COWEN AND COMPANY, LLC

CIK

48966

Location

NEW YORK, NY

Portfolio Value

Mid $2,580,629,097

Diversification

Diversified

Reports for

Cowen Financial Products LLC

Filing Date

Global Rank

#919 / 7,382 ▼ 125 · as of Sep 2024

Top Industry

Semiconductors 28.5%

3Y Alpha vs SPY

+223.4%

Period ended 1 year ago

Filed Nov 12, 2024 · 1y

19 quarters · since Mar 2020

Clone Performance

Aug 2023–Apr 2025 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+600.1%

SPY

+18.4%

Annualised alpha

+221.2%

Max drawdown

−27.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 99% of reported value on average across 6 quarters.COWEN AND COMPANY, LLC has stopped filing, so the simulation ends in Apr 2025 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

296 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

26.3%

+2.4 pts

Top 5

53.2%

−9.3 pts

Top 10

73.7%

−4.6 pts

HHI

997

Diversified−50

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Technology	39.6%	$1,020,748,194	38
Healthcare	18.6%	$480,048,141	51
Financial Services	14.7%	$378,072,960	62
Consumer Cyclical	11.9%	$308,120,983	22
Communication Services	10.9%	$280,054,671	14
Energy	1.3%	$32,530,023	2
Basic Materials	0.9%	$23,762,120	8
Real Estate	0.7%	$19,012,907	3
Unclassified	0.7%	$17,225,287	59
Industrials	0.5%	$12,885,549	29
Consumer Defensive	0.3%	$6,709,045	5
Utilities	0.1%	$1,459,217	3

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HTZ	Hertz Global Holdings, Inc	+4,644,611	9,112,814	$5,266,800
CHPT	ChargePoint Holdings, Inc.	+1,935,258	9,999,012	$6,316,400
KVACF	Keen Vision Acquisition Corp.	+1,629,654	4,111,360	$8,597,240
—		+1,445,187	2,303,280	$18,166,260
—		+1,289,693	2,212,998	$0
ONMDW	OneMedNet Corp	+1,257,498	5,941,672	$0
—		+1,221,600	1,626,500	$0
FSHP	Flag Ship Acquisition Corp	+1,175,132	1,504,027	$5,441,411
NVDA	Nvidia Corp	+1,147,258	9,945,826	$677,526,245
USAR	USA Rare Earth, Inc.	+1,045,300	1,451,258	$0
BAER	Bridger Aerospace Group Holdings, Inc.	+680,205	1,035,404	$0
AFJK	Aimei Health Technology Co., Ltd.	+653,511	1,886,539	$3,459,165
—		+621,724	1,838,159	$0
—		+598,987	1,006,718	$0
AMZN	Amazon Com Inc	+590,736	1,269,822	$146,445,682
CXAI	CXApp Inc.	+574,982	1,373,919	$0
SPKL	Spark I Acquisition Corp	+547,784	722,784	$4,498,942
MRNO	Murano Global Investments Plc	+531,805	838,127	$0
MSFT	Microsoft Corp	+530,640	577,257	$143,440,211
ALCYF	Alchemy Investments Acquisition Corp 1	+475,113	825,013	$8,967,891
GOOGL	Alphabet Inc.	+471,577	971,577	$71,881,683
—		+445,404	1,099,034	$0
BYND	Beyond Meat, Inc.	+408,800	600,000	$135,598
BNAI	Brand Engagement Network Inc.	+369,388	695,962	$0
—		+285,332	300,800	$0
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
INVZ	Innoviz Technologies Ltd.	−4,374,181	3,753,135	$3,107,595
DNA	Ginkgo Bioworks Holdings, Inc.	−3,151,114	12,500	$101,875
AUR	Aurora Innovation, Inc.	−2,422,990	69,312	$0
NKE	NIKE, Inc.	−1,652,700	355,141	$1,345,188
—		−1,372,909	188,494	$0
KDK	Kodiak AI, Inc.	−1,345,140	1,963,091	$0
SMFG	Sumitomo Mitsui Financial Group, Inc.	−1,240,500	1,560,230	$19,705,704
—		−949,243	100,051	$0
PTGX	Protagonist Therapeutics, Inc	−841,294	340,974	$15,343,830
AMD	Advanced Micro Devices Inc	−650,124	317,107	$52,030,916
ORKA	Oruka Therapeutics, Inc.	−641,668	58,332	$1,429,717
AAPL	Apple Inc.	−520,528	823,959	$122,948,187
META	Meta Platforms, Inc.	−463,835	309,820	$177,353,360
CORZ	Core Scientific, Inc./tx	−436,401	528,835	$682,714
—		−360,869	50,432	$0
—		−340,769	3,147,521	$23,250,043
RENEF	Cartesian Growth Corp II	−319,909	153,474	$0
ALSAF	Alpha Star Acquisition Corp	−316,573	654,974	$0
URGN	UroGen Pharma Ltd.	−302,893	1,796,589	$22,816,680
RGTI	Rigetti Computing, Inc.	−294,093	400,000	$0
EMCGF	Embrace Change Acquisition Corp.	−288,994	240,367	$0
IBAC	IB Acquisition Corp.	−261,286	713,645	$883,460
GPAT	GP-Act III Acquisition Corp.	−260,761	924,639	$151,502
—		−221,724	250,000	$0
COIN	Coinbase Global, Inc.	−213,642	1,275,333	$227,226,080
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
LLY	ELI LILLY & Co	260,399	$119,846,968
PLTR	Palantir Technologies Inc.	523,644	$19,479,556
CHTR	Charter Communications, Inc. /Mo/	27,985	$9,069,378
SIMA	SIM Acquisition Corp. I	1,526,396	$6,969,489
SIRI	Sirius Xm Holdings Inc.	1,322,953	$5,783,226
DTSQ	DT Cloud Star Acquisition Corp	443,445	$4,432,232
POLE	Andretti Acquisition Corp. II	422,900	$4,229,000
EURK	Eureka Acquisition Corp	922,178	$4,180,936
AOS	Smith A O Corp	50,000	$3,610,700
CDAQF	Compass Digital Acquisition Corp.	322,500	$3,499,125
NFLX	Netflix Inc	14,500	$3,405,715
CAPN	Cayson Acquisition Corp	317,595	$3,182,301
SOC	Sable Offshore Corp.	88,158	$2,083,173
QETA	Quetta Acquisition Corp	206,210	$2,032,295
FVN	Future Vision II Acquisition Corp.	199,865	$2,000,648
VLOS	Velos Acquisition I Corp.	165,942	$1,659,420
UBER	Uber Technologies, Inc	21,387	$1,607,446
BIRK	Birkenstock Holding plc	26,197	$1,291,250
TONT	Graf Global Corp.	120,000	$1,201,200
ALFUU	Centurion Acquisition Corp.	1,483,432	$1,099,980
SERV	Serve Robotics Inc. /DE/	240,000	$1,092,000
BIPH	Brookfield Infrastructure Partners L.P.	55,799	$1,074,130
FA	First Advantage Corp	53,600	$1,063,960
BNTX	BioNTech SE	25,402	$1,039,554
CLF	Cleveland-Cliffs Inc.	193,687	$1,034,006
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
PZZA	Papa Johns International Inc	696,800	$32,735,664
FULC	Fulcrum Therapeutics, Inc.	2,965,427	$18,378,236
SLAMF	Slam Corp.	892,899	$9,929,036
GBTC	Grayscale Bitcoin Trust ETF	148,000	$7,117,897
GSM	Ferroglobe PLC	520,000	$2,787,200
IBRX	ImmunityBio, Inc.	400,000	$2,528,000
PYPL	PayPal Holdings, Inc.	108,000	$2,347,130
SRI	Stoneridge Inc	140,000	$2,234,400
—		122,652	$1,346,718
ACET	Adicet Bio, Inc.	801,298	$969,570
DD	DuPont de Nemours, Inc.	64,550	$902,724
OKLO	Oklo Inc.	105,000	$889,350
—		78,483	$886,073
BYD	Boyd Gaming Corp	35,200	$713,719
—		51,137	$588,075
SRPT	Sarepta Therapeutics, Inc.	24,500	$467,005
ITT	Itt Inc.	23,255	$440,980
ELV	Elevance Health, Inc.	6,210	$371,974
MIR	Mirion Technologies, Inc.	25,000	$268,500
ANGI	Angi Inc.	139,133	$267,135
CGC	Canopy Growth Corp	100,800	$188,978
OMEX	Odyssey Marine Exploration Inc	36,000	$175,680
CL	Colgate Palmolive Co	42,300	$153,754
CCO	Clear Channel Outdoor Holdings, Inc.	85,000	$119,850
WULF	Terawulf Inc.	20,000	$89,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

296 tracked positions · $2,580,629,097 total · filing declares 628 positions · $2,969,102,367 · as of Sep 30, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 296 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp PUT + SHARES Technology	Added	9,945,826	+1,147,258	$677,526,245	−5.5%	26.25%
COIN	Coinbase Global, Inc. Financial Services	Reduced	1,275,333	-213,642	$227,226,080	−31.3%	8.81%
META	Meta Platforms, Inc. Communication Services	Reduced	309,820	-463,835	$177,353,360	−54.5%	6.87%
AMZN	Amazon Com Inc PUT + SHARES Consumer Cyclical	Added	1,269,822	+590,736	$146,445,682	+11.6%	5.67%
MSFT	Microsoft Corp PUT + SHARES Technology	Added	577,257	+530,640	$143,440,211	+588.4%	5.56%
PTCT	Ptc Therapeutics, Inc. Healthcare	Reduced	3,590,655	-165,814	$133,213,300	+16.0%	5.16%
AAPL	Apple Inc. PUT + SHARES Technology	Reduced	823,959	-520,528	$122,948,187	−56.6%	4.76%
LLY	ELI LILLY & Co PUT + SHARES Healthcare	NEW	260,399	NEW	$119,846,968	NEW	4.64%
TSLA	Tesla, Inc. Consumer Cyclical	Added	308,553	+69,169	$80,726,721	+70.4%	3.13%
TARS	Tarsus Pharmaceuticals, Inc. Healthcare	Held	2,197,385	0	$72,271,992	+21.0%	2.80%
GOOGL	Alphabet Inc. PUT CALL + SHARES Communication Services	Added	971,577	+471,577	$71,881,683	−21.6%	2.79%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	631,199	+106,573	$66,982,837	+77.3%	2.60%
AMD	Advanced Micro Devices Inc Technology	Reduced	317,107	-650,124	$52,030,916	−66.8%	2.02%
STOK	Stoke Therapeutics, Inc. Healthcare	Reduced	3,244,498	-121,246	$39,874,880	−12.3%	1.55%
ESTA	Establishment Labs Holdings Inc. Healthcare	Reduced	869,948	-70,000	$37,642,649	−11.9%	1.46%
ET	Energy Transfer LP Energy	Added	1,897,000	+70,000	$30,446,850	+2.7%	1.18%
		Reduced	3,147,521	-340,769	$23,250,043	+15.0%	0.90%
URGN	UroGen Pharma Ltd. Healthcare	Reduced	1,796,589	-302,893	$22,816,680	−35.2%	0.88%
MERC	Mercer International Inc. Basic Materials	Held	3,300,000	0	$22,341,000	−20.7%	0.87%
RCKT	Rocket Pharmaceuticals, Inc. Healthcare	Held	1,100,000	0	$20,317,000	−14.2%	0.79%
SMFG	Sumitomo Mitsui Financial Group, Inc. Financial Services	Reduced	1,560,230	-1,240,500	$19,705,704	−47.5%	0.76%
PLTR	Palantir Technologies Inc. Technology	NEW	523,644	NEW	$19,479,556	NEW	0.75%
STHO	Star Holdings Real Estate	Added	1,324,301	+4,705	$18,328,325	+15.2%	0.71%
		Added	2,303,280	+1,445,187	$18,166,260	+188.0%	0.70%
PTGX	Protagonist Therapeutics, Inc Healthcare	Reduced	340,974	-841,294	$15,343,830	−62.5%	0.59%
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Added	191,760	+121,760	$10,128,740	+5006.5%	0.39%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	NEW	27,985	NEW	$9,069,378	NEW	0.35%
ALCYF	Alchemy Investments Acquisition Corp 1 Financial Services	Added	825,013	+475,113	$8,967,891	+139.1%	0.35%
KVACF	Keen Vision Acquisition Corp. Financial Services	Added	4,111,360	+1,629,654	$8,597,240	−24.8%	0.33%
TAK	Takeda Pharmaceutical Co Ltd Healthcare	Held	530,600	0	$7,545,132	+9.9%	0.29%
SIMA	SIM Acquisition Corp. I Financial Services	NEW	1,526,396	NEW	$6,969,489	NEW	0.27%
CHPT	ChargePoint Holdings, Inc. PUT CALL + SHARES Consumer Cyclical	Added	9,999,012	+1,935,258	$6,316,400	−6.1%	0.24%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Reduced	271,509	-21,228	$6,312,584	+4.0%	0.24%
ACI	Albertsons Companies, Inc. CALL + SHARES Consumer Defensive	Added	381,700	+222,700	$6,133,566	+95.3%	0.24%
SIRI	Sirius Xm Holdings Inc. PUT CALL + SHARES Communication Services	NEW	1,322,953	NEW	$5,783,226	NEW	0.22%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL + SHARES	Added	82,260	+55,160	$5,584,747	+25986.0%	0.22%
		Reduced	147,842	-11,415	$5,525,539	+23.8%	0.21%
FSHP	Flag Ship Acquisition Corp Financial Services	Added	1,504,027	+1,175,132	$5,441,411	+65.3%	0.21%
HTZ	Hertz Global Holdings, Inc PUT Industrials	Added	9,112,814	+4,644,611	$5,266,800	+1295.2%	0.20%
SPKL	Spark I Acquisition Corp Financial Services	Added	722,784	+547,784	$4,498,942	—	0.17%
DTSQ	DT Cloud Star Acquisition Corp Financial Services	NEW	443,445	NEW	$4,432,232	NEW	0.17%
POLE	Andretti Acquisition Corp. II Financial Services	NEW	422,900	NEW	$4,229,000	NEW	0.16%
EURK	Eureka Acquisition Corp Financial Services	NEW	922,178	NEW	$4,180,936	NEW	0.16%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	157,732	-50,000	$3,862,856	−15.7%	0.15%
AOS	Smith A O Corp PUT + SHARES Industrials	NEW	50,000	NEW	$3,610,700	NEW	0.14%
CDAQF	Compass Digital Acquisition Corp. Financial Services	NEW	322,500	NEW	$3,499,125	NEW	0.14%
AFJK	Aimei Health Technology Co., Ltd. Financial Services	Added	1,886,539	+653,511	$3,459,165	+377.7%	0.13%
NFLX	Netflix Inc PUT + SHARES Communication Services	NEW	14,500	NEW	$3,405,715	NEW	0.13%
CAPN	Cayson Acquisition Corp Financial Services	NEW	317,595	NEW	$3,182,301	NEW	0.12%
INVZ	Innoviz Technologies Ltd. Consumer Cyclical	Reduced	3,753,135	-4,374,181	$3,107,595	−58.8%	0.12%

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.