SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Cubic Asset Management, LLC

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

Reported Value
$389M
Q4 2023
Positions
204
Filings on Record
23
2019–present window
Filed
Jan 24, 2024
original filing

Summary

Cubic Asset Management, LLC reported $389M in U.S.-listed holdings across 204 positions for Q4 2023.

Its largest position, MSFT, represents 5.8% of the portfolio.

Compared with Q3 2023, the fund opened 10 new positions and exited 7.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+27.4%
share of reported value
Largest Position
+5.8%
Microsoft
New / Exited
10 / 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: 94.3%ETP: 2.5%Other: 1.6%ADR: 0.9%REIT: 0.7%Closed-End Fund: 0.0%
  • Common Stock · 94.3% · $367M
  • ETP · 2.5% · $10M
  • Other · 1.6% · $6M
  • ADR · 0.9% · $3M
  • REIT · 0.7% · $3M
  • Closed-End Fund · 0.0% · $129,744

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSMORGAN STANLEYNEW+6.3K6.3K+$587,102$587,102
PREMIER INCNEW+20.0K20.0K+$447,200$447,200
NATLNCR ATLEOS CORPNEW+9.9K9.9K+$240,762$240,762
DARDARLING INGREDIENTS INCNEW+4.7K4.7K+$234,248$234,248
FBINFORTUNE BRANDS INNOVATIONSNEW+3.0K3.0K+$229,562$229,562
DUKDUKE ENERGY CORP NEWNEW+2.3K2.3K+$219,602$219,602
BNBROOKFIELD CORPNEW+5.4K5.4K+$216,648$216,648
NDAQNASDAQ INCNEW+3.5K3.5K+$204,944$204,944

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

Holdings — Q4 2023

203 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.84%$23M60.4K
2GOOGALPHABET INC-CL CCOM3.50%$14M96.7K
3METAMETA PLATFORMS INC-Ahistory →COM3.24%$13M35.7K
4PNCPNC FINANCIAL SERVICES GROUPhistory →COM3.13%$12M78.7K
5BRK/BBERKSHIRE HATHAWAY B NEW CLASShistory →COM2.37%$9M25.9K
6ALLALLSTATE CORPhistory →COM2.12%$8M58.8K
7AFLA F L A C INChistory →COM2.00%$8M94.6K
8FDXFEDEX CORPORATIONhistory →COM1.75%$7M26.9K
9AXPAMERICAN EXPRESS COhistory →COM1.74%$7M36.1K
10LOWLOWE'S COS INChistory →COM1.70%$7M29.7K
11GSGOLDMAN SACHS GROUP INChistory →COM1.69%$7M17.1K
12LKQLKQ CORPhistory →COM1.68%$7M136.7K
13UNHUNITEDHEALTH GROUP INChistory →COM1.65%$6M12.2K
14OMCOMNICOM GROUP INChistory →COM1.60%$6M71.9K
15ABBVABBVIE INChistory →COM1.58%$6M39.8K
16INTCINTEL CORPhistory →COM1.57%$6M121.4K
17CVSCVS INChistory →COM1.57%$6M77.2K
18AMZNAMAZON.COM INChistory →COM1.54%$6M39.3K
19MAMASTERCARD INC-CLASS Ahistory →COM1.53%$6M13.9K
20JNJJOHNSON & JOHNSONhistory →COM1.45%$6M36.1K
21CCITIGROUP INChistory →COM1.39%$5M105.5K
22GPIGROUP 1 AUTOMOTIVEhistory →COM1.33%$5M17.0K
23GPCGENUINE PARTS COhistory →COM1.28%$5M35.9K
24DALDELTA AIRLINES INChistory →COM1.22%$5M117.8K
25PFEPFIZER INCORPORATEDhistory →COM1.14%$4M153.8K
26AMATAPPLIED MATERIALS INChistory →COM1.13%$4M27.0K
27ADIANALOG DEVICES INChistory →COM1.09%$4M21.4K
28DISTHE WALT DISNEY COhistory →COM1.01%$4M43.5K
29IBMINTL BUSINESS MACHINESCOM0.99%$4M23.5K
30CSCOCISCO SYSTEMS INCCOM0.97%$4M74.4K
31CICIGNA CORPCOM0.97%$4M12.5K
32TTDTHE TRADE DESK, INC.COM0.92%$4M50.0K
33GNRCGENERAC HOLDINGS INCCOM0.90%$4M27.3K
34KMBKIMBERLY-CLARK CORPCOM0.87%$3M27.9K
35BABOEING COCOM0.86%$3M12.9K
36VVISA INC-CLASS ACOM0.85%$3M12.8K
37SPYS P D R S&P 500COM0.83%$3M6.8K
38CMCSACOMCAST CORP CL ACOM0.81%$3M71.8K
39TE CONNECTIVITY LTD FCOM0.80%$3M22.1K
40MHOM/I HOMES INCCOM0.78%$3M22.0K
41ARCCARES CAPITAL CORPCOM0.77%$3M149.1K
42DOWDOW INCCOM0.73%$3M51.8K
43MRKMERCK & CO INC NEWCOM0.70%$3M25.1K
44RTXRTX CORPCOM0.70%$3M32.2K
45AAPLAPPLE INCCOM0.65%$3M13.1K
46SNASNAP ON INCCOM0.63%$2M8.5K
47NVSNOVARTIS A G SPON ADRCOM0.61%$2M23.7K
48VZVERIZON COMMUNICATIONSCOM0.61%$2M63.0K
49NEENEXTERA ENERGY INCCOM0.61%$2M39.0K
50ABTABBOTT LABORATORIESCOM0.60%$2M21.3K
51SUSUNCOR ENERGY INC NEW FCOM0.59%$2M72.3K
52BNYBANK OF NY MELLON CP NEWCOM0.59%$2M44.2K
53BMYBRISTOL-MYERS SQUIBB COCOM0.59%$2M44.7K
54IPINTERNATIONAL PAPERCOM0.58%$2M62.1K
55NVDANVIDIA CORPCOM0.54%$2M4.2K
56USBU S BANCORP DEL NEWCOM0.53%$2M48.0K
57LEGLEGGETT & PLATT INCCOM0.50%$2M74.2K
58IRMIRON MOUNTAIN INCCOM0.49%$2M27.5K
59ITTITT INCCOM0.49%$2M16.1K
60MDTMEDTRONIC PLCCOM0.49%$2M23.3K
61AVTAVNET INCCOM0.49%$2M37.9K
62DVNDEVON ENERGY CP NEWCOM0.48%$2M41.1K
63EFAISHARES MSCI EAFE ETFCOM0.47%$2M24.4K
64QCOMQUALCOMM INCCOM0.46%$2M12.3K
65TA T & T INC NEWCOM0.44%$2M102.8K
66TJXTJX COMPANIESCOM0.44%$2M18.2K
67GILDGILEAD SCIENCES INCCOM0.43%$2M20.5K
68EXMOCEXXON MOBIL CORPCOM0.42%$2M16.4K
69AMEAMETEK INCCOM0.42%$2M9.9K
70LCIILCI INDUSTRIESCOM0.42%$2M12.9K
71COHRCOHERENT INCCOM0.40%$2M35.4K
72UFPIUFP INDUSTRIES, INCCOM0.39%$2M12.2K
73DHIDR HORTON INCCOM0.39%$2M10.0K
74DYDYCOM INDUSTRIESCOM0.35%$1M11.9K
75PGPROCTER & GAMBLECOM0.34%$1M8.9K
76VRTXVERTEX PHARMACEUTICALSCOM0.33%$1M3.2K
77MSIMOTOROLA SOLUTIONS INCCOM0.33%$1M4.2K
78CRCRANE HOLDINGS COCOM0.33%$1M10.9K
79PGRPROGRESSIVE CORPCOM0.32%$1M7.8K
80LSTRLANDSTAR SYSTEM INCCOM0.31%$1M6.3K
81TRVTRAVELERS COMPANIES INCCOM0.31%$1M6.2K
82ORCLORACLE CORPORATIONCOM0.30%$1M11.0K
83METMETLIFE INCCOM0.29%$1M17.1K
84COPCONOCOPHILLIPSCOM0.29%$1M9.6K
85JPMJPMORGAN CHASE & COCOM0.29%$1M6.5K
86CAHCARDINAL HEALTHCOM0.28%$1M10.9K
87SPBSPECTRUM BRANDS HOLDINGS INCCOM0.28%$1M13.5K
88LLYELI LILLY & COCOM0.27%$1M1.8K
89WHRWHIRLPOOL CORPCOM0.27%$1M8.7K
90AON PLCCOM0.27%$1M3.6K
91MCDMCDONALDS CORPCOM0.27%$1M3.5K
92GNTXGENTEX CORPCOM0.25%$964,77629.5K
93TMHCTAYLOR MORRISON HOME CORPCOM0.25%$956,35217.9K
94BACBANK OF AMERICA CORPCOM0.24%$942,49128.0K
95GISGENERAL MILLS INCCOM0.24%$921,73114.2K
96LENLENNAR CORP-ACOM0.23%$909,1446.1K
97SLBSCHLUMBERGER LTDCOM0.23%$907,36917.4K
98MANMANPOWERGROUP INCCOM0.23%$875,75911.0K
99NEW YORK COMMUNITY BANCORPCOM0.22%$874,10285.4K
100BAXBAXTER INTERNATIONALCOM0.22%$871,74422.5K

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 ↗.