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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
SBXC
176
DELISTED
SilverBox Corp III
SBXC
$566K 0.04%
54,761
-241,304
-82% -$2.48M
HCMA
177
DELISTED
HCM Acquisition Corp Class A Ordinary Shares
HCMA
$559K 0.04%
+50,000
New +$555K
ROSS
178
DELISTED
Ross Acquisition Corp II
ROSS
$547K 0.04%
50,219
-105,710
-68% -$1.15M
BLUA
179
DELISTED
BlueRiver Acquisition Corp.
BLUA
$533K 0.04%
+50,000
New +$530K
IMUX icon
180
Immunic
IMUX
$192M
$476K 0.03%
31,706
– –
PG icon
181
Procter & Gamble
PG
$340B
$460K 0.03%
+3,141
New +$465K
TBLAW
182
DELISTED
Taboola.com Ltd Warrant
TBLAW
$452K 0.03%
1,005,322
+307,822
+44% +$118K
ATEK
183
DELISTED
Athena Technology Acquisition Corp. II
ATEK
$440K 0.03%
40,506
+11,193
+38% +$121K
ALUR.WS
184
DELISTED
Allurion Technologies Warrants
ALUR.WS
$435K 0.03%
966,740
+186,240
+24% +$123K
UUUU icon
185
Energy Fuels
UUUU
$3.57B
$431K 0.03%
+60,000
New +$464K
SCRMW
186
DELISTED
Screaming Eagle Acquisition Corp. Warrant
SCRMW
$430K 0.03%
954,310
+564,253
+145% +$89.9K
ETWO.WS
187
DELISTED
E2open Parent Holdings, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an exercise price of $11.50
ETWO.WS
$405K 0.03%
1,445,623
+845,943
+141% +$296K
IMAQ
188
DELISTED
International Media Acquisition Corp. Class A Common Stock
IMAQ
$402K 0.03%
35,505
-122
-0.3% -$1.37K
WDC icon
189
Western Digital
WDC
$151B
$396K 0.03%
+10,016
New +$351K
HYAC.WS
190
DELISTED
Haymaker Acquisition Corp 4 Warrants
HYAC.WS
$396K 0.03%
2,530,000
+764,443
+43% +$173K
LVWR.WS icon
191
LiveWire Group Warrants
LVWR.WS
$6.66M
$376K 0.02%
925,672
-641,812
-41% -$204K
GCTS.WS
192
GCT Semiconductor Holding Warrants
GCTS.WS
$22.1M
$343K 0.02%
3,428,099
+109,427
+3% +$12.3K
CUTR
193
DELISTED
Cutera, Inc.
CUTR
$337K 0.02%
95,517
– –
LEXX icon
194
Lexaria Bioscience
LEXX
$9.07M
$320K 0.02%
+17,088
New +$330K
CLBTW
195
DELISTED
Cellebrite DI Ltd. Warrants
CLBTW
$314K 0.02%
200,000
+23,874
+14% +$28K
ABLLW
196
DELISTED
Abacus Life Warrant
ABLLW
$299K 0.02%
400,000
-20,668
-5% -$8.19K
NETD
197
DELISTED
Nabors Energy Transition Corp II
NETD
$297K 0.02%
28,533
-1,648,925
-98% -$16.9M
HCVI
198
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$287K 0.02%
27,501
-674,974
-96% -$7.02M
LDTC
199
DELISTED
LeddarTech
LDTC
$266K 0.02%
+104,310
New +$507K
RMGC
200
DELISTED
RMG Acquisition Corp. III Class A Ordinary Shares
RMGC
$261K 0.02%
25,000
-13,885
-36% -$147K
6 7
8
9 10

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PWLP
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FPCG
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SI
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BC
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FTDI
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CIM
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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.