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Livermore
Livermore
ZHEN

Cowen Prime Advisors LLC

SEC CIK
0001875920
Latest filing
Jul 31, 2023

The latest 13F from Cowen Prime Advisors LLC covers Q2 2023 (filed Jul 31, 2023): 229 long positions worth $290.4M. The top 10 holdings make up 57.7% of the portfolio, and the largest is PDF Solutions Inc (PDFS) at 14.6%. Livermore has 9 filings on Form 13F from this institution, going back to Q2 2021.

What changed in Q2 2023

Share counts compared with Q1 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$404.9K
Added
19
Est. +$7.67M
Reduced
35
Est. −$8.64M
Sold out
3
Est. −$275.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. PDFSPDF Solutions Inc
    14.6%$42.4MHistory
  2. THRYThryv Holdings, Inc.
    8.1%$23.6MHistory
  3. INSEInspired Entertainment, Inc.
    6.0%$17.3MHistory
  4. ASPNAspen Aerogels Inc
    5.2%$15.1MHistory
  5. ITIIteris, Inc.
    4.4%$12.9MHistory

Share of portfolio

Top 5 holdings and the other 224 positions, by share of portfolio value

  1. PDFS14.6%
  2. THRY8.1%
  3. INSE6.0%
  4. ASPN5.2%
  5. ITI4.4%
  6. Other 224 positions61.7%

Biggest buys

New and added positions, by estimated amount bought

  1. SHCRSharecare, Inc.
    +$2.12MAddedHistory
  2. ASPNAspen Aerogels Inc
    +$1.93MAddedHistory
  3. CCICrown Castle Inc.
    +$1.03MAddedHistory
  4. INSEInspired Entertainment, Inc.
    +$688.4KAddedHistory
  5. IFFInternational Flavors & Fragrances Inc
    +$631.5KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. DMRCDigimarc Corp
    +1.40 pp2.9% → 4.3%History
  2. ASPNAspen Aerogels Inc
    +1.02 pp4.2% → 5.2%History
  3. SHCRSharecare, Inc.
    +0.67 pp2.9% → 3.5%History
  4. KRNTKornit Digital Ltd.
    +0.30 pp0.7% → 1.0%History
  5. SCTLSocietal CDMO, Inc.
    +0.30 pp0.9% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PDFSPDF Solutions Inc
    −$3.17MReducedHistory
  2. FRGFranchise Group, Inc.
    −$1.97MReducedHistory
  3. ITIIteris, Inc.
    −$554.0KReducedHistory
  4. AUGXAugmedix, Inc.
    −$469.0KReducedHistory
  5. GENIGenius Sports Ltd
    −$464.3KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ITIIteris, Inc.
    −1.83 pp6.3% → 4.4%History
  2. FRGFranchise Group, Inc.
    −0.82 pp0.9% → 0.1%History
  3. AZNAstraZeneca PLC
    −0.29 pp1.6% → 1.3%History
  4. JNJJohnson & Johnson
    −0.24 pp1.6% → 1.4%History
  5. BRK.BBerkshire Hathaway Inc
    −0.24 pp1.8% → 1.5%History

Metrics

13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$290.4M
+$40.5M (+16.2%) vs. prior quarter
Positions
229
+4 vs. prior quarter
Top 10 concentration
57.7%
Top 10 as share of value
Turnover
3.0%
Q2 2023, one quarter
Average holding period
8.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2021), so positions held before then are understated.

13F filings by quarter

9 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $294.1M (Q4 2021)

Q2 2021: $275.7MQ3 2021: $268.8MQ4 2021: $294.1MQ1 2022: $237.6MQ2 2022: $175.6MQ3 2022: $174.1MQ4 2022: $243.0MQ1 2023: $249.8MQ2 2023: $290.4M
Q2 2021Q2 2023
13F filings of Cowen Prime Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2023Jul 31, 2023229$290.4MPDFSTHRYINSEvs. Q1 2023SEC
Q1 2023May 3, 2023225$249.8MPDFSTHRYITIvs. Q4 2022SEC
Q4 2022Feb 1, 2023192$243.0MPDFSTHRYINSEvs. Q3 2022SEC
Q3 2022Nov 7, 2022175$174.1MPDFSTHRYITIvs. Q2 2022SEC
Q2 2022Aug 1, 2022177$175.6MPDFSTHRYFRGvs. Q1 2022SEC
Q1 2022May 2, 2022178$237.6MPDFSFRGRDNWvs. Q4 2021SEC
Q4 2021Feb 8, 2022174$294.1MPDFSFRGASPNvs. Q3 2021SEC
Q3 2021Nov 2, 2021170$268.8MPDFSASPNVonage Holdings Corpvs. Q2 2021SEC
Q2 2021Aug 4, 2021167$275.7MPDFSQUOTASPN–SEC

13D and 13G filings

Companies where Cowen Prime Advisors LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Cowen Prime Advisors LLC does not currently report owning 5% or more of any company.

Latest filings

13 filings on file made by Cowen Prime Advisors LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Cowen Prime Advisors LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ITIIteris, Inc.Aug 7, 202313GOld format–––SEC
SCTLSocietal CDMO, Inc.Aug 7, 202313GOld format–––SEC
PDFSPDF Solutions IncAug 7, 202313GOld format–––SEC
PDFSPDF Solutions IncFeb 3, 202313GOld format–––SEC
HTGMHTG Molecular Diagnostics, IncFeb 3, 202313GOld format–––SEC
NEPHNephros IncFeb 3, 202313GOld format–––SEC
NEPHNephros IncFeb 3, 202313GOld format–––SEC
NEPHNephros IncFeb 3, 202313GOld format–––SEC
PDFSPDF Solutions IncFeb 9, 202213GOld format–New–SEC
NEPHNephros IncFeb 9, 202213GOld format–New–SEC
ITIIteris, Inc.Feb 9, 202213GOld format–New–SEC
HTGMHTG Molecular Diagnostics, IncFeb 9, 202213GOld format–New–SEC
SCTLSocietal CDMO, Inc.Aug 2, 202113GOld format–New–SEC