Ruffer LLP’s Cowen Inc. Class A Common Stock COWN Stock Holding History

Ruffer LLP’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
2018 Q1	–	Sell	-15,705	Closed	-$215K	–	76
2017 Q4	$215K	Hold	15,705	–	–	0.01%	70
2017 Q3	$279K	Hold	15,705	–	–	0.01%	68
2017 Q2	$255K	Hold	15,705	–	–	0.01%	67
2017 Q1	$217K	Sell	15,705 -20,000	-56%	-$295K	0.01%	66
2016 Q4	$555K	Sell	35,705 -12,500	-26%	-$179K	0.03%	68
2016 Q3	$668K	Sell	48,205 -17,725	-27%	-$235K	0.04%	63
2016 Q2	$782K	Sell	65,930 -7,500	-10%	-$102K	0.04%	66
2016 Q1	$1.12M	Sell	73,430 -46,000	-39%	-$603K	0.05%	63
2015 Q4	$1.83M	Hold	119,430	–	–	0.08%	51
2015 Q3	$2.18M	Hold	119,430	–	–	0.09%	51
2015 Q2	$3.06M	Hold	119,430	–	–	0.13%	43
2015 Q1	$2.48M	Hold	119,430	–	–	0.11%	47
2014 Q4	$2.3M	Hold	119,430	–	–	0.08%	50
2014 Q3	$1.79M	Hold	119,430	–	–	0.06%	58
2014 Q2	$2.05M	Hold	119,430	–	–	0.07%	52
2014 Q1	$2.11M	Sell	119,430 -34,525	-22%	-$568K	0.06%	50
2013 Q4	$2.4M	Hold	153,955	–	–	0.09%	42
2013 Q3	$2.14M	Hold	153,955	–	–	0.1%	42
2013 Q2	$1.78M	Buy	+153,955	New	+$1.73M	0.1%	40

Other funds holding COWN

Fidelity Investments

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

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

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

Arbiter Partners Capital Management New York $147M AUM 99.81% 1-Year Est. Return

Dimensional Fund Advisors

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

Fosun International Hong Kong, China $399M AUM 16.11% 1-Year Est. Return

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

Philadelphia Financial Management of San Francisco San Francisco, California $312M AUM 30.02% 1-Year Est. Return

Thompson Siegel & Walmsley Richmond, Virginia $5.66B AUM 6.69% 1-Year Est. Return

Mendon Capital Advisors Key Largo, Florida $258M AUM 21.23% 1-Year Est. Return