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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
+2.95%
1 Year Est. Return
+60.14%
3 Year Est. Return
+251.81%
5 Year Est. Return
+491.3%
10 Year Est. Return
–
AUM
$970M
AUM Growth
+$79.3M
Cap. Flow
+$89.2M
Cap. Flow %
9.2%
Top 10 Hldgs %
41.13%
Holding
388
New
141
Increased
85
Reduced
42
Closed
92

Top Buys

Rank Stock Value
1
KMP
KINDER MORGAN ENER PNTRS L.P.
KMP
+$39.1M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$35.4M
3
THI
TIM HORTONS INC COM, CANADA
THI
+$27.9M
4
DTV
DIRECTV COM STK (DE)
DTV
+$19.1M
5
ROC
ROCKWOOD HLDGS INC
ROC
+$18.1M

Top Sells

Rank Stock Value
1
FRX
FOREST LABORATORIES INC
FRX
+$72.8M
2
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$17.7M
3
SUSS
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
+$16.8M
4
BKLN icon
Invesco Senior Loan ETF
BKLN
+$13.2M
5
BEAV
B/E Aerospace Inc
BEAV
+$6.19M

Sector Composition

Rank Sector Weight
1 Energy 11.4%
2 Technology 10.93%
3 Communication Services 10.22%
4 Healthcare 7.98%
5 Consumer Discretionary 4.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NDZ
376
DELISTED
NORDION INC COM STK (CDA)
NDZ
– –
-185,399
Closed -$2.33M
IDIX
377
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
– –
-50,815
Closed -$1.23M
IDIX
378
PUT
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
– –
-220,000
Closed -$5.3M
STRZA
379
DELISTED
Starz - Series A
STRZA
– –
-6,800
Closed -$203K
OPEN
380
CALL
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
– –
-47,800
Closed -$4.95M
FIO
381
DELISTED
FUSION-IO INC COM
FIO
– –
-45,001
Closed -$509K
PDH
382
DELISTED
PETROLOGISTICS LP UNIT LTD PARTNERSHIP INT
PDH
– –
-153,530
Closed -$2.21M
FRX
383
DELISTED
FOREST LABORATORIES INC
FRX
– –
-735,130
Closed -$72.8M
TWGP
384
PUT
DELISTED
TOWER GROUP INTL LTD COM STK (BERMUDA)
TWGP
– –
-238,600
Closed -$430K
CTIC
385
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
– –
-2,020
Closed -$57K
DISH
386
CALL
DELISTED
DISH Network Corp.
DISH
– –
-103,600
Closed -$6.74M
NIHD
387
DELISTED
NII HOLDINGS INC CL B
NIHD
– –
-97,466
Closed -$54K
12 13 14 15
16

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CAM
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LC
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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
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CW
Cobiz Wealth Denver, Colorado $506M AUM 11.06% 1-Year Est. Return
SIM
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Cowen Inc's Q3 2014 Portfolio in Review

As of Q3 2014, Cowen Inc held 388 positions worth $970M, up 8.9% from $891M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Cowen Inc deployed $89.2M of net new capital in Q3 2014, opening 141 new positions and adding to 85 existing holdings. Its largest new stake was KINDER MORGAN ENER PNTRS L.P.: 439,534 shares worth $41M.

By sector, the portfolio is most concentrated in Energy at 11% of assets, up from 5.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was COVIDIEN PLC COM SHS NEW (IRELAND), an estimated $17.7M trimmed.

  • Cowen Inc's largest Q3 2014 buy was KINDER MORGAN ENER PNTRS L.P.: 439,534 shares worth $41M.
  • Cowen Inc added most to TIME WARNER CABLE INC NEW COM STK in Q3 2014, an estimated $35.4M increase.
  • Cowen Inc's biggest Q3 2014 reduction was COVIDIEN PLC COM SHS NEW (IRELAND), cutting an estimated $17.7M.
  • Cowen Inc fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $72.8M.
  • Cowen Inc's ten largest holdings make up 41% of its $970M portfolio in Q3 2014.
  • Cowen Inc opened 141 new positions and closed 92 in Q3 2014.
  • Cowen Inc's portfolio value rose 8.9% quarter-over-quarter to $970M.

Based on Cowen Inc's 13F filing for Q3 2014, filed 17 Nov 2014.