COWBIRD CAPITAL LP

CIK

1761435

Location

New York, NY

Portfolio Value

Micro $92,331,178

Diversification

Diversified

Filing Date

Global Rank

#6,945 / 7,436 ▼ 143 · as of Jun 2024

Top Industry

Asset Management 13.5%

3Y Alpha vs SPY

-17.6%

Period ended 2 years ago

Filed Aug 14, 2024 · 2y

18 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2024, never from the firm's own description.

Style

Concentrated

The top 10 positions are 94.9% of the book (60%+)

Turnover

High turnover

106.1% over the last four quarters (100%+)

Horizon

Medium horizon

Value-weighted holding period 5.5 quarters (4 to under 12)

Closest benchmark: the Nasdaq-100 as of 2024-06-30, active share 83.8%; sector active share 26.6% against the combined 13F book's sector weights.

Over time 18 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

13 tracked positions · as of Jun 30, 2024 · Δ vs Mar 31, 2024

Top Position

13.5%

+0.4 pts

Top 5

60.4%

+3.0 pts

Top 10

94.9%

+1.0 pts

HHI

992

Diversified+20

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2024

Sector	% Portfolio	Value	Positions
Technology	40.8%	$37,659,450	5
Financial Services	15.5%	$14,351,661	2
Communication Services	13.2%	$12,174,298	2
Healthcare	12.2%	$11,262,412	1
Consumer Cyclical	7.1%	$6,555,663	1
Industrials	6.1%	$5,637,808	1
Consumer Defensive	5.1%	$4,689,886	1

Last Quarter's Activity

Export CSV

Jun 30, 2024 vs Mar 31, 2024

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
PGNY	Progyny, Inc.	+32,381	393,653	$11,262,412
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
TH	Target Hospitality Corp.	−400,203	647,280	$5,637,808
GRND	Grindr Inc.	−55,510	951,802	$11,650,056
FWONK	Liberty Media Corp	−34,498	156,124	$11,215,948
CELH	Celsius Holdings, Inc.	−13,060	82,149	$4,689,886
XPEL	XPEL, Inc.	−7,178	184,355	$6,555,663
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	20,525	$9,173,648
APLD	Applied Digital Corp.	1,351,296	$8,040,211
NVDA	Nvidia Corp	56,140	$6,935,535
IREN	IREN Ltd	164,850	$1,861,156
CORZ	Core Scientific, Inc.	200,000	$1,860,000
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
SNOW	Snowflake Inc.	50,000	$8,080,000
HDSN	Hudson Technologies Inc	573,067	$6,309,467
MOD	Modine Manufacturing Co	61,721	$5,875,221
IBIT	iShares Bitcoin Trust ETF	138,974	$5,624,277
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 tracked positions · $92,331,178 total · filing declares 13 positions · $87,045,727 · as of Jun 30, 2024

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DBRHP	DigitalBridge Group, Inc. Financial Services	Held	525,916	0	$12,490,505	+1.5%	2	$23.60	13.53%
GRND	Grindr Inc. Technology	Reduced	951,802	-55,510	$11,650,056	+14.2%	3	$8.21	12.62%
PGNY	Progyny, Inc. Healthcare	Added	393,653	+32,381	$11,262,412	−18.3%	7	$35.08	12.20%
FWONK	Liberty Media Corp Communication Services	Reduced	156,124	-34,498	$11,215,948	−10.3%	17	unpriced	12.15%
MSFT	Microsoft Corp Technology	NEW	20,525	NEW	$9,173,648	NEW	1	$422.32	9.94%
APLD	Applied Digital Corp. Technology	NEW	1,351,296	NEW	$8,040,211	NEW	1	$3.88	8.71%
NVDA	Nvidia Corp Technology	NEW	56,140	NEW	$6,935,535	NEW	1	unpriced	7.51%
XPEL	XPEL, Inc. Consumer Cyclical	Reduced	184,355	-7,178	$6,555,663	−36.6%	15	$57.35	7.10%
TH	Target Hospitality Corp. Industrials	Reduced	647,280	-400,203	$5,637,808	−50.5%	7	$14.26	6.11%
CELH	Celsius Holdings, Inc. Consumer Defensive	Reduced	82,149	-13,060	$4,689,886	−40.6%	3	unpriced	5.08%
IREN	IREN Ltd Financial Services	NEW	164,850	NEW	$1,861,156	NEW	1	$7.49	2.02%
CORZ	Core Scientific, Inc. Technology	NEW	200,000	NEW	$1,860,000	NEW	1	$5.11	2.01%
RDDT	Reddit, Inc. Communication Services	Held	15,000	0	$958,350	+29.5%	2	unpriced	1.04%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.