Cubic Asset Management, LLC reports 0.87% decrease in ownership of FDX / FedEx Corp.
April 24, 2018 - Cubic Asset Management, LLC has filed a 13F-HR form disclosing ownership of 30,625 shares of FedEx Corp. (NYSE:FDX) with total holdings valued at $7,353,000 USD as of March 31, 2018. Cubic Asset Management, LLC had filed a previous 13F-HR on January 24, 2018 disclosing 30,893 shares of FedEx Corp. at a value of $7,709,000 USD. This represents a change in shares of -0.87 percent and a change in value of -4.62 percent during the quarter.
Other investors with positions similar to Cubic Asset Management, LLC include Douglass Winthrop Advisors, LLC, Skandinaviska Enskilda Banken AB (publ), Afam Capital, Inc., DnB Asset Management AS, Edmond De Rothschild Holding S.a., and Bridgecreek Investment Management, LLC.
FedEx Corp. has declared a standard industrial code (sic) of 4513 which is the "Air Courier Services" industry. Cubic Asset Management, LLC's top industries are "Railroad Transportation" (sic 40), "General Merchandise Stores" (sic 53), and "Wholesale Trade-non-durable Goods" (sic 51).
The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.
In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.
Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.
as of ET