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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
-16.31%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$435M
AUM Growth
-$716M
(-62%)
Cap. Flow
-$763M
Cap. Flow
% of AUM
-175.1%
Top 10 Holdings %
Top 10 Hldgs %
44.16%
Holding
647
New
200
Increased
86
Reduced
96
Closed
246
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$28M |
| 2 |
Match Group
MTCH
|
+$22.1M |
| 3 |
DFNS.U
LGL Systems Acquisition Corp. Units
DFNS.U
|
+$13.2M |
| 4 |
AVDL
Avadel Pharmaceuticals
AVDL
|
+$11.7M |
| 5 |
Arbutus Biopharma
ABUS
|
+$9.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$238M |
| 2 |
Apple
AAPL
|
+$158M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$77M |
| 4 |
FRC
First Republic Bank
FRC
|
+$42.3M |
| 5 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$37.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.59% |
| 2 | Financials | 12.01% |
| 3 | Communication Services | 5.9% |
| 4 | Energy | 5.73% |
| 5 | Consumer Discretionary | 4.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRTA
426
Strata Critical Medical Inc
SRTA
$533M
| – | – |
-253,498
| Closed | -$2.49M |
|
427
Bristol-Myers Squibb
BMY
$130B
| – | – |
-100
| Closed | -$6K |
|
|
428
PUT
Bristol-Myers Squibb
BMY
$130B
| – | – |
-111,100
| Closed | -$2K |
|
|
BROG
429
DELISTED
Brooge Energy
BROG
| – | – |
-25,000
| Closed | -$221K |
|
430
Citigroup
C
$228B
| – | – |
-27,469
| Closed | -$2.19M |
|
431
Celularity
CELU
$20.3M
| – | – |
-44,542
| Closed | -$4.43M |
|
432
Chord Energy
CHRD
$7.62B
| – | – |
-2,000,000
| Closed | -$6.52M |
|
433
Ciena
CIEN
$54.9B
| – | – |
-380,000
| Closed | -$16.2M |
|
434
CALL
Cleveland-Cliffs
CLF
$7.08B
| – | – |
-500,000
| Closed | -$55K |
|
|
435
Cleveland-Cliffs
CLF
$7.08B
| – | – |
-253,116
| Closed | -$1.59M |
|
436
PUT
Centene
CNC
$32.1B
| – | – |
-25,000
| Closed | -$1K |
|
437
CALL
Cencora
COR
$63.7B
| – | – |
-6,300
| Closed | -$1K |
|
|
438
Cencora
COR
$63.7B
| – | – |
-11,790
| Closed | -$1M |
|
|
439
PUT
Cencora
COR
$63.7B
| – | – |
-38,200
| Closed | -$62K |
|
440
Cooper-Standard Automotive
CPS
$487M
| – | – |
-11,699
| Closed | -$388K |
|
441
Cisco
CSCO
$475B
| – | – |
-126,774
| Closed | -$6.08M |
|
|
442
PUT
Cisco
CSCO
$475B
| – | – |
-130,000
| Closed | -$61K |
|
443
Carvana
CVNA
$79.2B
| – | – |
-1,085,000
| Closed | -$16.8M |
|
444
CALL
DuPont de Nemours
DD
$19.5B
| – | – |
-26,768
| Closed | -$8K |
|
445
DraftKings
DKNG
$12.6B
| – | – |
-266,650
| Closed | -$2.85M |
|
446
CALL
DaVita
DVA
$11.4B
| – | – |
-2,300
| Closed | -$52K |
|
447
CALL
Devon Energy
DVN
$49.9B
| – | – |
-195,500
| Closed | -$135K |
|
|
448
Devon Energy
DVN
$49.9B
| – | – |
-240,774
| Closed | -$6.25M |
|
|
449
PUT
Devon Energy
DVN
$49.9B
| – | – |
-437,400
| Closed | -$40K |
|
450
CALL
GrafTech
EAF
$206M
| – | – |
-1,320
| Closed | -$3K |
|
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PRO
Cowen and Company's Q1 2020 Portfolio in Review
As of Q1 2020, Cowen and Company held 647 positions worth $435M, down 62% from $1.15B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Cowen and Company withdrew a net $763M in Q1 2020, closing 246 positions and reducing 96 holdings. Its most notable exit was Apple, an estimated $158M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 4.9% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Cowen and Company opened a new position in Match Group worth $19.8M.
- Cowen and Company's largest Q1 2020 buy was Match Group: 300,000 shares worth $19.8M.
- Cowen and Company added most to ExxonMobil in Q1 2020, an estimated $28M increase.
- Cowen and Company's biggest Q1 2020 reduction was Invesco QQQ Trust, cutting an estimated $238M.
- Cowen and Company fully exited Apple in Q1 2020, selling an estimated $158M.
- Cowen and Company's ten largest holdings make up 44% of its $435M portfolio in Q1 2020.
- Cowen and Company opened 200 new positions and closed 246 in Q1 2020.
- Cowen and Company's portfolio value fell 62% quarter-over-quarter to $435M.
Based on Cowen and Company's 13F filing for Q1 2020, filed 11 May 2020.