SEC 13F Intelligence

Managers / Q3 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
$203M
Q3 2020
Positions
57
Filings on Record
22
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Cheyne Capital Management (UK) LLP reported $203M in U.S.-listed holdings across 57 positions for Q3 2020.

Its largest position, YUMC, represents 14.7% of the portfolio.

Compared with Q2 2020, the fund opened 19 new positions and exited 8.

Portfolio Metrics

Turnover
+22.7%
vs prior filed quarter
Top-10 Concentration
+54.4%
share of reported value
Largest Position
+14.7%
Yum China
New / Exited
19 / 8
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
Common Stock: 42.9%US DOMESTIC: 31.0%ADR: 16.4%ETP: 8.0%Other: 1.0%PRIV PLACEMENT: 0.7%
  • Common Stock · 42.9% · $87M
  • US DOMESTIC · 31.0% · $63M
  • ADR · 16.4% · $33M
  • ETP · 8.0% · $16M
  • Other · 1.0% · $2M
  • PRIV PLACEMENT · 0.7% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
YUMCYUM CHINA HLDGS INCNEW+75.0K75.0K+$30M$30M
NUANCE COMMUNICATIONS INCNEW+176.6K176.6K+$6M$6M
DELLDELL TECHNOLOGIES INCNEW+86.4K86.4K+$6M$6M
JDJD.COM INCNEW+65.0K65.0K+$5M$5M
AKAMAI TECHNOLOGIES INCNEW+4.34M4.34M+$5M$5M
SHOPSHOPIFY INCNEW+4.5K4.5K+$5M$5M
PROOFPOINT INCNEW+3.17M3.17M+$3M$3M
DADA NEXUS LTDNEW+90.0K90.0K+$2M$2M

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

Holdings — Q3 2020

56 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1YUMCYUM CHINA HLDGS INChistory →COM14.73%$30M75.0K
2SESEA LTDhistory →SPONSORD ADS9.62%$19M126.5K
3GLDSPDR GOLD TRhistory →GOLD SHS6.78%$14M77.5K
4NUANCE COMMUNICATIONS INCCOM · DBCV 1.000%12/14.71%$10M2.70M
5AMZNAMAZON COM INChistory →COM4.35%$9M2.8K
6FTCHQFARFETCH LTDhistory →ORD SH CL A3.67%$7M295.2K
7DELLDELL TECHNOLOGIES INChistory →CL C2.89%$6M86.4K
8WMGWARNER MUSIC GROUP CORPhistory →COM CL A2.74%$6M193.1K
9JDJD.COM INChistory →SPON ADR CL A2.49%$5M65.0K
10AKAMAI TECHNOLOGIES INCNOTE 0.375% 9/02.48%$5M4.34M
11MELIMERCADOLIBRE INChistory →COM2.45%$5M4.6K
12BILLBILL COM HLDGS INChistory →COM2.34%$5M47.3K
13SHOPSHOPIFY INChistory →CL A2.26%$5M4.5K
14TWITTER INCNOTE 0.250% 6/11.87%$4M3.41M
15ARES CAPITAL CORPNOTE 3.750% 2/01.77%$4M3.52M
16BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/01.66%$3M3.22M
17RDNTRADNET INChistory →COM1.60%$3M211.0K
18PROOFPOINT INCNOTE 0.250% 8/11.56%$3M3.17M
19PALO ALTO NETWORKS INCNOTE 0.750% 7/01.49%$3M2.67M
20FCXFREEPORT-MCMORAN INChistory →CL B1.44%$3M186.0K
21NRG ENERGY INCDBCV 2.750% 6/01.33%$3M2.58M
22FIREEYE INCNOTE 0.875% 6/01.28%$3M2.78M
23EXACT SCIENCES CORPNOTE 0.375% 3/01.26%$3M2.35M
24EURONET WORLDWIDE INCNOTE 0.750% 3/11.26%$3M2.66M
25DADA NEXUS LTDADS1.18%$2M90.0K
26ILLUMINA INCNOTE 8/11.15%$2M2.20M
27SPIRIT RLTY CAP INC NEWNOTE 3.750% 5/11.13%$2M2.25M
28DAVAENDAVA PLChistory →ADS1.06%$2M34.0K
29ZYNGA INCNOTE 0.250% 6/01.05%$2M1.67M
30BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.02%$2M7.0K
31FLYING EAGLE ACQUISITION CORCOM1.01%$2M168.3K
32ZTOZTO EXPRESS CAYMAN INCSPONSORED ADS A1.00%$2M67.5K
33TANINVESCO EXCH TRADED FD TR IISOLAR ETF0.96%$2M30.0K
34CNSTCONSTELLATION PHARMCETICLS ICOM0.91%$2M90.8K
35SNAP INCNOTE 0.750% 8/00.90%$2M1.32M
36REALPAGE INCNOTE 1.500% 5/10.80%$2M1.57M
37LIVEPERSON INCNOTE 0.750% 3/00.79%$2M1.05M
38ZILLOW GROUP INCNOTE 2.000%12/00.78%$2M820.0K
39BLACKLINE INCNOTE 0.125% 8/00.77%$2M1.14M
40ON SEMICONDUCTOR CORPNOTE 1.625%10/10.73%$1M1.12M
41ALTAIR ENGR INCNOTE 0.250% 6/00.69%$1M1.26M
42PRICELINE GRP INCNOTE 0.900% 9/10.68%$1M1.30M
43LIBERTY MEDIA CORP DELNOTE 1.000% 1/30.68%$1M1.16M
44SOUTHWEST AIRLS CONOTE 1.250% 5/00.68%$1M1.05M
45NEW RELIC INCNOTE 0.500% 5/00.61%$1M1.30M
46WESTERN DIGITAL CORP.NOTE 1.500% 2/00.60%$1M1.27M
47VIAVI SOLUTIONS INCNOTE 1.000% 3/00.52%$1M935.0K
48ALTERYX INCNOTE 0.500% 8/00.52%$1M1.05M
49ZYMEWORKS INCCOM0.32%$640,00013.8K
50IOVAIOVANCE BIOTHERAPEUTICS INCCOM0.28%$568,00017.3K
51PPLTABERDEEN STD PLATINUM ETF TRPHYSCL PLATM SHS0.26%$533,0006.3K
52FTI CONSULTING INCNOTE 2.000% 8/10.26%$531,000430.0K
53INSMED INCNOTE 1.750% 1/10.24%$491,000450.0K
54PLURALSIGHT INCNOTE 0.375% 3/00.22%$446,000500.0K
55PURE STORAGE INCNOTE 0.125% 4/10.12%$251,000260.0K
56BERRY CORPCOM0.05%$98,00031.0K

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 ↗.