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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
MKFG.WS
351
DELISTED
Markforged Holding Corporation Warrants, each whole warrant exercisable to purchase one-tenth (1/10th) of a share of Common Stock at an exercise price of $115.00 per share
MKFG.WS
$17.2K ﹤0.01%
292,442
+109,949
+60% +$8.69K
LVROW
352
DELISTED
Lavoro Ltd Warrant
LVROW
$17.2K ﹤0.01%
+22,934
New +$12.6K
CLOER
353
DELISTED
Clover Leaf Capital Corp. Rights
CLOER
$17.1K ﹤0.01%
100,861
-100
-0.1% -$11
DUETW
354
DELISTED
DUET Acquisition Corp. Warrant
DUETW
$17.1K ﹤0.01%
360,301
– –
SRTAW
355
DELISTED
Strata Critical Medical Inc Warrants
SRTAW
$16.6K ﹤0.01%
47,500
– –
SNDL icon
356
Sundial Growers
SNDL
$311M
$16.4K ﹤0.01%
10,000
– –
ACACW
357
DELISTED
Acri Capital Acquisition Corp Warrant
ACACW
$16.1K ﹤0.01%
179,172
+200
+0.1% +$17
BLEUW
358
DELISTED
bleuacacia ltd Warrants
BLEUW
$16K ﹤0.01%
806,351
+224,900
+39% +$3.73K
RCKTW icon
359
Rocket Pharmaceuticals Warrant
RCKTW
$278K
$15.5K ﹤0.01%
+31,663
New +$8.8K
ROCLW
360
DELISTED
Roth CH Acquisition V Co. Warrant
ROCLW
$15.4K ﹤0.01%
+385,914
New +$21.7K
SES.WS icon
361
SES AI Corp Warrants
SES.WS
$15.4K ﹤0.01%
89,379
-3,100
-3% -$556
CONXW
362
DELISTED
CONX Corp. Warrant
CONXW
$15.3K ﹤0.01%
50,000
-51,774
-51% -$11.5K
ARIZW
363
DELISTED
Arisz Acquisition Corp. Warrant
ARIZW
$14.7K ﹤0.01%
+147,029
New +$2.66K
SVMH
364
DELISTED
SRIVARU Holding Limited Ordinary Shares
SVMH
$14.3K ﹤0.01%
+800
New +$17.6K
OTECW
365
DELISTED
OceanTech Acquisitions I Corp. Warrant
OTECW
$14.1K ﹤0.01%
602,103
-101,110
-14% -$1.75K
CDTTW
366
CDT Equity Inc Warrant
CDTTW
$1.63M
$14K ﹤0.01%
201,545
-371,031
-65% -$18.4K
VMCAW
367
DELISTED
Valuence Merger Corp. I Warrant
VMCAW
$13.9K ﹤0.01%
463,725
-200
-0% -$5
PGYWW
368
Pagaya Technologies Ltd Warrants
PGYWW
$1.31M
$13.9K ﹤0.01%
63,257
-16,678
-21% -$4.42K
DAVEW icon
369
Dave Inc Warrants
DAVEW
$12.8M
$13.6K ﹤0.01%
889,665
+200
+0% +$4
WTMAR
370
DELISTED
Welsbach Technology Metals Acquisition Corp. one right to receive 1/10th of a share of common stock
WTMAR
$13.6K ﹤0.01%
263,761
+85,483
+48% +$8.69K
RCACW
371
DELISTED
Revelstone Capital Acquisition Corp. Warrant
RCACW
$13.6K ﹤0.01%
309,830
-7,480
-2% -$313
XBPEW
372
XBP Europe Holdings Warrant
XBPEW
$13.2K ﹤0.01%
264,195
+201,108
+319% +$22.1K
RENEW
373
DELISTED
Cartesian Growth Corporation II Warrant
RENEW
$13K ﹤0.01%
100,000
-92,723
-48% -$12K
TBMCR
374
DELISTED
Trailblazer Merger Corporation I Rights
TBMCR
$12.9K ﹤0.01%
126,287
-56,571
-31% -$7.39K
MRT.WS
375
DELISTED
Marti Technologies, Inc. Warrants, each whole warrant exercisable for one class A ordinary share at an exercise price of $11.50
MRT.WS
$12.9K ﹤0.01%
195,200
+144,626
+286% +$8.66K
13 14
15
16 17

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CIP
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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
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 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.