Cowen Inc. Class A Common Stock
COWN
COWN was delisted on the 28th of February, 2023.
120 hedge funds and large institutions have $447M invested in Cowen Inc. Class A Common Stock in 2018 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 35 reducing their positions, and 6 closing their positions.
233% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 6
149% more call options, than puts
Call options by funds: $1.13M | Put options by funds: $454K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
24% more capital invested
Capital invested by funds: $360M → $447M (+$86.9M)
12% more funds holding
Funds holding: 107 → 120 (+13)
0% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$13.3M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.84M |
| 4 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
+$2.69M |
| 5 |
APCM
Arbiter Partners Capital Management
New York
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Salzhauer Michael
|
-$7.22M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
-$4.51M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.53M |
| 4 |
Millennium Management
New York
|
-$3.28M |
| 5 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$2.77M |
COWN Hedge Fund Activity: Q3 2018 in Review
120 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Cowen Inc. Class A Common Stock (COWN) for Q3 2018, worth a combined $447M — up 24% from $360M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new COWN positions and 6 closed out — a net gain of 14 holders — while 35 added to existing stakes and 35 trimmed.
The largest buyer was Philadelphia Financial Management of San Francisco, adding an estimated $13.3M. The largest seller was Salzhauer Michael, exiting entirely with an estimated $7.22M sold.
- 120 institutional investors held Cowen Inc. Class A Common Stock (COWN) as of Q3 2018, up from 107 in Q2 2018.
- Funds reported $447M of Cowen Inc. Class A Common Stock stock for Q3 2018, up 24% quarter-over-quarter.
- 20 funds opened new Cowen Inc. Class A Common Stock positions in Q3 2018 and 6 closed out, a net change of +14 holders.
- The largest Cowen Inc. Class A Common Stock buyer in Q3 2018 was Philadelphia Financial Management of San Francisco, an estimated $13.3M added.
- The largest Cowen Inc. Class A Common Stock seller in Q3 2018 was Salzhauer Michael, an estimated $7.22M sold.
Based on aggregated 13F filings for Q3 2018.