.7% · $7M
  • ADR · 0.9% · $4M
  • Other · 0.2% · $788,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INC-ANEW+29.7K29.7K+$7M$7M
SHELSHELL PLCNEW+7.0K7.0K+$384,000$384,000
FHIFEDERATED HERMES INCNEW+8.3K8.3K+$283,000$283,000
APAAPA CORPNEW+5.7K5.7K+$236,000$236,000
VTRVENTAS INCNEW+3.3K3.3K+$205,000$205,000
USBU S BANCORP DEL NEWADDED+48.7K56.6K+$3M$3M
CRMTAMERICAS CAR-MART INCADDED+6.1K10.5K+$398,000$849,000
FHNFIRST HORIZON CORPORATIONSOLD OUT−127.1K0−$2M$0

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

Holdings — Q1 2022

196 positions (from 197 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.97%$17M55.3K
2GOOGALPHABET INC-CL CCOM3.73%$16M5.7K
3PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.67%$11M62.2K
4BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.53%$11M30.8K
5ALLALLSTATE CORPhistory →COM2.31%$10M71.7K
6CVSCVS INChistory →COM2.13%$9M90.4K
7PFEPFIZER INCORPORATEDhistory →COM2.00%$9M165.7K
8AXPAMERICAN EXPRESS COhistory →COM1.99%$9M45.8K
9UNHUNITEDHEALTH GROUP INChistory →COM1.98%$8M16.6K
10ABBVABBVIE INChistory →COM1.84%$8M48.7K
11LMTLOCKHEED MARTIN CORPhistory →COM1.82%$8M17.7K
12JNJJOHNSON & JOHNSONhistory →COM1.78%$8M43.1K
13FDXFEDEX CORPORATIONhistory →COM1.74%$7M32.4K
14AFLA F L A C INChistory →COM1.74%$7M116.2K
15GSGOLDMAN SACHS GROUP INChistory →COM1.72%$7M22.3K
16LKQLKQ CORPhistory →COM1.71%$7M161.6K
17OMCOMNICOM GROUP INChistory →COM1.65%$7M83.4K
18LOWLOWE'S COS INChistory →COM1.63%$7M34.7K
19INTCINTEL CORPhistory →COM1.57%$7M136.3K
20METAMETA PLATFORMS INC-Ahistory →COM1.54%$7M29.7K
21CCITIGROUP INChistory →COM1.49%$6M119.6K
22BABOEING COhistory →COM1.40%$6M31.5K
23GPCGENUINE PARTS COhistory →COM1.38%$6M47.2K
24ATLAS AIR WORLDWIDE HOLDINGSCOM1.32%$6M65.7K
25CSCOCISCO SYSTEMS INChistory →COM1.18%$5M91.0K
26CMCCOMMERCIAL METALS COhistory →COM1.15%$5M118.4K
27DALDELTA AIRLINES INChistory →COM1.15%$5M124.4K
28ADIANALOG DEVICES INChistory →COM1.06%$5M27.4K
29CMCSACOMCAST CORP CL Ahistory →COM1.02%$4M93.7K
30MPTMEDICAL PROPERTIES TRUST INCCOM0.98%$4M199.7K
31KMBKIMBERLY-CLARK CORPCOM0.96%$4M33.4K
32VZVERIZON COMMUNICATIONSCOM0.96%$4M80.7K
33ARCCARES CAPITAL CORPCOM0.95%$4M194.0K
34IPINTERNATIONAL PAPERCOM0.93%$4M87.0K
35TE CONNECTIVITY LTD FCOM0.93%$4M30.6K
36BMYBRISTOL-MYERS SQUIBB COCOM0.92%$4M54.0K
37MMM3M COMPANYCOM0.89%$4M25.7K
38RTXRAYTHEON TECHNOLOGIESCOM0.88%$4M38.1K
39GPIGROUP 1 AUTOMOTIVECOM0.84%$4M21.6K
40DOWDOW INCCOM0.84%$4M56.8K
41SPBSPECTRUM BRANDS HOLDINGS INCCOM0.82%$4M39.6K
42AMATAPPLIED MATERIALS INCCOM0.82%$4M26.6K
43MDTMEDTRONIC PLCCOM0.82%$4M31.6K
44IBMINTL BUSINESS MACHINESCOM0.81%$3M26.9K
45CICIGNA CORPCOM0.77%$3M13.9K
46TA T & T INC NEWCOM0.76%$3M137.5K
47ABTABBOTT LABORATORIESCOM0.74%$3M27.0K
48SPYS P D R S&P 500COM0.73%$3M7.0K
49USBU S BANCORP DEL NEWCOM0.70%$3M56.6K
50NVSNOVARTIS A G SPON ADRCOM0.69%$3M34.0K
51BAXBAXTER INTERNATIONALCOM0.66%$3M36.6K
52VVISA INC-CLASS ACOM0.66%$3M12.7K
53SUSUNCOR ENERGY INC NEW FCOM0.65%$3M85.3K
54BNYBANK OF NY MELLON CP NEWCOM0.63%$3M54.8K
55MRKMERCK & CO INC NEWCOM0.59%$3M30.9K
56SNASNAP ON INCCOM0.56%$2M11.7K
57AMCOR PLCCOM0.55%$2M209.5K
58EFAISHARES MSCI EAFE ETFCOM0.54%$2M31.5K
59AAPLAPPLE INCCOM0.53%$2M12.9K
60II-VI INCCOM0.51%$2M30.2K
61AMZNAMAZON.COM INCCOM0.51%$2M666
62METMETLIFE INCCOM0.46%$2M28.3K
63ITTITT INCCOM0.45%$2M25.9K
64COPCONOCOPHILLIPSCOM0.41%$2M17.8K
65EXMOCEXXON MOBIL CORPCOM0.39%$2M20.3K
66CRANE COCOM0.38%$2M15.1K
67AVTAVNET INCCOM0.38%$2M39.8K
68LCIILCI INDUSTRIESCOM0.36%$2M15.1K
69IRMIRON MOUNTAIN INCCOM0.36%$2M28.0K
70SXTSENSIENT TECHNOLOGIES CORPCOM0.35%$2M18.0K
71LEGLEGGETT & PLATT INCCOM0.34%$1M42.1K
72PARAMOUNT GLOBALCOM0.34%$1M38.7K
73PGPROCTER & GAMBLECOM0.33%$1M9.3K
74LSTRLANDSTAR SYSTEM INCCOM0.32%$1M9.1K
75LIGHTNING EMOTORS, INCCOM0.31%$1M233.3K
76SMPSTANDARD MOTOR PRODUCTS INCCOM0.31%$1M30.5K
77GILDGILEAD SCIENCES INCCOM0.29%$1M21.2K
78CAGCONAGRA FOODS INCCOM0.29%$1M37.5K
79ASIXADVANSIX INCCOM0.29%$1M24.5K
80AON PLCCOM0.29%$1M3.8K
81TRVTRAVELERS COMPANIES INCCOM0.28%$1M6.6K
82CMPCOMPASS MINERALS INTERNATIONALCOM0.27%$1M18.6K
83PIONEER NATURAL RES COCOM0.27%$1M4.7K
84NVDANVIDIA CORPCOM0.27%$1M4.2K
85UFPIUFP INDUSTRIES, INCCOM0.26%$1M14.7K
86LABORATORY CRP OF AMER HLDGSCOM0.26%$1M4.3K
87BACBANK OF AMERICA CORPCOM0.26%$1M26.6K
88MFICAPOLLO INVESTMENT CORPCOM0.25%$1M81.9K
89MSIMOTOROLA SOLUTIONS INCCOM0.25%$1M4.4K
90ZBHZIMMER BIOMET HOLDINGS INCCOM0.25%$1M8.3K
91MKSIMKS INSTRUMENTS INCCOM0.25%$1M7.0K
92MHOM/I HOMES INCCOM0.25%$1M23.7K
93GMGENERAL MOTORS CO.COM0.24%$1M23.2K
94NEW YORK COMMUNITY BANCORPCOM0.23%$1M93.9K
95JPMJPMORGAN CHASE & COCOM0.23%$986,0007.2K
96BFHBREAD FINANCIAL HOLDINGS, INCCOM0.23%$982,00017.5K
97ORCLORACLE CORPORATIONCOM0.23%$982,00011.9K
98JCIJOHNSON CONTROLS INCCOM0.23%$970,00014.8K
99KGCKINROSS GOLD CORP NEWCOM0.22%$964,000164.0K
100FNFFIDELITY NATIONAL FINL-ACOM0.22%$960,00019.7K

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 ↗.