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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
+18.1%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$1.52B
AUM Growth
+$95.3M
Cap. Flow
-$53M
Cap. Flow %
-3.48%
Top 10 Hldgs %
46.4%
Holding
811
New
169
Increased
201
Reduced
172
Closed
223

Top Buys

Rank Stock Value
1
PTCT icon
PTC Therapeutics
PTCT
+$66.9M
2
SAGE
Sage Therapeutics
SAGE
+$26.6M
3
IMO icon
Imperial Oil
IMO
+$24.9M
4
COIN icon
Coinbase
COIN
+$22.5M
5
ANSCU
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
+$21.6M

Top Sells

Rank Stock Value
1
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$48.7M
2
AAC
Ares Acquisition Corporation
AAC
+$36.4M
3
PTGX icon
Protagonist Therapeutics
PTGX
+$27.6M
4
HCVIU
Hennessy Capital Investment Corp. VI Unit
HCVIU
+$17.4M
5
NETD
Nabors Energy Transition Corp II
NETD
+$16.9M

Sector Composition

Rank Sector Weight
1 Healthcare 30.8%
2 Financials 24.54%
3 Technology 21.73%
4 Communication Services 4.41%
5 Energy 3.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MARXR
326
DELISTED
Mars Acquisition Corp. Rights
MARXR
$24.4K ﹤0.01%
110,725
-7,600
-6% -$1.74K
STLNW
327
Starling Oncology, Inc. Warrant
STLNW
$4.99M
$24.3K ﹤0.01%
121,600
+400
+0.3% +$63
VCXB.WS
328
DELISTED
10X Capital Venture Acquisition Corp III Warrants
VCXB.WS
$24.2K ﹤0.01%
430,065
+102,019
+31% +$7.69K
ADEX.WS
329
DELISTED
Adit EdTech Acquisition Corp Warrants
ADEX.WS
$24.1K ﹤0.01%
287,109
+233,308
+434% +$15.6K
PAYOW
330
DELISTED
Payoneer Global Inc. Warrant
PAYOW
$23.4K ﹤0.01%
68,021
+3,241
+5% +$1.66K
AEON.WS
331
DELISTED
AEON Biopharma Inc
AEON.WS
$23.2K ﹤0.01%
231,860
-100
-0% -$7
NNAGW
332
DELISTED
99 Acquisition Group Inc Warrant
NNAGW
$22.8K ﹤0.01%
+1,530,472
New +$50.5K
BTMWW
333
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
$21.8K ﹤0.01%
150,000
-797,382
-84% -$106K
BSLKW
334
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$21.7K ﹤0.01%
155,429
+4,800
+3% +$570
BUJAW
335
DELISTED
Bukit Jalil Global Acquisition 1 Ltd. Warrants
BUJAW
$21.6K ﹤0.01%
532,722
+99,238
+23% +$6.04K
SHCRW
336
DELISTED
Sharecare, Inc. Warrant
SHCRW
$21.3K ﹤0.01%
+924,232
New +$25.7K
BRLSW icon
337
Borealis Foods Inc Warrant
BRLSW
$547K
$21.3K ﹤0.01%
425,025
+13,132
+3% +$1.12K
MDAIW icon
338
Spectral AI Warrants
MDAIW
$5.56M
$21K ﹤0.01%
+100,000
New +$16.2K
BWAQW
339
DELISTED
Blue World Acquisition Corporation Warrant
BWAQW
$20.7K ﹤0.01%
529,350
-5,561
-1% -$412
MCAAW
340
DELISTED
Mountain & Co. I Acquisition Corp. Warrant
MCAAW
$20.7K ﹤0.01%
664,604
+402,028
+153% +$28.8K
ADTHW
341
DELISTED
AdTheorent Holding Co Warrants
ADTHW
$20.4K ﹤0.01%
441,996
-100
-0% -$3
NNAVW
342
DELISTED
NextNav Inc Warrant
NNAVW
$20.1K ﹤0.01%
+27,980
New +$28.9K
PPYAW
343
DELISTED
Papaya Growth Opportunity Corp. I Warrant
PPYAW
$19.6K ﹤0.01%
982,003
+672,216
+217% +$11.4K
ACAHW
344
DELISTED
Atlantic Coastal Acquisition Corp. Warrant
ACAHW
$19.6K ﹤0.01%
784,937
-43,060
-5% -$1.09K
ECXWW
345
ECARX Holdings Warrants
ECXWW
$1.08M
$19.6K ﹤0.01%
653,441
+319,984
+96% +$10.8K
MCAGR
346
DELISTED
Mountain Crest Acquisition Corp. V Right
MCAGR
$19.5K ﹤0.01%
180,700
– –
WINVR
347
DELISTED
WinVest Acquisition Corp. Right
WINVR
$19.5K ﹤0.01%
649,904
+188,000
+41% +$9.42K
ANGHW icon
348
Anghami Inc Warrants
ANGHW
$19.4K ﹤0.01%
242,895
+81,319
+50% +$3.45K
ONMDW icon
349
OneMedNet Corp Warrant
ONMDW
$1.01M
$19K ﹤0.01%
1,275,495
+730,655
+134% +$15.1K
EONR.WS
350
EON Resources Warrants
EONR.WS
$1.79M
$17.7K ﹤0.01%
319,113
-212,307
-40% -$17.5K
12 13
14
15 16

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PWLP
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FPCG
Fort Pitt Capital Group Pittsburgh, Pennsylvania $3.55B AUM 34.86% 1-Year Est. Return
SI
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BC
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FTDI
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CIM
Contrarius Investment Management St. Helier, Jersey $1.76B AUM 35.87% 1-Year Est. Return
PRO
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Cowen and Company's Q4 2023 Portfolio in Review

As of Q4 2023, Cowen and Company held 811 positions worth $1.52B, up 6.7% from $1.43B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Cowen and Company withdrew a net $53M in Q4 2023, closing 223 positions and reducing 172 holdings. Its most notable exit was AdvisorShares Pure US Cannabis ETF, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 31% of assets, up from 22% a quarter earlier, followed by Financials and Technology.

Against the trend, Cowen and Company opened a new position in Sage Therapeutics worth $29M.

  • Cowen and Company's largest Q4 2023 buy was Sage Therapeutics: 1,339,971 shares worth $29M.
  • Cowen and Company added most to PTC Therapeutics in Q4 2023, an estimated $66.9M increase.
  • Cowen and Company's biggest Q4 2023 reduction was Nabors Energy Transition Corp II, cutting an estimated $16.9M.
  • Cowen and Company fully exited AdvisorShares Pure US Cannabis ETF in Q4 2023, selling an estimated $48.7M.
  • Cowen and Company's ten largest holdings make up 46% of its $1.52B portfolio in Q4 2023.
  • Cowen and Company opened 169 new positions and closed 223 in Q4 2023.
  • Cowen and Company's portfolio value rose 6.7% quarter-over-quarter to $1.52B.

Based on Cowen and Company's 13F filing for Q4 2023, filed 8 Feb 2024.