Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
118 hedge funds and large institutions have $346M invested in Cowen Inc. Class A Common Stock in 2017 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 18 closing their positions.
138% more call options, than puts
Call options by funds: $1.18M | Put options by funds: $494K
26% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 35
6% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 18
1% more funds holding
Funds holding: 117 → 118 (+1)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
22% less capital invested
Capital invested by funds: $443M → $346M (-$97.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
+$7.91M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$6.02M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$2.98M |
| 4 |
CI
Cowen Inc
New York
|
+$2.24M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$8.16M |
| 2 |
Millennium Management
New York
|
-$5.86M |
| 3 |
SG Americas Securities
New York
|
-$5.45M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$3.77M |
| 5 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$3.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Wolverine Trading
Chicago,
Illinois
| – | -$258K | -14,482 | Closed |
|
|
TI
127
Trexquant Investment
Stamford,
Connecticut
| – | -$257K | -14,444 | Closed |
|
|
FRM
128
Fox Run Management
Greenwich,
Connecticut
| – | -$205K | -11,500 | Closed |
|
129
Jane Street
New York
| – | -$196K | -11,033 | Closed |
|
|
ECM
130
ETrade Capital Management
Arlington,
Virginia
| – | -$192K | -10,767 | Closed |
|
|
GT
131
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$151K | -8,484 | Closed |
|
|
CAM
132
Cacti Asset Management
Atlanta,
Georgia
| – | -$87K | -5,000 | Closed |
|
133
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$2K | -140 | Closed |
|
|
PCM
134
Prelude Capital Management
New York
| – | -$2K | -100 | Closed |
|
|
VFA
135
Valeo Financial Advisors
Carmel,
Indiana
| – | +$15 | +1 | New |
|
COWN Hedge Fund Activity: Q4 2017 in Review
118 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q4 2017, worth a combined $346M — down 22% from $443M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new COWN positions and 18 closed out — a net gain of 1 holder — while 44 added to existing stakes and 35 trimmed.
The largest buyer was Ariel Investments, adding an estimated $7.91M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $8.16M sold.
- 118 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q4 2017, up from 117 in Q3 2017.
- Funds reported $346M of Cowen Inc. Class A Common Stock stock for Q4 2017, down 22% quarter-over-quarter.
- 19 funds opened new Cowen Inc. Class A Common Stock positions in Q4 2017 and 18 closed out, a net change of +1 holder.
- The largest Cowen Inc. Class A Common Stock buyer in Q4 2017 was Ariel Investments, an estimated $7.91M added.
- The largest Cowen Inc. Class A Common Stock seller in Q4 2017 was William Blair Investment Management, an estimated $8.16M sold.
Based on aggregated 13F filings for Q4 2017.