SEC 13F Intelligence

Managers / Q2 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
$148M
Q2 2020
Positions
46
Filings on Record
22
2019–present window
Filed
Aug 12, 2020
original filing

Summary

Cheyne Capital Management (UK) LLP reported $148M in U.S.-listed holdings across 46 positions for Q2 2020.

Its largest position, SE, represents 11.8% of the portfolio.

Compared with Q1 2020, the fund opened 15 new positions and exited 9.

Portfolio Metrics

Turnover
+18.7%
vs prior filed quarter
Top-10 Concentration
+57.7%
share of reported value
Largest Position
+11.8%
Sea
New / Exited
15 / 9
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: 40.4%Common Stock: 26.3%ETP: 16.7%ADR: 15.7%PRIV PLACEMENT: 0.9%
  • US DOMESTIC · 40.4% · $60M
  • Common Stock · 26.3% · $39M
  • ETP · 16.7% · $25M
  • ADR · 15.7% · $23M
  • PRIV PLACEMENT · 0.9% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WMGWARNER MUSIC GROUP CORPNEW+193.1K193.1K+$6M$6M
BILLBILL COM HLDGS INCNEW+58.3K58.3K+$5M$5M
MELIMERCADOLIBRE INCNEW+2.6K2.6K+$3M$3M
ZYNGA INCNEW+1.87M1.87M+$2M$2M
CHEGG INCNEW+1.27M1.27M+$2M$2M
COUPA SOFTWARE INCNEW+970.0K970.0K+$2M$2M
DAVAENDAVA PLCNEW+32.5K32.5K+$2M$2M
LIVEPERSON INCNEW+1.05M1.05M+$1M$1M

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

Holdings — Q2 2020

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SESEA LTDhistory →SPONSORED ADS11.81%$17M163.0K
2GDXVANECK VECTORS ETF TRhistory →GOLD MINERS ETF10.49%$16M423.3K
3AMZNAMAZON COM INChistory →COM9.33%$14M5.0K
4GLDSPDR GOLD TRhistory →GOLD SHS6.22%$9M55.0K
5FTCHQFARFETCH LTDhistory →ORD SH CL A4.27%$6M366.2K
6WMGWARNER MUSIC GROUP CORPhistory →COM CL A3.85%$6M193.1K
7BILLBILL COM HLDGS INChistory →COM3.55%$5M58.3K
8MOBILE TELESYSTEMS PJSCSPONSORED ADR2.80%$4M450.0K
9ARES CAPITAL CORPNOTE 3.750% 2/02.75%$4M4.09M
10TWITTER INCNOTE 0.250% 6/12.67%$4M4.18M
11NRG ENERGY INCDBCV 2.750% 6/02.64%$4M3.85M
12ILLUMINA INCNOTE 8/12.35%$3M3.20M
13PALO ALTO NETWORKS INCNOTE 0.750% 7/02.35%$3M3.22M
14SQUARE INCNOTE 0.500% 5/12.33%$3M2.32M
15NUANCE COMMUNICATIONS INCDBCV 1.000%12/12.25%$3M2.82M
16BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/02.05%$3M2.47M
17EURONET WORLDWIDE INCNOTE 0.750% 3/11.73%$3M2.66M
18MELIMERCADOLIBRE INChistory →COM1.72%$3M2.6K
19FIREEYE INCNOTE 0.875% 6/01.70%$3M2.78M
20ZYNGA INCNOTE 0.250% 6/01.63%$2M1.87M
21EXACT SCIENCES CORPNOTE 0.375% 3/01.52%$2M2.35M
22SPIRIT RLTY CAP INCNOTE 3.750% 5/11.51%$2M2.25M
23FCXFREEPORT-MCMORAN INChistory →CL B1.45%$2M186.0K
24CHEGG INCNOTE 0.125% 3/11.22%$2M1.27M
25RDNTRADNET INChistory →COM1.20%$2M112.1K
26COUPA SOFTWARE INCNOTE 0.125% 6/11.19%$2M970.0K
27DAVAENDAVA PLChistory →ADS1.06%$2M32.5K
28PRICELINE GRP INCNOTE 0.900% 9/10.93%$1M1.30M
29ON SEMICONDUCTOR CORPNOTE 1.625%10/10.92%$1M1.12M
30ALTAIR ENGR INCNOTE 0.250% 6/00.90%$1M1.26M
31LIVEPERSON INCNOTE 0.750% 3/00.88%$1M1.05M
32NEW RELIC INCNOTE 0.500% 5/00.86%$1M1.30M
33LIBERTY MEDIA CORP DELNOTE 1.000% 1/30.85%$1M1.16M
34SOUTHWEST AIRLS CONOTE 1.250% 5/00.85%$1M1.05M
35WESTERN DIGITAL CORP.NOTE 1.500% 2/00.81%$1M1.27M
36PLURALSIGHT INCNOTE 0.375% 3/00.78%$1M1.30M
37VIAVI SOLUTIONS INCNOTE 1.000% 3/00.73%$1M935.0K
38MICROCHIP TECHNOLOGY INC.NOTE 1.625% 2/10.70%$1M700.0K
39ZILLOW GROUP INCNOTE 2.000%12/00.68%$1M820.0K
40EPAMEPAM SYS INCCOM0.66%$978,0003.9K
41PURE STORAGE INCNOTE 0.125% 4/10.51%$752,000760.0K
42FTI CONSULTING INCNOTE 2.000% 8/10.37%$550,000430.0K
43INSMED INCNOTE 1.750% 1/10.30%$439,000450.0K
44REALPAGE INCNOTE 1.500% 5/10.29%$432,000400.0K
45NOBLE ENERGY INCCOM0.20%$296,00033.0K
46BERRY CORPCOM0.10%$150,00031.0K

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 ↗.