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Cowen Inc Portfolio holdings

AUM $1.39B
1-Year Est. Return 60.14%
This Fund
S&P 500
This Quarter Est. Return
+7.55%
1 Year Est. Return
+60.14%
3 Year Est. Return
+251.81%
5 Year Est. Return
+491.3%
10 Year Est. Return
–
AUM
$595M
AUM Growth
-$82.7M
Cap. Flow
-$109M
Cap. Flow %
-18.3%
Top 10 Hldgs %
41.11%
Holding
335
New
118
Increased
36
Reduced
41
Closed
120

Top Buys

Rank Stock Value
1
OMC icon
Omnicom Group
OMC
+$16.1M
2
COWN
Cowen Inc. Class A Common Stock
COWN
+$10.4M
3
APD icon
Air Products & Chemicals
APD
+$4.87M
4
ASH icon
Ashland
ASH
+$3.97M
5
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
+$3.52M

Top Sells

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$97.4M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$42.3M
3
ONXX
ONYX PHARMACEUTICALS INC
ONXX
+$21.1M
4
NYX
NYSE EURONEXT INC
NYX
+$17.4M
5
DELL
DELL INC
DELL
+$13.3M

Sector Composition

Rank Sector Weight
1 Technology 7.14%
2 Industrials 4.24%
3 Energy 3.98%
4 Communication Services 3.83%
5 Consumer Discretionary 3.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NGD
251
DELISTED
New Gold Inc
NGD
– –
-10,300
Closed -$62K
NVRI icon
252
CALL
Enviri
NVRI
$632M
– –
-20,000
Closed -$498K
NWS icon
253
News Corp Class B
NWS
$16.9B
– –
-27,000
Closed -$444K
OXY icon
254
CALL
Occidental Petroleum
OXY
$55.9B
– –
-2,818
Closed -$253K
PKG icon
255
CALL
Packaging Corp of America
PKG
$21.9B
– –
-87,900
Closed -$5.02M
PRGO icon
256
CALL
Perrigo
PRGO
$1.42B
– –
-55,400
Closed -$6.83M
PRGO icon
257
PUT
Perrigo
PRGO
$1.42B
– –
-14,900
Closed -$1.84M
RGEN icon
258
CALL
Repligen
RGEN
$8B
– –
-70,000
Closed -$776K
RMD icon
259
PUT
ResMed
RMD
$30B
– –
-12,500
Closed -$660K
SBSW icon
260
Sibanye-Stillwater
SBSW
$6.24B
– –
-131,274
Closed -$645K
SEE
261
DELISTED
Sealed Air
SEE
– –
-23,500
Closed -$716K
SEE
262
PUT
DELISTED
Sealed Air
SEE
– –
-22,000
Closed -$598K
TDS icon
263
Telephone and Data Systems
TDS
$3.8B
– –
-23,428
Closed -$692K
TRX icon
264
TRX Gold Corp
TRX
$257M
– –
-12,300
Closed -$31K
VGZ icon
265
Vista Gold
VGZ
$254M
– –
-93,800
Closed -$43K
VWO icon
266
Vanguard FTSE Emerging Markets ETF
VWO
$121B
– –
-324,110
Closed -$13M
AUMN
267
DELISTED
Golden Minerals Company
AUMN
– –
-1,912
Closed -$45K
PACW
268
DELISTED
PacWest Bancorp
PACW
– –
-7,376
Closed -$253K
CEQP
269
DELISTED
Crestwood Equity Partners LP
CEQP
– –
-2,575
Closed -$355K
AMRS
270
DELISTED
Amyris Inc.
AMRS
– –
-2,853
Closed -$99K
MTEM
271
DELISTED
Molecular Templates, Inc.
MTEM
– –
-121
Closed -$93K
AJRD
272
DELISTED
Aerojet Rocketdyne Holdings
AJRD
– –
-22,500
Closed -$361K
NUAN
273
PUT
DELISTED
Nuance Communications, Inc.
NUAN
– –
-155,925
Closed -$2.52M
GSS
274
DELISTED
Golden Star Resources Ltd.
GSS
– –
-6,320
Closed -$13K
CTB
275
CALL
DELISTED
Cooper Tire & Rubber Co.
CTB
– –
-118,900
Closed -$3.66M
9 10
11
12 13

Similar funds

CAM
Cortina Asset Management Milwaukee, Wisconsin $1.62B AUM 15.44% 1-Year Est. Return
LC
Lourd Capital Beverly Hills, California $1.08B AUM 8.79% 1-Year Est. Return
LIC
Lodestar Investment Counsel Chicago, Illinois $974M AUM 13.79% 1-Year Est. Return
CB
Chemical Bank Detroit, Michigan $881M AUM 4.54% 1-Year Est. Return
HA
Highland Associates Birmingham, Alabama $699M AUM 8.2% 1-Year Est. Return
KPAG
KLS Professional Advisors Group New York $2.15B AUM 6.46% 1-Year Est. Return
CW
Cobiz Wealth Denver, Colorado $506M AUM 11.06% 1-Year Est. Return
SIM
Stelliam Investment Management New York $404M AUM 5.1% 1-Year Est. Return

Cowen Inc's Q4 2013 Portfolio in Review

As of Q4 2013, Cowen Inc held 335 positions worth $595M, down 12% from $678M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Cowen Inc withdrew a net $109M in Q4 2013, closing 120 positions and reducing 41 holdings. Its most notable exit was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $97.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 7.1% of assets, up from 2.2% a quarter earlier, followed by Industrials and Energy.

Against the trend, Cowen Inc opened a new position in Omnicom Group worth $17.4M.

  • Cowen Inc's largest Q4 2013 buy was Omnicom Group: 234,006 shares worth $17.4M.
  • Cowen Inc added most to Cowen Inc. Class A Common Stock in Q4 2013, an estimated $10.4M increase.
  • Cowen Inc's biggest Q4 2013 reduction was LENDER PROCESSING SERVICES INC, cutting an estimated $5.66M.
  • Cowen Inc fully exited State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2013, selling an estimated $97.4M.
  • Cowen Inc's ten largest holdings make up 41% of its $595M portfolio in Q4 2013.
  • Cowen Inc opened 118 new positions and closed 120 in Q4 2013.
  • Cowen Inc's portfolio value fell 12% quarter-over-quarter to $595M.

Based on Cowen Inc's 13F filing for Q4 2013, filed 13 Feb 2014.