CNO Financial Group, Inc.
Long book
$174.4M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+1.6%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsCNO Financial Group, Inc. is a wealth-management firm allocating client money, running a $174.4M US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: INVESCO SENIOR LOAN ETF, SS BLACKSTONE SR LOAN ETF, SS SPDR P HIGH YIELD ETF, SS SPDR BB HIGH YIELD BOND, SS SPDR ICE PREF SEC ETF.
Over the last 5 quarters its long book ran on average 5.1pp per quarter behind the S&P 500, beating the index in 1 of 5 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2025
+2.2%
Q2 2025
+2.6%
Q3 2025
+1.1%
Q4 2025
-1.0%
Q1 2026
+1.6%
Sector allocation
Financials 100%
Long book by quarter
What does CNO Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|