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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
UTHR icon
751
United Therapeutics
UTHR
$22.7B
– –
-9,780
Closed -$1.8M
UTHR icon
752
PUT
United Therapeutics
UTHR
$22.7B
– –
-32,400
Closed -$453K
VIR icon
753
Vir Biotechnology
VIR
$1.5B
– –
-10,850
Closed -$472K
VIR icon
754
PUT
Vir Biotechnology
VIR
$1.5B
– –
-3,000
Closed -$13K
VLN icon
755
Valens Semiconductor
VLN
$181M
– –
-249,849
Closed -$1.85M
VRRM icon
756
CALL
Verra Mobility
VRRM
$720M
– –
-26,200
Closed -$26K
VRRM icon
757
Verra Mobility
VRRM
$720M
– –
-9,119
Closed -$137K
WALDW icon
758
Waldencast PLC Warrant
WALDW
$4.03M
– –
-29,233
Closed -$24K
WHR icon
759
CALL
Whirlpool
WHR
$2.75B
– –
-10,000
Closed -$4K
WHR icon
760
Whirlpool
WHR
$2.75B
– –
-1,298
Closed -$265K
WHR icon
761
PUT
Whirlpool
WHR
$2.75B
– –
-10,000
Closed -$105K
XBI icon
762
State Street SPDR S&P Biotech ETF
XBI
$10.4B
– –
-400,000
Closed -$50.3M
XLE icon
763
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
– –
-700,000
Closed -$19.8M
XLE icon
764
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
– –
-212,800
Closed -$40K
XLI icon
765
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
– –
-35,600
Closed -$10K
XLI icon
766
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
– –
-505,334
Closed -$49.4M
XLV icon
767
State Street Health Care Select Sector SPDR ETF
XLV
$44B
– –
-369,986
Closed -$47.1M
XLV icon
768
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$44B
– –
-36,200
Closed -$152K
XME icon
769
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.55B
– –
-18,500
Closed -$26K
XME icon
770
State Street SPDR S&P Metals & Mining ETF
XME
$4.55B
– –
-400
Closed -$17K
XME icon
771
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.55B
– –
-1,500
Closed -$4K
XOP icon
772
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.62B
– –
-149,000
Closed -$14.4M
XRT icon
773
State Street SPDR S&P Retail ETF
XRT
$652M
– –
-200,000
Closed -$18.1M
ZION icon
774
Zions Bancorporation
ZION
$10.3B
– –
-12,422
Closed -$769K
ZNTL icon
775
CALL
Zentalis Pharmaceuticals
ZNTL
$297M
– –
-16,000
Closed -$2K
29 30
31
32 33

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CIP
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PWLP
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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
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CIM
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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.