Central Square Management’s Cowen Inc. Class A Common Stock COWN Stock Holding History

Central Square Management’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
2015 Q1	–	Sell	-10,097	Closed	-$194K	–	43
2014 Q4	$194K	Hold	10,097	–	–	0.18%	25
2014 Q3	$151K	Hold	10,097	–	–	0.15%	38
2014 Q2	$170K	Sell	10,097 -16,792	-62%	-$277K	0.18%	34
2014 Q1	$474K	Sell	26,889 -198,663	-88%	-$3.27M	0.45%	33
2013 Q4	$3.53M	Sell	225,552 -89,100	-28%	-$1.36M	2.78%	9
2013 Q3	$4.33M	Sell	314,652 -120,128	-28%	-$1.6M	2.81%	12
2013 Q2	$5.03M	Buy	+434,780	New	+$4.9M	4.15%	9

Other funds holding COWN

FCP

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

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

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

BFA

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

Cowen Inc New York $1.39B AUM 60.14% 1-Year Est. Return

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

BIT

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

WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

TSW

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

Central Square Management's COWN Position: Q1 2015 in Review

Central Square Management sold out of Cowen Inc. Class A Common Stock (COWN) in Q1 2015, closing a stake of 10,097 shares — an estimated $194K sold.

Central Square Management first reported a position in COWN in Q2 2013 and held it in 7 quarters. The position peaked at $5.03M in Q2 2013. 126 funds tracked by Wall St. Rank hold COWN as of Q1 2015.

Central Square Management reported no remaining Cowen Inc. Class A Common Stock position as of Q1 2015 after selling out during the quarter.
Central Square Management sold 10,097 Cowen Inc. Class A Common Stock shares in Q1 2015, an estimated $194K.
Central Square Management first reported a position in Cowen Inc. Class A Common Stock in Q2 2013 and held it in 7 quarters.
Central Square Management's Cowen Inc. Class A Common Stock position peaked at $5.03M in Q2 2013.
126 funds tracked by Wall St. Rank held Cowen Inc. Class A Common Stock as of Q1 2015.

Based on Central Square Management's 13F filing for Q1 2015, filed 13 May 2015.