# COWEN INC.

> Institutional holdings reported to the SEC as of Q2 2019 on Form 13F. CIK 1466538. Source: https://holderbook.com/funds/1466538-cowen-inc/

- Reported value: $1.4B
- Positions: 366
- Weight of the ten largest: 44.4%
- Filed: 2019-08-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| RED HAT INC | [RHT](https://holderbook.com/stocks/RHT/) | $89.6M | 468,827 | 6.5% | 3 |
| MELLANOX TECHNOLOGIES LTD | [MLNX](https://holderbook.com/stocks/MLNX/) | $86.9M | 784,841 | 6.3% | 2 |
| TABLEAU SOFTWARE INC | [DATA](https://holderbook.com/stocks/DATA/) | $63.5M | 382,632 | 4.6% | 1 |
| CELGENE CORP | [CELG](https://holderbook.com/stocks/CELG/) | $62.9M | 678,108 | 4.5% | 3 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $61.6M | 13,452,179 | 4.4% | 1 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $60.2M | 1,000,000 | 4.3% | 2 |
| WABCO HLDGS INC | [WBC](https://holderbook.com/stocks/WBC/) | $57.5M | 433,588 | 4.1% | 2 |
| ZAYO GROUP HLDGS INC | [ZAYO](https://holderbook.com/stocks/ZAYO/) | $49.4M | 1,499,493 | 3.6% | 3 |
| ANADARKO PETE CORP | [APC](https://holderbook.com/stocks/APC/) | $43.0M | 605,955 | 3.1% | 1 |
| ORCHARD THERAPEUTICS PLC | [ORTX](https://holderbook.com/stocks/ORTX/) | $42.5M | 3,035,364 | 3.1% | 3 |
| CYPRESS SEMICONDUCTOR CORP | [CY](https://holderbook.com/stocks/CY/) | $41.0M | 1,841,078 | 2.9% | 1 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $27.2M | 483,963 | 2.0% | 2 |
| SUMITOMO MITSUI FIN GRP INC | [SMFG](https://holderbook.com/stocks/SMFG/) | $24.0M | 3,402,000 | 1.7% | 1 |
| LLOYDS BANKING GROUP PLC | [LYG](https://holderbook.com/stocks/LYG/) | $23.8M | 8,374,111 | 1.7% | 3 |
| MEDIDATA SOLUTIONS INC | [MDSO](https://holderbook.com/stocks/MDSO/) | $23.3M | 257,314 | 1.7% | 1 |
| VERSUM MATLS INC | [VSM](https://holderbook.com/stocks/VSM/) | $21.9M | 423,162 | 1.6% | 2 |
| SENTINEL ENERGY SVCS INC | [STNL](https://holderbook.com/stocks/STNL/) | $18.4M | 1,813,245 | 1.3% | 1 |
| WORLDPAY INC | [WP](https://holderbook.com/stocks/WP/) | $15.9M | 129,972 | 1.1% | 2 |
| MIZUHO FINANCIAL GROUP INC | [MFG](https://holderbook.com/stocks/MFG/) | $15.8M | 5,485,850 | 1.1% | 3 |
| PRECISION BIOSCIENCES INC | [DTIL](https://holderbook.com/stocks/DTIL/) | $14.4M | 1,083,926 | 1.0% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $13.6M | 50,000 | 1.0% | 1 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $12.9M | 788,794 | 0.9% | 1 |
| CAESARS ENTMT CORP | [CZRXXXX](https://holderbook.com/stocks/CZRXXXX/) | $12.1M | 1,019,605 | 0.9% | 3 |
| UNILEVER N V | [UN](https://holderbook.com/stocks/UN/) | $11.9M | 196,791 | 0.9% | 2 |
| SOCIAL CAP HEDOSOPHIA HLDGS | [IPOA](https://holderbook.com/stocks/IPOA/) | $11.5M | 1,100,777 | 0.8% | 3 |
| CHURCHILL CAP CORP II | [CCXU](https://holderbook.com/stocks/CCXU/) | $11.2M | 1,107,985 | 0.8% | 1 |
| TRIDENT ACQUISITIONS CORP | [TDAC](https://holderbook.com/stocks/TDAC/) | $10.3M | 994,449 | 0.7% | 3 |
| ARRAY BIOPHARMA INC | [ARRY](https://holderbook.com/stocks/ARRY/) | $10.1M | 217,408 | 0.7% | 1 |
| PURE ACQUISITION CORP | [PACQ](https://holderbook.com/stocks/PACQ/) | $9.4M | 925,000 | 0.7% | 3 |
| TOTAL SYS SVCS INC | [TSS](https://holderbook.com/stocks/TSS/) | $8.7M | 67,888 | 0.6% | 1 |
| CANOPY GROWTH CORP | [CGC](https://holderbook.com/stocks/CGC/) | $8.1M | 160,600 | 0.6% | 3 |
| CONSTELLATION ALPHA CAP CORP | [CNAC](https://holderbook.com/stocks/CNAC/) | $7.9M | 759,312 | 0.6% | 3 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $7.8M | 187,696 | 0.6% | 1 |
| TRIDENT ACQUISITIONS CORP | [TDACU](https://holderbook.com/stocks/TDACU/) | $7.2M | 688,805 | 0.5% | 3 |
| BLACK RIDGE ACQUISITION CORP | [BRAC](https://holderbook.com/stocks/BRAC/) | $6.9M | 670,100 | 0.5% | 1 |
| EL PASO ELEC CO | [EE](https://holderbook.com/stocks/EE/) | $6.9M | 105,258 | 0.5% | 1 |
| SOUTH MTN MERGER CORP | [SMMCU](https://holderbook.com/stocks/SMMCU/) | $6.7M | 668,892 | 0.5% | 1 |
| LEGACY ACQUISITION CORP | [LGCU](https://holderbook.com/stocks/LGCU/) | $6.3M | 600,000 | 0.5% | 3 |
| OPES ACQUISITION CORP | [OPES](https://holderbook.com/stocks/OPES/) | $5.9M | 576,372 | 0.4% | 3 |
| TPG PACE HLDGS CORP | [TPGH](https://holderbook.com/stocks/TPGH/) | $5.9M | 563,094 | 0.4% | 2 |
| LEISURE ACQUISITION CORP | [LACQU](https://holderbook.com/stocks/LACQU/) | $5.8M | 559,303 | 0.4% | 3 |
| TRINE ACQUISITION CORP | [TRNEU](https://holderbook.com/stocks/TRNEU/) | $5.7M | 559,977 | 0.4% | 2 |
| GORES METROPOULOS INC | [GMHI](https://holderbook.com/stocks/GMHI/) | $5.6M | 557,478 | 0.4% | 1 |
| OAKTREE CAP GROUP LLC | [OAK](https://holderbook.com/stocks/OAK/) | $5.6M | 112,859 | 0.4% | 2 |
| APHRIA INC | [APHA](https://holderbook.com/stocks/APHA/) | $5.4M | 737,864 | 0.4% | 3 |
| SUNTRUST BKS INC | [STI](https://holderbook.com/stocks/STI/) | $5.4M | 86,581 | 0.4% | 2 |
| SPARTAN ENERGY ACQUISITON CO | [SPAQU](https://holderbook.com/stocks/SPAQU/) | $5.4M | 534,500 | 0.4% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $5.4M | 42,000 | 0.4% | 2 |
| UNDER ARMOUR INC | [UA](https://holderbook.com/stocks/UA/) | $5.4M | 241,102 | 0.4% | 2 |
| TAKEDA PHARMACEUTICAL CO LTD | [TAK](https://holderbook.com/stocks/TAK/) | $5.3M | 299,914 | 0.4% | 3 |
| GORDON POINTE ACQUISITION CO | [GPAQ](https://holderbook.com/stocks/GPAQ/) | $5.3M | 510,000 | 0.4% | 2 |
| DIAMONDPEAK HLDGS COR | [DPHCU](https://holderbook.com/stocks/DPHCU/) | $5.2M | 520,000 | 0.4% | 2 |
| CHASERG TECHNLGY ACQUISITN C | [CTAC](https://holderbook.com/stocks/CTAC/) | $5.2M | 516,962 | 0.4% | 1 |
| LUCKIN COFFEE INC | [LKNCY](https://holderbook.com/stocks/LKNCY/) | $5.2M | 225,000 | 0.4% | 1 |
| LIBERTY EXPEDIA HLDGS INC | [LEXEA](https://holderbook.com/stocks/LEXEA/) | $5.0M | 105,083 | 0.4% | 3 |
| GCI LIBERTY INC | [GLIBA](https://holderbook.com/stocks/GLIBA/) | $4.8M | 78,334 | 0.3% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.7M | 41,400 | 0.3% | 1 |
| BHP GROUP PLC | [BBL](https://holderbook.com/stocks/BBL/) | $4.6M | 90,868 | 0.3% | 1 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $4.6M | 347,094 | 0.3% | 3 |
| REGALWOOD GLOBAL ENERGY LTD | [RWGE](https://holderbook.com/stocks/RWGE/) | $4.6M | 450,100 | 0.3% | 1 |
| TOTTENHAM ACQUISITION I LTD | [TOTA](https://holderbook.com/stocks/TOTA/) | $4.0M | 394,837 | 0.3% | 3 |
| FORUM MERGER II CORP | [FMCIU](https://holderbook.com/stocks/FMCIU/) | $4.0M | 376,752 | 0.3% | 3 |
| BROOKFIELD PROPERTY REIT INC | [BPR](https://holderbook.com/stocks/BPR/) | $3.9M | 206,259 | 0.3% | 3 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $3.8M | 72,500 | 0.3% | 3 |
| COLLIER CREEK HOLDINGS | [CCH](https://holderbook.com/stocks/CCH/) | $3.7M | 367,909 | 0.3% | 3 |
| GLOBAL BLOOD THERAPEUTICS IN | [GBT](https://holderbook.com/stocks/GBT/) | $3.6M | 67,300 | 0.3% | 3 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $3.6M | 756,800 | 0.3% | 1 |
| 8I ENTERPRISES ACQUISITION C | [JFK](https://holderbook.com/stocks/JFK/) | $3.5M | 356,966 | 0.3% | 1 |
| BUCKEYE PARTNERS L P | [BPL](https://holderbook.com/stocks/BPL/) | $3.5M | 85,491 | 0.3% | 1 |
| NEW FRONTIER CORP | [NFC](https://holderbook.com/stocks/NFC/) | $3.5M | 348,102 | 0.3% | 3 |
| PIVOTAL ACQUISITION CORP | [PVTU](https://holderbook.com/stocks/PVTU/) | $3.5M | 299,100 | 0.2% | 2 |
| PURE ACQUISITION CORP | [PACQU](https://holderbook.com/stocks/PACQU/) | $3.5M | 323,444 | 0.2% | 3 |
| GX ACQUISITION CORP | [GXGXU](https://holderbook.com/stocks/GXGXU/) | $3.4M | 342,396 | 0.2% | 1 |
| MEGALITH FINL ACQUISITION CO | [MFACU](https://holderbook.com/stocks/MFACU/) | $3.4M | 328,900 | 0.2% | 3 |
| LIBERTY MEDIA CORP DEL | [LSXMAXXXX](https://holderbook.com/stocks/LSXMAXXXX/) | $3.4M | 89,765 | 0.2% | 3 |
| TORTOISE ACQUISITION CORP | [SHLLU](https://holderbook.com/stocks/SHLLU/) | $3.3M | 329,140 | 0.2% | 2 |
| GREENLANE HLDGS INC | [GNLNXXXX](https://holderbook.com/stocks/GNLNXXXX/) | $3.2M | 336,686 | 0.2% | 1 |
| TILRAY BRANDS INC | [TLRY](https://holderbook.com/stocks/TLRY/) | $3.2M | 61,600 | 0.2% | 3 |
| B RILEY PRINCIPAL MERGER COR | [BRPMU](https://holderbook.com/stocks/BRPMU/) | $3.2M | 320,411 | 0.2% | 1 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $3.2M | 51,204 | 0.2% | 1 |
| GORES METROPOULOS INC | [GMHIU](https://holderbook.com/stocks/GMHIU/) | $3.2M | 302,000 | 0.2% | 2 |
| VECTOIQ ACQUISITION CORP | [VTIQU](https://holderbook.com/stocks/VTIQU/) | $3.1M | 296,667 | 0.2% | 3 |
| MUDRICK CAP ACQUISITION CORP | [MUDS](https://holderbook.com/stocks/MUDS/) | $3.1M | 304,915 | 0.2% | 3 |
| CAPITOL INVT CORP IV | [CIC](https://holderbook.com/stocks/CIC/) | $3.1M | 300,580 | 0.2% | 3 |
| LEGACY ACQUISITION CORP | [LGC](https://holderbook.com/stocks/LGC/) | $3.0M | 299,969 | 0.2% | 3 |
| ACAMAR PARTNERS ACQSITION CO | [ACAMU](https://holderbook.com/stocks/ACAMU/) | $3.0M | 301,000 | 0.2% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $2.9M | 0 | 0.2% | 2 |
| FINTECH ACQUISITION CORP III | [FTACU](https://holderbook.com/stocks/FTACU/) | $2.9M | 268,872 | 0.2% | 2 |
| FORUM MERGER II CORP | [FMCI](https://holderbook.com/stocks/FMCI/) | $2.9M | 286,176 | 0.2% | 2 |
| GORES HOLDINGS III INC | [GRSH](https://holderbook.com/stocks/GRSH/) | $2.9M | 285,585 | 0.2% | 2 |
| DISCOVERY INC | [DISCK](https://holderbook.com/stocks/DISCK/) | $2.8M | 100,000 | 0.2% | 1 |
| LIBERTY BROADBAND CORP | [LBRDK](https://holderbook.com/stocks/LBRDK/) | $2.7M | 26,279 | 0.2% | 3 |
| II-VI INC | [IIVI](https://holderbook.com/stocks/IIVI/) | $2.7M | 74,675 | 0.2% | 2 |
| KEZAR LIFE SCIENCES INC | [KZR](https://holderbook.com/stocks/KZR/) | $2.6M | 343,049 | 0.2% | 3 |
| PIVOTAL ACQUISITION CORP | [PVT](https://holderbook.com/stocks/PVT/) | $2.6M | 260,280 | 0.2% | 1 |
| BANCO SANTANDER MEXICO SA | [BSMX](https://holderbook.com/stocks/BSMX/) | $2.5M | 324,337 | 0.2% | 1 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $2.5M | 324,358 | 0.2% | 2 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $2.4M | 16,700 | 0.2% | 3 |
| TIBERIUS ACQUISITION CORP | [TIBR](https://holderbook.com/stocks/TIBR/) | $2.4M | 233,421 | 0.2% | 1 |
| LANDCADIA HLDGS II INC | [LCAHU](https://holderbook.com/stocks/LCAHU/) | $2.3M | 231,300 | 0.2% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2019 | -3.0% | +3.7% | -6.7% | 78% |
| Q1 2019 | +7.2% | +13.0% | -5.9% | 84% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2019 | $1.4B | 366 |
| Q1 2019 | $930.7M | 297 |
| Q4 2018 | $903.4M | 282 |