SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Cheyne Capital Management (UK) LLP

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

Reported Value
$97M
Q1 2020
Positions
40
Filings on Record
22
2019–present window
Filed
May 7, 2020
original filing

Summary

Cheyne Capital Management (UK) LLP reported $97M in U.S.-listed holdings across 40 positions for Q1 2020.

Its largest position, GLD, represents 9.9% of the portfolio.

Compared with Q4 2019, the fund opened 13 new positions and exited 16.

Portfolio Metrics

Turnover
+22.5%
vs prior filed quarter
Top-10 Concentration
+52.4%
share of reported value
Largest Position
+9.9%
Spdr Gold
New / Exited
13 / 16
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: 50.9%ADR: 19.9%Common Stock: 14.6%ETP: 12.2%PRIV PLACEMENT: 1.3%Other: 1.1%
  • US DOMESTIC · 50.9% · $49M
  • ADR · 19.9% · $19M
  • Common Stock · 14.6% · $14M
  • ETP · 12.2% · $12M
  • PRIV PLACEMENT · 1.3% · $1M
  • Other · 1.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLDSPDR GOLD TRUSTNEW+65.0K65.0K+$10M$10M
AMZNAMAZON COM INCNEW+2.4K2.4K+$5M$5M
EURONET WORLDWIDE INCNEW+2.66M2.66M+$2M$2M
ILLUMINA INCNEW+2.10M2.10M+$2M$2M
WESTERN DIGITAL CORPNEW+2.27M2.27M+$2M$2M
FTCHQFARFETCH LTDNEW+181.0K181.0K+$1M$1M
ON SEMICONDUCTOR CORPNEW+1.12M1.12M+$1M$1M
NEW RELIC INCNEW+1.30M1.30M+$1M$1M

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

Holdings — Q1 2020

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GLDSPDR GOLD TRUSThistory →GOLD SHS9.92%$10M65.0K
2SESEA LTDhistory →SPONSORED ADS8.83%$9M193.4K
3FIREEYE INCNOTE 0.875% 6/04.83%$5M5.57M
4AMZNAMAZON COM INChistory →COM4.77%$5M2.4K
5SPLUNK INCNOTE 0.500% 9/14.72%$5M4.26M
6BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS4.61%$4M23.0K
7NRG ENERGY INCDBCV 2.750% 6/03.85%$4M3.85M
8ARES CAPITAL CORPNOTE 3.750% 2/03.81%$4M4.09M
9CVNACARVANA COhistory →CL A3.68%$4M64.8K
10MOBILE TELESYSTEMS PJSCSPONSORED ADR3.33%$3M425.0K
11TWITTER INCNOTE 0.250% 6/13.30%$3M3.58M
12RDNTRADNET INChistory →COM3.21%$3M296.0K
13PALO ALTO NETWORKS INNOTE 0.750% 7/03.19%$3M3.22M
14NUANCE COMMUNICATIONS INCDBCV 1.000%12/12.78%$3M2.82M
15BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/02.65%$3M2.47M
16EURONET WORLDWIDE INCNOTE 0.750% 3/12.50%$2M2.66M
17SQUARE INCNOTE 0.500% 5/12.47%$2M2.32M
18GDXVANECK VECTORS ETF TRhistory →GOLD MINERS ETF2.27%$2M95.4K
19SPIRIT RLTY CAP INC NEWNOTE 3.750% 5/12.18%$2M2.25M
20ILLUMINA INCNOTE 8/12.10%$2M2.10M
21WESTERN DIGITAL CORPNOTE 1.500% 2/02.08%$2M2.27M
22PURE STORAGE INCNOTE 0.125% 4/11.57%$2M1.76M
23NTESNETEASE INChistory →SPONSORED ADS1.49%$1M4.5K
24FTCHQFARFETCH LTDhistory →ORD SH CL A1.47%$1M181.0K
25PRICELINE GRP INCNOTE 0.900% 9/11.35%$1M1.30M
26LIBERTY MEDIA CORP DELNOTE 1.000% 1/31.30%$1M1.33M
27FCXFREEPORT-MCMORAN INChistory →CL B1.29%$1M186.0K
28ON SEMICONDUCTOR CORPNOTE 1.625%10/11.16%$1M1.12M
29ALTAIR ENGR INCNOTE 0.250% 6/01.15%$1M1.26M
30NEW RELIC INCNOTE 0.500% 5/01.14%$1M1.30M
31NEW ORIENTAL ED & TECH GRP ISPON ADR1.11%$1M10.0K
32EXACT SCIENCES CORPNOTE 0.375% 3/00.95%$926,0001.18M
33INSMED INCNOTE 1.750% 1/10.88%$850,0001.00M
34ZILLOW GROUP INCNOTE 2.000%12/00.85%$829,000820.0K
35MICROCHIP TECHNOLOGY INCNOTE 1.625% 2/10.75%$726,000700.0K
36JDJD COM INCSPON ADR CL A0.63%$608,00015.0K
37FTI CONSULTING INCNOTE 2.000% 8/10.58%$564,000430.0K
38HUYAHUYA INCADS REP SHS A0.52%$509,00030.0K
39GOTUGSX TECHEDU INCSPONSORED ADS0.52%$508,00012.0K
40CSVCARRIAGE SVCS INCCOM0.20%$193,00012.0K

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 ↗.