Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
154 hedge funds and large institutions have $745M invested in Cowen Inc. Class A Common Stock in 2020 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 45 increasing their positions, 53 reducing their positions, and 18 closing their positions.
122% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 18
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
75% more capital invested
Capital invested by funds: $426M → $745M (+$318M)
32% more call options, than puts
Call options by funds: $3.65M | Put options by funds: $2.77M
17% more funds holding
Funds holding: 132 → 154 (+22)
15% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
+$11.9M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.4M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$9.26M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$9.01M |
| 5 |
Millennium Management
New York
|
+$7.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
-$12.4M |
| 2 |
APCM
Arbiter Partners Capital Management
New York
|
-$11.1M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$6.4M |
| 4 |
JP Morgan Chase
New York
|
-$6.35M |
| 5 |
AI
Ariel Investments
Chicago,
Illinois
|
-$3.85M |
COWN Hedge Fund Activity: Q4 2020 in Review
154 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q4 2020, worth a combined $745M — up 75% from $426M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new COWN positions and 18 closed out — a net gain of 22 holders — while 45 added to existing stakes and 53 trimmed.
The largest buyer was Azora Capital LP, opening a new position worth an estimated $11.9M. The largest seller was Pzena Investment Management, cutting an estimated $12.4M.
- 154 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q4 2020, up from 132 in Q3 2020.
- Funds reported $745M of Cowen Inc. Class A Common Stock stock for Q4 2020, up 75% quarter-over-quarter.
- 40 funds opened new Cowen Inc. Class A Common Stock positions in Q4 2020 and 18 closed out, a net change of +22 holders.
- The largest Cowen Inc. Class A Common Stock buyer in Q4 2020 was Azora Capital LP, an estimated $11.9M added.
- The largest Cowen Inc. Class A Common Stock seller in Q4 2020 was Pzena Investment Management, an estimated $12.4M sold.
Based on aggregated 13F filings for Q4 2020.