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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
GMBTW
876
DELISTED
Pivotal Holdings Corp Warrant
GMBTW
– –
-44,334
Closed -$37K
KRA
877
CALL
DELISTED
Kraton Corporation
KRA
– –
-22,200
Closed -$56K
SCVX.WS
878
DELISTED
SCVX Corp.
SCVX.WS
– –
-108,237
Closed -$87K
SEAH
879
DELISTED
Sports Entertainment Acquisition Corp.
SEAH
– –
-399,223
Closed -$4M
SEAH.WS
880
DELISTED
Sports Entertainment Acquisition Corp. Redeemable Warrants, each whole Warrant exercisable for one s
SEAH.WS
– –
-11,267
Closed -$27K
ASLEW
881
DELISTED
AerSale Corp Warrants
ASLEW
– –
-126,166
Closed -$776K
DRNA
882
CALL
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
– –
-12,500
Closed -$31K
DRNA
883
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
– –
-2,514
Closed -$51K
DRNA
884
PUT
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
– –
-12,500
Closed -$88K
ALIT.WS
885
DELISTED
Alight Inc Warrants
ALIT.WS
– –
-45,000
Closed -$137K
EUSGW
886
DELISTED
European Sustainable Growth Acquisition Corp. Warrant
EUSGW
– –
-21,671
Closed -$29K
MACQW
887
DELISTED
MCAP Acquisition Corporation Warrants
MACQW
– –
-19,599
Closed -$21K
IIAC.WS
888
DELISTED
Investindustrial Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class
IIAC.WS
– –
-10,000
Closed -$13K
IIAC
889
DELISTED
Investindustrial Acquisition Corp.
IIAC
– –
-19,292
Closed -$192K
KSU
890
CALL
DELISTED
Kansas City Southern
KSU
– –
-21,800
Closed -$65K
KSU
891
PUT
DELISTED
Kansas City Southern
KSU
– –
-5,100
Closed -$12K
SVOKW
892
DELISTED
Seven Oaks Acquisition Corp. Warrant
SVOKW
– –
-169,906
Closed -$136K
FOREU
893
DELISTED
Foresight Acquisition Corp. Units
FOREU
– –
-75,000
Closed -$748K
ENFAU
894
DELISTED
890 5th Avenue Partners Inc Unit
ENFAU
– –
-39,611
Closed -$396K
DSPG
895
CALL
DELISTED
DSP Group Inc
DSPG
– –
-10,000
Closed -$1K
MDP
896
CALL
DELISTED
Meredith Corporation
MDP
– –
-15,200
Closed -$11K
MDP
897
DELISTED
Meredith Corporation
MDP
– –
-7,179
Closed -$400K
MDP
898
PUT
DELISTED
Meredith Corporation
MDP
– –
-17,100
Closed -$25K
XLRN
899
DELISTED
Acceleron Pharma
XLRN
– –
-3,253
Closed -$560K
XLRN
900
PUT
DELISTED
Acceleron Pharma
XLRN
– –
-50,400
Closed -$216K
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
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.