Cubic Asset Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Cubic Asset Management, LLC reported 202 stock positions worth $422.4 million. Its top holding was Microsoft (MSFT) at 6.0% of the portfolio, followed by Meta Platforms Class A (META, 4.1%) and Alphabet Class C (GOOG, 3.3%). Compared with Q4 2023, it opened 4 new positions, sold out of 6, added to 41 and reduced 51. The biggest buy was a new position in Lincoln National (LNC) and the biggest sale an exit from Intl Business Machines (IBM).

Most Recent 13F
Q1 2024
Location
BOSTON, MA
CIK
0001424322
Portfolio Value
$422.4M (Q1 2024)
SEC Filing
0001424322-24-000004 ↗ filed Apr 24, 2024

Holdings 202 stocks · $422.4M
MSFT Microsoft Corp. 6.01% 60,298 $25.4M Reduce -0.2%
META Meta Platforms Inc. Class A 4.09% 35,600 $17.3M Reduce -0.2%
GOOG Alphabet Inc. Class C 3.30% 91,546 $13.9M Reduce -0.6%
PNC PNC Financial Services Group 3.02% 79,057 $12.8M Add +0.4%
BRK.B Berkshire Hathaway Inc. Class B 2.58% 25,888 $10.9M Reduce -0.1%
ALL Allstate Corp. 2.41% 58,874 $10.2M Add +0.1%
AXP American Express Co. 1.91% 35,433 $8.1M Reduce -1.9%
AFL Aflac Inc. 1.88% 92,389 $7.9M Reduce -2.3%
FDX FedEx Corp. 1.85% 26,967 $7.8M Add +0.4%
LOW Lowe's Cos Inc. 1.79% 29,722 $7.6M Add +0.0%
LKQ LKQ Corp. 1.79% 141,488 $7.6M Add +3.5%
ABBV Abbvie Inc. 1.71% 39,689 $7.2M Reduce -0.2%
GS Goldman Sachs Group Inc. 1.69% 17,079 $7.1M No change
AMZN Amazon.com Inc. 1.68% 39,333 $7.1M Add +0.0%
OMC Omnicom Group 1.66% 72,489 $7.0M Add +0.8%
MA Mastercard Inc. Class A 1.59% 13,933 $6.7M No change
C Citigroup Inc. 1.57% 105,008 $6.6M Reduce -0.4%
CVS CVS Health Corp. 1.47% 78,038 $6.2M Add +1.1%
UNH Unitedhealth Group Inc. 1.39% 11,883 $5.9M Reduce -2.6%
JNJ Johnson & Johnson 1.35% 36,055 $5.7M Reduce -0.0%
DAL Delta Air Lines Inc. 1.34% 118,264 $5.7M Add +0.4%
AMAT Applied Materials Inc. 1.32% 27,042 $5.6M No change
GPC Genuine Parts Co. 1.31% 35,810 $5.5M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.25% 43,274 $5.3M Reduce -0.4%
INTC Intel Corp. 1.24% 119,042 $5.3M Reduce -2.0%
GPI Group 1 Automotive Inc. 1.17% 16,956 $5.0M No change
CI The Cigna Group 1.11% 12,871 $4.7M Add +2.6%
PFE Pfizer Inc. 1.04% 158,412 $4.4M Add +3.0%
ADI Analog Devices Inc. 1.00% 21,316 $4.2M Reduce -0.3%
CSCO Cisco Systems Inc. 0.91% 77,427 $3.9M Add +4.0%
NVDA Nvidia Corp. 0.90% 4,220 $3.8M No change
KMB Kimberly-Clark Corp. 0.88% 28,606 $3.7M Add +2.5%
GNRC Generac Holdings Inc. 0.85% 28,451 $3.6M Add +4.4%
V Visa Inc. Class A 0.85% 12,803 $3.6M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.84% 6,807 $3.6M Add +0.1%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.83% 40,000 $3.5M Reduce -20.0%
LNC Lincoln National Corp. 0.78% 103,735 $3.3M New
MRK Merck & Co. Inc. 0.78% 25,094 $3.3M Reduce -0.2%
RTX RTX Corp. 0.76% 32,921 $3.2M Add +2.1%
TEL Te Connectivity Ltd. 0.76% 22,035 $3.2M Reduce -0.5%
CMCSA Comcast Corp. Class A 0.74% 71,753 $3.1M Reduce -0.1%
ARCC Ares Capital Corp. 0.73% 149,118 $3.1M Add +0.0%
DOW Dow Inc. 0.71% 51,965 $3.0M Add +0.2%
MHO M/I Homes Inc. 0.71% 22,005 $3.0M No change
SU Suncor Energy Inc. 0.63% 71,803 $2.7M Reduce -0.6%
NEE Nextera Energy Inc. 0.62% 41,196 $2.6M Add +5.5%
VZ Verizon Communications Inc. 0.62% 62,578 $2.6M Reduce -0.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.60% 44,170 $2.5M Reduce -0.1%
SNA Snap-on Inc. 0.59% 8,454 $2.5M Reduce -0.0%
BMY Bristol-Myers Squibb Co. 0.59% 45,710 $2.5M Add +2.4%
IP International Paper Co. 0.57% 62,051 $2.4M No change
ABT Abbott Laboratories 0.57% 21,245 $2.4M Reduce -0.2%
DVN Devon Energy Corp. 0.57% 47,865 $2.4M Add +16.5%
NVS Novartis AG-Sponsored ADR 0.54% 23,493 $2.3M Reduce -0.8%
AAPL Apple Inc. 0.53% 13,057 $2.2M No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.52% 27,525 $2.2M No change
USB US Bancorp 0.51% 48,466 $2.2M Add +1.1%
COHR Coherent Corp. 0.50% 35,012 $2.1M Reduce -1.1%
ITT Itt Inc. 0.50% 15,540 $2.1M Reduce -3.6%
MDT Medtronic PLC 0.47% 23,010 $2.0M Reduce -1.1%
EFA iShares MSCI Eafe ETF 0.46% 24,372 $1.9M Add +0.1%
XOM Exxon Mobil Corp. 0.45% 16,356 $1.9M Reduce -0.1%
AVT Avnet Inc. 0.44% 37,910 $1.9M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.44% 18,208 $1.8M No change
AME Ametek Inc. 0.43% 9,900 $1.8M No change
T AT&T Inc. 0.42% 100,369 $1.8M Reduce -2.3%
DY Dycom Industries Inc. 0.40% 11,862 $1.7M Reduce -0.2%
DHI D.R. Horton Inc. 0.39% 10,000 $1.6M No change
PGR Progressive Corp. 0.38% 7,809 $1.6M No change
LCII Lci Industries 0.38% 12,884 $1.6M No change
GILD Gilead Sciences Inc. 0.36% 20,867 $1.5M Add +1.8%
CR Crane Co. 0.35% 10,789 $1.5M Reduce -0.7%
PG The Procter & Gamble Co. 0.34% 8,898 $1.4M No change
TRV The Travelers Cos Inc. 0.34% 6,244 $1.4M No change
LLY Eli Lilly & Co. 0.34% 1,830 $1.4M No change
MSI Motorola Solutions Inc. 0.34% 3,988 $1.4M Reduce -4.0%
LEG Leggett & Platt Inc. 0.33% 73,126 $1.4M Reduce -1.4%
UFPI Ufp Industries Inc. 0.33% 11,315 $1.4M Reduce -7.4%
ORCL Oracle Corp. 0.33% 11,025 $1.4M No change
VRTX Vertex Pharmaceuticals Inc. 0.32% 3,200 $1.3M No change
JPM JPMorgan Chase & Co. 0.31% 6,570 $1.3M Add +0.5%
MET Metlife Inc. 0.30% 17,110 $1.3M No change
COP Conocophillips 0.29% 9,611 $1.2M No change
CAH Cardinal Health Inc. 0.29% 10,865 $1.2M No change
LSTR Landstar System Inc. 0.29% 6,290 $1.2M No change
SPB Spectrum Brands Holdings Inc. 0.28% 13,459 $1.2M No change
AON Aon PLC 0.28% 3,492 $1.2M Reduce -3.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 29,132 $1.1M Add +4.1%
TMHC Taylor Morrison Home Corp. 0.26% 17,336 $1.1M Reduce -3.3%
GNTX Gentex Corp. 0.25% 29,540 $1.1M No change
MOD Modine Manufacturing Co. 0.25% 11,100 $1.1M Reduce -21.3%
LEN Lennar Corp. Class A 0.25% 6,100 $1.0M No change
WHR Whirlpool Corp. 0.25% 8,700 $1.0M No change
MCD McDonald's Corp. 0.23% 3,520 $992K No change
GIS General Mills Inc. 0.23% 14,150 $990K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.23% 17,541 $961K Add +0.6%
AIZ Assurant Inc. 0.23% 5,100 $960K No change
JCI Johnson Controls Internation 0.23% 14,579 $952K No change
BAX Baxter International Inc. 0.22% 21,999 $940K Reduce -2.4%
PXD Pioneer Natural Resources Co. 0.22% 3,524 $925K No change

Show all 202 holdings

Portfolio Sells Q4 2023 → Q1 2024
IBM Intl Business Machines Corp. Sold out 0.00% −0.99
BA The Boeing Co. Sold out 0.00% −0.86
QCOM Qualcomm Inc. Sold out 0.00% −0.46
INTC Intel Corp. Reduce -2.0% 1.24% −0.32
UNH Unitedhealth Group Inc. Reduce -2.6% 1.39% −0.26
FLG New York Community Bancorp Sold out 0.00% −0.22
HAYN Haynes International Inc. Sold out 0.00% −0.17
LEG Leggett & Platt Inc. Reduce -1.4% 0.33% −0.17
AFL Aflac Inc. Reduce -2.3% 1.88% −0.13
JNJ Johnson & Johnson Reduce -0.0% 1.35% −0.10
TTD Trade Desk Inc./the Class A Reduce -20.0% 0.83% −0.10
ADI Analog Devices Inc. Reduce -0.3% 1.00% −0.09
NVS Novartis AG-Sponsored ADR Reduce -0.8% 0.54% −0.08
CMCSA Comcast Corp. Class A Reduce -0.1% 0.74% −0.07
UFPI Ufp Industries Inc. Reduce -7.4% 0.33% −0.06
NATL NCR Atleos Corp. Sold out 0.00% −0.06
ACU Acme United Corp. Reduce -40.7% 0.07% −0.04
UFPT Ufp Technologies Inc. Reduce -43.9% 0.14% −0.04
TEL Te Connectivity Ltd. Reduce -0.5% 0.76% −0.04
SNA Snap-on Inc. Reduce -0.0% 0.59% −0.03
GOOG Alphabet Inc. Class C Reduce -0.6% 3.30% −0.03
ABT Abbott Laboratories Reduce -0.2% 0.57% −0.03
T AT&T Inc. Reduce -2.3% 0.42% −0.02
MDT Medtronic PLC Reduce -1.1% 0.47% −0.02
WBD Warner Bros Discovery Inc. Reduce -9.7% 0.03% −0.02
PARAA Paramount Global Class B Reduce -0.2% 0.04% −0.01
AQN Algonquin Power & Utilities Reduce -3.6% 0.10% −0.01
SCHP Schwab U.S. Tips ETF Reduce -0.4% 0.11% −0.01
KO The Coca-Cola Co. Reduce -0.6% 0.15% −0.01
MRNA Moderna Inc. Reduce -5.1% 0.09% −0.01
KMI Kinder Morgan Inc. Reduce -6.2% 0.05% −0.01
CXT Crane NXT Co. Reduce -1.4% 0.16% −0.00
BAX Baxter International Inc. Reduce -2.4% 0.22% −0.00
CRM Salesforce Inc. Reduce -5.2% 0.13% 0.00
JEF Jefferies Financial Group Inc. Reduce -0.4% 0.21% +0.00
MSI Motorola Solutions Inc. Reduce -4.0% 0.34% +0.00
SFM Sprouts Farmers Market Inc. Reduce -14.3% 0.08% +0.00
ITT Itt Inc. Reduce -3.6% 0.50% +0.01
AON Aon PLC Reduce -3.2% 0.28% +0.01
TMHC Taylor Morrison Home Corp. Reduce -3.3% 0.26% +0.01
BNY Bank of New York Mellon Corp. Reduce -0.1% 0.60% +0.01
VZ Verizon Communications Inc. Reduce -0.7% 0.62% +0.01
CR Crane Co. Reduce -0.7% 0.35% +0.02
XOM Exxon Mobil Corp. Reduce -0.1% 0.45% +0.03
SU Suncor Energy Inc. Reduce -0.6% 0.63% +0.03
MOD Modine Manufacturing Co. Reduce -21.3% 0.25% +0.03
GPC Genuine Parts Co. Reduce -0.4% 1.31% +0.03
DY Dycom Industries Inc. Reduce -0.2% 0.40% +0.05
MRK Merck & Co. Inc. Reduce -0.2% 0.78% +0.08
COHR Coherent Corp. Reduce -1.1% 0.50% +0.11

Portfolio Buys Q4 2023 → Q1 2024
LNC Lincoln National Corp. New 0.78% +0.78
ALL Allstate Corp. Add +0.1% 2.41% +0.30
LYTS Lsi Industries Inc. New 0.17% +0.17
AMZN Amazon.com Inc. Add +0.0% 1.68% +0.14
CI The Cigna Group Add +2.6% 1.11% +0.14
DAL Delta Air Lines Inc. Add +0.4% 1.34% +0.12
LKQ LKQ Corp. Add +3.5% 1.79% +0.11
FDX FedEx Corp. Add +0.4% 1.85% +0.10
LOW Lowe's Cos Inc. Add +0.0% 1.79% +0.09
DVN Devon Energy Corp. Add +16.5% 0.57% +0.09
RTX RTX Corp. Add +2.1% 0.76% +0.06
OMC Omnicom Group Add +0.8% 1.66% +0.06
PKG Packaging Corp. of America New 0.05% +0.05
HSII Heidrick & Struggles Intl New 0.05% +0.05
EUSA iShares MSCI USA Equal Weigh Add +96.7% 0.10% +0.05
VMI Valmont Industries Add +79.9% 0.08% +0.03
JPM JPMorgan Chase & Co. Add +0.5% 0.31% +0.03
PREMIER INC-CLASS A Add +29.1% 0.14% +0.02
BAC Bank of America Corp. Add +4.1% 0.26% +0.02
AGG iShares Core U.S. Aggregate Add +26.9% 0.13% +0.02
NEE Nextera Energy Inc. Add +5.5% 0.62% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 0.84% +0.01
RSP Invesco S&P 500 Equal Weight Add +9.4% 0.17% +0.01
FNF Fidelity National Financial Add +17.5% 0.09% +0.01
KMB Kimberly-Clark Corp. Add +2.5% 0.88% +0.00
STAG Stag Industrial Inc. Add +13.9% 0.16% +0.00
SCHB Schwab US Broad Market ETF Add +0.4% 0.09% +0.00
BMY Bristol-Myers Squibb Co. Add +2.4% 0.59% −0.00
CVX Chevron Corp. Add +0.9% 0.15% −0.00
SLB SLB Ltd. Add +0.6% 0.23% −0.01
V Visa Inc. Class A Add +0.2% 0.85% −0.01
TIP iShares Tips Bond ETF Add +1.9% 0.14% −0.01
EFA iShares MSCI Eafe ETF Add +0.1% 0.46% −0.01
LH Laboratory CRP of Amer Hldgs Add +5.9% 0.17% −0.01
IWN iShares Russell 2000 Value E Add +0.1% 0.19% −0.01
HON Honeywell International Inc. Add +1.0% 0.15% −0.01
DOW Dow Inc. Add +0.2% 0.71% −0.02
USB US Bancorp Add +1.1% 0.51% −0.02
ARCC Ares Capital Corp. Add +0.0% 0.73% −0.03
CSCO Cisco Systems Inc. Add +4.0% 0.91% −0.05
GNRC Generac Holdings Inc. Add +4.4% 0.85% −0.06
GILD Gilead Sciences Inc. Add +1.8% 0.36% −0.06
CVS CVS Health Corp. Add +1.1% 1.47% −0.09
PFE Pfizer Inc. Add +3.0% 1.04% −0.10
PNC PNC Financial Services Group Add +0.4% 3.02% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2024 202$422.4MMSFT, META, GOOG, PNC, BRK.B