SEC 13F Intelligence

Managers / Q3 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
$158M
Q3 2019
Positions
40
Filings on Record
22
2019–present window
Filed
Nov 12, 2019
original filing

Summary

Cheyne Capital Management (UK) LLP reported $158M in U.S.-listed holdings across 40 positions for Q3 2019.

Its largest position, Twitter, represents 6.7% of the portfolio.

Compared with Q2 2019, the fund opened 8 new positions and exited 10.

Portfolio Metrics

Turnover
+20.8%
vs prior filed quarter
Top-10 Concentration
+47.4%
share of reported value
Largest Position
+6.7%
Twitter
New / Exited
8 / 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: 62.7%Common Stock: 16.9%ADR: 6.2%ETP: 5.6%PRIV PLACEMENT: 4.1%Other: 4.5%
  • US DOMESTIC · 62.7% · $99M
  • Common Stock · 16.9% · $27M
  • ADR · 6.2% · $10M
  • ETP · 5.6% · $9M
  • PRIV PLACEMENT · 4.1% · $6M
  • Other · 4.5% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPLUNK INCNEW+8.87M8.87M+$10M$10M
PALO ALTO NETWORKS INCNEW+5.87M5.87M+$6M$6M
SESEA LTDNEW+148.8K148.8K+$5M$5M
GDXJVANECK VECTORS ETFNEW+75.6K75.6K+$3M$3M
APOLLO GLOBAL MGMT INCNEW+47.4K47.4K+$2M$2M
SHOPSHOPIFY INCNEW+5.0K5.0K+$2M$2M
NEW ORIENTAL ED & TECH GRP INEW+7.5K7.5K+$831,000$831,000
FTI CONSULTING INCNEW+430.0K430.0K+$524,000$524,000

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

Holdings — Q3 2019

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TWITTER INCNOTE 0.250% 6/16.75%$11M10.07M
2SPLUNK INCNOTE 0.500% 9/16.01%$10M8.87M
3PRICELINE GRP INCNOTE 0.900% 9/16.00%$10M8.20M
4VECTOR GROUP LTDFRNT 4/14.53%$7M6.91M
5RDNTRADNET INChistory →COM4.41%$7M486.6K
6LIBERTY MEDIA CORPNOTE 1.000% 1/34.08%$6M5.16M
7FIREEYE INCNOTE 0.875% 6/04.02%$6M6.77M
8PALO ALTO NETWORKS INCNOTE 0.750% 7/03.91%$6M5.87M
9GDXVANECK VECTORS ETF TRhistory →GOLD MINERS ETF3.88%$6M230.1K
10GOOGLALPHABET INChistory →CAP STK CL A3.85%$6M5.0K
11NRG ENERGY INCDBCV 2.750% 6/03.75%$6M5.28M
12CTRIP COM INTL LTDNOTE 1.000% 7/03.60%$6M5.83M
13SPIRIT RLTY CAP INCNOTE 3.750% 5/13.56%$6M5.49M
14SESEA LTDhistory →SPONSORED ADS2.91%$5M148.8K
15ARES CAP CORPNOTE 3.750% 2/02.80%$4M4.29M
16GUIDEWIRE SOFTWARE INCNOTE 1.250% 3/12.42%$4M3.34M
17LIVE NATION ENTERTAINMENT INCNOTE 2.500% 3/12.24%$4M3.03M
18ABXBARRICK GOLD CORPORATIONhistory →COM2.14%$3M196.0K
19CARDTRONICS INCNOTE 1.000%12/02.11%$3M3.41M
20MARRIOTT VACTINS WORLDWID CONOTE 1.500% 9/12.04%$3M3.22M
21BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/02.00%$3M3.22M
22NUANCE COMMUNICATIONS INCDBCV 1.000%12/11.92%$3M3.22M
23CVNACARVANA COhistory →CL A1.90%$3M45.6K
24BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.85%$3M17.5K
25SQUARE INCNOTE 0.500% 5/11.77%$3M2.52M
26ALTAIR ENGR INCNOTE 0.250% 6/01.76%$3M2.76M
27IOVAIOVANCE BIOTHERAPEUTICS INChistory →COM1.74%$3M151.5K
28GDXJVANECK VECTORS ETFhistory →JR GOLD MINERS E1.73%$3M75.6K
29PROSPECT CAPITAL CORPORATIONNOTE 4.950% 7/11.66%$3M2.55M
30JDJD COM INChistory →SPON ADR CL A1.42%$2M80.0K
31PURE STORAGE INCNOTE 0.125% 4/11.41%$2M2.26M
32JAZZ INVESTMENTS I LTDNOTE 1.500% 8/11.22%$2M2.00M
33APOLLO GLOBAL MGMT INCCOM CL A1.13%$2M47.4K
34SHOPSHOPIFY INCCL A0.99%$2M5.0K
35FCXFREEPORT-MCMORANCL B0.55%$871,00091.0K
36INSMED INCNOTE 1.750% 1/10.53%$838,0001.00M
37NEW ORIENTAL ED & TECH GRP ISPON ADR0.52%$831,0007.5K
38FTI CONSULTING INCNOTE 2.000% 8/10.33%$524,000430.0K
39GDS HLDGS LTDNOTE 2.000% 6/00.33%$520,000500.0K
40POLARITYTE INCCOM0.22%$352,000109.1K

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 ↗.