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CIM

Cowen Investment Management Portfolio holdings

AUM $12M
1-Year Est. Return 1.47%
This Fund
S&P 500
This Quarter Est. Return
-18.46%
1 Year Est. Return
-1.47%
3 Year Est. Return
+1.87%
5 Year Est. Return
-37.7%
10 Year Est. Return
–
AUM
$174M
AUM Growth
-$135M
Cap. Flow
-$73.3M
Cap. Flow %
-42.03%
Top 10 Hldgs %
89.85%
Holding
110
New
15
Increased
4
Reduced
11
Closed
69

Top Buys

Rank Stock Value
1
SMFG icon
Sumitomo Mitsui Financial
SMFG
+$70.9M
2
HPK icon
HighPeak Energy
HPK
+$23.9M
3
HSBC icon
HSBC
HSBC
+$9.03M
4
MFG icon
Mizuho Financial
MFG
+$5.41M
5
YTRA icon
Yatra Online
YTRA
+$2.37M

Top Sells

Rank Stock Value
1
BP icon
BP
BP
+$22.7M
2
RIO icon
Rio Tinto
RIO
+$12.2M
3
CEF icon
Sprott Physical Gold and Silver Trust
CEF
+$10.1M
4
HOFV
Hall of Fame Resort & Entertainment Co
HOFV
+$6.35M
5
VVNT
Vivint Smart Home, Inc. Class A Common Stock
VVNT
+$5.66M

Sector Composition

Rank Sector Weight
1 Financials 46.79%
2 Energy 27.7%
3 Communication Services 11.58%
4 Consumer Staples 3.61%
5 Healthcare 1.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PACQU
101
DELISTED
Pure Acquisition Corp. Unit
PACQU
– –
-310,000
Closed -$3.35M
LTM
102
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
– –
-132,084
Closed -$1.34M
LTM
103
PUT
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
– –
-120,100
Closed -$805K
MUDSU
104
DELISTED
Mudrick Capital Acquisition Corporation Unit
MUDSU
– –
-125,000
Closed -$1.33M
TKKSR
105
DELISTED
TKK Symphony Acquisition Corporation Right
TKKSR
– –
-57,500
Closed -$14K
TKKSW
106
DELISTED
TKK Symphony Acquisition Corporation Warrant
TKKSW
– –
-57,500
Closed -$3K
GRSHU
107
DELISTED
Gores Holdings III, Inc. Units
GRSHU
– –
-150,000
Closed -$1.65M
GSAH.WS
108
DELISTED
GS Acquisition Holdings Corp Warrants, each whole warrant exercisable for one share of Class A Commo
GSAH.WS
– –
-50,000
Closed -$115K
MOSC.WS
109
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
– –
-25,000
Closed -$24K
AVP
110
DELISTED
Avon Products, Inc.
AVP
– –
-54,800
Closed -$309K
1 2 3 4
5

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XS
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MFAM
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ZIMP
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RCI
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Cowen Investment Management's Q1 2020 Portfolio in Review

As of Q1 2020, Cowen Investment Management held 110 positions worth $174M, down 44% from $310M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Cowen Investment Management withdrew a net $73.3M in Q1 2020, closing 69 positions and reducing 11 holdings. Its most notable exit was BP, an estimated $22.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 47% of assets, up from 14% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Cowen Investment Management opened a new position in Sumitomo Mitsui Financial worth $52.7M.

  • Cowen Investment Management's largest Q1 2020 buy was Sumitomo Mitsui Financial: 11,000,000 shares worth $52.7M.
  • Cowen Investment Management added most to HighPeak Energy in Q1 2020, an estimated $23.9M increase.
  • Cowen Investment Management's biggest Q1 2020 reduction was Lloyds Banking Group, cutting an estimated $4.76M.
  • Cowen Investment Management fully exited BP in Q1 2020, selling an estimated $22.7M.
  • Cowen Investment Management's ten largest holdings make up 90% of its $174M portfolio in Q1 2020.
  • Cowen Investment Management opened 15 new positions and closed 69 in Q1 2020.
  • Cowen Investment Management's portfolio value fell 44% quarter-over-quarter to $174M.

Based on Cowen Investment Management's 13F filing for Q1 2020, filed 14 May 2020.