Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 196

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 196
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 8,563   - 
 Interests in SPVs   -   -   -   - 
   51,693  $32,418  $19,275  $- 
 Investments measured at NAV (1)   12,668             
 Total other investments, at fair value  $64,361             
                 
 Liabilities                 
 Trading securities sold, not yet purchased:                 
 Corporate bonds and redeemable preferred stock  $10,098  $-  $10,098  $- 
 Derivatives   1,429   -   1,429   - 
 Equity securities   1,206   1,206   -   - 
 U.S. government agency debt securities   25   -   25   - 
 U.S. Treasury securities   22,632   22,632   -   - 
 Total trading securities sold, not yet purchased  $35,390  $23,838  $11,552  $- 
                 
 Other investments, sold not yet purchased:                 
 Equity derivatives  $65  $-  $65  $- 
 Total other investments sold, not yet purchased  $65  $-  $65  $- 

   ﻿ 
    (1)  As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV,  the CREO JV and the CK Capital Value Fund. The U.S. Insurance JV invests in U.S. Dollar ("USD") denominated debt issued by small insurance and reinsurance companies.  The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. The CK Capital Value Fund invests primarily in office buildings in the Netherlands. According to ASC 820, these investments are not categorized within the valuation hierarchy.  

       23

   FAIR VALUE MEASUREMENTS ON A RECURRING BASIS
    December 31, 2024
   (Dollars in Thousands)﻿

               Significant    Significant  
       Quoted Prices in    Observable    Unobservable  
       Active Markets    Inputs    Inputs  
 Assets   Fair Value