COGNIOS BETA NEUTRAL LARGE CAP FUND, LP

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CIK 1538882

13F portfolio (2024-Q1)

$77M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2023-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2024-Q1)

Holdings

Top 5

21.2%

Top 10

34.1%

Effective N

53.6

HHI

0.019

This quarter

12 new · 0 exit →

By sector

Information Technology20.8%

Financials15.5%

Consumer Staples14.6%

Health Care11.5%

Materials8.3%

Industrials6.5%

Communication Services6.0%

Consumer Discretionary6.0%

Other10.8%

By market cap

Large ($10–200B)50.9%

Mega (>$200B)41.1%

Unknown5.6%

Mid ($2–10B)2.4%

By region

North America94.4%

Other5.6%

By industry group GICS — finer than sector

Industry group	Weight	Names
Technology Hardware & Equipment	10.15%	5
Unclassified	9.45%	5
Insurance	9.38%	15
Pharmaceuticals & Biotechnology	7.98%	9
Chemicals	7.04%	5
Software	6.57%	4
Software & IT Services	6.52%	5
Food Products	6.35%	8
Beverages	5.98%	4
Specialty Retail	3.97%	2
Utilities	3.68%	7
Aerospace & Defense	2.31%	3
Commercial Services & Supplies	2.13%	3
Diversified Telecommunication Services	2.05%	2
Tobacco	1.58%	2
Electrical Equipment & Components	1.53%	1
Road & Rail	1.47%	1
Health Care Providers & Services	1.45%	1
Health Care Equipment & Supplies	1.39%	2
Capital Markets	1.26%	2
Paper & Forest Products	1.24%	2
Distributors	1.10%	2
Banks	1.07%	2
Hotels, Restaurants & Leisure	0.92%	2
Oil, Gas & Consumable Fuels	0.86%	1
Food & Staples Retailing	0.68%	1
Equity Real Estate Investment Trusts (REITs)	0.67%	1
Life Sciences Tools & Services	0.63%	1
Transportation Infrastructure	0.58%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	AAPL	Apple Inc.	Information Technology	5.88%
2	KO	COCA COLA CO	Consumer Staples	4.27%
3	GOOGL	Alphabet Inc.	Communication Services	3.94%
4	BRK.B	BERKSHIRE HATHAWAY INC	Financials	3.82%
5	COST	COSTCO WHOLESALE CORP /NEW	Consumer Discretionary	3.27%
6	MSFT	MICROSOFT CORP	Information Technology	3.19%
7	PG	PROCTER & GAMBLE Co	Materials	3.09%
8		DROPBOX INC - CLASS A	Unclassified	2.28%
9	ORCL	ORACLE CORP	Information Technology	2.25%
10	IBM	INTERNATIONAL BUSINESS MACHINES CORP	Information Technology	2.13%

95/99 names classified · sector 94.4% of weight · industry 90.5% · mkt cap 94.4%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 7 quarters

Information TechnologyAAPL, MSFT, ORCL, IBM, CSCO · other

FinancialsBRK.B, CI, WTW, TRV, PGR · other

Consumer StaplesKO, MDLZ, GIS, PEP, CPB · other

Health CareJNJ, LLY, DVA, GILD, ABBV · other

Consumer DiscretionaryCOST, DG, WMT, SYY, AMZN · other

MaterialsPG, CL, KMB, CHD, CLX · other

IndustrialsUNP, AKAM, RSG, LMT, WM · other

Communication ServicesGOOGL, VZ, T, OMC, META · other

UtilitiesPEG, CMS, AEE, WEC, AEP · other

EnergyXOM, CVX, RRC, PSX

Real Estate

UnclassifiedSPY, DROPBOX INC - CLASS A, KELLANOVA, MICHAEL KORS HLDGS LTD, TWITTER INC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 94.4% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2024-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (92 classified)COGNIOS BETA NEUTRAL LARGE CAP FUND, LP centroid (Large Core)

Information TechnologyConsumer StaplesHealth CareFinancialsMaterialsIndustrialsCommunication ServicesConsumer DiscretionaryUtilitiesEnergyReal Estate

Style box summary for COGNIOS BETA NEUTRAL LARGE CAP FUND, LP: centroid Large Core. Heaviest cells: Large Growth 21.3%, Large Core 19.5%, Large Value 16.8%.

Classified: 89.4% of book weight (92/98 names) · unclassified 10.6%: BRK.B, , SPY, CNC, CTRA, MNST. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 99 positions (2024-Q1) · largest first · Δ vs 2023-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	AAPLAPPLE INC	26,308	$5M	5.9%	HOLD
2	KOCOCA COLA CO	53,601	$3M	4.3%	HOLD
3	GOOGLALPHABET INC	20,020	$3M	3.9%	HOLD
4	BRK.BBERKSHIRE HATHAWAY INC DEL	6,964	$3M	3.8%	TRIM −13%
5	COSTCOSTCO WHSL CORP NEW	3,426	$3M	3.3%	TRIM −15%
6	MSFTMICROSOFT CORP	5,825	$2M	3.2%	HOLD
7	PGPROCTER AND GAMBLE CO	14,626	$2M	3.1%	TRIM −4%
8	DROPBOX INC - CLASS A	72,000	$2M	2.3%	HOLD
9	ORCLORACLE CORP	13,730	$2M	2.2%	HOLD
10	IBMINTERNATIONAL BUSINESS MACHS	8,569	$2M	2.1%	TRIM −7%
11	SPYSTATE STR SPDR S&P 500 ETF T	2,960	$2M	2.0%	HOLD
12	LLYELI LILLY & CO	1,809	$1M	1.8%	HOLD
13	CLCOLGATE PALMOLIVE CO	14,866	$1M	1.7%	TRIM −7%
14	EMREMERSON ELEC CO	10,346	$1M	1.5%	HOLD
15	MDLZMONDELEZ INTL INC	16,480	$1M	1.5%	HOLD
16	UNPUNION PAC CORP	4,590	$1M	1.5%	HOLD
17	DVADaVita HealthCare Partners, Inc.	8,086	$1M	1.5%	HOLD
18	VZVERIZON COMMUNICATIONS INC	24,981	$1M	1.4%	TRIM −6%
19	JNJJOHNSON & JOHNSON	6,585	$1M	1.4%	TRIM −3%
20	CSCOCISCO SYS INC	20,281	$1M	1.3%	HOLD
21	CITHE CIGNA GROUP	2,014	$731,465	1.0%	TRIM −20%
22	GISGENERAL MILLS INC	10,314	$721,671	0.9%	TRIM −8%
23	UNHUNITEDHEALTH GROUP INC	1,343	$664,382	0.9%	HOLD
24	XOMEXXON MOBIL CORP	5,659	$657,802	0.9%	HOLD
25	MDTMEDTRONIC PLC	7,544	$657,460	0.9%	HOLD
26	NOCNORTHROP GRUMMAN CORP	1,353	$647,627	0.8%	HOLD
27	LYBLYONDELLBASELL INDUSTRIES N	6,323	$646,716	0.8%	HOLD
28	PMPHILIP MORRIS INTL INC	6,808	$623,749	0.8%	TRIM −6%
29	KMBKIMBERLY-CLARK CORP	4,815	$622,820	0.8%	TRIM −8%
30	MOALTRIA GROUP INC	13,442	$586,340	0.8%	TRIM −8%
31	LMTLOCKHEED MARTIN CORP	1,284	$584,053	0.8%	TRIM −6%
32	HUMHUMANA INC	1,656	$574,168	0.7%	ADD 15%
33	LDOSLEIDOS HOLDINGS INC	4,350	$570,242	0.7%	TRIM −17%
34	MRKMERCK & CO INC	4,225	$557,489	0.7%	TRIM −18%
35	RSGREPUBLIC SVCS INC	2,908	$556,708	0.7%	TRIM −18%
36	MOHMOLINA HEALTHCARE INC	1,349	$554,210	0.7%	TRIM −16%
37	WMWASTE MGMT INC DEL	2,598	$553,764	0.7%	TRIM −20%
38	CAHCARDINAL HEALTH INC	4,925	$551,108	0.7%	TRIM −13%
39	AMGNAMGEN INC	1,936	$550,444	0.7%	TRIM −9%
40	ABBVABBVIE INC	3,011	$548,303	0.7%	TRIM −20%
41	VRTXVERTEX PHARMACEUTICALS INC	1,302	$544,249	0.7%	TRIM −18%
42	GDGENERAL DYNAMICS CORP	1,920	$542,381	0.7%	TRIM −9%
43	REGNREGENERON PHARMACEUTICALS	560	$538,994	0.7%	TRIM −17%
44	CNCCENTENE CORP DEL	6,844	$537,117	0.7%	TRIM −10%
45	AZOAUTOZONE INC	170	$535,781	0.7%	TRIM −19%
46	PEPPEPSICO INC	3,048	$533,430	0.7%	TRIM −9%
47	MKCMCCORMICK & CO INC	6,918	$531,372	0.7%	TRIM −11%
48	TAT&T INC	29,997	$527,947	0.7%	TRIM −8%
49	CHDCHURCH & DWIGHT CO INC	5,055	$527,287	0.7%	TRIM −16%
50	AKAMAKAMAI TECHNOLOGIES INC	4,829	$525,202	0.7%	TRIM −6%
51	BROBROWN & BROWN INC	5,997	$524,977	0.7%	TRIM −24%
52	CTRACOTERRA ENERGY INC	18,807	$524,339	0.7%	TRIM −13%
53	CMECME GROUP INC	2,433	$523,801	0.7%	TRIM −9%
54	JKHYHENRY JACK & ASSOC INC	3,014	$523,622	0.7%	TRIM −9%
55	CVSCVS HEALTH CORP	6,541	$521,710	0.7%	TRIM −12%
56	PSAPUBLIC STORAGE OPER CO	1,784	$517,467	0.7%	TRIM −10%
57	CLXCLOROX CO DEL	3,372	$516,287	0.7%	TRIM −11%
58	KELLANOVA	8,786	$503,350	0.7%	TRIM −8%
59	MCDMCDONALDS CORP	1,785	$503,281	0.7%	TRIM −7%
60	CPBTHE CAMPBELLS COMPANY	11,298	$502,196	0.7%	TRIM −8%
61	WTWWILLIS TOWERS WATSON PLC LTD	1,825	$501,875	0.7%	TRIM −21%
62	HRLHORMEL FOODS CORP	14,340	$500,323	0.7%	TRIM −12%
63	CAGCONAGRA BRANDS INC	16,796	$497,833	0.6%	TRIM −6%
64	GILDGILEAD SCIENCES INC	6,756	$494,877	0.6%	TRIM −2%
65	FDSFACTSET RESH SYS INC	1,077	$489,378	0.6%	TRIM −7%
66	INCYINCYTE CORP	8,481	$483,163	0.6%	TRIM −9%
67	LWLAMB WESTON HLDGS INC	4,525	$482,048	0.6%	TRIM −4%
68	HSYHERSHEY CO	2,475	$481,388	0.6%	TRIM −10%
69	SNPSSYNOPSYS INC	810	$462,915	0.6%	HOLD
70	MTBM & T BK CORP	3,085	$448,682	0.6%	NEW
71	ELVELEVANCE HEALTH INC FORMERLY	865	$448,537	0.6%	TRIM −14%
72	CHRWC H ROBINSON WORLDWIDE INC	5,870	$446,942	0.6%	HOLD
73	BIIBBIOGEN INC	2,052	$442,473	0.6%	NEW
74	CBOECBOE GLOBAL MKTS INC	2,408	$442,422	0.6%	TRIM −3%
75	KDPKEURIG DR PEPPER INC	13,619	$417,695	0.5%	HOLD
76	CINFCINCINNATI FINL CORP	3,350	$415,970	0.5%	TRIM −14%
77	AIZASSURANT INC	2,192	$412,622	0.5%	TRIM −16%
78	ACGLARCH CAP GROUP LTD	4,441	$410,526	0.5%	TRIM −11%
79	RMDRESMED INC	2,072	$410,318	0.5%	TRIM −14%
80	EGEVEREST GROUP LTD	1,027	$408,233	0.5%	NEW
81	PGRPROGRESSIVE CORP	1,966	$406,608	0.5%	NEW
82	VLTOVERALTO CORP	4,584	$406,417	0.5%	TRIM −15%
83	PEGPUBLIC SVC ENTERPRISE GROUP	6,074	$405,622	0.5%	TRIM −4%
84	DTEDTE ENERGY CO	3,607	$404,489	0.5%	NEW
85	CBCHUBB LIMITED	1,560	$404,243	0.5%	NEW
86	ETRENTERGY CORP NEW	3,817	$403,381	0.5%	TRIM −3%
87	DDOMINION ENERGY INC	8,194	$403,063	0.5%	NEW
88	NINISOURCE INC	14,571	$403,034	0.5%	TRIM −3%
89	ATOATMOS ENERGY CORP	3,382	$402,018	0.5%	TRIM −3%
90	EAELECTRONIC ARTS INC	3,013	$399,735	0.5%	TRIM −14%
91	XELXCEL ENERGY INC	7,434	$399,578	0.5%	NEW
92	VRSKVERISK ANALYTICS INC	1,693	$399,091	0.5%	NEW
93	CBSHCOMMERCE BANCSHARES INC	7,022	$373,549	0.5%	HOLD
94	MNSTMONSTER BEVERAGE CORP NEW	5,997	$355,502	0.5%	NEW
95	PKGPACKAGING CORP AMER	1,729	$328,130	0.4%	NEW
96	MCKMCKESSON CORP	550	$295,268	0.4%	TRIM −3%
97	DHRDANAHER CORP DEL	878	$219,254	0.3%	TRIM −16%
98	WRBBERKLEY W R CORP	2,327	$205,800	0.3%	TRIM −69%
99	DRIDARDEN RESTAURANTS INC	1,200	$200,580	0.3%	NEW

☆COGNIOS BETA NEUTRAL LARGE CAP FUND, LP