13F-HR 1 a13f033110.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: MARCH 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Cubic Asset Management, LLC Address: 131 Dartmouth Street, 5th Floor Boston, MA. 02116 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Stuart Schwartz Title: Director of Operations Phone: 617-456-1382 Signature, Place, and Date of Signing: /s/ Stuart Schwartz Boston, Massachussetts April 16, 2010 -------------------------- ------------------------ ---------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-______________ _______________________________ [Repeat as necessary. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 141 Form 13F Information Table Value Total: $ 342526 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name ______ 28-______________________ ______________________________ [Repeat as necessary.] Cubic Asset Management LLC Cubic Asset Management LLC FORM 13F March 31, 2010 Voting Authority -------------------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COMPANY COM 88579Y101 4311 51580 SH Sole 51580 ABBOTT LABS COM 002824100 1864 35390 SH Sole 35390 AECOM TECHNOLOGY CORP COM 00766T100 4830 170250 SH Sole 170250 ALBEMARLE CORP COM 012653101 7567 177500 SH Sole 177500 ALCOA INC COM 013817101 3826 268650 SH Sole 268650 AMERICAN PHYSICIANS SVC GP COM 028882108 1089 43550 SH Sole 43550 AMETEK INC COM 031100100 3822 92180 SH Sole 92180 ANALOG DEVICES COM 032654105 1915 66450 SH Sole 66450 APACHE CORP COM 037411105 985 9700 SH Sole 9700 ARROW ELECTRONICS COM 042735100 9489 314947 SH Sole 314947 AT& T INC COM 00206R102 1969 76193 SH Sole 76193 AVERY DENNISON CORP COM 053611109 1090 29950 SH Sole 29950 BAKER (MICHAEL) CORP COM 057149106 1102 31950 SH Sole 31950 BANK OF AMERICA CORP COM 060505104 1982 111027 SH Sole 111027 BELDEN INC COM 077454106 4372 159225 SH Sole 159225 BENCHMARK ELECTRONICS COM 08160H101 5483 264375 SH Sole 264375 BERKSHIRE HATHAWAY - CL B COM 084670207 370 4550 SH Sole 4550 BILL BARRETT CORP COM 06846N104 656 21350 SH Sole 21350 BIOFIELD CORP COM 090591108 2 84375 SH Sole 84375 BRINKER INTL INC COM 109641100 3039 157600 SH Sole 157600 BRISTOL-MYERS SQUIBB CO COM 110122108 1027 38451 SH Sole 38451 BURGER KING HOLDINGS INC COM 121208201 1425 67025 SH Sole 67025 CACI INTERNATIONAL INC CL A COM 127190304 635 13000 SH Sole 13000 CAMBREX CORP COM 132011107 773 190800 SH Sole 190800 CARDINAL HEALTH COM 14149Y108 3833 106375 SH Sole 106375 CHINA SONANGOL RESOURCES ENT COM G05048106 32 175000 SH Sole 175000 CITIGROUP INC COM 172967101 59 14678 SH Sole 14678 COCA-COLA CO COM 191216100 286 5200 SH Sole 5200 COMERICA INC COM 200340107 217 5700 SH Sole 5700 COMMERCIAL METALS CO COM COM 201723103 4961 329420 SH Sole 329420 COMPLETE PRODTN SERVICESINC COM 20453E109 1517 131325 SH Sole 131325 COOPER INDUSTRIES LTD-CL A COM 014883444 1136 23700 SH Sole 23700 COVENTRY HEALTH CARE INC COM 222862104 6944 280895 SH Sole 280895 CYTEC INDUSTRIES INC COM 232820100 2954 63200 SH Sole 63200 DEAN FOODS CO COM 242370104 4034 257085 SH Sole 257085 DELUXE CORPORATION COM 248019101 3509 180700 SH Sole 180700 DEVON ENERGY CORP NEW COM 25179M103 330 5125 SH Sole 5125 DIEBOLD INC COM 253651103 1414 44525 SH Sole 44525 DOVER CORP COM 260003108 2969 63500 SH Sole 63500 DR PEPPER SNAPPLE GROUP COM 26138E109 3754 106725 SH Sole 106725 DYNAMIC MATRIALS COM 267888105 2112 135200 SH Sole 135200 EATON CORP COM 278058102 2679 35358 SH Sole 35358 EDUCATION REALTY TR INC COM 28140H104 278 48500 SH Sole 48500 EMERSON ELEC CO COM 291011104 1731 34390 SH Sole 34390 EMS TECHNOLOGIES COM 26873N108 3647 219700 SH Sole 219700 EQUIFAX INC COM 294429105 5989 167285 SH Sole 167285 ESTERLINE TECHNOLOGIES CORP COM 297425100 6043 122260 SH Sole 122260 EXXON MOBIL CORP COM 30231G102 348 5200 SH Sole 5200 FNB CORP COM 302520101 3645 449400 SH Sole 449400 FOREST OIL CORP NEW COM 346091705 2518 97506 SH Sole 97506 FORTUNE BRANDS INC COM 349631101 2580 53185 SH Sole 53185 FRONTIER COMMUNICATIONS CORP COM 35906A108 81 10900 SH Sole 10900 GENERAL CABLE CORP COM 369300108 1965 72775 SH Sole 72775 GENERAL ELECTRIC COM 369604103 3237 177871 SH Sole 177871 GENUINE PARTS CO COM 372460105 4872 115330 SH Sole 115330 GRAFTECH INTERNATIONAL LTD COM 384313102 2739 200375 SH Sole 200375 HCC INS HOLDING INC COM 404132102 8821 319590 SH Sole 319590 HELMERICH & PAYNE COM 423452101 282 7400 SH Sole 7400 HUDSON CITY BANCORP INC COM 443683107 5823 410945 SH Sole 410945 ILLINOIS TOOL WORKS INC COM 452308109 1011 21357 SH Sole 21357 INSTEEL INDUSTRIES INC COM COM 45774W108 127 11900 SH Sole 11900 INTEL CORP COM 458140100 3048 136721 SH Sole 136721 INTERLINE BRANDS INC COM 458743101 445 23249 SH Sole 23249 INTL BUSINESS MACHINES CORP COM 459200101 249 1942 SH Sole 1942 INVACARE CORP COM 461203101 1356 51075 SH Sole 51075 ITT CORP COM 450911102 255 4750 SH Sole 4750 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 504 21600 SH Sole 21600 JACK HENRY & ASSOC INC COM 426281101 1827 75950 SH Sole 75950 JOHNSON AND JOHNSON COM 478160104 3172 48646 SH Sole 48646 JPMORGAN CHASE & CO COM 46625H100 871 19459 SH Sole 19459 KIMBERLY CLARK COM 494368103 3776 60055 SH Sole 60055 KIRBY CORP COM 497266106 5028 131800 SH Sole 131800 KRAFT FOODS CL A COM 50075N104 824 27253 SH Sole 27253 LEGGETT & PLATT INC COM 524660107 3713 171575 SH Sole 171575 LEUCADIA NATIONAL CORP COM 527288104 2536 102200 SH Sole 102200 LEXINGTON REALTY TRUST REIT COM 529043101 104 15957 SH Sole 15957 MARINER ENERGY INC COM 56845T305 2344 156550 SH Sole 156550 MCCORMICK & CO COM 579780206 536 13980 SH Sole 13980 MCDONALDS CORP COM 580135101 412 6180 SH Sole 6180 MFA FINANCIAL INC COM 55272X102 4346 590550 SH Sole 590550 MICROSOFT CORP COM 594918104 3983 135998 SH Sole 135998 NEWFIELD EXPL CO COM COM 651290108 5341 102615 SH Sole 102615 NICOR INC COM 654086107 574 13700 SH Sole 13700 NIKE INC CL B COM 654106103 1163 15820 SH Sole 15820 NOVARTIS ADR COM 66987V109 3137 57990 SH Sole 57990 NYSE EURONEXT COM 629491101 4521 152700 SH Sole 152700 OMNICOM GROUP COM COM 681919106 4053 104440 SH Sole 104440 ORACLE CORP COM 68389X105 454 17640 SH Sole 17640 P P G INDUSTRIES INC COM 693506107 2556 39080 SH Sole 39080 PACTIV CORPORATION COM 695257105 6211 246675 SH Sole 246675 PATTERSON COS INC COM 703395103 3357 108100 SH Sole 108100 PFIZER INC COM 717081103 2211 128932 SH Sole 128932 PHARMACEUTICAL PRODUCT DEVELOP COM 717124101 3236 136300 SH Sole 136300 PITNEY BOWES INC COM 724479100 5122 209503 SH Sole 209503 PRESTIGE BRANDS HOLDINGS INC COM 74112D101 1507 167400 SH Sole 167400 PROCTOR & GAMBLE COM 742718109 537 8481 SH Sole 8481 PROSHARES ULTRASHORT LEHMAN COM 74347R297 243 5000 SH Sole 5000 PROSPERITY BANCSHARES COM 743606105 2488 60700 SH Sole 60700 RANGE RESOURCES CORP DEL COM 75281A109 2502 53385 SH Sole 53385 REGAL BELOIT CORP COM 758750103 214 3600 SH Sole 3600 RENAISSANCERE HLDGS LTD COM G7496G103 4740 83510 SH Sole 83510 RENT-A-CENTER COM 76009N100 510 21550 SH Sole 21550 ROCK-TENN COMPANY CL A COM 772739207 2108 46250 SH Sole 46250 ROWAN COMPANIES INC COM 779382100 434 14900 SH Sole 14900 ROYAL DUTCH SHEL PLC SPONS COM 780259107 476 8594 SH Sole 8594 ROYCE VALUE TR INC COM 780910105 191 16109 SH Sole 16109 SILGAN HOLDINS INC COM 827048109 1480 24575 SH Sole 24575 SNAP-ON INC COM 833034101 1615 37275 SH Sole 37275 SPARTAN MOTORS INC COM 846819100 1075 192050 SH Sole 192050 ST JUDE MEDICAL INC COM 790849103 1195 29100 SH Sole 29100 STANDARD & POOR'S DEP RECPTS ( COM 78462F103 496 4238 SH Sole 4238 STANLEY BLACK & DECKER INC COM 854502101 7772 135375 SH Sole 135375 STEEL DYNAMICS INC COM 858119100 760 43525 SH Sole 43525 SUNCOR ENERGY INC COM 867229106 316 9700 SH Sole 9700 SUPERIOR ENERGY SVCS INC COM 868157108 5985 284750 SH Sole 284750 TELEFONICA SA SPAIN ADR COM 879382208 3458 48640 SH Sole 48640 THE BRINKS CO COM 109696104 5352 189575 SH Sole 189575 THE BUCKLE INC COM 118440106 4087 111175 SH Sole 111175 THOMPSON CREEK METALS CO COM 884768102 4598 339850 SH Sole 339850 TIME WARNER CABLE COM 88732J207 454 8508 SH Sole 8508 TIME WARNER INC COM 887317303 1601 51189 SH Sole 51189 TRAVELERS COS INC COM 89417E109 334 6187 SH Sole 6187 TREASURY INFLATION PROTECTED E COM 464287176 614 5905 SH Sole 5905 TRINITY INDUS INC COM 896522109 2884 144500 SH Sole 144500 TTM TECHNOLOGIES COM 87305R109 1507 169675 SH Sole 169675 UNION BANKSHARES CORP COM 905399101 1378 91250 SH Sole 91250 UNITED TECHNOLOGIES CORP COM 913017109 3730 50675 SH Sole 50675 VERIZON COMMUNICATIONS COM 92343V104 662 21357 SH Sole 21357 WAL-MART STORES INC COM 931142103 3007 54074 SH Sole 54074 WATERS CORP COM 941848103 4432 65620 SH Sole 65620 WATSON PHARMACEUTICALS INC COM 942683103 5156 123430 SH Sole 123430 WESCO FINANCIAL GROUP COM 950817106 2409 6250 SH Sole 6250 WESTERN DIGITAL CORP COM 958102105 2112 54175 SH Sole 54175 WHITNEY HOLDING CORP COM 966612103 3111 225606 SH Sole 225606 WILLIS GROUP HOLDINGS COM G96666105 8145 260300 SH Sole 260300 ZIMMER HOLDINGS INC COM 98956P102 1657 27984 SH Sole 27984 iSHARES LEHMAN AGG BOND FUND COM 464287226 409 3928 SH Sole 3928 iSHARES MSCI EAFE INDEX FUND COM 464287465 850 15190 SH Sole 15190 JP MORGAN CHASE & CO 8.625% PR PFD 46625H621 365 13165 SH Sole 13165 EATON VANCE MASS MUNIS-A 27826L561 137 16071.645SH Sole 16071.645 VANGUARD PA TAX EXEMPT MMKT 92204L203 73 73037.910SH Sole 73037.910 REPORT SUMMARY 141 DATA RECORDS 342526 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED