13F-HR 1 usw3q06.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: September 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 November 1, 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: 201 Form 13F Information Table Value Total: $591,560(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 1918 82900 SH SOLE 82900 0 0 D AT&T INC COM 00206R102 10002 307188 SH SOLE 307188 0 0 D ABBOTT LABS COM 002824100 3263 67187 SH SOLE 67187 0 0 D ADVANCED MICRO DEVICES INC COM 007903107 815 32800 SH SOLE 32800 0 0 D AETNA INC NEW COM 00817Y108 5517 139500 SH SOLE 139500 0 0 D AGERE SYS INC COM 00845V308 1669 111766 SH SOLE 111766 0 0 D AGILENT TECHNOLOGIES INC COM 00846U101 2145 65620 SH SOLE 65620 0 0 D ALLIED CAP CORP NEW COM 01903Q108 2305 76300 SH SOLE 76300 0 0 D ALLSTATE CORP COM 020002101 4241 67600 SH SOLE 67600 0 0 D ALTRIA GROUP INC COM 02209S103 6203 81032 SH SOLE 81032 0 0 D AMERICAN FINL GROUP INC OHIO COM 025932104 1032 22000 SH SOLE 22000 0 0 D AMERICAN INTL GROUP INC COM 026874107 1904 28741 SH SOLE 28741 0 0 D AMERUS GROUP CO COM 03072M108 1401 20600 SH SOLE 20600 0 0 D AMGEN INC COM 031162100 4286 59913 SH SOLE 59913 0 0 D AMSOUTH BANCORPORATION COM 032165102 3296 113512 SH SOLE 113512 0 0 D ANALOG DEVICES INC COM 032654105 258 8774 SH SOLE 8774 0 0 D AON CORP COM 037389103 1944 57400 SH SOLE 57400 0 0 D APPLE COMPUTER INC COM 037833100 1439 18682 SH SOLE 18682 0 0 D APPLERA CORP COM AP BIO GRP 038020103 1328 40109 SH SOLE 40109 0 0 D APPLIED MICRO CIRCUITS CORP COM 03822W109 96 33095 SH SOLE 33095 0 0 D APPLIED MATLS INC COM 038222105 1616 91153 SH SOLE 91153 0 0 D ARAMARK CORP CL B 038521100 1610 49000 SH SOLE 49000 0 0 D ARROW ELECTRS INC COM 042735100 3133 114200 SH SOLE 114200 0 0 D ASHLAND INC NEW COM 044209104 2232 35000 SH SOLE 35000 0 0 D AUTOLIV INC COM 052800109 4315 78300 SH SOLE 78300 0 0 D AUTONATION INC COM 05329W102 1083 51800 SH SOLE 51800 0 0 D AUTOZONE INC COM 053332102 5320 51500 SH SOLE 51500 0 0 D AVAYA INC COM 053499109 1105 96581 SH SOLE 96581 0 0 D BAKER HUGHES INC COM 057224107 675 9900 SH SOLE 9900 0 0 D BANK OF AMERICA CORPORATION COM 060505104 8730 162959 SH SOLE 162959 0 0 D BANK HAWAII CORP COM 062540109 2935 60939 SH SOLE 60939 0 0 D BAUSCH & LOMB INC COM 071707103 2782 55500 SH SOLE 55500 0 0 D BAXTER INTL INC COM 071813109 1580 34761 SH SOLE 34761 0 0 D BRISTOL MYERS SQUIBB CO COM 110122108 7076 283968 SH SOLE 283968 0 0 D CBS CORP NEW CL B 124857202 5073 180100 SH SOLE 180100 0 0 D CIGNA CORP COM 125509109 5141 44200 SH SOLE 44200 0 0 D CIT GROUP INC COM 125581108 4245 87300 SH SOLE 87300 0 0 D CSX CORP COM 126408103 4655 141800 SH SOLE 141800 0 0 D CV THERAPEUTICS INC COM 126667104 170 15216 SH SOLE 15216 0 0 D CABLEVISION SYS CORP CL A NY CABLVS 12686C109 1104 48600 SH SOLE 48600 0 0 D CAPITAL ONE FINL CORP COM 14040H105 4373 55600 SH SOLE 55600 0 0 D CBOT HLDGS INC CL A 14984K106 761 6300 SH SOLE 6300 0 0 D CENTURYTEL INC COM 156700106 3489 87961 SH SOLE 87961 0 0 D CHEVRON CORP NEW COM 166764100 4595 70843 SH SOLE 70843 0 0 D CHUBB CORP COM 171232101 2567 49400 SH SOLE 49400 0 0 D CISCO SYS INC COM 17275R102 4046 175933 SH SOLE 175933 0 0 D CITIGROUP INC COM 172967101 10518 211751 SH SOLE 211751 0 0 D CLEAR CHANNEL COMMUNICATIONS COM 184502102 4982 172700 SH SOLE 172700 0 0 D COCA COLA ENTERPRISES INC COM 191219104 2502 120100 SH SOLE 120100 0 0 D COMERICA INC COM 200340107 3279 57600 SH SOLE 57600 0 0 D COMMERCE BANCSHARES INC COM 200525103 3073 60769 SH SOLE 60769 0 0 D COMPUTER SCIENCES CORP COM 205363104 1907 38819 SH SOLE 38819 0 0 D COMPUWARE CORP COM 205638109 640 82200 SH SOLE 82200 0 0 D CONAGRA FOODS INC COM 205887102 2636 107700 SH SOLE 107700 0 0 D CONOCOPHILLIPS COM 20825C104 3986 66953 SH SOLE 66953 0 0 D CONSECO INC COM NEW 208464883 472 22500 SH SOLE 22500 0 0 D CORNING INC COM 219350105 1965 80494 SH SOLE 80494 0 0 D DST SYS INC DEL COM 233326107 4483 72700 SH SOLE 72700 0 0 D DIME BANCORP INC NEW *W EXP 99/99/9 25429Q110 6 50233 SH SOLE 50233 0 0 D DUKE ENERGY CORP NEW COM 26441C105 4500 149000 SH SOLE 149000 0 0 D E M C CORP MASS COM 268648102 1559 130162 SH SOLE 130162 0 0 D EOG RES INC COM 26875P101 2114 32500 SH SOLE 32500 0 0 D EARTHLINK INC COM 270321102 1151 158300 SH SOLE 158300 0 0 D EDISON INTL COM 281020107 1295 31100 SH SOLE 31100 0 0 D EL PASO CORP COM 28336L109 1974 144700 SH SOLE 144700 0 0 D ELECTRONIC DATA SYS NEW COM 285661104 1493 60900 SH SOLE 60900 0 0 D ENTERGY CORP NEW COM 29364G103 3035 38800 SH SOLE 38800 0 0 D ERIE INDTY CO CL A 29530P102 3409 65100 SH SOLE 65100 0 0 D EXXON MOBIL CORP COM 30231G102 20111 299720 SH SOLE 299720 0 0 D F M C CORP COM NEW 302491303 2452 38277 SH SOLE 38277 0 0 D FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1106 59150 SH SOLE 59150 0 0 D FIRST INDUSTRIAL REALTY TRUS COM 32054K103 3652 83000 SH SOLE 83000 0 0 D FIRSTENERGY CORP COM 337932107 5050 90400 SH SOLE 90400 0 0 D FOOT LOCKER INC COM 344849104 864 34200 SH SOLE 34200 0 0 D FOREST LABS INC COM 345838106 415 8200 SH SOLE 8200 0 0 D FREESCALE SEMICONDUCTOR INC CL B 35687M206 494 13007 SH SOLE 13007 0 0 D GANNETT INC COM 364730101 3552 62500 SH SOLE 62500 0 0 D GENENTECH INC COM NEW 368710406 885 10700 SH SOLE 10700 0 0 D GENERAL ELECTRIC CO COM 369604103 12552 355568 SH SOLE 355568 0 0 D GENERAL MTRS CORP COM 370442105 499 15000 SH SOLE 15000 0 0 D GENUINE PARTS CO COM 372460105 2118 49100 SH SOLE 49100 0 0 D GILEAD SCIENCES INC COM 375558103 3404 49548 SH SOLE 49548 0 0 D GOLDMAN SACHS GROUP INC COM 38141G104 2965 17524 SH SOLE 17524 0 0 D GOODRICH CORP COM 382388106 438 10800 SH SOLE 10800 0 0 D GOOGLE INC CL A 38259P508 7013 17450 SH SOLE 17450 0 0 D GRAINGER W W INC COM 384802104 3726 55600 SH SOLE 55600 0 0 D HANSEN NAT CORP COM 411310105 377 11600 SH SOLE 11600 0 0 D HEALTH NET INC COM 42222G108 3229 74200 SH SOLE 74200 0 0 D HEARST-ARGYLE TELEVISION INC COM 422317107 4498 196000 SH SOLE 196000 0 0 D HEWLETT PACKARD CO COM 428236103 4574 124653 SH SOLE 124653 0 0 D HOLLY CORP COM PAR $0.01 435758305 299 6900 SH SOLE 6900 0 0 D HUMAN GENOME SCIENCES INC COM 444903108 205 17779 SH SOLE 17779 0 0 D INGRAM MICRO INC CL A 457153104 1703 88900 SH SOLE 88900 0 0 D INTEL CORP COM 458140100 3220 156560 SH SOLE 156560 0 0 D INTERMUNE INC COM 45884X103 278 16958 SH SOLE 16958 0 0 D INTERNATIONAL BUSINESS MACHS COM 459200101 9968 121654 SH SOLE 121654 0 0 D INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1495 37800 SH SOLE 37800 0 0 D ISHARES TR RUSSELL 1000 464287622 1850 25630 SH SOLE 25630 0 0 D JP MORGAN CHASE & CO COM 46625H100 5093 108450 SH SOLE 108450 0 0 D JOHNSON & JOHNSON COM 478160104 7966 122661 SH SOLE 122661 0 0 D JONES APPAREL GROUP INC COM 480074103 4727 145700 SH SOLE 145700 0 0 D KENNAMETAL INC COM 489170100 2334 41200 SH SOLE 41200 0 0 D KEYCORP NEW COM 493267108 5030 134361 SH SOLE 134361 0 0 D KEYSPAN CORP COM 49337W100 691 16800 SH SOLE 16800 0 0 D KRAFT FOODS INC CL A 50075N104 4982 139700 SH SOLE 139700 0 0 D LSI LOGIC CORP COM 502161102 133 16221 SH SOLE 16221 0 0 D LAUDER ESTEE COS INC CL A 518439104 5166 128100 SH SOLE 128100 0 0 D LEGGETT & PLATT INC COM 524660107 426 17000 SH SOLE 17000 0 0 D LENNOX INTL INC COM 526107107 479 20900 SH SOLE 20900 0 0 D LEVEL 3 COMMUNICATIONS INC COM 52729N100 57 10700 SH SOLE 10700 0 0 D LILLY ELI & CO COM 532457108 850 14906 SH SOLE 14906 0 0 D LOEWS CORP COM 540424108 5027 132634 SH SOLE 132634 0 0 D LOEWS CORP CAROLNA GP STK 540424207 2337 42200 SH SOLE 42200 0 0 D LOUISIANA PAC CORP COM 546347105 2399 127800 SH SOLE 127800 0 0 D LUCENT TECHNOLOGIES INC COM 549463107 250 107011 SH SOLE 107011 0 0 D MEMC ELECTR MATLS INC COM 552715104 490 13385 SH SOLE 13385 0 0 D MGIC INVT CORP WIS COM 552848103 864 14400 SH SOLE 14400 0 0 D MAGELLAN HEALTH SVCS INC COM NEW 559079207 2518 59100 SH SOLE 59100 0 0 D MARATHON OIL CORP COM 565849106 1238 16100 SH SOLE 16100 0 0 D MASCO CORP COM 574599106 1497 54600 SH SOLE 54600 0 0 D MATTEL INC COM 577081102 394 20000 SH SOLE 20000 0 0 D MAXIM INTEGRATED PRODS INC COM 57772K101 213 7600 SH SOLE 7600 0 0 D MCCLATCHY CO CL A 579489105 1602 37977 SH SOLE 37977 0 0 D MEDTRONIC INC COM 585055106 892 19200 SH SOLE 19200 0 0 D MERCK & CO INC COM 589331107 6972 166389 SH SOLE 166389 0 0 D MERRILL LYNCH & CO INC COM 590188108 430 5500 SH SOLE 5500 0 0 D MICROSOFT CORP COM 594918104 12130 443822 SH SOLE 443822 0 0 D MIRANT CORP NEW COM 60467R100 4353 159400 SH SOLE 159400 0 0 D MORGAN STANLEY COM NEW 617446448 955 13100 SH SOLE 13100 0 0 D MOTOROLA INC COM 620076109 3994 159750 SH SOLE 159750 0 0 D NCR CORP NEW COM 62886E108 3689 93442 SH SOLE 93442 0 0 D NPS PHARMACEUTICALS INC COM 62936P103 54 14200 SH SOLE 14200 0 0 D NTL INC DEL COM 62941W101 2037 80100 SH SOLE 80100 0 0 D NATIONAL CITY CORP COM 635405103 3909 106800 SH SOLE 106800 0 0 D NATIONWIDE FINL SVCS INC CL A 638612101 1327 27595 SH SOLE 27595 0 0 D NEW PLAN EXCEL RLTY TR INC COM 648053106 1902 70300 SH SOLE 70300 0 0 D NIKE INC CL B 654106103 2734 31200 SH SOLE 31200 0 0 D NORFOLK SOUTHERN CORP COM 655844108 2458 55800 SH SOLE 55800 0 0 D ONYX PHARMACEUTICALS INC COM 683399109 289 16687 SH SOLE 16687 0 0 D ORACLE CORP COM 68389X105 828 46692 SH SOLE 46692 0 0 D PG&E CORP COM 69331C108 4948 118800 SH SOLE 118800 0 0 D PMI GROUP INC COM 69344M101 4162 95000 SH SOLE 95000 0 0 D PPG INDS INC COM 693506107 5085 75800 SH SOLE 75800 0 0 D PPL CORP COM 69351T106 767 23300 SH SOLE 23300 0 0 D PACTIV CORP COM 695257105 3405 119800 SH SOLE 119800 0 0 D PENNEY J C INC COM 708160106 5122 74901 SH SOLE 74901 0 0 D PEPSIAMERICAS INC COM 71343P200 1307 61227 SH SOLE 61227 0 0 D PEPSICO INC COM 713448108 372 5700 SH SOLE 5700 0 0 D PFIZER INC COM 717081103 10020 353322 SH SOLE 353322 0 0 D PRICELINE COM INC COM NEW 741503403 339 9214 SH SOLE 9214 0 0 D PRINCIPAL FINANCIAL GROUP IN COM 74251V102 5059 93200 SH SOLE 93200 0 0 D PROCTER & GAMBLE CO COM 742718109 4552 73450 SH SOLE 73450 0 0 D PROGRESS ENERGY INC COM 743263105 2759 60800 SH SOLE 60800 0 0 D PROTECTIVE LIFE CORP COM 743674103 1711 37400 SH SOLE 37400 0 0 D PRUDENTIAL FINL INC COM 744320102 6131 80400 SH SOLE 80400 0 0 D RADIAN GROUP INC COM 750236101 4320 72000 SH SOLE 72000 0 0 D RAYONIER INC COM 754907103 4271 113000 SH SOLE 113000 0 0 D RELIANT ENERGY INC COM 75952B105 929 75500 SH SOLE 75500 0 0 D RENT A CTR INC NEW COM 76009N100 814 27800 SH SOLE 27800 0 0 D ROHM & HAAS CO COM 775371107 3191 67400 SH SOLE 67400 0 0 D SPX CORP COM 784635104 4537 84900 SH SOLE 84900 0 0 D SEALED AIR CORP NEW COM 81211K100 4746 87700 SH SOLE 87700 0 0 D SERVICE CORP INTL COM 817565104 1330 142400 SH SOLE 142400 0 0 D SERVICEMASTER CO COM 81760N109 2903 259000 SH SOLE 259000 0 0 D SOLECTRON CORP COM 834182107 45 13785 SH SOLE 13785 0 0 D STANCORP FINL GROUP INC COM 852891100 1227 27500 SH SOLE 27500 0 0 D STEELCASE INC CL A 858155203 1476 94100 SH SOLE 94100 0 0 D SUPERVALU INC COM 868536103 2989 100794 SH SOLE 100794 0 0 D SYBASE INC COM 871130100 3156 130214 SH SOLE 130214 0 0 D TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 589 41300 SH SOLE 41300 0 0 D TECH DATA CORP COM 878237106 3160 86500 SH SOLE 86500 0 0 D TELEFLEX INC COM 879369106 3889 69900 SH SOLE 69900 0 0 D TEMPLE INLAND INC COM 879868107 4026 100400 SH SOLE 100400 0 0 D TESORO CORP COM 881609101 209 3600 SH SOLE 3600 0 0 D TEXAS INSTRS INC COM 882508104 3192 95989 SH SOLE 95989 0 0 D TEXTRON INC COM 883203101 4909 56100 SH SOLE 56100 0 0 D TIME WARNER INC COM 887317105 7699 422306 SH SOLE 422306 0 0 D TORCHMARK CORP COM 891027104 2133 33800 SH SOLE 33800 0 0 D TORO CO COM 891092108 1286 30500 SH SOLE 30500 0 0 D TRIBUNE CO NEW COM 896047107 3292 100600 SH SOLE 100600 0 0 D TRIMERIS INC COM 896263100 116 13200 SH SOLE 13200 0 0 D UAL CORP COM NEW 902549807 1716 64600 SH SOLE 64600 0 0 D US BANCORP DEL COM NEW 902973304 7030 211608 SH SOLE 211608 0 0 D UNION PAC CORP COM 907818108 5702 64800 SH SOLE 64800 0 0 D UNIONBANCAL CORP COM 908906100 4543 74600 SH SOLE 74600 0 0 D UNIVERSAL COMPRESSION HLDGS COM 913431102 4169 78000 SH SOLE 78000 0 0 D UNUMPROVIDENT CORP COM 91529Y106 785 40500 SH SOLE 40500 0 0 D V F CORP COM 918204108 4895 67100 SH SOLE 67100 0 0 D VALERO ENERGY CORP NEW COM 91913Y100 2166 42090 SH SOLE 42090 0 0 D WAL MART STORES INC COM 931142103 1065 21596 SH SOLE 21596 0 0 D WASHINGTON GROUP INTL INC COM NEW 938862208 2278 38700 SH SOLE 38700 0 0 D WASTE MGMT INC DEL COM 94106L109 5088 138700 SH SOLE 138700 0 0 D WEBSTER FINL CORP CONN COM 947890109 617 13100 SH SOLE 13100 0 0 D WELLS FARGO & CO NEW COM 949746101 885 24470 SH SOLE 24470 0 0 D WESTERN DIGITAL CORP COM 958102105 199 11000 SH SOLE 11000 0 0 D WEYERHAEUSER CO COM 962166104 2110 34300 SH SOLE 34300 0 0 D WHIRLPOOL CORP COM 963320106 4221 50180 SH SOLE 50180 0 0 D WYETH COM 983024100 2586 50856 SH SOLE 50856 0 0 D XTO ENERGY INC COM 98385X106 539 12800 SH SOLE 12800 0 0 D XILINX INC COM 983919101 441 20100 SH SOLE 20100 0 0 D XEROX CORP COM 984121103 5192 333696 SH SOLE 333696 0 0 S REPORT SUMMARY 201 DATA RECORDS 591560 00 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED