Cowen and Company Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$112M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$111M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$69.2M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$68.6M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$49.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NKLA
Nikola Corporation Common Stock
NKLA
|
+$40M |
| 2 |
ALBO
Albireo Pharma Inc
ALBO
|
+$20M |
| 3 |
AvePoint
AVPT
|
+$14.5M |
| 4 |
McDonald's
MCD
|
+$10.2M |
| 5 |
CMRC
Commerce.com Inc Series 1
CMRC
|
+$5.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.86% |
| 2 | Healthcare | 4.92% |
| 3 | Technology | 4.04% |
| 4 | Communication Services | 3.4% |
| 5 | Industrials | 2.33% |
Similar funds
Cowen and Company's Q4 2020 Portfolio in Review
As of Q4 2020, Cowen and Company held 669 positions worth $1.12B, up 83% from $613M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Cowen and Company deployed $424M of net new capital in Q4 2020, opening 238 new positions and adding to 59 existing holdings. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 825,000 shares worth $114M.
By sector, the portfolio is most concentrated in Financials at 8.9% of assets, up from 8.4% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was McDonald's, an estimated $10.2M trimmed.
- Cowen and Company's largest Q4 2020 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 825,000 shares worth $114M.
- Cowen and Company added most to Invesco QQQ Trust in Q4 2020, an estimated $68.6M increase.
- Cowen and Company's biggest Q4 2020 reduction was McDonald's, cutting an estimated $10.2M.
- Cowen and Company fully exited Nikola Corporation Common Stock in Q4 2020, selling an estimated $40M.
- Cowen and Company's ten largest holdings make up 69% of its $1.12B portfolio in Q4 2020.
- Cowen and Company opened 238 new positions and closed 278 in Q4 2020.
- Cowen and Company's portfolio value rose 83% quarter-over-quarter to $1.12B.
Based on Cowen and Company's 13F filing for Q4 2020, filed 8 Feb 2021.