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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
+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
ALDR
126
DELISTED
Alder Biopharmaceuticals
ALDR
– –
-25,000
Closed -$472K
ALDR
127
PUT
DELISTED
Alder Biopharmaceuticals
ALDR
– –
-25,000
Closed -$4K
2 3 4 5
6

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AMG
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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
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RCI
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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.