Cubic Asset Management, LLC Q3 2023 vs. Q4 2023 13F Holdings Comparison

Cubic Asset Management, LLC is a prominent investment firm known for its strategic investment decisions and wealth management services. As Q3 2023 transitions into Q4 2023, significant changes have been observed in the company's 13F holdings. In this article, we will delve into the details of these holdings and explore the reasons behind the shifts.

Microsoft Corporation (MSFT)

In Q4 2023, Cubic Asset Management's holdings in Microsoft Corporation saw a slight decrease, with 60,397 shares compared to 61,318 shares in Q3 2023. Despite this decrease, the value of the holdings increased from $19,361,000 to $22,711,000. This indicates the firm's continued trust and confidence in Microsoft's growth potential.

Alphabet Inc. - Class C (GOOG)

Alphabet Inc., the parent company of Google, made it to Cubic Asset Management's top holdings in the last quarter of 2023 as well. Although there was a decrease in the number of shares from 94,736 to 92,068, the value of the holdings increased from $12,490,000 to $12,975,000. This suggests that Cubic Asset Management recognizes the long-term growth opportunities in Alphabet Inc.

Meta Platforms Inc. - Class A (META)

Cubic Asset Management maintained its holdings in Meta Platforms Inc. during the transition from Q3 to Q4 2023. The number of shares remained almost unchanged at 35,674, while the value of the holdings increased from $10,753,000 to $12,627,000. This indicates the firm's optimism regarding Meta Platforms' future prospects.

PNC Financial Services Group Inc. (PNC)

PNC Financial Services Group Inc. also experienced a minimal change in Cubic Asset Management's holdings. The number of shares decreased slightly from 78,897 to 78,722, but the value of the holdings surged from $9,686,000 to $12,190,000. This demonstrates Cubic Asset Management's unwavering confidence in PNC's growth trajectory.

Berkshire Hathaway Inc. - Class B (BRK-B)

In Q4 2023, Cubic Asset Management's holdings in Berkshire Hathaway Inc. witnessed a slight decline. The number of shares decreased from 26,721 to 25,911, and the value of the holdings dropped from $9,360,000 to $9,241,000. However, this decline may not overshadow the potential of Berkshire Hathaway, which is known for its solid long-term value.

Allstate Corporation (ALL)

Cubic Asset Management's holdings in Allstate Corporation experienced a marginal decrease from 60,710 shares in Q3 2023 to 58,830 shares in Q4 2023. However, the value of the holdings increased significantly from $6,763,000 to $8,235,000. This suggests that Cubic Asset Management recognizes the steady growth potential of Allstate Corporation in the insurance industry.

Aflac Incorporated (AFL)

Aflac Incorporated also remains in Cubic Asset Management's portfolio during the Q3 to Q4 2023 transition. While there was a decrease in the number of shares from 99,484 to 94,589, the value of the holdings saw a minor increase from $7,635,000 to $7,803,000. This slight change may be attributed to market dynamics and doesn't overshadow Aflac's overall investment appeal.

FedEx Corporation (FDX)

Cubic Asset Management's holdings in FedEx Corporation witnessed a slight decrease from 27,597 shares in Q3 2023 to 26,862 shares in Q4 2023. However, the value of the holdings decreased as well, from $7,310,000 to $6,795,000. This decline may be attributed to various factors, including market conditions and operational performance.

American Express Company (AXP)

Cubic Asset Management continued to hold shares in American Express Company, albeit with a slight decrease from 37,320 shares to 36,105 shares. However, the value of the holdings increased from $5,567,000 to $6,763,000. This demonstrates Cubic Asset Management's renewed confidence in the growth prospects of American Express Company.

Lowe's Companies Inc. (LOW)

Lowe's Companies Inc., a retail giant in the home improvement industry, remained a part of Cubic Asset Management's portfolio during the Q3 to Q4 2023 transition. The number of shares remained nearly unchanged at 29,721, while the value of the holdings increased from $6,182,000 to $6,614,000. This indicates that Cubic Asset Management is optimistic about the future success of Lowe's Companies Inc.

Goldman Sachs Group Inc. (GS)

Cubic Asset Management's holdings in Goldman Sachs Group Inc. experienced a moderate decrease from 19,749 shares to 17,079 shares. However, the value of the holdings remained relatively stable, with a slight increase from $6,390,000 to $6,588,000. This suggests that Cubic Asset Management continues to see potential in Goldman Sachs' financial services.

The aforementioned holdings represent only a fraction of the entire portfolio managed by Cubic Asset Management. The changes observed in the holdings reflect the firm's active approach to investment management, continually reassessing and reallocating resources based on market conditions and their research-driven insights.

Please note that this analysis of Cubic Asset Management's holdings is based on the publicly available data filed in their 13F report for Q3 and Q4 2023. The 13F reports require institutional investment managers to disclose their equity holdings to the U.S. Securities and Exchange Commission (SEC). It is important to consider that the data presented here might be subject to changes based on subsequent filings or individual investment strategies.

In conclusion, Cubic Asset Management's portfolio adjustments in Q3 2023 vs. Q4 2023 highlight their commitment to strategic investing and adapting to the ever-changing financial landscape. Throughout this period, the firm made calculated decisions to capitalize on growth opportunities while considering any market fluctuations. These holdings provide valuable insights into their investment strategies and serve as indicators of their confidence in various companies' potential for future success.