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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
-0.31%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$1.1B
AUM Growth
-$1.01B
Cap. Flow
-$635M
Cap. Flow %
-57.59%
Top 10 Hldgs %
36.04%
Holding
915
New
342
Increased
119
Reduced
101
Closed
281

Top Buys

Rank Stock Value
1
IPOF
Social Capital Hedosophia Holdings Corp. VI
IPOF
+$65.1M
2
CCVI
Churchill Capital Corp VI
CCVI
+$34.4M
3
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$29.1M
4
ARKK icon
ARK Innovation ETF
ARKK
+$27.3M
5
AMD icon
Advanced Micro Devices
AMD
+$22.6M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$268M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$196M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$146M
4
LOW icon
Lowe's Companies
LOW
+$105M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$90.8M

Sector Composition

Rank Sector Weight
1 Financials 27.17%
2 Healthcare 26.29%
3 Technology 9.65%
4 Industrials 7.84%
5 Consumer Discretionary 3.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PNTM.U
51
DELISTED
Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
PNTM.U
$4.03M 0.37%
400,000
– –
VAQC
52
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
$4.03M 0.37%
412,000
+12,000
+3% +$118K
ANZUU
53
DELISTED
Anzu Special Acquisition Corp I Units
ANZUU
$3.98M 0.36%
400,000
– –
AAC.U
54
DELISTED
Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
AAC.U
$3.97M 0.36%
400,000
– –
LGACU
55
DELISTED
Lazard Growth Acquisition Corp. I Units
LGACU
$3.96M 0.36%
400,000
– –
FTEV.U
56
DELISTED
FinTech Evolution Acquisition Group Units, each consisting of one Class A Ordinary Share, and one-third of one redeemable warrant
FTEV.U
$3.96M 0.36%
400,000
– –
AMPI.U
57
DELISTED
Advanced Merger Partners Inc Units
AMPI.U
$3.96M 0.36%
400,000
– –
C icon
58
Citigroup
C
$226B
$3.94M 0.36%
65,317
+17,520
+37% +$1.16M
MSOS icon
59
AdvisorShares Pure US Cannabis ETF
MSOS
$900M
$3.64M 0.33%
+142,121
New +$3.93M
INVZW
60
DELISTED
Innoviz Technologies Warrant
INVZW
$3.61M 0.33%
1,443,430
+1,086,707
+305% +$1.79M
HMCO
61
DELISTED
HumanCo Acquisition Corp. Class A Common Stock
HMCO
$3.6M 0.33%
+368,257
New +$3.63M
QQQ icon
62
Invesco QQQ Trust
QQQ
$482B
$3.53M 0.32%
407,880
-379,370
-48% -$146M
MRNA icon
63
PUT
Moderna
MRNA
$23.9B
$3.41M 0.31%
16,300
+3,200
+24% +$936K
RLMD icon
64
Relmada Therapeutics
RLMD
$521M
$3.37M 0.31%
149,774
-9,859
-6% -$219K
HTZWW
65
Hertz Global Holdings Warrants
HTZWW
$95.5M
$3.36M 0.3%
+210,631
New +$3.31M
SBEA
66
DELISTED
SilverBox Engaged Merger Corp I Class A Common Stock
SBEA
$3.3M 0.3%
+325,000
New +$3.27M
CHNGU
67
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$3.26M 0.3%
46,396
+2,000
+5% +$139K
PROK icon
68
ProKidney
PROK
$343M
$3.19M 0.29%
+322,000
New +$3.18M
ASLE icon
69
AerSale
ASLE
$267M
$3.17M 0.29%
178,803
– –
IBM icon
70
IBM
IBM
$225B
$3.15M 0.29%
+23,596
New +$2.96M
HTPA.U
71
DELISTED
Highland Transcend Partners I Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
HTPA.U
$3.12M 0.28%
300,000
– –
MCD icon
72
McDonald's
MCD
$194B
$3.09M 0.28%
11,535
+11,061
+2,334% +$2.79M
NUVB icon
73
Nuvation Bio
NUVB
$2.28B
$3.06M 0.28%
359,375
– –
ASZ.U
74
DELISTED
Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
ASZ.U
$3M 0.27%
300,000
– –
ANAC.U
75
DELISTED
Arctos NorthStar Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-fourth of one redeemable warrant
ANAC.U
$3M 0.27%
300,000
– –
1 2
3
4 5

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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
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Cowen and Company's Q4 2021 Portfolio in Review

As of Q4 2021, Cowen and Company held 915 positions worth $1.1B, down 48% from $2.11B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Cowen and Company withdrew a net $635M in Q4 2021, closing 281 positions and reducing 101 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $268M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 5.5% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Cowen and Company opened a new position in Churchill Capital Corp VI worth $34.2M.

  • Cowen and Company's largest Q4 2021 buy was Churchill Capital Corp VI: 3,494,970 shares worth $34.2M.
  • Cowen and Company added most to Social Capital Hedosophia Holdings Corp. VI in Q4 2021, an estimated $65.1M increase.
  • Cowen and Company's biggest Q4 2021 reduction was Invesco QQQ Trust, cutting an estimated $146M.
  • Cowen and Company fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q4 2021, selling an estimated $268M.
  • Cowen and Company's ten largest holdings make up 36% of its $1.1B portfolio in Q4 2021.
  • Cowen and Company opened 342 new positions and closed 281 in Q4 2021.
  • Cowen and Company's portfolio value fell 48% quarter-over-quarter to $1.1B.

Based on Cowen and Company's 13F filing for Q4 2021, filed 14 Feb 2022.