Cubic Asset Management 13F Holdings Comparison Q3 2022 vs. Q4 2022 Analysis

Cubic Asset Management, LLC recently released their Q3 2022 vs. Q4 2022 13F Holdings Comparison, detailing the changes in holdings for their fund. A 13F filing is a quarterly report filed to the Securities and Exchange Commission (SEC) by institutional investment managers that manages at least $100 million in qualifying assets. These reports detail the investment manager's holdings of publicly traded securities. As per the report, we can see that there were some significant changes made to the holdings of the fund in the last quarter.

Let's begin with the top holdings of the fund, which includes Microsoft Corp (MSFT). The report shows that the fund reduced its holdings in MSFT during Q4 2022, selling around 1,710 shares, or 0.3% of its total holdings. Although the Q3 value of the holdings was slightly higher than Q4, it was a minor reduction overall.

Another top holding of the fund is PNC Financial Services Group (PNC), and the report shows that the fund increased its holdings in PNC during Q4 2022. This is a considerable increase of around 6.6% or 515 shares of the total holdings. This is significant given the size of PNC's position in the fund and indicates that the fund sees positive prospects for PNC.

One of the more drastic changes in the fund's holdings is the reduction of its holdings in Alphabet Inc-Cl C (GOOG). The report reveals that the fund sold around 9,123 shares, representing a 11.3% decrease from its holdings in the previous quarter. This reduction is quite significant, and it would be interesting to know why the fund decided to reduce its position in GOOG.

Allstate Corp (ALL) is another significant holding of the fund, and the report shows that the fund reduced its holdings in ALL during Q4 2022. The fund sold around 2,971 shares or 4.2% of its total shares. However, the Q4 value of the holdings is higher than Q3, indicating that the fund is still bullish on ALL.

Berkshire Hathaway B New Class (BRK-B) is another top holding of the fund, and the report reveals that the fund sold around 1,417 shares during Q4 2022. However, the Q4 value of the holdings is higher than Q3, indicating that the fund has confidence in the long-term outlook for the company.

The report also shows that the fund increased its holdings in Pfizer Incorporated (PFE) during Q4 2022, buying around 788 shares or 11.1% of its total holdings. This increase indicates the fund is confident in the long-term prospects of the company.

LKQ Corp (LKQ) is another top holding of the fund, and the report reveals that the fund sold around 1,107 shares, representing a 5.3% decrease from its holdings in the previous quarter. Although this reduction is not significant, it would be interesting to know why the fund decided to reduce its position in LKQ.

CVS (CVS) is another significant holding of the fund, and the report reveals that the fund reduced its holdings in CVS during Q4 2022. The fund sold around 2,362 shares or 6% of its total shares, reflecting a bearish sentiment on the company.

Overall, the Q3 2022 vs. Q4 2022 13F Holdings Comparison report shows several changes in the holdings of the fund. Some holdings were reduced, such as LKQ and CVS, while others were increased, such as PNC and Pfizer. These changes indicate that the fund has a positive outlook on some companies and a bearish outlook on others. It will be interesting to see how these positions continue to evolve in the coming quarters.