13F-HR 1 usw4q10.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: December 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 January 25, 2011 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: 221 Form 13F Information Table Value Total: $287,768(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 792 8995 SH SOLE 8995 0 0 D ACCENTURE PLC IRELAND SHS CLASS A G1151C101 475 9796 SH SOLE 9796 0 0 D EVEREST RE GROUP LTD COM G3223R108 520 6136 SH SOLE 6136 0 0 D FRONTLINE LTD SHS G3682E127 293 11539 SH SOLE 11539 0 0 D HERBALIFE LTD COM USD SHS G4412G101 512 7485 SH SOLE 7485 0 0 D SIGNET JEWELERS LIMITED SHS G81276100 1315 30297 SH SOLE 30297 0 0 D TYCO INTERNATIONAL LTD SHS H89128104 1824 44025 SH SOLE 44025 0 0 D CORE LABORATORIES N V COM N22717107 1341 15062 SH SOLE 15062 0 0 D TEEKAY CORPORATION COM Y8564W103 1175 35514 SH SOLE 35514 0 0 D AMB PROPERTY CORP COM 00163T109 1214 38291 SH SOLE 38291 0 0 D AT&T INC COM 00206R102 3338 113621 SH SOLE 113621 0 0 D AVX CORP NEW COM 002444107 748 48446 SH SOLE 48446 0 0 D ABBOTT LABS COM 002824100 2830 59065 SH SOLE 59065 0 0 D ALASKA AIR GROUP INC COM 011659109 449 7913 SH SOLE 7913 0 0 D ALCOA INC COM 013817101 1380 89665 SH SOLE 89665 0 0 D ALLEGHANY CORP DEL COM 017175100 822 2682 SH SOLE 2682 0 0 D ALLIED NEVADA GOLD CORP COM 019344100 400 15198 SH SOLE 15198 0 0 D ALTRIA GROUP INC COM 02209S103 2497 101413 SH SOLE 101413 0 0 D AMERICAN EXPRESS CO COM 025816109 253 5887 SH SOLE 5887 0 0 D AMERIPRISE FINL INC COM 03076C106 342 5941 SH SOLE 5941 0 0 D AMGEN INC COM 031162100 776 14127 SH SOLE 14127 0 0 D APPLE INC COM 037833100 6763 20966 SH SOLE 20966 0 0 D ARCHER DANIELS MIDLAND CO COM 039483102 216 7189 SH SOLE 7189 0 0 D ASHLAND INC NEW COM 044209104 770 15145 SH SOLE 15145 0 0 D ASSURANT INC COM 04621X108 561 14566 SH SOLE 14566 0 0 D AUTONATION INC COM 05329W102 1611 57138 SH SOLE 57138 0 0 D BOK FINL CORP COM NEW 05561Q201 807 15114 SH SOLE 15114 0 0 D BANK OF AMERICA CORPORATION COM 060505104 2309 173124 SH SOLE 173124 0 0 D BANK HAWAII CORP COM 062540109 638 13509 SH SOLE 13509 0 0 D BANK OF NEW YORK MELLON CORP COM 064058100 1503 49758 SH SOLE 49758 0 0 D BARD C R INC COM 067383109 612 6669 SH SOLE 6669 0 0 D BAXTER INTL INC COM 071813109 814 16088 SH SOLE 16088 0 0 D BECTON DICKINSON & CO COM 075887109 617 7298 SH SOLE 7298 0 0 D BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1801 22476 SH SOLE 22476 0 0 D BIOGEN IDEC INC COM 09062X103 1917 28598 SH SOLE 28598 0 0 D BOSTON PROPERTIES INC COM 101121101 259 3010 SH SOLE 3010 0 0 D BOSTON SCIENTIFIC CORP COM 101137107 338 44675 SH SOLE 44675 0 0 D BRINKER INTL INC COM 109641100 1403 67192 SH SOLE 67192 0 0 D BRISTOL MYERS SQUIBB CO COM 110122108 2011 75932 SH SOLE 75932 0 0 D CBS CORP NEW CL B 124857202 1356 71205 SH SOLE 71205 0 0 D CIT GROUP INC COM NEW 125581801 694 14726 SH SOLE 14726 0 0 D CVS CAREMARK CORPORATION COM 126650100 226 6496 SH SOLE 6496 0 0 D CABLEVISION SYS CORP CL A NY CABLVS 12686C109 796 23530 SH SOLE 23530 0 0 D CARLISLE COS INC COM 142339100 1171 29469 SH SOLE 29469 0 0 D CARNIVAL CORP PAIRED CTF 143658300 540 11716 SH SOLE 11716 0 0 D CELANESE CORP DEL COM SER A 150870103 1820 44198 SH SOLE 44198 0 0 D CHEVRON CORP NEW COM 166764100 5527 60572 SH SOLE 60572 0 0 D CHIPOTLE MEXICAN GRILL INC COM 169656105 397 1868 SH SOLE 1868 0 0 D CHUBB CORP COM 171232101 1059 17765 SH SOLE 17765 0 0 D CIMAREX ENERGY CO COM 171798101 689 7780 SH SOLE 7780 0 0 D CINCINNATI FINL CORP COM 172062101 824 26003 SH SOLE 26003 0 0 D CISCO SYS INC COM 17275R102 2192 108344 SH SOLE 108344 0 0 D CITIGROUP INC COM 172967101 1481 313062 SH SOLE 313062 0 0 D COCA COLA CO COM 191216100 3651 55511 SH SOLE 55511 0 0 D COCA COLA ENTERPRISES INC NE COM 19122T109 296 11835 SH SOLE 11835 0 0 D COMPUTER SCIENCES CORP COM 205363104 1167 23524 SH SOLE 23524 0 0 D COMPUWARE CORP COM 205638109 1273 109122 SH SOLE 109122 0 0 D CONAGRA FOODS INC COM 205887102 865 38287 SH SOLE 38287 0 0 D CONOCOPHILLIPS COM 20825C104 3794 55705 SH SOLE 55705 0 0 D CONSOLIDATED EDISON INC COM 209115104 1644 33164 SH SOLE 33164 0 0 D CONVERGYS CORP COM 212485106 211 16027 SH SOLE 16027 0 0 D CORELOGIC INC COM 21871D103 1039 56119 SH SOLE 56119 0 0 D CRANE CO COM 224399105 1408 34294 SH SOLE 34294 0 0 D DST SYS INC DEL COM 233326107 1332 30030 SH SOLE 30030 0 0 D DTE ENERGY CO COM 233331107 1005 22174 SH SOLE 22174 0 0 D DEAN FOODS CO NEW COM 242370104 416 47038 SH SOLE 47038 0 0 D DEL MONTE FOODS CO COM 24522P103 1606 85416 SH SOLE 85416 0 0 D DELL INC COM 24702R101 147 10831 SH SOLE 10831 0 0 D DEVON ENERGY CORP NEW COM 25179M103 2358 30038 SH SOLE 30038 0 0 D DISNEY WALT CO COM DISNEY 254687106 2992 79774 SH SOLE 79774 0 0 D DISCOVER FINL SVCS COM 254709108 613 33067 SH SOLE 33067 0 0 D DU PONT E I DE NEMOURS & CO COM 263534109 503 10085 SH SOLE 10085 0 0 D EDISON INTL COM 281020107 1410 36535 SH SOLE 36535 0 0 D EDWARDS LIFESCIENCES CORP COM 28176E108 896 11086 SH SOLE 11086 0 0 D ENTERGY CORP NEW COM 29364G103 1448 20446 SH SOLE 20446 0 0 D EXXON MOBIL CORP COM 30231G102 9800 134025 SH SOLE 134025 0 0 D FAIRCHILD SEMICONDUCTOR INTL COM 303726103 574 36793 SH SOLE 36793 0 0 D FIFTH THIRD BANCORP COM 316773100 191 13001 SH SOLE 13001 0 0 D FIRST CTZNS BANCSHARES INC N CL A 31946M103 683 3614 SH SOLE 3614 0 0 D FIRST HORIZON NATL CORP COM 320517105 640 54346 SH SOLE 54346 0 0 D FORD MTR CO DEL COM PAR $0.01 345370860 356 21224 SH SOLE 21224 0 0 D FORTUNE BRANDS INC COM 349631101 1800 29868 SH SOLE 29868 0 0 D FRONTIER COMMUNICATIONS CORP COM 35906A108 943 96951 SH SOLE 96951 0 0 D GATX CORP COM 361448103 377 10687 SH SOLE 10687 0 0 D GANNETT INC COM 364730101 337 22328 SH SOLE 22328 0 0 D GAP INC DEL COM 364760108 1125 50809 SH SOLE 50809 0 0 D GENERAL DYNAMICS CORP COM 369550108 664 9351 SH SOLE 9351 0 0 D GENERAL ELECTRIC CO COM 369604103 5799 317047 SH SOLE 317047 0 0 D GOLDMAN SACHS GROUP INC COM 38141G104 2967 17641 SH SOLE 17641 0 0 D GOOGLE INC CL A 38259P508 1725 2904 SH SOLE 2904 0 0 D GRACE W R & CO DEL NEW COM 38388F108 1633 46490 SH SOLE 46490 0 0 D HALLIBURTON CO COM 406216101 1685 41277 SH SOLE 41277 0 0 D HARSCO CORP COM 415864107 1214 42872 SH SOLE 42872 0 0 D HEALTHSOUTH CORP COM NEW 421924309 1425 68797 SH SOLE 68797 0 0 D HEWLETT PACKARD CO COM 428236103 1783 42343 SH SOLE 42343 0 0 D HOME DEPOT INC COM 437076102 1448 41287 SH SOLE 41287 0 0 D HONEYWELL INTL INC COM 438516106 252 4734 SH SOLE 4734 0 0 D HOST HOTELS & RESORTS INC COM 44107P104 984 55040 SH SOLE 55040 0 0 D IAC INTERACTIVECORP COM PAR $.001 44919P508 773 26919 SH SOLE 26919 0 0 D IDEXX LABS INC COM 45168D104 525 7591 SH SOLE 7591 0 0 D ILLUMINA INC COM 452327109 955 15081 SH SOLE 15081 0 0 D INGRAM MICRO INC CL A 457153104 800 41922 SH SOLE 41922 0 0 D INTEL CORP COM 458140100 1997 94955 SH SOLE 94955 0 0 D INTERNATIONAL BUSINESS MACHS COM 459200101 5594 38120 SH SOLE 38120 0 0 D INTERNATIONAL RECTIFIER CORP COM 460254105 1877 63226 SH SOLE 63226 0 0 D INTERNATIONAL SPEEDWAY CORP CL A 460335201 1001 38249 SH SOLE 38249 0 0 D INTERSIL CORP CL A 46069S109 977 63987 SH SOLE 63987 0 0 D INTUIT COM 461202103 866 17568 SH SOLE 17568 0 0 D JPMORGAN CHASE & CO COM 46625H100 3250 76626 SH SOLE 76626 0 0 D JOHNSON & JOHNSON COM 478160104 5003 80888 SH SOLE 80888 0 0 D KEYCORP NEW COM 493267108 417 47119 SH SOLE 47119 0 0 D KIMCO RLTY CORP COM 49446R109 677 37530 SH SOLE 37530 0 0 D KING PHARMACEUTICALS INC COM 495582108 289 20589 SH SOLE 20589 0 0 D KRAFT FOODS INC CL A 50075N104 1392 44163 SH SOLE 44163 0 0 D LEAR CORP COM NEW 521865204 1261 12775 SH SOLE 12775 0 0 D LEGGETT & PLATT INC COM 524660107 370 16253 SH SOLE 16253 0 0 D LEXMARK INTL NEW CL A 529771107 771 22139 SH SOLE 22139 0 0 D LIMITED BRANDS INC COM 532716107 1235 40202 SH SOLE 40202 0 0 D LOEWS CORP COM 540424108 1212 31159 SH SOLE 31159 0 0 D M & T BK CORP COM 55261F104 840 9649 SH SOLE 9649 0 0 D MACYS INC COM 55616P104 475 18787 SH SOLE 18787 0 0 D MARATHON OIL CORP COM 565849106 1474 39806 SH SOLE 39806 0 0 D MARSHALL & ILSLEY CORP NEW COM 571837103 252 36411 SH SOLE 36411 0 0 D MATTEL INC COM 577081102 210 8242 SH SOLE 8242 0 0 D MCDONALDS CORP COM 580135101 2239 29167 SH SOLE 29167 0 0 D MCKESSON CORP COM 58155Q103 1560 22160 SH SOLE 22160 0 0 D MEADWESTVACO CORP COM 583334107 1392 53197 SH SOLE 53197 0 0 D MERCK & CO INC NEW COM 58933Y105 3324 92228 SH SOLE 92228 0 0 D MERCURY GENL CORP NEW COM 589400100 238 5545 SH SOLE 5545 0 0 D MEREDITH CORP COM 589433101 991 28605 SH SOLE 28605 0 0 D METTLER TOLEDO INTERNATIONAL COM 592688105 907 6000 SH SOLE 6000 0 0 D MICROSOFT CORP COM 594918104 5138 184024 SH SOLE 184024 0 0 D MOHAWK INDS INC COM 608190104 768 13538 SH SOLE 13538 0 0 D MOLSON COORS BREWING CO CL B 60871R209 1526 30410 SH SOLE 30410 0 0 D MOODYS CORP COM 615369105 1096 41315 SH SOLE 41315 0 0 D MORGAN STANLEY COM NEW 617446448 1843 67743 SH SOLE 67743 0 0 D NCR CORP NEW COM 62886E108 779 50654 SH SOLE 50654 0 0 D NVR INC COM 62944T105 372 538 SH SOLE 538 0 0 D NATIONAL SEMICONDUCTOR CORP COM 637640103 823 59784 SH SOLE 59784 0 0 D NAVISTAR INTL CORP NEW COM 63934E108 1843 31832 SH SOLE 31832 0 0 D NEWFIELD EXPL CO COM 651290108 861 11946 SH SOLE 11946 0 0 D NEXTERA ENERGY INC COM 65339F101 1062 20432 SH SOLE 20432 0 0 D NICOR INC COM 654086107 1232 24687 SH SOLE 24687 0 0 D NISOURCE INC COM 65473P105 617 35043 SH SOLE 35043 0 0 D NORFOLK SOUTHERN CORP COM 655844108 931 14814 SH SOLE 14814 0 0 D NORTHEAST UTILS COM 664397106 790 24778 SH SOLE 24778 0 0 D NORTHROP GRUMMAN CORP COM 666807102 1163 17949 SH SOLE 17949 0 0 D NOVELLUS SYS INC COM 670008101 1118 34587 SH SOLE 34587 0 0 D NSTAR COM 67019E107 853 20229 SH SOLE 20229 0 0 D OCCIDENTAL PETE CORP DEL COM 674599105 295 3011 SH SOLE 3011 0 0 D OMNICARE INC COM 681904108 1063 41853 SH SOLE 41853 0 0 D ONEOK INC NEW COM 682680103 488 8795 SH SOLE 8795 0 0 D ORACLE CORP COM 68389X105 2036 65063 SH SOLE 65063 0 0 D OWENS CORNING NEW COM 690742101 404 12957 SH SOLE 12957 0 0 D PENNEY J C INC COM 708160106 1087 33631 SH SOLE 33631 0 0 D PEPSICO INC COM 713448108 1056 16163 SH SOLE 16163 0 0 D PERKINELMER INC COM 714046109 642 24870 SH SOLE 24870 0 0 D PFIZER INC COM 717081103 1855 105916 SH SOLE 105916 0 0 D PHILIP MORRIS INTL INC COM 718172109 2021 34530 SH SOLE 34530 0 0 D PITNEY BOWES INC COM 724479100 1150 47562 SH SOLE 47562 0 0 D PRECISION CASTPARTS CORP COM 740189105 799 5742 SH SOLE 5742 0 0 D PRICELINE COM INC COM NEW 741503403 1173 2935 SH SOLE 2935 0 0 D PRINCIPAL FINL GROUP INC COM 74251V102 1881 57759 SH SOLE 57759 0 0 D PROASSURANCE CORP COM 74267C106 808 13329 SH SOLE 13329 0 0 D PROCTER & GAMBLE CO COM 742718109 4651 72300 SH SOLE 72300 0 0 D QUALCOMM INC COM 747525103 332 6704 SH SOLE 6704 0 0 D RADIOSHACK CORP COM 750438103 900 48691 SH SOLE 48691 0 0 D RAYONIER INC COM 754907103 778 14807 SH SOLE 14807 0 0 D RELIANCE STEEL & ALUMINUM CO COM 759509102 1198 23436 SH SOLE 23436 0 0 D ROWAN COS INC COM 779382100 1567 44876 SH SOLE 44876 0 0 D RYDER SYS INC COM 783549108 569 10818 SH SOLE 10818 0 0 D SAFEWAY INC COM NEW 786514208 1586 70539 SH SOLE 70539 0 0 D SARA LEE CORP COM 803111103 993 56688 SH SOLE 56688 0 0 D SCHLUMBERGER LTD COM 806857108 773 9255 SH SOLE 9255 0 0 D SEALED AIR CORP NEW COM 81211K100 1560 61316 SH SOLE 61316 0 0 D SEARS HLDGS CORP COM 812350106 1463 19843 SH SOLE 19843 0 0 D SEMPRA ENERGY COM 816851109 1472 28054 SH SOLE 28054 0 0 D SERVICE CORP INTL COM 817565104 608 73717 SH SOLE 73717 0 0 D SMITH A O COM 831865209 1299 34119 SH SOLE 34119 0 0 D SPRINT NEXTEL CORP COM SER 1 852061100 277 65410 SH SOLE 65410 0 0 D STANCORP FINL GROUP INC COM 852891100 816 18067 SH SOLE 18067 0 0 D STATE STR CORP COM 857477103 1312 28312 SH SOLE 28312 0 0 D SUNTRUST BKS INC COM 867914103 1070 36245 SH SOLE 36245 0 0 D TECH DATA CORP COM 878237106 1052 23909 SH SOLE 23909 0 0 D TELEFLEX INC COM 879369106 666 12371 SH SOLE 12371 0 0 D TELEPHONE & DATA SYS INC COM 879433100 426 11659 SH SOLE 11659 0 0 D TELLABS INC COM 879664100 969 142936 SH SOLE 142936 0 0 D TEMPLE INLAND INC COM 879868107 386 18197 SH SOLE 18197 0 0 D TERADYNE INC COM 880770102 669 47673 SH SOLE 47673 0 0 D TEREX CORP NEW COM 880779103 1822 58705 SH SOLE 58705 0 0 D TEXAS INSTRS INC COM 882508104 1977 60842 SH SOLE 60842 0 0 D TIME WARNER INC COM NEW 887317303 2193 68181 SH SOLE 68181 0 0 D TOLL BROTHERS INC COM 889478103 326 17147 SH SOLE 17147 0 0 D TORCHMARK CORP COM 891027104 845 14144 SH SOLE 14144 0 0 D TRAVELERS COMPANIES INC COM 89417E109 1335 23965 SH SOLE 23965 0 0 D TYSON FOODS INC CL A 902494103 561 32561 SH SOLE 32561 0 0 D US BANCORP DEL COM NEW 902973304 481 17851 SH SOLE 17851 0 0 D U S G CORP COM NEW 903293405 534 31739 SH SOLE 31739 0 0 D UNION PAC CORP COM 907818108 1211 13068 SH SOLE 13068 0 0 D UNIT CORP COM 909218109 210 4508 SH SOLE 4508 0 0 D UNITED PARCEL SERVICE INC CL B 911312106 491 6765 SH SOLE 6765 0 0 D UNITED STATES STL CORP NEW COM 912909108 1410 24133 SH SOLE 24133 0 0 D UNITED TECHNOLOGIES CORP COM 913017109 2174 27617 SH SOLE 27617 0 0 D UNITEDHEALTH GROUP INC COM 91324P102 394 10921 SH SOLE 10921 0 0 D VERISIGN INC COM 92343E102 654 20022 SH SOLE 20022 0 0 D VERIZON COMMUNICATIONS INC COM 92343V104 1769 49442 SH SOLE 49442 0 0 D VISA INC COM CL A 92826C839 842 11970 SH SOLE 11970 0 0 D VISHAY INTERTECHNOLOGY INC COM 928298108 1826 124376 SH SOLE 124376 0 0 D VULCAN MATLS CO COM 929160109 902 20343 SH SOLE 20343 0 0 D WAL MART STORES INC COM 931142103 3161 58615 SH SOLE 58615 0 0 D WASTE MGMT INC DEL COM 94106L109 1743 47264 SH SOLE 47264 0 0 D WEBMD HEALTH CORP COM 94770V102 1019 19961 SH SOLE 19961 0 0 D WELLPOINT INC COM 94973V107 1835 32271 SH SOLE 32271 0 0 D WELLS FARGO & CO NEW COM 949746101 2548 82226 SH SOLE 82226 0 0 D WESCO INTL INC COM 95082P105 1802 34131 SH SOLE 34131 0 0 D WESTERN UN CO COM 959802109 464 24987 SH SOLE 24987 0 0 D WEYERHAEUSER CO COM 962166104 1306 69011 SH SOLE 69011 0 0 D WILLIAMS COS INC DEL COM 969457100 987 39930 SH SOLE 39930 0 0 D WYNDHAM WORLDWIDE CORP COM 98310W108 1560 52064 SH SOLE 52064 0 0 D XEROX CORP COM 984121103 1207 104785 SH SOLE 104785 0 0 D ZIONS BANCORPORATION COM 989701107 573 23628 SH SOLE 23628 0 0 S REPORT SUMMARY 221 DATA RECORDS 287768 00 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED