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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
KYCHR
551
DELISTED
Keyarch Acquisition Corporation Rights
KYCHR
$1.24K ﹤0.01%
19,700
– –
ATEK.WS
552
DELISTED
Athena Technology Acquisition Corp. II Redeemable Warrants
ATEK.WS
$1.18K ﹤0.01%
47,143
-100
-0.2% -$5
CDAQW
553
DELISTED
Compass Digital Acquisition Corp. Warrant
CDAQW
$1.13K ﹤0.01%
22,833
-9,900
-30% -$1.11K
AFARW
554
DELISTED
Aura FAT Projects Acquisition Corp Warrant
AFARW
$1.13K ﹤0.01%
75,000
-103,630
-58% -$1.91K
ASCAW
555
DELISTED
A SPAC I Acquisition Corp. Warrant
ASCAW
$1.06K ﹤0.01%
71,050
-28,950
-29% -$431
REVBW icon
556
Revelation Biosciences Warrant
REVBW
$6.34K
$1.06K ﹤0.01%
100,100
– –
LBBBW
557
DELISTED
Lakeshore Acquisition II Corp. Warrants
LBBBW
$1.06K ﹤0.01%
101,912
-100
-0.1% -$1
OSI.WS
558
DELISTED
Osiris Acquisition Corp. Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
OSI.WS
$1.03K ﹤0.01%
34,500
+100
+0.3% +$3
DPCSW
559
DELISTED
DP Cap Acquisition Corp I Warrants
DPCSW
$1.03K ﹤0.01%
51,467
-20,300
-28% -$416
BOCNW
560
DELISTED
Blue Ocean Acquisition Corp Warrants
BOCNW
$1.02K ﹤0.01%
51,200
+100
+0.2% +$2
CMAXW
561
DELISTED
CareMax, Inc. Warrant
CMAXW
$1.01K ﹤0.01%
+135,178
New +$14.9K
AWINW
562
DELISTED
AERWINS Technologies Inc Warrant
AWINW
$960 ﹤0.01%
70,592
+200
+0.3% +$4
ADOCW
563
DELISTED
Edoc Acquisition Corp. Warrant
ADOCW
$937 ﹤0.01%
72,700
-25,300
-26% -$460
MCACW
564
DELISTED
Monterey Capital Acquisition Corporation Warrants
MCACW
$900 ﹤0.01%
100,000
-65,893
-40% -$1.04K
ATMCW
565
DELISTED
AlphaTime Acquisition Corp Warrant
ATMCW
$888 ﹤0.01%
30,000
-13,007
-30% -$535
NCACW
566
DELISTED
Newcourt Acquisition Corp Warrant
NCACW
$862 ﹤0.01%
53,900
-100
-0.2% -$2
GLSTW
567
DELISTED
Global Star Acquisition, Inc. Warrants
GLSTW
$860 ﹤0.01%
86,055
-14,700
-15% -$197
ESLAW icon
568
Estrella Immunopharma Warrant
ESLAW
$857 ﹤0.01%
28,597
– –
SPECW
569
DELISTED
Spectaire Holdings, Inc. Warrant
SPECW
$850 ﹤0.01%
141,677
+79,177
+127% +$3.13K
AMODW
570
Alpha Modus Holdings Warrant
AMODW
$332K
$792 ﹤0.01%
19,800
– –
ICUCW
571
SeaStar Medical Holding Corp Warrant
ICUCW
$319K
$726 ﹤0.01%
23,900
-1,000
-4% -$37
VWEWW
572
DELISTED
Vintage Wine Estates, Inc. Warrants
VWEWW
$718 ﹤0.01%
+69,724
New +$955
HUBCW icon
573
Hub Cyber Security Warrant 2/27/28
HUBCW
$154K
$692 ﹤0.01%
49,456
-344
-0.7% -$8
NCNCW
574
DELISTED
noco-noco Inc. Warrant
NCNCW
$624 ﹤0.01%
87,909
-100
-0.1% -$1
APXIW
575
DELISTED
APx Acquisition Corp. I Warrant
APXIW
$597 ﹤0.01%
11,949
-17,751
-60% -$632
21 22
23
24 25

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FPCG
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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.