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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
CLRCW
501
DELISTED
ClimateRock Warrant
CLRCW
$3K ﹤0.01%
100,000
– –
PLTNW
502
DELISTED
Plutonian Acquisition Corp. Warrant
PLTNW
$2.99K ﹤0.01%
100,100
+300
+0.3% +$13
MNYWW
503
MoneyHero Ltd Warrants
MNYWW
$793K
$2.86K ﹤0.01%
+40,760
New +$3.32K
FAASW
504
DELISTED
DigiAsia Corp Warrant
FAASW
$2.76K ﹤0.01%
89,764
-20,846
-19% -$607
TLGYW
505
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
$2.66K ﹤0.01%
171,711
-70,233
-29% -$2.28K
NSTB.WS
506
DELISTED
Northern Star Investment Corp. II Redeemable warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTB.WS
$2.66K ﹤0.01%
38,000
– –
NOVVW
507
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$2.63K ﹤0.01%
175,400
-200
-0.1% -$3
SEPAW
508
DELISTED
SEP Acquisition Corp Warrants
SEPAW
$2.63K ﹤0.01%
35,000
-113,030
-76% -$11.7K
DISTW
509
DELISTED
Distoken Acquisition Corporation Warrant
DISTW
$2.59K ﹤0.01%
129,399
-58
-0% -$1
MAQCW
510
DELISTED
Maquia Capital Acquisition Corporation Warrant
MAQCW
$2.59K ﹤0.01%
139,803
+20,254
+17% +$620
ADNWW
511
DELISTED
Advent Technologies Holdings Warrant
ADNWW
$2.56K ﹤0.01%
+93,517
New +$4.04K
COOLW
512
DELISTED
Corner Growth Acquisition Corp. Warrant
COOLW
$2.48K ﹤0.01%
40,000
-39,661
-50% -$2.99K
SMXWW
513
SMX (Security Matters) Public Ltd Warrant
SMXWW
$733K
$2.46K ﹤0.01%
+258,760
New +$3.1K
COCHW icon
514
Envoy Medical Warrant
COCHW
$708K
$2.35K ﹤0.01%
+117,349
New +$3.17K
AONCW
515
DELISTED
American Oncology Network, Inc. Warrant
AONCW
$2.32K ﹤0.01%
10,100
– –
PUCKW
516
DELISTED
Goal Acquisitions Corp. Warrant
PUCKW
$2.22K ﹤0.01%
600,036
+499,195
+495% +$5.99K
BROGW
517
DELISTED
Brooge Holdings Limited Warrant expiring 12/20/2024
BROGW
$2.21K ﹤0.01%
+149,225
New +$2.7K
FLFVW
518
DELISTED
Feutune Light Acquisition Corporation Warrant
FLFVW
$2.18K ﹤0.01%
181,977
+22,513
+14% +$367
HSPOW
519
DELISTED
Horizon Space Acquisition I Corp Warrant
HSPOW
$2.07K ﹤0.01%
103,303
-1,747
-2% -$60
ARBEW icon
520
Arbe Robotics Warrant
ARBEW
$317K
$2.04K ﹤0.01%
11,653
– –
SPWRW
521
SunPower Inc Warrants
SPWRW
$1.34M
$2.04K ﹤0.01%
+105,100
New +$3.69K
PEGRW
522
DELISTED
Project Energy Reimagined Acquisition Corp. Warrant
PEGRW
$1.99K ﹤0.01%
79,411
+19,411
+32% +$1.2K
EMCGW
523
DELISTED
Embrace Change Acquisition Corp Warrants
EMCGW
$1.94K ﹤0.01%
149,541
-10,100
-6% -$157
HSPOR
524
DELISTED
Horizon Space Acquisition I Corp Right
HSPOR
$1.94K ﹤0.01%
+17,648
New +$1.79K
VSACW
525
DELISTED
Vision Sensing Acquisition Corp. Warrants
VSACW
$1.92K ﹤0.01%
320,153
+800
+0.3% +$12
19 20
21
22 23

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FPCG
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FTDI
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CIM
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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.