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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
+5.37%
1 Year Est. Return
-1.47%
3 Year Est. Return
+1.87%
5 Year Est. Return
-37.7%
10 Year Est. Return
–
AUM
$78.8M
AUM Growth
-$88.7M
Cap. Flow
-$128M
Cap. Flow %
-162.23%
Top 10 Hldgs %
98.98%
Holding
48
New
2
Increased
3
Reduced
5
Closed
33

Top Buys

Rank Stock Value
1
STHO icon
Star Holdings Shares of Beneficial Interest
STHO
+$4.91M
2
LBRDA icon
Liberty Broadband Class A
LBRDA
+$1.87M
3
LBRDK icon
Liberty Broadband Class C
LBRDK
+$1.34M

Top Sells

Rank Stock Value
1
PTRA
Proterra Inc. Common Stock
PTRA
+$12.7M
2
KCGI
Kensington Capital Acquisition Corp. V
KCGI
+$10M
3
LCAA
L Catterton Asia Acquisition Corp Class A Ordinary Shares
LCAA
+$7.84M
4
SLAM
Slam Corp. Class A Ordinary Share
SLAM
+$6.06M
5
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$6M

Sector Composition

Rank Sector Weight
1 Financials 64.56%
2 Real Estate 16.09%
3 Industrials 7.24%
4 Communication Services 5.92%
5 Technology 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMFG icon
1
Sumitomo Mitsui Financial
SMFG
$164B
$40.9M 51.93%
4,152,575
-299,300
-7% -$2.77M
STHO icon
2
Star Holdings Shares of Beneficial Interest
STHO
$116M
$12.7M 16.09%
1,012,867
+353,078
+54% +$4.91M
LYG icon
3
Lloyds Banking Group
LYG
$91.3B
$9.42M 11.95%
4,421,183
– –
RTO icon
4
Rentokil
RTO
$12.2B
$5.31M 6.73%
143,233
– –
KMF
5
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$3.63M 4.6%
509,837
-2,935
-0.6% -$21.6K
LBRDA icon
6
Liberty Broadband Class A
LBRDA
$5.16B
$3.06M 3.88%
33,670
+20,988
+165% +$1.87M
LBRDK icon
7
Liberty Broadband Class C
LBRDK
$5.15B
$1.6M 2.03%
17,550
+15,000
+588% +$1.34M
SKGR
8
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$538K 0.68%
50,000
– –
NNDM
9
Nano Dimension
NNDM
$343M
$435K 0.55%
160,000
– –
SPY icon
10
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$416K 0.53%
55,000
-97,100
-64% -$43.2M
TLT icon
11
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
$326K 0.41%
+75,000
New +$7.21M
VATE icon
12
INNOVATE Corp
VATE
$165M
$203K 0.26%
12,500
– –
STCN
13
DELISTED
Steel Connect, Inc. Common Stock
STCN
$198K 0.25%
18,830
-1,900
-9% -$19.2K
LTRPA
14
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$59.4K 0.08%
121,493
-41,481
-25% -$26.9K
LSXMK
15
CALL
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$20.8K 0.03%
+10,000
New +$243K
AVPTW
16
DELISTED
AvePoint Inc Warrant
AVPTW
– –
-25,000
Closed -$22.6K
DDD icon
17
PUT
3D Systems Corp
DDD
$613M
– –
-41,400
Closed -$6.21K
SIRI icon
18
PUT
SiriusXM
SIRI
$10.1B
– –
-42,140
Closed -$946K
SSYS icon
19
Stratasys
SSYS
$774M
– –
-49,800
Closed -$884K
BMTX.WS
20
DELISTED
BM Technologies, Inc. Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $11.50
BMTX.WS
– –
-25,000
Closed -$3.75K
PFTA
21
DELISTED
Perception Capital Corp. III Class A Ordinary Share
PFTA
– –
-400,000
Closed -$4.15M
CDAQU
22
DELISTED
Compass Digital Acquisition Corp. Unit
CDAQU
– –
-100,000
Closed -$1.04M
LSXMK
23
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
– –
-246,833
Closed -$6M
SLAM
24
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
– –
-570,000
Closed -$6.06M
KCGI
25
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
– –
-950,000
Closed -$10M
1
2

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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
Zimmermann Investment Management & Planning New Cumberland, Pennsylvania $2.27M AUM 29.81% 1-Year Est. Return
RCI
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Cowen Investment Management's Q3 2023 Portfolio in Review

As of Q3 2023, Cowen Investment Management held 48 positions worth $78.8M, down 53% from $168M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Cowen Investment Management withdrew a net $128M in Q3 2023, closing 33 positions and reducing 5 holdings. Its most notable exit was Proterra Inc. Common Stock, an estimated $12.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 65% of assets, down from 65% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Cowen Investment Management added an estimated $4.91M to Star Holdings Shares of Beneficial Interest.

  • Cowen Investment Management added most to Star Holdings Shares of Beneficial Interest in Q3 2023, an estimated $4.91M increase.
  • Cowen Investment Management's biggest Q3 2023 reduction was Sumitomo Mitsui Financial, cutting an estimated $2.77M.
  • Cowen Investment Management fully exited Proterra Inc. Common Stock in Q3 2023, selling an estimated $12.7M.
  • Cowen Investment Management's ten largest holdings make up 99% of its $78.8M portfolio in Q3 2023.
  • Cowen Investment Management opened 2 new positions and closed 33 in Q3 2023.
  • Cowen Investment Management's portfolio value fell 53% quarter-over-quarter to $78.8M.

Based on Cowen Investment Management's 13F filing for Q3 2023, filed 13 Nov 2023.