SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$372M
Q2 2023
Positions
201
Filings on Record
22
2019–present window
Filed
Jul 31, 2023
original filing

Summary

Cubic Asset Management, LLC reported $372M in U.S.-listed holdings across 201 positions for Q2 2023.

Its largest position, MSFT, represents 4.6% of the portfolio.

Compared with Q1 2023, the fund opened 7 new positions and exited 2.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+25.7%
share of reported value
Largest Position
+4.6%
Microsoft
New / Exited
7 / 2
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: 92.3%ETP: 2.7%Other: 2.6%REIT: 1.3%ADR: 1.0%Other: 0.2%
  • Common Stock · 92.3% · $343M
  • ETP · 2.7% · $10M
  • Other · 2.6% · $10M
  • REIT · 1.3% · $5M
  • ADR · 1.0% · $4M
  • Other · 0.2% · $694,337

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QCOMQUALCOMM INCNEW+11.2K11.2K+$1M$1M
CRANE CXT, CO.NEW+11.1K11.1K+$628,685$628,685
NGVTINGEVITY CORPORATIONNEW+7.7K7.7K+$448,704$448,704
MOALTRIA GROUP INCNEW+5.4K5.4K+$243,170$243,170
AVGOBROADCOM INCNEW+269269+$233,339$233,339
FBINFORTUNE BRANDS INNOVATIONSNEW+3.0K3.0K+$216,929$216,929
PNRPENTAIR PLCNEW+3.2K3.2K+$204,136$204,136
MMM3M COMPANYSOLD OUT−24.1K0−$3M$0

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

Holdings — Q2 2023

200 positions (from 201 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.60%$17M50.2K
2GOOGALPHABET INC-CL CCOM3.41%$13M104.9K
3PNCPNC FINANCIAL SERVICES GROUPhistory →COM2.78%$10M82.0K
4BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.58%$10M28.1K
5LKQLKQ CORPhistory →COM2.31%$9M147.3K
6METAMETA PLATFORMS INC-Ahistory →COM2.15%$8M27.8K
7OMCOMNICOM GROUP INChistory →COM2.03%$8M79.1K
8AFLA F L A C INChistory →COM2.00%$7M106.5K
9AXPAMERICAN EXPRESS COhistory →COM1.95%$7M41.5K
10FDXFEDEX CORPORATIONhistory →COM1.94%$7M29.1K
11LOWLOWE'S COS INChistory →COM1.93%$7M31.7K
12ALLALLSTATE CORPhistory →COM1.87%$7M63.6K
13GPCGENUINE PARTS COhistory →COM1.84%$7M40.3K
14JNJJOHNSON & JOHNSONhistory →COM1.81%$7M40.6K
15GSGOLDMAN SACHS GROUP INChistory →COM1.81%$7M20.8K
16BABOEING COhistory →COM1.79%$7M31.4K
17UNHUNITEDHEALTH GROUP INChistory →COM1.66%$6M12.9K
18DALDELTA AIRLINES INChistory →COM1.64%$6M128.5K
19ABBVABBVIE INChistory →COM1.62%$6M44.8K
20CVSCVS INChistory →COM1.59%$6M85.4K
21PFEPFIZER INCORPORATEDhistory →COM1.54%$6M156.3K
22CCITIGROUP INChistory →COM1.47%$5M118.7K
23GPIGROUP 1 AUTOMOTIVEhistory →COM1.31%$5M18.9K
24ADIANALOG DEVICES INChistory →COM1.30%$5M24.9K
25INTCINTEL CORPhistory →COM1.20%$4M133.9K
26KMBKIMBERLY-CLARK CORPhistory →COM1.18%$4M31.6K
27CSCOCISCO SYSTEMS INChistory →COM1.15%$4M82.5K
28DISTHE WALT DISNEY COhistory →COM1.15%$4M47.8K
29AMATAPPLIED MATERIALS INChistory →COM1.14%$4M29.3K
30CICIGNA CORPhistory →COM1.03%$4M13.7K
31TE CONNECTIVITY LTD FCOM1.01%$4M26.7K
32RTXRAYTHEON TECHNOLOGIESCOM0.91%$3M34.5K
33IBMINTL BUSINESS MACHINESCOM0.90%$3M24.9K
34CMCSACOMCAST CORP CL ACOM0.86%$3M77.3K
35ARCCARES CAPITAL CORPCOM0.86%$3M170.2K
36BMYBRISTOL-MYERS SQUIBB COCOM0.86%$3M49.9K
37MRKMERCK & CO INC NEWCOM0.85%$3M27.4K
38VVISA INC-CLASS ACOM0.85%$3M13.2K
39DOWDOW INCCOM0.83%$3M58.2K
40SPYS P D R S&P 500COM0.81%$3M6.8K
41NVSNOVARTIS A G SPON ADRCOM0.79%$3M28.9K
42SNASNAP ON INCCOM0.75%$3M9.7K
43ABTABBOTT LABORATORIESCOM0.71%$3M24.1K
44VZVERIZON COMMUNICATIONSCOM0.70%$3M70.3K
45AAPLAPPLE INCCOM0.69%$3M13.2K
46MDTMEDTRONIC PLCCOM0.67%$2M28.3K
47IPINTERNATIONAL PAPERCOM0.64%$2M75.1K
48SUSUNCOR ENERGY INC NEW FCOM0.62%$2M79.0K
49AMZNAMAZON.COM INCCOM0.61%$2M17.4K
50DVNDEVON ENERGY CP NEWCOM0.60%$2M46.2K
51BNYBANK OF NY MELLON CP NEWCOM0.58%$2M48.4K
52TA T & T INC NEWCOM0.54%$2M126.8K
53AVTAVNET INCCOM0.52%$2M38.3K
54MHOM/I HOMES INCCOM0.52%$2M22.1K
55AMCOR PLCCOM0.49%$2M184.1K
56ITTITT INCCOM0.49%$2M19.7K
57USBU S BANCORP DEL NEWCOM0.49%$2M55.3K
58EFAISHARES MSCI EAFE ETFCOM0.49%$2M25.1K
59EXMOCEXXON MOBIL CORPCOM0.48%$2M16.8K
60NVDANVIDIA CORPCOM0.48%$2M4.2K
61COHRCOHERENT INCCOM0.46%$2M33.8K
62LCIILCI INDUSTRIESCOM0.45%$2M13.2K
63GILDGILEAD SCIENCES INCCOM0.43%$2M20.8K
64IRMIRON MOUNTAIN INCCOM0.42%$2M27.5K
65LEGLEGGETT & PLATT INCCOM0.42%$2M52.1K
66COPCONOCOPHILLIPSCOM0.41%$2M14.7K
67BAXBAXTER INTERNATIONALCOM0.40%$1M32.7K
68MPTMEDICAL PROPERTIES TRUST INCCOM0.40%$1M160.5K
69LSTRLANDSTAR SYSTEM INCCOM0.38%$1M7.3K
70PGPROCTER & GAMBLECOM0.37%$1M8.9K
71QCOMQUALCOMM INCCOM0.36%$1M11.2K
72ORCLORACLE CORPORATIONCOM0.35%$1M11.0K
73TJXTJX COMPANIESCOM0.34%$1M15.0K
74AON PLCCOM0.34%$1M3.6K
75METMETLIFE INCCOM0.33%$1M21.8K
76CAHCARDINAL HEALTHCOM0.33%$1M13.0K
77SPBSPECTRUM BRANDS HOLDINGS INCCOM0.33%$1M15.6K
78MSIMOTOROLA SOLUTIONS INCCOM0.33%$1M4.2K
79DHIDR HORTON INCCOM0.33%$1M10.0K
80UFPIUFP INDUSTRIES, INCCOM0.32%$1M12.2K
81WHRWHIRLPOOL CORPCOM0.31%$1M7.8K
82VRTXVERTEX PHARMACEUTICALSCOM0.30%$1M3.2K
83JPMJPMORGAN CHASE & COCOM0.30%$1M7.6K
84TRVTRAVELERS COMPANIES INCCOM0.29%$1M6.3K
85GISGENERAL MILLS INCCOM0.29%$1M14.2K
86SLBSCHLUMBERGER LTDCOM0.28%$1M21.5K
87PGRPROGRESSIVE CORPCOM0.28%$1M7.8K
88GNTXGENTEX CORPCOM0.28%$1M35.0K
89CXTCRANE HOLDINGS COCOM0.27%$1M11.3K
90JCIJOHNSON CONTROLS INCCOM0.27%$1M14.7K
91CAGCONAGRA FOODS INCCOM0.27%$992,64929.4K
92NEW YORK COMMUNITY BANCORPCOM0.26%$979,39787.1K
93TMHCTAYLOR MORRISON HOME CORPCOM0.25%$916,58318.8K
94ZBHZIMMER BIOMET HOLDINGS INCCOM0.25%$912,1846.3K
95PIONEER NATURAL RES COCOM0.24%$899,3684.3K
96MANMANPOWERGROUP INCCOM0.24%$880,94311.1K
97BACBANK OF AMERICA CORPCOM0.23%$871,34430.4K
98LLYELI LILLY & COCOM0.23%$858,2331.8K
99SXTSENSIENT TECHNOLOGIES CORPCOM0.22%$811,94911.4K
100UFPTUFP TECHNOLOGIES INCCOM0.21%$795,7544.1K

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 ↗

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 ↗.