13F-HR 1 a13f033111txt.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, 2011 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 MAY 3, 2011 -------------------------- ------------------------ ---------------- [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: 154 Form 13F Information Table Value Total: $ 466123 ----------- (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, 2011 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 4701 50280 SH Sole 50280 ABBOTT LABS COM 002824100 1847 37650 SH Sole 37650 AECOM TECHNOLOGY CORP COM 00766T100 5004 180450 SH Sole 180450 AEROPOSTALE INC COM 007865108 3256 133890 SH Sole 133890 ALBEMARLE CORP COM 012653101 9813 164175 SH Sole 164175 ALCOA INC COM 013817101 4789 271175 SH Sole 271175 AMER EAGLE OUTFITTERS COM 02553E106 4276 269125 SH Sole 269125 ANALOG DEVICES COM 032654105 3102 78775 SH Sole 78775 APACHE CORP COM 037411105 1290 9855 SH Sole 9855 APOLLO GROUP INC-CL A COM 037604105 4175 100085 SH Sole 100085 APOLLO INVESTMENT CORP COM 03761U106 268 22238 SH Sole 22238 ARROW ELECTRONICS COM 042735100 12820 306110 SH Sole 306110 AT& T INC COM 00206R102 2511 82046 SH Sole 82046 AUTOLIV INC COM 052800109 9645 129940 SH Sole 129940 AVERY DENNISON CORP COM 053611109 1768 42125 SH Sole 42125 BAKER (MICHAEL) CORP COM 057149106 936 32200 SH Sole 32200 BANK NEW YORK MELLON COM COM 064058100 3345 111979 SH Sole 111979 BANK OF AMERICA CORP COM 060505104 1789 134204 SH Sole 134204 BENCHMARK ELECTRONICS COM 08160H101 5438 286675 SH Sole 286675 BERKSHIRE HATHAWAY - CL B COM 084670207 381 4550 SH Sole 4550 BEST BUY CO INC COM 086516101 2485 86515 SH Sole 86515 BILL BARRETT CORP COM 06846N104 1942 48670 SH Sole 48670 BIOFIELD CORP COM 090591108 1 84375 SH Sole 84375 BRINKER INTL INC COM 109641100 5327 210550 SH Sole 210550 BRISTOL-MYERS SQUIBB CO COM 110122108 1006 38051 SH Sole 38051 CAMBREX CORP COM 132011107 1019 185300 SH Sole 185300 CAMPBELL SOUP COM 134429109 5340 161290 SH Sole 161290 CARTERS INC COM 146229109 5323 185925 SH Sole 185925 CHESAPEAKE LODGING TRUST COM 165240102 4828 277300 SH Sole 277300 CHEVRON CORP COM 166764100 442 4110 SH Sole 4110 CITIGROUP INC COM 172967101 106 23897 SH Sole 23897 CLOROX COMPANY COM 189054109 5106 72870 SH Sole 72870 COCA-COLA CO COM 191216100 413 6225 SH Sole 6225 COMERICA INC COM 200340107 209 5700 SH Sole 5700 COMMERCIAL METALS CO COM COM 201723103 8243 477320 SH Sole 477320 CONOCOPHILLIPS COM 20825C104 1117 13984 SH Sole 13984 COOPER INDUSTRIES LTD-CL A COM 014883444 1538 23700 SH Sole 23700 COVENTRY HEALTH CARE INC COM 222862104 9003 282570 SH Sole 282570 DELUXE CORPORATION COM 248019101 5401 203500 SH Sole 203500 DENNY'S CORP COM 24869P104 3887 957500 SH Sole 957500 DEVON ENERGY CORP NEW COM 25179M103 493 5375 SH Sole 5375 DIEBOLD INC COM 253651103 1853 52250 SH Sole 52250 DOLLAR FINANCIAL CORP COM 256664103 4340 209150 SH Sole 209150 DOVER CORP COM 260003108 4032 61325 SH Sole 61325 DREAMWORKS ANIMATION SKG-A COM 26153C103 7979 285675 SH Sole 285675 DST SYSTEMS INC COM 233326107 5063 95850 SH Sole 95850 DUPONT (E.I.) DE NEMOURS COM 263534109 220 4000 SH Sole 4000 ELI LILLY & CO COM 532457108 209 5935 SH Sole 5935 ENERGIZER HOLDINGS COM 29266R108 4748 66725 SH Sole 66725 ENTEGRIS INC COM 29362U104 607 69100 SH Sole 69100 EQUIFAX INC COM 294429105 6410 164985 SH Sole 164985 EXXON MOBIL CORP COM 30231G102 429 5100 SH Sole 5100 FEDERATED INVESTORS INC-CL B COM 314211103 5541 207150 SH Sole 207150 FIRSTMERIT CORP COM 337915102 594 34775 SH Sole 34775 FISERV INC COM 337738108 6405 102120 SH Sole 102120 FNB CORP COM 302520101 4734 449125 SH Sole 449125 FOREST LABORATORIES INC COM 345838106 200 6200 SH Sole 6200 FOREST OIL CORP NEW COM 346091705 3700 97806 SH Sole 97806 FRONTIER COMMUNICATIONS CORP COM 35906A108 208 25304 SH Sole 25304 FTI CONSULTING INC COM 302941109 6492 169375 SH Sole 169375 GANNETT CO COM 364730101 1662 109100 SH Sole 109100 GENERAL CABLE CORP COM 369300108 3155 72875 SH Sole 72875 GENUINE PARTS CO COM 372460105 6023 112280 SH Sole 112280 GILEAD SCIENCES INC COM 375558103 1154 27180 SH Sole 27180 GRAFTECH INTERNATIONAL LTD COM 384313102 3940 191000 SH Sole 191000 GREENHILL & CO INC COM 395259104 6352 96550 SH Sole 96550 GRIFFON CORP COM 398433102 6115 465750 SH Sole 465750 HARRIS CORP COM 413875105 2290 46175 SH Sole 46175 HARVARD BIOSCIENCE INC COM 416906105 1654 291200 SH Sole 291200 HCC INS HOLDING INC COM 404132102 12147 387970 SH Sole 387970 HELMERICH & PAYNE COM 423452101 261 3800 SH Sole 3800 HUDSON CITY BANCORP INC COM 443683107 6288 649630 SH Sole 649630 ILLINOIS TOOL WORKS INC COM 452308109 1120 20857 SH Sole 20857 INFUSYSTEMS HOLDINGS INC. COM 45685K102 858 317750 SH Sole 317750 INTEL CORP COM 458140100 2868 142121 SH Sole 142121 INTL BUSINESS MACHINES CORP COM 459200101 3473 21297 SH Sole 21297 ITT CORP COM 450911102 294 4900 SH Sole 4900 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 4927 166975 SH Sole 166975 JOHNSON AND JOHNSON COM 478160104 3126 52766 SH Sole 52766 JPMORGAN CHASE & CO COM 46625H100 928 20121 SH Sole 20121 KANSAS CITY SOUTHERN COM 485170302 210 3855 SH Sole 3855 KIMBERLY CLARK COM 494368103 4052 62080 SH Sole 62080 KRAFT FOODS CL A COM 50075N104 974 31063 SH Sole 31063 LEUCADIA NATIONAL CORP COM 527288104 4925 131200 SH Sole 131200 LEXINGTON REALTY TRUST REIT COM 529043101 126 13447 SH Sole 13447 LOCKHEED MARTIN CORP COM 539830109 683 8489 SH Sole 8489 MAXIM INTEGRATED PRODUCTS COM 57772K101 663 25900 SH Sole 25900 MCDONALDS CORP COM 580135101 482 6330 SH Sole 6330 MERCK & CO, INC COM 589331107 201 6085 SH Sole 6085 MFA FINANCIAL INC COM 55272X102 3741 456225 SH Sole 456225 MICROSOFT CORP COM 594918104 3648 143673 SH Sole 143673 MINERALS TECHNOLOGIES INC COM 603158106 6461 94300 SH Sole 94300 MKS INSTRUMENTS INC COM 55306N104 5556 166850 SH Sole 166850 NET 1 UEPS TECHNOLOGIES INC COM 64107N206 1531 178000 SH Sole 178000 NEWMONT MINING CORP COM 651639106 221 4050 SH Sole 4050 NEWPORT CORP COM 651824104 1516 85000 SH Sole 85000 NICOR INC COM 654086107 725 13500 SH Sole 13500 NOVARTIS ADR COM 66987V109 3217 59190 SH Sole 59190 NYSE EURONEXT COM 629491101 6370 181125 SH Sole 181125 OMNICOM GROUP COM COM 681919106 5142 104820 SH Sole 104820 ORACLE CORP COM 68389X105 497 14865 SH Sole 14865 OSHKOSH CORP COM 688239201 5739 162200 SH Sole 162200 PATRIOT TRANSPORTATION HLDG COM 70337B102 1458 54500 SH Sole 54500 PETROHAWK ENERGY CORP COM 716495106 5748 234250 SH Sole 234250 PFIZER INC COM 717081103 2876 141597 SH Sole 141597 PITNEY BOWES INC COM 724479100 5139 200053 SH Sole 200053 PROASSURANCE CORP COM 74267c106 8713 137500 SH Sole 137500 PROCTOR & GAMBLE COM 742718109 534 8663 SH Sole 8663 PROSHARES ULTRASHORT LEHMAN COM 74347R297 300 8000 SH Sole 8000 PROSPERITY BANCSHARES COM 743606105 2596 60700 SH Sole 60700 RANGE RESOURCES CORP DEL COM 75281A109 7671 131210 SH Sole 131210 RAYTHEON CORP COM 755111507 3686 72460 SH Sole 72460 RENT-A-CENTER COM 76009N100 10621 304235 SH Sole 304235 RIMAGE CORP COM 766721104 2237 138500 SH Sole 138500 ROWAN COMPANIES INC COM 779382100 688 15575 SH Sole 15575 ROYAL DUTCH SHEL PLC SPONS COM 780259107 618 8444 SH Sole 8444 ROYCE VALUE TR INC COM 780910105 210 13642 SH Sole 13642 SILGAN HOLDINS INC COM 827048109 2125 55725 SH Sole 55725 SNAP-ON INC COM 833034101 2318 38600 SH Sole 38600 ST JUDE MEDICAL INC COM 790849103 2494 48650 SH Sole 48650 STANDARD & POOR'S DEP RECPTS ( COM 78462F103 717 5407 SH Sole 5407 SUNCOR ENERGY INC COM 867229106 435 9700 SH Sole 9700 SYMANTEC CORP COM 871503108 2843 153325 SH Sole 153325 TE CONNECTIVITY LTD COM H84989104 2706 77725 SH Sole 77725 TELEFONICA SA SPAIN ADR COM 879382208 3762 149160 SH Sole 149160 TERRITORIAL BANCORP INC COM 88145X108 1743 87475 SH Sole 87475 THE BRINKS CO COM 109696104 6462 195175 SH Sole 195175 THL CREDIT INC COM 872438106 1336 97775 SH Sole 97775 THOMPSON CREEK METALS CO COM 884768102 6316 503675 SH Sole 503675 THOR INDUSTRIES INC COM 885160101 6683 200270 SH Sole 200270 TIME WARNER INC COM 887317303 1794 50258 SH Sole 50258 TRAVELERS COS INC COM 89417E109 367 6165 SH Sole 6165 TREASURY INFLATION PROTECTED E COM 464287176 736 6744 SH Sole 6744 TTM TECHNOLOGIES COM 87305R109 2818 155175 SH Sole 155175 UNION BANKSHARES CORP COM 905399101 922 81950 SH Sole 81950 UNITED TECHNOLOGIES CORP COM 913017109 4392 51880 SH Sole 51880 US BANCORP DEL COM NEW COM 902973304 2550 96465 SH Sole 96465 VERIZON COMMUNICATIONS COM 92343V104 857 22232 SH Sole 22232 WAL-MART STORES INC COM 931142103 3073 59039 SH Sole 59039 WALGREEN CO COM 931422109 3986 99300 SH Sole 99300 WARNER CHILCOTT PLC-CLASS A COM G94368100 5964 256425 SH Sole 256425 WATERS CORP COM 941848103 5142 59170 SH Sole 59170 ZIMMER HOLDINGS INC COM 98956P102 2910 48079 SH Sole 48079 iSHARES LEHMAN AGG BOND FUND COM 464287226 414 3941 SH Sole 3941 iSHARES MSCI EAFE INDEX FUND COM 464287465 1003 16689 SH Sole 16689 iSHARES RUSSELL 2000 VALUE COM 464287630 215 2853 SH Sole 2853 iSHARES RUSSELL MIDCAP VALUE COM 464287473 248 5154 SH Sole 5154 JP MORGAN CHASE & CO 8.625% PR PFD 46625H621 367 13165 SH Sole 13165 EATON VANCE FLOATING RATE-I 277911491 92 10108.737SH Sole 10108.737 EATON VANCE MASS MUNIS-A 27826L561 88 10916.631SH Sole 10916.631 JPMORGAN SHORT DURATION BOND F 4812C1330 516 47139.342SH Sole 47139.342 T. ROWE PRICE GROWTH STOCK FUN 741479109 979 28935.760SH Sole 28935.760 VANGUARD PA TAX EXEMPT MMKT 92204L203 73 73129.550SH Sole 73129.550 VANGUARD S/T INVESTMENT GR 922031406 120 11238.649SH Sole 11238.649 REPORT SUMMARY 154 DATA RECORDS 466123 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED