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CI

Cowen Inc Portfolio holdings

AUM $1.39B
1-Year Est. Return 60.14%
This Fund
S&P 500
This Quarter Est. Return
+9.72%
1 Year Est. Return
+60.14%
3 Year Est. Return
+251.81%
5 Year Est. Return
+491.3%
10 Year Est. Return
–
AUM
$1.37B
AUM Growth
-$296M
Cap. Flow
-$347M
Cap. Flow %
-25.26%
Top 10 Hldgs %
45.03%
Holding
399
New
155
Increased
43
Reduced
65
Closed
104

Top Buys

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$83.6M
2
SNDK
SANDISK CORP
SNDK
+$47.9M
3
AGN
Allergan plc
AGN
+$38.7M
4
SYA
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
+$38.3M
5
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
+$18.6M

Top Sells

Rank Stock Value
1
CI icon
Cigna
CI
+$97.3M
2
CB
CHUBB CORPORATION
CB
+$77.2M
3
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
+$40.4M
4
ALTR
Altera Corp
ALTR
+$34M
5
HUM icon
Humana
HUM
+$32.8M

Sector Composition

Rank Sector Weight
1 Industrials 11.09%
2 Healthcare 9.25%
3 Technology 8.98%
4 Financials 4.97%
5 Consumer Discretionary 4.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUM icon
101
CALL
Yum! Brands
YUM
$43.3B
$2.46M 0.18%
+46,877
New +$2.45M
HZNP
102
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$2.42M 0.18%
+111,600
New +$2.17M
MEG
103
DELISTED
Media General, Inc
MEG
$2.32M 0.17%
+143,800
New +$2.17M
JACK icon
104
Jack in the Box
JACK
$312M
$2.3M 0.17%
+29,928
New +$2.27M
KLAC icon
105
KLA
KLAC
$236B
$2.29M 0.17%
+330,840
New +$2.12M
SN
106
DELISTED
Sanchez Energy Corporation
SN
$2.23M 0.16%
516,857
-37,600
-7% -$212K
TEVA icon
107
Teva Pharmaceuticals
TEVA
$41.2B
$2.19M 0.16%
33,314
+8,260
+33% +$510K
HAIN icon
108
Hain Celestial
HAIN
$44.4M
$2.17M 0.16%
+53,662
New +$2.43M
GDX icon
109
PUT
VanEck Gold Miners ETF
GDX
$23.5B
$2.12M 0.15%
154,200
+76,200
+98% +$1.11M
CMG icon
110
PUT
Chipotle Mexican Grill
CMG
$48.8B
$2.11M 0.15%
+220,000
New +$2.69M
WWE
111
DELISTED
World Wrestling Entertainment
WWE
$2.1M 0.15%
+117,568
New +$2.11M
TE
112
DELISTED
TECO ENERGY INC
TE
$2.1M 0.15%
+78,700
New +$2.1M
ET icon
113
CALL
Energy Transfer Partners
ET
$69.6B
$2.08M 0.15%
151,400
-562,300
-79% -$10.5M
MMP
114
DELISTED
Magellan Midstream Partners, L.P.
MMP
$2.01M 0.15%
29,587
+3,260
+12% +$211K
EMC
115
PUT
DELISTED
EMC CORPORATION
EMC
$1.99M 0.14%
+77,300
New +$2.01M
PPLI
116
CALL
People Inc
PPLI
$3.08B
$1.98M 0.14%
+184,089
New +$2.13M
PNK
117
DELISTED
Pinnacle Entertainment Inc.
PNK
$1.95M 0.14%
62,498
-39,396
-39% -$1.33M
REXI
118
DELISTED
RESOURCE AMERICA INC CL-A
REXI
$1.92M 0.14%
+313,052
New +$1.92M
DDC
119
DELISTED
Dominion Diamond Corporation
DDC
$1.87M 0.14%
+182,922
New +$1.77M
GE icon
120
PUT
GE Aerospace
GE
$368B
$1.87M 0.14%
12,520
– –
CELG
121
CALL
DELISTED
Celgene Corp
CELG
$1.8M 0.13%
15,000
– –
BKD icon
122
CALL
Brookdale Senior Living
BKD
$3.49B
$1.77M 0.13%
95,700
+10,800
+13% +$233K
CI icon
123
Cigna
CI
$76.1B
$1.76M 0.13%
12,064
-707,899
-98% -$97.3M
BPL
124
DELISTED
Buckeye Partners, L.P.
BPL
$1.73M 0.13%
26,200
+8,200
+46% +$537K
NCLH icon
125
Norwegian Cruise Line
NCLH
$8.59B
$1.71M 0.12%
+29,243
New +$1.72M
3 4
5
6 7

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LC
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LIC
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CB
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HA
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KPAG
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CW
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SIM
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Cowen Inc's Q4 2015 Portfolio in Review

As of Q4 2015, Cowen Inc held 399 positions worth $1.37B, down 18% from $1.67B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Cowen Inc withdrew a net $347M in Q4 2015, closing 104 positions and reducing 65 holdings. Its most notable exit was VelocityShares Daily Inverse VIX Short Term ETN, an estimated $40.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 9.6% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Cowen Inc opened a new position in SANDISK CORP worth $49.7M.

  • Cowen Inc's largest Q4 2015 buy was SANDISK CORP: 654,587 shares worth $49.7M.
  • Cowen Inc added most to EMC CORPORATION in Q4 2015, an estimated $83.6M increase.
  • Cowen Inc's biggest Q4 2015 reduction was Cigna, cutting an estimated $97.3M.
  • Cowen Inc fully exited VelocityShares Daily Inverse VIX Short Term ETN in Q4 2015, selling an estimated $40.4M.
  • Cowen Inc's ten largest holdings make up 45% of its $1.37B portfolio in Q4 2015.
  • Cowen Inc opened 155 new positions and closed 104 in Q4 2015.
  • Cowen Inc's portfolio value fell 18% quarter-over-quarter to $1.37B.

Based on Cowen Inc's 13F filing for Q4 2015, filed 9 Feb 2016.