13F-HR 1 usw1q11.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, 2011 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 3, 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: 214 Form 13F Information Table Value Total: $311,273(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 961 9689 SH SOLE 9689 0 0 D ACCENTURE PLC IRELAND SHS CLASS A G1151C101 538 9796 SH SOLE 9796 0 0 D CENTRAL EUROPEAN MEDIA ENTRP CL A NEW G20045202 1097 51987 SH SOLE 51987 0 0 D EVEREST RE GROUP LTD COM G3223R108 541 6136 SH SOLE 6136 0 0 D FRONTLINE LTD SHS G3682E127 286 11539 SH SOLE 11539 0 0 D HERBALIFE LTD COM USD SHS G4412G101 609 7485 SH SOLE 7485 0 0 D SIGNET JEWELERS LIMITED SHS G81276100 1242 26995 SH SOLE 26995 0 0 D TYCO INTERNATIONAL LTD SHS H89128104 1971 44025 SH SOLE 44025 0 0 D CORE LABORATORIES N V COM N22717107 1539 15062 SH SOLE 15062 0 0 D TEEKAY CORPORATION COM Y8564W103 1106 29945 SH SOLE 29945 0 0 D AMB PROPERTY CORP COM 00163T109 1281 35624 SH SOLE 35624 0 0 D AT&T INC COM 00206R102 3477 113621 SH SOLE 113621 0 0 D AVX CORP NEW COM 002444107 603 40463 SH SOLE 40463 0 0 D ABBOTT LABS COM 002824100 2897 59065 SH SOLE 59065 0 0 D ALASKA AIR GROUP INC COM 011659109 449 7073 SH SOLE 7073 0 0 D ALCOA INC COM 013817101 1583 89665 SH SOLE 89665 0 0 D ALLEGHANY CORP DEL COM 017175100 1682 5082 SH SOLE 5082 0 0 D ALLIED NEVADA GOLD CORP COM 019344100 539 15198 SH SOLE 15198 0 0 D ALTRIA GROUP INC COM 02209S103 2640 101413 SH SOLE 101413 0 0 D AMGEN INC COM 031162100 2537 47469 SH SOLE 47469 0 0 D APPLE INC COM 037833100 7636 21915 SH SOLE 21915 0 0 D ASSURANT INC COM 04621X108 561 14566 SH SOLE 14566 0 0 D AUTONATION INC COM 05329W102 1936 54749 SH SOLE 54749 0 0 D BOK FINL CORP COM NEW 05561Q201 606 11731 SH SOLE 11731 0 0 D BANK OF AMERICA CORPORATION COM 060505104 2311 173342 SH SOLE 173342 0 0 D BANK HAWAII CORP COM 062540109 818 17106 SH SOLE 17106 0 0 D BANK OF NEW YORK MELLON CORP COM 064058100 763 25558 SH SOLE 25558 0 0 D BARD C R INC COM 067383109 662 6669 SH SOLE 6669 0 0 D BAXTER INTL INC COM 071813109 865 16088 SH SOLE 16088 0 0 D BECTON DICKINSON & CO COM 075887109 581 7298 SH SOLE 7298 0 0 D BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1696 20281 SH SOLE 20281 0 0 D BIOGEN IDEC INC COM 09062X103 2009 27376 SH SOLE 27376 0 0 D BOSTON SCIENTIFIC CORP COM 101137107 321 44675 SH SOLE 44675 0 0 D BRINKER INTL INC COM 109641100 1759 69531 SH SOLE 69531 0 0 D BRISTOL MYERS SQUIBB CO COM 110122108 2007 75932 SH SOLE 75932 0 0 D CBS CORP NEW CL B 124857202 1152 45991 SH SOLE 45991 0 0 D CIT GROUP INC COM NEW 125581801 831 19540 SH SOLE 19540 0 0 D CABLEVISION SYS CORP CL A NY CABLVS 12686C109 282 8153 SH SOLE 8153 0 0 D CAPITAL ONE FINL CORP COM 14040H105 2225 42812 SH SOLE 42812 0 0 D CELANESE CORP DEL COM SER A 150870103 1707 38475 SH SOLE 38475 0 0 D CHEVRON CORP NEW COM 166764100 6586 61307 SH SOLE 61307 0 0 D CHIPOTLE MEXICAN GRILL INC COM 169656105 402 1476 SH SOLE 1476 0 0 D CHUBB CORP COM 171232101 1089 17765 SH SOLE 17765 0 0 D CIMAREX ENERGY CO COM 171798101 897 7780 SH SOLE 7780 0 0 D CINCINNATI FINL CORP COM 172062101 870 26523 SH SOLE 26523 0 0 D CISCO SYS INC COM 17275R102 1858 108344 SH SOLE 108344 0 0 D CINTAS CORP COM 172908105 746 24655 SH SOLE 24655 0 0 D CITIGROUP INC COM 172967101 1438 325242 SH SOLE 325242 0 0 D COCA COLA CO COM 191216100 3351 50503 SH SOLE 50503 0 0 D COCA COLA ENTERPRISES INC NE COM 19122T109 1898 69527 SH SOLE 69527 0 0 D COMMERCE BANCSHARES INC COM 200525103 672 16620 SH SOLE 16620 0 0 D COMPUTER SCIENCES CORP COM 205363104 1138 23349 SH SOLE 23349 0 0 D COMPUWARE CORP COM 205638109 1071 92697 SH SOLE 92697 0 0 D CONAGRA FOODS INC COM 205887102 1791 75402 SH SOLE 75402 0 0 D CONOCOPHILLIPS COM 20825C104 4428 55445 SH SOLE 55445 0 0 D CONSOLIDATED EDISON INC COM 209115104 1682 33164 SH SOLE 33164 0 0 D CONSTELLATION BRANDS INC CL A 21036P108 1120 55210 SH SOLE 55210 0 0 D CONVERGYS CORP COM 212485106 230 16027 SH SOLE 16027 0 0 D CORELOGIC INC COM 21871D103 1421 76818 SH SOLE 76818 0 0 D CRANE CO COM 224399105 1773 36610 SH SOLE 36610 0 0 D DST SYS INC DEL COM 233326107 1787 33839 SH SOLE 33839 0 0 D DTE ENERGY CO COM 233331107 1086 22174 SH SOLE 22174 0 0 D DEAN FOODS CO NEW COM 242370104 470 47038 SH SOLE 47038 0 0 D DELL INC COM 24702R101 157 10831 SH SOLE 10831 0 0 D DEVON ENERGY CORP NEW COM 25179M103 415 4524 SH SOLE 4524 0 0 D DISNEY WALT CO COM DISNEY 254687106 3437 79774 SH SOLE 79774 0 0 D DISCOVER FINL SVCS COM 254709108 798 33067 SH SOLE 33067 0 0 D DU PONT E I DE NEMOURS & CO COM 263534109 554 10085 SH SOLE 10085 0 0 D EDISON INTL COM 281020107 1337 36535 SH SOLE 36535 0 0 D ENTERGY CORP NEW COM 29364G103 1659 24688 SH SOLE 24688 0 0 D EXPRESS SCRIPTS INC COM 302182100 340 6123 SH SOLE 6123 0 0 D EXXON MOBIL CORP COM 30231G102 11268 133936 SH SOLE 133936 0 0 D FMC TECHNOLOGIES INC COM 30249U101 552 5846 SH SOLE 5846 0 0 D FAIRCHILD SEMICONDUCTOR INTL COM 303726103 670 36793 SH SOLE 36793 0 0 D F5 NETWORKS INC COM 315616102 276 2687 SH SOLE 2687 0 0 D FIFTH THIRD BANCORP COM 316773100 180 13001 SH SOLE 13001 0 0 D FIRST CTZNS BANCSHARES INC N CL A 31946M103 805 4013 SH SOLE 4013 0 0 D FIRST HORIZON NATL CORP COM 320517105 586 52303 SH SOLE 52303 0 0 D FORD MTR CO DEL COM PAR $0.01 345370860 1160 77805 SH SOLE 77805 0 0 D GATX CORP COM 361448103 1757 45445 SH SOLE 45445 0 0 D GANNETT INC COM 364730101 340 22328 SH SOLE 22328 0 0 D GAP INC DEL COM 364760108 1151 50809 SH SOLE 50809 0 0 D GENERAL ELECTRIC CO COM 369604103 6414 319907 SH SOLE 319907 0 0 D GOLDMAN SACHS GROUP INC COM 38141G104 2792 17620 SH SOLE 17620 0 0 D GOOGLE INC CL A 38259P508 4613 7869 SH SOLE 7869 0 0 D GRACE W R & CO DEL NEW COM 38388F108 1550 40468 SH SOLE 40468 0 0 D HALLIBURTON CO COM 406216101 2057 41277 SH SOLE 41277 0 0 D HARSCO CORP COM 415864107 1797 50917 SH SOLE 50917 0 0 D HEALTHSOUTH CORP COM NEW 421924309 1719 68797 SH SOLE 68797 0 0 D HEWLETT PACKARD CO COM 428236103 1331 32488 SH SOLE 32488 0 0 D HONEYWELL INTL INC COM 438516106 283 4734 SH SOLE 4734 0 0 D HOST HOTELS & RESORTS INC COM 44107P104 1688 95845 SH SOLE 95845 0 0 D IAC INTERACTIVECORP COM PAR $.001 44919P508 821 26589 SH SOLE 26589 0 0 D ILLUMINA INC COM 452327109 1770 25255 SH SOLE 25255 0 0 D INGRAM MICRO INC CL A 457153104 892 42431 SH SOLE 42431 0 0 D INTEL CORP COM 458140100 1915 94955 SH SOLE 94955 0 0 D INTERNATIONAL BUSINESS MACHS COM 459200101 6216 38120 SH SOLE 38120 0 0 D INTERNATIONAL RECTIFIER CORP COM 460254105 1682 50877 SH SOLE 50877 0 0 D INTERNATIONAL SPEEDWAY CORP CL A 460335201 1140 38249 SH SOLE 38249 0 0 D INTUIT COM 461202103 798 15026 SH SOLE 15026 0 0 D JPMORGAN CHASE & CO COM 46625H100 5680 123200 SH SOLE 123200 0 0 D JOHNSON & JOHNSON COM 478160104 4793 80888 SH SOLE 80888 0 0 D KEYCORP NEW COM 493267108 418 47119 SH SOLE 47119 0 0 D KIMCO RLTY CORP COM 49446R109 688 37530 SH SOLE 37530 0 0 D KRAFT FOODS INC CL A 50075N104 214 6817 SH SOLE 6817 0 0 D LEAR CORP COM NEW 521865204 1065 21788 SH SOLE 21788 0 0 D LEGGETT & PLATT INC COM 524660107 398 16253 SH SOLE 16253 0 0 D LEXMARK INTL NEW CL A 529771107 1164 31413 SH SOLE 31413 0 0 D LIMITED BRANDS INC COM 532716107 1384 42088 SH SOLE 42088 0 0 D LOEWS CORP COM 540424108 1420 32955 SH SOLE 32955 0 0 D LOWES COS INC COM 548661107 2485 94032 SH SOLE 94032 0 0 D M & T BK CORP COM 55261F104 749 8465 SH SOLE 8465 0 0 D MACYS INC COM 55616P104 456 18787 SH SOLE 18787 0 0 D MARATHON OIL CORP COM 565849106 2122 39806 SH SOLE 39806 0 0 D MATTEL INC COM 577081102 205 8242 SH SOLE 8242 0 0 D MCDONALDS CORP COM 580135101 2219 29167 SH SOLE 29167 0 0 D MCKESSON CORP COM 58155Q103 1752 22160 SH SOLE 22160 0 0 D MEADWESTVACO CORP COM 583334107 1765 58179 SH SOLE 58179 0 0 D MERCK & CO INC NEW COM 58933Y105 3044 92228 SH SOLE 92228 0 0 D MERCURY GENL CORP NEW COM 589400100 217 5545 SH SOLE 5545 0 0 D MEREDITH CORP COM 589433101 721 21264 SH SOLE 21264 0 0 D METTLER TOLEDO INTERNATIONAL COM 592688105 994 5777 SH SOLE 5777 0 0 D MICROSOFT CORP COM 594918104 4667 184024 SH SOLE 184024 0 0 D MOHAWK INDS INC COM 608190104 828 13538 SH SOLE 13538 0 0 D MOLSON COORS BREWING CO CL B 60871R209 1599 34109 SH SOLE 34109 0 0 D MORGAN STANLEY COM NEW 617446448 1851 67743 SH SOLE 67743 0 0 D NCR CORP NEW COM 62886E108 954 50654 SH SOLE 50654 0 0 D NATIONAL SEMICONDUCTOR CORP COM 637640103 954 66516 SH SOLE 66516 0 0 D NAVISTAR INTL CORP NEW COM 63934E108 1831 26407 SH SOLE 26407 0 0 D NEWFIELD EXPL CO COM 651290108 908 11946 SH SOLE 11946 0 0 D NEWMONT MINING CORP COM 651639106 732 13420 SH SOLE 13420 0 0 D NEXTERA ENERGY INC COM 65339F101 2074 37626 SH SOLE 37626 0 0 D NISOURCE INC COM 65473P105 672 35043 SH SOLE 35043 0 0 D NORFOLK SOUTHERN CORP COM 655844108 823 11876 SH SOLE 11876 0 0 D NORTHEAST UTILS COM 664397106 857 24778 SH SOLE 24778 0 0 D NORTHROP GRUMMAN CORP COM 666807102 1786 28488 SH SOLE 28488 0 0 D NOVELLUS SYS INC COM 670008101 1284 34587 SH SOLE 34587 0 0 D OCCIDENTAL PETE CORP DEL COM 674599105 771 7380 SH SOLE 7380 0 0 D ORACLE CORP COM 68389X105 2171 65063 SH SOLE 65063 0 0 D OWENS CORNING NEW COM 690742101 466 12957 SH SOLE 12957 0 0 D PENNEY J C INC COM 708160106 1208 33631 SH SOLE 33631 0 0 D PEPSICO INC COM 713448108 897 13931 SH SOLE 13931 0 0 D PERKINELMER INC COM 714046109 653 24870 SH SOLE 24870 0 0 D PFIZER INC COM 717081103 2151 105916 SH SOLE 105916 0 0 D PHILIP MORRIS INTL INC COM 718172109 1254 19113 SH SOLE 19113 0 0 D PITNEY BOWES INC COM 724479100 1238 48186 SH SOLE 48186 0 0 D PRAXAIR INC COM 74005P104 1014 9977 SH SOLE 9977 0 0 D PRECISION CASTPARTS CORP COM 740189105 587 3988 SH SOLE 3988 0 0 D PRINCIPAL FINL GROUP INC COM 74251V102 1694 52760 SH SOLE 52760 0 0 D PROCTER & GAMBLE CO COM 742718109 4454 72300 SH SOLE 72300 0 0 D PROGRESS ENERGY INC COM 743263105 444 9620 SH SOLE 9620 0 0 D QUALCOMM INC COM 747525103 452 8239 SH SOLE 8239 0 0 D RADIOSHACK CORP COM 750438103 731 48691 SH SOLE 48691 0 0 D RELIANCE STEEL & ALUMINUM CO COM 759509102 1234 21359 SH SOLE 21359 0 0 D ROWAN COS INC COM 779382100 2092 47345 SH SOLE 47345 0 0 D RYDER SYS INC COM 783549108 556 10990 SH SOLE 10990 0 0 D SAFEWAY INC COM NEW 786514208 1853 78704 SH SOLE 78704 0 0 D SARA LEE CORP COM 803111103 1002 56688 SH SOLE 56688 0 0 D SCHLUMBERGER LTD COM 806857108 1631 17485 SH SOLE 17485 0 0 D SEALED AIR CORP NEW COM 81211K100 1616 60607 SH SOLE 60607 0 0 D SEARS HLDGS CORP COM 812350106 1826 22089 SH SOLE 22089 0 0 D SEMPRA ENERGY COM 816851109 1501 28054 SH SOLE 28054 0 0 D SERVICE CORP INTL COM 817565104 815 73717 SH SOLE 73717 0 0 D SMITH A O COM 831865209 475 10713 SH SOLE 10713 0 0 D SMITHFIELD FOODS INC COM 832248108 1905 79191 SH SOLE 79191 0 0 D SOUTHERN UN CO NEW COM 844030106 303 10578 SH SOLE 10578 0 0 D SPRINT NEXTEL CORP COM SER 1 852061100 303 65410 SH SOLE 65410 0 0 D STANCORP FINL GROUP INC COM 852891100 784 17004 SH SOLE 17004 0 0 D STATE STR CORP COM 857477103 1219 27122 SH SOLE 27122 0 0 D SUNTRUST BKS INC COM 867914103 1064 36894 SH SOLE 36894 0 0 D TECH DATA CORP COM 878237106 1247 24517 SH SOLE 24517 0 0 D TELEFLEX INC COM 879369106 844 14552 SH SOLE 14552 0 0 D TELEPHONE & DATA SYS INC COM 879433100 405 12025 SH SOLE 12025 0 0 D TELLABS INC COM 879664100 749 142936 SH SOLE 142936 0 0 D TEMPLE INLAND INC COM 879868107 426 18197 SH SOLE 18197 0 0 D TERADYNE INC COM 880770102 849 47673 SH SOLE 47673 0 0 D TEREX CORP NEW COM 880779103 1989 53712 SH SOLE 53712 0 0 D TEXAS INSTRS INC COM 882508104 2025 58596 SH SOLE 58596 0 0 D TIME WARNER INC COM NEW 887317303 2499 69991 SH SOLE 69991 0 0 D TORCHMARK CORP COM 891027104 924 13902 SH SOLE 13902 0 0 D TOTAL SYS SVCS INC COM 891906109 582 32307 SH SOLE 32307 0 0 D TRAVELERS COMPANIES INC COM 89417E109 1425 23965 SH SOLE 23965 0 0 D TRINITY INDS INC COM 896522109 1498 40840 SH SOLE 40840 0 0 D TYSON FOODS INC CL A 902494103 625 32561 SH SOLE 32561 0 0 D US BANCORP DEL COM NEW 902973304 472 17851 SH SOLE 17851 0 0 D U S G CORP COM NEW 903293405 529 31739 SH SOLE 31739 0 0 D UNION PAC CORP COM 907818108 1285 13068 SH SOLE 13068 0 0 D UNIT CORP COM 909218109 876 14148 SH SOLE 14148 0 0 D UNITED PARCEL SERVICE INC CL B 911312106 503 6765 SH SOLE 6765 0 0 D UNITED STATES CELLULAR CORP COM 911684108 1486 28857 SH SOLE 28857 0 0 D UNITED TECHNOLOGIES CORP COM 913017109 2338 27617 SH SOLE 27617 0 0 D UNITEDHEALTH GROUP INC COM 91324P102 494 10921 SH SOLE 10921 0 0 D UNUM GROUP COM 91529Y106 521 19843 SH SOLE 19843 0 0 D VARIAN MED SYS INC COM 92220P105 613 9060 SH SOLE 9060 0 0 D VERISIGN INC COM 92343E102 725 20022 SH SOLE 20022 0 0 D VERIZON COMMUNICATIONS INC COM 92343V104 1905 49442 SH SOLE 49442 0 0 D VISHAY INTERTECHNOLOGY INC COM 928298108 1751 98694 SH SOLE 98694 0 0 D VULCAN MATLS CO COM 929160109 928 20343 SH SOLE 20343 0 0 D WAL MART STORES INC COM 931142103 2104 40426 SH SOLE 40426 0 0 D WASHINGTON POST CO CL B 939640108 1517 3467 SH SOLE 3467 0 0 D WASTE MGMT INC DEL COM 94106L109 1930 51680 SH SOLE 51680 0 0 D WEBMD HEALTH CORP COM 94770V102 1066 19961 SH SOLE 19961 0 0 D WELLPOINT INC COM 94973V107 2333 33431 SH SOLE 33431 0 0 D WELLS FARGO & CO NEW COM 949746101 2719 85770 SH SOLE 85770 0 0 D WESCO INTL INC COM 95082P105 219 3504 SH SOLE 3504 0 0 D WESTERN UN CO COM 959802109 519 24987 SH SOLE 24987 0 0 D WEYERHAEUSER CO COM 962166104 1534 62339 SH SOLE 62339 0 0 D WHIRLPOOL CORP COM 963320106 1587 18588 SH SOLE 18588 0 0 D WILLIAMS COS INC DEL COM 969457100 1245 39930 SH SOLE 39930 0 0 D WISCONSIN ENERGY CORP COM 976657106 1244 40772 SH SOLE 40772 0 0 D WYNDHAM WORLDWIDE CORP COM 98310W108 1705 53611 SH SOLE 53611 0 0 D XEROX CORP COM 984121103 1116 104785 SH SOLE 104785 0 0 D ZIMMER HLDGS INC COM 98956P102 210 3468 SH SOLE 3468 0 0 D ZIONS BANCORPORATION COM 989701107 545 23628 SH SOLE 23628 0 0 S REPORT SUMMARY 214 DATA RECORDS 311273 00 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED