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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
+17.7%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$956M
AUM Growth
-$88.9M
Cap. Flow
-$124M
Cap. Flow %
-13%
Top 10 Hldgs %
51.28%
Holding
904
New
257
Increased
162
Reduced
180
Closed
232

Top Buys

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$58.7M
2
IMVT icon
Immunovant
IMVT
+$15.7M
3
LL
LL Flooring Holdings, Inc.
LL
+$11.4M
4
ACET icon
Adicet Bio
ACET
+$10.9M
5
INVZ icon
Innoviz Technologies
INVZ
+$9.95M

Top Sells

Rank Stock Value
1
ARKK icon
ARK Innovation ETF
ARKK
+$131M
2
IMCR icon
Immunocore
IMCR
+$34.1M
3
FTAI icon
FTAI Aviation
FTAI
+$28.1M
4
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$20.8M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.4M

Sector Composition

Rank Sector Weight
1 Healthcare 36.98%
2 Financials 14.53%
3 Materials 10.99%
4 Energy 8.52%
5 Consumer Discretionary 5.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEACW
651
DELISTED
Authentic Equity Acquisition Corp. Warrant
AEACW
$197 ﹤0.01%
56,450
+31,450
+126% +$434
FHN icon
652
PUT
First Horizon
FHN
$12B
$192 ﹤0.01%
+1,100
New +$26.7K
BZAIW
653
Blaize Holdings Warrants
BZAIW
$6.67M
$140 ﹤0.01%
+23,453
New +$558
MRNA icon
654
CALL
Moderna
MRNA
$24.2B
$138 ﹤0.01%
+6,400
New +$1.05M
THACW
655
DELISTED
Thrive Acquisition Corporation Warrant
THACW
$125 ﹤0.01%
+12,400
New +$274
TVGNW icon
656
Tevogen Inc. Warrant
TVGNW
$933K
$100 ﹤0.01%
+13,400
New +$390
TGT icon
657
CALL
Target
TGT
$69.2B
$98 ﹤0.01%
+19,700
New +$3.09M
PTOCW
658
DELISTED
Pine Technology Acquisition Corp. Warrant
PTOCW
$84 ﹤0.01%
49,700
-200
-0.4% -$7
QDROW
659
DELISTED
Quadro Acquisition One Corp. Warrant
QDROW
$47 ﹤0.01%
18,837
-795
-4% -$7
PACXW
660
DELISTED
Pioneer Merger Corp. Warrant
PACXW
$26 ﹤0.01%
+52,800
New +$792
LCID icon
661
CALL
Lucid Motors
LCID
$2.64B
$25 ﹤0.01%
+500
New +$55K
POWRW
662
DELISTED
Powered Brands Warrants
POWRW
$14 ﹤0.01%
47,650
-38,302
-45% -$942
KAIRW
663
DELISTED
Kairos Acquisition Corp. Warrant
KAIRW
$3 ﹤0.01%
32,804
+12,825
+64% +$121
ALGN icon
664
Align Technology
ALGN
$12.3B
– –
-1,103
Closed -$228K
AMD icon
665
Advanced Micro Devices
AMD
$774B
– –
-30,000
Closed -$1.9M
AMLX icon
666
Amylyx Pharmaceuticals
AMLX
$2.63B
– –
-20,800
Closed -$7K
AMPX.WS icon
667
Amprius Technologies Warrants
AMPX.WS
$569M
– –
-300,783
Closed -$96K
ARKK icon
668
ARK Innovation ETF
ARKK
$6.38B
– –
-3,483,400
Closed -$131M
BAC icon
669
Bank of America
BAC
$448B
– –
-11,425
Closed -$235K
BAX icon
670
Baxter International
BAX
$14.3B
– –
-26,411
Closed -$634K
BEEM icon
671
Beam Global
BEEM
$25.8M
– –
-11,000
Closed -$134K
BHVN icon
672
Biohaven
BHVN
$2.18B
– –
-46,914
Closed -$289K
BLND icon
673
Blend Labs
BLND
$341M
– –
-143,700
Closed -$34K
BYND icon
674
Beyond Meat
BYND
$215M
– –
-75,000
Closed -$1.06M
CCJ icon
675
Cameco
CCJ
$43B
– –
-160,000
Closed -$3.76M
25 26
27
28 29

Similar funds

CIP
Chartwell Investment Partners Berywn, Pennsylvania $2.91B AUM 40.48% 1-Year Est. Return
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 2022 Portfolio in Review

As of Q4 2022, Cowen and Company held 904 positions worth $956M, down 8.5% from $1.05B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Cowen and Company withdrew a net $124M in Q4 2022, closing 232 positions and reducing 180 holdings. Its most notable exit was ARK Innovation ETF, an estimated $131M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 34% a quarter earlier, followed by Financials and Materials.

Against the trend, Cowen and Company opened a new position in DCP Midstream, LP worth $58.8M.

  • Cowen and Company's largest Q4 2022 buy was DCP Midstream, LP: 1,516,562 shares worth $58.8M.
  • Cowen and Company added most to Adicet Bio in Q4 2022, an estimated $10.9M increase.
  • Cowen and Company's biggest Q4 2022 reduction was Immunocore, cutting an estimated $34.1M.
  • Cowen and Company fully exited ARK Innovation ETF in Q4 2022, selling an estimated $131M.
  • Cowen and Company's ten largest holdings make up 51% of its $956M portfolio in Q4 2022.
  • Cowen and Company opened 257 new positions and closed 232 in Q4 2022.
  • Cowen and Company's portfolio value fell 8.5% quarter-over-quarter to $956M.

Based on Cowen and Company's 13F filing for Q4 2022, filed 9 Feb 2023.