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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
+120.06%
5 Year Est. Return
+670.57%
10 Year Est. Return
–
AUM
$1.1B
AUM Growth
-$1.01B
(-48%)
Cap. Flow
-$635M
Cap. Flow
% of AUM
-57.59%
Top 10 Holdings %
Top 10 Hldgs %
36.04%
Holding
915
New
342
Increased
119
Reduced
101
Closed
282
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 |
ARK Innovation ETF
ARKK
|
+$27.3M |
| 5 |
Advanced Micro Devices
AMD
|
+$22.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$268M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$196M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$146M |
| 4 |
Lowe's Companies
LOW
|
+$105M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
IPOF
1
DELISTED
Social Capital Hedosophia Holdings Corp. VI
IPOF
| $66.7M | 6.05% |
6,549,093
+6,337,847
| +3,000% | +$65.1M |
|
2
Establishment Labs
ESTA
$2.71B
| $54.8M | 4.97% |
810,687
+187,000
| +30% | +$13.1M |
|
3
FTAI Aviation
FTAI
$20.2B
| $54.6M | 4.95% |
2,211,715
+368,665
| +20% | +$8.06M |
|
4
Sumitomo Mitsui Financial
SMFG
$159B
| $40.6M | 3.68% |
5,976,605
| – | – |
|
|
CTLP
5
DELISTED
Cantaloupe
CTLP
| $34.7M | 3.14% |
3,903,464
+1,330,476
| +52% | +$13.2M |
|
|
CCVI
6
DELISTED
Churchill Capital Corp VI
CCVI
| $34.2M | 3.1% |
+3,494,970
| New | +$34.4M |
|
|
AVDL
7
DELISTED
Avadel Pharmaceuticals
AVDL
| $30.2M | 2.74% |
3,732,778
+1,207,326
| +48% | +$11M |
|
|
PEGR
8
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
| $29.7M | 2.69% |
+3,000,000
| New | +$29.1M |
|
|
9
Advanced Micro Devices
AMD
$700B
| $27.5M | 2.49% |
191,007
+167,861
| +725% | +$22.6M |
|
10
Apyx Medical
APYX
$162M
| $24.4M | 2.21% |
1,902,003
+23,000
| +1% | +$322K |
|
|
11
ARK Innovation ETF
ARKK
$5.59B
| $23.6M | 2.14% |
+250,000
| New | +$27.3M |
|
12
Rocket Pharmaceuticals
RCKT
$343M
| $21.8M | 1.98% |
1,000,000
| – | – |
|
13
Innoviz Technologies
INVZ
$84.1M
| $20.6M | 1.87% |
3,249,862
+2,324,844
| +251% | +$13.3M |
|
14
Energy Transfer Partners
ET
$69.5B
| $18.4M | 1.67% |
+2,236,536
| New | +$20.3M |
|
15
Celldex Therapeutics
CLDX
$2.94B
| $18M | 1.64% |
466,591
-182,687
| -28% | -$7.96M |
|
16
Exagen
XGN
$105M
| $16.1M | 1.46% |
1,384,631
| – | – |
|
|
HCVIU
17
DELISTED
Hennessy Capital Investment Corp. VI Unit
HCVIU
| $15M | 1.36% |
1,500,000
-5,953
| -0.4% | -$59.4K |
|
18
ProQR Therapeutics
PRQR
$244M
| $12.5M | 1.14% |
1,564,844
+1,298,183
| +487% | +$9.89M |
|
19
Tarsus Pharmaceuticals
TARS
$2.55B
| $11.6M | 1.05% |
514,289
| – | – |
|
|
VMW
20
DELISTED
VMware, Inc
VMW
| $11.4M | 1.03% |
98,300
-1,932
| -2% | -$254K |
|
|
BWAY
21
Brainsway
BWAY
$568M
| $10.8M | 0.98% |
2,794,818
| – | – |
|
|
SNCE
22
DELISTED
Science 37 Holdings, Inc. Common Stock
SNCE
| $9.86M | 0.89% |
39,533
+2,915
| +8% | +$647K |
|
|
ADER
23
DELISTED
26 Capital Acquisition Corp
ADER
| $9.85M | 0.89% |
+1,000,000
| New | +$9.85M |
|
|
24
PUT
ARK Innovation ETF
ARKK
$5.59B
| $9.8M | 0.89% |
+265,000
| New | +$28.9M |
|
25
BHP
BHP
$211B
| $9.35M | 0.85% |
173,755
| – | – |
|
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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 282 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 282 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.