# COGNIOS BETA NEUTRAL LARGE CAP FUND, LP

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1538882. Source: https://holderbook.com/funds/1538882-cognios-beta-neutral-large-cap-fund-lp/

- Reported value: $76.7M
- Positions: 99
- Weight of the ten largest: 34.1%
- Filed: 2024-05-08

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.5M | 26,308 | 5.9% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.3M | 53,601 | 4.3% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.0M | 20,020 | 3.9% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.9M | 6,964 | 3.8% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.5M | 3,426 | 3.3% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 5,825 | 3.2% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.4M | 14,626 | 3.1% | 6 |
| GOLDEN BULL LTD | [BTBT](https://holderbook.com/stocks/BTBT/) | $1.7M | 72,000 | 2.3% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.7M | 13,730 | 2.2% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.6M | 8,569 | 2.1% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.5M | 2,960 | 2.0% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.4M | 1,809 | 1.8% | 6 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.3M | 14,866 | 1.7% | 6 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.2M | 10,346 | 1.5% | 6 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.2M | 16,480 | 1.5% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.1M | 4,590 | 1.5% | 6 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $1.1M | 8,086 | 1.5% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.0M | 24,981 | 1.4% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.0M | 6,585 | 1.4% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.0M | 20,281 | 1.3% | 6 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $731.5K | 2,014 | 1.0% | 6 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $721.7K | 10,314 | 0.9% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $664.4K | 1,343 | 0.9% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $657.8K | 5,659 | 0.9% | 6 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $657.5K | 7,544 | 0.9% | 6 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $647.6K | 1,353 | 0.8% | 6 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $646.7K | 6,323 | 0.8% | 6 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $623.7K | 6,808 | 0.8% | 6 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $622.8K | 4,815 | 0.8% | 6 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $586.3K | 13,442 | 0.8% | 6 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $584.1K | 1,284 | 0.8% | 6 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $574.2K | 1,656 | 0.7% | 6 |
| LEIDOS HOLDINGS INC | [LDOS](https://holderbook.com/stocks/LDOS/) | $570.2K | 4,350 | 0.7% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $557.5K | 4,225 | 0.7% | 6 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $556.7K | 2,908 | 0.7% | 6 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $554.2K | 1,349 | 0.7% | 6 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $553.8K | 2,598 | 0.7% | 6 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $551.1K | 4,925 | 0.7% | 5 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $550.4K | 1,936 | 0.7% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $548.3K | 3,011 | 0.7% | 6 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $544.2K | 1,302 | 0.7% | 6 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $542.4K | 1,920 | 0.7% | 6 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $539.0K | 560 | 0.7% | 6 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $537.1K | 6,844 | 0.7% | 6 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $535.8K | 170 | 0.7% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $533.4K | 3,048 | 0.7% | 6 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $531.4K | 6,918 | 0.7% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $527.9K | 29,997 | 0.7% | 6 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $527.3K | 5,055 | 0.7% | 6 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $525.2K | 4,829 | 0.7% | 6 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $525.0K | 5,997 | 0.7% | 6 |
| COTERRA ENERGY INC | [CTRA](https://holderbook.com/stocks/CTRA/) | $524.3K | 18,807 | 0.7% | 6 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $523.8K | 2,433 | 0.7% | 6 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $523.6K | 3,014 | 0.7% | 6 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $521.7K | 6,541 | 0.7% | 6 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $517.5K | 1,784 | 0.7% | 6 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $516.3K | 3,372 | 0.7% | 6 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $503.4K | 8,786 | 0.7% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $503.3K | 1,785 | 0.7% | 6 |
| THE CAMPBELLS COMPANY | [CPB](https://holderbook.com/stocks/CPB/) | $502.2K | 11,298 | 0.7% | 6 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $501.9K | 1,825 | 0.7% | 6 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $500.3K | 14,340 | 0.7% | 6 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $497.8K | 16,796 | 0.6% | 6 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $494.9K | 6,756 | 0.6% | 6 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $489.4K | 1,077 | 0.6% | 6 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $483.2K | 8,481 | 0.6% | 5 |
| LAMB WESTON HLDGS INC | [LW](https://holderbook.com/stocks/LW/) | $482.0K | 4,525 | 0.6% | 4 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $481.4K | 2,475 | 0.6% | 6 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $462.9K | 810 | 0.6% | 6 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $448.7K | 3,085 | 0.6% | 1 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $448.5K | 865 | 0.6% | 5 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $446.9K | 5,870 | 0.6% | 4 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $442.5K | 2,052 | 0.6% | 1 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $442.4K | 2,408 | 0.6% | 3 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $417.7K | 13,619 | 0.5% | 6 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $416.0K | 3,350 | 0.5% | 2 |
| ASSURANT INC | [AIZ](https://holderbook.com/stocks/AIZ/) | $412.6K | 2,192 | 0.5% | 2 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $410.5K | 4,441 | 0.5% | 2 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $410.3K | 2,072 | 0.5% | 3 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $408.2K | 1,027 | 0.5% | 1 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $406.6K | 1,966 | 0.5% | 1 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $406.4K | 4,584 | 0.5% | 2 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $405.6K | 6,074 | 0.5% | 2 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $404.5K | 3,607 | 0.5% | 1 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $404.2K | 1,560 | 0.5% | 1 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $403.4K | 3,817 | 0.5% | 2 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $403.1K | 8,194 | 0.5% | 1 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $403.0K | 14,571 | 0.5% | 2 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $402.0K | 3,382 | 0.5% | 2 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $399.7K | 3,013 | 0.5% | 2 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $399.6K | 7,434 | 0.5% | 1 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $399.1K | 1,693 | 0.5% | 1 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $373.5K | 7,022 | 0.5% | 6 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $355.5K | 5,997 | 0.5% | 1 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $328.1K | 1,729 | 0.4% | 1 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $295.3K | 550 | 0.4% | 6 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $219.3K | 878 | 0.3% | 6 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $205.8K | 2,327 | 0.3% | 6 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $200.6K | 1,200 | 0.3% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +7.3% | +10.0% | -2.8% | 97% |
| Q4 2023 | +6.9% | +11.2% | -4.3% | 100% |
| Q3 2023 | -3.7% | -3.6% | -0.1% | 100% |
| Q2 2023 | +2.8% | +8.3% | -5.4% | 101% |
| Q1 2023 | +0.5% | +7.0% | -6.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $76.7M | 99 |
| Q4 2023 | $76.7M | 95 |
| Q3 2023 | $77.2M | 99 |
| Q2 2023 | $86.1M | 97 |
| Q1 2023 | $105.1M | 113 |
| Q4 2022 | $208.4M | 113 |