Managers / Q3 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
$168M
Q3 2021
Positions
112
Filings on Record
22
2019–present window
Filed
Nov 12, 2021
original filing
Summary
Cheyne Capital Management (UK) LLP reported $168M in U.S.-listed holdings across 112 positions for Q3 2021.
Its largest position, SE, represents 6.6% of the portfolio.
Compared with Q2 2021, the fund opened 15 new positions and exited 17.
Portfolio Metrics
Turnover
+18.7%
vs prior filed quarter
Top-10 Concentration
+40.6%
share of reported value
Largest Position
+6.6%
Sea
New / Exited
15 / 17
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 · 44.8% · $75M
- Common Stock · 21.3% · $36M
- Other · 15.9% · $27M
- ADR · 9.4% · $16M
- ETP · 3.9% · $6M
- Other · 4.8% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SESEA LTD | NEW | +28.0K | 28.0K | +$9M | $9M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | NEW | +60.9K | 60.9K | +$7M | $7M |
| RDNTRADNET INC | NEW | +174.7K | 174.7K | +$5M | $5M |
| CHEGG INC | NEW | +3.55M | 3.55M | +$4M | $4M |
| SEA LTD | NEW | +2.10M | 2.10M | +$2M | $2M |
| ETSY INC | NEW | +1.49M | 1.49M | +$2M | $2M |
| LIVE NATION ENTERTAINMENT IN | NEW | +1.52M | 1.52M | +$2M | $2M |
| MIDDLEBY CORP | NEW | +995.0K | 995.0K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
108 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SESEA LTD | SPONSORD ADS · NOTE 0.250% 9/1 | 6.58% | $11M | 2.13M |
| 2 | FTCHQFARFETCH LTDhistory → | ORD SH CL A | 6.47% | $11M | 290.1K |
| 3 | RBLXROBLOX CORPhistory → | CL A | 4.94% | $8M | 109.7K |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 4.05% | $7M | 60.9K |
| 5 | DMY TECHNOLOGY GROUP INC III | COM CLASS A | 3.54% | $6M | 571.9K |
| 6 | MSOSADVISORSHARES TRhistory → | PURE US CANNABIS | 3.39% | $6M | 180.4K |
| 7 | AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 3.23% | $5M | 4.96M |
| 8 | RDNTRADNET INChistory → | COM | 3.05% | $5M | 174.7K |
| 9 | RINGCENTRAL INC | NOTE 3/0 | 2.97% | $5M | 5.04M |
| 10 | PINDUODUO INC | NOTE 12/0 | 2.37% | $4M | 4.30M |
| 11 | NRG ENERGY INC | DBCV 2.750% 6/0 | 2.18% | $4M | 3.13M |
| 12 | ABXBARRICK GOLD CORPhistory → | COM | 2.15% | $4M | 200.0K |
| 13 | CHEGG INC | NOTE 9/0 | 2.09% | $4M | 3.55M |
| 14 | WESTERN DIGITAL CORP. | NOTE 1.500% 2/0 | 2.06% | $3M | 3.42M |
| 15 | EURONET WORLDWIDE INC | NOTE 0.750% 3/1 | 1.97% | $3M | 3.01M |
| 16 | FIREEYE INC | NOTE 0.875% 6/0 | 1.83% | $3M | 2.89M |
| 17 | ARES CAPITAL CORP | NOTE 3.750% 2/0 | 1.82% | $3M | 2.84M |
| 18 | EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 1.70% | $3M | 2.64M |
| 19 | FORTIVE CORP | NOTE 0.875% 2/1 | 1.69% | $3M | 2.83M |
| 20 | CYBERARK SOFTWARE LTD | NOTE 11/1 | 1.46% | $2M | 2.07M |
| 21 | SPLUNK INC | NOTE 1.125% 9/1 · NOTE 1.125% 6/1 | 1.46% | $2M | 2.19M |
| 22 | BIOMARIN PHARMACEUTICAL INC | NOTE 0.599% 8/0 | 1.43% | $2M | 2.32M |
| 23 | INSMED INC | NOTE 1.750% 1/1 | 1.38% | $2M | 2.23M |
| 24 | TWITTER INC | NOTE 0.250% 6/1 | 1.18% | $2M | 1.58M |
| 25 | ETSY INC | NOTE 0.125% 9/0 | 1.17% | $2M | 1.49M |
| 26 | PIONEER NAT RES CO | NOTE 0.250% 5/1 | 1.16% | $2M | 1.21M |
| 27 | LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 1.08% | $2M | 1.65M |
| 28 | ILLUMINA INC | NOTE 8/1 | 1.07% | $2M | 1.53M |
| 29 | SHOPIFY INC | NOTE 0.125%11/0 | 1.05% | $2M | 1.44M |
| 30 | LIVE NATION ENTERTAINMENT IN | NOTE 2.000% 2/1 | 1.04% | $2M | 1.52M |
| 31 | TELADOC HEALTH INC | NOTE 1.250% 6/0 | 1.03% | $2M | 1.72M |
| 32 | JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 1.02% | $2M | 1.48M |
| 33 | DEXCOM INC | NOTE 0.250%11/1 | 1.00% | $2M | 1.41M |
| 34 | SOUTHWEST AIRLS CO | NOTE 1.250% 5/0 | 0.99% | $2M | 1.11M |
| 35 | INSULET CORP | NOTE 0.375% 9/0 | 0.93% | $2M | 1.11M |
| 36 | VIAVI SOLUTIONS INC | NOTE 1.000% 3/0 | 0.91% | $2M | 1.17M |
| 37 | OKTA INC | NOTE 0.375% 6/1 | 0.90% | $2M | 1.24M |
| 38 | COUPA SOFTWARE INC | NOTE 0.375% 6/1 | 0.88% | $1M | 1.37M |
| 39 | MIDDLEBY CORP | NOTE 1.000% 9/0 | 0.85% | $1M | 995.0K |
| 40 | PALO ALTO NETWORKS INC | NOTE 0.750% 7/0 | 0.81% | $1M | 750.0K |
| 41 | TASKTASKUS INC | CLASS A COM | 0.66% | $1M | 16.7K |
| 42 | CCJCAMECO CORP | COM | 0.65% | $1M | 50.0K |
| 43 | SUSUNCOR ENERGY INC NEW | COM | 0.57% | $960,000 | 46.3K |
| 44 | FORTRESS VALUE ACQUISI CORP | UNIT 03/31/2028 | 0.48% | $814,000 | 82.6K |
| 45 | PPLTABERDEEN STD PLATINUM ETF TR | PHYSCL PLATM SHS | 0.47% | $789,000 | 8.8K |
| 46 | DECARBONIZATION PLUS ACQU II | UNIT 03/19/2026 · UNIT 01/19/2026 | 0.47% | $782,000 | 74.0K |
| 47 | CRCCALIFORNIA RES CORP | COM STOCK | 0.46% | $770,000 | 18.8K |
| 48 | TECKTECK RESOURCES LTD | CL B | 0.45% | $760,000 | 30.5K |
| 49 | OXYOCCIDENTAL PETE CORP | COM | 0.41% | $689,000 | 23.3K |
| 50 | 890 5TH AVE PARTNERS INC | UNIT 01/12/2026 | 0.38% | $640,000 | 62.1K |
| 51 | TECH AND ENERGY TRANSITION | UNIT 03/31/2028 | 0.38% | $632,000 | 63.6K |
| 52 | MCAP ACQUISITION CORP | UNIT 02/18/2030 | 0.37% | $616,000 | 60.3K |
| 53 | GORES GUGGENHEIM INC | UNIT 03/25/2028 | 0.36% | $604,000 | 56.7K |
| 54 | BOA ACQUISITION CORP | UNIT 99/99/9999 | 0.36% | $600,000 | 60.7K |
| 55 | LANDCADIA HOLDINGS IV INC | UNIT 05/01/2025 | 0.36% | $599,000 | 60.0K |
| 56 | KKR ACQUISITION HOLDING I CO | UNIT 99/99/9999 | 0.36% | $599,000 | 60.0K |
| 57 | TCW SPECIAL PURPOSE ACQU COR | UNIT 99/99/9999 | 0.35% | $591,000 | 60.0K |
| 58 | RXR ACQUISITION CORP | UNIT 01/01/2025 | 0.32% | $542,000 | 55.0K |
| 59 | HAMILTON LANE ALLIANCE HLDGS | UNIT 99/99/9999 | 0.32% | $536,000 | 53.6K |
| 60 | MASON INDUSTRIAL TECHNOLGY I | UNIT 99/99/9999 | 0.31% | $517,000 | 52.0K |
| 61 | SPARTAN ACQUISITION CORP III | UNIT 99/99/9999 | 0.30% | $510,000 | 50.0K |
| 62 | ARENA PHARMACEUTICALS INC | COM NEW | 0.30% | $508,000 | 8.5K |
| 63 | CF ACQUISITION CORP VIII | UNIT 03/31/2028 | 0.30% | $507,000 | 50.0K |
| 64 | Z-WORK ACQUISITION CORP | UNIT 99/99/9999 | 0.30% | $503,000 | 50.8K |
| 65 | GORES TECHNOLOGY PARTNERS II | UNIT 03/16/2028 | 0.30% | $500,000 | 50.0K |
| 66 | AEQUI ACQUISITION CORP | UNIT 11/30/2027 | 0.30% | $499,000 | 50.0K |
| 67 | SCP & CO HEALTHCARE ACQUSTN | UNIT 10/27/2025 | 0.30% | $498,000 | 50.0K |
| 68 | E MERGE TECHNOLOGY ACQUISITI | UNIT 07/30/2025 | 0.30% | $498,000 | 50.0K |
| 69 | NOVUS CAPITAL CORPORATION II | UNIT 99/99/9999 | 0.30% | $497,000 | 48.4K |
| 70 | LIVE OAK MOBILITY ACQUISI CO | UNIT 03/01/2028 | 0.30% | $496,000 | 50.0K |
| 71 | BROADSCALE ACQUISITION CORP | UNIT 02/02/2026 | 0.29% | $495,000 | 50.0K |
| 72 | THUNDER BRIDGE CAP PRTNRS II | UNIT 02/15/2028 | 0.29% | $495,000 | 50.0K |
| 73 | CF ACQUISITION CORP VI | UNIT 99/99/9999 | 0.29% | $493,000 | 50.0K |
| 74 | HUDSON EXECUTIVE INVES III | UNIT 02/22/2026 | 0.29% | $493,000 | 50.0K |
| 75 | PWP FORWARD ACQUISITION CORP | UNIT 03/10/2026 | 0.29% | $483,000 | 48.7K |
| 76 | PINE TECHNOLOGY ACQUISITN CO | UNIT 03/31/2028 | 0.28% | $474,000 | 47.8K |
| 77 | ANZU SPECIAL ACQUISITIN CORP | UNIT 01/27/2026 | 0.27% | $458,000 | 46.3K |
| 78 | GROWTH CAP ACQUISITION CORP | UNIT 06/01/2027 | 0.27% | $452,000 | 43.5K |
| 79 | SCIENCE STRATEGIC ACQ ALPHA | UNIT 01/20/2026 | 0.27% | $451,000 | 45.3K |
| 80 | NUVASIVE INC | NOTE 1.000% 6/0 | 0.26% | $439,000 | 430.0K |
| 81 | FIRST RESERVE SUSTAINABLE GW | UNIT 03/05/2026 | 0.26% | $435,000 | 43.3K |
| 82 | MISSION ADVANCEMENT CORP | UNIT 99/99/9999 | 0.26% | $435,000 | 44.0K |
| 83 | SANDBRIDGE X2 CORP | UNIT 99/99/9999 | 0.26% | $430,000 | 43.0K |
| 84 | APPAPPLOVIN CORP | COM CL A | 0.25% | $422,000 | 5.8K |
| 85 | M3 BRIGADE ACQUISITION II CO | UNIT 99/99/9999 | 0.25% | $418,000 | 40.5K |
| 86 | FORTRESS VALUE ACQUIS CORP I | UNIT 12/31/2027 | 0.24% | $410,000 | 41.3K |
| 87 | LONGVIEW ACQUISITION CORP II | UNIT 99/99/9999 | 0.24% | $406,000 | 40.0K |
| 88 | CVXCHEVRON CORP NEW | COM | 0.24% | $399,000 | 3.9K |
| 89 | DHB CAPITAL CORP | UNIT 03/31/2028 | 0.23% | $378,000 | 38.2K |
| 90 | USHG ACQUISITION CORP | UNIT 99/99/9999 | 0.22% | $368,000 | 37.0K |
| 91 | AMZNAMAZON COM INC | COM | 0.21% | $358,000 | 109 |
| 92 | ATLANTIC COASTAL ACQUISTN CO | UNIT 03/02/2026 | 0.20% | $331,000 | 33.5K |
| 93 | PURE STORAGE INC | NOTE 0.125% 4/1 | 0.18% | $302,000 | 260.0K |
| 94 | GAMING & HOSPITALITY ACQU CO | UNIT 02/04/2028 | 0.18% | $298,000 | 30.0K |
| 95 | CF ACQUISITION CORP V | UNIT 01/25/2026 | 0.16% | $264,000 | 26.0K |
| 96 | LERER HIPPEAU ACQUISITION CO | CL A | 0.16% | $261,000 | 26.8K |
| 97 | BERRY CORP | COM | 0.13% | $224,000 | 31.0K |
| 98 | FINTECH ACQUISITION CORP VI | UNIT 06/24/2026 | 0.12% | $200,000 | 20.0K |
| 99 | ENVIRONMENTAL IMPACT ACQU CO | UNIT 11/05/2025 | 0.10% | $175,000 | 16.9K |
| 100 | ATHLON ACQUISITION CORP | UNIT 01/12/2026 | 0.09% | $150,000 | 15.0K |
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 ↗.