Managers / Q2 2021 · view latest →
Cheyne Capital Management (UK) LLP
CIK 0001390457 · STORNOWAY HOUSE, 13 CLEVELAND ROW, LONDON, X0, SW1A 1DH · 011-44(0)2070317450
Reported Value
$220M
Q2 2021
Positions
114
Filings on Record
22
2019–present window
Filed
Aug 12, 2021
original filing
Summary
Cheyne Capital Management (UK) LLP reported $220M in U.S.-listed holdings across 114 positions for Q2 2021.
Its largest position, BABA, represents 9.0% of the portfolio.
Compared with Q1 2021, the fund opened 44 new positions and exited 30.
Portfolio Metrics
Turnover
+22.2%
vs prior filed quarter
Top-10 Concentration
+41.5%
share of reported value
Largest Position
+9.0%
Alibaba Group Hldg
New / Exited
44 / 30
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
Portfolio Composition
By security type
- US DOMESTIC · 40.9% · $90M
- Common Stock · 23.0% · $51M
- Other · 13.9% · $31M
- ADR · 12.5% · $27M
- ETP · 6.0% · $13M
- Other · 3.6% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BABAALIBABA GROUP HLDG LTD | NEW | +87.6K | 87.6K | +$20M | $20M |
| FTCHQFARFETCH LTD | NEW | +311.7K | 311.7K | +$16M | $16M |
| RBLXROBLOX CORP | NEW | +128.7K | 128.7K | +$12M | $12M |
| DEXCOM INC | NEW | +3.21M | 3.21M | +$3M | $3M |
| BZKANZHUN LIMITED | NEW | +84.0K | 84.0K | +$3M | $3M |
| PATHUIPATH INC | NEW | +47.0K | 47.0K | +$3M | $3M |
| OKTA INC | NEW | +2.21M | 2.21M | +$3M | $3M |
| TELADOC HEALTH INC | NEW | +1.90M | 1.90M | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2021
111 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 9.05% | $20M | 87.6K |
| 2 | FTCHQFARFETCH LTDhistory → | ORD SH CL A | 7.15% | $16M | 311.7K |
| 3 | MSOSADVISORSHARES TRhistory → | PURE US CANNABIS | 5.48% | $12M | 300.8K |
| 4 | RBLXROBLOX CORPhistory → | CL A | 5.27% | $12M | 128.7K |
| 5 | DMY TECHNOLOGY GROUP INC III | COM CLASS A | 3.01% | $7M | 619.1K |
| 6 | KALEYRA INC | COM | 2.61% | $6M | 467.9K |
| 7 | AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 2.54% | $6M | 4.81M |
| 8 | RINGCENTRAL INC | NOTE 3/0 | 2.48% | $5M | 4.92M |
| 9 | PALO ALTO NETWORKS INC | NOTE 0.750% 7/0 | 1.96% | $4M | 2.96M |
| 10 | PINDUODUO INC | NOTE 12/0 | 1.96% | $4M | 4.18M |
| 11 | ABXBARRICK GOLD CORPhistory → | COM | 1.88% | $4M | 200.0K |
| 12 | PROOFPOINT INC | NOTE 0.250% 8/1 | 1.88% | $4M | 3.29M |
| 13 | ARES CAPITAL CORP | NOTE 3.750% 2/0 | 1.77% | $4M | 3.71M |
| 14 | NRG ENERGY INC | DBCV 2.750% 6/0 | 1.75% | $4M | 3.30M |
| 15 | MELIMERCADOLIBRE INChistory → | COM | 1.64% | $4M | 2.3K |
| 16 | WESTERN DIGITAL CORP. | NOTE 1.500% 2/0 | 1.61% | $4M | 3.31M |
| 17 | DEXCOM INC | NOTE 0.250%11/1 | 1.53% | $3M | 3.21M |
| 18 | BZKANZHUN LIMITEDhistory → | SPONSORED ADS | 1.52% | $3M | 84.0K |
| 19 | EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 1.49% | $3M | 2.64M |
| 20 | FIREEYE INC | NOTE 0.875% 6/0 | 1.49% | $3M | 2.89M |
| 21 | EURONET WORLDWIDE INC | NOTE 0.750% 3/1 | 1.48% | $3M | 2.81M |
| 22 | PATHUIPATH INChistory → | CL A | 1.45% | $3M | 47.0K |
| 23 | INSULET CORP | NOTE 0.375% 9/0 | 1.42% | $3M | 2.29M |
| 24 | ILLUMINA INC | NOTE 8/1 | 1.35% | $3M | 2.33M |
| 25 | BIOMARIN PHARMACEUTICAL INC | NOTE 0.599% 8/0 | 1.34% | $3M | 2.82M |
| 26 | PRICELINE GRP INC | NOTE 0.900% 9/1 | 1.31% | $3M | 2.63M |
| 27 | FORTIVE CORP | NOTE 0.875% 2/1 | 1.30% | $3M | 2.83M |
| 28 | OKTA INC | NOTE 0.375% 6/1 | 1.25% | $3M | 2.21M |
| 29 | OZONOZON HLDGS PLChistory → | SPONSORED ADS | 1.16% | $3M | 43.5K |
| 30 | SPLUNK INC | NOTE 1.125% 9/1 · NOTE 1.125% 6/1 | 1.11% | $2M | 2.19M |
| 31 | INSMED INC | NOTE 1.750% 1/1 | 1.07% | $2M | 2.23M |
| 32 | CYBERARK SOFTWARE LTD | NOTE 11/1 | 1.02% | $2M | 2.07M |
| 33 | TWITTER INC | NOTE 0.250% 6/1 | 0.99% | $2M | 1.58M |
| 34 | TELADOC HEALTH INC | NOTE 1.250% 6/0 | 0.97% | $2M | 1.90M |
| 35 | JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 0.90% | $2M | 1.48M |
| 36 | PIONEER NAT RES CO | NOTE 0.250% 5/1 | 0.88% | $2M | 1.21M |
| 37 | SHOPIFY INC | NOTE 0.125%11/0 | 0.85% | $2M | 1.44M |
| 38 | HEADHUNTER GROUP PLC | SPONSORED ADS | 0.77% | $2M | 40.0K |
| 39 | SOUTHWEST AIRLS CO | NOTE 1.250% 5/0 | 0.76% | $2M | 1.11M |
| 40 | LIBERTY MEDIA CORP DEL | NOTE 1.000% 1/3 | 0.75% | $2M | 1.22M |
| 41 | COUPA SOFTWARE INC | NOTE 0.375% 6/1 | 0.72% | $2M | 1.37M |
| 42 | NUVASIVE INC | NOTE 1.000% 6/0 | 0.68% | $2M | 1.43M |
| 43 | LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 0.66% | $1M | 1.33M |
| 44 | FCXFREEPORT-MCMORAN INC | CL B | 0.63% | $1M | 37.5K |
| 45 | NEW RELIC INC | NOTE 0.500% 5/0 | 0.62% | $1M | 1.37M |
| 46 | VIAVI SOLUTIONS INC | NOTE 1.000% 3/0 | 0.60% | $1M | 935.0K |
| 47 | M3 BRIGADE ACQUISITION II CO | UNIT 99/99/9999 | 0.59% | $1M | 128.7K |
| 48 | GORES GUGGENHEIM INC | UNIT 03/25/2028 | 0.53% | $1M | 116.7K |
| 49 | ZENDESK INC | NOTE 0.625% 6/1 | 0.53% | $1M | 790.0K |
| 50 | SUSUNCOR ENERGY INC NEW | COM | 0.51% | $1M | 46.3K |
| 51 | ALTERYX INC | NOTE 0.500% 8/0 | 0.46% | $1M | 1.05M |
| 52 | LANDCADIA HOLDINGS IV INC | UNIT 05/01/2025 | 0.45% | $996,000 | 100.0K |
| 53 | CCJCAMECO CORP | COM | 0.44% | $959,000 | 50.0K |
| 54 | PPLTABERDEEN STD PLATINUM ETF TR | PHYSCL PLATM SHS | 0.40% | $877,000 | 8.8K |
| 55 | FORTRESS VALUE ACQUISI CORP | UNIT 03/31/2028 | 0.38% | $826,000 | 82.6K |
| 56 | DECARBONIZATION PLUS ACQU II | UNIT 03/19/2026 · UNIT 01/19/2026 | 0.37% | $808,000 | 74.0K |
| 57 | LERER HIPPEAU ACQUISITION CO | CL A | 0.35% | $762,000 | 77.3K |
| 58 | OXYOCCIDENTAL PETE CORP | COM | 0.33% | $729,000 | 23.3K |
| 59 | IOVAIOVANCE BIOTHERAPEUTICS INC | COM | 0.30% | $651,000 | 25.0K |
| 60 | 890 5TH AVE PARTNERS INC | UNIT 01/12/2026 | 0.29% | $637,000 | 62.1K |
| 61 | TECH AND ENERGY TRANSITION | UNIT 03/31/2028 | 0.29% | $635,000 | 63.6K |
| 62 | KKR ACQUISITION HOLDING I CO | UNIT 99/99/9999 | 0.27% | $602,000 | 60.0K |
| 63 | BOA ACQUISITION CORP | UNIT 99/99/9999 | 0.27% | $602,000 | 60.7K |
| 64 | MCAP ACQUISITION CORP | UNIT 02/18/2030 | 0.27% | $602,000 | 60.3K |
| 65 | DHB CAPITAL CORP | UNIT 03/31/2028 | 0.27% | $600,000 | 60.0K |
| 66 | FIRST RESERVE SUSTAINABLE GW | UNIT 03/05/2026 | 0.27% | $599,000 | 60.0K |
| 67 | TCW SPECIAL PURPOSE ACQU COR | UNIT 99/99/9999 | 0.27% | $598,000 | 60.0K |
| 68 | PWP FORWARD ACQUISITION CORP | UNIT 03/10/2026 | 0.27% | $597,000 | 60.0K |
| 69 | SCP & CO HEALTHCARE ACQUSTN | UNIT 10/27/2025 | 0.27% | $597,000 | 59.3K |
| 70 | ARENA PHARMACEUTICALS INC | COM NEW | 0.26% | $582,000 | 8.5K |
| 71 | CRCCALIFORNIA RES CORP | COM STOCK | 0.26% | $566,000 | 18.8K |
| 72 | RXR ACQUISITION CORP | UNIT 01/01/2025 | 0.25% | $548,000 | 55.0K |
| 73 | HAMILTON LANE ALLIANCE HLDGS | COM CL A | 0.25% | $539,000 | 53.6K |
| 74 | MASON INDUSTRIAL TECHNOLGY I | UNIT 99/99/9999 | 0.24% | $524,000 | 52.0K |
| 75 | SCIENCE STRATEGIC ACQ ALPHA | UNIT 01/20/2026 | 0.24% | $520,000 | 52.3K |
| 76 | GORES TECHNOLOGY PARTNERS II | UNIT 03/16/2028 | 0.24% | $517,000 | 50.0K |
| 77 | Z-WORK ACQUISITION CORP | UNIT 99/99/9999 | 0.23% | $508,000 | 50.8K |
| 78 | E MERGE TECHNOLOGY ACQUISITI | UNIT 07/30/2025 | 0.23% | $507,000 | 50.0K |
| 79 | CF ACQUISITION CORP VIII | UNIT 03/31/2028 | 0.23% | $505,000 | 50.0K |
| 80 | SPARTAN ACQUISITION CORP III | UNIT 99/99/9999 | 0.23% | $503,000 | 50.0K |
| 81 | LIVE OAK MOBILITY ACQUISI CO | UNIT 03/01/2028 | 0.23% | $502,000 | 50.0K |
| 82 | SANDBRIDGE X2 CORP | UNIT 99/99/9999 | 0.23% | $501,000 | 50.0K |
| 83 | ANZU SPECIAL ACQUISITIN CORP | UNIT 01/27/2026 | 0.23% | $500,000 | 50.0K |
| 84 | THUNDER BRIDGE CAP PRTNRS II | UNIT 02/15/2028 | 0.23% | $500,000 | 50.0K |
| 85 | CF ACQUISITION CORP VI | UNIT 99/99/9999 | 0.23% | $500,000 | 50.0K |
| 86 | BROADSCALE ACQUISITION CORP | UNIT 02/02/2026 | 0.23% | $500,000 | 50.0K |
| 87 | AEQUI ACQUISITION CORP | UNIT 11/30/2027 | 0.23% | $500,000 | 50.0K |
| 88 | HUDSON EXECUTIVE INVES III | COM CL A | 0.23% | $500,000 | 50.0K |
| 89 | PINE TECHNOLOGY ACQUISITN CO | UNIT 03/31/2028 | 0.23% | $497,000 | 50.0K |
| 90 | NOVUS CAPITAL CORPORATION II | UNIT 99/99/9999 | 0.22% | $490,000 | 48.4K |
| 91 | MISSION ADVANCEMENT CORP | UNIT 99/99/9999 | 0.20% | $440,000 | 44.0K |
| 92 | GROWTH CAP ACQUISITION CORP | UNIT 06/01/2027 | 0.20% | $435,000 | 43.5K |
| 93 | FORTRESS VALUE ACQUIS CORP I | UNIT 12/31/2027 | 0.19% | $412,000 | 41.3K |
| 94 | CVXCHEVRON CORP NEW | COM | 0.19% | $412,000 | 3.9K |
| 95 | LONGVIEW ACQUISITION CORP II | UNIT 99/99/9999 | 0.18% | $403,000 | 40.0K |
| 96 | USHG ACQUISITION CORP | UNIT 99/99/9999 | 0.17% | $370,000 | 37.0K |
| 97 | ATLANTIC COASTAL ACQUISTN CO | UNIT 03/02/2026 | 0.15% | $333,000 | 33.5K |
| 98 | GAMING & HOSPITALITY ACQU CO | UNIT 02/04/2028 | 0.14% | $299,000 | 30.0K |
| 99 | PURE STORAGE INC | NOTE 0.125% 4/1 | 0.12% | $274,000 | 260.0K |
| 100 | CF ACQUISITION CORP V | UNIT 01/25/2026 | 0.12% | $265,000 | 26.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2023 | $28M | 15 | Feb 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $35M | 24 | Oct 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $27M | 19 | Jul 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $32M | 22 | May 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $57M | 59 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $47M | 35 | Nov 10, 2022 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2022 | $118M | 108 | Aug 5, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $159M | 142 | May 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $154M | 125 | Jan 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $168M | 112 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $220M | 114 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $158M | 100 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $198M | 88 | Feb 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $203M | 57 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $148M | 46 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $97M | 40 | May 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $165M | 43 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $158M | 40 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $138M | 42 | Aug 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $107M | 35 | May 10, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $106M | 35 | Feb 5, 2019 | 13F-HR | changes · 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 ↗.