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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
HE icon
626
Hawaiian Electric Industries
HE
$2.03B
– –
-10,000
Closed -$123K
HOLX
627
CALL
DELISTED
Hologic
HOLX
– –
-33,200
Closed -$15.8K
HOLX
628
DELISTED
Hologic
HOLX
– –
-534
Closed -$37.1K
HSPO
629
DELISTED
Horizon Space Acquisition I Corp
HSPO
– –
-203,217
Closed -$2.15M
HYAC.U
630
DELISTED
Haymaker Acquisition Corp 4 Units
HYAC.U
– –
-11,612
Closed -$121K
ICCT
631
DELISTED
iCoreConnect
ICCT
– –
-750
Closed -$59.7K
IMVT icon
632
CALL
Immunovant
IMVT
$8.16B
– –
-11,500
Closed -$6.04K
INSP icon
633
Inspire Medical Systems
INSP
$1.73B
– –
-2,600
Closed -$516K
INSP icon
634
PUT
Inspire Medical Systems
INSP
$1.73B
– –
-9,300
Closed -$45.1K
ISRL
635
DELISTED
Israel Acquisitions Corp
ISRL
– –
-139,634
Closed -$1.47M
IVCA
636
DELISTED
Investcorp India Acquisition Corp
IVCA
– –
-123,686
Closed -$1.34M
IWM icon
637
iShares Russell 2000 ETF
IWM
$82B
– –
-1,250
Closed -$221K
IWM icon
638
PUT
iShares Russell 2000 ETF
IWM
$82B
– –
-40,000
Closed -$64.6K
JBLU icon
639
CALL
JetBlue
JBLU
$2.18B
– –
-100,000
Closed -$20K
JNJ icon
640
Johnson & Johnson
JNJ
$629B
– –
-37,500
Closed -$5.84M
JNJ icon
641
PUT
Johnson & Johnson
JNJ
$629B
– –
-126,000
Closed -$1.07M
KVACU
642
DELISTED
Keen Vision Acquisition Corp Units
KVACU
– –
-20,200
Closed -$207K
KWEB icon
643
CALL
KraneShares CSI China Internet ETF
KWEB
$5.59B
– –
-100,000
Closed -$70.5K
KWEB icon
644
KraneShares CSI China Internet ETF
KWEB
$5.59B
– –
-115,000
Closed -$3.15M
KWEB icon
645
PUT
KraneShares CSI China Internet ETF
KWEB
$5.59B
– –
-175,000
Closed -$534K
LCID icon
646
Lucid Motors
LCID
$2.63B
– –
-510
Closed -$28.5K
LCID icon
647
PUT
Lucid Motors
LCID
$2.63B
– –
-510
Closed -$201K
FNUC
648
CALL
Frontier Nuclear and Minerals Inc
FNUC
$45.3M
– –
-6,800
Closed -$11.1K
MSOS icon
649
AdvisorShares Pure US Cannabis ETF
MSOS
$896M
– –
-6,139,280
Closed -$48.7M
NVDA icon
650
CALL
NVIDIA
NVDA
$5.33T
– –
-50,000
Closed -$14.6K
24 25
26
27 28

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FPCG
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SI
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PRO
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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.