SEC 13F Intelligence

Managers / Q4 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
$154M
Q4 2021
Positions
125
Filings on Record
22
2019–present window
Filed
Jan 26, 2022
original filing

Summary

Cheyne Capital Management (UK) LLP reported $154M in U.S.-listed holdings across 125 positions for Q4 2021.

Its largest position, TASK, represents 6.8% of the portfolio.

Compared with Q3 2021, the fund opened 45 new positions and exited 32.

Portfolio Metrics

Turnover
+28.8%
vs prior filed quarter
Top-10 Concentration
+36.9%
share of reported value
Largest Position
+6.8%
Taskus
New / Exited
45 / 32
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: 48.6%Common Stock: 27.3%Other: 12.0%ETP: 6.4%GLOBAL: 3.0%Other: 2.8%
  • US DOMESTIC · 48.6% · $75M
  • Common Stock · 27.3% · $42M
  • Other · 12.0% · $18M
  • ETP · 6.4% · $10M
  • GLOBAL · 3.0% · $5M
  • Other · 2.8% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INCNEW+20.8K20.8K+$7M$7M
GLDSPDR GOLD TRNEW+25.0K25.0K+$4M$4M
ZYNGA INCNEW+3.30M3.30M+$4M$4M
LIVEPERSON INCNEW+3.37M3.37M+$3M$3M
MELIMERCADOLIBRE INCNEW+1.5K1.5K+$2M$2M
ROYAL CARIBBEAN GROUPNEW+1.25M1.25M+$2M$2M
IONQIONQ INCNEW+85.1K85.1K+$1M$1M
BLOCK INCNEW+850.0K850.0K+$1M$1M

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

Holdings — Q4 2021

115 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TASKTASKUS INChistory →CLASS A COM6.78%$10M193.0K
2METAMETA PLATFORMS INChistory →CL A4.56%$7M20.8K
3FTCHQFARFETCH LTDhistory →ORD SH CL A4.11%$6M188.9K
4SESEA LTDNOTE 0.250% 9/1 · SPONSORD ADS3.73%$6M3.72M
5AKAMAI TECHNOLOGIES INCNOTE 0.375% 9/03.57%$5M4.66M
6MSOSADVISORSHARES TRhistory →PURE US CANNABIS3.12%$5M187.3K
7RINGCENTRAL INCNOTE 3/03.11%$5M5.04M
8GLDSPDR GOLD TRhistory →GOLD SHS2.78%$4M25.0K
9RDNTRADNET INChistory →COM2.67%$4M136.1K
10ABXBARRICK GOLD CORPhistory →COM2.47%$4M200.0K
11NRG ENERGY INCDBCV 2.750% 6/02.41%$4M3.13M
12ZYNGA INCNOTE 0.250% 6/02.32%$4M3.30M
13WESTERN DIGITAL CORP.NOTE 1.500% 2/02.26%$3M3.42M
14LUMENTUM HLDGS INCNOTE 0.500%12/12.15%$3M2.65M
15EURONET WORLDWIDE INCNOTE 0.750% 3/12.13%$3M3.01M
16ARES CAPITAL CORPNOTE 3.750% 2/02.07%$3M2.84M
17MANDIANT INCNOTE 0.875% 6/01.96%$3M2.89M
18LIVEPERSON INCNOTE 12/11.86%$3M3.37M
19FORTIVE CORPNOTE 0.875% 2/11.85%$3M2.83M
20CYBERARK SOFTWARE LTDNOTE 11/11.71%$3M2.07M
21EXACT SCIENCES CORPNOTE 0.375% 3/01.67%$3M2.64M
22BIOMARIN PHARMACEUTICAL INCNOTE 0.599% 8/01.59%$2M2.32M
23INSMED INCNOTE 1.750% 1/11.50%$2M2.23M
24SPLUNK INCNOTE 1.125% 9/1 · NOTE 1.125% 6/11.47%$2M2.19M
25MELIMERCADOLIBRE INChistory →COM1.32%$2M1.5K
26LIVE NATION ENTERTAINMENT INNOTE 2.000% 2/11.32%$2M1.52M
27SHOPIFY INCNOTE 0.125%11/01.17%$2M1.44M
28ILLUMINA INCNOTE 8/11.15%$2M1.53M
29DEXCOM INCNOTE 0.250%11/11.09%$2M1.41M
30JAZZ INVESTMENTS I LTDNOTE 2.000% 6/11.09%$2M1.48M
31VIAVI SOLUTIONS INCNOTE 1.000% 3/01.08%$2M1.17M
32ROYAL CARIBBEAN GROUPNOTE 4.250% 6/11.04%$2M1.25M
33SOUTHWEST AIRLS CONOTE 1.250% 5/00.97%$1M1.11M
34OKTA INCNOTE 0.375% 6/10.96%$1M1.24M
35IONQIONQ INCCOM0.93%$1M85.1K
36TWITTER INCNOTE 0.250% 6/10.91%$1M1.28M
37PIONEER NAT RES CONOTE 0.250% 5/10.89%$1M760.0K
38ETSY INCNOTE 0.125% 9/00.85%$1M975.0K
39BLOCK INCNOTE 0.125% 3/00.82%$1M850.0K
40PINDUODUO INCNOTE 12/00.76%$1M1.28M
41SUSUNCOR ENERGY INC NEWCOM0.75%$1M46.3K
42EQXEQUINOX GOLD CORPCOM0.61%$938,000109.6K
43UBER TECHNOLOGIES INCNOTE 12/10.59%$911,000920.0K
44TECKTECK RESOURCES LTDCL B0.57%$879,00030.5K
45FORTRESS VALUE ACQUISI CORPUNIT 03/31/20280.53%$819,00082.6K
46CCJCAMECO CORPCOM0.53%$807,00037.0K
47CRCCALIFORNIA RES CORPCOM STOCK0.52%$802,00018.8K
48PPLTABERDEEN STD PLATINUM ETF TRPHYSCL PLATM SHS0.51%$787,0008.8K
49OXYOCCIDENTAL PETE CORPCOM0.44%$675,00023.3K
50TECH AND ENERGY TRANSITIONUNIT 03/31/20280.41%$634,00063.6K
51COUPA SOFTWARE INCNOTE 0.125% 6/10.40%$617,000500.0K
52BOA ACQUISITION CORPCOM CL A · *W EXP 02/22/2020.40%$608,00081.0K
53LANDCADIA HOLDINGS IV INCUNIT 05/01/20250.39%$605,00060.0K
54KKR ACQUISITION HOLDING I COUNIT 99/99/99990.39%$601,00060.0K
55TCW SPECIAL PURPOSE ACQU CORUNIT 99/99/99990.39%$594,00060.0K
56CF ACQUISITION CORP VICOM CL A · *W EXP 02/18/2020.37%$574,00062.5K
57RXR ACQUISITION CORPUNIT 01/01/20250.35%$545,00055.0K
58CF ACQUISITION CORP VIIIUNIT 03/31/20280.35%$536,00050.0K
59HAMILTON LANE ALLIANCE HLDGSUNIT 99/99/99990.35%$533,00053.6K
60MASON INDUSTRIAL TECHNOLGY IUNIT 99/99/99990.34%$518,00052.0K
61BROADSCALE ACQUISITION CORPUNIT 02/02/20260.33%$505,00050.0K
62Z-WORK ACQUISITION CORPUNIT 99/99/99990.33%$504,00050.8K
63GORES TECHNOLOGY PARTNERS IIUNIT 03/16/20280.33%$504,00050.0K
64SCP & CO HEALTHCARE ACQUSTNUNIT 10/27/20250.33%$503,00050.0K
65E MERGE TECHNOLOGY ACQUISITIUNIT 07/30/20250.33%$501,00050.0K
66LIVE OAK MOBILITY ACQUISI COUNIT 03/01/20280.33%$500,00050.0K
67NOVUS CAPITAL CORPORATION IICOM CL A · *W EXP 02/02/2020.33%$500,00064.6K
68AEQUI ACQUISITION CORPUNIT 11/30/20270.33%$499,00050.0K
69THUNDER BRIDGE CAP PRTNRS IIUNIT 02/15/20280.32%$497,00050.0K
70INSULET CORPNOTE 0.375% 9/00.32%$492,000370.0K
71HUDSON EXECUTIVE INVES IIIUNIT 02/22/20260.32%$490,00050.0K
72PINE TECHNOLOGY ACQUISITN COCLASS A COM · *W EXP 03/31/2020.31%$481,00063.7K
73PWP FORWARD ACQUISITION CORPUNIT 03/10/20260.31%$478,00048.7K
74ANZU SPECIAL ACQUISITIN CORPUNIT 01/27/20260.30%$465,00046.3K
75CVXCHEVRON CORP NEWCOM0.30%$461,0003.9K
76SCIENCE STRATEGIC ACQ ALPHAUNIT 01/20/20260.29%$448,00045.3K
77FIRST RESERVE SUSTAINABLE GWCLASS A COM · *W EXP 03/05/2020.29%$438,00054.1K
78MISSION ADVANCEMENT CORPUNIT 99/99/99990.28%$436,00044.0K
79NUVASIVE INCNOTE 1.000% 6/00.28%$430,000430.0K
80SANDBRIDGE X2 CORPUNIT 99/99/99990.28%$429,00043.0K
81M3 BRIGADE ACQUISITION II COCOM CL A · *W EXP 09/03/2020.27%$417,00054.0K
82FORTRESS VALUE ACQUIS CORP IUNIT 12/31/20270.27%$409,00041.3K
83USHG ACQUISITION CORPCOM CL A · *W EXP 02/24/2020.26%$403,00049.3K
84LONGVIEW ACQUISITION CORP IICOM CL A0.26%$394,00040.0K
85DHB CAPITAL CORPUNIT 03/31/20280.25%$380,00038.2K
86ATLANTIC COASTAL ACQUISTN COUNIT 03/02/20260.22%$335,00033.5K
87GAMING & HOSPITALITY ACQU COUNIT 02/04/20280.19%$298,00030.0K
88LERER HIPPEAU ACQUISITION COCL A0.17%$263,00026.8K
89BERRY CORPCOM0.17%$261,00031.0K
90CF ACQUISITION CORP VCL A0.16%$252,00026.0K
91SPARTAN ACQUISITION CORP IIICOM CL A0.16%$247,00025.0K
92DECARBONIZATION PLUS ACQU IICOM CL A0.15%$230,00023.0K
93GROWTH CAP ACQUISITION CORPCL A · *W EXP 06/01/2020.14%$208,00030.0K
94FINTECH ACQUISITION CORP VIUNIT 06/24/20260.13%$200,00020.0K
95CRWDCROWDSTRIKE HLDGS INCCL A0.13%$200,000977
96ENVIRONMENTAL IMPACT ACQU COCOM CL A0.11%$168,00016.9K
97GORES TECHNOLOGY PARTNERS INUNIT 03/16/20280.10%$151,00015.0K
98ATHLON ACQUISITION CORPUNIT 01/12/20260.10%$150,00015.0K
99M3 BRIGADE ACQUISITION IIIUNIT 99/99/99990.10%$150,00015.0K
100BIG SKY GROWTH PARTNERS INCUNIT 04/01/20260.10%$147,00015.0K

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 ↗.