13F-HR 1 usw2q06.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: June 30, 2006 Check here if Amendment: Not an amendment. Amendment Number: Not an amendment. This Amendment is a restatement(Check only one.): Not an amendment. Or This Amendment adds new holdings entries: Not an amendment. Institutional Investment Manager Filing this Report: Name: Qwest Asset Management Company Address: 1005 17th Street, Suite 250 Denver, CO 80202 Form 13F File Number: 028-03453 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: Paul Strong Title: Investment Manager Phone: 303-382-6038 Signature, Place, and Date of Signing: /s/ Paul Strong Englewood, CO July 27, 2006 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).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 198 Form 13F Information Table Value Total: $553,921(x1000) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(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.) NONE VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (X$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE D AMR CORP COM 001765106 1665 65500 SH SOLE 65500 0 0 D AT&T INC COM 00206R102 8891 318788 SH SOLE 318788 0 0 D ABBOTT LABS COM 002824100 2930 67187 SH SOLE 67187 0 0 D ADVANCED MICRO DEVICES INC COM 007903107 801 32800 SH SOLE 32800 0 0 D AETNA INC NEW COM 00817Y108 5163 129300 SH SOLE 129300 0 0 D AGERE SYS INC COM 00845V308 1643 111766 SH SOLE 111766 0 0 D AGILENT TECHNOLOGIES INC COM 00846U101 3090 97920 SH SOLE 97920 0 0 D AKAMAI TECHNOLOGIES INC COM 00971T101 735 20300 SH SOLE 20300 0 0 D ALCOA INC COM 013817101 333 10300 SH SOLE 10300 0 0 D ALLIED CAP CORP NEW COM 01903Q108 2195 76300 SH SOLE 76300 0 0 D ALLTEL CORP COM 020039103 3867 60584 SH SOLE 60584 0 0 D ALTRIA GROUP INC COM 02209S103 10877 148132 SH SOLE 148132 0 0 D AMERICAN FINL GROUP INC OHIO COM 025932104 944 22000 SH SOLE 22000 0 0 D AMERICAN GREETINGS CORP CL A 026375105 2143 102000 SH SOLE 102000 0 0 D AMERICAN INTL GROUP INC COM 026874107 9982 169041 SH SOLE 169041 0 0 D AMGEN INC COM 031162100 2995 45913 SH SOLE 45913 0 0 D AMSOUTH BANCORPORATION COM 032165102 2309 87312 SH SOLE 87312 0 0 D ANALOG DEVICES INC COM 032654105 282 8774 SH SOLE 8774 0 0 D AON CORP COM 037389103 599 17200 SH SOLE 17200 0 0 D APARTMENT INVT & MGMT CO CL A 03748R101 4302 99000 SH SOLE 99000 0 0 D APPLE COMPUTER INC COM 037833100 1067 18682 SH SOLE 18682 0 0 D APPLERA CORP COM AP BIO GRP 038020103 1298 40109 SH SOLE 40109 0 0 D APPLIED MICRO CIRCUITS CORP COM 03822W109 90 33095 SH SOLE 33095 0 0 D APPLIED MATLS INC COM 038222105 1484 91153 SH SOLE 91153 0 0 D ARAMARK CORP CL B 038521100 2076 62700 SH SOLE 62700 0 0 D ASHLAND INC NEW COM 044209104 2335 35000 SH SOLE 35000 0 0 D AUTOLIV INC COM 052800109 4429 78300 SH SOLE 78300 0 0 D AUTONATION INC COM 05329W102 1111 51800 SH SOLE 51800 0 0 D AUTOZONE INC COM 053332102 4278 48500 SH SOLE 48500 0 0 D AVAYA INC COM 053499109 1103 96581 SH SOLE 96581 0 0 D BAKER HUGHES INC COM 057224107 573 7000 SH SOLE 7000 0 0 D BANK OF AMERICA CORPORATION COM 060505104 7838 162959 SH SOLE 162959 0 0 D BANK HAWAII CORP COM 062540109 2001 40339 SH SOLE 40339 0 0 D BARNES & NOBLE INC COM 067774109 1475 40400 SH SOLE 40400 0 0 D BAUSCH & LOMB INC COM 071707103 1456 29700 SH SOLE 29700 0 0 D BAXTER INTL INC COM 071813109 1278 34761 SH SOLE 34761 0 0 D BELLSOUTH CORP COM 079860102 5827 160976 SH SOLE 160976 0 0 D BELO CORP COM SER A 080555105 658 42200 SH SOLE 42200 0 0 D BOEING CO COM 097023105 1564 19100 SH SOLE 19100 0 0 D BRISTOL MYERS SQUIBB CO COM 110122108 6518 252068 SH SOLE 252068 0 0 D CBS CORP NEW CL B 124857202 5156 190600 SH SOLE 190600 0 0 D CIGNA CORP COM 125509109 4788 48600 SH SOLE 48600 0 0 D CIT GROUP INC COM 125581108 4565 87300 SH SOLE 87300 0 0 D CSX CORP COM 126408103 4994 70900 SH SOLE 70900 0 0 D CV THERAPEUTICS INC COM 126667104 213 15216 SH SOLE 15216 0 0 D CENTURYTEL INC COM 156700106 3268 87961 SH SOLE 87961 0 0 D CHEVRON CORP NEW COM 166764100 4397 70843 SH SOLE 70843 0 0 D CIENA CORP COM 171779101 109 22677 SH SOLE 22677 0 0 D CISCO SYS INC COM 17275R102 3436 175933 SH SOLE 175933 0 0 D CITIGROUP INC COM 172967101 14995 310851 SH SOLE 310851 0 0 D CLEAR CHANNEL COMMUNICATIONS COM 184502102 4881 157700 SH SOLE 157700 0 0 D COMERICA INC COM 200340107 2865 55100 SH SOLE 55100 0 0 D COMMERCE BANCSHARES INC COM 200525103 2035 40669 SH SOLE 40669 0 0 D COMPUTER SCIENCES CORP COM 205363104 1604 33119 SH SOLE 33119 0 0 D CONAGRA FOODS INC COM 205887102 4612 208600 SH SOLE 208600 0 0 D CON-WAY INC COM 205944101 2132 36800 SH SOLE 36800 0 0 D CONOCOPHILLIPS COM 20825C104 4387 66953 SH SOLE 66953 0 0 D CONSECO INC COM NEW 208464883 520 22500 SH SOLE 22500 0 0 D CORNING INC COM 219350105 1947 80494 SH SOLE 80494 0 0 D DST SYS INC DEL COM 233326107 4326 72700 SH SOLE 72700 0 0 D DILLARDS INC CL A 254067101 1185 37200 SH SOLE 37200 0 0 D DIME BANCORP INC NEW *W EXP 99/99/9 25429Q110 11 50233 SH SOLE 50233 0 0 D DUKE ENERGY CORP NEW COM 26441C105 4376 149000 SH SOLE 149000 0 0 D E M C CORP MASS COM 268648102 1428 130162 SH SOLE 130162 0 0 D EOG RES INC COM 26875P101 2254 32500 SH SOLE 32500 0 0 D EARTHLINK INC COM 270321102 1371 158300 SH SOLE 158300 0 0 D EDISON INTL COM 281020107 1213 31100 SH SOLE 31100 0 0 D EL PASO CORP COM 28336L109 2171 144700 SH SOLE 144700 0 0 D ELECTRONIC DATA SYS NEW COM 285661104 1073 44600 SH SOLE 44600 0 0 D ENTERGY CORP NEW COM 29364G103 4379 61900 SH SOLE 61900 0 0 D ERIE INDTY CO CL A 29530P102 2506 48200 SH SOLE 48200 0 0 D EXXON MOBIL CORP COM 30231G102 18302 298320 SH SOLE 298320 0 0 D F M C CORP COM NEW 302491303 2465 38277 SH SOLE 38277 0 0 D FAIRCHILD SEMICONDUCTOR INTL COM 303726103 2319 127650 SH SOLE 127650 0 0 D FIFTH THIRD BANCORP COM 316773100 1670 45200 SH SOLE 45200 0 0 D FIRSTENERGY CORP COM 337932107 5101 94100 SH SOLE 94100 0 0 D FOREST LABS INC COM 345838106 317 8200 SH SOLE 8200 0 0 D FREESCALE SEMICONDUCTOR INC CL B 35687M206 382 13007 SH SOLE 13007 0 0 D GATX CORP COM 361448103 348 8192 SH SOLE 8192 0 0 D GANNETT INC COM 364730101 3501 62600 SH SOLE 62600 0 0 D GEN-PROBE INC NEW COM 36866T103 328 6068 SH SOLE 6068 0 0 D GENENTECH INC COM NEW 368710406 875 10700 SH SOLE 10700 0 0 D GENERAL ELECTRIC CO COM 369604103 11720 355568 SH SOLE 355568 0 0 D GENERAL MTRS CORP COM 370442105 447 15000 SH SOLE 15000 0 0 D GILEAD SCIENCES INC COM 375558103 1801 30448 SH SOLE 30448 0 0 D GOLDMAN SACHS GROUP INC COM 38141G104 2486 16524 SH SOLE 16524 0 0 D GOOGLE INC CL A 38259P508 1489 3550 SH SOLE 3550 0 0 D HCA INC COM 404119109 356 8243 SH SOLE 8243 0 0 D HEARST-ARGYLE TELEVISION INC COM 422317107 3027 137200 SH SOLE 137200 0 0 D HESS CORP COM 42809H107 238 4500 SH SOLE 4500 0 0 D HEWLETT PACKARD CO COM 428236103 3949 124653 SH SOLE 124653 0 0 D HILLENBRAND INDS INC COM 431573104 4123 85000 SH SOLE 85000 0 0 D HUMAN GENOME SCIENCES INC COM 444903108 190 17779 SH SOLE 17779 0 0 D IMS HEALTH INC COM 449934108 867 32300 SH SOLE 32300 0 0 D INGRAM MICRO INC CL A 457153104 1559 86000 SH SOLE 86000 0 0 D INTEL CORP COM 458140100 2967 156560 SH SOLE 156560 0 0 D INTERMUNE INC COM 45884X103 279 16958 SH SOLE 16958 0 0 D INTERNATIONAL BUSINESS MACHS COM 459200101 9476 123354 SH SOLE 123354 0 0 D INTERNATIONAL FLAVORS&FRAGRA COM 459506101 740 21000 SH SOLE 21000 0 0 D INTL PAPER CO COM 460146103 1751 54200 SH SOLE 54200 0 0 D ISHARES TR RUSSELL 1000 464287622 1771 25630 SH SOLE 25630 0 0 D JP MORGAN CHASE & CO COM 46625H100 4555 108450 SH SOLE 108450 0 0 D JOHNSON & JOHNSON COM 478160104 5996 100061 SH SOLE 100061 0 0 D JONES APPAREL GROUP INC COM 480074103 3224 101400 SH SOLE 101400 0 0 D KEYCORP NEW COM 493267108 4740 132861 SH SOLE 132861 0 0 D KEYSPAN CORP COM 49337W100 679 16800 SH SOLE 16800 0 0 D KRAFT FOODS INC CL A 50075N104 4261 137900 SH SOLE 137900 0 0 D KROGER CO COM 501044101 5209 238300 SH SOLE 238300 0 0 D LSI LOGIC CORP COM 502161102 145 16221 SH SOLE 16221 0 0 D LAIDLAW INTL INC COM 50730R102 2012 79850 SH SOLE 79850 0 0 D LEGGETT & PLATT INC COM 524660107 425 17000 SH SOLE 17000 0 0 D LENNOX INTL INC COM 526107107 553 20900 SH SOLE 20900 0 0 D LEVEL 3 COMMUNICATIONS INC COM 52729N100 48 10700 SH SOLE 10700 0 0 D LILLY ELI & CO COM 532457108 807 14606 SH SOLE 14606 0 0 D LIMITED BRANDS INC COM 532716107 4155 162354 SH SOLE 162354 0 0 D LINCOLN NATL CORP IND COM 534187109 4504 79796 SH SOLE 79796 0 0 D LOEWS CORP COM 540424108 4964 140034 SH SOLE 140034 0 0 D LOEWS CORP CAROLNA GP STK 540424207 961 18700 SH SOLE 18700 0 0 D LOUISIANA PAC CORP COM 546347105 2799 127800 SH SOLE 127800 0 0 D LUCENT TECHNOLOGIES INC COM 549463107 259 107011 SH SOLE 107011 0 0 D MEMC ELECTR MATLS INC COM 552715104 502 13385 SH SOLE 13385 0 0 D MGIC INVT CORP WIS COM 552848103 936 14400 SH SOLE 14400 0 0 D MARATHON OIL CORP COM 565849106 525 6300 SH SOLE 6300 0 0 D MATTEL INC COM 577081102 330 20000 SH SOLE 20000 0 0 D MAXIM INTEGRATED PRODS INC COM 57772K101 967 30100 SH SOLE 30100 0 0 D MCCLATCHY CO CL A 579489105 1279 31877 SH SOLE 31877 0 0 D MERCK & CO INC COM 589331107 8025 220289 SH SOLE 220289 0 0 D MICROSOFT CORP COM 594918104 10341 443822 SH SOLE 443822 0 0 D MOTOROLA INC COM 620076109 3219 159750 SH SOLE 159750 0 0 D NCR CORP NEW COM 62886E108 2167 59142 SH SOLE 59142 0 0 D NPS PHARMACEUTICALS INC COM 62936P103 69 14200 SH SOLE 14200 0 0 D NTL INC DEL COM 62941W101 1178 47300 SH SOLE 47300 0 0 D NATIONAL CITY CORP COM 635405103 800 22100 SH SOLE 22100 0 0 D NATIONWIDE FINL SVCS INC CL A 638612101 1216 27595 SH SOLE 27595 0 0 D NEW PLAN EXCEL RLTY TR INC COM 648053106 741 30000 SH SOLE 30000 0 0 D NIKE INC CL B 654106103 1863 23000 SH SOLE 23000 0 0 D OHIO CAS CORP COM 677240103 1514 50918 SH SOLE 50918 0 0 D ONYX PHARMACEUTICALS INC COM 683399109 281 16687 SH SOLE 16687 0 0 D ORACLE CORP COM 68389X105 677 46692 SH SOLE 46692 0 0 D PG&E CORP COM 69331C108 4698 119600 SH SOLE 119600 0 0 D PMI GROUP INC COM 69344M101 4235 95000 SH SOLE 95000 0 0 D PPG INDS INC COM 693506107 4765 72200 SH SOLE 72200 0 0 D PPL CORP COM 69351T106 753 23300 SH SOLE 23300 0 0 D PACTIV CORP COM 695257105 2069 83600 SH SOLE 83600 0 0 D PAYLESS SHOESOURCE INC COM 704379106 1959 72100 SH SOLE 72100 0 0 D PENNEY J C INC COM 708160106 4962 73501 SH SOLE 73501 0 0 D PEPSICO INC COM 713448108 204 3400 SH SOLE 3400 0 0 D PFIZER INC COM 717081103 8292 353322 SH SOLE 353322 0 0 D POLARIS INDS INC COM 731068102 1020 23548 SH SOLE 23548 0 0 D PRICELINE COM INC COM NEW 741503403 275 9214 SH SOLE 9214 0 0 D PRINCIPAL FINANCIAL GROUP IN COM 74251V102 4947 88900 SH SOLE 88900 0 0 D PROCTER & GAMBLE CO COM 742718109 3394 61050 SH SOLE 61050 0 0 D PROGRESS ENERGY INC COM 743263105 4673 109000 SH SOLE 109000 0 0 D PROTECTIVE LIFE CORP COM 743674103 270 5800 SH SOLE 5800 0 0 D PRUDENTIAL FINL INC COM 744320102 5874 75600 SH SOLE 75600 0 0 D QUALCOMM INC COM 747525103 2228 55613 SH SOLE 55613 0 0 D RADIAN GROUP INC COM 750236101 4448 72000 SH SOLE 72000 0 0 D RAYONIER INC COM 754907103 4212 111100 SH SOLE 111100 0 0 D REYNOLDS & REYNOLDS CO CL A 761695105 4631 151000 SH SOLE 151000 0 0 D RYDER SYS INC COM 783549108 1139 19500 SH SOLE 19500 0 0 D SEALED AIR CORP NEW COM 81211K100 4380 84100 SH SOLE 84100 0 0 D SERVICE CORP INTL COM 817565104 1159 142400 SH SOLE 142400 0 0 D SERVICEMASTER CO COM 81760N109 1245 120500 SH SOLE 120500 0 0 D SOLECTRON CORP COM 834182107 47 13785 SH SOLE 13785 0 0 D STEELCASE INC CL A 858155203 1548 94100 SH SOLE 94100 0 0 D SUN MICROSYSTEMS INC COM 866810104 320 76994 SH SOLE 76994 0 0 D SUPERVALU INC COM 868536103 1430 46594 SH SOLE 46594 0 0 D SYBASE INC COM 871130100 4034 207914 SH SOLE 207914 0 0 D TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 472 44300 SH SOLE 44300 0 0 D TELEFLEX INC COM 879369106 3776 69900 SH SOLE 69900 0 0 D TEMPLE INLAND INC COM 879868107 4420 103100 SH SOLE 103100 0 0 D TESORO CORP COM 881609101 268 3600 SH SOLE 3600 0 0 D TEXAS INSTRS INC COM 882508104 2908 95989 SH SOLE 95989 0 0 D TIDEWATER INC COM 886423102 4157 84500 SH SOLE 84500 0 0 D TIMBERLAND CO CL A 887100105 1469 56300 SH SOLE 56300 0 0 D TIME WARNER INC COM 887317105 7306 422306 SH SOLE 422306 0 0 D TRIBUNE CO NEW COM 896047107 3379 104200 SH SOLE 104200 0 0 D TRIMERIS INC COM 896263100 152 13200 SH SOLE 13200 0 0 D UST INC COM 902911106 465 10300 SH SOLE 10300 0 0 D US BANCORP DEL COM NEW 902973304 6578 213008 SH SOLE 213008 0 0 D UNION PAC CORP COM 907818108 5234 56300 SH SOLE 56300 0 0 D UNIONBANCAL CORP COM 908906100 4153 64300 SH SOLE 64300 0 0 D UNUMPROVIDENT CORP COM 91529Y106 734 40500 SH SOLE 40500 0 0 D V F CORP COM 918204108 4707 69300 SH SOLE 69300 0 0 D VALERO ENERGY CORP NEW COM 91913Y100 2800 42090 SH SOLE 42090 0 0 D WAL MART STORES INC COM 931142103 1040 21596 SH SOLE 21596 0 0 D WASHINGTON MUT INC COM 939322103 6129 134462 SH SOLE 134462 0 0 D WASTE MGMT INC DEL COM 94106L109 4977 138700 SH SOLE 138700 0 0 D WATSON PHARMACEUTICALS INC COM 942683103 3352 144000 SH SOLE 144000 0 0 D WELLS FARGO & CO NEW COM 949746101 780 11635 SH SOLE 11635 0 0 D WESTERN DIGITAL CORP COM 958102105 218 11000 SH SOLE 11000 0 0 D WESTERN GAS RES INC COM 958259103 1125 18800 SH SOLE 18800 0 0 D WEYERHAEUSER CO COM 962166104 4737 76100 SH SOLE 76100 0 0 D WHIRLPOOL CORP COM 963320106 4147 50180 SH SOLE 50180 0 0 D WYETH COM 983024100 2259 50856 SH SOLE 50856 0 0 D XTO ENERGY INC COM 98385X106 567 12800 SH SOLE 12800 0 0 D XILINX INC COM 983919101 455 20100 SH SOLE 20100 0 0 D XEROX CORP COM 984121103 4774 343196 SH SOLE 343196 0 0 S REPORT SUMMARY 198 DATA RECORDS 553921 00 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED