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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
ASTLW icon
201
Algoma Steel Group Warrant
ASTLW
$314K
$261K 0.02%
+141,934
New +$167K
WESTW
202
DELISTED
Westrock Coffee Company Warrants
WESTW
$252K 0.02%
+109,674
New +$190K
KCGI.WS
203
DELISTED
Kensington Capital Acquisition Corp. V Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
KCGI.WS
$248K 0.02%
2,476,875
+574,362
+30% +$66.3K
QETA icon
204
Quetta Acquisition Corp
QETA
$241K 0.02%
+23,847
New +$241K
COOL
205
DELISTED
Corner Growth Acquisition Corp. Class A Ordinary Shares
COOL
$240K 0.02%
+22,498
New +$244K
FOA.WS
206
DELISTED
Finance of America Companies Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an exercise price of $11.50
FOA.WS
$238K 0.02%
2,979,644
+29,180
+1% +$2.54K
ALSA
207
DELISTED
Alpha Star Acquisition Corp
ALSA
$228K 0.01%
+20,344
New +$227K
ONYX
208
DELISTED
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
$226K 0.01%
+20,576
New +$225K
CHEA
209
DELISTED
Chenghe Acquisition Co. Class A Ordinary Share
CHEA
$195K 0.01%
+17,693
New +$193K
BYNO
210
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
$193K 0.01%
17,658
-6
-0% -$65
BWAQ
211
DELISTED
Blue World Acquisition Corporation Class A Ordinary Shares
BWAQ
$188K 0.01%
17,056
-8,727
-34% -$95.2K
EOSEW
212
Eos Energy Enterprises Warrant
EOSEW
$27.7M
$185K 0.01%
925,273
+428,426
+86% +$124K
NETDW
213
DELISTED
Nabors Energy Transition Corp II Warrant
NETDW
$185K 0.01%
1,419,688
+106,176
+8% +$15.2K
ZPTAW
214
DELISTED
Zapata Computing Holdings Inc. Warrant
ZPTAW
$184K 0.01%
668,000
+14,810
+2% +$3.78K
SMR.WS
215
DELISTED
NuScale Power Corporation Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
SMR.WS
$183K 0.01%
590,000
+510,900
+646% +$213K
LTHM
216
DELISTED
Livent Corporation
LTHM
$180K 0.01%
+10,000
New +$156K
HLLY.WS
217
DELISTED
Holley Inc Warrants
HLLY.WS
$180K 0.01%
326,906
+43,915
+16% +$21.2K
ATMC
218
DELISTED
AlphaTime Acquisition Corp
ATMC
$179K 0.01%
16,699
-96,858
-85% -$1.04M
APXI
219
DELISTED
APx Acquisition Corp. I Class A Ordinary Share
APXI
$169K 0.01%
+15,072
New +$166K
DMAQR
220
DELISTED
Deep Medicine Acquisition Corp. Rights
DMAQR
$166K 0.01%
553,167
-118,047
-18% -$36.5K
OSRH
221
OSR Health
OSRH
$14.4M
$165K 0.01%
+15,750
New +$165K
WALDW icon
222
Waldencast PLC Warrant
WALDW
$4.03M
$160K 0.01%
165,000
+103,900
+170% +$73.1K
GRML
223
Greenland Mines Ltd
GRML
$30.1M
$160K 0.01%
+14,945
New +$160K
KDKRW
224
Kodiak AI Warrants
KDKRW
$159K 0.01%
1,045,882
+348,877
+50% +$67.3K
JSPR icon
225
Jasper Therapeutics
JSPR
$26.6M
$158K 0.01%
20,000
-39
-0.2% -$262
7 8
9
10 11

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FPCG
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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.