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 Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Ariel Investments Chicago, Illinois $10B AUM 42.59% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

APCM

Arbiter Partners Capital Management New York $190M AUM 50.42% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Fosun International Hong Kong, China $446M AUM 13.33% 1-Year Est. Return

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

PFMOSF

Philadelphia Financial Management of San Francisco San Francisco, California $496M AUM 39.04% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.57B AUM 9.46% 1-Year Est. Return

MCA

Mendon Capital Advisors Key Largo, Florida $283M AUM 40.56% 1-Year Est. Return

Ruffer LLP's COWN Position: Q1 2018 in Review

Ruffer LLP sold out of Cowen Inc. Class A Common Stock (COWN) in Q1 2018, closing a stake of 15,705 shares — an estimated $215K sold.

Ruffer LLP first reported a position in COWN in Q2 2013 and held it in 19 quarters. The position peaked at $3.06M in Q2 2015. 105 funds tracked by Wall St. Rank hold COWN as of Q1 2018.

Ruffer LLP reported no remaining Cowen Inc. Class A Common Stock position as of Q1 2018 after selling out during the quarter.
Ruffer LLP sold 15,705 Cowen Inc. Class A Common Stock shares in Q1 2018, an estimated $215K.
Ruffer LLP first reported a position in Cowen Inc. Class A Common Stock in Q2 2013 and held it in 19 quarters.
Ruffer LLP's Cowen Inc. Class A Common Stock position peaked at $3.06M in Q2 2015.
105 funds tracked by Wall St. Rank held Cowen Inc. Class A Common Stock as of Q1 2018.

Based on Ruffer LLP's 13F filing for Q1 2018, filed 14 May 2018.