Cowen Investment Management LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 29, 2024), Cowen Investment Management LLC reported 4 stock positions worth $56.8 million . Its top holding was Sumitomo Mitsui-Spons ADR (SMFG) at 77.9% of the portfolio, followed by Lloyds Banking Group PLC-ADR (LYG, 21.2% ) and Steel Connect (STCN, 0.4% ). Compared with Q1 2024, it sold out of 2 and reduced 1. The biggest sale was an exit from Star (STHO).
Location NEW YORK, NY
CIK 0001475770
Portfolio Value $56.8M (Q2 2024) Holdings 4 stocks · $56.8M Holdings quarter Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 SMFG Sumitomo Mitsui-Spons ADR 3,301,575 $44.3M No change LYG Lloyds Banking Group PLC-ADR 4,421,183 $12.1M No change STCN Steel Connect Inc. 18,830 $242K No change LBRDK Liberty Broadband-C 4,000 $219K Reduce -95.2%
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.5M (not counted above) Security Class Shares / Principal Value Change HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 3,879,356 $9.5M Add +60.2%
Total filed on the 13F, all lines: $66.3M.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ STHO Star Holdings Sold out 0.00% −15.18 LBRDK Liberty Broadband-C Reduce -95.2% 0.39% −6.42 LBRDA Liberty Broadband-A Sold out 0.00% −6.28
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ None this quarter.
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 45,000 $97Kbefore exit TLT iShares 20+ Year Treasury BD put Sold out 50,000 $15Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 Add +60.2% 3,879,356 $9.5M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q1 2025 0 $0 Q4 2024 1 $12.0M LYG Q3 2024 2 $14.0M LYG, STCN Q2 2024 4 $56.8M SMFG, LYG, STCN, LBRDK Q1 2024 6 $70.4M SMFG, LYG, STHO, LBRDK, LBRDA