Raffles Associates’s Cowen Inc. Class A Common Stock COWN Stock Holding History

Raffles Associates’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 Q2	–	Sell	-56,250	Closed	-$1.17M	–	57
2015 Q1	$1.17M	Hold	56,250	–	–	1.23%	26
2014 Q4	$1.08M	Hold	56,250	–	–	1.03%	30
2014 Q3	$844K	Hold	56,250	–	–	0.75%	42
2014 Q2	$950K	Hold	56,250	–	–	0.76%	40
2014 Q1	$992K	Hold	56,250	–	–	0.99%	35
2013 Q4	$880K	Hold	56,250	–	–	0.92%	36
2013 Q3	$774K	Buy	56,250 +43,750	+350%	+$584K	0.72%	43
2013 Q2	$145K	Buy	+12,500	New	+$141K	0.15%	47

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

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

BFA

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

WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return

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

BIT

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

Raffles Associates's COWN Position: Q2 2015 in Review

Raffles Associates sold out of Cowen Inc. Class A Common Stock (COWN) in Q2 2015, closing a stake of 56,250 shares — an estimated $1.17M sold.

Raffles Associates first reported a position in COWN in Q2 2013 and held it in 8 quarters. The position peaked at $1.17M in Q1 2015. 158 funds tracked by Wall St. Rank hold COWN as of Q2 2015.

Raffles Associates reported no remaining Cowen Inc. Class A Common Stock position as of Q2 2015 after selling out during the quarter.
Raffles Associates sold 56,250 Cowen Inc. Class A Common Stock shares in Q2 2015, an estimated $1.17M.
Raffles Associates first reported a position in Cowen Inc. Class A Common Stock in Q2 2013 and held it in 8 quarters.
Raffles Associates's Cowen Inc. Class A Common Stock position peaked at $1.17M in Q1 2015.
158 funds tracked by Wall St. Rank held Cowen Inc. Class A Common Stock as of Q2 2015.

Based on Raffles Associates's 13F filing for Q2 2015, filed 17 Aug 2015.