SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Cheyne Capital Management (UK) LLP

CIK 0001390457 · STORNOWAY HOUSE, 13 CLEVELAND ROW, LONDON, X0, SW1A 1DH · 011-44(0)2070317450

Reported Value
$138M
Q2 2019
Positions
42
Filings on Record
22
2019–present window
Filed
Aug 8, 2019
original filing

Summary

Cheyne Capital Management (UK) LLP reported $138M in U.S.-listed holdings across 42 positions for Q2 2019.

Its largest position, Twitter, represents 6.0% of the portfolio.

Compared with Q1 2019, the fund opened 17 new positions and exited 10.

Portfolio Metrics

Turnover
+26.2%
vs prior filed quarter
Top-10 Concentration
+45.2%
share of reported value
Largest Position
+6.0%
Twitter
New / Exited
17 / 10
positions this quarter

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

13F Reported Value
Q4 ’18: $106MQ4 ’18Q1 ’19: $107MQ2 ’19: $138MQ3 ’19: $158MQ3 ’19Q4 ’19: $165MQ1 ’20: $97MQ2 ’20: $148MQ2 ’20Q3 ’20: $203MQ4 ’20: $198MQ1 ’21: $158MQ1 ’21Q2 ’21: $220MQ3 ’21: $168MQ4 ’21: $154MQ4 ’21Q1 ’22: $159MQ2 ’22: $118MQ3 ’22: $47MQ3 ’22Q4 ’22: $57MQ1 ’23: $32MQ2 ’23: $27MQ2 ’23Q3 ’23: $35MQ4 ’23: $28Mfilingsflow.com

Portfolio Composition

By security type
US DOMESTIC: 62.9%Common Stock: 17.8%ADR: 6.5%PRIV PLACEMENT: 3.8%GLOBAL: 3.4%Other: 5.6%
  • US DOMESTIC · 62.9% · $87M
  • Common Stock · 17.8% · $25M
  • ADR · 6.5% · $9M
  • PRIV PLACEMENT · 3.8% · $5M
  • GLOBAL · 3.4% · $5M
  • Other · 5.6% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TWITTER INCNEW+8.50M8.50M+$8M$8M
AKAMAI TECHNOLOGIES INCNEW+7.10M7.10M+$8M$8M
GOOGLALPHABET INCNEW+5.0K5.0K+$5M$5M
FIREEYE INCNEW+5.45M5.45M+$5M$5M
NRG ENERGY INCNEW+4.50M4.50M+$5M$5M
JDJD COM INCNEW+116.0K116.0K+$4M$4M
BABAALIBABA GROUP HLDG LTDNEW+20.0K20.0K+$3M$3M
ALTAIR ENGR INCNEW+2.50M2.50M+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TWITTER INCNOTE 0.250% 6/16.04%$8M8.50M
2AKAMAI TECHNOLOGIES INCNOTE 0.125% 5/05.53%$8M7.10M
3PRICELINE GRP INCNOTE 0.900% 9/15.39%$7M6.50M
4RDNTRADNET INChistory →COM4.53%$6M452.5K
5VECTOR GROUP LTDFRNT4.50%$6M6.00M
6LIVE NATION ENTERTAINMENT INNOTE 2.500% 3/14.13%$6M4.80M
7GOOGLALPHABET INChistory →CAP STK CL A3.93%$5M5.0K
8FIREEYE INCNOTE 0.875% 6/03.87%$5M5.45M
9LIBERTY MEDIA CORP DELAWARENOTE 1.000% 1/33.80%$5M4.45M
10NRG ENERGY INCDBCV 2.750% 6/03.49%$5M4.50M
11IOVAIOVANCE BIOTHERAPEUTICS INChistory →COM3.32%$5M186.5K
12SPIRIT RLTY CAP INC NEWNOTE 3.750% 5/13.22%$4M4.35M
13RTI INTL METALS INCNOTE 1.625%10/13.13%$4M4.25M
14CTRIP COM INTL LTDNOTE 1.000% 7/03.01%$4M4.20M
15JDJD COM INChistory →SPON ADR CL A2.55%$4M116.0K
16ARES CAP CORPNOTE 3.750% 2/02.51%$3M3.40M
17BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS2.46%$3M20.0K
18GUIDEWIRE SOFTWARE INCNOTE 1.250% 3/12.44%$3M3.00M
19ABXBARRICK GOLD CORPORATIONhistory →COM2.24%$3M196.0K
20APOLLO GLOBAL MGMT LLCCL A SHS2.18%$3M87.4K
21ELECTRONICS FOR IMAGING INCNOTE 0.750% 9/02.17%$3M3.00M
22ALTAIR ENGR INCNOTE 0.250% 6/01.97%$3M2.50M
23BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/01.93%$3M2.55M
24CARDTRONICS INCNOTE 1.000%12/01.89%$3M2.70M
25PROSPECT CAPITAL CORPORATIONNOTE 4.950% 7/11.86%$3M2.55M
26MARRIOTT VACTINS WORLDWID CONOTE 1.500% 9/11.79%$2M2.55M
27NUANCE COMMUNICATIONS INCDBCV 1.000%12/11.74%$2M2.55M
28SQUARE INCNOTE 0.500% 5/11.74%$2M2.00M
29DANAHER CORPORATION4.75 MND CV PFD1.60%$2M2.0K
30GDXVANECK VECTORS ETF TRhistory →GOLD MINERS ETF1.58%$2M85.0K
31JAZZ INVESTMENTS I LTDNOTE 1.500% 8/11.43%$2M2.00M
32PURE STORAGE INCNOTE 0.125% 4/11.39%$2M2.00M
33CVNACARVANA COhistory →CL A1.38%$2M30.4K
34TALTAL EDUCATION GROUPhistory →SPONSORED ADS1.24%$2M45.0K
35MELIMERCADOLIBRE INCCOM0.89%$1M2.0K
36INSMED INCNOTE 1.750% 1/10.71%$973,0001.00M
37EPAMEPAM SYSTEMS INCCOM0.66%$909,0005.3K
38POLARITYTE INCCOM0.45%$622,000109.1K
39FCXFREEPORT-MCMORAN INCCL B0.41%$560,00048.2K
40GDS HLDGS LTDNOTE 2.000% 6/00.36%$494,000500.0K
41GGALGRUPO FINANCIERO GALICIA S ASPONSORED ADR0.26%$355,00010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$28M15Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$35M24Oct 27, 202313F-HRchanges · EDGAR ↗
Q2 2023$27M19Jul 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$32M22May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$57M59Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$47M35Nov 10, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$118M108Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$159M142May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$154M125Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$168M112Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$220M114Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$158M100May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$198M88Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$203M57Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$148M46Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$97M40May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$165M43Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$158M40Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$138M42Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$107M35May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$106M35Feb 5, 201913F-HRchanges · 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 ↗.