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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
+18.1%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$1.52B
AUM Growth
+$95.3M
Cap. Flow
-$53M
Cap. Flow %
-3.48%
Top 10 Hldgs %
46.4%
Holding
811
New
169
Increased
201
Reduced
172
Closed
223

Top Buys

Rank Stock Value
1
PTCT icon
PTC Therapeutics
PTCT
+$66.9M
2
SAGE
Sage Therapeutics
SAGE
+$26.6M
3
IMO icon
Imperial Oil
IMO
+$24.9M
4
COIN icon
Coinbase
COIN
+$22.5M
5
ANSCU
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
+$21.6M

Top Sells

Rank Stock Value
1
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$48.7M
2
AAC
Ares Acquisition Corporation
AAC
+$36.4M
3
PTGX icon
Protagonist Therapeutics
PTGX
+$27.6M
4
HCVIU
Hennessy Capital Investment Corp. VI Unit
HCVIU
+$17.4M
5
NETD
Nabors Energy Transition Corp II
NETD
+$16.9M

Sector Composition

Rank Sector Weight
1 Healthcare 30.8%
2 Financials 24.54%
3 Technology 21.73%
4 Communication Services 4.41%
5 Energy 3.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IGTA
151
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$1.07M 0.07%
100,513
+50,513
+101% +$537K
FAAS
152
DELISTED
DigiAsia
FAAS
$1.06M 0.07%
98,000
-46,354
-32% -$517K
PPYA
153
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$1.05M 0.07%
97,616
– –
SOC icon
154
Sable Offshore Corp
SOC
$976M
$1.05M 0.07%
+91,989
New +$991K
VSAC
155
DELISTED
Vision Sensing Acquisition Corp. Class A Common Stock
VSAC
$995K 0.07%
+90,000
New +$995K
AACI
156
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$983K 0.06%
91,230
+59,090
+184% +$634K
MITA
157
DELISTED
Coliseum Acquisition Corp. Class A Ordinary Share
MITA
$959K 0.06%
89,983
-100,845
-53% -$1.08M
STHO icon
158
Star Holdings Shares of Beneficial Interest
STHO
$114M
$912K 0.06%
+60,871
New +$759K
SPKL
159
Spark I Acquisition Corp
SPKL
$101M
$879K 0.06%
+86,664
New +$877K
EMCG
160
DELISTED
Embrace Change Acquisition Corp
EMCG
$876K 0.06%
+80,000
New +$870K
IPG
161
DELISTED
Interpublic Group of Companies
IPG
$871K 0.06%
+26,676
New +$803K
BIIB icon
162
Biogen
BIIB
$30.6B
$861K 0.06%
+3,326
New +$817K
ARIZ
163
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$849K 0.06%
+77,786
New +$839K
CMI icon
164
Cummins
CMI
$87.4B
$838K 0.06%
+3,500
New +$796K
NRAC
165
DELISTED
Northern Revival Acquisition Corporation Class A Ordinary Share
NRAC
$837K 0.05%
+76,775
New +$837K
WRAC
166
DELISTED
Williams Rowland Acquisition Corp.
WRAC
$832K 0.05%
+79,364
New +$832K
FORL
167
DELISTED
Four Leaf Acquisition Corp
FORL
$812K 0.05%
77,177
-7,721
-9% -$81.1K
BHAC
168
DELISTED
Focus Impact BH3 Acquisition Company Class A Common Stock
BHAC
$785K 0.05%
+75,000
New +$781K
CTOR
169
Citius Oncology
CTOR
$68.6M
$778K 0.05%
71,077
+42,814
+151% +$466K
CHPT icon
170
ChargePoint
CHPT
$158M
$709K 0.05%
+15,155
New +$848K
SWAV
171
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$669K 0.04%
+3,510
New +$663K
GCMGW
172
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
$662K 0.04%
1,839,371
-63,205
-3% -$20.1K
MIR.WS
173
DELISTED
Mirion Technologies, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
MIR.WS
$646K 0.04%
+318,189
New +$480K
SLGC
174
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
$625K 0.04%
247,226
– –
BYND icon
175
Beyond Meat
BYND
$268M
$623K 0.04%
+70,000
New +$550K
5 6
7
8 9

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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
Pensioenfonds Rail & OV Utrecht, Netherlands $1.44B AUM 23.73% 1-Year Est. Return

Cowen and Company's Q4 2023 Portfolio in Review

As of Q4 2023, Cowen and Company held 811 positions worth $1.52B, up 6.7% from $1.43B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Cowen and Company withdrew a net $53M in Q4 2023, closing 223 positions and reducing 172 holdings. Its most notable exit was AdvisorShares Pure US Cannabis ETF, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 31% of assets, up from 22% a quarter earlier, followed by Financials and Technology.

Against the trend, Cowen and Company opened a new position in Sage Therapeutics worth $29M.

  • Cowen and Company's largest Q4 2023 buy was Sage Therapeutics: 1,339,971 shares worth $29M.
  • Cowen and Company added most to PTC Therapeutics in Q4 2023, an estimated $66.9M increase.
  • Cowen and Company's biggest Q4 2023 reduction was Nabors Energy Transition Corp II, cutting an estimated $16.9M.
  • Cowen and Company fully exited AdvisorShares Pure US Cannabis ETF in Q4 2023, selling an estimated $48.7M.
  • Cowen and Company's ten largest holdings make up 46% of its $1.52B portfolio in Q4 2023.
  • Cowen and Company opened 169 new positions and closed 223 in Q4 2023.
  • Cowen and Company's portfolio value rose 6.7% quarter-over-quarter to $1.52B.

Based on Cowen and Company's 13F filing for Q4 2023, filed 8 Feb 2024.