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Cowen and Company Portfolio holdings

AUM $2.97B
1-Year Est. Return 105.26%
This Fund
S&P 500
This Quarter Est. Return
-0.31%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$1.1B
AUM Growth
-$1.01B
Cap. Flow
-$635M
Cap. Flow %
-57.59%
Top 10 Hldgs %
36.04%
Holding
915
New
342
Increased
119
Reduced
101
Closed
281

Top Buys

Rank Stock Value
1
IPOF
Social Capital Hedosophia Holdings Corp. VI
IPOF
+$65.1M
2
CCVI
Churchill Capital Corp VI
CCVI
+$34.4M
3
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$29.1M
4
ARKK icon
ARK Innovation ETF
ARKK
+$27.3M
5
AMD icon
Advanced Micro Devices
AMD
+$22.6M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$268M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$196M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$146M
4
LOW icon
Lowe's Companies
LOW
+$105M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$90.8M

Sector Composition

Rank Sector Weight
1 Financials 27.17%
2 Healthcare 26.29%
3 Technology 9.65%
4 Industrials 7.84%
5 Consumer Discretionary 3.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADP icon
276
PUT
Automatic Data Processing
ADP
$109B
$279K 0.03%
+38,700
New +$8.76M
NSTG
277
DELISTED
NanoString Technologies, Inc.
NSTG
$276K 0.03%
+6,541
New +$286K
CTLT
278
DELISTED
CATALENT, INC.
CTLT
$267K 0.02%
+2,086
New +$268K
DBVT
279
DBV Technologies
DBVT
$897M
$257K 0.02%
16,076
-6,811
-30% -$231K
PRPC.WS
280
DELISTED
CC Neuberger Principal Holdings III Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
PRPC.WS
$251K 0.02%
230,347
+61,485
+36% +$69.7K
GM icon
281
CALL
General Motors
GM
$77.2B
$243K 0.02%
25,000
-250,000
-91% -$14.6M
BTWN
282
DELISTED
Bridgetown Holdings Limited Class A Ordinary Shares
BTWN
$236K 0.02%
+24,000
New +$237K
IONS icon
283
Ionis Pharmaceuticals
IONS
$9.46B
$235K 0.02%
7,730
-5,113
-40% -$161K
WAT icon
284
Waters Corp
WAT
$40.4B
$235K 0.02%
+632
New +$221K
RVTY icon
285
Revvity
RVTY
$12.9B
$232K 0.02%
+1,152
New +$208K
GCACW
286
DELISTED
Growth Capital Acquisition Corp. Warrant
GCACW
$231K 0.02%
+257,133
New +$227K
SNDL icon
287
PUT
Sundial Growers
SNDL
$318M
$227K 0.02%
+15,250
New +$99.9K
STL
288
DELISTED
Sterling Bancorp
STL
$225K 0.02%
+8,724
New +$226K
SPY icon
289
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$224K 0.02%
122,500
+15,000
+14% +$6.89M
SWSS
290
DELISTED
Clean Energy Special Situations Corp. Common stock
SWSS
$224K 0.02%
+45,972
New +$226K
TEVA icon
291
CALL
Teva Pharmaceuticals
TEVA
$42.1B
$223K 0.02%
+223,800
New +$2.02M
TE
292
T1 Energy
TE
$1.48B
$223K 0.02%
+19,933
New +$216K
CBAY
293
DELISTED
Cymabay Therapeutics
CBAY
$222K 0.02%
65,600
-6,200
-9% -$23.5K
FIVN icon
294
CALL
FIVE9
FIVN
$2.58B
$219K 0.02%
148,800
+42,800
+40% +$6.33M
WFC icon
295
CALL
Wells Fargo
WFC
$265B
$219K 0.02%
+50,000
New +$2.46M
CGC
296
Canopy Growth
CGC
$402M
$218K 0.02%
+2,500
New +$297K
SDSTW
297
Stardust Power Inc Warrant
SDSTW
$218K 0.02%
263,662
+113,662
+76% +$103K
VTIQW
298
DELISTED
VectoIQ Acquisition Corp. II Warrant
VTIQW
$215K 0.02%
256,115
-91,491
-26% -$87.2K
TGT icon
299
CALL
Target
TGT
$69B
$210K 0.02%
19,900
-4,300
-18% -$1.05M
DJTWW
300
Trump Media & Technology Group Warrants
DJTWW
$803M
$210K 0.02%
+15,900
New +$240K
10 11
12
13 14

Similar funds

CIP
Chartwell Investment Partners Berywn, Pennsylvania $2.91B AUM 40.48% 1-Year Est. Return
PWLP
Prio Wealth Limited Partnership Boston, Massachusetts $3.41B AUM 44.09% 1-Year Est. Return
FPCG
Fort Pitt Capital Group Pittsburgh, Pennsylvania $3.55B AUM 34.86% 1-Year Est. Return
SI
Scout Investments Kansas City, Missouri $3.8B AUM 45.91% 1-Year Est. Return
BC
Boxer Capital San Diego, California $2.04B AUM 108.39% 1-Year Est. Return
FTDI
First Trust Direct Indexing Boston, Massachusetts $1.87B AUM 43.63% 1-Year Est. Return
CIM
Contrarius Investment Management St. Helier, Jersey $1.76B AUM 35.87% 1-Year Est. Return
PRO
Pensioenfonds Rail & OV Utrecht, Netherlands $1.44B AUM 23.73% 1-Year Est. Return

Cowen and Company's Q4 2021 Portfolio in Review

As of Q4 2021, Cowen and Company held 915 positions worth $1.1B, down 48% from $2.11B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Cowen and Company withdrew a net $635M in Q4 2021, closing 281 positions and reducing 101 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $268M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 5.5% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Cowen and Company opened a new position in Churchill Capital Corp VI worth $34.2M.

  • Cowen and Company's largest Q4 2021 buy was Churchill Capital Corp VI: 3,494,970 shares worth $34.2M.
  • Cowen and Company added most to Social Capital Hedosophia Holdings Corp. VI in Q4 2021, an estimated $65.1M increase.
  • Cowen and Company's biggest Q4 2021 reduction was Invesco QQQ Trust, cutting an estimated $146M.
  • Cowen and Company fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q4 2021, selling an estimated $268M.
  • Cowen and Company's ten largest holdings make up 36% of its $1.1B portfolio in Q4 2021.
  • Cowen and Company opened 342 new positions and closed 281 in Q4 2021.
  • Cowen and Company's portfolio value fell 48% quarter-over-quarter to $1.1B.

Based on Cowen and Company's 13F filing for Q4 2021, filed 14 Feb 2022.