SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$350M
Q4 2022
Positions
196
Filings on Record
23
2019–present window
Filed
Jan 30, 2023
original filing

Summary

Cubic Asset Management, LLC reported $350M in U.S.-listed holdings across 196 positions for Q4 2022.

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

Compared with Q3 2022, the fund opened 9 new positions and exited 7.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+25.5%
share of reported value
Largest Position
+3.6%
Microsoft
New / Exited
9 / 7
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: 92.6%ETP: 2.5%Other: 2.5%REIT: 1.1%ADR: 1.1%Other: 0.2%
  • Common Stock · 92.6% · $324M
  • ETP · 2.5% · $9M
  • Other · 2.5% · $9M
  • REIT · 1.1% · $4M
  • ADR · 1.1% · $4M
  • Other · 0.2% · $643,804

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WHRWHIRLPOOL CORPNEW+6.7K6.7K+$947,075$947,075
GNRCGENERAC HOLDINGS INCNEW+3.4K3.4K+$337,211$337,211
BCBRUNSWICK CORPNEW+4.1K4.1K+$293,726$293,726
CATCATERPILLAR INCNEW+1.0K1.0K+$239,560$239,560
APAAPA CORPNEW+4.9K4.9K+$229,199$229,199
PATTERSON COS INCNEW+8.2K8.2K+$228,445$228,445
PKGPACKAGING CORP OF AMERICANEW+1.7K1.7K+$217,447$217,447
NDAQNASDAQ INCNEW+3.5K3.5K+$216,259$216,259

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

Holdings — Q4 2022

195 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.63%$13M52.9K
2PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.83%$10M62.7K
3GOOGALPHABET INC-CL CCOM2.73%$10M107.7K
4ALLALLSTATE CORPhistory →COM2.56%$9M66.0K
5BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.52%$9M28.6K
6PFEPFIZER INCORPORATEDhistory →COM2.26%$8M154.6K
7LKQLKQ CORPhistory →COM2.26%$8M147.7K
8CVSCVS INChistory →COM2.25%$8M84.4K
9AFLA F L A C INChistory →COM2.24%$8M108.7K
10UNHUNITEDHEALTH GROUP INChistory →COM2.22%$8M14.7K
11ABBVABBVIE INChistory →COM2.20%$8M47.6K
12GPCGENUINE PARTS COhistory →COM2.10%$7M42.3K
13JNJJOHNSON & JOHNSONhistory →COM2.07%$7M41.0K
14GSGOLDMAN SACHS GROUP INChistory →COM2.07%$7M21.0K
15OMCOMNICOM GROUP INChistory →COM1.89%$7M81.2K
16LOWLOWE'S COS INChistory →COM1.83%$6M32.2K
17AXPAMERICAN EXPRESS COhistory →COM1.81%$6M42.9K
18BABOEING COhistory →COM1.73%$6M31.8K
19CCITIGROUP INChistory →COM1.57%$5M121.3K
20FDXFEDEX CORPORATIONhistory →COM1.48%$5M29.9K
21CICIGNA CORPhistory →COM1.29%$5M13.6K
22KMBKIMBERLY-CLARK CORPhistory →COM1.26%$4M32.5K
23ADIANALOG DEVICES INChistory →COM1.25%$4M26.7K
24DALDELTA AIRLINES INChistory →COM1.22%$4M130.0K
25CSCOCISCO SYSTEMS INChistory →COM1.14%$4M83.5K
26DISTHE WALT DISNEY COhistory →COM1.13%$4M45.4K
27BMYBRISTOL-MYERS SQUIBB COhistory →COM1.03%$4M50.1K
28IBMINTL BUSINESS MACHINEShistory →COM1.03%$4M25.5K
29RTXRAYTHEON TECHNOLOGIEShistory →COM1.02%$4M35.4K
30INTCINTEL CORPhistory →COM1.01%$4M134.3K
31GPIGROUP 1 AUTOMOTIVEhistory →COM1.01%$4M19.5K
32METAMETA PLATFORMS INC-ACOM0.97%$3M28.2K
33TE CONNECTIVITY LTD FCOM0.91%$3M27.6K
34ARCCARES CAPITAL CORPCOM0.90%$3M170.9K
35MRKMERCK & CO INC NEWCOM0.87%$3M27.5K
36AMATAPPLIED MATERIALS INCCOM0.87%$3M31.2K
37DOWDOW INCCOM0.84%$3M58.6K
38MMM3M COMPANYCOM0.83%$3M24.2K
39ABTABBOTT LABORATORIESCOM0.82%$3M26.1K
40NVSNOVARTIS A G SPON ADRCOM0.82%$3M31.6K
41CMCCOMMERCIAL METALS COCOM0.81%$3M58.6K
42VZVERIZON COMMUNICATIONSCOM0.81%$3M71.6K
43CMCSACOMCAST CORP CL ACOM0.79%$3M79.1K
44IPINTERNATIONAL PAPERCOM0.78%$3M78.3K
45VVISA INC-CLASS ACOM0.77%$3M13.0K
46SPYS P D R S&P 500COM0.76%$3M6.9K
47SUSUNCOR ENERGY INC NEW FCOM0.74%$3M81.1K
48TA T & T INC NEWCOM0.68%$2M129.0K
49BNYBANK OF NY MELLON CP NEWCOM0.65%$2M50.3K
50SNASNAP ON INCCOM0.65%$2M10.0K
51USBU S BANCORP DEL NEWCOM0.65%$2M52.3K
52MDTMEDTRONIC PLCCOM0.65%$2M29.2K
53AMCOR PLCCOM0.64%$2M187.8K
54EXMOCEXXON MOBIL CORPCOM0.53%$2M16.9K
55MPTMEDICAL PROPERTIES TRUST INCCOM0.53%$2M165.0K
56GILDGILEAD SCIENCES INCCOM0.52%$2M21.3K
57COPCONOCOPHILLIPSCOM0.51%$2M15.0K
58AAPLAPPLE INCCOM0.49%$2M13.1K
59BAXBAXTER INTERNATIONALCOM0.48%$2M32.8K
60METMETLIFE INCCOM0.48%$2M23.1K
61EFAISHARES MSCI EAFE ETFCOM0.47%$2M25.1K
62ITTITT INCCOM0.46%$2M19.8K
63AVTAVNET INCCOM0.46%$2M38.4K
64LEGLEGGETT & PLATT INCCOM0.44%$2M47.4K
65AMZNAMAZON.COM INCCOM0.42%$1M17.4K
66SPBSPECTRUM BRANDS HOLDINGS INCCOM0.41%$1M23.7K
67IRMIRON MOUNTAIN INCCOM0.39%$1M27.7K
68PGPROCTER & GAMBLECOM0.38%$1M8.8K
69TRVTRAVELERS COMPANIES INCCOM0.34%$1M6.4K
70TJXTJX COMPANIESCOM0.34%$1M15.0K
71GISGENERAL MILLS INCCOM0.34%$1M14.2K
72LSTRLANDSTAR SYSTEM INCCOM0.34%$1M7.3K
73LCIILCI INDUSTRIESCOM0.34%$1M12.8K
74CAGCONAGRA FOODS INCCOM0.34%$1M30.3K
75SLBSCHLUMBERGER LTDCOM0.34%$1M22.0K
76AON PLCCOM0.33%$1M3.8K
77COHRCOHERENT INCCOM0.33%$1M32.8K
78CXTCRANE HOLDINGS COCOM0.33%$1M11.4K
79CAHCARDINAL HEALTHCOM0.31%$1M14.0K
80MSIMOTOROLA SOLUTIONS INCCOM0.31%$1M4.2K
81BACBANK OF AMERICA CORPCOM0.29%$1M31.0K
82MHOM/I HOMES INCCOM0.29%$1M22.1K
83PGRPROGRESSIVE CORPCOM0.29%$1M7.8K
84PIONEER NATURAL RES COCOM0.29%$997,1514.4K
85JPMJPMORGAN CHASE & COCOM0.28%$973,5667.3K
86UFPIUFP INDUSTRIES, INCCOM0.28%$968,03912.2K
87WHRWHIRLPOOL CORPCOM0.27%$947,0756.7K
88JCIJOHNSON CONTROLS INCCOM0.27%$941,05614.7K
89VRTXVERTEX PHARMACEUTICALSCOM0.26%$924,0963.2K
90MANMANPOWERGROUP INCCOM0.26%$923,21511.1K
91ORCLORACLE CORPORATIONCOM0.26%$896,27911.0K
92DHIDR HORTON INCCOM0.25%$891,40010.0K
93SXTSENSIENT TECHNOLOGIES CORPCOM0.24%$834,20511.4K
94EOGE O G RESOURCES INCCOM0.24%$828,9286.4K
95ZBHZIMMER BIOMET HOLDINGS INCCOM0.24%$827,4756.5K
96GNTXGENTEX CORPCOM0.22%$774,19528.4K
97SMPSTANDARD MOTOR PRODUCTS INCCOM0.21%$734,45421.1K
98MFICMIDCAP FINANCIAL INVESTMENT COCOM0.21%$728,05063.9K
99NEW YORK COMMUNITY BANCORPCOM0.21%$727,86184.6K
100LABORATORY CRP OF AMER HLDGSCOM0.21%$725,2783.1K

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 ↗.