We are live on ! Find out more
CIM

Cowen Investment Management Portfolio holdings

AUM $12M
1-Year Est. Return 1.47%
This Fund
S&P 500
This Quarter Est. Return
+5%
1 Year Est. Return
-1.47%
3 Year Est. Return
+1.87%
5 Year Est. Return
-37.7%
10 Year Est. Return
–
AUM
$310M
AUM Growth
-$31.8M
Cap. Flow
-$36.7M
Cap. Flow %
-11.85%
Top 10 Hldgs %
43.18%
Holding
127
New
32
Increased
16
Reduced
5
Closed
32

Top Buys

Rank Stock Value
1
BP icon
BP
BP
+$22.8M
2
LBRDA icon
Liberty Broadband Class A
LBRDA
+$12.4M
3
RIO icon
Rio Tinto
RIO
+$11.2M
4
HPK icon
HighPeak Energy
HPK
+$6.49M
5
SFTW.U
Osprey Technology Acquisition Corp. Units, each consisting of one share of Class A Common Stock and
SFTW.U
+$5.52M

Top Sells

Rank Stock Value
1
TD icon
Toronto Dominion Bank
TD
+$58.3M
2
VOD icon
Vodafone
VOD
+$19.9M
3
BRMK
Broadmark Realty Capital Inc. Common Stock
BRMK
+$15.6M
4
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$7.44M
5
SEGG
Sports Entertainment Gaming Global Corp
SEGG
+$7.29M

Sector Composition

Rank Sector Weight
1 Energy 15.21%
2 Financials 14.24%
3 Communication Services 13.64%
4 Materials 5.61%
5 Industrials 4.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LTM
76
PUT
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
$805K 0.26%
120,100
+45,300
+61% +$506K
RY icon
77
Royal Bank of Canada
RY
$292B
$762K 0.25%
+9,626
New +$775K
USO icon
78
PUT
United States Oil Fund
USO
$1.8B
$432K 0.14%
45,000
+1,250
+3% +$119K
CHNGU
79
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$355K 0.11%
+5,800
New +$298K
IWM icon
80
CALL
iShares Russell 2000 ETF
IWM
$81.8B
$335K 0.11%
125,000
– –
AVP
81
DELISTED
Avon Products, Inc.
AVP
$309K 0.1%
+54,800
New +$255K
DPHCW
82
DELISTED
DiamondPeak Holdings Corp. Warrant
DPHCW
$308K 0.1%
+400,000
New +$313K
LGC.WS
83
DELISTED
Legacy Acquisition Corp. Warrants, exercisable for one-half of one share of Class A Common Stock for
LGC.WS
$215K 0.07%
400,000
– –
FPAC.WS
84
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$194K 0.06%
+150,000
New +$184K
BTRSW
85
DELISTED
BTRS Holdings Inc. Warrants
BTRSW
$135K 0.04%
+150,000
New +$128K
MUDSW
86
DELISTED
Mudrick Capital Acquisition Corporation Warrant
MUDSW
$123K 0.04%
250,000
– –
GSAH.WS
87
DELISTED
GS Acquisition Holdings Corp Warrants, each whole warrant exercisable for one share of Class A Commo
GSAH.WS
$115K 0.04%
+50,000
New +$85.6K
CCH.WS
88
DELISTED
Collier Creek Holdings Warrants, each whole warrant exercisable for one Class A ordinary share at an
CCH.WS
$93K 0.03%
66,666
– –
NEBUW
89
DELISTED
Nebula Acquisition Corporation Warrant
NEBUW
$42K 0.01%
+33,333
New +$33.1K
MOSC.WS
90
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
$24K 0.01%
25,000
– –
SPY icon
91
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$807B
$18K 0.01%
+20,000
New +$6.16M
LTRYW icon
92
Sports Entertainment Gaming Global Corp Warrants
LTRYW
$755
$15K ﹤0.01%
+154,300
New +$16.1K
TKKSR
93
DELISTED
TKK Symphony Acquisition Corporation Right
TKKSR
$14K ﹤0.01%
57,500
– –
GLD icon
94
PUT
SPDR Gold Trust
GLD
$143B
$7K ﹤0.01%
50,000
+5,000
+11% +$699K
TKKSW
95
DELISTED
TKK Symphony Acquisition Corporation Warrant
TKKSW
$3K ﹤0.01%
57,500
– –
ACEL icon
96
Accel Entertainment
ACEL
$995M
– –
-100,000
Closed -$1.03M
BROG
97
DELISTED
Brooge Energy
BROG
– –
-300,000
Closed -$3.07M
DSX icon
98
Diana Shipping
DSX
$294M
– –
-153,617
Closed -$363K
GSK icon
99
GSK
GSK
$102B
– –
-32,722
Closed -$1.75M
HSBC icon
100
HSBC
HSBC
$355B
– –
-179,884
Closed -$6.88M
2 3
4
5 6

Similar funds

SFG
Susquehanna Financial Group Bala Cynwyd, Pennsylvania $10.9M AUM
AMG
Ace Management Global Sao Paulo, Brazil $7.88M AUM 47.04% 1-Year Est. Return
B
Braslyn New Providence, Bahamas $7.81M AUM 338.68% 1-Year Est. Return
XS
XR Securities Chicago, Illinois $5.35M AUM 26.1% 1-Year Est. Return
AH
Aviva Holdings New Providence, Bahamas $20.5M AUM 117.01% 1-Year Est. Return
MFAM
M Financial Asset Management Portland, Oregon $20.6M AUM 4.99% 1-Year Est. Return
ZIMP
Zimmermann Investment Management & Planning New Cumberland, Pennsylvania $2.27M AUM 29.81% 1-Year Est. Return
RCI
Ridgeback Capital Investments Miami Beach, Florida $560K AUM

Cowen Investment Management's Q4 2019 Portfolio in Review

As of Q4 2019, Cowen Investment Management held 127 positions worth $310M, down 9.3% from $341M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Cowen Investment Management withdrew a net $36.7M in Q4 2019, closing 32 positions and reducing 5 holdings. Its most notable exit was Toronto Dominion Bank, an estimated $58.3M position sold in full.

By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 7.8% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Cowen Investment Management opened a new position in BP worth $22.7M.

  • Cowen Investment Management's largest Q4 2019 buy was BP: 600,187 shares worth $22.7M.
  • Cowen Investment Management added most to Liberty Broadband Class A in Q4 2019, an estimated $12.4M increase.
  • Cowen Investment Management's biggest Q4 2019 reduction was Lloyds Banking Group, cutting an estimated $3.31M.
  • Cowen Investment Management fully exited Toronto Dominion Bank in Q4 2019, selling an estimated $58.3M.
  • Cowen Investment Management's ten largest holdings make up 43% of its $310M portfolio in Q4 2019.
  • Cowen Investment Management opened 32 new positions and closed 32 in Q4 2019.
  • Cowen Investment Management's portfolio value fell 9.3% quarter-over-quarter to $310M.

Based on Cowen Investment Management's 13F filing for Q4 2019, filed 14 Feb 2020.