Monarch Partners Asset Management’s Cowen Inc. Class A Common Stock COWN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q3	–	Sell	-161,934	Closed	-$6.65M	–	185
2021 Q2	$6.65M	Sell	161,934 -112,356	-41%	-$4.41M	0.96%	43
2021 Q1	$9.64M	Sell	274,290 -161,070	-37%	-$5.19M	1.45%	12
2020 Q4	$11.3M	Sell	435,360 -87,309	-17%	-$1.97M	1.98%	1
2020 Q3	$8.5M	Buy	522,669 +116,295	+29%	+$1.98M	1.91%	3
2020 Q2	$6.59M	Buy	406,374 +26,455	+7%	+$321K	1.61%	5
2020 Q1	$3.67M	Sell	379,919 -114,594	-23%	-$1.64M	1.29%	31
2019 Q4	$7.79M	Sell	494,513 -162,585	-25%	-$2.44M	1.74%	4
2019 Q3	$10.1M	Buy	657,098 +63,585	+11%	+$1.03M	1.52%	18
2019 Q2	$10.2M	Buy	593,513 +124,125	+26%	+$2M	1.46%	27
2019 Q1	$6.8M	Buy	469,388 +27,940	+6%	+$427K	1.03%	40
2018 Q4	$5.89M	Buy	441,448 +40,886	+10%	+$623K	0.85%	50
2018 Q3	$6.53M	Buy	400,562 +74,510	+23%	+$1.11M	0.59%	70
2018 Q2	$4.52M	Sell	326,052 -3,580	-1%	-$53.9K	0.41%	85
2018 Q1	$4.35M	Buy	329,632 +95,810	+41%	+$1.31M	0.4%	93
2017 Q4	$3.19M	Buy	233,822 +7,340	+3%	+$110K	0.3%	111
2017 Q3	$4.03M	Sell	226,482 -19,860	-8%	-$325K	0.39%	98
2017 Q2	$4M	Buy	246,342 +217,720	+761%	+$3.25M	0.4%	98
2017 Q1	$428K	Hold	28,622	–	–	0.04%	145
2016 Q4	$444K	Buy	28,622 +9,984	+54%	+$143K	0.04%	146
2016 Q3	$271K	Buy	+18,638	New	+$247K	0.03%	155