13F-HR 1 usw1q10.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, 2010 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: 1801 California Street, Suite 3800 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: 303-382-0620 Signature, Place, and Date of Signing: /s/ Paul Strong Englewood, CO May 4, 2010 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: 222 Form 13F Information Table Value Total: $260,019(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 ARCH CAP GROUP LTD ORD G0450A105 757 9924 SH SOLE 9924 0 0 D ACCENTURE PLC IRELAND SHS CLASS A G1151C101 411 9796 SH SOLE 9796 0 0 D COVIDIEN PLC SHS G2554F105 917 18234 SH SOLE 18234 0 0 D EVEREST RE GROUP LTD COM G3223R108 497 6136 SH SOLE 6136 0 0 D FRONTLINE LTD SHS G3682E127 682 22265 SH SOLE 22265 0 0 D SIGNET JEWELERS LIMITED SHS G81276100 1160 35871 SH SOLE 35871 0 0 D WHITE MTNS INS GROUP LTD COM G9618E107 727 2049 SH SOLE 2049 0 0 D TEEKAY CORPORATION COM Y8564W103 841 36989 SH SOLE 36989 0 0 D AMB PROPERTY CORP COM 00163T109 1021 37498 SH SOLE 37498 0 0 D AT&T INC COM 00206R102 2936 113621 SH SOLE 113621 0 0 D ABBOTT LABS COM 002824100 1357 25765 SH SOLE 25765 0 0 D ACUITY BRANDS INC COM 00508Y102 1493 35376 SH SOLE 35376 0 0 D AETNA INC NEW COM 00817Y108 571 16270 SH SOLE 16270 0 0 D AGILENT TECHNOLOGIES INC COM 00846U101 437 12694 SH SOLE 12694 0 0 D ALCOA INC COM 013817101 1277 89665 SH SOLE 89665 0 0 D ALTRIA GROUP INC COM 02209S103 2259 110071 SH SOLE 110071 0 0 D AMAZON COM INC COM 023135106 1481 10911 SH SOLE 10911 0 0 D AMERICAN EXPRESS CO COM 025816109 243 5887 SH SOLE 5887 0 0 D AMERIPRISE FINL INC COM 03076C106 574 12655 SH SOLE 12655 0 0 D AMGEN INC COM 031162100 2528 42302 SH SOLE 42302 0 0 D AON CORP COM 037389103 647 15156 SH SOLE 15156 0 0 D APPLE INC COM 037833100 4946 21053 SH SOLE 21053 0 0 D APPLIED MATLS INC COM 038222105 745 55232 SH SOLE 55232 0 0 D ARCHER DANIELS MIDLAND CO COM 039483102 208 7189 SH SOLE 7189 0 0 D ARMSTRONG WORLD INDS INC NEW COM 04247X102 678 18685 SH SOLE 18685 0 0 D ASHLAND INC NEW COM 044209104 914 17315 SH SOLE 17315 0 0 D ASSURANT INC COM 04621X108 501 14566 SH SOLE 14566 0 0 D AUTOLIV INC COM 052800109 1579 30636 SH SOLE 30636 0 0 D AUTONATION INC COM 05329W102 1215 67212 SH SOLE 67212 0 0 D BANK OF AMERICA CORPORATION COM 060505104 2864 160468 SH SOLE 160468 0 0 D BANK HAWAII CORP COM 062540109 652 14505 SH SOLE 14505 0 0 D BARD C R INC COM 067383109 370 4268 SH SOLE 4268 0 0 D BARNES & NOBLE INC COM 067774109 515 23843 SH SOLE 23843 0 0 D BAXTER INTL INC COM 071813109 936 16088 SH SOLE 16088 0 0 D BIOGEN IDEC INC COM 09062X103 706 12312 SH SOLE 12312 0 0 D BOEING CO COM 097023105 703 9680 SH SOLE 9680 0 0 D BOSTON PROPERTIES INC COM 101121101 264 3494 SH SOLE 3494 0 0 D BOSTON SCIENTIFIC CORP COM 101137107 323 44675 SH SOLE 44675 0 0 D BRINKER INTL INC COM 109641100 679 35210 SH SOLE 35210 0 0 D BRINKS CO COM 109696104 1151 40779 SH SOLE 40779 0 0 D BRISTOL MYERS SQUIBB CO COM 110122108 2027 75932 SH SOLE 75932 0 0 D CBS CORP NEW CL B 124857202 694 49805 SH SOLE 49805 0 0 D CIGNA CORP COM 125509109 382 10448 SH SOLE 10448 0 0 D CVS CAREMARK CORPORATION COM 126650100 237 6496 SH SOLE 6496 0 0 D CABLEVISION SYS CORP CL A NY CABLVS 12686C109 568 23530 SH SOLE 23530 0 0 D CAPITAL ONE FINL CORP COM 14040H105 1075 25954 SH SOLE 25954 0 0 D CARLISLE COS INC COM 142339100 1441 37834 SH SOLE 37834 0 0 D CARNIVAL CORP PAIRED CTF 143658300 456 11716 SH SOLE 11716 0 0 D CHENIERE ENERGY INC COM NEW 16411R208 32 10396 SH SOLE 10396 0 0 D CHEVRON CORP NEW COM 166764100 4678 61696 SH SOLE 61696 0 0 D CHUBB CORP COM 171232101 921 17765 SH SOLE 17765 0 0 D CINCINNATI FINL CORP COM 172062101 562 19432 SH SOLE 19432 0 0 D CISCO SYS INC COM 17275R102 2820 108344 SH SOLE 108344 0 0 D CITIGROUP INC COM 172967101 710 175426 SH SOLE 175426 0 0 D COCA COLA CO COM 191216100 1698 30872 SH SOLE 30872 0 0 D COCA COLA ENTERPRISES INC COM 191219104 327 11835 SH SOLE 11835 0 0 D COLGATE PALMOLIVE CO COM 194162103 713 8360 SH SOLE 8360 0 0 D COLONIAL PPTYS TR COM SH BEN INT 195872106 223 17319 SH SOLE 17319 0 0 D COMPUTER SCIENCES CORP COM 205363104 794 14568 SH SOLE 14568 0 0 D COMPUWARE CORP COM 205638109 917 109186 SH SOLE 109186 0 0 D CONAGRA FOODS INC COM 205887102 960 38287 SH SOLE 38287 0 0 D CONOCOPHILLIPS COM 20825C104 2997 58569 SH SOLE 58569 0 0 D CONSOLIDATED EDISON INC COM 209115104 1466 32914 SH SOLE 32914 0 0 D CONSTELLATION BRANDS INC CL A 21036P108 1045 63552 SH SOLE 63552 0 0 D CONVERGYS CORP COM 212485106 196 16027 SH SOLE 16027 0 0 D CORNING INC COM 219350105 648 32061 SH SOLE 32061 0 0 D CYTEC INDS INC COM 232820100 1360 29106 SH SOLE 29106 0 0 D D R HORTON INC COM 23331A109 361 28682 SH SOLE 28682 0 0 D DST SYS INC DEL COM 233326107 1236 29824 SH SOLE 29824 0 0 D DTE ENERGY CO COM 233331107 989 22174 SH SOLE 22174 0 0 D DEAN FOODS CO NEW COM 242370104 738 47038 SH SOLE 47038 0 0 D DEL MONTE FOODS CO COM 24522P103 1597 109393 SH SOLE 109393 0 0 D DELL INC COM 24702R101 163 10831 SH SOLE 10831 0 0 D DIAMOND OFFSHORE DRILLING IN COM 25271C102 454 5107 SH SOLE 5107 0 0 D DISNEY WALT CO COM DISNEY 254687106 2828 81001 SH SOLE 81001 0 0 D DOMINION RES INC VA NEW COM 25746U109 593 14416 SH SOLE 14416 0 0 D DU PONT E I DE NEMOURS & CO COM 263534109 1281 34409 SH SOLE 34409 0 0 D DUKE ENERGY CORP NEW COM 26441C105 1446 88582 SH SOLE 88582 0 0 D E M C CORP MASS COM 268648102 988 54763 SH SOLE 54763 0 0 D EASTMAN CHEM CO COM 277432100 976 15320 SH SOLE 15320 0 0 D EDISON INTL COM 281020107 1248 36535 SH SOLE 36535 0 0 D ENTERGY CORP NEW COM 29364G103 1569 19284 SH SOLE 19284 0 0 D EXXON MOBIL CORP COM 30231G102 8649 129124 SH SOLE 129124 0 0 D FAIRCHILD SEMICONDUCTOR INTL COM 303726103 392 36793 SH SOLE 36793 0 0 D FIRST CTZNS BANCSHARES INC N CL A 31946M103 827 4160 SH SOLE 4160 0 0 D FIRST HORIZON NATL CORP COM 320517105 728 51844 SH SOLE 51844 0 0 D FRANKLIN RES INC COM 354613101 417 3760 SH SOLE 3760 0 0 D FRONTIER COMMUNICATIONS CORP COM 35906A108 633 85094 SH SOLE 85094 0 0 D GATX CORP COM 361448103 500 17437 SH SOLE 17437 0 0 D GANNETT INC COM 364730101 380 23011 SH SOLE 23011 0 0 D GAP INC DEL COM 364760108 939 40619 SH SOLE 40619 0 0 D GENERAL DYNAMICS CORP COM 369550108 643 8327 SH SOLE 8327 0 0 D GENERAL ELECTRIC CO COM 369604103 5829 320271 SH SOLE 320271 0 0 D GOLDMAN SACHS GROUP INC COM 38141G104 2853 16719 SH SOLE 16719 0 0 D GOOGLE INC CL A 38259P508 4266 7524 SH SOLE 7524 0 0 D HALLIBURTON CO COM 406216101 1244 41277 SH SOLE 41277 0 0 D HARLEY DAVIDSON INC COM 412822108 417 14866 SH SOLE 14866 0 0 D HARSCO CORP COM 415864107 1320 41343 SH SOLE 41343 0 0 D HEALTHSOUTH CORP COM NEW 421924309 1186 63417 SH SOLE 63417 0 0 D HEWLETT PACKARD CO COM 428236103 2251 42343 SH SOLE 42343 0 0 D HOME DEPOT INC COM 437076102 1397 43195 SH SOLE 43195 0 0 D HONEYWELL INTL INC COM 438516106 214 4734 SH SOLE 4734 0 0 D IAC INTERACTIVECORP COM PAR $.001 44919P508 769 33817 SH SOLE 33817 0 0 D INGRAM MICRO INC CL A 457153104 587 33425 SH SOLE 33425 0 0 D INTEL CORP COM 458140100 2114 94955 SH SOLE 94955 0 0 D INTERNATIONAL BUSINESS MACHS COM 459200101 4723 36828 SH SOLE 36828 0 0 D INTERNATIONAL RECTIFIER CORP COM 460254105 1279 55871 SH SOLE 55871 0 0 D INTERNATIONAL SPEEDWAY CORP CL A 460335201 555 21547 SH SOLE 21547 0 0 D INTERSIL CORP CL A 46069S109 944 63987 SH SOLE 63987 0 0 D INTUITIVE SURGICAL INC COM NEW 46120E602 673 1932 SH SOLE 1932 0 0 D JPMORGAN CHASE & CO COM 46625H100 3429 76626 SH SOLE 76626 0 0 D JANUS CAP GROUP INC COM 47102X105 368 25756 SH SOLE 25756 0 0 D JOHNSON & JOHNSON COM 478160104 4641 71179 SH SOLE 71179 0 0 D KB HOME COM 48666K109 189 11300 SH SOLE 11300 0 0 D KENNAMETAL INC COM 489170100 963 34247 SH SOLE 34247 0 0 D KEYCORP NEW COM 493267108 365 47119 SH SOLE 47119 0 0 D KIMCO REALTY CORP COM 49446R109 587 37530 SH SOLE 37530 0 0 D KING PHARMACEUTICALS INC COM 495582108 242 20589 SH SOLE 20589 0 0 D KRAFT FOODS INC CL A 50075N104 1335 44163 SH SOLE 44163 0 0 D LEGG MASON INC COM 524901105 721 25137 SH SOLE 25137 0 0 D LEUCADIA NATL CORP COM 527288104 1436 57871 SH SOLE 57871 0 0 D LEXMARK INTL NEW CL A 529771107 949 26301 SH SOLE 26301 0 0 D LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 1033 28402 SH SOLE 28402 0 0 D LOEWS CORP COM 540424108 706 18946 SH SOLE 18946 0 0 D LOWES COS INC COM 548661107 285 11777 SH SOLE 11777 0 0 D M D C HLDGS INC COM 552676108 383 11072 SH SOLE 11072 0 0 D MARATHON OIL CORP COM 565849106 1259 39806 SH SOLE 39806 0 0 D MARSHALL & ILSLEY CORP NEW COM 571837103 293 36411 SH SOLE 36411 0 0 D MASCO CORP COM 574599106 779 50181 SH SOLE 50181 0 0 D MASTERCARD INC CL A 57636Q104 735 2892 SH SOLE 2892 0 0 D MCDONALDS CORP COM 580135101 1946 29167 SH SOLE 29167 0 0 D MEADWESTVACO CORP COM 583334107 1026 40166 SH SOLE 40166 0 0 D MEDCO HEALTH SOLUTIONS INC COM 58405U102 1596 24716 SH SOLE 24716 0 0 D MERCK & CO INC NEW COM 58933Y105 3445 92228 SH SOLE 92228 0 0 D MERCURY GENL CORP NEW COM 589400100 242 5545 SH SOLE 5545 0 0 D METTLER TOLEDO INTERNATIONAL COM 592688105 445 4073 SH SOLE 4073 0 0 D MICROSOFT CORP COM 594918104 5386 184024 SH SOLE 184024 0 0 D MOHAWK INDS INC COM 608190104 786 14453 SH SOLE 14453 0 0 D MOLSON COORS BREWING CO CL B 60871R209 1231 29276 SH SOLE 29276 0 0 D MOODYS CORP COM 615369105 540 18146 SH SOLE 18146 0 0 D MORGAN STANLEY COM NEW 617446448 1775 60599 SH SOLE 60599 0 0 D MOTOROLA INC COM 620076109 876 124754 SH SOLE 124754 0 0 D NBTY INC COM 628782104 362 7548 SH SOLE 7548 0 0 D NCR CORP NEW COM 62886E108 744 53924 SH SOLE 53924 0 0 D NAVISTAR INTL CORP NEW COM 63934E108 729 16299 SH SOLE 16299 0 0 D NICOR INC COM 654086107 1035 24687 SH SOLE 24687 0 0 D NISOURCE INC COM 65473P105 554 35043 SH SOLE 35043 0 0 D NORFOLK SOUTHERN CORP COM 655844108 1797 32155 SH SOLE 32155 0 0 D NORTHEAST UTILS COM 664397106 685 24778 SH SOLE 24778 0 0 D NORTHROP GRUMMAN CORP COM 666807102 1841 28079 SH SOLE 28079 0 0 D NOVELLUS SYS INC COM 670008101 961 38450 SH SOLE 38450 0 0 D NSTAR COM 67019E107 240 6785 SH SOLE 6785 0 0 D OCCIDENTAL PETE CORP DEL COM 674599105 1514 17906 SH SOLE 17906 0 0 D ONEOK INC NEW COM 682680103 403 8823 SH SOLE 8823 0 0 D ORACLE CORP COM 68389X105 1671 65063 SH SOLE 65063 0 0 D PENNEY J C INC COM 708160106 1195 37157 SH SOLE 37157 0 0 D PEPSICO INC COM 713448108 2595 39223 SH SOLE 39223 0 0 D PERKINELMER INC COM 714046109 595 24889 SH SOLE 24889 0 0 D PFIZER INC COM 717081103 4173 243298 SH SOLE 243298 0 0 D PHILIP MORRIS INTL INC COM 718172109 1801 34530 SH SOLE 34530 0 0 D PIONEER NAT RES CO COM 723787107 1702 30217 SH SOLE 30217 0 0 D PITNEY BOWES INC COM 724479100 378 15464 SH SOLE 15464 0 0 D PRIDE INTL INC DEL COM 74153Q102 922 30633 SH SOLE 30633 0 0 D PROASSURANCE CORP COM 74267C106 466 7954 SH SOLE 7954 0 0 D PROCTER & GAMBLE CO COM 742718109 4419 69840 SH SOLE 69840 0 0 D PROSPERITY BANCSHARES INC COM 743606105 640 15605 SH SOLE 15605 0 0 D PRUDENTIAL FINL INC COM 744320102 1112 18382 SH SOLE 18382 0 0 D QUALCOMM INC COM 747525103 419 9967 SH SOLE 9967 0 0 D RAYONIER INC COM 754907103 622 13687 SH SOLE 13687 0 0 D RENT A CTR INC NEW COM 76009N100 317 13402 SH SOLE 13402 0 0 D RYDER SYS INC COM 783549108 622 16058 SH SOLE 16058 0 0 D SAFEWAY INC COM NEW 786514208 996 40077 SH SOLE 40077 0 0 D SARA LEE CORP COM 803111103 151 10863 SH SOLE 10863 0 0 D SCHLUMBERGER LTD COM 806857108 477 7522 SH SOLE 7522 0 0 D SEALED AIR CORP NEW COM 81211K100 1273 60383 SH SOLE 60383 0 0 D SEARS HLDGS CORP COM 812350106 1885 17381 SH SOLE 17381 0 0 D SEMPRA ENERGY COM 816851109 1400 28054 SH SOLE 28054 0 0 D SERVICE CORP INTL COM 817565104 677 73717 SH SOLE 73717 0 0 D SMITHFIELD FOODS INC COM 832248108 274 13226 SH SOLE 13226 0 0 D SNAP ON INC COM 833034101 727 16783 SH SOLE 16783 0 0 D SPRINT NEXTEL CORP COM SER 1 852061100 249 65410 SH SOLE 65410 0 0 D STANCORP FINL GROUP INC COM 852891100 620 13027 SH SOLE 13027 0 0 D STEELCASE INC CL A 858155203 318 49187 SH SOLE 49187 0 0 D STUDENT LN CORP COM 863902102 508 14284 SH SOLE 14284 0 0 D SUNTRUST BKS INC COM 867914103 1094 40829 SH SOLE 40829 0 0 D SYBASE INC COM 871130100 518 11106 SH SOLE 11106 0 0 D TRW AUTOMOTIVE HLDGS CORP COM 87264S106 325 11366 SH SOLE 11366 0 0 D TECH DATA CORP COM 878237106 838 20005 SH SOLE 20005 0 0 D TELEFLEX INC COM 879369106 1550 24189 SH SOLE 24189 0 0 D TELEPHONE & DATA SYS INC COM 879433100 338 9997 SH SOLE 9997 0 0 D TEMPLE INLAND INC COM 879868107 774 37875 SH SOLE 37875 0 0 D TERADYNE INC COM 880770102 533 47673 SH SOLE 47673 0 0 D TEREX CORP NEW COM 880779103 1519 66895 SH SOLE 66895 0 0 D TEVA PHARMACEUTICAL INDS LTD ADR 881624209 724 11471 SH SOLE 11471 0 0 D TEXAS INSTRS INC COM 882508104 1514 61857 SH SOLE 61857 0 0 D TIME WARNER INC COM NEW 887317303 2166 69278 SH SOLE 69278 0 0 D TIMKEN CO COM 887389104 1156 38536 SH SOLE 38536 0 0 D TORCHMARK CORP COM 891027104 528 9868 SH SOLE 9868 0 0 D TRAVELERS COMPANIES INC COM 89417E109 1293 23965 SH SOLE 23965 0 0 D TYSON FOODS INC CL A 902494103 661 34499 SH SOLE 34499 0 0 D US BANCORP DEL COM NEW 902973304 426 16454 SH SOLE 16454 0 0 D UNION PAC CORP COM 907818108 1834 25022 SH SOLE 25022 0 0 D UNITED PARCEL SERVICE INC CL B 911312106 436 6765 SH SOLE 6765 0 0 D UNITED STATES STL CORP NEW COM 912909108 1319 20773 SH SOLE 20773 0 0 D UNITED TECHNOLOGIES CORP COM 913017109 1485 20169 SH SOLE 20169 0 0 D UNITEDHEALTH GROUP INC COM 91324P102 658 20139 SH SOLE 20139 0 0 D VERISIGN INC COM 92343E102 521 20022 SH SOLE 20022 0 0 D VERIZON COMMUNICATIONS INC COM 92343V104 1532 49398 SH SOLE 49398 0 0 D VISA INC COM CL A 92826C839 1186 13031 SH SOLE 13031 0 0 D VISHAY INTERTECHNOLOGY INC COM 928298108 1291 126215 SH SOLE 126215 0 0 D WAL MART STORES INC COM 931142103 3254 58530 SH SOLE 58530 0 0 D WASTE MGMT INC DEL COM 94106L109 1678 48745 SH SOLE 48745 0 0 D WELLPOINT INC COM 94973V107 296 4599 SH SOLE 4599 0 0 D WELLS FARGO & CO NEW COM 949746101 2646 85014 SH SOLE 85014 0 0 D WESCO INTL INC COM 95082P105 1592 45853 SH SOLE 45853 0 0 D WESTERN UN CO COM 959802109 424 24987 SH SOLE 24987 0 0 D WEYERHAEUSER CO COM 962166104 853 18845 SH SOLE 18845 0 0 D WILLIAMS COS INC DEL COM 969457100 922 39930 SH SOLE 39930 0 0 D WILMINGTON TRUST CORP COM 971807102 483 29139 SH SOLE 29139 0 0 D XTO ENERGY INC COM 98385X106 456 9660 SH SOLE 9660 0 0 D XEROX CORP COM 984121103 1022 104785 SH SOLE 104785 0 0 D ZIMMER HLDGS INC COM 98956P102 205 3468 SH SOLE 3468 0 0 S REPORT SUMMARY 222 DATA RECORDS 260019 00 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED