Cognios Beta Neutral Large Cap Fund, LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Cognios Beta Neutral Large Cap Fund, LP reported 99 stock positions worth $76.7 million. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by Coca-Cola (KO, 4.3%) and Alphabet Class A (GOOGL, 3.9%). Compared with Q4 2023, it opened 12 new positions, sold out of 8, added to 2 and reduced 67. The biggest buy was a new position in M & T Bank (MTB) and the biggest sale an exit from Loews (L).

Most Recent 13F
Q1 2024
Location
PRAIRIE VILLAGE, KS
CIK
0001538882
Portfolio Value
$76.7M (Q1 2024)
SEC Filing
0001538882-24-000002 ↗ filed May 8, 2024

Holdings 99 stocks · $76.7M
AAPL Apple Inc. 5.88% 26,308 $4.5M No change
KO The Coca-Cola Co. 4.27% 53,601 $3.3M Reduce -1.7%
GOOGL Alphabet Inc. Class A 3.94% 20,020 $3.0M No change
BRK.B Berkshire Hathaway Inc. Class B 3.82% 6,964 $2.9M Reduce -12.7%
COST Costco Wholesale Corp. 3.27% 3,426 $2.5M Reduce -15.2%
MSFT Microsoft Corp. 3.19% 5,825 $2.5M No change
PG The Procter & Gamble Co. 3.09% 14,626 $2.4M Reduce -3.5%
GOLDEN BULL LTD filed as DROPBOX INC - CLASS A 2.28% 72,000 $1.7M No change
ORCL Oracle Corp. 2.25% 13,730 $1.7M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.13% 8,569 $1.6M Reduce -7.3%
SPY SS SPDR S&P 500 ETF Trust-US 2.02% 2,960 $1.5M No change
LLY Eli Lilly & Co. 1.83% 1,809 $1.4M No change
CL Colgate-Palmolive Co. 1.74% 14,866 $1.3M Reduce -7.3%
EMR Emerson Electric Co. 1.53% 10,346 $1.2M No change
MDLZ Mondelez International Inc. Class A 1.50% 16,480 $1.2M No change
UNP Union Pacific Corp. 1.47% 4,590 $1.1M No change
DVA Davita Inc. 1.45% 8,086 $1.1M No change
VZ Verizon Communications Inc. 1.37% 24,981 $1.0M Reduce -6.0%
JNJ Johnson & Johnson 1.36% 6,585 $1.0M Reduce -3.4%
CSCO Cisco Systems Inc. 1.32% 20,281 $1.0M No change
CI The Cigna Group 0.95% 2,014 $731K Reduce -20.4%
GIS General Mills Inc. 0.94% 10,314 $722K Reduce -7.6%
UNH Unitedhealth Group Inc. 0.87% 1,343 $664K Reduce -0.4%
XOM Exxon Mobil Corp. 0.86% 5,659 $658K No change
MDT Medtronic PLC 0.86% 7,544 $657K No change
NOC Northrop Grumman Corp. 0.84% 1,353 $648K Reduce -0.2%
LYB Lyondellbasell Indu Class A 0.84% 6,323 $647K No change
PM Philip Morris International 0.81% 6,808 $624K Reduce -6.4%
KMB Kimberly-Clark Corp. 0.81% 4,815 $623K Reduce -8.1%
MO Altria Group Inc. 0.76% 13,442 $586K Reduce -8.4%
LMT Lockheed Martin Corp. 0.76% 1,284 $584K Reduce -6.4%
HUM Humana Inc. 0.75% 1,656 $574K Add +14.6%
LDOS Leidos Holdings Inc. 0.74% 4,350 $570K Reduce -17.2%
MRK Merck & Co. Inc. 0.73% 4,225 $557K Reduce -18.3%
RSG Republic Services Inc. 0.73% 2,908 $557K Reduce -18.5%
MOH Molina Healthcare Inc. 0.72% 1,349 $554K Reduce -16.4%
WM Waste Management Inc. 0.72% 2,598 $554K Reduce -20.1%
CAH Cardinal Health Inc. 0.72% 4,925 $551K Reduce -12.5%
AMGN Amgen Inc. 0.72% 1,936 $550K Reduce -9.3%
ABBV Abbvie Inc. 0.71% 3,011 $548K Reduce -19.5%
VRTX Vertex Pharmaceuticals Inc. 0.71% 1,302 $544K Reduce -18.0%
GD General Dynamics Corp. 0.71% 1,920 $542K Reduce -9.1%
REGN Regeneron Pharmaceuticals 0.70% 560 $539K Reduce -17.4%
CNC Centene Corp. 0.70% 6,844 $537K Reduce -9.5%
AZO AutoZone Inc. 0.70% 170 $536K Reduce -18.7%
PEP Pepsico Inc. 0.70% 3,048 $533K Reduce -8.9%
MKC McCormick & Co.-Non VTG SHRS 0.69% 6,918 $531K Reduce -10.7%
T AT&T Inc. 0.69% 29,997 $528K Reduce -7.7%
CHD Church & Dwight Co. Inc. 0.69% 5,055 $527K Reduce -15.6%
AKAM Akamai Technologies Inc. 0.68% 4,829 $525K Reduce -6.0%
BRO Brown & Brown Inc. 0.68% 5,997 $525K Reduce -23.8%
CTRA Coterra Energy Inc. 0.68% 18,807 $524K Reduce -13.0%
CME Cme Group Inc. 0.68% 2,433 $524K Reduce -9.0%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.68% 3,014 $524K Reduce -9.3%
CVS CVS Health Corp. 0.68% 6,541 $522K Reduce -11.5%
PSA Public Storage 0.67% 1,784 $517K Reduce -10.3%
CLX Clorox Company 0.67% 3,372 $516K Reduce -10.6%
K Kellanova 0.66% 8,786 $503K Reduce -8.4%
MCD McDonald's Corp. 0.66% 1,785 $503K Reduce -7.5%
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.65% 11,298 $502K Reduce -8.0%
WTW Willis Towers Watson PLC 0.65% 1,825 $502K Reduce -21.4%
HRL Hormel Foods Corp. 0.65% 14,340 $500K Reduce -11.7%
CAG Conagra Brands Inc. 0.65% 16,796 $498K Reduce -6.3%
GILD Gilead Sciences Inc. 0.64% 6,756 $495K Reduce -2.0%
FDS Factset Research Systems Inc. 0.64% 1,077 $489K Reduce -6.8%
INCY Incyte Corp. 0.63% 8,481 $483K Reduce -9.0%
LW Lamb Weston Holdings Inc. 0.63% 4,525 $482K Reduce -3.5%
HSY The Hershey Co. 0.63% 2,475 $481K Reduce -9.6%
SNPS Synopsys Inc. 0.60% 810 $463K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.58% 3,085 $449K New
ELV Elevance Health Inc. 0.58% 865 $449K Reduce -13.9%
CHRW C.H. Robinson Worldwide Inc. 0.58% 5,870 $447K Add +0.6%
BIIB Biogen Inc. 0.58% 2,052 $442K New
CBOE Cboe Global Markets Inc. 0.58% 2,408 $442K Reduce -2.7%
KDP Keurig Dr Pepper Inc. 0.54% 13,619 $418K No change
CINF Cincinnati Financial Corp. 0.54% 3,350 $416K Reduce -13.9%
AIZ Assurant Inc. 0.54% 2,192 $413K Reduce -16.4%
ACGL Arch Capital Group Ltd. 0.54% 4,441 $411K Reduce -11.5%
RMD Resmed Inc. 0.53% 2,072 $410K Reduce -14.1%
EG Everest Group Ltd. 0.53% 1,027 $408K New
PGR Progressive Corp. 0.53% 1,966 $407K New
VLTO Veralto Corp. 0.53% 4,584 $406K Reduce -14.7%
PEG Public Service Enterprise GP 0.53% 6,074 $406K Reduce -3.9%
DTE DTE Energy Company 0.53% 3,607 $404K New
CB Chubb Ltd. 0.53% 1,560 $404K New
ETR Entergy Corp. 0.53% 3,817 $403K Reduce -3.2%
D Dominion Energy Inc. 0.53% 8,194 $403K New
NI Nisource Inc. 0.53% 14,571 $403K Reduce -3.5%
ATO Atmos Energy Corp. 0.52% 3,382 $402K Reduce -2.8%
EA Electronic Arts Inc. 0.52% 3,013 $400K Reduce -13.9%
XEL Xcel Energy Inc. 0.52% 7,434 $400K New
VRSK Verisk Analytics Inc. 0.52% 1,693 $399K New
CBSH Commerce Bancshares Inc. 0.49% 7,022 $374K No change
MNST Monster Beverage Corp. 0.46% 5,997 $356K New
PKG Packaging Corp. of America 0.43% 1,729 $328K New
MCK McKesson Corp. 0.38% 550 $295K Reduce -2.8%
DHR Danaher Corp. 0.29% 878 $219K Reduce -15.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.27% 2,327 $206K Reduce -68.5%
DRI Darden Restaurants Inc. 0.26% 1,200 $201K New

Portfolio Sells Q4 2023 → Q1 2024
L Loews Corp. Sold out 0.00% −0.70
PFE Pfizer Inc. Sold out 0.00% −0.68
TSCO Tractor Supply Company Sold out 0.00% −0.63
FOXA Fox Corp. Class A Sold out 0.00% −0.61
HIG Hartford Insurance Group Inc. Sold out 0.00% −0.60
SJM The JM Smucker Co. Sold out 0.00% −0.56
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.55
LKQ LKQ Corp. Sold out 0.00% −0.49
WRB WR Berkley Corp. Reduce -68.5% 0.27% −0.41
COST Costco Wholesale Corp. Reduce -15.2% 3.27% −0.21
VRTX Vertex Pharmaceuticals Inc. Reduce -18.0% 0.71% −0.13
INCY Incyte Corp. Reduce -9.0% 0.63% −0.13
PSA Public Storage Reduce -10.3% 0.67% −0.12
AKAM Akamai Technologies Inc. Reduce -6.0% 0.68% −0.11
EA Electronic Arts Inc. Reduce -13.9% 0.52% −0.10
MCD McDonald's Corp. Reduce -7.5% 0.66% −0.09
AMGN Amgen Inc. Reduce -9.3% 0.72% −0.08
GILD Gilead Sciences Inc. Reduce -2.0% 0.64% −0.08
CVS CVS Health Corp. Reduce -11.5% 0.68% −0.08
FDS Factset Research Systems Inc. Reduce -6.8% 0.64% −0.08
PM Philip Morris International Reduce -6.4% 0.81% −0.08
WTW Willis Towers Watson PLC Reduce -21.4% 0.65% −0.08
REGN Regeneron Pharmaceuticals Reduce -17.4% 0.70% −0.07
UNH Unitedhealth Group Inc. Reduce -0.4% 0.87% −0.06
CME Cme Group Inc. Reduce -9.0% 0.68% −0.05
CHD Church & Dwight Co. Inc. Reduce -15.6% 0.69% −0.05
LMT Lockheed Martin Corp. Reduce -6.4% 0.76% −0.05
VLTO Veralto Corp. Reduce -14.7% 0.53% −0.05
PEP Pepsico Inc. Reduce -8.9% 0.70% −0.05
BRO Brown & Brown Inc. Reduce -23.8% 0.68% −0.05
K Kellanova Reduce -8.4% 0.66% −0.04
RSG Republic Services Inc. Reduce -18.5% 0.73% −0.04
ABBV Abbvie Inc. Reduce -19.5% 0.71% −0.04
AIZ Assurant Inc. Reduce -16.4% 0.54% −0.04
HSY The Hershey Co. Reduce -9.6% 0.63% −0.04
CPB The Campbell's Company Reduce -8.0% 0.65% −0.04
MOH Molina Healthcare Inc. Reduce -16.4% 0.72% −0.04
WM Waste Management Inc. Reduce -20.1% 0.72% −0.04
CTRA Coterra Energy Inc. Reduce -13.0% 0.68% −0.04
JNJ Johnson & Johnson Reduce -3.4% 1.36% −0.04
CI The Cigna Group Reduce -20.4% 0.95% −0.04
ELV Elevance Health Inc. Reduce -13.9% 0.58% −0.03
LW Lamb Weston Holdings Inc. Reduce -3.5% 0.63% −0.03
CNC Centene Corp. Reduce -9.5% 0.70% −0.03
CLX Clorox Company Reduce -10.6% 0.67% −0.03
DHR Danaher Corp. Reduce -15.6% 0.29% −0.03
HRL Hormel Foods Corp. Reduce -11.7% 0.65% −0.03
JKHY Jack Henry & Associates Inc. Reduce -9.3% 0.68% −0.03
T AT&T Inc. Reduce -7.7% 0.69% −0.02
CAH Cardinal Health Inc. Reduce -12.5% 0.72% −0.02

Portfolio Buys Q4 2023 → Q1 2024
MTB M & T Bank Corp. New 0.58% +0.58
BIIB Biogen Inc. New 0.58% +0.58
EG Everest Group Ltd. New 0.53% +0.53
PGR Progressive Corp. New 0.53% +0.53
DTE DTE Energy Company New 0.53% +0.53
CB Chubb Ltd. New 0.53% +0.53
D Dominion Energy Inc. New 0.53% +0.53
XEL Xcel Energy Inc. New 0.52% +0.52
VRSK Verisk Analytics Inc. New 0.52% +0.52
MNST Monster Beverage Corp. New 0.46% +0.46
PKG Packaging Corp. of America New 0.43% +0.43
DRI Darden Restaurants Inc. New 0.26% +0.26
CHRW C.H. Robinson Worldwide Inc. Add +0.6% 0.58% −0.07
HUM Humana Inc. Add +14.6% 0.75% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2024 99$76.7MAAPL, KO, GOOGL, BRK.B, COST