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

Nine Chapters Capital Management’s Portfolio COWN Stock Details COWN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-10,000	Closed	-$182K	–	859
2015 Q3	$182K	Sell	10,000 -4,225	-30%	-$93K	0.02%	849
2015 Q2	$364K	Sell	14,225 -2,275	-14%	-$53.3K	0.03%	668
2015 Q1	$343K	Buy	+16,500	New	+$320K	0.03%	692
2014 Q4	–	Sell	-17,550	Closed	-$263K	–	1328
2014 Q3	$263K	Buy	17,550 +2,525	+17%	+$41.3K	0.02%	758
2014 Q2	$254K	Buy	+15,025	New	+$248K	0.02%	765

Other funds holding COWN

FCP

Fine Capital Partners New York $563M AUM 7.48% 1-Year Est. Return

Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.7B AUM 6.69% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Nomura Holdings Tokyo, Japan $37.7B AUM 34.44% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Nine Chapters Capital Management's COWN Position: Q4 2015 in Review

Nine Chapters Capital Management sold out of Cowen Inc. Class A Common Stock (COWN) in Q4 2015, closing a stake of 10,000 shares — an estimated $182K sold.

Nine Chapters Capital Management first reported a position in COWN in Q2 2014 and held it in 5 quarters. The position peaked at $364K in Q2 2015. 141 funds tracked by Wall St. Rank hold COWN as of Q4 2015.

Nine Chapters Capital Management reported no remaining Cowen Inc. Class A Common Stock position as of Q4 2015 after selling out during the quarter.
Nine Chapters Capital Management sold 10,000 Cowen Inc. Class A Common Stock shares in Q4 2015, an estimated $182K.
Nine Chapters Capital Management first reported a position in Cowen Inc. Class A Common Stock in Q2 2014 and held it in 5 quarters.
Nine Chapters Capital Management's Cowen Inc. Class A Common Stock position peaked at $364K in Q2 2015.
141 funds tracked by Wall St. Rank held Cowen Inc. Class A Common Stock as of Q4 2015.

Based on Nine Chapters Capital Management's 13F filing for Q4 2015.