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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
+0.06%
1 Year Est. Return
-1.47%
3 Year Est. Return
+1.87%
5 Year Est. Return
-37.7%
10 Year Est. Return
–
AUM
$383M
AUM Growth
-$109M
Cap. Flow
-$144M
Cap. Flow %
-37.62%
Top 10 Hldgs %
42.27%
Holding
251
New
55
Increased
9
Reduced
7
Closed
136

Top Buys

Rank Stock Value
1
CVII
Churchill Capital Corp VII Class A Common Stock
CVII
+$26M
2
CCVI
Churchill Capital Corp VI
CCVI
+$13.4M
3
TCVA
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
+$12.6M
4
MTVC
Motive Capital Corp II
MTVC
+$10.6M
5
NSTD
Northern Star Investment Corp. IV
NSTD
+$9.65M

Top Sells

Rank Stock Value
1
MUFG icon
Mitsubishi UFJ Financial
MUFG
+$15M
2
BNAI
Brand Engagement Network
BNAI
+$12M
3
BZAI
Blaize Holdings
BZAI
+$11.4M
4
HTZWW
Hertz Global Holdings Warrants
HTZWW
+$11.3M
5
LITT
Logistics Innovation Technologies Corp. Class A Common Stock
LITT
+$10.6M

Sector Composition

Rank Sector Weight
1 Financials 66.95%
2 Industrials 8.51%
3 Consumer Discretionary 4.79%
4 Technology 3.75%
5 Healthcare 2.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SAFE
126
Safehold
SAFE
$1.09B
– –
-38,060
Closed -$1.81M
SNDL icon
127
Sundial Growers
SNDL
$313M
– –
-10,310
Closed -$21.5K
SPNT icon
128
SiriusPoint
SPNT
$2.66B
– –
-67,613
Closed -$399K
SPWR icon
129
SunPower Inc
SPWR
$46.4M
– –
-200,000
Closed -$2.02M
XBI icon
130
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.5B
– –
-67,700
Closed -$278K
ZURA icon
131
Zura Bio
ZURA
$552M
– –
-100,000
Closed -$1.02M
BNAI
132
Brand Engagement Network
BNAI
$99.4M
– –
-119,000
Closed -$12M
BSLK
133
DELISTED
Bolt Projects Holdings
BSLK
– –
-5,000
Closed -$1M
CURR
134
Currenc Group
CURR
$391M
– –
-50,000
Closed -$518K
VEEA
135
Veea Inc
VEEA
$6.94M
– –
-100,000
Closed -$1.01M
BZAI
136
Blaize Holdings
BZAI
$164M
– –
-1,119,000
Closed -$11.4M
AIMAU
137
DELISTED
Aimfinity Investment Corp I Unit
AIMAU
– –
-479,715
Closed -$4.83M
BNIX
138
DELISTED
Bannix Acquisition Corp. Common Stock
BNIX
– –
-200,000
Closed -$2.03M
VMCAU
139
DELISTED
Valuence Merger Corp. I Unit
VMCAU
– –
-200,000
Closed -$2.16M
FTII
140
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
– –
-150,000
Closed -$1.54M
ALSA
141
DELISTED
Alpha Star Acquisition Corp
ALSA
– –
-100,000
Closed -$1.03M
EVE.U
142
DELISTED
EVe Mobility Acquisition Corp Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
EVE.U
– –
-150,000
Closed -$1.54M
JWSM
143
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
– –
-700,000
Closed -$7.07M
ADRT
144
DELISTED
Ault Disruptive Technologies Corporation
ADRT
– –
-50,000
Closed -$513K
CNDA
145
DELISTED
Concord Acquisition Corp II
CNDA
– –
-700,000
Closed -$6.96M
ZURAW
146
DELISTED
Zura Bio Limited Warrants
ZURAW
– –
-50,000
Closed -$7.5K
SLAMU
147
DELISTED
Slam Corp. Unit
SLAMU
– –
-300,000
Closed -$3.03M
FEXDU
148
DELISTED
Fintech Ecosystem Development Corp. Units
FEXDU
– –
-100,000
Closed -$1.04M
BLUA.U
149
DELISTED
BlueRiver Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary shares
BLUA.U
– –
-100,000
Closed -$1.01M
GPACU
150
DELISTED
Global Partner Acquisition Corp II Unit
GPACU
– –
-100,000
Closed -$1.01M
4 5
6
7 8

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AMG
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B
Braslyn New Providence, Bahamas $7.81M AUM 338.68% 1-Year Est. Return
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 2023 Portfolio in Review

As of Q1 2023, Cowen Investment Management held 251 positions worth $383M, down 22% from $492M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Cowen Investment Management withdrew a net $144M in Q1 2023, closing 136 positions and reducing 7 holdings. Its most notable exit was Mitsubishi UFJ Financial, an estimated $15M position sold in full.

By sector, the portfolio is most concentrated in Financials at 67% of assets, up from 50% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Cowen Investment Management opened a new position in Churchill Capital Corp VII Class A Common Stock worth $26.2M.

  • Cowen Investment Management's largest Q1 2023 buy was Churchill Capital Corp VII Class A Common Stock: 2,585,000 shares worth $26.2M.
  • Cowen Investment Management added most to Black Mountain Acquisition Corp. in Q1 2023, an estimated $5.15M increase.
  • Cowen Investment Management's biggest Q1 2023 reduction was Sumitomo Mitsui Financial, cutting an estimated $8.46M.
  • Cowen Investment Management fully exited Mitsubishi UFJ Financial in Q1 2023, selling an estimated $15M.
  • Cowen Investment Management's ten largest holdings make up 42% of its $383M portfolio in Q1 2023.
  • Cowen Investment Management opened 55 new positions and closed 136 in Q1 2023.
  • Cowen Investment Management's portfolio value fell 22% quarter-over-quarter to $383M.

Based on Cowen Investment Management's 13F filing for Q1 2023, filed 11 May 2023.