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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
DFNSW
376
T3 Defense Inc Warrants
DFNSW
$627K
$12.9K ﹤0.01%
+100,000
New +$9.22K
TRTL.WS
377
DELISTED
TortoiseEcofin Acquisition Corp. III Warrant, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
TRTL.WS
$12.9K ﹤0.01%
144,593
-42,007
-23% -$4.53K
ZFOXW
378
DELISTED
ZeroFox Holdings, Inc. Warrants
ZFOXW
$12.8K ﹤0.01%
688,214
-100
-0% -$2
VGASW icon
379
Verde Clean Fuels Warrant
VGASW
$739K
$12.7K ﹤0.01%
125,956
-92,656
-42% -$16.2K
HHLA.WS
380
DELISTED
HH&L Acquisition Co. Redeemable warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HHLA.WS
$12.5K ﹤0.01%
500,000
-148,091
-23% -$3.32K
EACPW
381
DELISTED
Edify Acquisition Corp. Warrant
EACPW
$12.4K ﹤0.01%
862,068
+50,106
+6% +$747
FLFVR
382
DELISTED
Feutune Light Acquisition Corporation Right
FLFVR
$12.4K ﹤0.01%
145,660
+47,560
+48% +$6K
BYNOW
383
DELISTED
byNordic Acquisition Corporation Warrant
BYNOW
$12K ﹤0.01%
100,000
-46,800
-32% -$2.86K
AISPW
384
Airship AI Holdings Warrants
AISPW
$15.3M
$11.6K ﹤0.01%
282,851
-95,330
-25% -$7.5K
IMAQR
385
DELISTED
International Media Acquisition Corp. Rights
IMAQR
$11.5K ﹤0.01%
383,100
+110,300
+40% +$4.82K
NBSTW
386
DELISTED
Newbury Street Acquisition Corporation Warrants
NBSTW
$11.4K ﹤0.01%
163,163
+94,170
+136% +$7.24K
WGSWW
387
DELISTED
GeneDx Holdings Warrant
WGSWW
$11.4K ﹤0.01%
1,138,088
+11,498
+1% +$171
BREZW
388
DELISTED
Breeze Holdings Acquisition Corp. Warrant
BREZW
$11.1K ﹤0.01%
85,500
-22,400
-21% -$3.15K
GMFIW
389
DELISTED
Aetherium Acquisition Corp Warrant
GMFIW
$10.9K ﹤0.01%
+273,515
New +$12.7K
LCAHW
390
DELISTED
Landcadia Holdings IV, Inc. Warrant
LCAHW
$10.7K ﹤0.01%
165,000
+65,906
+67% +$4.47K
CETUW
391
DELISTED
Cetus Capital Acquisition Corp. Warrant
CETUW
$10.6K ﹤0.01%
743,565
+99,000
+15% +$2.09K
PPHPR
392
DELISTED
PHP Ventures Acquisition Corp. Rights
PPHPR
$10.6K ﹤0.01%
75,702
– –
GTACW
393
DELISTED
Global Technology Acquisition Corp. I Warrant
GTACW
$10.5K ﹤0.01%
+351,845
New +$11.1K
WEL.WS
394
DELISTED
Integrated Wellness Acquisition Corp Redeemable Warrants
WEL.WS
$10.5K ﹤0.01%
299,900
+116,038
+63% +$9.14K
DFLIW icon
395
Dragonfly Energy Holdings Warrant
DFLIW
$33.5K
$10.2K ﹤0.01%
+339,933
New +$17.6K
PLAOW
396
DELISTED
Patria Latin American Opportunity Acquisition Corp. Warrant
PLAOW
$10.1K ﹤0.01%
338,087
– –
RFACW
397
DELISTED
RF Acquisition Corp. Warrants
RFACW
$10.1K ﹤0.01%
508,454
+119,100
+31% +$3.12K
BFAC.WS
398
DELISTED
Battery Future Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
BFAC.WS
$10K ﹤0.01%
100,400
-49,600
-33% -$3.45K
FEXDR
399
DELISTED
Fintech Ecosystem Development Corp. Right
FEXDR
$9.97K ﹤0.01%
99,723
+2,523
+3% +$252
HIPO.WS
400
DELISTED
Hippo Holdings Inc. Redeemable warrants, each whole warrant exercisable for one twenty-fifth (1/25) share of Common Stock at an exercise price of $287.50 per full share
HIPO.WS
$9.94K ﹤0.01%
497,174
+100
+0% +$2
14 15
16
17 18

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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
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BC
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FTDI
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CIM
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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.