Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
123 hedge funds and large institutions have $237M invested in Cowen Inc. Class A Common Stock in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 56 reducing their positions, and 13 closing their positions.
5% more call options, than puts
Call options by funds: $987K | Put options by funds: $936K
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
2% less funds holding
Funds holding: 125 → 123 (-2)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 56
44% less capital invested
Capital invested by funds: $424M → $237M (-$187M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$6.85M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$3.39M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$3.35M |
| 4 |
ACL
Azora Capital LP
Miami,
Florida
|
+$3.09M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$13.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$5.28M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.78M |
| 5 |
SM
Salzhauer Michael
|
-$3.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
126
Snow Capital Management
Sewickley,
Pennsylvania
| – | -$1.35M | -86,060 | Closed |
|
127
Acadian Asset Management
Boston,
Massachusetts
| – | -$714K | -45,358 | Closed |
|
|
BIM
128
Bogle Investment Management
Newton Lower Falls,
Massachusetts
| – | -$331K | -21,000 | Closed |
|
|
PAG
129
Private Advisor Group
Morristown,
New Jersey
| – | -$284K | -18,037 | Closed |
|
|
AI
130
Atom Investors
Austin,
Texas
| – | -$208K | -13,202 | Closed |
|
|
SSA
131
Schonfeld Strategic Advisors
New York
| – | -$166K | -10,600 | Closed |
|
132
Squarepoint
New York
| – | -$165K | -10,457 | Closed |
|
|
TRCT
133
Tower Research Capital (TRC)
New York
| – | -$9K | -579 | Closed |
|
|
APA
134
American Portfolios Advisors
Holbrook,
New York
| – | -$16 | -1 | Closed |
|
COWN Hedge Fund Activity: Q1 2020 in Review
123 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q1 2020, worth a combined $237M — down 44% from $424M a quarter earlier.
Fund positioning in COWN was balanced in Q1 2020: 13 funds opened new positions, 13 closed out, 35 added to existing stakes and 56 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $6.85M. The largest seller was Russell Investments Group, cutting an estimated $13.3M.
- 123 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q1 2020, down from 125 in Q4 2019.
- Funds reported $237M of Cowen Inc. Class A Common Stock stock for Q1 2020, down 44% quarter-over-quarter.
- 13 funds opened new Cowen Inc. Class A Common Stock positions in Q1 2020 and 13 closed out, a net change of 0 holders.
- The largest Cowen Inc. Class A Common Stock buyer in Q1 2020 was JP Morgan Chase, an estimated $6.85M added.
- The largest Cowen Inc. Class A Common Stock seller in Q1 2020 was Russell Investments Group, an estimated $13.3M sold.
Based on aggregated 13F filings for Q1 2020.