Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
105 hedge funds and large institutions have $339M invested in Cowen Inc. Class A Common Stock in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 39 increasing their positions, 36 reducing their positions, and 20 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
10% more call options, than puts
Call options by funds: $1.47M | Put options by funds: $1.34M
8% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 36
2% less capital invested
Capital invested by funds: $346M → $339M (-$6.88M)
11% less funds holding
Funds holding: 118 → 105 (-13)
65% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$8.92M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.38M |
| 3 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
+$3.25M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$2.69M |
| 5 |
SM
Salzhauer Michael
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$6.79M |
| 2 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$4.51M |
| 3 |
D.E. Shaw & Co
New York
|
-$2.87M |
| 4 |
MC
Menta Capital
San Francisco,
California
|
-$2.08M |
| 5 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$2M |
COWN Hedge Fund Activity: Q1 2018 in Review
105 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q1 2018, worth a combined $339M — down 2% from $346M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of COWN and 7 opened new positions — a net loss of 13 holders — while 36 trimmed existing stakes and 39 added.
The largest buyer was Philadelphia Financial Management of San Francisco, adding an estimated $8.92M. The largest seller was Nomura Holdings, cutting an estimated $6.79M.
- 105 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q1 2018, down from 118 in Q4 2017.
- Funds reported $339M of Cowen Inc. Class A Common Stock stock for Q1 2018, down 2% quarter-over-quarter.
- 7 funds opened new Cowen Inc. Class A Common Stock positions in Q1 2018 and 20 closed out, a net change of -13 holders.
- The largest Cowen Inc. Class A Common Stock buyer in Q1 2018 was Philadelphia Financial Management of San Francisco, an estimated $8.92M added.
- The largest Cowen Inc. Class A Common Stock seller in Q1 2018 was Nomura Holdings, an estimated $6.79M sold.
Based on aggregated 13F filings for Q1 2018.