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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
CCL icon
601
Carnival Corporation Ltd
CCL
$38.4B
– –
-6,357
Closed -$87.2K
CCL icon
602
PUT
Carnival Corporation Ltd
CCL
$38.4B
– –
-30,000
Closed -$8.25K
CHRW icon
603
CALL
C.H. Robinson
CHRW
$16.8B
– –
-16,100
Closed -$4.4K
CUK
604
DELISTED
Carnival PLC
CUK
– –
-80,529
Closed -$986K
DIS icon
605
CALL
Walt Disney
DIS
$179B
– –
-60,000
Closed -$25.5K
DIS icon
606
PUT
Walt Disney
DIS
$179B
– –
-75,000
Closed -$35.8K
DIST
607
DELISTED
Distoken Acquisition Corp
DIST
– –
-98,669
Closed -$1.04M
DMYY
608
DELISTED
dMY Squared
DMYY
– –
-35,398
Closed -$370K
DMYY.WS
609
DELISTED
dMY Squared Technology Group Warrants
DMYY.WS
– –
-33,248
Closed -$8.31K
DVN icon
610
CALL
Devon Energy
DVN
$50.1B
– –
-42,200
Closed -$71K
DVN icon
611
Devon Energy
DVN
$50.1B
– –
-42,684
Closed -$2.04M
DVN icon
612
PUT
Devon Energy
DVN
$50.1B
– –
-30,000
Closed -$34.3K
EEM icon
613
iShares MSCI Emerging Markets ETF
EEM
$30B
– –
-10,500
Closed -$398K
EMB icon
614
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
– –
-4,298
Closed -$355K
EQR icon
615
CALL
Equity Residential
EQR
$24.6B
– –
-19,500
Closed -$2.44K
EU
616
enCore Energy
EU
$272M
– –
-200,000
Closed -$658K
EXEL icon
617
CALL
Exelixis
EXEL
$13B
– –
-5,500
Closed -$8.11K
EXEL icon
618
PUT
Exelixis
EXEL
$13B
– –
-126,300
Closed -$101K
FLYX icon
619
flyExclusive
FLYX
$66.3M
– –
-56,244
Closed -$600K
GNK icon
620
Genco Shipping & Trading
GNK
$1.08B
– –
-838,641
Closed -$11.7M
GOSS icon
621
CALL
Gossamer Bio
GOSS
$86.3M
– –
-159,600
Closed -$6.49K
GRPN icon
622
CALL
Groupon
GRPN
$919M
– –
-20,000
Closed -$45K
GRPN icon
623
Groupon
GRPN
$919M
– –
-201,595
Closed -$3.09M
GRPN icon
624
PUT
Groupon
GRPN
$919M
– –
-200,000
Closed -$113K
GSAT icon
625
Globalstar
GSAT
$10.8B
– –
-23,333
Closed -$459K
23 24
25
26 27

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CIP
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PWLP
Prio Wealth Limited Partnership Boston, Massachusetts $3.41B AUM 44.09% 1-Year Est. Return
FPCG
Fort Pitt Capital Group Pittsburgh, Pennsylvania $3.55B AUM 34.86% 1-Year Est. Return
SI
Scout Investments Kansas City, Missouri $3.8B AUM 45.91% 1-Year Est. Return
BC
Boxer Capital San Diego, California $2.04B AUM 108.39% 1-Year Est. Return
FTDI
First Trust Direct Indexing Boston, Massachusetts $1.87B AUM 43.63% 1-Year Est. Return
CIM
Contrarius Investment Management St. Helier, Jersey $1.76B AUM 35.87% 1-Year Est. Return
PRO
Pensioenfonds Rail & OV Utrecht, Netherlands $1.44B AUM 23.73% 1-Year Est. Return

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.