13F-HR 1 usw3q07.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, 2007 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 October 25, 2007 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: 191 Form 13F Information Table Value Total: $613,514(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 INGERSOLL-RAND COMPANY LTD CL A G4776G101 5621 103200 SH SOLE 103200 0 0 D TRANSOCEAN INC ORD G90078109 328 2900 SH SOLE 2900 0 0 D TYCO INTL LTD BERMUDA SHS G9143X208 5580 125850 SH SOLE 125850 0 0 D AMR CORP COM 001765106 1092 49000 SH SOLE 49000 0 0 D AT&T INC COM 00206R102 6314 149235 SH SOLE 149235 0 0 D AVX CORP NEW COM 002444107 691 42900 SH SOLE 42900 0 0 D ABBOTT LABS COM 002824100 2407 44887 SH SOLE 44887 0 0 D AETNA INC NEW COM 00817Y108 1612 29700 SH SOLE 29700 0 0 D ALLSTATE CORP COM 020002101 2705 47300 SH SOLE 47300 0 0 D ALTRIA GROUP INC COM 02209S103 10383 149332 SH SOLE 149332 0 0 D AMBAC FINL GROUP INC COM 023139108 447 7100 SH SOLE 7100 0 0 D AMERICAN EXPRESS CO COM 025816109 606 10200 SH SOLE 10200 0 0 D AMERICAN FINL GROUP INC OHIO COM 025932104 941 33000 SH SOLE 33000 0 0 D AMERICAN INTL GROUP INC COM 026874107 1538 22741 SH SOLE 22741 0 0 D AON CORP COM 037389103 5086 113500 SH SOLE 113500 0 0 D APPLE INC COM 037833100 3685 24000 SH SOLE 24000 0 0 D APPLERA CORP COM AP BIO GRP 038020103 897 25909 SH SOLE 25909 0 0 D APPLIED MICRO CIRCUITS CORP COM 03822W109 105 33095 SH SOLE 33095 0 0 D APPLIED MATLS INC COM 038222105 1887 91153 SH SOLE 91153 0 0 D ARCHER DANIELS MIDLAND CO COM 039483102 3447 104200 SH SOLE 104200 0 0 D ASHLAND INC NEW COM 044209104 5022 83400 SH SOLE 83400 0 0 D ASTORIA FINL CORP COM 046265104 2133 80401 SH SOLE 80401 0 0 D AUTOLIV INC COM 052800109 4009 67100 SH SOLE 67100 0 0 D AUTONATION INC COM 05329W102 3218 181600 SH SOLE 181600 0 0 D AUTOZONE INC COM 053332102 3705 31900 SH SOLE 31900 0 0 D AVERY DENNISON CORP COM 053611109 4641 81400 SH SOLE 81400 0 0 D AVIS BUDGET GROUP COM 053774105 1719 75100 SH SOLE 75100 0 0 D BAKER HUGHES INC COM 057224107 895 9900 SH SOLE 9900 0 0 D BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 945 40600 SH SOLE 40600 0 0 D BANK OF AMERICA CORPORATION COM 060505104 7443 148059 SH SOLE 148059 0 0 D BARD C R INC COM 067383109 917 10400 SH SOLE 10400 0 0 D BARNES & NOBLE INC COM 067774109 2972 84300 SH SOLE 84300 0 0 D BAXTER INTL INC COM 071813109 414 7361 SH SOLE 7361 0 0 D BEAZER HOMES USA INC COM 07556Q105 657 79600 SH SOLE 79600 0 0 D BECTON DICKINSON & CO COM 075887109 2396 29200 SH SOLE 29200 0 0 D BIOGEN IDEC INC COM 09062X103 338 5100 SH SOLE 5100 0 0 D BOEING CO COM 097023105 2289 21800 SH SOLE 21800 0 0 D BOSTON PROPERTIES INC COM 101121101 5122 49300 SH SOLE 49300 0 0 D BRISTOL MYERS SQUIBB CO COM 110122108 4749 164768 SH SOLE 164768 0 0 D CBS CORP NEW CL B 124857202 2649 84100 SH SOLE 84100 0 0 D CIGNA CORP COM 125509109 5547 104100 SH SOLE 104100 0 0 D CMS ENERGY CORP COM 125896100 1374 81700 SH SOLE 81700 0 0 D CSX CORP COM 126408103 5281 123600 SH SOLE 123600 0 0 D CV THERAPEUTICS INC COM 126667104 137 15216 SH SOLE 15216 0 0 D CENTURYTEL INC COM 156700106 4814 104161 SH SOLE 104161 0 0 D CHEVRON CORP NEW COM 166764100 10317 110243 SH SOLE 110243 0 0 D CHUBB CORP COM 171232101 2650 49400 SH SOLE 49400 0 0 D CINCINNATI FINL CORP COM 172062101 4781 110400 SH SOLE 110400 0 0 D CISCO SYS INC COM 17275R102 5825 175933 SH SOLE 175933 0 0 D CITADEL BROADCASTING CORP COM 17285T106 73 17662 SH SOLE 17662 0 0 D CITIGROUP INC COM 172967101 7722 165451 SH SOLE 165451 0 0 D CITIZENS COMMUNICATIONS CO COM 17453B101 4756 332100 SH SOLE 332100 0 0 D COCA COLA CO COM 191216100 644 11200 SH SOLE 11200 0 0 D COCA COLA ENTERPRISES INC COM 191219104 2909 120100 SH SOLE 120100 0 0 D COLONIAL PPTYS TR COM SH BEN INT 195872106 3022 88100 SH SOLE 88100 0 0 D COMERICA INC COM 200340107 2897 56500 SH SOLE 56500 0 0 D COMPUTER SCIENCES CORP COM 205363104 1890 33819 SH SOLE 33819 0 0 D COMPUWARE CORP COM 205638109 3510 437600 SH SOLE 437600 0 0 D CONAGRA FOODS INC COM 205887102 2049 78400 SH SOLE 78400 0 0 D CONOCOPHILLIPS COM 20825C104 5367 61153 SH SOLE 61153 0 0 D CORNING INC COM 219350105 1375 55794 SH SOLE 55794 0 0 D CROWN HOLDINGS INC COM 228368106 4463 196100 SH SOLE 196100 0 0 D D R HORTON INC COM 23331A109 2280 178000 SH SOLE 178000 0 0 D DST SYS INC DEL COM 233326107 5192 60500 SH SOLE 60500 0 0 D DIME BANCORP INC NEW *W EXP 99/99/9 25429Q110 10 41226 SH SOLE 41226 0 0 D DISNEY WALT CO COM DISNEY 254687106 7370 214300 SH SOLE 214300 0 0 D DU PONT E I DE NEMOURS & CO COM 263534109 3677 74200 SH SOLE 74200 0 0 D DUKE ENERGY CORP NEW COM 26441C105 2757 147500 SH SOLE 147500 0 0 D E M C CORP MASS COM 268648102 1942 93362 SH SOLE 93362 0 0 D EOG RES INC COM 26875P101 1562 21600 SH SOLE 21600 0 0 D EARTHLINK INC COM 270321102 1254 158300 SH SOLE 158300 0 0 D EASTMAN KODAK CO COM 277461109 3931 146900 SH SOLE 146900 0 0 D EDISON INTL COM 281020107 1724 31100 SH SOLE 31100 0 0 D ELECTRONIC DATA SYS NEW COM 285661104 1330 60900 SH SOLE 60900 0 0 D ENTERGY CORP NEW COM 29364G103 4440 41000 SH SOLE 41000 0 0 D ERIE INDTY CO CL A 29530P102 4939 80800 SH SOLE 80800 0 0 D EXXON MOBIL CORP COM 30231G102 25706 277720 SH SOLE 277720 0 0 D FAIRCHILD SEMICONDUCTOR INTL COM 303726103 2870 153650 SH SOLE 153650 0 0 D FIRSTENERGY CORP COM 337932107 4123 65100 SH SOLE 65100 0 0 D FRANKLIN RES INC COM 354613101 3698 29000 SH SOLE 29000 0 0 D GANNETT INC COM 364730101 3120 71400 SH SOLE 71400 0 0 D GENERAL ELECTRIC CO COM 369604103 12762 308268 SH SOLE 308268 0 0 D GENERAL MLS INC COM 370334104 5401 93100 SH SOLE 93100 0 0 D GILEAD SCIENCES INC COM 375558103 1753 42896 SH SOLE 42896 0 0 D GOLDMAN SACHS GROUP INC COM 38141G104 3690 17024 SH SOLE 17024 0 0 D GOOGLE INC CL A 38259P508 4028 7100 SH SOLE 7100 0 0 D HLTH CORPORATION COM 40422Y101 3127 220700 SH SOLE 220700 0 0 D HEARST-ARGYLE TELEVISION INC COM 422317107 5626 216700 SH SOLE 216700 0 0 D HEINZ H J CO COM 423074103 2407 52100 SH SOLE 52100 0 0 D HESS CORP COM 42809H107 259 3900 SH SOLE 3900 0 0 D HEWLETT PACKARD CO COM 428236103 670 13453 SH SOLE 13453 0 0 D HILLENBRAND INDS INC COM 431573104 4363 79300 SH SOLE 79300 0 0 D HOLLY CORP COM PAR $0.01 435758305 413 6900 SH SOLE 6900 0 0 D HOME DEPOT INC COM 437076102 3987 122900 SH SOLE 122900 0 0 D HUMAN GENOME SCIENCES INC COM 444903108 183 17779 SH SOLE 17779 0 0 D HUNTINGTON BANCSHARES INC COM 446150104 3005 177000 SH SOLE 177000 0 0 D IDEXX LABS INC COM 45168D104 1556 14200 SH SOLE 14200 0 0 D INGRAM MICRO INC CL A 457153104 1645 83900 SH SOLE 83900 0 0 D INTEL CORP COM 458140100 4049 156560 SH SOLE 156560 0 0 D INTERMUNE INC COM 45884X103 324 16958 SH SOLE 16958 0 0 D INTERNATIONAL BUSINESS MACHS COM 459200101 7911 67154 SH SOLE 67154 0 0 D INTL PAPER CO COM 460146103 1797 50100 SH SOLE 50100 0 0 D INTUITIVE SURGICAL INC COM NEW 46120E602 989 4300 SH SOLE 4300 0 0 D JP MORGAN CHASE & CO COM 46625H100 4451 97150 SH SOLE 97150 0 0 D JOHNSON & JOHNSON COM 478160104 3683 56061 SH SOLE 56061 0 0 D JONES APPAREL GROUP INC COM 480074103 2853 135000 SH SOLE 135000 0 0 D KEYCORP NEW COM 493267108 4651 143861 SH SOLE 143861 0 0 D KRAFT FOODS INC CL A 50075N104 7082 205204 SH SOLE 205204 0 0 D LSI CORPORATION COM 502161102 4642 625555 SH SOLE 625555 0 0 D LEGGETT & PLATT INC COM 524660107 326 17000 SH SOLE 17000 0 0 D LENNOX INTL INC COM 526107107 1724 51000 SH SOLE 51000 0 0 D LEXMARK INTL NEW CL A 529771107 4186 100800 SH SOLE 100800 0 0 D LIZ CLAIBORNE INC COM 539320101 1531 44600 SH SOLE 44600 0 0 D LOEWS CORP COM 540424108 5436 112434 SH SOLE 112434 0 0 D M D C HLDGS INC COM 552676108 1445 35300 SH SOLE 35300 0 0 D MARATHON OIL CORP COM 565849106 3450 60500 SH SOLE 60500 0 0 D MARKEL CORP COM 570535104 1839 3800 SH SOLE 3800 0 0 D MARSH & MCLENNAN COS INC COM 571748102 4825 189200 SH SOLE 189200 0 0 D MASTERCARD INC CL A 57636Q104 1864 12600 SH SOLE 12600 0 0 D MATTEL INC COM 577081102 3472 148000 SH SOLE 148000 0 0 D MEADWESTVACO CORP COM 583334107 750 25400 SH SOLE 25400 0 0 D MEDCO HEALTH SOLUTIONS INC COM 58405U102 895 9900 SH SOLE 9900 0 0 D MEDTRONIC INC COM 585055106 1873 33200 SH SOLE 33200 0 0 D MERCK & CO INC COM 589331107 5448 105389 SH SOLE 105389 0 0 D MERRILL LYNCH & CO INC COM 590188108 392 5500 SH SOLE 5500 0 0 D MICROSOFT CORP COM 594918104 10768 365522 SH SOLE 365522 0 0 D MIRANT CORP NEW COM 60467R100 5146 126500 SH SOLE 126500 0 0 D MOHAWK INDS INC COM 608190104 4341 53400 SH SOLE 53400 0 0 D MOLSON COORS BREWING CO CL B 60871R209 4864 48800 SH SOLE 48800 0 0 D MORGAN STANLEY COM NEW 617446448 825 13100 SH SOLE 13100 0 0 D MOTOROLA INC COM 620076109 2356 127150 SH SOLE 127150 0 0 D MYLAN LABS INC COM 628530107 2806 175800 SH SOLE 175800 0 0 D NYSE EURONEXT COM 629491101 325 4100 SH SOLE 4100 0 0 D NATIONAL CITY CORP COM 635405103 3003 119700 SH SOLE 119700 0 0 D NATIONAL OILWELL VARCO INC COM 637071101 3728 25800 SH SOLE 25800 0 0 D NATIONWIDE FINL SVCS INC CL A 638612101 2142 39795 SH SOLE 39795 0 0 D NEWELL RUBBERMAID INC COM 651229106 5361 186000 SH SOLE 186000 0 0 D NISOURCE INC COM 65473P105 1133 59200 SH SOLE 59200 0 0 D NORFOLK SOUTHERN CORP COM 655844108 4900 94400 SH SOLE 94400 0 0 D NORTHROP GRUMMAN CORP COM 666807102 5507 70600 SH SOLE 70600 0 0 D ONYX PHARMACEUTICALS INC COM 683399109 726 16687 SH SOLE 16687 0 0 D PMI GROUP INC COM 69344M101 1053 32200 SH SOLE 32200 0 0 D PACTIV CORP COM 695257105 3353 117000 SH SOLE 117000 0 0 D PENNEY J C INC COM 708160106 3935 62101 SH SOLE 62101 0 0 D PEPSI BOTTLING GROUP INC COM 713409100 2208 59400 SH SOLE 59400 0 0 D PERKINELMER INC COM 714046109 3225 110400 SH SOLE 110400 0 0 D PFIZER INC COM 717081103 11360 465022 SH SOLE 465022 0 0 D PROCTER & GAMBLE CO COM 742718109 4104 58350 SH SOLE 58350 0 0 D PROGRESS ENERGY INC COM 743263105 2605 55600 SH SOLE 55600 0 0 D PRUDENTIAL FINL INC COM 744320102 6577 67400 SH SOLE 67400 0 0 D PUBLIC SVC ENTERPRISE GROUP COM 744573106 818 9300 SH SOLE 9300 0 0 D RADIAN GROUP INC COM 750236101 1148 49300 SH SOLE 49300 0 0 D RAYONIER INC COM 754907103 2522 52500 SH SOLE 52500 0 0 D RYLAND GROUP INC COM 783764103 2085 97300 SH SOLE 97300 0 0 D SPX CORP COM 784635104 2221 24000 SH SOLE 24000 0 0 D SCANA CORP NEW COM 80589M102 2611 67400 SH SOLE 67400 0 0 D SCHLUMBERGER LTD COM 806857108 7319 69700 SH SOLE 69700 0 0 D SCRIPPS E W CO OHIO CL A 811054204 4969 118300 SH SOLE 118300 0 0 D SEALED AIR CORP NEW COM 81211K100 524 20500 SH SOLE 20500 0 0 D SERVICE CORP INTL COM 817565104 3376 261700 SH SOLE 261700 0 0 D SOHU COM INC COM 83408W103 290 7700 SH SOLE 7700 0 0 D SOLECTRON CORP COM 834182107 54 13785 SH SOLE 13785 0 0 D STANCORP FINL GROUP INC COM 852891100 4149 83800 SH SOLE 83800 0 0 D STEELCASE INC CL A 858155203 1500 83400 SH SOLE 83400 0 0 D SYBASE INC COM 871130100 2988 129200 SH SOLE 129200 0 0 D TCF FINL CORP COM 872275102 3092 118100 SH SOLE 118100 0 0 D TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 244 14300 SH SOLE 14300 0 0 D TECH DATA CORP COM 878237106 3502 87300 SH SOLE 87300 0 0 D TELEFLEX INC COM 879369106 4714 60500 SH SOLE 60500 0 0 D TELEPHONE & DATA SYS INC COM 879433100 4939 74000 SH SOLE 74000 0 0 D TEMPLE INLAND INC COM 879868107 3037 57700 SH SOLE 57700 0 0 D TERADYNE INC COM 880770102 3054 221300 SH SOLE 221300 0 0 D TIME WARNER INC COM 887317105 7148 389306 SH SOLE 389306 0 0 D TORCHMARK CORP COM 891027104 4238 68000 SH SOLE 68000 0 0 D UAL CORP COM NEW 902549807 1224 26300 SH SOLE 26300 0 0 D VALHI INC NEW COM 918905100 1021 43000 SH SOLE 43000 0 0 D VALERO ENERGY CORP NEW COM 91913Y100 1182 17590 SH SOLE 17590 0 0 D VERISIGN INC COM 92343E102 3307 98000 SH SOLE 98000 0 0 D VERIZON COMMUNICATIONS COM 92343V104 350 7900 SH SOLE 7900 0 0 D VISHAY INTERTECHNOLOGY INC COM 928298108 3781 290200 SH SOLE 290200 0 0 D WACHOVIA CORP NEW COM 929903102 1585 31600 SH SOLE 31600 0 0 D WASTE MGMT INC DEL COM 94106L109 5408 143300 SH SOLE 143300 0 0 D WATSON PHARMACEUTICALS INC COM 942683103 2929 90400 SH SOLE 90400 0 0 D WELLS FARGO & CO NEW COM 949746101 2670 74970 SH SOLE 74970 0 0 D WESTERN DIGITAL CORP COM 958102105 279 11000 SH SOLE 11000 0 0 D WEYERHAEUSER CO COM 962166104 2588 35800 SH SOLE 35800 0 0 D WISCONSIN ENERGY CORP COM 976657106 1310 29100 SH SOLE 29100 0 0 D WYETH COM 983024100 412 9256 SH SOLE 9256 0 0 D XTO ENERGY INC COM 98385X106 792 12800 SH SOLE 12800 0 0 D XEROX CORP COM 984121103 5374 309896 SH SOLE 309896 0 0 D ZIMMER HLDGS INC COM 98956P102 713 8800 SH SOLE 8800 0 0 S REPORT SUMMARY 191 DATA RECORDS 613514 00 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED