Cowen Investment Management 13F annual report

Cowen Investment Management is an investment fund managing more than $56.8 billion ran by John Holmes. There are currently 4 companies in Mr. Holmes’s portfolio. The largest investments include Sumitomo Mitsui Finl Group I and Lloyds Banking plc, together worth $56.3 billion.

$56.8 billion Assets Under Management (AUM)

As of 22nd August 2024, Cowen Investment Management’s top holding is 3,301,575 shares of Sumitomo Mitsui Finl Group I currently worth over $44.3 billion and making up 77.9% of the portfolio value. In addition, the fund holds 4,421,183 shares of Lloyds Banking plc worth $12.1 billion, whose value grew 29.5% in the past six months. The third-largest holding is Steel Connect Inc worth $242 million and the next is Liberty Broadband Corp worth $219 million, with 4,000 shares owned.

Currently, Cowen Investment Management's portfolio is worth at least $56.8 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Cowen Investment Management

The Cowen Investment Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, John Holmes serves as the Chief Operating Officer at Cowen Investment Management.

Recent trades

There are companies that Cowen Investment Management is getting rid of from its portfolio. Cowen Investment Management closed its position in Star Hldgs on 29th August 2024. It sold the previously owned 826,845 shares for $10.7 billion. John Holmes also disclosed a decreased stake in Liberty Broadband Corp by 1.0%. This leaves the value of the investment at $219 million and 4,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Cowen Investment Management are Zazove Associates and Strategic Vision Investment Ltd. They manage $56.8 billion and $56.7 billion respectively.

John Holmes investment strategy

Cowen Investment Management’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Finance — making up 21.2% of the total portfolio value. The fund focuses on investments in the United Kingdom as 25.0% of the portfolio companies are based in the United Kingdom.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 50% of the total holdings value. On the other hand, small-cap stocks make up 25.0% of the portfolio. The average market cap of the portfolio companies is close to $16.8 billion.

The complete list of Cowen Investment Management trades based on 13F SEC filings

These positions were updated on August 29th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Sumitomo Mitsui Finl Group I	No change 3,301,575	$44,274,121,000	77.94%
Lloyds Banking Group plc	No change 4,421,183	$12,069,830,000	21.25%
Star Hldgs	Closed 826,845	$10,682,837,000
Liberty Broadband Corp	Closed 77,370	$4,419,374,000
Steel Connect Inc	No change 18,830	$241,777,000	0.43%
Liberty Broadband Corp	95.22% 4,000	$219,280,000	0.39%
No transactions found
Showing first 500 out of 6 holdings