Avalon Investment & Advisory’s Cowen Inc. Class A Common Stock COWN Stock Holding History

Avalon Investment & Advisory’s Portfolio COWN Stock Details COWN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-42,613	Closed	-$653K	–	300
2015 Q4	$653K	Sell	42,613 -18,110	-30%	-$314K	0.03%	188
2015 Q3	$1.11M	Buy	60,723 +16,507	+37%	+$363K	0.05%	134
2015 Q2	$1.13M	Buy	44,216 +10,825	+32%	+$254K	0.05%	126
2015 Q1	$695K	Buy	+33,391	New	+$648K	0.03%	137

Other funds holding COWN

Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return

FCP

Fine Capital Partners New York $563M AUM 7.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.7B AUM 6.69% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

MCA

Mendon Capital Advisors Key Largo, Florida $258M AUM 21.23% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Avalon Investment & Advisory's COWN Position: Q1 2016 in Review

Avalon Investment & Advisory sold out of Cowen Inc. Class A Common Stock (COWN) in Q1 2016, closing a stake of 42,613 shares — an estimated $653K sold.

Avalon Investment & Advisory first reported a position in COWN in Q1 2015 and held it in 4 quarters. The position peaked at $1.13M in Q2 2015. 123 funds tracked by Wall St. Rank hold COWN as of Q1 2016.

Avalon Investment & Advisory reported no remaining Cowen Inc. Class A Common Stock position as of Q1 2016 after selling out during the quarter.
Avalon Investment & Advisory sold 42,613 Cowen Inc. Class A Common Stock shares in Q1 2016, an estimated $653K.
Avalon Investment & Advisory first reported a position in Cowen Inc. Class A Common Stock in Q1 2015 and held it in 4 quarters.
Avalon Investment & Advisory's Cowen Inc. Class A Common Stock position peaked at $1.13M in Q2 2015.
123 funds tracked by Wall St. Rank held Cowen Inc. Class A Common Stock as of Q1 2016.

Based on Avalon Investment & Advisory's 13F filing for Q1 2016, filed 17 May 2016.