Managers / Q3 2023
Cohen & Co Financial Management, LLC
CIK 0001778536 · 3 COLUMBUS CIRCLE, 24TH FLOOR, NEW YORK, NY, 10019 · 646-965-8215
Summary
Cohen & Co Financial Management, LLC reported $18M in U.S.-listed holdings across 8 positions for Q3 2023.
The portfolio is heavily concentrated: Lanzatech Global alone accounts for 80.3% of reported value.
Compared with Q2 2023, the fund opened 2 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Other · 84.8% · $16M
- Equity WRT · 11.5% · $2M
- Common Stock · 3.6% · $661,144
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ESGL HLDGS LTD | NEW | +1.27M | 1.27M | +$669,454 | $669,454 |
| RUBICON TECHNOLOGIES INC | NEW | +205.1K | 205.1K | +$426,620 | $426,620 |
| RUBICON TECHNOLOGIES INC | SOLD OUT | −1.64M | 0 | −$607,114 | $0 |
| LANZATECH GLOBAL INC | TRIMMED | −213.4K | 2.69M | −$7M | $13M |
| OCEAOCEAN BIOMEDICAL INC | TRIMMED | −4.5K | 59.7K | −$153,271 | $232,908 |
| LANZATECH GLOBAL INC | HELD | +0 | 2.01M | +$743,700 | $2M |
| SATIXFY COMMUNICATIONS LTD | HELD | +0 | 2.84M | +$318,876 | $2M |
| SHF HOLDINGS INC | HELD | +0 | 971.2K | +$252,513 | $767,251 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LANZATECH GLOBAL INC | COM · *W EXP 01/01/202 | 80.27% | $15M | 4.70M |
| 2 | SATIXFY COMMUNICATIONS LTD | ORD SHS | 8.26% | $2M | 2.84M |
| 3 | SHF HOLDINGS INC | CLASS A COM | 4.20% | $767,251 | 971.2K |
| 4 | ESGL HLDGS LTD | SHS | 3.66% | $669,454 | 1.27M |
| 5 | RUBICON TECHNOLOGIES INC | CL A | 2.33% | $426,620 | 205.1K |
| 6 | OCEAOCEAN BIOMEDICAL INChistory → | COM | 1.27% | $232,908 | 59.7K |
| 7 | SFRTAPPRECIATE HOLDINGS INC | CLASS A COM | 0.01% | $1,616 | 10.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2023 | $18M | 8 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $24M | 7 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $34M | 9 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $58M | 8 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $58M | 28 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $101M | 71 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $14M | 79 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $151M | 109 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $238M | 152 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $157M | 64 | Jul 28, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.