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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
FRONU
201
DELISTED
Frontier Acquisition Corp. Units
FRONU
– –
-100,000
Closed -$1.01M
ACQRU
202
DELISTED
Independence Holdings Corp. Units
ACQRU
– –
-475,000
Closed -$4.78M
CLAA
203
DELISTED
Colonnade Acquisition Corp. II
CLAA
– –
-190,000
Closed -$1.91M
ACQR
204
DELISTED
Independence Holdings Corp. Class A Ordinary Share
ACQR
– –
-150,000
Closed -$1.51M
AGGR
205
DELISTED
Agile Growth Corp
AGGR
– –
-270,000
Closed -$2.72M
PDOT
206
DELISTED
Peridot Acquisition Corp. II
PDOT
– –
-235,000
Closed -$2.38M
PTOC
207
DELISTED
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
– –
-167,000
Closed -$1.68M
WPCB
208
DELISTED
Warburg Pincus Capital Corporation I-B
WPCB
– –
-150,000
Closed -$1.51M
SVFB
209
DELISTED
SVF Investment Corp. 2 Class A Ordinary Shares
SVFB
– –
-50,000
Closed -$505K
WPCA
210
DELISTED
Warburg Pincus Capital Corporation I-A
WPCA
– –
-100,000
Closed -$1.01M
WPCA.U
211
DELISTED
Warburg Pincus Capital Corporation I-A Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCA.U
– –
-50,000
Closed -$504K
HERA
212
DELISTED
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
– –
-200,000
Closed -$2.02M
HERAU
213
DELISTED
FTAC Hera Acquisition Corp. Units
HERAU
– –
-75,000
Closed -$756K
FPAC
214
DELISTED
Far Peak Acquisition Corporation
FPAC
– –
-300,000
Closed -$3.01M
ABGI
215
DELISTED
ABG Acquisition Corp. I
ABGI
– –
-225,000
Closed -$2.27M
ANAC.U
216
DELISTED
Arctos NorthStar Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-fourth of one redeemable warrant
ANAC.U
– –
-50,000
Closed -$505K
DCRD
217
DELISTED
Decarbonization Plus Acquisition Corporation IV Class A Ordinary Share
DCRD
– –
-250,000
Closed -$2.55M
ANAC
218
DELISTED
Arctos NorthStar Acquisition Corp.
ANAC
– –
-325,000
Closed -$3.28M
LGACU
219
DELISTED
Lazard Growth Acquisition Corp. I Units
LGACU
– –
-100,000
Closed -$1.01M
LGAC
220
DELISTED
Lazard Growth Acquisition Corp. I Ordinary Shares
LGAC
– –
-425,000
Closed -$4.29M
ITQ
221
DELISTED
Itiquira Acquisition Corp. Class A Ordinary Shares
ITQ
– –
-77,500
Closed -$782K
CTAQW
222
DELISTED
Carney Technology Acquisition Corp. II Warrant
CTAQW
– –
-28,333
Closed -$1.9K
WQGA
223
DELISTED
World Quantum Growth Acquisition Corp.
WQGA
– –
-300,000
Closed -$3.06M
SCOB
224
DELISTED
ScION Tech Growth II Class A Ordinary Shares
SCOB
– –
-316,932
Closed -$3.21M
ADRA.U
225
DELISTED
Adara Acquisition Corp Units
ADRA.U
– –
-50,000
Closed -$505K
7 8
9
10 11

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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 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.