Forty-three of the 61 top-200 alpha managers now holding $KO initiated the position in Q1 2026 — the prior quarter showed no record of these managers in the name. The remaining 18 held flat, with no outright exits and no trims of note beyond rounding. Hamel Associates, Inc. entered at 2.11% portfolio weight; BNP Paribas initiated at 1.83%.
Citadel Investment Advisory, Inc. is the cohort's largest holder at 1.42%, up +0.21pp from 1.22% last quarter — one of only 18 managers carrying a prior-quarter position. Cypress Capital Group added more aggressively, moving from 0.12% to 0.41% (+0.29pp). Paragon Capital Management Ltd. is the sole meaningful trimmer in the cohort, cutting from 0.22% to 0.12% (-0.10pp).
Average position weight across all 61 holders sits at 0.28%, with a range of effectively 0.00% to 2.11%. That spread is wide; the cohort is not concentrated. Most initiations cluster in the 0.05%–0.35% band, suggesting broad but shallow new exposure rather than high-conviction sizing.
Forty-three simultaneous new filings in a single defensive consumer staple, with no exits, is a structurally unusual configuration — though 13F mechanics mean some of these "initiations" may reflect custodian or reporting-entity changes rather than genuine new capital allocation decisions.