Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
175 hedge funds and large institutions have $655M invested in Cowen Inc. Class A Common Stock in 2022 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 61 increasing their positions, 56 reducing their positions, and 39 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 56
1% less call options, than puts
Call options by funds: $5M | Put options by funds: $5.07M
8% less funds holding
Funds holding: 191 → 175 (-16)
26% less capital invested
Capital invested by funds: $888M → $655M (-$234M)
36% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 39
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$9.26M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$8.18M |
| 3 |
Morgan Stanley
New York
|
+$4.71M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$4.61M |
| 5 |
Goldman Sachs
New York
|
+$4.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$18M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$14.9M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$11.7M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$6.7M |
| 5 |
Two Sigma Investments
New York
|
-$5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
SG Americas Securities
New York
| – | -$202K | -5,596 | Closed |
|
202
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$87K | -2,400 | Closed |
|
203
Lazard Asset Management
New York
| – | -$40K | -1,118 | Closed |
|
204
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$37K | -1,019 | Closed |
|
|
PCG
205
Private Capital Group
West Hartford,
Connecticut
| – | -$33K | -921 | Closed |
|
|
MC
206
Maverick Capital
Dallas,
Texas
| – | -$31K | -847 | Closed |
|
|
HNB
207
Huntington National Bank
Columbus,
Ohio
| – | -$19K | -625 | -100% |
|
|
FMII
208
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$10K | -276 | Closed |
|
|
CA
209
CoreCap Advisors
Southfield,
Michigan
| – | -$9K | -250 | Closed |
|
|
TWA
210
TCI Wealth Advisors
Tucson,
Arizona
| – | -$8K | -226 | Closed |
|
|
ACM
211
Aquatic Capital Management
Chicago,
Illinois
| – | -$7K | -200 | Closed |
|
COWN Hedge Fund Activity: Q1 2022 in Review
175 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q1 2022, worth a combined $655M — down 26% from $888M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of COWN and 25 opened new positions — a net loss of 14 holders — while 56 trimmed existing stakes and 61 added.
The largest buyer was Marshall Wace, adding an estimated $9.26M. The largest seller was Millennium Management, cutting an estimated $18M.
- 175 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q1 2022, down from 191 in Q4 2021.
- Funds reported $655M of Cowen Inc. Class A Common Stock stock for Q1 2022, down 26% quarter-over-quarter.
- 25 funds opened new Cowen Inc. Class A Common Stock positions in Q1 2022 and 39 closed out, a net change of -14 holders.
- The largest Cowen Inc. Class A Common Stock buyer in Q1 2022 was Marshall Wace, an estimated $9.26M added.
- The largest Cowen Inc. Class A Common Stock seller in Q1 2022 was Millennium Management, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2022.