Maltese Capital Management’s Cowen Inc. Class A Common Stock COWN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-41,850	Closed	-$738K	–	199
2014 Q1	$738K	Sell	41,850 -145,925	-78%	-$2.57M	0.09%	140
2013 Q4	$2.94M	Buy	187,775 +29,025	+18%	+$454K	0.3%	106
2013 Q3	$2.18M	Sell	158,750 -45,875	-22%	-$631K	0.23%	116
2013 Q2	$2.37M	Buy	+204,625	New	+$2.37M	0.25%	113