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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
RCOR
851
DELISTED
Renovacor, Inc.
RCOR
– –
-10,000
Closed -$91K
LMACW
852
DELISTED
Liberty Media Acquisition Corporation Warrants
LMACW
– –
-29,506
Closed -$43K
AUS.U
853
DELISTED
Austerlitz Acquisition Corporation I Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
AUS.U
– –
-69,882
Closed -$718K
HUGS.WS
854
DELISTED
USHG Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
HUGS.WS
– –
-88,762
Closed -$76K
NSTC.WS
855
DELISTED
Northern Star Investment Corp. III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTC.WS
– –
-99,541
Closed -$99K
HAAC
856
CALL
DELISTED
Health Assurance Acquisition Corp. Class A Common Stock
HAAC
– –
-99,100
Closed -$2K
AHPAU
857
DELISTED
Avista Public Acquisition Corp. II Unit
AHPAU
– –
-73,785
Closed -$747K
LUXAW
858
DELISTED
Lux Health Tech Acquisition Corp. Warrants
LUXAW
– –
-18,282
Closed -$21K
ENPC
859
DELISTED
Executive Network Partnering Corporation
ENPC
– –
-139,986
Closed -$1.38M
CCXI
860
CALL
DELISTED
ChemoCentryx, Inc.
CCXI
– –
-23,200
Closed -$204K
CCXI
861
PUT
DELISTED
ChemoCentryx, Inc.
CCXI
– –
-22,000
Closed -$41K
FVT.WS
862
DELISTED
Fortress Value Acquisition Corp. III Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
FVT.WS
– –
-11,730
Closed -$9K
CHNG
863
CALL
DELISTED
Change Healthcare Inc. Common Stock
CHNG
– –
-41,300
Closed -$4K
CHNG
864
DELISTED
Change Healthcare Inc. Common Stock
CHNG
– –
-33,639
Closed -$705K
SLCRW
865
DELISTED
Silver Crest Acquisition Corporation Warrant
SLCRW
– –
-134,015
Closed -$88K
MUDSW
866
DELISTED
Mudrick Capital Acquisition Corporation II Warrant
MUDSW
– –
-211,112
Closed -$124K
CRXT
867
DELISTED
Clarus Therapeutics Holdings, Inc. Common Stock
CRXT
– –
-10,000
Closed -$53K
LEAP.U
868
DELISTED
Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant
LEAP.U
– –
-133,869
Closed -$1.4M
RBAC.WS
869
DELISTED
RedBall Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordina
RBAC.WS
– –
-144,700
Closed -$116K
PRPB.WS
870
DELISTED
CC Neuberger Principal Holdings II Redeemable warrants, each whole warrant exercisable for one Class
PRPB.WS
– –
-73,389
Closed -$74K
SAFM
871
CALL
DELISTED
Sanderson Farms Inc
SAFM
– –
-20,300
Closed -$15K
GGPIW
872
DELISTED
Gores Guggenheim, Inc. Warrant
GGPIW
– –
-211,689
Closed -$440K
STRDW
873
DELISTED
Sitio Royalties Corp. Warrant
STRDW
– –
-98,190
Closed -$14K
PPGH
874
DELISTED
Poema Global Holdings Corp. Class A Ordinary Share
PPGH
– –
-28,907
Closed -$285K
PPGHU
875
DELISTED
Poema Global Holdings Corp. Unit
PPGHU
– –
-34,951
Closed -$360K
33 34
35
36 37

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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
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BC
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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.