Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
107 hedge funds and large institutions have $360M invested in Cowen Inc. Class A Common Stock in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 38 increasing their positions, 34 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
12% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 34
6% more capital invested
Capital invested by funds: $339M → $360M (+$21.6M)
2% more funds holding
Funds holding: 105 → 107 (+2)
19% less call options, than puts
Call options by funds: $1.17M | Put options by funds: $1.45M
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$11.8M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$5.95M |
| 3 |
BlackRock
New York
|
+$3.1M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$2.68M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$8M |
| 2 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$6.19M |
| 3 |
GECH
Garnet Equity Capital Holdings
New York
|
-$3.92M |
| 4 |
CI
Cowen Inc
New York
|
-$1.97M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
101
Ladenburg Thalmann Financial Services
Miami,
Florida
| $4K | – | – | – |
|
|
RFA
102
Reilly Financial Advisors
La Mesa,
California
| $4K | – | – | – |
|
103
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
104
Simplex Trading
Chicago,
Illinois
| $2K | -$75.2K | -4,998 | -96% |
|
|
QCG
105
Quadrant Capital Group
Cincinnati,
Ohio
| $1K | – | – | – |
|
|
VFA
106
Valeo Financial Advisors
Carmel,
Indiana
| $1K | +$783 | +52 | New |
|
|
CI
107
Cowen Inc
New York
| – | -$1.97M | -149,188 | Closed |
|
|
CRC
108
Curi RMB Capital
Chicago,
Illinois
| – | -$1.68M | -127,276 | Closed |
|
|
SCA
109
Secor Capital Advisors
New York
| – | -$434K | -32,910 | Closed |
|
110
SG Americas Securities
New York
| – | -$311K | -23,567 | Closed |
|
|
BCM
111
BlueCrest Capital Management
St Helier,
Jersey
| – | -$232K | -17,588 | Closed |
|
|
FRM
112
Fox Run Management
Greenwich,
Connecticut
| – | -$218K | -16,524 | Closed |
|
COWN Hedge Fund Activity: Q2 2018 in Review
107 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q2 2018, worth a combined $360M — up 6.4% from $339M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new COWN positions and 7 closed out — a net gain of 2 holders — while 38 added to existing stakes and 34 trimmed.
The largest buyer was Millennium Management, adding an estimated $11.8M. The largest seller was Fidelity Investments, cutting an estimated $8M.
- 107 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q2 2018, up from 105 in Q1 2018.
- Funds reported $360M of Cowen Inc. Class A Common Stock stock for Q2 2018, up 6.4% quarter-over-quarter.
- 9 funds opened new Cowen Inc. Class A Common Stock positions in Q2 2018 and 7 closed out, a net change of +2 holders.
- The largest Cowen Inc. Class A Common Stock buyer in Q2 2018 was Millennium Management, an estimated $11.8M added.
- The largest Cowen Inc. Class A Common Stock seller in Q2 2018 was Fidelity Investments, an estimated $8M sold.
Based on aggregated 13F filings for Q2 2018.