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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
CSTA.WS
576
DELISTED
Constellation Acquisition Corp I Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
CSTA.WS
$549 ﹤0.01%
28,900
– –
GLLIW
577
DELISTED
Globalink Investment Inc. Warrants
GLLIW
$529 ﹤0.01%
160,361
+109,245
+214% +$1.32K
XFINW
578
DELISTED
ExcelFin Acquisition Corp Warrant
XFINW
$526 ﹤0.01%
25,947
-2,400
-8% -$67
FNVTW
579
DELISTED
Finnovate Acquisition Corp. Warrants
FNVTW
$525 ﹤0.01%
+75,000
New +$1.35K
MLECW icon
580
Moolec Science SA Warrant
MLECW
$180K
$443 ﹤0.01%
20,174
-29,826
-60% -$889
SRZNW icon
581
Surrozen Inc Warrant
SRZNW
$352 ﹤0.01%
+18,190
New +$371
PDYNW icon
582
Palladyne AI Corp Warrants
PDYNW
$177K
$322 ﹤0.01%
59,800
+200
+0.3% +$2
KRNLW
583
DELISTED
Kernel Group Holdings, Inc. Warrants
KRNLW
$276 ﹤0.01%
13,020
-6,980
-35% -$271
GSDWW
584
DELISTED
Global Systems Dynamics, Inc. Warrant
GSDWW
$219 ﹤0.01%
46,782
+300
+0.6% +$4
ACBAW
585
DELISTED
Ace Global Business Acquisition Ltd Warrant
ACBAW
$199 ﹤0.01%
11,584
-23,216
-67% -$615
AENTW icon
586
Alliance Entertainment Holding Corp Warrants
AENTW
$3.78M
$187 ﹤0.01%
25,000
– –
BNIXW
587
DELISTED
Bannix Acquisition Corp. Warrant
BNIXW
$132 ﹤0.01%
10,582
-100
-0.9% -$2
RACYW
588
DELISTED
Relativity Acquisition Corp. Warrant
RACYW
$27 ﹤0.01%
279,989
– –
ACI icon
589
CALL
Albertsons Companies
ACI
$5.97B
– –
-3,000
Closed -$600
ACI icon
590
Albertsons Companies
ACI
$5.97B
– –
-79,200
Closed -$1.8M
AERT
591
Aeries Technology
AERT
$39.8M
– –
-33,191
Closed -$2.81M
CVSA
592
CALL
Covista Inc
CVSA
$4.31B
– –
-70,000
Closed -$22.8K
AMCI
593
AMC Robotics
AMCI
$100M
– –
-108,410
Closed -$1.15M
BAND
594
CALL
Bandwidth Inc
BAND
$1.71B
– –
-15,000
Closed -$12.7K
PARA
595
Banzai International
PARA
$5.6M
– –
-22
Closed -$2.38M
BTU icon
596
CALL
Peabody Energy
BTU
$2.97B
– –
-275,400
Closed -$428K
BTU icon
597
Peabody Energy
BTU
$2.97B
– –
-12,500
Closed -$325K
BTU icon
598
PUT
Peabody Energy
BTU
$2.97B
– –
-3,000
Closed -$4.84K
BXP icon
599
CALL
Boston Properties
BXP
$10.8B
– –
-26,200
Closed -$11.1K
CCL icon
600
CALL
Carnival Corporation Ltd
CCL
$37.9B
– –
-140,500
Closed -$37.5K
22 23
24
25 26

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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.