SEC 13F Intelligence

Managers / Q4 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
$165M
Q4 2019
Positions
43
Filings on Record
22
2019–present window
Filed
Feb 12, 2020
original filing

Summary

Cheyne Capital Management (UK) LLP reported $165M in U.S.-listed holdings across 43 positions for Q4 2019.

Its largest position, EEM, represents 6.8% of the portfolio.

Compared with Q3 2019, the fund opened 8 new positions and exited 5.

Portfolio Metrics

Turnover
+23.7%
vs prior filed quarter
Top-10 Concentration
+44.2%
share of reported value
Largest Position
+6.8%
Ishares Tr
New / Exited
8 / 5
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: 49.5%Common Stock: 15.2%ADR: 14.6%ETP: 13.5%GLOBAL: 3.7%Other: 3.6%
  • US DOMESTIC · 49.5% · $82M
  • Common Stock · 15.2% · $25M
  • ADR · 14.6% · $24M
  • ETP · 13.5% · $22M
  • GLOBAL · 3.7% · $6M
  • Other · 3.6% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EEMISHARES TRNEW+250.0K250.0K+$11M$11M
MOBILE TELESYSTEMS PJSCNEW+537.5K537.5K+$5M$5M
EWZISHARES INCNEW+100.0K100.0K+$5M$5M
ALTERYX INCNEW+30.2K30.2K+$3M$3M
MICROCHIP TECHNOLOGY INCNEW+980.0K980.0K+$1M$1M
TALTAL EDUCATION GROUPNEW+25.0K25.0K+$1M$1M
NTESNETEASE INCNEW+3.3K3.3K+$997,000$997,000
HEADHUNTER GROUP PLCNEW+34.0K34.0K+$730,000$730,000

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

Holdings — Q4 2019

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EEMISHARES TRhistory →MSCI EMG MKT ETF6.80%$11M250.0K
2SPLUNK INCNOTE 0.500% 9/14.55%$8M6.22M
3BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS4.50%$7M35.0K
4PRICELINE GRP INCNOTE 0.900% 9/14.45%$7M6.35M
5SESEA LTDhistory →SPONSORED ADS4.17%$7M171.2K
6RDNTRADNET INChistory →COM4.15%$7M337.5K
7FIREEYE INCNOTE 0.875% 6/04.14%$7M6.77M
8PALO ALTO NETWORKS INCNOTE 0.750% 7/03.93%$6M5.87M
9GDXJVANECK VECTORS ETF TRUSTJR GOLD MINERS E · GOLD MINERS ETF3.80%$6M180.7K
10TWITTER INCNOTE 0.250% 6/13.70%$6M6.29M
11CVNACARVANA COhistory →CL A3.43%$6M61.5K
12CTRIP COM INTL LTDNOTE 1.000% 7/03.36%$6M5.63M
13MOBILE TELESYSTEMS PJSCSPONSORED ADR3.31%$5M537.5K
14NRG ENERGY INCDBCV 2.750% 6/03.00%$5M4.36M
15EWZISHARES INChistory →MSCI BRAZIL ETF2.88%$5M100.0K
16SPIRIT RLTY CAP INC NEWNOTE 3.750% 5/12.82%$5M4.49M
17ARES CAP CORPNOTE 3.750% 2/02.69%$4M4.29M
18PURE STORAGE INCNOTE 0.125% 4/12.28%$4M3.76M
19LIVE NATION ENTERTAINMENT INNOTE 2.500% 3/12.26%$4M3.03M
20ABXBARRICK GOLD CORPORATIONhistory →COM2.21%$4M196.0K
21MARRIOTT VACTINS WORLDWID CONOTE 1.500% 9/12.09%$3M3.22M
22LIBERTY MEDIA CORP DELAWARENOTE 1.000% 1/32.08%$3M2.58M
23BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/02.07%$3M3.22M
24NUANCE COMMUNICATIONS INCDBCV 1.000%12/11.98%$3M3.22M
25ALTERYX INCCOM CL A1.83%$3M30.2K
26ALTAIR ENGR INCNOTE 0.250% 6/01.71%$3M2.76M
27SQUARE INCNOTE 0.500% 5/11.70%$3M2.52M
28PROSPECT CAPITAL CORPORATIONNOTE 4.950% 7/11.59%$3M2.55M
29VECTOR GROUP LTDFRNT 4/11.55%$3M2.50M
30NEW ORIENTAL ED & TECH GRP ISPON ADR1.47%$2M20.0K
31IOVAIOVANCE BIOTHERAPEUTICS INChistory →COM1.34%$2M80.0K
32CARDTRONICS INCNOTE 1.000%12/01.23%$2M1.91M
33FCXFREEPORT-MCMORAN INChistory →CL B1.12%$2M141.0K
34APOLLO GLOBAL MGMT INCCOM CL A1.08%$2M37.4K
35JDJD COM INCSPON ADR CL A0.85%$1M40.0K
36MICROCHIP TECHNOLOGY INCNOTE 1.625% 2/10.84%$1M980.0K
37TALTAL EDUCATION GROUPSPONSORED ADS0.73%$1M25.0K
38NTESNETEASE INCSPONSORED ADS0.60%$997,0003.3K
39INSMED INCNOTE 1.750% 1/10.59%$968,0001.00M
40HEADHUNTER GROUP PLCSPONSORED ADS0.44%$730,00034.0K
41GDS HLDGS LTDNOTE 2.000% 6/00.36%$600,000500.0K
42FTI CONSULTING INCNOTE 2.000% 8/10.33%$540,000430.0K

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 ↗.