Cubic Asset Management, LLC

CIK

1424322

Location

BOSTON, MA

Portfolio Value

Small $385,795,922

Diversification

Diversified

Filing Date

Global Rank

#2,580 / 7,302 ▼ 15 · as of Mar 2024

Top Industry

Drug Manufacturers - General 7.5%

3Y Alpha vs SPY

-2.0%

Period ended 2 years ago

Filed Apr 24, 2024 · 2y

17 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+67.7%

SPY

+76.5%

Annualised alpha

-2.0%

Max drawdown

−17.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

174 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

6.6%

+0.2 pts

Top 5

19.8%

+1.5 pts

Top 10

29.8%

+1.8 pts

HHI

172

Diversified+11

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Financial Services	25.9%	$100,005,138	35
Technology	14.8%	$56,908,013	19
Healthcare	14.7%	$56,827,172	24
Consumer Cyclical	14.1%	$54,482,470	25
Communication Services	10.5%	$40,531,532	8
Industrials	9.3%	$35,846,093	22
Consumer Defensive	3.1%	$11,820,989	15
Energy	3.1%	$11,795,570	10
Basic Materials	1.8%	$6,826,853	7
Utilities	1.0%	$3,904,617	4
Unclassified	0.9%	$3,560,537	1
Real Estate	0.9%	$3,286,938	4

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
DVN	Devon Energy Corp/De	+6,765	47,865	$2,401,865
LKQ	Lkq Corp	+4,739	141,488	$7,556,874
PFE	Pfizer Inc	+4,639	158,412	$4,395,933
CSCO	Cisco Systems, Inc.	+3,009	77,427	$3,864,381
NEE	Nextera Energy Inc	+2,160	41,196	$2,632,836
STAG	STAG Industrial, Inc.	+2,125	17,400	$668,856
GNRC	Generac Holdings Inc.	+1,196	28,451	$3,588,809
BAC	Bank Of America Corp /De/	+1,140	29,132	$1,104,685
BMY	Bristol Myers Squibb Co	+1,055	45,710	$2,478,853
FNF	Fidelity National Financial, Inc.	+1,010	6,784	$347,377
CVS	CVS HEALTH Corp	+835	78,038	$6,224,310
KMB	Kimberly Clark Corp	+706	28,606	$3,700,186
VMI	Valmont Industries Inc	+690	1,554	$354,747
RTX	RTX Corp	+677	32,921	$3,210,785
OMC	Omnicom Group Inc.	+547	72,489	$7,014,035
USB	US Bancorp De	+505	48,466	$2,166,430
DAL	Delta Air Lines, Inc.	+425	118,264	$5,661,297
GILD	Gilead Sciences, Inc.	+365	20,867	$1,528,507
PNC	Pnc Financial Services Group, Inc.	+335	79,057	$12,775,611
CI	Cigna Group	+324	12,871	$4,674,618
DOW	Dow Inc.	+116	51,965	$3,010,332
FDX	Fedex Corp	+105	26,967	$6,296,066
SLB	Slb Limited/Nv	+105	17,541	$961,422
ARCC	Ares Capital Corp	+50	149,118	$3,104,636
ALL	Allstate Corp	+44	58,874	$10,185,790
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TTD	Trade Desk, Inc.	−10,000	40,000	$3,496,800
ACU	Acme United Corp	−4,070	5,930	$278,650
MOD	Modine Manufacturing Co	−3,000	11,100	$1,056,609
AQN	Algonquin Power & Utilities Corp.	−2,475	66,065	$417,530
T	At&T Inc.	−2,400	100,369	$1,766,494
INTC	Intel Corp	−2,390	119,042	$5,258,085
AFL	Aflac Inc	−2,200	92,389	$7,932,519
UFPT	Ufp Technologies Inc	−1,800	2,305	$581,321
WBD	Warner Bros. Discovery, Inc.	−1,625	15,075	$131,604
LEG	Leggett & Platt Inc	−1,025	73,126	$1,400,362
UFPI	Ufp Industries Inc	−900	11,315	$1,391,858
SFM	Sprouts Farmers Market, Inc.	−835	5,020	$323,689
KMI	Kinder Morgan, Inc.	−760	11,532	$211,496
AXP	American Express Co	−672	35,433	$8,067,739
TMHC	Taylor Morrison Home Corp	−590	17,336	$1,077,779
ITT	Itt Inc.	−580	15,540	$2,113,906
BAX	Baxter International Inc	−550	21,999	$940,237
SU	Suncor Energy Inc	−450	71,803	$2,650,248
C	Citigroup Inc	−450	105,008	$6,640,705
VZ	Verizon Communications Inc	−410	62,578	$2,625,772
COHR	Coherent Corp.	−380	35,012	$2,122,427
UNH	Unitedhealth Group Inc	−322	11,883	$5,878,520
MDT	Medtronic plc	−268	23,010	$2,005,321
NVS	Novartis AG	−200	23,493	$2,272,477
MRNA	Moderna, Inc.	−200	3,725	$396,936
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
LNC	Lincoln National Corp	103,735	$3,312,258
LYTS	Lsi Industries Inc	46,375	$701,190
PKG	Packaging Corp Of America	1,200	$227,736
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
IBM	International Business Machines Corp	23,507	$3,844,569
BA	Boeing Co	12,891	$3,360,168
QCOM	Qualcomm Inc/De	12,312	$1,780,684
NATL	NCR Atleos Corp	9,912	$240,762
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

174 positions · $385,795,922 total · as of Mar 31, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 174 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	60,298	-99	$25,368,574	+11.7%	6.58%
META	Meta Platforms, Inc. Communication Services	Reduced	35,600	-74	$17,286,648	+36.9%	4.48%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	79,057	+335	$12,775,611	+4.8%	3.31%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	25,888	-23	$10,886,421	+17.8%	2.82%
ALL	Allstate Corp Financial Services	Added	58,874	+44	$10,185,790	+23.7%	2.64%
AXP	American Express Co Financial Services	Reduced	35,433	-672	$8,067,739	+19.3%	2.09%
AFL	Aflac Inc Financial Services	Reduced	92,389	-2,200	$7,932,519	+1.7%	2.06%
LOW	Lowes Companies Inc Consumer Cyclical	Added	29,722	+1	$7,571,085	+14.5%	1.96%
LKQ	Lkq Corp Consumer Cyclical	Added	141,488	+4,739	$7,556,874	+15.6%	1.96%
ABBV	AbbVie Inc. Healthcare	Reduced	39,689	-71	$7,227,366	+17.3%	1.87%
GS	Goldman Sachs Group Inc Financial Services	Held	17,079	0	$7,133,727	+8.3%	1.85%
AMZN	Amazon Com Inc Consumer Cyclical	Added	39,333	+5	$7,094,886	+18.7%	1.84%
OMC	Omnicom Group Inc. Communication Services	Added	72,489	+547	$7,014,035	+12.7%	1.82%
MA	Mastercard Inc Financial Services	Held	13,933	0	$6,709,714	+12.9%	1.74%
C	Citigroup Inc Financial Services	Reduced	105,008	-450	$6,640,705	+22.4%	1.72%
FDX	Fedex Corp Industrials	Added	26,967	+105	$6,296,066	+15.0%	1.63%
CVS	CVS HEALTH Corp Healthcare	Added	78,038	+835	$6,224,310	+2.1%	1.61%
UNH	Unitedhealth Group Inc Healthcare	Reduced	11,883	-322	$5,878,520	−8.5%	1.52%
JNJ	Johnson & Johnson Healthcare	Reduced	36,055	-5	$5,703,540	+0.9%	1.48%
DAL	Delta Air Lines, Inc. Industrials	Added	118,264	+425	$5,661,297	+19.4%	1.47%
AMAT	Applied Materials Inc /De Technology	Held	27,042	0	$5,576,871	+27.2%	1.45%
GPC	Genuine Parts Co Consumer Cyclical	Reduced	35,810	-130	$5,548,043	+11.5%	1.44%
DIS	Walt Disney Co Communication Services	Reduced	43,274	-190	$5,295,006	+34.9%	1.37%
INTC	Intel Corp Technology	Reduced	119,042	-2,390	$5,258,085	−13.8%	1.36%
GPI	Group 1 Automotive Inc Consumer Cyclical	Held	16,956	0	$4,955,051	−4.1%	1.28%
CI	Cigna Group Healthcare	Added	12,871	+324	$4,674,618	+24.4%	1.21%
PFE	Pfizer Inc Healthcare	Added	158,412	+4,639	$4,395,933	−0.7%	1.14%
ADI	Analog Devices Inc Technology	Reduced	21,316	-75	$4,216,091	−0.7%	1.09%
CSCO	Cisco Systems, Inc. Technology	Added	77,427	+3,009	$3,864,381	+2.8%	1.00%
KMB	Kimberly Clark Corp Consumer Defensive	Added	28,606	+706	$3,700,186	+9.1%	0.96%
GNRC	Generac Holdings Inc. Industrials	Added	28,451	+1,196	$3,588,809	+1.9%	0.93%
V	Visa Inc. Financial Services	Added	12,803	+22	$3,573,061	+7.4%	0.93%
SPY	Spdr S&P 500 ETF Trust	Added	6,807	+10	$3,560,537	+10.2%	0.92%
TTD	Trade Desk, Inc. Communication Services	Reduced	40,000	-10,000	$3,496,800	−2.8%	0.91%
LNC	Lincoln National Corp Financial Services	NEW	103,735	NEW	$3,312,258	NEW	0.86%
MRK	Merck & Co., Inc. Healthcare	Reduced	25,094	-50	$3,311,153	+20.8%	0.86%
RTX	RTX Corp Industrials	Added	32,921	+677	$3,210,785	+18.3%	0.83%
ARCC	Ares Capital Corp Financial Services	Added	149,118	+50	$3,104,636	+4.0%	0.80%
DOW	Dow Inc. Basic Materials	Added	51,965	+116	$3,010,332	+5.9%	0.78%
MHO	M/I Homes, Inc. Consumer Cyclical	Held	22,005	0	$2,999,061	−1.1%	0.78%
CMCSA	Comcast Corp Communication Services	Reduced	71,753	-85	$2,915,173	−1.3%	0.76%
SU	Suncor Energy Inc Energy	Reduced	71,803	-450	$2,650,248	+14.5%	0.69%
NEE	Nextera Energy Inc Utilities	Added	41,196	+2,160	$2,632,836	+11.0%	0.68%
VZ	Verizon Communications Inc Communication Services	Reduced	62,578	-410	$2,625,772	+10.6%	0.68%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	44,170	-25	$2,545,075	+10.6%	0.66%
SNA	Snap-on Inc Industrials	Reduced	8,454	-2	$2,504,243	+2.5%	0.65%
BMY	Bristol Myers Squibb Co Healthcare	Added	45,710	+1,055	$2,478,853	+8.2%	0.64%
IP	International Paper Co /New/ Consumer Cyclical	Held	62,051	0	$2,421,230	+7.9%	0.63%
ABT	Abbott Laboratories Healthcare	Reduced	21,245	-33	$2,414,706	+3.1%	0.63%
DVN	Devon Energy Corp/De Energy	Added	47,865	+6,765	$2,401,865	+29.0%	0.62%